Friday, Apr 04, 11:10 GMT
U.S. Trading Newsletter
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Live Sessions Schedule
SPECIAL EVENT: Trade Non−Farm Payrolls LIVE − 23rd Edition
Expert: Wayne McDonell
Start: Fri, Apr 4, 11:30 GMT
Sponsored by: 
Type of Session: Webinar
| Sponsored by | ||||
| Fri, Apr 4, 11:30 GMT | SPECIAL EVENT: Trade Non−Farm Payrolls LIVE − 23rd Edition | Wayne McDonell | WBN | |
| Mon, Apr 7, 10:00 GMT | Understand & Use Fibonacci Ratio's Effectively | Sunil Mangwani | WBN |  |
| Mon, Apr 7, 11:00 GMT | Weekly Webinar: 1st on Forex − The Week Ahead | Jerry Furst | WBN |  |
| Mon, Apr 7, 12:00 GMT | US Pre−Market Open  | Ed Ponsi | WBN |  |
Current Session: Europe − U.S.
EUR/USD
Daily Majors Technical Analysis − NFP − EUR/USD Trade Set Up by Pro Pipper Trading
Here is our NFP update on the EUR/USD. We are in a 3rd Wave of a Zig Zag movement upward. Because this is during the NFP, you must proceed with absolute caution.
Again, we like to play it safe so we'll set a buy order to enter us into the market if it hits the 1.5538 level with a stop just under the April 3 low of 1.5508 (30+ pips). Again, this is pretty conservative given where we are currently at in the market (current price is 1.5705), however, we have given other potential entry points as well.
- Main technical theme in the currency market by Jamie Saettele, Technical Currency Analyst FXCM
- 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:
Daily FX Report − The USD still remains tight near its overnight low against the EUR ahead of US jobs data by Varengold Wertpapierhandelsbank AG
Currency Performance
Action Bias Summary Table − Action Bias Summary Table by ActionForex.com
Majors at a Glance
- EUR/USD
- Trades around opening price level 1.5679 , above pivot level 1.5629
04/04/2008 09:54 GMT - GBP/USD
- Trades around opening price level 1.9963 , above pivot level 1.9899
04/04/2008 09:54 GMT - USD/CHF
- Moves down below opening price level 1.0101 , below pivot level 1.0129
04/04/2008 09:54 GMT - USD/JPY
- Moves down below pivot level 102.41
04/04/2008 09:54 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 | |
| Apr 4 | 12:30 | Nonfarm Payrolls | -50K | -63K |
| Apr 4 | 12:30 | Unemployment Rate | 5.0% | 4.8% |
The Week Ahead - Nonfarm Payroll & Unemployment Rate by BBVA Bancomer
Labor markets will continue to deteriorate. In recent weeks, jobless claims climbed, though at a relatively modest pace. In accordance, our estimate points to a "not terrible but worrisome" 95,000 decrease in March's nonfarm payroll.
[ Full Story ]- SPECIAL EVENT: Trade Non−Farm Payrolls LIVE − 23rd Edition with Wayne McDonell
- Metals − Gold steady above $900, eyes on U.S. data UPDATE (Thomson Financial News)
- Oil edges up as dollar slumps again, traders await US payrolls data UPDATE (Thomson Financial News)
Daily Market Briefing - Could March Non−Farm Payrolls Rebound? by FXCM
Market Session Snap−Shot - Asian Session: Markets are Patiently Waiting for NFP figures by ACM − Advanced Currency Markets
Top Market Movers Review
Germany FACTORY ORDERS S.A.
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Apr 4 | 10:00 | Factory Orders n.s.a. (YoY) | 9.0% | 6.7% | 8.9% |
| Apr 4 | 10:00 | Factory Orders s.a. (MoM) | -0.5% | 0.8% | -0.7% |
DATA SNAP: German Feb Mfg Orders Adj −0.5% MM;Unadj +9.0% YY (Dow Jones)
German manufacturing orders fell 0.5% in February due to weaker foreign demand, data released by the German Economics Ministry showed Friday. The drop was sharply below economists' expectations of a 0.7% rise.
[ Full Story ]- Read the Factory Orders data at BMWi [text in German]
- German Feb manufacturing orders down 0.5 pct vs Jan; consensus up 0.6 pct (Thomson Financial News)
- German manufacturing orders decline in February for the third month in a row (FXstreet.com)
- Germany Feb Factory Orders s.a. decline 0.5% on the month; 9.0% up on the year (FXstreet.com)
EMU economic indicators - German industrial new orders will probably have rebounded in February by BHF−Bank
Friday Notes - Lessons from prior banking crises by HVB Group
Economic Events
| Date (GMT) | Country | Event | Actual | Cons. | Previous | |
| Apr 4 | 05:45 | CH | Consumer Price Index (MoM) (Mar) | 0.3% | 0.2% | 0.1% |
| 05:45 | CH | Consumer Price Index (YoY) (Mar) | 2.6% | 2.5% | 2.4% | |
| 10:00 | DE | Factory Orders n.s.a. (YoY) (Feb) | 9.0% | 6.7% | 8.9% |
|
| 10:00 | DE | Factory Orders s.a. (MoM) (Feb) | -0.5% | 0.8% | -0.7% |
|
| 11:00 | CA | Net Change in Employment (Mar) | 14.6 | 15.0K | 43.0K | |
| 11:00 | CA | Unemployment Rate (Mar) | 6.0% | 5.8% | 5.8% | |
| 12:30 | US | Average Hourly Earnings (MoM) (Mar) | 0.3% | 0.3% | ||
| 12:30 | US | Average Hourly Earnings (YoY) (Mar) | 3.7% | |||
| 12:30 | US | Average Weekly Hours (Mar) | 33.7 | 33.7 | ||
| 12:30 | US | Nonfarm Payrolls (Mar) | -50K | -63K | ||