Friday, Jan 04, 09:12 GMT
EUROPEAN Trading Newsletter
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Live Sessions Schedule
SPECIAL EVENT: Trade Non−Farm Payrolls LIVE − 20th Edition
Expert: Wayne McDonell
Start: Fri, Jan 4, 13:00 GMT
Sponsored by: 
Type of Session: Webinar
| Sponsored by | ||||
| Fri, Jan 4, 13:00 GMT | SPECIAL EVENT: Trade Non−Farm Payrolls LIVE − 20th Edition | Wayne McDonell | WBN | |
| Mon, Jan 7, 11:00 GMT | What Moves Currencies? − Preview of the Week Ahead | Tony Juste | WBN |  |
| Mon, Jan 7, 12:00 GMT | Weekly Webinar: 1st on Forex − The Week Ahead | Jerry Furst | WBN |  |
| Mon, Jan 7, 15:00 GMT | Derek Frey's Outlook | Derek Frey | WBN |  |
Current Session: Europe
EUR/USD
Forex Technical Report − Forex Technical Report EUR/USD by iFOREX.bg
EUR/USD Open 1.4744 High 1.4777 Low 1.4645 Close 1.4714.
The positive sentiment is returning for the Euro against the US Dollar and its heading towards the top records. Nor now the upward movement is limited by the resistance at yesterday's top 1.4775.
- Extreme OB/OS levels at this hour by Tony Juste
- Long−term Forex Perspectives: Our new blog by John Jagerson and S. Wade Hansen
- 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
Other Topics for this Session:
Daily Technical Analysis − Yesterday's blip above decent resistance at 1.4750 looks unconvincing by Mizuho Corporate Bank
Daily Forex Technical Report − Markets in Tight Range, Awaiting NFP and ISM Services by ActionForex.com
Forex Technical Analysis − EUR/USD: (1.4740) Rebound off 1.4310 testing key area of 1.4750/.4770 by KBC Bank
Currencies at a Glance
- EUR/USD
- Moves down toward first support level 1.4697
01/04/2008 08:00 GMT - GBP/USD
- Moves down toward first support level 1.9664
01/04/2008 08:00 GMT - USD/CHF
- Continues to trade around opening price level 1.1110 , below pivot level 1.1138
01/04/2008 08:01 GMT - USD/JPY
- Continues to trade around pivot level 109.10
01/04/2008 08:01 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 | |
| Jan 4 | 13:30 | Nonfarm Payrolls | 70K | 94K |
| Jan 4 | 13:30 | Average Hourly Earnings (YoY) | 3.6% | 3.8% |
| Jan 4 | 13:30 | Average Weekly Hours | 33.8 | 33.8 |
| Jan 4 | 13:30 | Average Hourly Earnings (MoM) | 0.3% | 0.5% |
| Jan 4 | 13:30 | Unemployment Rate | 4.8% | 4.7% |
Sunrise Market Commentary: Currencies - Dollar pressure eases slightly ahead of the payrolls by KBC Bank
Today, market attention will be focused on the key US payrolls rapport. After the very weak ISM manufacturing survey, the markets will be highly attentive for any hints whether or not the US economy might slip into recession in the first half of 2008. The consensus is for a rather moderate 70K increase of new jobs which looks reasonable after yesterday's ADP report.
[ Full Story ]- SPECIAL EVENT: Trade Non−Farm Payrolls LIVE − 20th Edition
Top Market Movers Review
EMU PURCHASING MANAGER INDEX SERVICES
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Jan 4 | 09:00 | Purchasing Manager Index Services | 53.1 | 53.2 | 54.1 |
Euro Zone PMI services declined larger than expected in December (FXstreet.com)
The Purchasing Manager's Index for the services sector declined to the level of 53.1 points in December in the Euro Zone from the 54.1 points in November, according to information by NTC Economics.
[ Full Story ]- NTC Economics Homepage
- EU Purchasing Manager Index Services decreases to 53.1 in Dec from 54.1 (FXstreet.com)
US ADP EMPLOYMENT CHANGE
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Jan 3 | 13:15 | ADP Employment Change | 40 | 50K | 173K |
US employment in private sector increased by 40.000 in December (FXstreet.com)
After two months of spectacular increase in job creation, the US work market will post a rather more moderate increase in employment in December, according to the latest ADP employment report. Non farm private sector jobs increased by 40,000 from November to December, following a 173,000 increase in November.
[ Full Story ]- Read the Analysis of December's report at ADP
- US December ADP private payrolls up 40,000, suggests total payrolls up 59,000 (Thomson Financial News)
- ADP Sees December US Private Sector Jobs +40,000 (Dow Jones)
- US Dec ADP Employment foresees 40K increase in private sector jobs (FXstreet.com)
EMU M3
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Jan 3 | 09:00 | M3 (YoY) | 12.3% | 12.2% | 12.3% |
Euro Zone M3 grows larger than expected in November (FXstreet.com)
M3 grew by 12.3% in November compared with the same period one year ago, this increase was similar to the growth rate posted in October, according to the latest report by the European Central Bank.
[ Full Story ]- Eurozone M3 Official Data by the European Central Bank
- DATA SNAP: Euro−Zone Nov M3 Stuck At Record High Of +12.3%YY (Dow Jones)
- EU M3 (YoY) grows by 12.3% in Nov (FXstreet.com)
Economic Events
| Date (GMT) | Country | Event | Actual | Cons. | Previous | |
| Jan 4 | 06:45 | CH | Consumer Price Index (MoM) (Dec) | 0.2% | 0.5% | 0.5% |
| 06:45 | CH | Consumer Price Index (YoY) (Dec) | 2.0% | 1.8% | 1.8% | |
| 08:55 | DE | Purchasing Manager Index Services (Dec) | 51.2 | 52.4 | 53.1 | |
| 09:00 | EMU | Purchasing Manager Index Services (Dec) | 53.1 | 53.2 | 54.1 | |
| 09:30 | UK | M4 Money Supply (MoM) (Nov) | 0.2% | |||
| 09:30 | UK | M4 Money Supply (YoY) (Nov) | 11.8% | |||
| 09:30 | UK | Mortgage Approvals (Nov) | 83K | 88K | ||
| 09:30 | UK | Net Lending to Individuals | £8.8B | |||
| 09:30 | UK | Purchasing Manager Index Services (Dec) | 51.5 | 51.9 | ||
| 10:00 | EMU | Consumer Price Index Estimate (YoY) (Dec) | 3.1% | 3.0% | ||