Friday, Jan 05, 11:50 GMT
U.S. Trading Newsletter
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SPECIAL EVENT: Trade Non-Farm Payrolls LIVE - 8th Edition
Expert: Wayne McDonell
Start: Fri, Jan 5, 13:00 GMT
Sponsored by: 
Type of Session: Webinar
Current Session: Europe - U.S.
EUR/USD
Global FX Daily - European Edition - JPY corrects higher helped by ongoing suspicions about BoJ rate hike by Mellon Foreign Exchange
Some weak data will be required to prevent further position adjustment, although this will only get serious for EUR-USD if it falls back below the 1.2950-1.3000 area, which was the initial breakout point in November. Initial short-term support comes in at 1.3050.
- Check out how the currency moved on Live Currency Rates & Charts at FXstreet.com
- Insight on the fundamentals in the Fundamentals section at FXstreet.com
- What´s next on the agenda? Take a look at our Economic Events Calendar
- What's going on in the markets? Read our latest Forex news
Other Topics for this Session:
Daily Forex Outlook - Greenback gains on the majors as market awaits non-farm payrolls by Easy Forex
Daily Market Commentary - The dollar surged further on Thursday versus the European currencies by Global Forex Trading Ltd.
Wakeup Call on Forex Markets - Focus on US Job Report by Saxo Bank
Majors at a Glance
- EUR/USD
- Continues to trade below 1.3100
1/5/2007 11:37:01 AM - GBP/USD
- Trades slightly below 1.9400
1/5/2007 11:39:46 AM - USD/CHF
- Moves down below 1.2300
1/5/2007 11:42:25 AM - USD/JPY
- Moves down toward 118.00
1/5/2007 11:45:17 AM
Analyst Sentiment Index (ASI)
Analysts Sentiment Index - EUR/USD
**Source : Danske Bank A/S, FXstreet.com, Global Forex Trading Ltd. , KBC Bank, Mizuho Corporate Bank
[ View ASI page ] [ View EUR/USD page ]
Charting the Market Movers
EUR USD, Hourly
USD JPY, Hourly
Top Market Movers Preview
U.S. Non-Farm Payrolls
| Period | Previous | Consensus | Time |
| December (Change) | 132k | 100k | Jan 5, 13:30 GMT |
| December (Unemployment Rate) | 4.5% | 4.5% | Jan 5, 13:30 GMT |
Non-Farm Payrolls Preview - How Bad Can It Be? by FXCM
We are expecting the December Non-farm payrolls report tomorrow morning and now more than the ever the amount of jobs added or subtracted by US corporations last month could determine where the US dollar is headed next.
[ Full Story ]- U.S. Department of Labor
- Yen firmer, euro down vs US dollar in Sydney afternoon ahead of payrolls (AFX News)
- Gold steadies, awaits U.S. payrolls data (AFX News)
- US dollar rangebound ahead of US jobs data (AFX News)
- Register now to our SPECIAL EVENT: Trade Non-Farm Payrolls LIVE - 8th Edition
- Tony Juste, FX Advisor at FXstreet.com:
"The expectations are pretty pessimistic for the number of jobs being created in the US. Obviously, detractors will argue that current monetary policy is too tight for the labour market, but I would not go that far. We still have to see where the 3-month average sits and if there is an imminent threat to break the current positive tone of the US employment market. I would not even rule out a surprise in the figures, and that would certainly boost the USD to break some key levels against the other majors." - FXstreet.com
U.S: Weak December Payrolls? by KBC Bank
Wakeup Call on Forex Markets - Focus on US Job Report by Saxo Bank
Top Market Movers Review
European Indicators Recap
| Indicator | Previous | Consensus | Actual |
| PPI (MoM) | 0% | 0.1% | 0% |
| PPI (YoY) | 4% | 4.3% | 4.3% |
| Retail Sales (MoM) | 0.3% | 0.5% | 0.5% |
| Retail Sales (YoY) | 1.1% | 1.6% | 1.3% |
| Unemployment Rate | 7.7% | 7.6% | 7.6% |
| Consumer Confidence | -7p | -7p | -6p |
- Industrial producer prices stable in euro area - Eurostat [PDF, 268Kb]
- Producer prices remain flat in November in the Euro Zone (FXstreet.com)
- Volume of retail trade up by 1.3% in euro area - Eurostat
- Retail Sales grow 0.5% in November in the Euro Zone (FXstreet.com)
- Euro area unemployment down to 7.6% - Eurostat [PDF, 200Kb]
- Unexpected decrease of unemployment in the Euro Zone (FXstreet.com)
- EMU Consumer Confidence picks up (FXstreet.com)
- Euro zone Dec economic sentiment eases to 110.1; business climate at record high (AFX News)