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Forex Blogs
Forex Trading Today: GBP/USD Sees Risk on Political Turbulence as the EUR/USD Consolidates by Tim Salem
With the Central Bank Interest Rate Decisions coming in As Expected with Consensus, we focus on The Fiber and Cable as we move forward. As expected, we have Consolidating Continuation moving on… even with the 200−Pip Volatility Drop on Cable due to the "Rumor" of Gordon Brown's Resignation.
The Advisor Blog: Hourly charts in majors by Valeria Bednarik
FX Market Readings: Extended down ward stop hunt to come up big by Dr. S. Sivaraman
CEO's Weblog: CFTC releases Adjusted Net Capital for April. Alpari US jumps above $20 mio minimum net capital by Francesc Riverola
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Live Sessions Schedule
Live Look at Today's Markets
Expert: Derek Frey
Start: Thu, Jun 4, 17:00 GMT
Sponsored by: 
Type of Session: Webinar
SPECIAL EVENT: Trade Non−Farm Payrolls LIVE − 37th Edition
Expert: Wayne McDonell
Start: Fri, Jun 5, 11:30 GMT
Sponsored by: 
Type of Session: Webinar
| Sponsored by | ||||
| Thu, Jun 4, 15:00 GMT | How to Get Started Trading Forex | Mark Whistler | WBN |  |
| Thu, Jun 4, 17:00 GMT | Live Look at Today's Markets | Derek Frey | WBN | |
| Fri, Jun 5, 09:00 GMT | FX Instructor Live Trading Room  | Mark De La Paz | WBN |  |
| Fri, Jun 5, 11:30 GMT | SPECIAL EVENT: Trade Non−Farm Payrolls LIVE − 37th Edition | Wayne McDonell | WBN | |
| Mon, Jun 8, 16:00 GMT | Advanced Methods for Finding Dominant Trends in Forex Markets | Mark Whistler | WBN | |
Current Session: U.S.
FXstreet.com − Despite not so encouraging data in the U.S. with weekly unemployment claims at 621K and some productivity revised to the downside report, Wall Street struggles higher, sending dollar back down. Oil and gold are also regaining ground, supporting greenback fall. With pair still clearly bullish, divergences are becoming more notorious in the daily chart, still with no signs of an imminent correction.
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USD/JPY
Pair attempt to break to the downside the 1.4100 zone by FXstreet.com Independent Analyst Team
Pair attempt to break to the downside the 1.4100 zone, yet halted at the 200 EMA in the hourly chart. High volume keeps the pair in range, between mentioned EMA and 20 SMA around 1.4165. Hourly indicators are slightly bullish, yet pair needs to break at least above 1.4180 to regain the upside with strength.
GBP/USD
GBP/USD: Price action from yesterday has continued with a further fall, by Master The Markets
Should the week close at or around the current price point of 1.62 then this looks ominous for the pound bulls, and could provide some excellent long term trend trading opportunities on the short side of the market for the dollars to pounds pair
Analyst Sentiment Index (ASI)
Analysts Sentiment Index - EUR/USD
**Source : ActionForex.com, CMS Forex, Danske Bank A/S, FXstreet.com, i-knowindices.com, Mizuho Corporate Bank, MolFX - Management
[ View ASI page ] [ View EUR/USD page ]
Charting the Market Movers
GBP USD, Hourly
EUR USD, Hourly
Top Market Movers Preview
US NONFARM PAYROLLS
| Date (GMT) | Event | Cons. | Previous | |
| Jun 5 | 12:30 | Nonfarm Payrolls | -521K | -539K |
| Jun 5 | 12:30 | Average Hourly Earnings (YoY) | 3.1% | 3.2% |
| Jun 5 | 12:30 | Average Weekly Hours | 33.2 | 33.2 |
| Jun 5 | 12:30 | Average Hourly Earnings (MoM) | 0.1% | 0.1% |
| Jun 5 | 12:30 | Unemployment Rate | 9.2% | 8.9% |
US: Employment − Have We Reached a Turning Point? by Wachovia
[ Full Story ]Daily Video Recap - High Yielders Sink Prior to ECB and BOE Decisions and Friday's Jobs Report by CMS Forex
Economics Weekly - BoE and ECB interest rate decisions, US employment report due by Lloyds TSB Financial Markets
Top Market Movers Review
US NONFARM PRODUCTIVITY
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Jun 4 | 12:30 | Unit Labor Costs | 3.0% | 2.9% | 5.7% |
| Jun 4 | 12:30 | Nonfarm Productivity | 1.6% | 1.2% | -0.4% |
DATA SNAP: US Productivity Brushes Off Recession, Posts Gain (Dow Jones)
[ Full Story ]- Productivity and costs data at Bureau of Labor Statistics of the US Department of Labor
- US Nonfarm Productivity increases to 1.6% in 1Q; above consensus (FXstreet.com)
- US 1Q Unit Labor Costs decline to 3% vs 5.7% (FXstreet.com)
- Table Of Productivity Data From Labor Dept (Dow Jones)
US economic indicators - Nonfarm productivity is likely be revised up by BHF−Bank
Economic Events
| Date (GMT) | Country | Event | Actual | Cons. | Previous | |
| Jun 4 | 13:00 | CA | BoC Interest Rate Decision | 0.25% | 0.25% | 0.25% |
| 14:00 | CA | Ivey Purchasing Managers Index (May) | 48.4 | 54.3 | 53.7 | |
| Jun 5 | 07:15 | CH | Consumer Price Index (MoM) (May) | 0.2% | 0.9% | |
| 07:15 | CH | Consumer Price Index (YoY) (May) | -0.9% | -0.3% | ||
| 08:30 | UK | Producer Price Index − Input (MoM) s.a (May) | 0.8% | -1.0% | ||
| 08:30 | UK | Producer Price Index − Input (YoY) n.s.a (May) | -8.3% | -5.0% | ||
| 08:30 | UK | Producer Price Index − Output (MoM) n.s.a (May) | 0.4% | 0.6% | ||