Thursday, Oct 01, 07:40 GMT
EUROPEAN Trading Newsletter
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- All the events of the day in our Economic Calendar
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Forex Blogs
Tech Trading: USD/CAD At heavy support by César B. Leiceaga
The descendant wedge pattern was completed but the breakout seemed to be false, price action has severely retreated from key resistance at 1,1000. (see daily chart) and is now trying out a heavy support area comprehended between 1,0590 and 1,0670.
FX Market Readings: Expected market moves a day before NFP by Dr. S. Sivaraman
FX Path: EUR/GBP - Bearish Correction in Steep Uptrend by James Chen
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Live Sessions Schedule
Multiple Time Frame Analysis
Expert: Sam Seiden
Start: Thu, Oct 1, 12:00 GMT
Type of Session: Webinar
Live Look at Today's Markets
Expert: Derek Frey
Start: Thu, Oct 1, 17:00 GMT
Sponsored by: 
Type of Session: Webinar
| Sponsored by | ||||
| Thu, Oct 1, 11:00 GMT | FX Instructor Live Trading Room  | Mark De La Paz | WBN |  |
| Thu, Oct 1, 12:00 GMT | Multiple Time Frame Analysis | Sam Seiden | WBN |  |
| Thu, Oct 1, 13:00 GMT | Pip Movement Ranges for Better Trade Management | Raghee Horner | WBN | |
| Thu, Oct 1, 14:00 GMT | Volatility Trading Strategies to Perceive and Defeat Forex Volatility through Traditional Indicators | Mark Whistler | WBN | |
Current Session: Europe
Capped by the 9−day moving average, ahead of the ‘neckline' of a potential"H&S" top
Mizuho Corporate Bank − Capped by the 9−day moving average, ahead of the ‘neckline' of a potential ‘head−and−shoulders' top (which may well never work out and turn into a very large rectangle). Note that the Lagging Span is re−testing the bottom of a good−sized Ichimoku ‘cloud'. Expect more very cautious hesitation today.
EUR/JPY
Euro/Yen achieved short term objective of 131.85 and eased oversold conditions by Charmer Charts.com
Euro/Yen achieved short term objective of 131.85 and this eased the oversold conditions on the charts leaving it poised to come lower this session.
EUR/USD
EURUSD bulls can't keep up their strength for longer time by Investija.com
EURUSD bulls can't keep up their strength for longer time, and bears are controlling the situation. Trend line looks like broken, but however candles stays under support.
Analyst Sentiment Index (ASI)
Analysts Sentiment Index - EUR/USD
**Source : FXstreet.com, Financial Trend Analysis
[ View ASI page ] [ View EUR/USD page ]
Charting the Market Movers
USD JPY, Hourly
GBP USD, Hourly
Top Market Movers Preview
EMU UNEMPLOYMENT RATE
| Date (GMT) | Event | Cons. | Previous | |
| Oct 1 | 09:00 | Unemployment Rate | 9.6% | 9.5% |
US ISM MANUFACTURING
| Date (GMT) | Event | Cons. | Previous | |
| Oct 1 | 14:00 | ISM Manufacturing | 53.9 | 52.9 |
US: ISM preview, September by Danske Bank A/S
[ Full Story ]FX View - ISM contraction creates dollar chaos by Interactive Brokers LLC
Weekly Focus - US ISM and employment data is the main event next week by Danske Bank A/S
US PENDING HOME SALES
| Date (GMT) | Event | Cons. | Previous | |
| Oct 1 | 14:00 | Construction Spending (MoM) | -0.3% | -0.2% |
| Oct 1 | 14:00 | Pending Home Sales (MoM) | 0.9% | 3.2% |
US NONFARM PAYROLLS
| Date (GMT) | Event | Cons. | Previous | |
| Oct 2 | 12:30 | Nonfarm Payrolls | -188K | -216K |
Friday Notes - Monthly employment report: Still not out of the woods by UniCredit Group
As the recession ended and production keeps rising, the number of job losses has declined appreciably. The ongoing downward trend in initial jobless claims corroborates that, in particular, the pace of layoffs is slowing down.
[ Full Story ]Weekly Focus - US ISM and employment data is the main event next week by Danske Bank A/S
Top Market Movers Review
US ADP EMPLOYMENT CHANGE
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Sep 30 | 12:15 | ADP Employment Change | -254K | -200K | -277K |
UPDATE: ADP Survey Sees September US Private−Sector Jobs −254K (Dow Jones)
[ Full Story ]- Read full survey at ADP
- ADP Survey Sees September US Private−Sector Jobs −254K (Dow Jones)
- Forex: ADP employment lost 254k jobs; GBP/USD falls to 1.6050 (FXstreet.com)
- US Sep ADP report sees employment down by 254K (FXstreet.com)
Top Fundamental Stories - ADP Signals Jobs Losses Continue to Mount, While Pace of Contraction Seemingly Continued to Ease in the United States! by ecPulse.com
Top Fundamental Stories - A recovery is detected within the North−American continent … by ecPulse.com
Economic Events
| Date (GMT) | Country | Event | Actual | Cons. | Previous | |
| Oct 1 | 06:00 | DE | Retail Sales (MoM) (Aug) | -1.5% | 0.1% | 0.7% |
| 06:00 | DE | Retail Sales (YoY) (Aug) | -2.6% | -0.8% | -1.0% | |
| 06:30 | AU | RBA Commodity Index SDR (YoY) (Sep) | -32.3% | -30.4% |
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| 07:30 | CH | SVME − Purchasing Managers' Index (Sep) | 54.3 | 51.0 | 50.2 | |
| 07:55 | DE | Purchasing Manager Index Manufacturing (Sep) | 49.6 | 49.2 | ||
| 08:00 | EMU | Purchasing Manager Index Manufacturing (Sep) | 49.0 | 48.2 | ||
| 08:30 | UK | Purchasing Manager Index Manufacturing (Sep) | 50.2 | 49.7 | ||
| 09:00 | EMU | Unemployment Rate (Aug) | 9.6% | 9.5% | ||
| 12:30 | US | Core Personal Consumption Expenditure − Prices Index (MoM) (Aug) | 0.1% | 0.1% | ||
| 12:30 | US | Personal Consumption Expenditure Deflator (Aug) | -0.6% | -0.8% | ||