Monday, Sep 01, 11:14 GMT
U.S. Trading Newsletter
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Forex Blogs
Eurozone: UK data and Darling's statement
The Advisor Blog: Majors for Today by Valeria Bednarik
The Gbp/Usd seems heavily oversold, so we could expect a correction above 1.8082 first to 1.8115 and then to 1.8160 zone. To the downside, 1.8005 should hold for today.
Trade Setups: Darling I love you... by Phil Newton
FX Market Readings: Taking advantage of holidays by Dr. S. Sivaraman
Live Sessions Schedule
Weekly Webinar: 1st on Forex − The Week Ahead
Expert: Jerry Furst
Start: Mon, Sep 1, 16:00 GMT
Sponsored by: 
Type of Session: Webinar
Derek Frey's Outlook
Expert: Derek Frey
Start: Mon, Sep 1, 14:00 GMT
Sponsored by: 
Type of Session: Webinar
| Sponsored by | ||||
| Mon, Sep 1, 12:00 GMT | US Pre−Market Open  | Ed Ponsi | WBN |  |
| Mon, Sep 1, 13:30 GMT | US Session Open | Ed Ponsi | WBN | |
| Mon, Sep 1, 16:00 GMT | Weekly Webinar: 1st on Forex − The Week Ahead | Jerry Furst | WBN | |
| Tue, Sep 2, 08:00 GMT | Outlook for the major currencies this week | Ian Copsey | WBN | |
Current Session: Europe − U.S.
GBP/USD
Daily Trading Forecast − Keeping The Powder Dry Today by Swiss e Trade AG
The Forex week started with continued strength for the dollar, especially against the British pound, where the fundamentals are increasingly turning against the UK currency.
With an opening gap, cable opened weaker against the dollar, currently trading sideways at 1.8051 with low volatility and only a slight upward tone. We see an upmove in today's trading, testing the 1.8100 level before falling back again.
- Majors for Today by Valeria Bednarik, Analyst at MolFX − Management
- Institutional Trading Strategies by John Jagerson, Founder Profiting With Forex
- Check out how pairs moved: Live Currency Rates & Charts
Other Topics for this Session:
Daily Forex News − Forex − Sterling lost 8.61% in August vs Dollar by ACM − Advanced Currency Markets
Weekly Report
Chart of the Week − Unwinding Carry Trades Make The Low Yields Gain by FXstreet.com
Majors at a Glance
- EUR/USD
- Trades below pivot level 1.4693
09/01/2008 10:24 GMT - GBP/USD
- Trades below second support level 1.8078
09/01/2008 10:25 GMT - USD/CHF
- Drops below pivot level 1.0991
09/01/2008 10:25 GMT - USD/JPY
- Continues to move down below second support level 107.79
09/01/2008 10:25 GMT
Analyst Sentiment Index (ASI)
Analysts Sentiment Index - EUR/USD
**Source : ActionForex.com, CMS Forex, Danske Bank A/S, FXstreet.com, Global Forex Trading, Mizuho Corporate Bank
[ View ASI page ] [ View EUR/USD page ]
Charting the Market Movers
EUR USD, Hourly
GBP USD, Hourly
Top Market Movers Preview
US ISM MANUFACTURING
| Date (GMT) | Event | Cons. | Previous | |
| Sep 2 | 14:00 | ISM Manufacturing | 49.8 | 50.0 |
Weekly Market View - Early employment indicator by FXstreet.com
In the U.S. ISM Manufacturing Index (Previous 50.0) is a remarkable event to watch. The Index considered as an early indicator for the non farm payrolls is a big event that is expected to generate moderate volatility for the USD against the other majors.
[ Full Story ]Top Market Movers Review
UK MORTGAGE APPROVALS
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Sep 1 | 08:30 | Mortgage Approvals | 33K | 35K | 35K |
UPDATE: UK Mortgage Approvals Hit Fresh Record Low In July (Dow Jones)
U.K. mortgage approvals slumped to a fresh record low in July as the credit crisis and economic uncertainty continued to weigh on the housing market, data from the Bank of England released Monday showed.
[ Full Story ]- UK mortgage approvals hit the lowest level ever in July (FXstreet.com)
- UK mortgage approvals fall to series low in July (Thomson Financial News)
- TABLE−UK July mortgage approvals fall to series low (Thomson Financial News)
EMU PURCHASING MANAGER INDEX MANUFACTURING
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Sep 1 | 08:00 | Purchasing Manager Index Manufacturing | 47.6 | 47.5 | 47.4 |
Euro Zone manufacturing activity continues contracting in August (FXstreet.com)
Euro Zone's manufacturing sector's activity has continued contracting in August, for the third consecutive month, according to the latest Purchasing Manager's Index.
[ Full Story ]- This Month's Worldwide PMI Survey Data by NTC Research
- UPDATE: Euro−Zone Aug Mfg PMI Contracts For 3rd Month In Row (Dow Jones)
- Euro−Zone Aug Mfg PMI Contracts For 3rd Straight Month (Dow Jones)
- POLL−TABLE−Eurozone Aug final factory PMI 47.6 (Thomson Financial News)
Switzerland SVME − PURCHASING MANAGERS' INDEX
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Sep 1 | 07:30 | SVME − Purchasing Managers' Index | 52.5 | 53.2 | 54.1 |
Swiss PMI continues declining in August (FXstreet.com)
Swiss Purchasing Manager's index has declined in August for its fourth consecutive time, although it still remains somewhat above the minimum level of expansion.
[ Full Story ]- SVME Purchasing Managers' Index by Credit Suisse
- UPDATE 1−Swiss PMI at 3−yr low, shows easing price pressures (Thomson Financial News)
- INSTANT VIEW 1−Swiss PMI hits new 3−year low in August (Thomson Financial News)
- TABLE−Swiss PMI falls to 52.5 points in August (Thomson Financial News)
Economic Events
| Date (GMT) | Country | Event | Actual | Cons. | Previous | |
| Sep 1 | 00:00 | US | Labor Day Holiday | |||
| 08:30 | UK | M4 Money Supply (YoY) (Jul) | 11.2% | 11.3% |
||
| 08:30 | UK | Mortgage Approvals (Jul) | 33K | 35K | 35K |
|
| 08:30 | UK | Net Consumer Credit (Jul) | £1.1B | £0.8B | £0.9B | |
| 08:30 | UK | Net Lending to Individuals (Jul) | £4.3B | £3.8B | £4.0B | |
| 08:30 | UK | Purchasing Manager Index Manufacturing (Aug) | 45.9 | 44.0 | 44.1 |
|
| 23:30 | JP | Monetary Base (YoY) (Aug) | -0.7% | |||
| Sep 2 | 01:00 | JP | BoJ's Governor Shirakawa Speech | |||
| 01:30 | AU | Building Permits (MoM) (Aug) | 0.5% | -0.7% | ||
| 01:30 | AU | Building Permits (YoY) (Aug) | -6.4% | -7.8% | ||