Friday, Jan 05, 07:43 GMT
EUROPEAN Trading Newsletter
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Trade Non-Farm Payrolls Live Webinar
SPECIAL EVENT: Trade Non-Farm Payrolls LIVE - 8th Edition
Expert: Wayne McDonell
Start: Fri, Jan 5, 13:00 GMT
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Type of Session: Webinar
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Current Session: Europe
GBP/USD
FX Thoughts for the Day - FX Thoughts for the day - Evening - 04-Jan-2007....1243 GMT by Kshitij Consultancy Service
The Cable continued with its sharp fall today during the day also as the pair hit a low of 1.9399. The pair has broken a very important level of 1.9430 earlier today and a close below this could lead to further weakness in the pair. If so, there could be a decline towards 1.9275 during the week.
- Check out how the currency moved on Live Currency Rates & Charts at FXstreet.com
- Insight on the fundamentals in the Fundamentals section at FXstreet.com
- What´s next on the agenda? Take a look at our Economic Events Calendar
- What's going on in the markets? Read our latest Forex news
Other Topics for this Session:
Daily Technical Briefing - "Greenback Follows Through" by FXCM
Daily Trading Strategy - The dollar makes a key move by MVDForex
Daily Market Commentary - The dollar surged on Wednesday by Global Forex Trading Ltd
Currencies at a Glance
- EUR/USD
- Continues to trade below 1.3100
1/5/2007 6:45:27 AM - GBP/USD
- Continues to move down below 1.9375
1/5/2007 6:46:11 AM - USD/CHF
- Continues to trade above 1.2300
1/5/2007 6:46:40 AM - USD/JPY
- Continues to trade below 118.50
1/5/2007 6:47:09 AM
Charting the Market Movers
EUR USD, Hourly
USD JPY, Hourly
Top Market Movers Preview
European Economic Events Recap
| Event | Previous | Consensus | Time |
| Business Climate Indicator | 1.54p | Jan 5, 10:00 GMT | |
| Consumer Confidence | -7.0p | -7.0p | Jan 5, 10:00 GMT |
| Producer Price Index (MoM) | 0% | 0.1% | Jan 5, 10:00 GMT |
| Retail Sales (MoM) | 0.3% | 0.5% | Jan 5, 10:00 GMT |
| Unemployment Rate | 7.7% | 7.6% | Jan 5, 10:00 GMT |
- Tony Juste, FX Advisor at FXstreet.com:
"The battery of economic data for the Eurozone should serve as the initial measure of what to expect in the united region for this 2007. I will particularly follow retail sales and business confidence releases, the former because it will give us an idea of what is the real buying power of the people living with an increased tightening exposure; the latter because it will give us an idea of what the businesses think of both monetary and economic policies." - FXstreet.com
U.S. Non-Farm Payrolls
| Period | Previous | Consensus | Time |
| December (Change) | 132k | 100k | Jan 5, 13:30 GMT |
| December (Unemployment Rate) | 4.5% | 4.5% | Jan 5, 13:30 GMT |
Non-Farm Payrolls Preview - How Bad Can It Be? by FXCM
We are expecting the December Non-farm payrolls report tomorrow morning and now more than the ever the amount of jobs added or subtracted by US corporations last month could determine where the US dollar is headed next.
[ Full Story ]- U.S. Department of Labor
- Yen firmer, euro down vs US dollar in Sydney afternoon ahead of payrolls (AFX News)
- Gold steadies, awaits U.S. payrolls data (AFX News)
- Tony Juste, FX Advisor at FXstreet.com:
"The expectations are pretty pessimistic for the number of jobs being created in the US. Obviously, detractors will argue that current monetary policy is too tight for the labour market, but I would not go that far. We still have to see where the 3-month average sits and if there is an imminent threat to break the current positive tone of the US employment market. I would not even rule out a surprise in the figures, and that would certainly boost the USD to break some key levels against the other majors." - FXstreet.com
U.S: Weak December Payrolls? by KBC Bank
Top Market Movers Review
Japan New Vehicle Sales
| Period | Previous | Actual |
| December | -6.5% | -7.2% |
Japan new vehicle sales fall for 18th straight month in Dec by AFX News
Domestic sales of new cars, trucks and buses, excluding minivehicles, fell for the 18th straight month in December, with Japanese consumers preferring fuel-efficient minivehicles to ordinary automobiles as gasoline prices stayed high, the Japan Automobile Dealers Association said.
[ Full Story ]- Yen soars on Japan rate outlook (AFX News)