Thursday, Sep 04, 11:26 GMT
U.S. Trading Newsletter
LAST CAL OFFER: Only 550€ for the ITC
International Traders Conference 2008 − October 29−31
This year's topics are Trading Psychology, Emerging Markets Currencies, Hidden Divergence, Risk Management, Range Trading, Support and Resistance, Break Out Trading Strategies and Sentiment Indicators.
And there will be 3 LIVE TRADING sessions coached by our guest speakers!
Book now your seat for the ITC 2008 and Enjoy our LAST CALL OFFER: 550 €
- Speeches Schedule
- Speakers Panel
- Haven't you decided to go yet? − View all 2007 videos
Forex Blogs
Recommended Readings
FX Market Readings: Crosses on recovery… by Dr. S. Sivaraman
Players are known to make sequential reversal moves.They start with commodity pairs and then YEN crosses,then majors and finally European crosses.Today the commodity pairs and yen crosses could be the beneficiary in gaining the levels.
Trade Setups: Forex Video − Set ups 04 Sep '08 − Analysis by Phil Newton
FxBootcamp: Forex Video − News Trade Alert − September 4, 2008 by Wayne McDonell
Live Sessions Schedule
Main technical theme in the currency market
Expert: Jamie Saettele
Start: Thu, Sep 4, 13:00 GMT
Sponsored by: 
Type of Session: Webinar
Using Fibonacci Retracements to Find Trades
Expert: John Jagerson
Start: Thu, Sep 4, 14:00 GMT
Type of Session: Webinar
| Sponsored by | ||||
| Thu, Sep 4, 11:00 GMT | FX Instructor Live Trading Room  | Mark De La Paz | WBN |  |
| Thu, Sep 4, 12:00 GMT | US Pre−Market Open | Ed Ponsi | WBN |  |
| Thu, Sep 4, 13:00 GMT | Main technical theme in the currency market | Jamie Saettele | WBN | |
| Thu, Sep 4, 13:30 GMT | US Session Open | Ed Ponsi | WBN | |
Current Session: Europe − U.S.
USD/JPY
Market Session Snap−Shot − Asian Session − Japanese Yen rises against majors as Asian economies miss oil−fall benefit by ACM − Advanced Currency Markets
Yen rose against dollar to 108.12 yesterday and continued it's bullish advance into the Asian trading session. Japanese economic woes and abysmal data sees yen strong against high yielding currencies (NZD and AUD) pushed on by un−winding of carry trades. South Asian currencies missed the benefits of the lowering in commodities as recession fears continue.
- [url]Forex Video
- Analysis by Phil Newton, Developer of Trading Strategies at TradingStrategies.info
- Institutional Trading Strategies by John Jagerson, Founder Profiting With Forex
Other Topics for this Session:
Daily Trading Forecast − Testing the Dollar's Resolve by Swiss e Trade AG
Currency Performance
Action Bias Summary Table − Action Bias Summary Table by ActionForex.com
Majors at a Glance
- EUR/USD
- Moves up above opening price level 1.4496 , above pivot level 1.4471
09/04/2008 09:55 GMT - GBP/USD
- Moves up above first resistant level 1.7848
09/04/2008 09:55 GMT - USD/CHF
- Continues to move down below first support level 1.1011
09/04/2008 09:55 GMT - USD/JPY
- Moves up back around pivot level 108.49
09/04/2008 09:56 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
EMU ECB INTEREST RATE DECISION
| Date (GMT) | Event | Cons. | Previous | |
| Sep 4 | 11:45 | ECB Interest Rate Decision | 4.25% | 4.25% |
Central Banks: ECB and BoE - Preview of Sep 4 meetings by FXstreet.com
The BoE as well as the ECB's monetary policy committees will, most likely, keep interest rates on hold, amid fears of the economy worsening over the next quarters, which could put pressure on the Banks to cut rates over the coming months.
