Friday, Sep 07, 11:16 GMT
U.S. Trading Newsletter
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- The Brokers (re) Evolution: The CEO's reply
- SPECIAL EVENT: Trade Non-Farm Payrolls LIVE on Fri, Sep 7 2007, 12:00 GMT
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Live Sessions Schedule
SPECIAL EVENT: Trade Non−Farm Payrolls LIVE − 16th Edition
Expert: Wayne McDonell
Start: Fri, Sep 7, 12:00 GMT
Sponsored by: 
Type of Session: Webinar
Strategies for Long Term Profits in the Forex
Expert: John Jagerson
Start: Mon, Sep 10, 12:00 GMT
Sponsored by: 
Type of Session: Webinar
| Sponsored by | ||||
| Fri, Sep 7, 12:00 GMT | SPECIAL EVENT: Trade Non−Farm Payrolls LIVE − 16th Edition | Wayne McDonell | WBN | |
| Mon, Sep 10, 09:00 GMT | Asia−Pacific trading Webinar  | Abdul Khan | WBN | |
| Mon, Sep 10, 10:00 GMT | What Moves Currencies? − Preview of the Week Ahead | Tony Juste | WBN |  |
| Mon, Sep 10, 12:00 GMT | Strategies for Long Term Profits in the Forex | John Jagerson | WBN | |
Current Session: Europe − U.S.
GBP/USD
Bank Recomendations − BNP PARIBAS, TRL by Finotec Group Inc.
Still seen testing resistance, with $2.0270 (seen) as a bullish break point (ascending resistance line). Support is at $2.0185. Above $2.0270, the next target is at $2.0395. The very bearish reversal point is at $2.0040."
- GBP/USD on the edge by Tony Juste
- TRENDEX: Real−time market comments and trading tips. Get your Trial Account now!
- Check out how pairs moved: Live Currency Rates & Charts
- 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:
Daily Analysis − U.S. nonfarm payrolls report will lead the market by Finotec Group Inc.
Currency Speculations − Between a Rock and a Hard Place by Mihai Nichisoiu
Forex Technical Report − Forex Technical Report GBP/USD by iFOREX.bg
Majors at a Glance
- EUR/USD
- Back above pivot level 1.3677
09/07/2007 11:02 GMT - GBP/USD
- Back around pivot level 2.0214
09/07/2007 11:02 GMT - USD/CHF
- Stays below pivot level 1.2023 with narrow daily range
09/07/2007 11:02 GMT - USD/JPY
- Trades below pivot level 115.25
09/07/2007 11:02 GMT
Analyst Sentiment Index (ASI)
Analysts Sentiment Index - EUR/USD
**Source : ActionForex.com, CMS Forex, Danske Bank A/S, FXstreet.com, Global Forex Trading Ltd. , Mizuho Corporate Bank
[ View ASI page ] [ View EUR/USD page ]
Charting the Market Movers
EUR USD, Hourly
GBP USD, Hourly
Top Market Movers Preview
US NONFARM PAYROLLS
| Date (GMT) | Event | Cons. | Previous | |
| Sep 7 | 12:30 | Nonfarm Payrolls | 108K | 92K |
Daily Analysis - U.S. nonfarm payrolls report will lead the market by Finotec Group Inc.
Today U.S. nonfarm payrolls report will be important in determining if the Fed will cut rates, Salvaggio said. If job gains totaled less than 50,000 last month, that takes "anything but a 50−basis−point cut off the table,'' he said.
[ Full Story ]- Forex − US dollar slightly higher Sydney morning ahead of payrolls report (Thomson Financial News)
Trading News Report - How To Trade The US Nonfarm Payrolls Report by FXCM
Wakeup Call on Forex Markets - All Eyes on the US Job Report by Saxo Bank
Top Market Movers Review
Germany INDUSTRIAL PRODUCTION S.A.
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Sep 7 | 10:00 | Industrial Production s.a. (MoM) | 0.1% | 0.9% | -0.2% |
| Sep 7 | 10:00 | Industrial Production s.a. w.d.a. (YoY) | 4.6% | 4.9% | 5.2% |
DATA SNAP: German July Indus Output Disappoints At +0.1%MM (Dow Jones)
German industrial production rose in July, but not as much as expected, spurred largely by growth in industrial construction, data released by the German Economics Ministry showed Friday.
[ Full Story ]- German Economics Ministry homepage
- German industrial output grows below expectations in July (FXstreet.com)
- DATA SNAP: German July Indus Output Rises 0.1% MM −2− (Dow Jones)
- Germany: Industrial Production s.a. increases 0.1% on the month; 4.6% up on the year (FXstreet.com)
EMU economic indicators - German output in the producing sector by BHF−Bank
Economic Events
| Date (GMT) | Country | Event | Actual | Cons. | Previous | |
| Sep 7 | 10:00 | DE | Industrial Production s.a. (MoM) (Jul) | 0.1% | 0.9% | -0.2% |
| 10:00 | DE | Industrial Production s.a. w.d.a. (YoY) (Jul) | 4.6% | 4.9% | 5.2% |
|
| 11:00 | CA | Net Change in Employment (Aug) | 23.3K | 16.5K | 11.3K | |
| 11:00 | CA | Unemployment Rate (Aug) | 6.0% | 6.1% | 6.0% | |
| 12:30 | US | Average Hourly Earnings (MoM) (Aug) | 0.3% | 0.3% | ||
| 12:30 | US | Average Hourly Earnings (YoY) (Aug) | 3.9% | |||
| 12:30 | US | Average Weekly Hours (Aug) | 33.8 | 33.8 | ||
| 12:30 | US | Nonfarm Payrolls (Aug) | 108K | 92K | ||
| 12:30 | US | Unemployment Rate (Aug) | 4.6% | 4.6% | ||
| 14:00 | US | Wholesale Inventories (Jul) | 0.5% | 0.5% | ||