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European Stocks Trade Sideways

Economic Moves: The economic calendar is loaded with important reports during the U.S. session. At 8:15 a.m. EDT investors will get the ADP Non-Farm Employment report. Investors might use the ADP numbers to gauge Friday's nonfarm payrolls report, which usually has a very strong effect in the global markets. The last three ADP reports came in worse than expected. At 08:30 a.m., the monthly Canadian gross domestic product report may show that the economy expanded 0.4% in July, the most in almost a year.

Crude oil for October delivery was recently trading at $67.40 a barrel, up 70 cents. Crude oil continues struggling to break above the $67.50 area, where it topped since the beginning of the week. A break above this level can only come on positive S&P futures and on a market able to sell the dollar. At 10:30 a.m., the market will get the crude oil inventories report.

Gold for October delivery was recently trading up by $7 to $1.001.50. Gold managed to break above the $1,000 area for the first time in almost a weak. The breakout came during the European session, as the precious metal gathered additional momentum.
The London Forex Broadsheet (known as TheLFB) is a is a global forex trader portal based in the U.S. TheLFB's mission is to educate retail and institutional clients on the links that bridge the trader and investor to the free-flowing global market. It serves the needs and develops the skills of forex trading clients with its 30 years of trading and market experience.

TeamLFB maximizes a forex trader's day with support that instills discipline, confidence and structure, enabling the only daily variable to be market-driven. TheLFB service offerings include a mix of complimentary and subscription-based products that cover trade signals, professional grade currency and commodity analysis, comprehensive charting overviews, as well as daily trade desk video reviews. The trader news feed is a proprietary offering that gauges 24-hour market sentiment, guiding all levels of traders on the nuances of each new trading day.

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