Friday, Dec 07, 12:06 GMT
U.S. Trading Newsletter
To Get Started
- Brand new Futures Quotes & Charts available
- Special Webinar: Trade Non-Farm Payrolls Live with Wayne McDonell - Dec. 7
- ECB and BoE - Review of Dec 6 meeting: BoE cuts 25bp, ECB unchanged by FXstreet.com
- NEW Webinar Video: Building a Trading System in the Forex by John Jagerson
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Live Sessions Schedule
SPECIAL EVENT: Trade Non−Farm Payrolls LIVE − 19th Edition
Expert: Wayne McDonell
Start: Fri, Dec 7, 13:00 GMT
Sponsored by: 
Type of Session: Webinar
What Moves Currencies? − Preview of the Week Ahead
Expert: Tony Juste
Start: Mon, Dec 10, 11:00 GMT
Sponsored by: 
Type of Session: Webinar
| Sponsored by | ||||
| Fri, Dec 7, 13:00 GMT | SPECIAL EVENT: Trade Non−Farm Payrolls LIVE − 19th Edition | Wayne McDonell | WBN | |
| Mon, Dec 10, 11:00 GMT | What Moves Currencies? − Preview of the Week Ahead | Tony Juste | WBN | |
| Mon, Dec 10, 12:00 GMT | Weekly Webinar: 1st on Forex − The Week Ahead | Jerry Furst | WBN |  |
| Mon, Dec 10, 13:00 GMT | US Pre−Market Open  | Ed Ponsi | WBN |  |
Current Session: Europe − U.S.
GBP/USD
Forex Technical Report − GBP/USD 2.0285 − 7 December by iFOREX.bg
GBP/USD Open 2.0282 High 2.0325 Low 2.0187 Close 2.0273
The Cable tested the 2.0220 level against the US Dollar, which is 62% Fibonacci correction of the climb 1.9660 – 2.1165, and this is the first support for today. Next support is 2.0160, followed by 2.0100. In upward direction resistance is expected at 2.0330, followed by 2.0400 and 2.0470.
- What's going on? 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:
EUR/JPY Daily Technical Forex − EUR/JPY Daily Technical Forex by Stoploss.ch
Daily Analysis − Euro up on hawkish Trichet; yen trips as stocks rise by Finotec Group Inc.
Forex Trading Strategies − Hawkish Trichet put a floor under EUR for the moment by Saxo Bank
Majors at a Glance
- EUR/USD
- Back around opening price level 1.4635 , above pivot level 1.4604
12/07/2007 11:17 GMT - GBP/USD
- Back around opening price level 2.0278 , above pivot level 2.0257
12/07/2007 11:18 GMT - USD/CHF
- Trades around pivot level 1.1304
12/07/2007 11:18 GMT - USD/JPY
- Moves up toward first resistant level 111.65
12/07/2007 11:19 GMT
Analyst Sentiment Index (ASI)
Analysts Sentiment Index - EUR/USD
**Source : ActionForex.com, Aspen Trading Group, 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
EUR USD, Hourly
GBP USD, Hourly
Top Market Movers Preview
US NONFARM PAYROLLS
| Date (GMT) | Event | Cons. | Previous | |
| Dec 7 | 13:30 | Nonfarm Payrolls | 70K | 166K |
Trading News Report - Trading NFPs As Speculation Of A 50bp Fed Cut Grows by FXCM
The top FX market−moving indicator has come around once again. The latest consensus for the Bureau of Labor Statistics' non−farm payrolls report for November is calling for an 80,000 increase in national hires.
[ Full Story ]- Ahead of the Bell: Unemployment Rate (Thomson Financial News)
- Japanese govt bonds close mixed ahead of US jobs report, FOMC meeting (Thomson Financial News)
Daily Market Briefing - How Will the US Dollar React to Non−Farm Payrolls? by FXCM
Asia Market Update - Currencies Stuck in Tight Ranges Ahead of NFP Data by Trade The News
Top Market Movers Review
Germany INDUSTRIAL PRODUCTION S.A.
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Dec 7 | 11:00 | Industrial Production s.a. (MoM) | -0.3% | -0.5% | 0.1% |
| Dec 7 | 11:00 | Industrial Production s.a. w.d.a. (YoY) | 6.0% | 5.9% | 5.8% |
DATA SNAP: German Oct Indus Output −0.3% On Mo, +6.0% On Yr (Dow Jones)
German industrial production fell on the month in October, as anticipated, with declining energy production holding down the overall figure, data released by the German Economics Ministry showed Friday.
[ Full Story ]- German Economics Ministry (BMWi) homepage
- UPDATE: German Oct Indus Output −0.3% On Mo, +6.0% On Yr (Dow Jones)
- German Oct industrial output down 0.3 pct from Sept; in line with consensus (Thomson Financial News)
- German industrial production declines in October, as expected (FXstreet.com)
EMU economic indicators - German industrial new orders and output in the producing sector probably deteriorated in October by BHF−Bank
Economic Events
| Date (GMT) | Country | Event | Actual | Cons. | Previous | |
| Dec 7 | 08:00 | FR | Trade Balance (Oct) | -3.637B | -3.215B | |
| 11:00 | DE | Industrial Production s.a. (MoM) (Oct) | -0.3% | -0.5% | 0.1% |
|
| 11:00 | DE | Industrial Production s.a. w.d.a. (YoY) (Oct) | 6.0% | 5.9% | 5.8% |
|
| 11:00 | EMU | OECD Euro Zone Leading Indicator Index (Oct) | 98.4 | 98.4 |
||
| 12:00 | CA | Net Change in Employment (Nov) | 42K | 15K | 63K | |
| 12:00 | CA | Unemployment Rate (Nov) | 5.9% | 5.9% | 5.8% | |
| 13:30 | US | Average Hourly Earnings (MoM) (Nov) | 0.3% | 0.2% | ||
| 13:30 | US | Average Hourly Earnings (YoY) (Nov) | 3.8% | 3.8% | ||
| 13:30 | US | Average Weekly Hours (Nov) | 33.8 | |||
| 13:30 | US | Nonfarm Payrolls (Nov) | 70K | 166K | ||