Thursday, Sep 03, 07:33 GMT
EUROPEAN Trading Newsletter
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To Get Started
- Don't miss the Non-farm Payrolls Live Coverage Special 40th edition. With Wayne McDonell. Amazing prizes awaiting for you!
- Forex Trading Workshop - London – 20th & 21st September 2009, conducted by Fibonacci expert Sunil Mangwani
- New Blogger in town! We are very glad to introduce you César B. Leiceaga and his Tech Trading blog
- WEBINAR VIDEOS: The End of the Dollar Asset Bubble by Joseph Trevisani
- All the events of the day in our Economic Calendar
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Forex Blogs
FX Market Readings: Expected market moves before and after ECB by Dr. S. Sivaraman
Yesterday EURO and GBP made the gains and making further gains nominally during japanese session and gap time before European session.
The Disciplined Trader: EUR/USD in well defined range by Pierre Charlebois
The Day Job Trader: GBP/USD Bargain Day, Looking For a Sell… by Ryan O'Keefe
Sponsored by 
Live Sessions Schedule
Live Look at Today's Markets
Expert: Derek Frey
Start: Thu, Sep 3, 17:00 GMT
Sponsored by: 
Type of Session: Webinar
Trading Day's Live Wrap Up
Expert: Valeria Bednarik
Start: Thu, Sep 3, 22:30 GMT
Type of Session: Webinar
| Sponsored by | ||||
| Thu, Sep 3, 11:00 GMT | FX Instructor Live Trading Room  | Mark De La Paz | WBN |  |
| Thu, Sep 3, 17:00 GMT | Live Look at Today's Markets | Derek Frey | WBN | |
| Thu, Sep 3, 22:30 GMT | Trading Day's Live Wrap Up | Valeria Bednarik | WBN |  |
| Fri, Sep 4, 05:00 GMT | Asian Session: Live Market Analysis | Dr.S.Sivaraman | WBN | |
Current Session: Europe
Dropping towards July's low at 91.73
Mizuho Corporate Bank − Dropping towards July's low at 91.73, the nine−day moving average limiting highs and putting the US dollar into oversold territory. A break below 91.50 should see implied at−the−money volatility increase significantly and increasing bearish momentum.
Strategy: Sell at 92.40, adding to 93.00; stop above 93.55. Short term target 92.00/91.75 with moves below here likely to becoming increasingly erratic.
EUR/USD
The Euro versus Dollar pair was able to maintain trading above 1.4250 by ecPulse.com
The Euro versus Dollar pair was able to maintain trading above 1.4250 yesterday, where it is currently attempting to gather enough bullish momentum to incline towards breaching 1.4375
GBP/USD
Hourly Trend is Turning Down while 16385 holds and Daily Trend is Sideways by Precise Trader
The Hourly Oscillators are Bearish but Weak and the price is Within the MA, so CAUTIOUS approach is needed for the Bears. Hourly Trend is Turning Down while 16385 holds and Daily Trend is Sideways.
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
EMU ECB INTEREST RATE DECISION
| Date (GMT) | Event | Cons. | Previous | |
| Sep 3 | 11:45 | ECB Interest Rate Decision | 1% | 1% |
ECB preview: The end of too downbeat projections by Danske Bank A/S
The ECB is set to keep the interest rate on hold and has not announced new nonstandard measures, nor will it begin to outline an exit strategy. The most interesting release is likely to be the ECB staff macroeconomic projections. It ought to revise its downbeat growth projection significantly upward immediately, but it will probably choose to do so in smaller steps.
[ Full Story ]Top Fundamental Stories - Europe Ahead: Important Data in the Euro Zone Ahead of the ECB's Interest Rate Decision by ecPulse.com
Research Euroland - Arguments for ECB to hike in 2010 by Danske Bank A/S
Top Market Movers Review
Australia TRADE BALANCE
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Sep 3 | 01:30 | Trade Balance | -1156M | -840M | -538M |
DATA SNAP: Australia July Trade Deficit A$1.56B (Dow Jones)
Australia's seasonally adjusted balance on trade in goods and services widened to a deficit of A$1.56 billion in July from a deficit of A$538 million in June, the Australian Bureau of Statistics said Thursday. The figure is wider/narrower than analysts' expectations for a deficit of A$850 million.
[ Full Story ]- Read the Trade Balance data at Australian Bureau of Statistics
- DATA SNAP: Australia July Trade Deficit Data Table (Dow Jones)
Economic Events
| Date (GMT) | Country | Event | Actual | Cons. | Previous | |
| Sep 2 | 15:30 | US | Fed's Lockhart speech | |||
| 18:00 | US | FOMC Minutes | ||||
| Sep 3 | 01:30 | AU | Trade Balance | -1156M | -840M | -538M |
| 03:00 | NZ | ANZ Commodity Price | 4.3% | 1.0% | ||
| 08:00 | EMU | Purchasing Manager Index Services (Aug) | 49.5 | 45.7 | ||
| 08:30 | UK | Purchasing Manager Index Services (Aug) | 53.9 | 53.2 | ||
| 09:00 | EMU | Retail Sales (MoM) (Jul) | 0.3% | -0.2% | ||
| 09:00 | EMU | Retail Sales (YoY) (Jul) | -2.2% | -2.4% | ||
| 11:45 | EMU | ECB Interest Rate Decision | 1% | 1% | ||
| 12:30 | US | Continuing Jobless Claims (Aug 22) | 6130K | 6133K | ||
Educational Resources
Most traders don't really know where to begin their educational journey. Todd Krueger explores volume analysis techniques: supercharge your chart−reading skills by combining Wyckoff Volume Analysis with candlestick patterns.
Read the whole article of our new Education Contributor YourForexEdge Magazine!