Friday, Sep 04, 07:27 GMT
EUROPEAN Trading Newsletter
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International Traders Conference
LAST SEATS AVAILABLE!
Don't miss the third edition of FXstreet.com's International Traders Conference (ITC) on October 14-16, 2009 in Barcelona. Live Trading next to the experts.
This year's key speakers panel: Valeria Bednarik, Rob Booker, James Chen, Kim Cramer Larsson, Markus Heitkoetter, Ashraf Laidi and Andrei Pehar.
Limited to 60 seats! Register now!
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 moves for week end when NFP data is in focus by Dr. S. Sivaraman
EURO and GBP made the rise yesterday during European session and made the drop for ECB event.They were expected to recover from mid US session but were holding near low as the players were buying against their selling in thin volume condition.
The Disciplined Trader: Alternate possibility on EUR/USD by Pierre Charlebois
Chartology: EUR/USD Testing Downtrend Line on 15 min by Raghee Horner
Sponsored by 
Live Sessions Schedule
SPECIAL EVENT: Trade Non−Farm Payrolls LIVE − 40th Edition
Expert: Wayne McDonell
Start: Fri, Sep 4, 11:30 GMT
Sponsored by: 
Type of Session: Webinar
| Sponsored by | ||||
| Fri, Sep 4, 11:30 GMT | SPECIAL EVENT: Trade Non−Farm Payrolls LIVE − 40th Edition | Wayne McDonell | WBN | |
| Mon, Sep 7, 12:00 GMT | US Pre−Market Open  | Ed Ponsi | WBN |  |
| Mon, Sep 7, 13:30 GMT | US Session Open | Ed Ponsi | WBN | |
| Mon, Sep 7, 16:00 GMT | Weekly Webinar: 1st on Forex − The Week Ahead | Jerry Furst | WBN |  |
Current Session: Europe
USD/JPY: 9−day MA could limit highs and lead to furteh decline
Mizuho Corporate Bank − Bouncing slowly from a low at 91.94 yesterday, ahead of July's low at 91.73. With a little luck the nine−day moving average will again limit highs leading to a concerted downside test late today. A break below 91.50, possibly with a gap lower over the weekend, should see implied at−the−money volatility increase significantly and increasing bearish momentum.
GBP/USD
Cable corrected to the downside to retest the cluster support area at 1.6305 by ecPulse.com
The Cable corrected to the downside to retest the cluster support area at 1.6305, after surging yesterday. Momentum indicators are neutral and we wait for an incline on the intraday basis, after building a base at 1.6305
EUR/USD
EURUSD a new resistance was created at 1.4326 by Forex−Trends.com
EURUSD a new resistance was created at 1.4326 where the gap between support at 1.4204 and resistance is lowered down comparing to yesterday, however this pair still remains in neutral position.
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
US NONFARM PAYROLLS
| Date (GMT) | Event | Cons. | Previous | |
| Sep 4 | 12:30 | Nonfarm Payrolls | -223K | -247K |
| Sep 4 | 12:30 | Unemployment Rate | 9.5% | 9.4% |
Daily World Market Update - ADP Points To Volatile NFP, Sterling Gains by World First UK Ltd
US ADP employment change was worse than expected setting up an ominous feeling for Friday's NFP release. Private sector jobs were 298,000 lower missing the consensus estimates of 250,000.
[ Full Story ]- GLOBAL MARKETS: European Stocks Seen Higher; Payrolls Eyed (Dow Jones)
- Asian markets edge up ahead of U.S. Payrolls; Euro and Pound ease (FXstreet.com)
Forex 30−day Trading Program - Day 7 − The Fundamentals − Non Farm Payrolls by 4xLounge
Top Market Movers Review
Switzerland CONSUMER PRICE INDEX
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Sep 4 | 07:15 | Consumer Price Index (YoY) | -0.8% | -0.7% | -1.0% |
| Sep 4 | 07:15 | Consumer Price Index (MoM) | 0.1% | 0.3% | -0.7% |
Swiss Aug CPI rises 0.1% MoM, falls 0.8% YoY (FXstreet.com)
[ Full Story ]- Read the CPI data at Swiss Statistics
Economic Events
| Date (GMT) | Country | Event | Actual | Cons. | Previous | |
| Sep 4 | 00:00 | G20 Meeting | ||||
| 07:15 | CH | Consumer Price Index (MoM) | 0.1% | 0.3% | -0.7% | |
| 07:15 | CH | Consumer Price Index (YoY) | -0.8% | -0.7% | -1.0% | |
| 11:00 | CA | Net Change in Employment | -20.0K | -7.4K | ||
| 11:00 | CA | Unemployment Rate | 8.8% | 8.6% | ||
| 12:30 | US | Average Hourly Earnings (MoM) (Aug) | 0.1% | 0.2% | ||
| 12:30 | US | Average Hourly Earnings (YoY) (Aug) | 2.2% | 2.5% | ||
| 12:30 | US | Average Weekly Hours (Aug) | 33.1 | 33.1 | ||
| 12:30 | US | Nonfarm Payrolls (Aug) | -223K | -247K | ||
| 12:30 | US | Unemployment Rate (Aug) | 9.5% | 9.4% | ||
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!