[ Full Story ]- 1st on Forex: Currencies Await UK and ECB Interest Rate Announcements by Jerry Furst
- FX Market Readings: BOE and ECB interest rate decisions −expected market moves for Today by Dr. S. Sivaraman
- FOREX−Dollar slips broadly, traders await ECB, BoE (Thomson Financial News)
- EUR/USD: The Euro recovered slightly ahead of the ECB rate decision (FXstreet.com)
Daily FX Report - The ECB and BoE are widely to leave interest rates at 4.25 % and 5.00 % by Varengold Wertpapierhandelsbank AG
KBC Flash - ECB to downplay decline in headline inflation by KBC Bank
Top Market Movers Review
UK BOE INTEREST RATE DECISION
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Sep 4 | 11:00 | BoE Interest Rate Decision | 5% | 5% | 5% |
Bank Of England Leaves Bank Rate Unchanged At 5.00% (Dow Jones)
The Bank of England left its key bank rate unchanged at 5.00% Thursday following a two−day monthly meeting of its Monetary Policy Committee. The decision to leave the rate unchanged was expected.
[ Full Story ]- Read the MPC Statement at BoE
- FX Market Readings: BOE and ECB interest rate decisions −expected market moves for Today by Dr. S. Sivaraman
- 1st on Forex: Currencies Await UK and ECB Interest Rate Announcements by Jerry Furst
- Bank of England holds interest rates at 5.0 pct (Thomson Financial News)
- The Bank of England maintains its Bank rate unchanged at 5.00% (FXstreet.com)
- BoE leaves Bank Rate unchanged at at 5% (FXstreet.com)
Daily FX Report - The ECB and BoE are widely to leave interest rates at 4.25 % and 5.00 % by Varengold Wertpapierhandelsbank AG
Central Banks: ECB and BoE - Preview of Sep 4 meetings by FXstreet.com
London Bullion Report - Gold consolidates, platinum under pressure ahead of rate news by The Bullion Desk
Germany FACTORY ORDERS S.A.
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Sep 4 | 10:00 | Factory Orders s.a. (MoM) | -1.7% | 0.0% | -2.6% |
| Sep 4 | 10:00 | Factory Orders n.s.a. (YoY) | -0.7% | -3.4% | -6.0% |
DATA SNAP: German Mfg Orders Drop For Eighth Month In July (Dow Jones)
German manufacturing orders fell in July for the eighth consecutive month due to weaker domestic demand, the German Ministry of Economics said Thursday, forecasting weak production for the coming months.
[ Full Story ]- Read the Factory Orders data at the BMWi [text in German]
- UPDATE 1−Recession fears rise on 8th German orders fall (Thomson Financial News)
- TABLE−German July manufacturing orders −1.7 pct m/m (Thomson Financial News)
- German factory orders decline again in July (FXstreet.com)
EMU economic indicators - Output in the German producing sector (July): down by BHF−Bank
Economic Events
| Date (GMT) | Country | Event | Actual | Cons. | Previous | |
| Sep 4 | 07:45 | SE | Riksbank Interest Rate Decision | 4.75% | 4.50% | |
| 08:00 | UK | Halifax House Prices (MoM) | -1.8% | -1.7% | ||
| 08:00 | UK | Halifax House Prices (YoY) (Aug) | -10.9% | -8.8% | ||
| 10:00 | DE | Factory Orders n.s.a. (YoY) (Jul) | -0.7% | -3.4% | -6.0% |
|
| 10:00 | DE | Factory Orders s.a. (MoM) (Jul) | -1.7% | 0.0% | -2.6% |
|
| 11:00 | UK | BoE Interest Rate Decision | 5% | 5% | 5% | |
| 11:45 | EMU | ECB Interest Rate Decision | 4.25% | 4.25% | ||
| 12:15 | US | ADP Employment Change (Aug) | -30K | 9K | ||
| 12:30 | US | Continuing Jobless Claims (Aug 23) | 3425 | 3423K | ||
| 12:30 | EMU | ECB Trichet's Speech | ||||