Friday, Jul 06, 11:16 GMT
U.S. Trading Newsletter
To Get Started
- FXstreet.com International Traders Conference: Come to Barcelona! Enjoy the Special Early Bird Discount
- Live Free-Access day: Attend for FREE to all our Webinars
- Who is going to be the FX Trader of the year? Find it out in the Forum
- Check out the NEW Flash Charts on the Rates & Charts Section
Send us your feedback. Post your comments about the new newsletters' format in the Forum.
Live Sessions Schedule
SPECIAL EVENT: Trade Non-Farm Payrolls LIVE - 14th Edition
Expert: Wayne McDonell
Start: Fri, Jul 6, 12:00 GMT
Sponsored by: 
Type of Session: Webinar
What moves currencies?
Expert: Tony Juste
Start: Mon, Jul 9, 10:00 GMT
Sponsored by: 
Type of Session: Webinar
| Sponsored By: | ||||
| Fri, Jul 6, 12:00 GMT | SPECIAL EVENT: Trade Non-Farm Payrolls LIVE - 14th Edition | Wayne McDonell | WBN | |
| Mon, Jul 9, 10:00 GMT | What moves currencies? | Tony Juste | WBN | |
| Mon, Jul 9, 12:00 GMT | US Pre-Market Open  | Ed Ponsi | WBN |  |
| Mon, Jul 9, 13:30 GMT | US Session Open | Ed Ponsi | WBN | |
| Mon, Jul 9, 14:00 GMT | Derek Frey's Outlook | Derek Frey | WBN |  |
Current Session: Europe - U.S.
EUR/USD
Global FX Daily - U.S. Edition - With US data continuing to strengthen, USD upside is favoured by Mellon Foreign Exchange
1.3450-85 is the main area, while 1.3555 will carry initial significance. It will be an important few days for EUR-USD and to put it simply, which barrier breaks first (1.3450-85 or the April 27 high of 1.3683) will dictate the trading bias for the next few weeks. Downside is favoured. The US employment report is today's main focal point.
- Looking for the Trader of the Year 2007: Take part in the 1st FXstreet.com Trading Contest
- Price Flash: EUR/USD pays off the failed MA's cross as it continues to trade into extremes, USD/CHF and Cable also out of bounds now by Tony Juste
- The Signals Tracker: track down the performance of a particular signals provider
- Check out how the currency moved on Live Currency Rates & Charts at FXstreet.com
- Follow up the most relevant Economic Data in the new Real Time Economic Calendar
- Be up to date with the Latest Forex News
Other Topics for this Session:
Forex Technical Report - Forex Technical Report GBP/USD by iFOREX.bg
Daily Outlook - USD/JPY daily by Karoll
Daily Forex Technical Report - Dollar Recovery Continues, Non-Farm Payroll in Focus by ActionForex.com
Majors at a Glance
- EUR/USD
- Trades below opening price level 1.3597 , below pivot level 1.3612
07/06/2007 09:40 GMT - GBP/USD
- Trades below opening price level 2.0115 , below pivot level 2.0134
07/06/2007 09:40 GMT - USD/CHF
- Moves up above opening price level 1.2173 , above pivot level 1.2157
07/06/2007 09:40 GMT - USD/JPY
- Moves up above first resistant level 123.19
07/06/2007 09:40 GMT
Analyst Sentiment Index (ASI)
Analysts Sentiment Index - GBP/USD
**Source : ActionForex.com, CMS Forex, Danske Bank A/S, Finotec Group Inc., FXstreet.com, Global Forex Trading Ltd. , Mizuho Corporate Bank
[ View ASI page ] [ View GBP/USD page ]
Charting the Market Movers
EUR USD, Hourly
GBP USD, Hourly
Top Market Movers Preview
US NONFARM PAYROLLS
| Date (GMT) | Event | Cons. | Previous | |
| Jul 6 | 12:30 | Nonfarm Payrolls | 120K | 157K |
Daily Forex Commentary - Important Unemployment Numbers by Jyske Bank
Today the week’s and month’s most important key indicators are published. Unemployment and wages are closely linked to expectations for future rate lvls from FED through private consumption and realestate markets.
[ Full Story ]Wakeup Call on Forex Markets - US June Job Report Key Event Today by Saxo Bank
Asia Market Update - USD holds on to gains as traders see upside risk to tomorrow's NFP report by Trade The News
Top Market Movers Review
Germany FACTORY ORDERS
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Jul 6 | 10:00 | Factory Orders (YoY) | 7.5% | 8.6% | 11.7% |
| Jul 6 | 10:00 | Factory Orders (MoM) | 3.2% | 0.5% | -1.6% |
Factory orders surge in Germany in May (FXstreet.com)
German industrial sector posted a far better than expected reading on factory orders in May, fuelled by a large increase consumer goods orders, that posted their strongest increase in seven years, according to the latest report by the German Economics Ministry.
[ Full Story ]- Factory Orders - May by Destatis
- German May Manufacturing Orders Data Table (Dow Jones)
- DATA SNAP: German Mfg Orders Surge 3.2% On Month In May -2- (Dow Jones)
- DATA SNAP: German Mfg Orders Surge 3.2% On Month In May (Dow Jones)
UK INDUSTRIAL PRODUCTION
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Jul 6 | 08:30 | Industrial Production (MoM) | 0.6% | 0.3% | 0.3% |
UK Industrial Production grows larger than expected in May (FXstreet.com)
Good news for UK’s manufacturing sector, as industrial production grew sharply larger than expected in May and manufacturing output increased to its highest level since August 2001, as the latesrtt report by National Statistics shows.
[ Full Story ]- Index of Production - May by National Statistics
- Forex - Pound boosted slightly by strong UK manufacturing data (Thomson Financial News)
- DATA SNAP: UK May Manufacturing Strongest Since Aug 2001 -2- (Dow Jones)
- UK May manufacturing output at highest level since August 2001 (Thomson Financial News)
Economic Events
| Date (GMT) | Country | Event | Actual | Cons. | Previous | |
| Jul 6 | 08:30 | UK | Industrial Production (MoM) | 0.6% | 0.3% | 0.3% |
| 08:30 | UK | Industrial Production (YoY) | 0.5% | 0.3% | 0.4% | |
| 10:00 | DE | Factory Orders (MoM) | 3.2% | 0.5% | -1.6% |
|
| 10:00 | DE | Factory Orders (YoY) (May) | 7.5% | 8.6% | 11.7% | |
| 12:30 | US | Average Hourly Earnings (MoM) (Jun) | $0.30 | $0.06 | ||
| 12:30 | US | Average Weekly Hours (Jun) | 33.9 | 33.9 | ||
| 12:30 | US | Nonfarm Payrolls | 120K | 157K | ||
| 12:30 | US | Unemployment Rate (Jun) | 4.5% | 4.5% | ||
| 15:10 | CA | Net Change in Employment (Jun) | 15.8K | 9.3K | ||
| Jul 10 | 09:25 | CA | BoC Interest Rate Announcement | 4.25% | ||