Friday, Jun 05, 07:50 GMT
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Forex Blogs
Forex Trading Today: Markets Prepare Levels Ahead of Non−Farm Payrolls by Tim Salem
Greetings, Everyone and Welcome to NFP Friday! The historical "Fundamental Benchmark" of the Currency Markets is upon us once again… with Consensus calling for slight Improvement in the Data Release. After ADP comes in at a slightly negative −7000 Clip off of Consensus… Unemployment Claims, Unit Labor Costs, and Non−Farm Productivity all cam "In Line" with Consensus yesterday… giving a "Tempered View" to NFP tomorrow as a whole.
FX Market Readings: Expected moves before and after NFP data and for week end by Dr.S. Sivaraman
The Disciplined Trader: USD Index - Looking impulsiveby Pierre Charlebois
Sponsored by 
Live Sessions Schedule
SPECIAL EVENT: Trade Non−Farm Payrolls LIVE − 37th Edition
Expert: Wayne McDonell
Start: Fri, Jun 5, 11:30 GMT
Sponsored by: 
Type of Session: Webinar
| Sponsored by | ||||
| Fri, Jun 5, 09:00 GMT | FX Instructor Live Trading Room  | Mark De La Paz | WBN |  |
| Fri, Jun 5, 11:30 GMT | SPECIAL EVENT: Trade Non−Farm Payrolls LIVE − 37th Edition | Wayne McDonell | WBN | |
| Mon, Jun 8, 05:00 GMT | Asian Session: Live Market Analysis | Dr.S.Sivaraman | WBN |  |
| Mon, Jun 8, 16:00 GMT | Advanced Methods for Finding Dominant Trends in Forex Markets | Mark Whistler | WBN | |
Current Session: Europe
Neutral Hourly Consolidation is seen with Price locked between 1.4164 and 1.4230
FXstreet.com Independent Analyst Team − Neutral Hourly Consolidation is seen as Price shows a Lock between the 1.4164 Daily pivot acting as Dynamic Support, and the 1.4230 Dynamic Resistance.
Slight RSI Readings and Slope at "49" look to subtle Bearishness, as Price cutting through the Hourly 20MSA and Daily Pivot sees 1.4126 Dynamic Support in the Immediate−Term. Further Depreciation sees the Static Support at 1.4099 with slight Confluence with the Hourly 200SMA, which should Hold Price considering Event−Risk and Consolidation.
GBP/USD
Forex Chartist Technical Analysis − GBP/USD: Excellent support from break point of 1.6040 should hold by Charmer Charts.com
Buyers came under fire yesterday again and this morning they have suffered further weakness. However this move lower has eased the severe overbought conditions of the charts.
USD/JPY
Forecast on USD Majors − Expect the price to creep higher as long as 9625 is not breached by Precise Trader
USDJPY closed above the open .Non−Farm Employment change out today. The Hourly Oscillators are bullish but weak , so cautious approach is needed.
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 | |
| Jun 5 | 12:30 | Nonfarm Payrolls | -521K | -539K |
| Jun 5 | 12:30 | Average Hourly Earnings (YoY) | 3.1% | 3.2% |
| Jun 5 | 12:30 | Average Weekly Hours | 33.2 | 33.2 |
| Jun 5 | 12:30 | Average Hourly Earnings (MoM) | 0.1% | 0.1% |
| Jun 5 | 12:30 | Unemployment Rate | 9.2% | 8.9% |
US: Employment − Have We Reached a Turning Point? by Wachovia
[ Full Story ]Daily Forex Strategy Briefing - Greenback Mixed Ahead of Job Report by CMS Forex
Daily Video Recap - High Yielders Sink Prior to ECB and BOE Decisions and Friday's Jobs Report by CMS Forex
Top Market Movers Review
US NONFARM PRODUCTIVITY
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Jun 4 | 12:30 | Unit Labor Costs | 3.0% | 2.9% | 5.7% |
| Jun 4 | 12:30 | Nonfarm Productivity | 1.6% | 1.2% | -0.4% |
DATA SNAP: US Productivity Brushes Off Recession, Posts Gain (Dow Jones)
[ Full Story ]- Productivity and costs data at Bureau of Labor Statistics of the US Department of Labor
- US Nonfarm Productivity increases to 1.6% in 1Q; above consensus (FXstreet.com)
- US 1Q Unit Labor Costs decline to 3% vs 5.7% (FXstreet.com)
- Table Of Productivity Data From Labor Dept (Dow Jones)
US economic indicators - Nonfarm productivity is likely be revised up by BHF−Bank
Economic Events
| Date (GMT) | Country | Event | Actual | Cons. | Previous | |
| Jun 4 | 13:00 | CA | BoC Interest Rate Decision | 0.25% | 0.25% | 0.25% |
| 14:00 | CA | Ivey Purchasing Managers Index (May) | 48.4 | 54.3 | 53.7 | |
| Jun 5 | 07:15 | CH | Consumer Price Index (MoM) (May) | 0.2% | 0.2% | 0.9% |
| 07:15 | CH | Consumer Price Index (YoY) (May) | -1.0% | -0.9% | -0.3% | |
| 08:30 | UK | Producer Price Index − Input (MoM) s.a (May) | 0.8% | -1.0% | ||
| 08:30 | UK | Producer Price Index − Input (YoY) n.s.a (May) | -8.3% | -5.0% | ||
| 08:30 | UK | Producer Price Index − Output (MoM) n.s.a (May) | 0.4% | 0.6% | ||
| 08:30 | UK | Producer Price Index − Output (YoY) n.s.a (May) | -0.4% | 1.2% | ||
| 11:00 | CA | Net Change in Employment (May) | -36.5K | 35.9K | ||
| 11:00 | CA | Unemployment Rate (May) | 8.2% | 8.0% | ||
Educational Resources
Listen to Steven Croft's podcast about trading strategies and psychology matters. Listen now! Here are the topics for this week:
− You Need To Learn How To Dance In The Rain
− When You Find The Right Track... Don't Just Get On... Get Going!
− Enthusiasm Brings About A Triumph
− Thinking Can Make Impossible Become Possible
− Don't Just Look, Make Sure That You Truly See And Understand
Related Resources
Emotion Management System - Report by Dima Chernovolov
Trading and Emotions - Report by Tomas Cedavicius
Conquering Fear and Greed: How to Deal With Emotions When Trading - Webinar recording by Markus Heitkoetter