Friday, Jul 06, 08:11 GMT
EUROPEAN Trading Newsletter
To Get Started
- FXstreet.com International Traders Conference: Come to Barcelona! Enjoy the Special Early Bird Discount
- Be prepared for the next Non-Farm Payrolls - Trade it LIVE with Wayne McDonell
- Who is going to be the FX Trader of the year? Find it out in the Forum
Send us your feed back. Post your comments about the new newsletters' format in the Forum.
Live Sessions Schedule
SPECIAL EVENT: Trade Non-Farm Payrolls LIVE - 14th Edition
Expert: Wayne McDonell
Start: Fri, Jul 6, 12:00 GMT
Sponsored by: 
Type of Session: Webinar
What moves currencies?
Expert: Tony Juste
Start: Mon, Jul 9, 10:00 GMT
Sponsored by: 
Type of Session: Webinar
| Sponsored By: | ||||
| Fri, Jul 6, 12:00 GMT | SPECIAL EVENT: Trade Non-Farm Payrolls LIVE - 14th Edition | Wayne McDonell | WBN | |
| Mon, Jul 9, 10:00 GMT | What moves currencies? | Tony Juste | WBN | |
| Mon, Jul 9, 12:00 GMT | US Pre-Market Open  | Ed Ponsi | WBN |  |
| Mon, Jul 9, 13:30 GMT | US Session Open | Ed Ponsi | WBN | |
Current Session: Europe
EUR/USD
Daily Forex Commentary - Important Unemployment Numbers by Jyske Bank
EURUSD is still trading under all time high. EUR rates came a little higher after the press conference when Trichet stated that he saw no reason to change the current market expectations to the interest rate lvls. He also stated that ECB still expected to raise rates by 25bp in September.
- Looking for the Trader of the Year 2007: Take part in the 1st FXstreet.com Trading Contest
- Price Flash: EUR/USD pays off the failed MA's cross as it continues to trade into extremes, USD/CHF and Cable also out of bounds now by Tony Juste
- The Signals Tracker: track down the performance of a particular signals provider
- Check out how the currency moved on Live Currency Rates & Charts at FXstreet.com
- Follow up the most relevant Economic Data in the new Real Time Economic Calendar
- Be up to date with the Latest Forex News
Other Topics for this Session:
Daily Technical Analysis - JPY: Nudging slowly above 123.00 and we continue to target 123.50 by Mizuho Corporate Bank
Daily Recommended Trades - EUR/USD daily outlook by E-Forex
Forex Technical Report - Forex Technical Report EUR/USD by iFOREX.bg
Currencies at a Glance
- EUR/USD
- Trades below opening price level 1.3597 , below pivot level 1.3612
07/06/2007 07:02 GMT - GBP/USD
- Trades below opening price level 2.0115 , below pivot level 2.0134
07/06/2007 07:03 GMT - USD/CHF
- Moves up above opening price level 1.2173 , above pivot level 1.2157
07/06/2007 07:03 GMT - USD/JPY
- Moves up above first resistant level 123.19
07/06/2007 07:04 GMT
Analyst Sentiment Index (ASI)
Analysts Sentiment Index - USD/JPY
**Source : ActionForex.com, CMS Forex, Danske Bank A/S, Finotec Group Inc., FXstreet.com, Global Forex Trading Ltd. , Mizuho Corporate Bank
[ View ASI page ] [ View USD/JPY page ]
Charting the Market Movers
EUR USD, Hourly
USD JPY, Hourly
Top Market Movers Preview
US NONFARM PAYROLLS
| Date (GMT) | Event | Cons. | Previous | |
| Jul 6 | 12:30 | Nonfarm Payrolls | 120K | 157K |
Daily Forex Commentary - Important Unemployment Numbers by Jyske Bank
Today the week’s and month’s most important key indicators are published. Unemployment and wages are closely linked to expectations for future rate lvls from FED through private consumption and realestate markets.
[ Full Story ]Wakeup Call on Forex Markets - US June Job Report Key Event Today by Saxo Bank
Asia Market Update - USD holds on to gains as traders see upside risk to tomorrow's NFP report by Trade The News
Top Market Movers Review
US ISM NON-MANUFACTURING
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Jul 5 | 14:00 | ISM Non-Manufacturing | 60.7 | - | 59.7 |
U.S. Non-Manufacturing ISM increases in June (FXstreet.com)
Non-manufacturing ISM Index, which measures activity of services, construction and agriculture, has increased to 60.7 points in June from 59.7 in May.
[ Full Story ]- Non-Manufacturing Business Index - Institute fot Supply Management
- EEUU- ISM de servicios sube inesperadamente en junio de 59,7 a 60,7 puntos (Thomson Financial News)
- Forex - Dollar firms after on stronger-than expected service sector report (Thomson Financial News)
- U.S. service sector expands in June (Thomson Financial News)
Economic Events
| Date (GMT) | Country | Event | Actual | Cons. | Previous | |
| Jul 6 | 05:45 | CH | Unemployment Rate (Jun) | 2.5% | 2.6% | 2.7% |
| 08:30 | UK | Industrial Production (MoM) | 0.3% | 0.3% | ||
| 08:30 | UK | Industrial Production (YoY) | 0.3% | 0.4% | ||
| 10:00 | DE | Factory Orders (MoM) | 0.5% | -1.2% | ||
| 10:00 | DE | Factory Orders (YoY) (May) | 8.6% | 11.7% | ||
| 12:30 | US | Average Hourly Earnings (MoM) (Jun) | $0.30 | $0.06 | ||
| 12:30 | US | Average Weekly Hours (Jun) | 33.9 | 33.9 | ||
| 12:30 | US | Nonfarm Payrolls | 120K | 157K | ||
| 12:30 | US | Unemployment Rate (Jun) | 4.5% | 4.5% | ||
| 15:10 | CA | Net Change in Employment (Jun) | 15.8K | 9.3K | ||