Thu, Jul 2 2009, 01:54 GMT
by Abdul Khan
Overview
Disappointing ADP report out last night, suggests tonight's Payrolls data could show about 500k job losses for the month. What is China thinking - talking up a new reserve currency again last night?
With the 4th July holiday coming up this weekend, im expecting the market action will wind down shortly after Payrolls is released today
Best to trade for small gains in this sort of market.
Gold bounced overnight on the back of the USD weakness, but remains range bound like the rest of the market, between 925-945
For those interested, I will be presenting webinars for FX Street every Friday at 0500GMT. Hope to see/hear you there.
Data for Today
EU: PPI
EU: ECB Meeting
US: Non-Farm Payrolls
US: Factory Orders
Trades for Today
USDJPY: Sell a break below 96.20
Email for details regarding stop-loss and profit targets. You can also now get me on twitter at:
http://twitter.com/forexplus
Published on Thu, Jul 2 2009, 02:00 GMT
Income Generation Strategies
| Level 26, Waterfront Pl. 1 Eagle Street, Brisbane, Qld. 4001
http://www.incomegenerationstrategy.com/ | abdul.khan@tricom.com.au
Daily US Opening News by RANsquawk
Fri, Nov 6 2009, 12:54 GMT
The best pair to trade now - EUR/USD: Reactions after Payrolls by FXstreet.com Independent Analyst Team
Fri, Nov 6 2009, 12:13 GMT
Central European Daily - CNB Bank Board narrowly voted for stable rates by KBC Bank
Fri, Nov 6 2009, 09:30 GMT
Timeframe Breakdowns - GBPUSD by Turtle Futures
Fri, Nov 6 2009, 09:22 GMT
Forex Chartist Technical Analysis - EURO/STG by Charmer Charts.com
Fri, Nov 6 2009, 09:21 GMT
Forex: EUR/USD: Euro post weekly gains
FXstreet.com | Fri, Nov 6 2009, 22:49 GMT
CURRENCIES: Dollar Dips Vs. Yen As Jobs Data Have Fed On Hold
Dow Jones | Fri, Nov 6 2009, 22:14 GMT
Mexico Stocks Close Higher As Peso Weakens; IPC Rises 0.5%
Dow Jones | Fri, Nov 6 2009, 21:42 GMT
U.S. markets ended with small gains, up for the week; Dollar mixed
FXstreet.com | Fri, Nov 6 2009, 21:32 GMT
Canada Afternoon: C$ Ends Lower, Underperforms On Weak Jobs Data
Dow Jones | Fri, Nov 6 2009, 20:40 GMT
GET CASH BACK FOR YOUR TRADES! Learn more about the Pip Rebate Program