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U.S. Trading Newsletter
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Live Sessions Schedule
SPECIAL EVENT: Trade Non−Farm Payrolls LIVE − 20th Edition
Expert: Wayne McDonell
Start: Fri, Jan 4, 13:00 GMT
Sponsored by: 
Type of Session: Webinar
| Sponsored by | ||||
| Fri, Jan 4, 13:00 GMT | SPECIAL EVENT: Trade Non−Farm Payrolls LIVE − 20th Edition | Wayne McDonell | WBN | |
| Mon, Jan 7, 11:00 GMT | What Moves Currencies? − Preview of the Week Ahead | Tony Juste | WBN |  |
| Mon, Jan 7, 12:00 GMT | Weekly Webinar: 1st on Forex − The Week Ahead | Jerry Furst | WBN |  |
| Mon, Jan 7, 15:00 GMT | Derek Frey's Outlook | Derek Frey | WBN |  |
Current Session: Europe − U.S.
GBP/USD
Forex Technical Report − GBP/USD 1.9752 − 4 January by iFOREX.bg
Resistance for the Cable is expected at yesterday's top 1.9840, followed by 1.9900, which is limiting the uptrend for the moment, and 2.0030, which is 37.8% correction of the drop 2.0570−1.9710. Support is expected at today's bottom 1.9675, followed by the bottom from 17 August 1.9620, and 1.9560, which is top from December 2004.
- The importance of intraday momentum trendlines − GBP/USD case by Tony Juste
- 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
Other Topics for this Session:
EUR/JPY Daily Technical Forex − EUR/JPY Daily Technical Forex by Stoploss.ch
USD/JPY Daily Technical Forex − USD/JPY Daily Technical Forex by Stoploss.ch
Daily Analysis − Sterling drop to 4−1/2 month low against the dollar by Finotec Group Inc.
Majors at a Glance
- EUR/USD
- Trades around first support level 1.4697
01/04/2008 11:50 GMT - GBP/USD
- Moves up back above pivot level 1.9751
01/04/2008 11:51 GMT - USD/CHF
- Moves up above pivot level 1.1138
01/04/2008 11:51 GMT - USD/JPY
- Continues to trade above pivot level 109.10
01/04/2008 11:52 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
EUR USD, Hourly
GBP USD, Hourly
Top Market Movers Preview
US NONFARM PAYROLLS
| Date (GMT) | Event | Cons. | Previous | |
| Jan 4 | 13:30 | Nonfarm Payrolls | 70K | 94K |
| Jan 4 | 13:30 | Unemployment Rate | 4.8% | 4.7% |
KBC News Picks - US: No additional negative suprises ahead of the Payrolls by KBC Bank
According to the ADP employment report, the private sector created 40K jobs in December compared to a downward revised 173K in November (from 189K). The market consensus expected a gain of 33K.
[ Full Story ]- SPECIAL EVENT: Trade Non−Farm Payrolls LIVE − 20th Edition
Sunrise Market Commentary: Currencies - Dollar pressure eases slightly ahead of the payrolls by KBC Bank
Top Market Movers Review
EMU CONSUMER PRICE INDEX ESTIMATE
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Jan 4 | 10:00 | Consumer Price Index Estimate (YoY) | 3.1% | 3.1% | 3.1% |
DATA SNAP: Euro−Zone CPI Sky−High In Dec; Above ECB Target (Dow Jones)
The annual rate of euro−zone consumer−price inflation remained at its highest−ever level for a second straight month in December, putting a European Central Bank interest rate hike firmly back on the cards.
[ Full Story ]- Read the Euro area inflation estimated at 3.1% report at Eurostat
- UPDATE: Euro−Zone CPI At All−Time In Dec; Above ECB Target (Dow Jones)
- Euro zone Dec prov HICP up 3.1 pct, unchanged vs Nov; matches consensus (Thomson Financial News)
- Euro Area Inflation expected to be 3.1% in Dec; unchanged from Nov (FXstreet.com)
UK PURCHASING MANAGER INDEX SERVICES
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Jan 4 | 09:30 | Purchasing Manager Index Services | 52.9 | 51.5 | 51.9 |
Forex − Pound finds comfort from UK services PMI data (Thomson Financial News)
The pound managed a small comeback this morning after some decent UK economic data that went against the grain of the recent trend.
[ Full Story ]- The Chartered Institute of Purchasing & Supply
- UPDATE: UK December Services PMI 52.4 Vs 51.9 In Nov (Dow Jones)
- UK Dec CIPS services PMI rises to 52.4 vs 51.9 in Nov − sources (Thomson Financial News)
- DATA SNAP: UK Dec Services PMI 52.4 Vs 51.9 In Nov −Sources (Dow Jones)
EMU PURCHASING MANAGER INDEX SERVICES
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Jan 4 | 09:00 | Purchasing Manager Index Services | 53.1 | 53.2 | 54.1 |
Euro Zone PMI services declined larger than expected in December (FXstreet.com)
The Purchasing Manager's Index for the services sector declined to the level of 53.1 points in December in the Euro Zone from the 54.1 points in November, according to information by NTC Economics.
[ Full Story ]- NTC Economics Homepage
- UPDATE: Euro−Zone December Services PMI 53.1 Vs 54.1 In Nov (Dow Jones)
- Euro zone Dec services PMI revised down 0.1 to 53.1 vs 54.1 Nov − sources UPDATE (Thomson Financial News)
- Euro zone Dec services PMI revised down 0.1 to 53.1 vs 54.1 in Nov − sources (Thomson Financial News)
Economic Events
| Date (GMT) | Country | Event | Actual | Cons. | Previous | |
| Jan 4 | 09:30 | UK | M4 Money Supply (MoM) (Nov) | 0.5% | 0.2% | |
| 09:30 | UK | M4 Money Supply (YoY) (Nov) | 11.7% | 11.8% | ||
| 09:30 | UK | Mortgage Approvals (Nov) | 83K | 83K | 89K |
|
| 09:30 | UK | Net Lending to Individuals | £8.9B | £8.9B |
||
| 09:30 | UK | Purchasing Manager Index Services (Dec) | 52.9 | 51.5 | 51.9 | |
| 10:00 | EMU | Consumer Price Index Estimate (YoY) (Dec) | 3.1% | 3.1% | 3.1% | |
| 13:30 | US | Average Hourly Earnings (MoM) (Dec) | 0.3% | 0.5% | ||
| 13:30 | US | Average Hourly Earnings (YoY) (Dec) | 3.6% | 3.8% | ||
| 13:30 | US | Average Weekly Hours (Dec) | 33.8 | 33.8 | ||
| 13:30 | US | Nonfarm Payrolls (Dec) | 70K | 94K | ||