Friday, Feb 01, 12:20 GMT
U.S. Trading Newsletter
To Get Started
- Webinars VIDEOS: Raghee Horner's Four Step Trading: Forex by Raghee Horner
- Special Coverage: Central Bank − FED, Jan 30 Meeting by FXstreet.com
- Trendex: Instant Trading Tips from FX Pros right to your desktop
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Live Sessions Schedule
SPECIAL EVENT: Trade Non−Farm Payrolls LIVE − 21st Edition
Expert: Wayne McDonell
Start: Fri, Feb 1, 13:00 GMT
Sponsored by: 
Type of Session: Webinar
| Sponsored by | ||||
| Fri, Feb 1, 13:00 GMT | SPECIAL EVENT: Trade Non−Farm Payrolls LIVE − 21st Edition | Wayne McDonell | WBN | |
| Mon, Feb 4, 10:00 GMT | FX Instructor Live Trading Room  | Mihai Marinescu | WBN |  |
| Mon, Feb 4, 11:00 GMT | What Moves Currencies? − Preview of the Week Ahead | Tony Juste | WBN |  |
| Mon, Feb 4, 12:00 GMT | Weekly Webinar: 1st on Forex − The Week Ahead | Jerry Furst | WBN |  |
Current Session: Europe − U.S.
GBP/USD
Forex Technical Report − Forex Technical Report GBP/USD by iFOREX.bg
GBP/USD Open 1.9901 High 1.9955 Low 1.9826 Close 1.9871
First resistance for the Cable today is Wednesday's top 1.9960. Next is the top from 28 December at 1.2025, followed by 2.0060, where the 50 day crawling middle line passes, and 2.0170.
- Commitment of Traders (COT) Indicator − Free Access Day by S. Wade Hansen, Founder Profiting With Forex
- Check out how pairs moved: Live Currency Rates & Charts
- Follow up the most relevant Economic Data in the new Real Time Economic Calendar
Daily Forex News − Pairs trade in tight ranges before Payrolls; USDCAD hits parity, again by ACM − Advanced Currency Markets
FX Technical Commentary − Technical Outlook by Aspen Trading Group
Majors at a Glance
- EUR/USD
- Moves sideways above pivot level 1.4858
02/01/2008 08:43 GMT - GBP/USD
- Moves up towards first resistant level 1.9936
02/01/2008 08:46 GMT - USD/CHF
- Trades around pivot level 1.0810
02/01/2008 08:53 GMT - USD/JPY
- Trades around pivot level 106.34
02/01/2008 08:51 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 ]
Top Market Movers Preview
US NONFARM PAYROLLS
| Date (GMT) | Event | Cons. | Previous | |
| Feb 1 | 13:30 | Nonfarm Payrolls | 55K | 18K |
Daily Market Briefing - What Level of Non−Farm Payrolls will be Good Enough for the Dollar? by FXCM
The $100 million question for tomorrow is: What Level of Non−Farm Payrolls will be Good Enough for the US Dollar? The market currently believes that 70k jobs were added to US payrolls in the month of January, but if payrolls match this forecast, how much will it really help the dollar?
[ Full Story ]- SPECIAL EVENT: Trade Non−Farm Payrolls LIVE − 21st Edition with Wayne McDonell
- Ahead of the Bell: Unemployment Rate (Thomson Financial News)
- Forex − Dollar steady ahead of crucial US data (Thomson Financial News)
Wakeup Call on Forex Markets - US Job Report The Spotlight Today by Saxo Bank
Daily Forex Technical Report − Waiting for Non−Farm Payroll by ActionForex.com
Top Market Movers Review
UK PMI MANUFACTURING
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Feb 1 | 09:30 | PMI Manufacturing | 50.6 | 52.5 | 52.4 |
UK January Mfg PMI 50.6 Vs 52.4 In Dec − Sources (Dow Jones)
The U.K.'s manufacturing sector slowed sharply in January, increasing the likelihood that the Bank of England will cut its key interest rate when its Monetary Policy Committee meets next week.
[ Full Story ]- NTC Economics homepage
- DATAWATCH UK manufacturing survey highlights BoE's dilemma (Thomson Financial News)
- Forex − Pound rebounds after UK PMI data reignites inflationary concerns (Thomson Financial News)
- UK CIPS Jan manufacturing PMI falls to 50.6, lowest since Aug 2005 − sources (Thomson Financial News)
Friday Notes - More to come from Fed; ECB to follow by HVB Group
EMU PMI MANUFACTURING
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Feb 1 | 09:00 | PMI Manufacturing | 52.8 | 52.6 | 52.6 |
Euro−Zone January Mfg PMI 52.8 Vs 52.6 In Dec − Sources (Dow Jones)
The euro zone's manufacturing sector showed surprising resilience at the start of 2008, as strong activity in the German manufacturing sector offset weakness elsewhere in the region.
[ Full Story ]- NTC Economics homepage
- UPDATE: Euro−Zone Jan Mfg PMI Revised Up; Shows Resilience (Dow Jones)
- Euro zone Jan final manufacturing PMI 52.8, up 0.2 from flash − sources (Thomson Financial News)
- Euro Zone's manufacturing PMI edges up in January (FXstreet.com)
Economic Events
| Date (GMT) | Country | Event | Actual | Cons. | Previous | |
| Jan 31 | 22:30 | AU | Manufacturing PMI (Jan) | 49.2 | 57.6 | |
| Feb 1 | 08:30 | CH | SVME − Purchasing Managers' Index (Jan) | 61.8 | 60.3 | 60.8 |
| 08:55 | DE | PMI Manufacturing (Jan) | 54.4 | 53.6 | 53.6 | |
| 09:00 | EMU | PMI Manufacturing (Jan) | 52.8 | 52.6 | 52.6 | |
| 09:30 | UK | PMI Manufacturing (Jan) | 50.6 | 52.5 | 52.4 |
|
| 13:30 | US | Average Hourly Earnings (MoM) (Jan) | 0.3% | 0.4% | ||
| 13:30 | US | Average Hourly Earnings (YoY) (Jan) | 3.9% | 3.7% | ||
| 13:30 | US | Average Weekly Hours (Jan) | 33.8 | 33.8 | ||
| 13:30 | US | Nonfarm Payrolls (Jan) | 55K | 18K | ||
| 13:30 | US | Unemployment Rate (Jan) | 5% | 5% | ||