Tuesday, Sep 01, 07:50 GMT
EUROPEAN Trading Newsletter
Follow us on Twitter • Subscribe to our RSS feeds • Visit our Facebook page
To Get Started
- Don't miss the Non-farm Payrolls Live Coverage Special 40th edition. With Wayne McDonell. Amazing prizes awaiting for you!
- WEBINAR VIDEOS: The second half of 2009 by Adam Rosen
- Forex Tools renewed! Check out the brand new features: Margin Calculator and Carry Trade Calculator
- All the events of the day in our Economic Calendar
Note that our messages might be blocked by anti-spam filters so please add newsletter@fxstreet.com or our domain (fxstreet.com) to your address book.
Forex Blogs
The Day Job Trader: GBP/USD Testing Channel..Reversal From Here? by Ryan O'Keefe
On to tonight's GBP/USD chart. I decided to accommodate last week's price action by drawing the channel slightly lower. Although technically today's daily candle closed in bargain day territory it is really a questionable sell in my opinion.
FX Bootcamp: Volatility Analysis: AUD/USD by Curt Wehrley
Chartology: AUD/USD 240 minute a Rising Wedge and a Ceiling by Raghee Horner
Sponsored by 
Live Sessions Schedule
London Session Scenarios on GBPUSD & GBPJPY
Expert: Mihai Marinescu
Start: Tue, Sep 1, 08:00 GMT
Type of Session: Webinar
The Weather Report: Ichimoku Cloud Trading
Expert: Chris Capre
Start: Tue, Sep 1, 14:00 GMT
Type of Session: Webinar
| Sponsored by | ||||
| Tue, Sep 1, 08:00 GMT | London Session Scenarios on GBPUSD & GBPJPY | Mihai Marinescu | WBN |  |
| Tue, Sep 1, 13:00 GMT | Trading the markets around the clock  | Adam Rosen | WBN | |
| Tue, Sep 1, 14:00 GMT | The Weather Report: Ichimoku Cloud Trading | Chris Capre | WBN | |
| Tue, Sep 1, 16:00 GMT | Drilling down, Support and Resistance | Triffany Hammond | WBN | |
Current Session: Europe
EUR/USD surged towards the awaited resistance at 1.4375
ecPulse.com − The Euro versus Dollar pair surged towards the awaited resistance at 1.4375, after building a solid base at the pivot support at 1.4250, yet is still facing difficulties in breaching the mentioned level. We still see possibilities of a breakout today and therefore we expect an incline on the intraday basis targeting 1.4620, as far as 1.4230 is intact.
USD/CAD
Trend line from 1.0630 has provided both support and resistance throughout August by Easy Forex
It is quite interesting how the trend line from 1.0630 has provided both support and resistance throughout the entire month of August, as seen on the chart below.
GBP/USD
GBP USD is in a range between 1,6155 and 1,6385 by Mataf.net
GBP USD is in a range between 1,6155 and 1,6385. GBP USD moves without trend and swings around exponential moving averages (EMA 50 and 100). The volatility decreases.
Analyst Sentiment Index (ASI)
Analysts Sentiment Index - EUR/USD
**Source : ActionForex.com, CMS Forex, Danske Bank A/S, FXstreet.com, i-knowindices.com, Mizuho Corporate Bank, MolFX - Management
[ View ASI page ] [ View EUR/USD page ]
Charting the Market Movers
USD JPY, Hourly
GBP USD, Hourly
Top Market Movers Preview
Germany UNEMPLOYMENT RATE S.A.
| Date (GMT) | Event | Cons. | Previous | |
| Sep 1 | 07:55 | Unemployment Change | 33K | -6K |
| Sep 1 | 07:55 | Unemployment Rate s.a. | 8.4% | 8.3% |
EMU economic indicators - German adjusted unemployment (Aug): short−time work limiting rise again by BHF−Bank
Despite the severe recession, German adjusted unemployment surprisingly fell by 6k in July. The extensive use of short−time work schemes and statistical changes are still dampening the upward trend. We thus forecast that adjusted unemployment will have risen by a mere 5k in August. However, from autumn on, we expect unemployment to go up noticeably, as cost pressures will force companies to dismiss employees rather than to prolong their short−time work contracts.
[ Full Story ]Top Market Movers Review
Germany RETAIL SALES
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Sep 1 | 06:00 | Retail Sales (YoY) | -1.0% | -1.2% | -2.0% |
| Sep 1 | 06:00 | Retail Sales (MoM) | 0.7% | 0.7% | -1.3% |
DATA SNAP: German Retail Sales Rise 0.7% In July On Month (Dow Jones)
[ Full Story ]- Read the Retail Sales data at German Statistics
- Forex: EUR/USD: Euro rises to week high at 1.4378 as German retail sales advance (FXstreet.com)
- German Jul Retail Sales increase 0.7% MoM and fall 1% YoY (FXstreet.com)
EMU economic indicators - German retail sales (July): stabilised at least by BHF−Bank
Economic Events
| Date (GMT) | Country | Event | Actual | Cons. | Previous | |
| Sep 1 | 05:45 | CH | Gross Domestic Product s.a. (QoQ) | -0.3% | -0.9% | -0.9% |
| 06:00 | DE | Retail Sales (MoM) (Jul) | 0.7% | 0.7% | -1.3% |
|
| 06:00 | DE | Retail Sales (YoY) (Jul) | -1.0% | -1.2% | -2.0% |
|
| 07:30 | CH | SVME − Purchasing Managers' Index | 50.2 | 47.1 | 44.3 | |
| 07:55 | DE | Unemployment Change | 33K | -6K | ||
| 07:55 | DE | Unemployment Rate s.a. | 8.4% | 8.3% | ||
| 08:00 | EMU | Purchasing Manager Index Manufacturing | 47.9 | 46.3 | ||
| 08:30 | UK | M4 Money Supply (MoM) (Jul) | -0.3% | |||
| 08:30 | UK | M4 Money Supply (YoY) (Jul) | 13.3% | |||
| 08:30 | UK | Mortgage Approvals | 51.00K | 47.58K | ||
Educational Resources
Video Forex Trading Program: Day 21 − The Fundamentals − Market Correlations
4Xlounge.com's 30−day Trading Program is an EXCLUSIVE course made of 30 short movies. From technical indicators to strategies and risk management, through major economic data and trendlines, all the basics of Forex are covered. Watch today's lesson: Day 21 − The Fundamentals −Market Correlations