Analogy (Nitro+Abarth)



currently “battling” in the 1.2440 area, which mas marked yesterday. 

Provided sellers act in this area, it is likely it has seen it highest value, today. So far, lots of chop and rotation within the 1.2420-1.2445 value area in a narrow range.

1.2400 as first POC

1.2350s a first meaningful support

1.2500-1.2450 (area marked in orange) is the one Ill be watching, provided sellers do not take control in the current area.


Key Events in August & September… ($ES_F $MARKET $FX $EURUSD)



Dates to keep in mind during the next 2 monts

31: Euro Zone Unemployment; China Manufacturing PMI

1: FOMC policy decision; ISM Manufacturing PMI
2: ECB and BOE policy decisions
3: US payrolls and unemployment

7: Germany Factory Orders; UK Manufacturing
8: BOE inflation report; China CPI and PPI; BOJ policy decision; Germany Industrial Production
10: UK PPI; China Trade Balance

14: UK CPI; Germany Zew; US Retail Sales and PPI
15: US CPI and Industrial Production
16: US Housing Starts and Building Permits; Philly Fed Manufacturing Index
17: University of Michigan Consumer Sentiment; Germany PPI

21: FOMC minutes
22: Germany IFO Business Climate; US Existing Home Sales; China HSBC Flash Manufacturing PMI
23: German and other Europe Flash PMI readings; UK GDP revision; US New Home Sales
23-25: Fed Jackson Hole Symposium
24: US Durable Goods

27-30: Republican National Convention in Tampa Bay
28: US Consumer Confidence
29: US Q2 GDP revision; US Pending Home Sales
31: Chicago PMI; Euro Zone Unemployment 

2: China Manufacturing PMI and final HSBC Manufacturing PMI
3: UK Manufacturing PMI; US ISM Manufacturing PMI
3-6: Democratic National Convention in Charlotte
5: UK Services PMI; US ISM Non-Manufacturing PMI
6: ECB and BOE policy decisions
7: US payrolls and unemployment; China Trade Balance

10: China CPI and Industrial Production
11: US Trade Balance; UK Manufacturing Production
12: German Constitutional Court ruling on constitutionality of ESM
13: FOMC policy decision; US PPI
14: US CPI; US Retail Sales; Univ of Michigan Consumer Sentiment

16: ECOFIN meeting
18: UK CPI; German Zew Economic Sentiment; BOJ policy statement (tentative)
19: German IFO Business Climate; US Housing Starts and Building Permits and Existing Home Sales; China HSBC Flash Manufacturing PMI
20: German Flash Manufacturing PMI; Philly Fed Manufacturing

25: US Consumer Confidence
26: US New Home Sales
27: US Durable Goods; US Pending Home Sales; US Final Q2 GDP
28: Chicago PMI; Final Univ of Michigan Consumer Sentiment

30: China Manufacturing PMI; China HSBC Final Manufacturing PMI

Information courtesy of via CME Website.