Friday, Nov 06, 08:40 GMT
EUROPEAN Trading Newsletter
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- Learn forex trading and put in practice your skills with the Learning Center. Practice B is now available!
- EUR/USD to reach levels below 1.35 or above 1.75? Watch the videos with the experts forecasts
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Forex Blogs
The Trader's Edge: EUR/USD Non−Farm Payroll Analysis by Ross Yamashita
Technicially speaking on the EUR/USD, you can see we're in a potential triangle formation, which means that after it is complete, we will see a move up. Analysts numbers for the non farm payroll ranges from −155,000 to − 175,000 with the rate expected to come out at 9.9% − 10%.
FX Market Readings: Expected market moves for week end by Dr. S. Sivaraman
FX Bootcamp: FOREX VIDEO - New York Session Review - November 5, 2009 by Curt Wehrley
Sponsored by 
Live Sessions Schedule
SPECIAL EVENT: Trade Non−Farm Payrolls LIVE − 42nd Edition
Expert: Wayne McDonell
Start: Fri, Nov 6, 12:30 GMT
Sponsored by: 
Type of Session: Webinar
Trading Around Your Day Job
Expert: Ryan O'Keefe
Start: Fri, Nov 6, 20:00 GMT
Type of Session: Webinar
| Sponsored by | ||||
| Fri, Nov 6, 12:30 GMT | SPECIAL EVENT: Trade Non−Farm Payrolls LIVE − 42nd Edition | Wayne McDonell | WBN | |
| Fri, Nov 6, 20:00 GMT | Trading Around Your Day Job | Ryan O'Keefe | WBN |  |
| Mon, Nov 9, 17:00 GMT | Weekly Webinar: 1st on Forex − The Week Ahead | Jerry Furst | WBN |  |
| Tue, Nov 10, 09:00 GMT | London Session Scenarios on GBPUSD & GBPJPY | Mihai Marinescu | WBN | |
Current Session: Europe
About to test important resistance around 1.6665,
Mizuho Corporate Bank − : Within a whisker of testing important resistance around 1.6665, but only a weekly close above here, followed by a weekly close above 1.6835, will really increase bullish momentum.
Strategy: Possibly attempt small longs at 1.6595; stop well below 1.6400. First target 1.6665.
EUR/USD
Drop from new recovery high puts the pair back in channel off 1.3832 by KBC Bank
Drop from new recovery high puts the pair back in channel off 1.3832, with rebound off 1.4626 having retested the inverted daily channel top off June low (1.4928 today)
FTSE
Ftse has short term resistance at 5121/25 by Charmer Charts.com
The GBP/USD rose today, supported by data on improving UK industrial output as well as the Bank of England's decision to expand its asset purchase plan by less than expected.
Analyst Sentiment Index (ASI)
Analysts Sentiment Index - EUR/USD
**Source : FXstreet.com , Deltastock , Financial Trend Analysis , KBC , Mizuho , Varengold
[ View ASI page ] [ View EUR/USD page ]
Charting the Market Movers
USD JPY, Hourly
GBP USD, Hourly
Event of the Day
US NONFARM PAYROLLS
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Nov 6 | 13:30 | Nonfarm Payrolls | - | -175K | -263K |
US nfp job losses likely moderated in October by Easy Forex
Stability in recent US jobless claims data, a sharp rise in Q3 GDP, improvement in the employment index of the October manufacturing ISM and a continued decline in the ADP unemployment index points to a slowdown in nfp job losses during October.
[ Full Story ]- Forexlive scoop: NFP to come in at −214.45 (Forex Live)
- Now they tell me! Bids at 1.6550 in cable showing good direction (Forex Live)
US: nfp job losses likely moderated in October by Easy Forex
Thoughts on the global economy and FX markets - Don't expect much movement out of current ranges until after the payrolls report by Econometer.org
The Week Ahead - Non−farm payrolls are expected to decline further in October by BBVA Bancomer
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 | |||
| 05:00 | JP | Leading Economic Index (Sep)  | 86.4 | 86.4 | 83.2 | |
| 05:30 | AU | Foreign Reserves (Oct) | 48.5B | 48.9B | ||
| 06:45 | CH | Unemployment Rate (Oct) | 4.0% | 4.0% | 3.9% | |
| 06:45 | CH | Unemployment Rate s.a. (Oct) | 4.1% | 4.2% | 4.1% | |
| 09:30 | UK | Producer Price Index − Input (MoM) s.a (Oct) | 1.6% | -0.5% | ||
| 09:30 | UK | Producer Price Index − Input (YoY) n.s.a (Oct) | -1.3% | -6.5% | ||
| 09:30 | UK | Producer Price Index − Output (MoM) n.s.a (Oct) | 0.4% | 0.5% | ||
| 09:30 | UK | Producer Price Index − Output (YoY) n.s.a (Oct) | 1.9% | 0.4% | ||
| 11:00 | DE | Factory Orders n.s.a. (YoY) (Sep) | -13.6% | -20.4% | ||
Educational Resources
There is a perception that proper trading and investing is somehow different than how you properly buy and sell things in everyday life. This week we will discuss how the simple logic and rules you use when buying things in everyday life that make you a smart buyer at the grocery store, for example, are exactly what will make you a profitable market speculator. Read Sam Seiden's article !
Related Resources
Quantifying Supply (resistance) and Demand (support) In The Forex Markets - Webinar Recordings by Sam Seiden
Supply and Demand - Forex Essentials Course by LearningMarkets.com
Trade the facts: consider price action - Learning Center Chapter A04 by FXstreet.com