Friday, Nov 02, 12:44 GMT
U.S. Trading Newsletter
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Trading Plan discussion with Rob Booker
Post your notecard trading plan during this month and win Rob Booker's latest book 'Adventures of a Currency Trader'. At the end of the month, Rob and FXstreet.com experts will review the notecards and choose the best one.
- 'Adventures of a Currency Trader' Review in the Books Section
Live Sessions Schedule
SPECIAL EVENT: Trade Non−Farm Payrolls LIVE − 18th Edition
Expert: Wayne McDonell
Start: Fri, Nov 2, 12:00 GMT
Sponsored by: 
Type of Session: Webinar
| Sponsored by | ||||
| Fri, Nov 2, 12:00 GMT | SPECIAL EVENT: Trade Non−Farm Payrolls LIVE − 18th Edition | Wayne McDonell | WBN | |
| Mon, Nov 5, 11:00 GMT | What Moves Currencies? − Preview of the Week Ahead | Tony Juste | WBN |  |
| Mon, Nov 5, 12:00 GMT | Weekly Webinar: 1st on Forex − The Week Ahead | Jerry Furst | WBN |  |
| Mon, Nov 5, 14:00 GMT | FX Instructor Live Trading Room  | Nader Moustafa | WBN |  |
Current Session: Europe − U.S.
GBP/USD
Forex Technical Report − GBP/USD 2.0817 − 2 November by iFOREX.bg
GBP/USD Open 2.0777 High 2.0875 Low 2.0752 Close 2.0767
After consolidating under the resistance level at 2.0865 the British Pound today continued its convincing upward movement. In upward direction next resistances upwards are 2.0895 and 2.1025.
- GBP/USD intraday chart at Tony Juste's blog
- Long−term Forex Perspectives: Our new blog by John Jagerson and S. Wade Hansen
- New Webinars Video − Access now Educational Sessions Recordings
- 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:
Preview Strategies for − Preview Strategies for EUROPEAN SESSION 02/11/2007 by AKforex
EUR/JPY Daily Technical Forex − EUR/JPY Daily Technical Forex by Stoploss.ch
Daily Technical Analysis − EUR: Consolidating neatly under the record high at 1.4508 by Mizuho Corporate Bank
Majors at a Glance
- EUR/USD
- Trades above first resistant level 1.4466
11/02/2007 12:05 GMT - GBP/USD
- Trades around first resistant level 2.0849
11/02/2007 12:06 GMT - USD/CHF
- Trades below first support level 1.1546
11/02/2007 12:06 GMT - USD/JPY
- Stays below pivot level 114.98
11/02/2007 12:07 GMT
Analyst Sentiment Index (ASI)
Analysts Sentiment Index - EUR/USD
**Source : ActionForex.com, CMS Forex, Danske Bank A/S, FXstreet.com, Global Forex Trading, Mizuho Corporate Bank
[ View ASI page ] [ View EUR/USD page ]
Charting the Market Movers
USD JPY, Hourly
GBP USD, Hourly
Top Market Movers Preview
US NONFARM PAYROLLS
| Date (GMT) | Event | Cons. | Previous | |
| Nov 2 | 12:30 | Nonfarm Payrolls | 80K | 110K |
Friday Notes - Fed: The first cut was the deepest by HVB Group
The spurt in weekly jobless claims took place during the survey week for the October employment report. Thus, we expect smaller net job creation than in prior months. The unemployment rate should be little changed, however. Average hourly earnings probably increased a moderate 0.3%, as in most recent months.
[ Full Story ]Top Market Movers Review
Canada NET CHANGE IN EMPLOYMENT
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Nov 2 | 12:30 | Unemployment Rate | - | 4.7% | 4.7% |
| Nov 2 | 11:00 | Net Change in Employment | 63.0K | 12.0K | 51.1 |
Canada Dollar Rallies To New Record High On Jobs Data (Dow Jones)
The Canadian dollar rallied to a new record high early Friday morning after the release of unexpectedly robust jobs data for October. The U.S. dollar dropped sharply to a low of C$0.9386, according to electronic trading system EBS, after news that the Canadian economy created 63,000 jobs in October, significantly exceeding the roughly 11,000 forecast by economists.
[ Full Story ]- Read the Labour Force Survey report at Statistics Canada
- Employment continues growing in Canada in October (FXstreet.com)
- Canada Oct Unemployment Rate edges down to 5.8%; 63,000 jobs created (FXstreet.com)
EMU PMI MANUFACTURING INDEX
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Nov 2 | 09:00 | PMI Manufacturing Index | 51.5 | 51.5 | 53.2 |
Euro Zone's PMI Manufacturing Index decreases in October (FXstreet.com)
Manufacturing activity continued growing in the Euro Zone in October, although at a slower pace than in previous months, according to the latest PMI manufacturing report.
[ Full Story ]- Ntc Research Homepage
- Euro−Zone October Mfg PMI 51.5 Vs 53.2 In Sep (Dow Jones)
- EU PMI Manufacturing Index down to 51.5 in Oct from 53.2 in Sept (FXstreet.com)
Germany PMI MANUFACTURING INDEX
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Nov 2 | 08:55 | PMI Manufacturing Index | 51.7 | 53.5 | 54.9 |
German Oct manufacturing PMI 51.7 points; consensus 53.5 − sources (Thomson Financial News)
The German purchasing managers' index for manufacturing dropped to 51.7 points in October from 54.9 points in September, and lower than expected, market sources said.
[ Full Story ]- Ntc Research Homepage
- Germany Oct PMI Manufacturing Index falls to 51.7 vs 54.9 in Sept (FXstreet.com)
Economic Events
| Date (GMT) | Country | Event | Actual | Cons. | Previous | |
| Nov 2 | 06:45 | CH | Consumer Price Index (MoM) (Sep) | 0.9% | 0.8% | 0.1% |
| 06:45 | CH | Consumer Price Index (YoY) (Oct) | 1.3% | 1.2% | 0.7% | |
| 08:55 | DE | PMI Manufacturing Index (Oct) | 51.7 | 53.5 | 54.9 | |
| 09:00 | EMU | PMI Manufacturing Index (Oct) | 51.5 | 51.5 | 53.2 | |
| 11:00 | CA | Net Change in Employment (Oct) | 63.0K | 12.0K | 51.1 | |
| 11:00 | CA | Unemployment Rate (Sep) | 5.8% | 5.9% | 5.9% | |
| 12:30 | US | Average Hourly Earnings (MoM) (Oct) | 0.3% | 0.4% | ||
| 12:30 | US | Average Hourly Earnings (YoY) (Oct) | 4.0% | 4.1% | ||
| 12:30 | US | Average Weekly Hours (Oct) | 33.8 | 33.8 | ||
| 12:30 | US | Nonfarm Payrolls (Oct) | 80K | 110K | ||