Tuesday, Sep 02, 11:23 GMT
U.S. Trading Newsletter
Forex Blogs
Recommended Readings
Postcards from the Right Edge: New EUR/USD Trade! by Rob Booker
It's great to be back. Here's the next trade. Here's a baseline on the EUR/USD. The green baseline will be our profit target on a buy trade. How do we know when we're going to take the buy trade? We wait until a blue entryline has been broken.
The Advisor Blog: Eur/Usd and Gbp/Usd update by Valeria Bednarik
FX Market Readings: Continuation of moves by Dr. S. Sivaraman
Live Sessions Schedule
The Weather Report: Ichimoku Cloud Trading
Expert: Chris Capre
Start: Tue, Sep 2, 14:00 GMT
Type of Session: Webinar
Profitable Day Trading in the Forex and Related Markets Series: Chapter IV
Expert: Markus Heitkoetter
Start: Tue, Sep 2, 16:00 GMT
Sponsored by: 
Type of Session: Webinar
| Sponsored by | ||||
| Tue, Sep 2, 11:00 GMT | FX Instructor Live Trading Room  | Mark De La Paz | WBN |  |
| Tue, Sep 2, 12:00 GMT | US Pre−Market Open | Ed Ponsi | WBN |  |
| Tue, Sep 2, 13:30 GMT | US Session Open | Ed Ponsi | WBN | |
| Tue, Sep 2, 14:00 GMT | The Weather Report: Ichimoku Cloud Trading | Chris Capre | WBN | |
Current Session: Europe − U.S.
GBP/USD
Daily Forex News − Forex − Sterling and Euro dropped sharply against Dollar and Yen by ACM − Advanced Currency Markets
Cable dropped to 1.7850 low yesterday, new initial support. Yesterday sharp move broke 1.7936 19th April high. Strong support holds 1.7251 3rd April low. On the upside, initial resistance holds 1.8795 last 2−weeks high. Former support 1.9363 holds also strong resistance. Key level holds 2.0100 resistance.
- Eur/Usd and Gbp/Usd update 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
Banks' Analysis
Technical Analysis: Currencies − EUR/CHF by Mizuho Corporate Bank
Currency Performance Report
Action Bias Summary Table − Action Bias Summary Table by ActionForex.com
Majors at a Glance
- EUR/USD
- Continues to move down below second support level 1.4500
09/02/2008 09:48 GMT - GBP/USD
- Continues to move down towards third support level 1.7778
09/02/2008 09:48 GMT - USD/CHF
- Continues to move up above second resistant level 1.1102
09/02/2008 09:49 GMT - USD/JPY
- Moves up above first resistant level 108.65
09/02/2008 09:49 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 |
Monitor - USA: Preview on August's ISM by Danske Bank A/S
July's ISM index fell back to 50.0 following the surprise increase to 50.2 in June. New orders dropped to 45.0 from June's 49.6 and the inventory index declined to 45.0 from 51.2, suggesting the inventory adjustment is still ongoing.
[ Full Story ]Daily Forex Commentary - Yen on the rise and ISM on the agenda by Jyske Bank
Daily Forex Technical Report − Aussie Soft after RBA Cut, Dollar Remains Firm ahead of ISM by ActionForex.com
Top Market Movers Review
EMU PRODUCER PRICE INDEX
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Sep 2 | 09:00 | Producer Price Index (MoM) | 1.1% | 1.3% | 1.0% |
| Sep 2 | 09:00 | Producer Price Index (YoY) | 9.0% | 9.1% | 8.0% |
DATA SNAP: Euro−Zone Jul PPI Hits Fresh High On Energy Costs (Dow Jones)
Euro−zone producer prices hit a fresh annual high in July, pushed up by soaring energy costs. Prices of goods leaving euro−zone factory gates rose 9.0% on the year in July, after rising 8.0% on the year in June, data from European Union statistics agency Eurostat showed Tuesday.
[ Full Story ]- Read the PPI data at Eurostat
- TABLE−Euro zone July industry output up by 1.1 pct y/y (Thomson Financial News)
- Euro zone PPI jumps less than expected in July (Thomson Financial News)
- Euro Zone PPI posts record jump in July on energy prices (FXstreet.com)
Switzerland GROSS DOMESTIC PRODUCT S.A.
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Sep 2 | 05:45 | Gross Domestic Product (YoY) | 2.3% | 2.4% | 3.0% |
| Sep 2 | 05:45 | Gross Domestic Product s.a. (QoQ) | 0.4% | 0.2% | 0.3% |
UPDATE 1−Swiss growth picks up in Q2, inflation eases from high (Thomson Financial News)
The Swiss economy unexpectedly regained some momentum in the second quarter as solid consumer spending and robust exports outweighed a drop in company investment, data showed on Tuesday.
[ Full Story ]- Read the GDP data at SECO
- INSTANT VIEW 1−Swiss Q2 growth picks up, inflation eases in Aug (Thomson Financial News)
- Swiss growth picks up in Q2, inflation eases in Aug (Thomson Financial News)
- Switzerland Gross Domestic Product increases to 0.4% in the 2Q; 2.3% up year on year (FXstreet.com)
Economic Events
| Date (GMT) | Country | Event | Actual | Cons. | Previous | |
| Sep 2 | 05:45 | CH | Consumer Price Index (MoM) (Aug) | -0.3% | -0.1% | -0.4% |
| 05:45 | CH | Consumer Price Index (YoY) (Aug) | 2.9% | 3.1% | 3.1% | |
| 05:45 | CH | Gross Domestic Product (YoY) (2Q) | 2.3% | 2.4% | 3.0% | |
| 08:30 | UK | PMI Construction (Aug) | 40.5 | 36.0 | 36.7 | |
| 09:00 | EMU | Producer Price Index (MoM) (Jul) | 1.1% | 1.3% | 1.0% |
|
| 09:00 | EMU | Producer Price Index (YoY) (Jul) | 9.0% | 9.1% | 8.0% | |
| 14:00 | US | Construction Spending (MoM) (Jul) | -0.5% | -0.4% | ||
| 14:00 | US | ISM Manufacturing (Aug) | 49.8 | 50.0 | ||
| 21:00 | US | ABC/Washington Post Consumer Confidence (Aug 31) | -50 | |||
| 23:01 | UK | Nationwide Consumer Confidence (Aug) | 49 | 51 | ||