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Forex Blogs
Trading for a living: Non−Farm Payrolls Signals Recession Is Over by David Aranzabal
This morning's non−farm payrolls report is eliciting smiles across Wall Street as the hemorrhaging of jobs comes to an end. Only 345k Americans lost their jobs last month, signaling that the recession is over. Although the jobless rate breached 9% for the first time since 1983, hitting a 25 year high of 9.4 percent, there is no question that the labor market has hit a bottom.
The Advisor Blog: Welcome back dollar by Valeria Bednarik
FX Market Readings: Expected upward spike is happening by Dr. S. Sivaraman
Sponsored by 
Live Sessions Schedule
Asian Session: Live Market Analysis
Expert: Dr.S.Sivaraman
Start: Mon, Jun 8, 05:00 GMT
Type of Session: Webinar
Derek Frey's Outlook
Expert: Derek Frey
Start: Mon, Jun 8, 14:00 GMT
Sponsored by: 
Type of Session: Webinar
| Sponsored by | ||||
| Mon, Jun 8, 05:00 GMT | Asian Session: Live Market Analysis | Dr.S.Sivaraman | WBN |  |
| Mon, Jun 8, 12:00 GMT | US Pre−Market Open  | Ed Ponsi | WBN | |
| Mon, Jun 8, 13:30 GMT | US Session Open | Ed Ponsi | WBN | |
| Mon, Jun 8, 14:00 GMT | Derek Frey's Outlook | Derek Frey | WBN | |
| Mon, Jun 8, 15:00 GMT | Advanced Methods for Finding Dominant Trends in Forex Markets | Mark Whistler | WBN | |
Current Session: U.S.
GBPUSD: Building On its Corrective Downside Pressure
FXTechstrategy − GBP followed through lower Thursday breaking through two support levels at the 1.6398 level, its Nov 03'09 high and its May 29'09 high at 1.6199 to close lower at 1.6173. This development now suggests a build on the said weakness is likely to be seen driving the pair further lower towards the 1.6085 level where its May 27'09 is located ahead of its psycho level at 1.6000.
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GBP/USD
GBP/USD Daily Chart by Master The Markets
Yesterday's wide spread down bar for the dollars to pounds pair, closed the session marginally below the 9 day moving average, and confirming the bearish engulfing signal of Wednesday, which could an indication that the current rally has run out of steam.
EUR/USD: Dollar is back and the pair clearly bearish by FXstreet.com
Dollar is back and the pair clearly bearish. Long term ascendant trend line at 1.4070 zone, along with yesterday's low, and 200 EMA are holding the downside, yet seems it won't last: indicators suggest some south continuation for the next hours, although some corrections could take place.
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
Germany FACTORY ORDERS S.A.
| Date (GMT) | Event | Cons. | Previous | |
| Jun 8 | 10:00 | Factory Orders s.a. (MoM) | -0.8% | 3.3% |
| Jun 8 | 10:00 | Factory Orders n.s.a. (YoY) | -35.8% | -26.7% |
Friday Notes - Germany, New Orders: Slump in demand halted by UniCredit Group
Following six consecutive months of dramatic declines in new orders, March brought a strong rise m−o−m. The reading was, however, influenced positively by a disproportionately large number of big ticket orders. Even though business surveys point to a substantial improvement in the prospects for orders, they have, nevertheless, not yet reached the expansion threshold. Hence, we expect April to bring another downward correction. All in all, however, an imminent stabilization in the order situation has become increasingly likely.
[ Full Story ]Top Market Movers Review
US NONFARM PAYROLLS
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Jun 5 | 12:30 | Nonfarm Payrolls | -345K | -521K | -504K |
| Jun 5 | 12:30 | Unemployment Rate | 9.4% | 9.2% | 8.9% |
US: Employment − Job Losses Decline, Recession Recedes, Recovery Ahead by Wachovia
[ Full Story ]- Read the Employment data at Labor Department
- U.S. markets up after better than expected jobs data; Dollar rises accross the board (FXstreet.com)
- Forex: USD/JPY tests 98.00 level on better than expected NFP data (FXstreet.com)
- Forex: GBP/USD: Pound soars to 1.6240 after Payrolls data (FXstreet.com)
European Market Update - Nervous markets await US employment data by TradeTheNews.com
Asian Session: Central Banks out of the Way... on to NFP by ACM − Advanced Currency Markets
Sunrise Market Commentary - Payrolls come at crucial time for bonds by KBC Bank
Economic Events
| Date (GMT) | Country | Event | Actual | Cons. | Previous | |
| Jun 5 | 12:30 | US | Average Hourly Earnings (YoY) (May) | 3.1% | 3.1% | 3.2% |
| 12:30 | US | Nonfarm Payrolls (May) | -345K | -521K | -504K |
|
| 19:00 | US | Consumer Credit (Apr) | -$0.6B | -$11.1B | ||
| Jun 7 | 23:50 | JP | Adjusted Current Account (Apr) | ¥902.3B | ||
| 23:50 | JP | Bank Lending (YoY) (May) | 3.4% | |||
| 23:50 | JP | Money Supply M2+CD (YoY) (May) | 2.6% | |||
| 23:50 | JP | Trade Balance − BOP Basis (Apr) | ¥132.9B | |||
Educational Resources
Psychology: The Mind of a Trader
Listen to Steven Croft's podcast about trading strategies and psychology matters. Listen now! Here are the topics for this week:
− You Need To Learn How To Dance In The Rain
− When You Find The Right Track... Don't Just Get On... Get Going!
− Enthusiasm Brings About A Triumph
− Thinking Can Make Impossible Become Possible
− Don't Just Look, Make Sure That You Truly See And Understand
Related Resources
Emotion Management System - Report by Dima Chernovolov
Trading and Emotions - Report by Tomas Cedavicius
Conquering Fear and Greed: How to Deal With Emotions When Trading - Webinar recording by Markus Heitkoetter