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
Forex Market Alerts - Chart GBP/JPY Update: Piercing-pattern set last session fading deeper pullback by FXMarketAlerts
Mon, Nov 23 2009, 23:44 GMT
Currency Majors Technical Perspective by FXstreet.com Independent Analyst Team
Mon, Nov 23 2009, 23:41 GMT
Today's Trading Signals by Financial Trend Analysis
Mon, Nov 23 2009, 08:42 GMT
The Best Cross to Trade now - GBPCAD by Precise Trader
Mon, Nov 23 2009, 06:33 GMT
EMEA Daily - The rate decision in Hungary will take centre stage today by Danske Bank A/S
Mon, Nov 23 2009, 06:26 GMT
Yen crosses sold into Tokyo fix
Forex Live | Tue, Nov 24 2009, 01:10 GMT
Forex: EUR/USD rises as dollar weakens on housing news
FXstreet.com | Tue, Nov 24 2009, 01:08 GMT
USD/JPY still fighting the 89.00 level
FXstreet.com | Tue, Nov 24 2009, 00:23 GMT
Pound trapped around 1.6600
FXstreet.com | Tue, Nov 24 2009, 00:22 GMT
EUR/USD Current Price: 1.4964
FXstreet.com | Tue, Nov 24 2009, 00:20 GMT
GET CASH BACK FOR YOUR TRADES! Learn more about the Pip Rebate Program