Tuesday, Sep 08, 07:26 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
- WEBINAR VIDEOS: Drilling down, Support and Resistance by Triffany Hammond
- All the events of the day in our Economic Calendar
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Forex Blogs
FX Market Readings: Momentum moves by Dr. S. Sivaraman
Yesterday GBP dropped quickly as if it cannot rise till Thursday− the hype created created the feel and now it is firming up against the sentiment created.
The advisor Blog: Gbp/Usd under selling pressure: read the rumors by Valeria Bednarik
FX Bootcamp: Inter-market correlations by Curt Wehrley
Sponsored by 
Live Sessions Schedule
London Session Scenarios on GBPUSD & GBPJPY
Expert: Mihai Marinescu
Start: Tue, Sep 8, 08:00 GMT
Type of Session: Webinar
The Weather Report: Ichimoku Cloud Trading
Expert: Chris Capre
Start: Tue, Sep 8, 14:00 GMT
Type of Session: Webinar
| Sponsored by | ||||
| Tue, Sep 8, 08:00 GMT | London Session Scenarios on GBPUSD & GBPJPY | Mihai Marinescu | WBN |  |
| Tue, Sep 8, 12:00 GMT | US Pre−Market Open  | Ed Ponsi | WBN | |
| Tue, Sep 8, 13:30 GMT | US Session Open | Ed Ponsi | WBN | |
| Tue, Sep 8, 14:00 GMT | The Weather Report: Ichimoku Cloud Trading | Chris Capre | WBN | |
Current Session: Europe
Preparing to re−test this year's high (1.4448)
FXstreet.com Independent Analyst Team − Preparing to re−test this year's high (1.4448). The Euro is no longer overbought and momentum is bullish, and could increase on a daily close above 1.4350.
Strategy: Attempt longs at 1.4345; stop below 1.4170. Short term target 1.4375, then 1.4445
GBP/USD
Forex: GBP/USD: Pound jumps to 1.6415 on rising stocks and gold prices by FXstreet.com
The Pound has gained upside momentum against the Dollar, and supported by possitive stock markets and Gold prices breaking above $100.00, the Pound has risen from levels below 1.6350 to hit 1.6415
USD/JPY
Forex: USD/JPY: Dollar dips lower; breaks below 92.70 by FXstreet.com
The Dollar is weakening moments ahead of the European session opening and the USD/JPY falls further away from Monday's high at 93.30, as the pair broke below 92.70 to reach session low at 92.53 so far
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
UK BOE INTEREST RATE DECISION
| Date (GMT) | Event | Cons. | Previous | |
| Sep 10 | 11:00 | BoE Interest Rate Decision | 0.5% | 0.5% |
Friday Notes - UK, BoE: Repo rate on hold by UniCredit Group
The BoE should keep the repo rate unchanged this month, and introduce no changes to the outstanding APF. The August Inflation Report clearly indicated that market expectations (for a first rate hike in Q1 2010) were too aggressive, given that nominal demand remains very much subdued despite the ongoing QE program.
[ Full Story ]Top Market Movers Review
Germany TRADE BALANCE
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Sep 8 | 06:00 | Trade Balance | 13.9B | 11.2B | 12.1B |
UPDATE: German July Adj Exports +2.3% MM; Up 3rd Mo In A Row (Dow Jones)
[ Full Story ]- Read the Trade Balance data at German Statistics
- DATA SNAP: German Adj Exports +2.3% MM In July, Imports Unch (Dow Jones)
- Germany Jul Trade surplus rises to 13.9B from 12.1B (FXstreet.com)
Economic Events
| Date (GMT) | Country | Event | Actual | Cons. | Previous | |
| Sep 8 | 05:00 | JP | Eco Watchers Survey: Outlook (Aug) | 44.0 | 44.9 | |
| 05:45 | CH | Unemployment Rate (Aug) | 3.8% | 3.9% | 3.7% | |
| 05:45 | CH | Unemployment Rate s.a. (Aug) | 4.0% | 4.1% | 3.9% |
|
| 06:00 | DE | Trade Balance (Jul) | 13.9B | 11.2B | 12.1B |
|
| 08:30 | UK | Industrial Production (MoM) (Jul) | 0.3% | 0.5% | ||
| 08:30 | UK | Industrial Production (YoY) (Jul) | -10.1% | -11.1% | ||
| 08:30 | UK | Manufacturing Production (MoM) (Jul) | 0.3% | 0.4% | ||
| 08:30 | UK | Manufacturing Production (YoY) (Jul) | -11.1% | -11.7% | ||
| 10:00 | DE | Industrial Production s.a. (MoM) (Jul) | 1.6% | -0.1% | ||
| 10:00 | DE | Industrial Production s.a. w.d.a. (YoY) (Jul) | -15.8% | -18.1% | ||
Educational Resources
Video Forex Trading Program: Day 25 − Trading Techniques − Best time to trade
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 25 − Trading Techniques − Best time to trade
Related Resources
Watch previous lessons of Forex 30-day Trading Program by 4Xlounge
Forex Jump-Start: Beginners Video Course by 4xLounge