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U.S. Trading Newsletter
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- Don't miss the Non-farm Payrolls Live Coverage Special 40th edition. With Wayne McDonell. Amazing prizes awaiting for you!
- Forex Trading Workshop - London – 20th & 21st September 2009, conducted by Fibonacci expert Sunil Mangwani
- New Blogger in town! We are very glad to introduce you César B. Leiceaga and his Tech Trading blog
- WEBINAR VIDEOS: The End of the Dollar Asset Bubble by Joseph Trevisani
- All the events of the day in our Economic Calendar
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Forex Blogs
FX Bootcamp: Trade Non−Farm Payrolls LIVE − Event & Contest! by Wayne McDonell
Dear FOREX trader, Trade the Non−Farm Payrolls LIVE with Wayne McDonell, Chief Currency Coach at FxBootcamp!
Tech Trading: USD/CHF Trade the Range by César B. Leiceaga
CEO's Blog: FXstreet Forex News approaching to all-time highs by Francesc Riverola
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Live Sessions Schedule
Live Look at Today's Markets
Expert: Derek Frey
Start: Thu, Sep 3, 17:00 GMT
Sponsored by: 
Type of Session: Webinar
Trading Day's Live Wrap Up
Expert: Valeria Bednarik
Start: Thu, Sep 3, 22:30 GMT
Type of Session: Webinar
| Sponsored by | ||||
| Thu, Sep 3, 17:00 GMT | Live Look at Today's Markets | Derek Frey | WBN | |
| Thu, Sep 3, 22:30 GMT | Trading Day's Live Wrap Up | Valeria Bednarik | WBN |  |
| Fri, Sep 4, 05:00 GMT | Asian Session: Live Market Analysis | Dr.S.Sivaraman | WBN | |
| Fri, Sep 4, 11:30 GMT | SPECIAL EVENT: Trade Non−Farm Payrolls LIVE − 40th Edition | Wayne McDonell | WBN |  |
Current Session: Europe − U.S.
We expect a break above 1.6382 to target directly 1.6663
www.deltastock.com − The pair is in a downtrend after peaking at 1.7042. Trading is situated between the 50− and 200−day SMA, currently projected at 1.6454 and 1.5258.
Current rebound above 1.6111 is impulsive in nature and we rather prefer the idea, that a significant bottom is already in place. Intraday bias is positive for 1.6382 major resistance with a risk limit below 1.6235. We expect a break above 1.6382 to target directly 1.6663.
EUR/USD
EUR/USD: (1.4274) Back above 1.4205 by KBC Bank
n channel off 1.3832 and currently back above 1.4205 (see graph).
Support area at 1.4237/ .4227 (daily Bollinger midline/ break−up hourly), with next levels at 1.4177/ .4171
USD/JPY
Dropping towards July's low at 91.73 by Mizuho Corporate Bank
Dropping towards July's low at 91.73, the nine−day moving average limiting highs and putting the US dollar into oversold territory.
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
EUR USD, Hourly
GBP USD, Hourly
Top Market Movers Preview
US ISM NON−MANUFACTURING
| Date (GMT) | Event | Cons. | Previous | |
| Sep 3 | 14:00 | ISM Non−Manufacturing | 48.2 | 46.4 |
US economic indicators - ISM indices (Aug): manufacturing index is the first to reach expansion threshold by BHF−Bank
The lower level of the ISM non−manufacturing index indicates that the road to economic recovery could remain bumpy, given high unemployment and tight credit conditions. We forecast that the ISM non−manufacturing index will have risen slightly to 47.5 in August, still indicating contraction outside of manufacturing.
[ Full Story ]Top Market Movers Review
EMU ECB INTEREST RATE DECISION
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Sep 3 | 11:45 | ECB Interest Rate Decision | 1% | 1% | 1% |
ECB keeps its Refi Rate unchanged at 1.0%; Euro remains at day highs (FXstreet.com)
The European Central Bank Monetary Policy Committee has decided to leave its Refi Rate unchanged at 1.0% after its monetary policy meeting.
[ Full Story ]- Read the Official Statement at the ECB
- ECB leaves its refi rate on hold at 1% (FXstreet.com)
- Forex: EUR/GBP declines to 0.8730 ahead the ECB rate decision (FXstreet.com)
- European markets little changed ahead ECB press release; Euro and Pound, on recovery (FXstreet.com)
European Market Update - ECB press conference more important that rate decision by TradeTheNews.com
Fundamental Currencies Comments - Higher Risk Appetite Ahead of the ECB Rate Decision by ecPulse.com
European Session: Waiting on the ECB by ACM − Advanced Currency Markets
Economic Events
| Date (GMT) | Country | Event | Actual | Cons. | Previous | |
| Sep 3 | 07:55 | DE | Purchasing Manager Index Services (Aug) | 53.8 | 54.1 | 48.1 |
| 08:00 | EMU | Purchasing Manager Index Services (Aug) | 49.9 | 49.5 | 45.7 | |
| 08:30 | UK | Purchasing Manager Index Services (Aug) | 54.1 | 53.9 | 53.2 | |
| 09:00 | EMU | Retail Sales (MoM) (Jul) | -0.2% | 0.3% | 0.0% |
|
| 09:00 | EMU | Retail Sales (YoY) (Jul) | -1.8% | -2.2% | -2.0% |
|
| 11:45 | EMU | ECB Interest Rate Decision | 1% | 1% | 1% | |
| 12:30 | US | Continuing Jobless Claims (Aug 22) | 6130K | 6133K | ||
| 12:30 | EMU | ECB Trichet's Speech | ||||
| 12:30 | US | Initial Jobless Claims (Aug 29) | 560K | 570K | ||
| 14:00 | US | ISM Non−Manufacturing (Aug) | 48.2 | 46.4 | ||
Educational Resources
Most traders don't really know where to begin their educational journey. Todd Krueger explores volume analysis techniques: supercharge your chart−reading skills by combining Wyckoff Volume Analysis with candlestick patterns.
Read the whole article of our new Education Contributor YourForexEdge Magazine!