Friday, Jun 06, 11:22 GMT
U.S. Trading Newsletter
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- Webinar Videos: Institutional Trading Strategies by Andrei Pehar
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- ECB and BoE - Review of Jun 5 meeting: Both banks on hold
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Live Sessions Schedule
SPECIAL EVENT: Trade Non−Farm Payrolls LIVE − 25th Edition
Expert: Wayne McDonell
Start: Fri, Jun 6, 11:30 GMT
Sponsored by: 
Type of Session: Webinar
| Sponsored by | ||||
| Fri, Jun 6, 11:30 GMT | SPECIAL EVENT: Trade Non−Farm Payrolls LIVE − 25th Edition | Wayne McDonell | WBN | |
| Mon, Jun 9, 10:00 GMT | Understand & Use Fibonacci Ratio's Effectively | Sunil Mangwani | WBN |  |
| Mon, Jun 9, 12:30 GMT | Dan Blystone's Daily Briefing | Dan Blystone | WBN |  |
| Mon, Jun 9, 13:00 GMT | Sentiment Indicators  | John Jagerson | WBN |  |
Current Session: Europe − U.S.
EUR/USD
Daily Trading Forecast − A Spanner in the Works for the USD by Swiss e Trade AG
After Trichet's "encouraging" remarks, the EUR / USD shot up to resistance at 1.5618 and is currently trading at 1.5587. Due to the fact that another large resistance zone between 1.5650 and 1.5800 is still looming above the market, we doubt that the Euro will move into higher ground again today. We are waiting for the release of the Non−Farm Payroll numbers at 14:30 CET before considering any new positions.
- New Technical Blog − Operators' intentions by Dr. S. Sivaraman, of i−knowindices.com
- Combining Fundamental and Technical Analysis 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
Other Topics for this Session:
Daily Forex News − ECB President Trichet's comments push Euro up; All eyes on Non−Farm Payrolls by ACM − Advanced Currency Markets
Currency Technical Report − Currency Technical Report by FXGreece
Forex Economic Analysis − Forex Technical Analysis on Majors by www.deltastock.com
Mid−Term Forex Forecast − USD/JPY June 2008 by www.deltastock.com
Banks' Analysis
Technical analysis: EuroDollar Futures − Eurodollar Future – Dec 2008 by Mizuho Corporate Bank
Currency Performance
Action Bias Summary Table − Action Bias Summary Table by ActionForex.com
FX Analysts' Comments
Higher level consolidation with upward stop hunts in EURO and GBP − what next? by Dr. S. Sivaraman, of i−knowindices.com
FX' Signal
Recent Recommended Trades by AceTrader
Majors at a Glance
- EUR/USD
- Trades around opening price level 1.5590 , above pivot level 1.5518
06/06/2008 10:05 GMT - GBP/USD
- Trades around opening price level 1.9580 , above pivot level 1.9545
06/06/2008 10:05 GMT - USD/CHF
- Trades around opening price level 1.0378 , below pivot level 1.0417
06/06/2008 10:05 GMT - USD/JPY
- Trades above pivot level 105.85
06/06/2008 10:05 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 | |
| Jun 6 | 12:30 | Nonfarm Payrolls | -52K | -20K |
| Jun 6 | 12:30 | Unemployment Rate | 5.1% | 5.0% |
Trading News Report - Will Non−Farm Payrolls Further The Dollar's Momentum? by FXCM
Friday's Non−farm payroll report is expected to show job losses for a fifth month as economists are predicting the economy gave back another 60,00 jobs in the month of May. The estimate corresponds with the recent Challenger Job cut report which showed layoffs totaling 103,522 during the month.
[ Full Story ]- Ahead of the Bell: Unemployment Rate (Thomson Financial News)
- Forex − Dollar rangebound ahead of key jobs report (Thomson Financial News)
Daily Forex Technical Report − Focus on US & Canada Employment Reports by ActionForex.com
Daily Majors Technical Analysis - Pre Non Farm Payroll Analysis − USD/CHF by Pro Pipper Trading
Top Market Movers Review
Germany INDUSTRIAL PRODUCTION S.A.
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Jun 6 | 10:00 | Industrial Production s.a. (MoM) | -0.8% | 0.2% | -0.5% |
| Jun 6 | 10:00 | Industrial Production s.a. w.d.a. (YoY) | 4.8% | 6.3% | 4.7% |
German April industrial output down 0.8 pct from March; consensus up 0.2 pct (Thomson Financial News)
German industrial output fell a seasonally adjusted 0.8 percent in April from March, according to preliminary data from the Ministry of Economy and Technology.
[ Full Story ]- Read the Industrial Production data at BMWi [text in German]
- German industrial production declines unexpectedly in April (FXstreet.com)
- Germany Industrial Production s.a. falls 0.8% in Apr; 4.8% up on year (FXstreet.com)
EMU economic indicators - Output in the German producing sector might have improved slightly in April by BHF−Bank
Economic Events
| Date (GMT) | Country | Event | Actual | Cons. | Previous | |
| Jun 6 | 06:30 | AU | Foreign Reserves (May) | 35.3B | 35.8B | |
| 10:00 | DE | Industrial Production s.a. (MoM) (Apr) | -0.8% | 0.2% | -0.5% | |
| 10:00 | DE | Industrial Production s.a. w.d.a. (YoY) (Apr) | 4.8% | 6.3% | 4.7% | |
| 10:00 | EMU | OECD Composite Leading Indicator Index | 97.9 | 98.1 |
||
| 11:00 | CA | Net Change in Employment (May) | 8.4K | 8.5K | 19.2 | |
| 11:00 | CA | Unemployment Rate (May) | 6.1% | 6.1% | 6.1% | |
| 12:30 | US | Average Hourly Earnings (MoM) (May) | 0.2% | 0.1% | ||
| 12:30 | US | Average Hourly Earnings (YoY) (May) | 3.4% | 3.4% | ||
| 12:30 | US | Average Weekly Hours (May) | 33.7 | 33.7 | ||
| 12:30 | US | Nonfarm Payrolls (May) | -52K | -20K | ||