Friday, Oct 05, 07:51 GMT
EUROPEAN Trading Newsletter
To Get Started
- SPECIAL EVENT: Trade Non−Farm Payrolls LIVE with Wayne McDonell
- NEW Webinars Video - Access now Educational Sessions Recordings
- FXstreet.com 1st International Traders Conference - Come and meet our renowned Speakers
- Forex Chat Room: Share your trading ideas and comments with fellow traders
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1st FXStreet.com International Conference – Oct. 25−27th
Oct 3, 15:51 GMTThe FXstreet.com 1st International Traders Conference (ITC) offers a unique environment to meet renowned experts within the Forex industry in the gorgeous city of Barcelona by FXstreet.com
One of the key aspects of the event will be the opportunity to TRADE LIVE side−by−side with experts! The ITC is a based on a very interactive model and will offer attendees the unique opportunity of a direct contact with the speakers.
Live Sessions Schedule
SPECIAL EVENT: Trade Non−Farm Payrolls LIVE − 17th Edition
Expert: Wayne McDonell
Start: Fri, Oct 5, 12:00 GMT
Sponsored by: 
Type of Session: Webinar
What Moves Currencies? − Preview of the Week Ahead
Expert: Tony Juste
Start: Mon, Oct 8, 10:00 GMT
Sponsored by: 
Type of Session: Webinar
| Sponsored by | ||||
| Fri, Oct 5, 12:00 GMT | SPECIAL EVENT: Trade Non−Farm Payrolls LIVE − 17th Edition | Wayne McDonell | WBN | |
| Mon, Oct 8, 10:00 GMT | What Moves Currencies? − Preview of the Week Ahead | Tony Juste | WBN | |
| Mon, Oct 8, 11:00 GMT | Weekly Webinar: 1st on Forex − The Week Ahead | Jerry Furst | WBN |  |
| Mon, Oct 8, 13:00 GMT | FX Instructor Live Trading Room  | Nader Moustafa | WBN |  |
Current Session: Europe
EUR/USD
Forex Technical Analysis − EUR/USD:(1.4134) Correction off 1.4283 puts pair currently below channel off 1.3550 by KBC Bank
New historic high above daily Long Term daily channel top off 2005 low (1.4048 today).
Drop off 1.4283 puts the pair currently below channel off 1.3550 (see graph).
1st Support area at 1.4125/ .4112 (daily Medium Term Moving Average↑/ Short Term low hourly), with next levels at 1.4067 (yesterday low + daily envelope bottom), ahead of 1.4059/ .48 (4th hourly off 1.3358 + daily projection band bottom/ see above) and 1.4037/ .4021
- GBP/USD hits extreme OB level 2.0430 at Tony Juste's blog
- New Webinars Video − Access now Educational Sessions Recordings
- Check out how pairs moved: Live Currency Rates & Charts
- 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 Forex Commentary − Crucial US employment numbers by Jyske Bank
Daily Recommended Trades − EUR/USD daily outlook by E−Forex
Daily Market Commentary − The dollar gave back its gains from Wednesday versus the European currencies by Global Forex Trading
Currencies at a Glance
- EUR/USD
- Continues to move down below pivot level 1.4118
10/05/2007 07:46 GMT - GBP/USD
- Trades below pivot level 2.0365
10/05/2007 07:46 GMT - USD/CHF
- Moves up toward pivot level 1.1763
10/05/2007 06:31 GMT - USD/JPY
- Moves up above pivot level 116.49
10/05/2007 06:31 GMT
Analyst Sentiment Index (ASI)
Analysts Sentiment Index - EUR/USD
**Source : ActionForex.com, CMS Forex, Danske Bank A/S, FXstreet.com, Global Forex Trading, Mizuho Corporate Bank
[ View ASI page ] [ View EUR/USD page ]
Charting the Market Movers
USD JPY, Hourly
GBP USD, Hourly
Top Market Movers Preview
US NONFARM PAYROLLS
| Date (GMT) | Event | Cons. | Previous | |
| Oct 5 | 12:30 | Nonfarm Payrolls | 100K | -4K |
Friday Notes - Ailing USD hurts sentiment by HVB Group
Hiring is down, but layoffs are steady. So a modest increase in non−farm payrolls is likely, if only because the two−month slide in government positions is highly likely to turn around. The insured unemployment rate was easing during the September survey week, so a steady overall rate is probable. Average hourly earnings should have been up another 0.3%, leaving the year−over−year increase a little below 4%.
[ Full Story ]- SPECIAL WEBINAR: Trade Non Farm Payrolls LIVE with Wayne McDonell
- Forex − Dollar firmer vs yen, euro as traders anticipate positive US jobs data (Thomson Financial News)
- FOCUS September payrolls could change Fed view of economy, market view of Fed (Thomson Financial News)
Top Market Movers Review
Japan LEADING ECONOMIC INDEX
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Oct 5 | 05:00 | Leading Economic Index | 30.0 | 30.0 | 72.7 |
Japan Aug Leading Indicators 30.0; Coincident 83.3 (Dow Jones)
Japan's index of leading economic indicators stood at 30.0 in August, below the boom−or−bust threshold of 50.0 for the first time in three months, the government said Friday.
[ Full Story ]- Read the Leading Economic Index report at Japan Cabinet Office
- Japan's leading economic index drops to 30.0 in August, meets forecast (Thomson Financial News)
- Japan Outlook: Sep Foreign Reserves, Aug Leading Indicators (Dow Jones)
Economic Events
| Date (GMT) | Country | Event | Actual | Cons. | Previous | |
| Oct 5 | 05:00 | JP | Leading Economic Index (Aug)  | 30.0 | 30.0 | 72.7 |
| 11:00 | CA | Net Change in Employment (Sep) | 15.0 | 23.3K | ||
| 11:00 | CA | Unemployment Rate (Sep) | 6.1% | 6.0% | ||
| 12:30 | US | Average Hourly Earnings (MoM) (Sep) | 0.3% | 0.3% | ||
| 12:30 | US | Average Hourly Earnings (YoY) (Sep) | 3.9% | |||
| 12:30 | US | Average Weekly Hours (Sep) | 33.8 | 33.8 | ||
| 12:30 | US | Nonfarm Payrolls (Sep) | 100K | -4K | ||
| 12:30 | US | Unemployment Rate (Sep) | 4.7% | 4.6% | ||
| 19:00 | US | Consumer Credit (Aug) | $9.6B | $7.5B | ||
| Oct 8 | 05:45 | CH | Unemployment Rate | 2.6% | ||