Monday, Sep 07, 11:17 GMT
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International Traders Conference
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Don't miss the third edition of FXstreet.com's International Traders Conference (ITC) on October 14-16, 2009 in Barcelona. Live Trading next to the experts.
This year's key speakers panel: Valeria Bednarik, Rob Booker, James Chen, Kim Cramer Larsson, Markus Heitkoetter, Ashraf Laidi and Andrei Pehar.
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To Get Started
- WEBINAR VIDEOS: Drilling down, Support and Resistance by Triffany Hammond
- All the events of the day in our Economic Calendar
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Forex Blogs
FX Market Readings: Week beginning expected market moves by Dr. S. Sivaraman
After recover move on Friday,EURO and GBP made the brief rise during start of Japanese session and made contrarian moves − firming up in EURO and USD/YEN and dip in GBP to handle the respective crosses.
CEO'S Weblog: m.fxstreet.com Mobile keeps breaking highs by Francesc Riverola
FX Bootcamp: Weekly Pivot Points by Curt Wehrley
Sponsored by 
Live Sessions Schedule
Weekly Webinar: 1st on Forex − The Week Ahead
Expert: Jerry Furst
Start: Mon, Sep 7, 16:00 GMT
Sponsored by: 
Type of Session: Webinar
Trading Around Your Day Job
Expert: Ryan O'Keefe
Start: Mon, Sep 7, 19:00 GMT
Type of Session: Webinar
| Sponsored by | ||||
| Mon, Sep 7, 12:00 GMT | US Pre−Market Open  | Ed Ponsi | WBN |  |
| Mon, Sep 7, 13:30 GMT | US Session Open | Ed Ponsi | WBN | |
| Mon, Sep 7, 16:00 GMT | Weekly Webinar: 1st on Forex − The Week Ahead | Jerry Furst | WBN | |
| Mon, Sep 7, 19:00 GMT | Trading Around Your Day Job | Ryan O'Keefe | WBN | |
Current Session: Europe − U.S.
A bearish correction might take place in the nearest future
ForexYard − There is a bearish cross forming on the 4− hour chart's Slow Stochastic indicating a bearish correction might take place in the nearest future. The downward direction on the daily chart's Slow Stochastic also supports this notion. When the downward breach occurs, going short with tight stops appears to be preferable strategy.
EUR/USD
A sideways consolidation is formed in the short term between 1,4180−00 and 1,4380−00 by FXGreece
A sideways consolidation is formed in the short term between 1,4180−00 and 1,4380−00 area. The area of 1,4380−00 is tested again and bears are likely to gain momentum
USD/JPY
The three days old uptrend continued in this European morning by Mataf.net
Now in a sligh downward correction from highs around 93.30 to currently 93.05. We see this correction about to be finished, and a later pick up of the uptrend again, leading today towards the 93.60 level.
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
UK INDUSTRIAL PRODUCTION
| Date (GMT) | Event | Cons. | Previous | |
| Sep 8 | 08:30 | Industrial Production (YoY) | - | -11.1% |
| Sep 8 | 08:30 | Industrial Production (MoM) | - | 0.5% |
Friday Notes - UK Industrial production: Edging up by UniCredit Group
We expect a further 0.2% mom increase in industrial production in July, which would bring the yoy rate up to −10.1% vs. −11% in July. Our forecast, if correct, would match the indication from business surveys (both from the CBI and PMI surveys) that reviving global demand for UK products together with a turnaround in the inventory cycle encouraged firms to resume activity.
[ Full Story ]Top Market Movers Review
Germany FACTORY ORDERS S.A.
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Sep 7 | 10:00 | Factory Orders n.s.a. (YoY) | -19.8% | - | -25.2% |
| Sep 7 | 10:00 | Factory Orders s.a. (MoM) | 3.5% | 2.0% | 3.8% |
DATA SNAP: German Industry Gets Strong Orders In July (Dow Jones)
German manufacturing orders rose strongly in July in yet another indication that the worst of the financial crisis appears to have passed, with private−sector confidence returning.
[ Full Story ]- Read the Factory Orders data at BMWi [text in German]
- German factory orders grow above expectations in July; Euro little moved (FXstreet.com)
- Germany Jul Factory Orders rise 3.5% MoM and fall 19.8% YoY (FXstreet.com)
Top Fundamental Stories - Europe Ahead: German Factory Orders are to Expand For the Fifth Month in July by ecPulse.com
Friday Notes - Germany, New orders: Demand recovers rapidly by UniCredit Group
Economic Events
| Date (GMT) | Country | Event | Actual | Cons. | Previous | |
| Sep 7 | 00:00 | US | Labor Day Holiday | |||
| 01:30 | AU | ANZ Job Advertisements (Aug) | 4.1% | -1.7% | ||
| 06:30 | AU | Foreign Reserves (Aug) | 55.4B | 53.2 | ||
| 08:30 | EMU | Sentix Investor Confidence (Sep) | -14.6 | -13.5 | -17.0 | |
| 10:00 | DE | Factory Orders n.s.a. (YoY) (Jul) | -19.8% | -25.2% |
||
| 10:00 | DE | Factory Orders s.a. (MoM) (Jul) | 3.5% | 2.0% | 3.8% |
|
| 23:01 | UK | RICS House Price Balance (Aug) | -0.1% | -8.1% | ||
| 23:50 | JP | Adjusted Current Account (Jul) | ¥1410.0B | ¥1798.8B | ||
| 23:50 | JP | Money Supply M2+CD (YoY) (Aug) | 2.7% | 2.5% | ||
| 23:50 | JP | Trade Balance − BOP Basis (Jul) | ¥602.2B | |||
Educational Resources
Where Most People Get It Wrong
With so much education on how to properly speculate in markets out there, why is it that most people lose money? How can this be? The answer is twofold and is the focus of this piece. Read whole Sam Seiden's article!
Other articles of this week's Lessons from the Pros
An Uncomfortable Choice - Article by John Mauldin
Being Honest With Yourself - Article by Don Dawson
Premium Juice - Article by Online Trading Academy Team
FX Trading as a Business or Hobby…You Decide - Article By Online Trading Academy Team