Friday, Apr 03, 07:48 GMT
EUROPEAN Trading Newsletter
To Get Started
- Webinar Videos: Fibonacci - From Novice to Advanced Techniques by Adam Rosen
- All the events of the day in our Economic Calendar
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Forex Blogs
Forex Trading Today: NFP To Be Counter−Intuitive with Dollar Strength?… Again? by Tim Salem
Greetings, Everyone and welcome to our Monthly Day of Friday Follies! As we all know…the most volatile and literally most important Data Point for our Foreign Exchange concerns comes tomorrow with the March 2009 Non−Farm Payrolls Data.
The Disciplined Trader: USD Index at another important pivot point by Pierre Charlebois
Trading for a Living: Amazing day!! by David Aranzabal
Find other fellow traders to share your comments and market view in the FOREX FORUM
Sponsored by 
Live Sessions Schedule
SPECIAL EVENT: Trade Non−Farm Payrolls LIVE − 35th Edition
Expert: Wayne McDonell
Start: Fri, Apr 3, 11:30 GMT
Sponsored by: 
Type of Session: Webinar
| Sponsored by | ||||
| Fri, Apr 3, 11:30 GMT | SPECIAL EVENT: Trade Non−Farm Payrolls LIVE − 35th Edition | Wayne McDonell | WBN | |
| Mon, Apr 6, 09:00 GMT | Using Fibonacci ratios to manage your trades efficiently | Sunil Mangwani | WBN |  |
| Mon, Apr 6, 15:00 GMT | Advanced Methods for Finding Dominant Trends in Forex Markets  | Mark Whistler | WBN |  |
| Mon, Apr 6, 16:00 GMT | Weekly Webinar: 1st on Forex − The Week Ahead | Jerry Furst | WBN |  |
Current Session: Europe
USD/JPY: 99.89 Resistance proves more solid in Topping Behavior
FXstreet.com − Consolidative Price Behavior brings a touch of Static Resistance @ 100.20 briefly, although 99.89Resistance proves more solid in Topping Behavior on the Hourly View. Slight Downside Risk is favored in the Immediate−Term, with a breach of 99.27 Dynamic Support bringing 99.00 Handle and 98.70 into View.
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EUR/USD
Forex Technical Analysis − EUR/USD: (1.3429) Double Bottom off 1.3342 by KBC Bank
Rebound off 1.3113 highlighting Double Bottom off 1.3342 (see graph) and currently back above the daily Downtrendline off high (1.3313 today).
GBP/USD
GBP/USD: The Pound eases from 1.4770 high by FXstreet.com
The Sterling has been unable to break above 1.4770 resistance level on its rally from around 1.4450 low on Thursday, and has eased during Asian session, reaching levels above 1.4640 support zone ahead of the European session opening.
Analyst Sentiment Index (ASI)
Analysts Sentiment Index - EUR/USD
**Source : ActionForex.com, CMS Forex, Danske Bank A/S, FXstreet.com, i-knowindices.com, Mizuho Corporate Bank, MolFX - Management
[ 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 | |
| Apr 3 | 12:30 | Nonfarm Payrolls | -658K | -651K |
| Apr 3 | 12:30 | Unemployment Rate | 8.4% | 8.1% |
US: Preview of March Unemployment by Easy Forex
Friday the Bureau of Labor Statistics (BLS) will release the US March employment report. Based on the ADP employment report released Wednesday, the US labor market worsened in March. ADP reported that 742K jobs were shed by US employers in March.
[ Full Story ]Top Market Movers Review
US FACTORY ORDERS
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Apr 2 | 14:00 | Factory Orders | 1.8% | -1.3% | -3.5% |
DATA SNAP: US Feb Factory Orders Up Less Than Expected (Dow Jones)
U.S. factory orders rose in February after six consecutive declines, but a sign of future demand tumbled, indicating manufacturing's troubles aren't over. Orders for manufactured goods increased 1.8%, following a downwardly revised 3.5% drop in January, the Commerce Department said Thursday.
[ Full Story ]- Read the Factory Orders data at Census Bureau
- US Factory Orders−STATS−Historical, Shpmts, Unfill, Invty (Dow Jones)
- US Factory Orders−STATS−Historical, Shpmts, −2− (Dow Jones)
- US Factory Orders−STATS−Historical, New Orders (Dow Jones)
US economic indicators - Factory orders could have improved somewhat by BHF−Bank
Economic Events
| Date (GMT) | Country | Event | Actual | Cons. | Previous | |
| Apr 2 | 14:00 | US | Factory Orders (Feb) | 1.8% | -1.3% | -3.5% |
| Apr 3 | 06:00 | DE | Import Price Index (MoM) | -0.1% | -0.3% | -0.5% |
| 07:15 | CH | Consumer Price Index (MoM) (Mar) | -0.3% | 0.0% | 0.2% | |
| 07:15 | CH | Consumer Price Index (YoY) (Mar) | -0.4% | -0.1% | 0.2% | |
| 07:55 | DE | Purchasing Manager Index Services (Mar) | 41.7 | 41.7 | ||
| 08:00 | EMU | Purchasing Manager Index Services (Mar) | 40.1 | 39.2 | ||
| 08:30 | UK | Purchasing Manager Index Services (Mar) | 43.6 | 43.2 | ||
| 09:00 | UK | Halifax House Prices (MoM) (Mar) | -2.0% | -2.3% | ||
| 09:00 | UK | Halifax House Prices (YoY) (Mar) | -17.7% | |||
| 12:30 | US | Average Hourly Earnings (MoM) (Mar) | 0.2% | 0.2% | ||