Friday, Feb 02, 12:03 GMT
U.S. Trading Newsletter
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Special Webinar
SPECIAL EVENT: Trade Non-Farm Payrolls LIVE - 9th Edition
Expert: Wayne McDonell
Start: Fri, Feb 2, 13:00 GMT
Sponsored by: 
Type of Session: Webinar
Current Session: Europe - U.S.
GBP/USD
Daily Forex Technical Report - Markets to Focus on Non-Farm Payroll Report by ActionForex.com
Cable's rebound from 1.9480 has reached as high as 1.9747, breaking marginally above 1.9695 cluster resistance (50% retracement of 1.9913 to 1.9480 at 1.9697) before retreating mildly. As discussed before, break of 1.9659 cluster resistance suggest that fall from 1.9913 has already completed at 1.9480 after failing to break through mentioned trend line support rising trend line support (1.8517 to 1.8834).
- 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:
Forex Technical Analysis - EUR/USD:(1.2965) Below the neckline of a MT Double Top by KBC Bank
Speculative Sentiment Index (SSI) - EUR/USD – Positioning Ratio Grows More Net Short by FXCM
Global FX Daily - European Edition - Paulson plays down JPY comments by Mellon Foreign Exchange
Majors at a Glance
- EUR/USD
- Trading continues to be choppy around 1.3020
2/2/2007 11:14:36 AM - GBP/USD
- Only a clean move past 1.9670 or 1.9630 could make momentum to start picking up
2/2/2007 11:16:29 AM - USD/CHF
- Still resisting above 1.2420, but now 1.2460 is capping the upside.
2/2/2007 10:05:54 AM - USD/JPY
- Supported by a trendline break, 120.50 seems to hold the key short term
2/2/2007 10:20:14 AM
Analyst Sentiment Index (ASI)
Analysts Sentiment Index - EUR/USD
**Source : CMS Forex, 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
GBP USD, Hourly
Top Market Movers Preview
Non-Farm payrolls
| Period | Previous | Consensus | Time |
| January | 167K | 148K | Feb 2, 13:30 GMT |
Special Coverage - Non-Farm payrolls by FXstreet.com
Employment figures are expected to go in sync with the current bullish tone for US economy, with an estimate of around 150,000 new jobs being created.
- Register now to our Special Webinar: Trade Non-Farm payrolls LIVE with Wayne McDonell
Top Market Movers Review
Euro Zone PPI
| Period | Previous | Consensus | Actual |
| December (MoM) | 0% | 0% | 0% |
| December (YoY) | 4.3% | 4.1% | 4.1% |
European Market Update - Euro-Zone PPI for the month of December was in line with expectation by Trade The News
Euro-Zone PPI for the month of December was in line with expectation at 0.0% m/m and 4.1% y/y. Excluding the energy sector PPI rose 0.1% m/m.
[ Full Story ]- Industrial producer prices stable in euro area - Eurostat [PDF, 136k]
- Euro Zone PPI, flat on the month with energy prices on decline (FXstreet.com)
- Euro-Zone Dec Prod Prices Flat 3rd Mo In Row (Dow Jones)
- Euro zone Dec PPI flat vs Nov, up 4.1 yr-on-yr (AFX News)
- Tony Juste, FX Advisor at FXstreet.com:
"PPI flat for the third time in-a-row signals that inflation is or should to constitute a real concern for European policy makers for the time being, and that growth should drive the reasonings and decisions for a sustainable economy. The annual rate just above 4% is also good, taking into account expectations where of around 5% not so long ago." - FXstreet.com