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Forex Blogs
Tech Trading: GBP/JPY The importance of the 100 SMA by César B. Leiceaga
The 100 simple moving average is the reference that players are using to determine the direction on the pair. (See daily chart below). Shorter time frames suggest a further bull move but pay attention to 151,80 − 152,00 level after NFP data is released, a significant resistance area.
The Advisor Weblog: Canada employment data by Valeria Bednarik
FX Market Readings: Expected market moves for week end by Dr. S. Sivaraman
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Expert: Ryan O'Keefe
Start: Fri, Nov 6, 20:00 GMT
Type of Session: Webinar
Combining Candlesticks with Western Technical Analysis − Free Access Day
Expert: James Chen
Start: Thu, Nov 12, 17:00 GMT
Type of Session: Webinar
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| Fri, Nov 6, 20:00 GMT | Trading Around Your Day Job | Ryan O'Keefe | WBN |  |
| Mon, Nov 9, 05:00 GMT | Asian Session: Live Market Analysis | Dr.S.Sivaraman | WBN | |
| Mon, Nov 9, 10:00 GMT | Using Fibonacci ratios to manage your trades efficiently | Sunil Mangwani | WBN |  |
| Mon, Nov 9, 11:00 GMT | FX Instructor Live Trading Room  | Mark De La Paz | WBN |  |
| Mon, Nov 9, 13:00 GMT | US Pre−Market Open | Ed Ponsi | WBN | |
Current Session: U.S.
EUR/USD suffering from the extreme resistance from 1.4905
ecPulse.com − The euro versus dollar pair is still suffering from the extreme resistance from 1.4905, which forces it to continue to move bearishly. Through the image above, we see bullish technical pattern forming, while we await the breach of its neckline at 1.4905 to open a way to achieve the expected bullish trend for today.
GBP/USD
Consolidating under 1.6600, by FXstreet.com Independent Analyst Team
Consolidating under 1.6600, pair remains printing higher highs, yet no clear signs come form hourly indicators. Bigger time frames one also remain flat, yet with a slightly bullish perspective for next hours.
USD/JPY
USD/JPY: Dollar weakness further against the Yen and falls to 89.80 by FXstreet.com
USD/JPY continues to fall, following a sharp decline after the release of the Non−farm payrolls data. The pair has fallen to 89.76, posting the lowest price since last Monday.
Analyst Sentiment Index (ASI)
Analysts Sentiment Index - EUR/USD
**Source : FXstreet.com , Deltastock , Financial Trend Analysis , KBC , Mizuho
[ View ASI page ] [ View EUR/USD page ]
Charting the Market Movers
GBP USD, Hourly
EUR USD, Hourly
Event of the Day
US NONFARM PAYROLLS
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Nov 6 | 13:30 | Nonfarm Payrolls | -190 | -175K | -219K |
DATA SNAP:US Oct Jobless Rate Climbs To 10.2%; 26−Year High (Dow Jones)
U.S. unemployment rose by more than expected in October to hit its highest level in more than 26 years and employers cut more jobs than forecast, a sign the labor market continues to struggle as the economy emerges from its deep recession.
[ Full Story ]- Employment Situation Summary at US Department of Labor
- Yen surges against Pound and Euro on weak U.S. employment data (FXstreet.com)
- Forex: USD/CHF jumps to test 1.0200 following Non−Farm payrolls data (FXstreet.com)
- Spot Gold Jumps To Record High After US Payrolls (Dow Jones)
Fundamental Currencies Comments - Calm markets ahead of U.S. jobs report by ecPulse.com
Calculations suggest that non−farm payroll employment fell by around 180,000 in October by ACM − Advanced Currency Markets
The payrolls data are expected to show an easing in the number of jobs lost by Dukascopy Swiss FX Group
Event of the Week
US FED INTEREST RATE DECISION
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Nov 4 | 19:15 | Fed Interest Rate Decision | 0.25% | 0.25% | 0.25% |
FED Interest Retes Review: The FED keeps rates unchanged feeding risk appetite by FXstreet.com
[ Full Story ]- Read the official statement at the Fed
- ForexLive New York wrap−up: Fed maintains easy stance (Forex Live)
- CURRENCIES: Dollar Dips Further As Fed Commits To Low Rates (Dow Jones)
- Forex: USD/JPY falls to 90.70 following FOMC statement (FXstreet.com)
US: The Fed still binded to a zero interest−rate policy by National Bank of Canada
Thoughts on the global economy and FX markets - The USD weakened following the FOMC meeting by Econometer.org
FOMC: steady as they go by KBC Bank
Economic Events
| Date (GMT) | Country | Event | Actual | Cons. | Previous | |
| Nov 6 | 00:00 | US | G20 Meeting | |||
| 13:30 | US | Average Hourly Earnings (YoY) (Oct) | 2.4% | 2.2% | 2.5% | |
| 15:00 | US | Wholesale Inventories (Sep) | -0.9% | -0.9% | -1.3% | |
| 20:00 | US | Consumer Credit (Sep) | -$9.9B | -$12.0B | ||
| Nov 7 | 00:00 | US | G20 Meeting | |||
| Nov 9 | 00:30 | AU | Home Loans (Sep) | 3.1% | -0.6% | |
| 00:30 | AU | Investment Lending (Sep) | 7.6% | |||
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