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Forex Blogs
Tech Trading: GBP/JPY The importance of the 100 SMA by César B. Leiceaga
The 100 simple moving average is the reference that players are using to determine the direction on the pair. (See daily chart below). Shorter time frames suggest a further bull move but pay attention to 151,80 − 152,00 level after NFP data is released, a significant resistance area.
The Advisor Weblog: Canada employment data by Valeria Bednarik
FX Market Readings: Expected market moves for week end by Dr. S. Sivaraman
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Live Sessions Schedule
SPECIAL EVENT: Trade Non−Farm Payrolls LIVE − 42nd Edition
Expert: Wayne McDonell
Start: Fri, Nov 6, 12:30 GMT
Sponsored by: 
Type of Session: Webinar
Trading Around Your Day Job
Expert: Ryan O'Keefe
Start: Fri, Nov 6, 20:00 GMT
Type of Session: Webinar
| Sponsored by | ||||
| Fri, Nov 6, 12:30 GMT | SPECIAL EVENT: Trade Non−Farm Payrolls LIVE − 42nd Edition | Wayne McDonell | WBN | |
| Fri, Nov 6, 20:00 GMT | Trading Around Your Day Job | Ryan O'Keefe | WBN |  |
| Mon, Nov 9, 05:00 GMT | Asian Session: Live Market Analysis | Dr.S.Sivaraman | WBN | |
| Mon, Nov 9, 11:00 GMT | FX Instructor Live Trading Room  | Mark De La Paz | WBN |  |
Current Session: Europe − U.S.
1.4905 is again providing some resistance this morning
ACM − Advanced Currency Markets − : 1.4905 is again providing some resistance this morning with scalpers taking an ever decreasing number of pips from their trades and in the process forming an ascending triangle formation on the hourly chart. Today will likely see a test of the short term downtrend at 1.4930 / 50 and a strong close above those levels will make the medium term uptrend look like it is back in play.
GBP/USD
We expect setbacks from 1.6600, down to the 1.6520 mark by KBC Bank
In a further, but slowing down, upmove the pound is trading currently at 1.6595 against the dollar, obviously unable to break the 1.6600 resistance zone significantly. We expect setbacks from this level, down to the 1.6520 mark for today's trading.
USD/JPY
USD/JPY decline from 90.85 holds at 90.40; shaping a triangle formation by FXstreet.com
The Dollar has been trading lower, yet in a narrow range during the day, with extremely low volatility ahead of U.S. non−farm payrolls report, and decline from session high at 90.70 has found support at 90.40.
Analyst Sentiment Index (ASI)
Analysts Sentiment Index - EUR/USD
**Source : FXstreet.com , Deltastock , Financial Trend Analysis , KBC
[ View ASI page ] [ View EUR/USD page ]
Charting the Market Movers
EUR USD, Hourly
GBP USD, Hourly
Event of the Day
US NONFARM PAYROLLS
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Nov 6 | 13:30 | Nonfarm Payrolls | - | -175K | -263K |
US nfp job losses likely moderated in October by Easy Forex
Stability in recent US jobless claims data, a sharp rise in Q3 GDP, improvement in the employment index of the October manufacturing ISM and a continued decline in the ADP unemployment index points to a slowdown in nfp job losses during October.
[ Full Story ]- CURRENCIES: Dollar Edges Lower Ahead Of Jobs Data (Dow Jones)
- European markets, flat ahead of U.S. NFP; Euro and Pound below week highs (FXstreet.com)
- CURRENCIES: Dollar Down Vs. Yen And Pound Ahead Of Jobs Report (Dow Jones)
Fundamental Currencies Comments - Calm markets ahead of U.S. jobs report by ecPulse.com
Calculations suggest that non−farm payroll employment fell by around 180,000 in October by ACM − Advanced Currency Markets
The payrolls data are expected to show an easing in the number of jobs lost by Dukascopy Swiss FX Group
Event of the Week
US FED INTEREST RATE DECISION
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Nov 4 | 19:15 | Fed Interest Rate Decision | 0.25% | 0.25% | 0.25% |
FED Interest Retes Review: The FED keeps rates unchanged feeding risk appetite by FXstreet.com
[ Full Story ]- Read the official statement at the Fed
- ForexLive New York wrap−up: Fed maintains easy stance (Forex Live)
- CURRENCIES: Dollar Dips Further As Fed Commits To Low Rates (Dow Jones)
- Forex: USD/JPY falls to 90.70 following FOMC statement (FXstreet.com)
US: The Fed still binded to a zero interest−rate policy by National Bank of Canada
Thoughts on the global economy and FX markets - The USD weakened following the FOMC meeting by Econometer.org
FOMC: steady as they go by KBC Bank
Economic Events
| Date (GMT) | Country | Event | Actual | Cons. | Previous | |
| Nov 6 | 00:00 | US | G20 Meeting | |||
| 09:30 | UK | Producer Price Index − Output (MoM) n.s.a (Oct) | 0.2% | 0.4% | 0.5% | |
| 09:30 | UK | Producer Price Index − Output (YoY) n.s.a (Oct) | 1.7% | 1.9% | 0.4% | |
| 11:00 | DE | Factory Orders n.s.a. (YoY) (Sep) | -13.1% | -13.6% | -20.4% | |
| 11:00 | DE | Factory Orders s.a. (MoM) | 0.9% | 1.0% | 1.4% | |
| 12:00 | CA | Net Change in Employment (Oct) | -43.0K | 10.3K | 30.6K | |
| 12:00 | CA | Unemployment Rate (Oct) | 8.6% | 8.4% | 8.4% | |
| 13:30 | US | Average Weekly Hours (Oct) | 33.1 | 33.0 | ||
| 13:30 | US | Nonfarm Payrolls | -175K | -263K | ||
| 13:30 | US | Unemployment Rate | 9.9% | 9.8% | ||
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