Friday, Aug 01, 11:08 GMT
U.S. Trading Newsletter
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Forex Blogs
Posts for the US Morning
FX Market Readings: NFP data release − Expected market surprise by Dr. S. Sivaraman
Small firming up moves are sell opportunitiesduring Early European session.Then the market is expected to continue the correction .NFP data release may not be a surprise for the market...
The FX Advisor: Starting a new day by Valeria Bednarik
FXBootcamp: Forex Video | New York Session Review | July 31, 2008 by Wayne McDonell
Trade Setups: Forex Video | Set ups 01 aug '08 | Analysis by Phil Newton
Live Sessions Schedule
SPECIAL EVENT: Trade Non−Farm Payrolls LIVE − 27th Edition
Expert: Wayne McDonell
Start: Fri, Aug 1, 11:30 GMT
Sponsored by: 
Type of Session: Webinar
Understand & Use Fibonacci Ratio's Effectively
Expert: Sunil Mangwani
Start: Mon, Aug 4, 10:00 GMT
Sponsored by: 
Type of Session: Webinar
| Sponsored by | ||||
| Fri, Aug 1, 11:30 GMT | SPECIAL EVENT: Trade Non−Farm Payrolls LIVE − 27th Edition | Wayne McDonell | WBN | |
| Mon, Aug 4, 10:00 GMT | Understand & Use Fibonacci Ratio's Effectively | Sunil Mangwani | WBN | |
| Mon, Aug 4, 12:00 GMT | US Pre−Market Open  | Ed Ponsi | WBN |  |
| Mon, Aug 4, 13:30 GMT | US Session Open | Ed Ponsi | WBN | |
Current Session: Europe − U.S.
EUR/USD
Forex Economic Analysis − EUR/USD is in an uptrend from recent bottom at 1.5301 by www.deltastock.com
EUR/USD is in an uptrend from recent bottom at 1.5301, that was the final of the prolonged consolidation since 1.5909 (17 March 2008). Technical indicators are slowly rising and trading is situated between the 50− and 200−Day SMA, currently projected at 1.5677 and 1.5181.
Yesterday's corrective rise peaked few pips above our target at 1.5689 and sell−off followed to recent low at 1.5547. We hold on to our view, that a minor uptrend unfolds from 1.5519, targeting 1.5891. Crucial is 1.5519.
- NFP data release − Expected market surprise by Dr. S. Sivaraman, of i−knowindices.com
- Support and Resistance Trading DVD by Andrei Pehar, Sr. Currency Strategist fxKnight.com
- Institutional Trading Strategies by John Jagerson, Founder Profiting With Forex
- Check out how pairs moved: Live Currency Rates & Charts
Other Topics for this Session:
Hedging Range Trades − Hedge Covers Long−Term Sellers NZDJPY Looks to Correct Higher by FXCM
Daily FX Report − The EUR/USD fell 0.3% to 1.5559 by Varengold Wertpapierhandelsbank AG
Daily Forex Technical Report − Yen Steals the Show ahead of NFP by ActionForex.com
Banks' Analysis
Technical analysis: EuroDollar Futures − Eurodollar Future – Dec 2008 by Mizuho Corporate Bank
Currency Performance Report
Action Bias Summary Table − Action Bias Summary Table by ActionForex.com
FX Analysts' Blogs
Forex Video | New York Session Review | July 31, 2008 by Wayne McDonell, FxBootcamp.com
Majors at a Glance
- EUR/USD
- Moves down below first support level 1.5548
08/01/2008 10:09 GMT - GBP/USD
- Trades below pivot level 1.9848
08/01/2008 10:09 GMT - USD/CHF
- Trades above opening price level 1.0468 , above pivot level 1.0456
08/01/2008 10:09 GMT - USD/JPY
- Moves down below first support level 107.53
08/01/2008 10:09 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 | |
| Aug 1 | 12:30 | Average Hourly Earnings (MoM) | 0.3% | 0.6% |
| Aug 1 | 12:30 | Unemployment Rate | 5.6% | 5.5% |
| Aug 1 | 12:30 | Nonfarm Payrolls | -75K | -62K |
| Aug 1 | 12:30 | Average Hourly Earnings (YoY) | - | 3.4% |
| Aug 1 | 12:30 | Average Weekly Hours | 33.7 | 33.7 |
Daily Forex Commentary - All eyes on non farm payrolls by Jyske Bank
Today focus will be on the all−important Nonfarm payrolls data from the US. Wednesday's ADP figures signalled a slight increase in employment in the private sector. Thus the release has planted seeds of optimism regarding today's release.
[ Full Story ]- SPECIAL EVENT: Trade Non−Farm Payrolls LIVE − 27th Edition with Wayne McDonell
- FOREX−Dollar near 1−mth high vs euro before US jobs data (Thomson Financial News)
- FOREX−Dollar holds near one−month highs, U.S. jobs eyed (Thomson Financial News)
Market Session Snap−Shot - Asian Session − Waiting for NFP by ACM − Advanced Currency Markets
Daily Forex Technical Report − Yen Steals the Show ahead of NFP by ActionForex.com
Top Market Movers Review
UK PMI MANUFACTURING
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Aug 1 | 08:30 | PMI Manufacturing | 44.3 | 45.5 | 45.8 |
UK manufacturing PMI drops more than expected in July (FXstreet.com)
Manufacturing activity in the United Kingdom has contracted at a sharper than expected extent in July, posting the second consecutive contraction, according to July's manufacturing Purchasing Managers' Index.
[ Full Story ]- Chartered Institute of Purchasing & Supply Homepage
- UPDATE: UK July Mfg PMI 44.3 Vs 45.9 In June (Dow Jones)
- UK factory activity shrinks, prices surge in July (Thomson Financial News)
- UK July Mfg PMI 44.3 Vs 45.9 In June − Sources (Dow Jones)
EMU PMI MANUFACTURING
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Aug 1 | 08:00 | PMI Manufacturing | 47.4 | 47.9 | 49.2 |
Euro Area's manufacturing activity contracted further in July (FXstreet.com)
Manufacturing activity has failed to grow in the countries belonging to the Euro Zone in July for the second consecutive month, according to figures by NTC Economics.
[ Full Story ]- Read the official data at NTC Economics
- Forex − Euro still on backfoot vs dollar after weak PMI; focus on U.S. payrolls (Thomson Financial News)
- 2nd UPDATE: Euro−Zone Mfg Sector Wilts, July PMI At 5−Yr Low (Dow Jones)
- UPDATE: Euro−Zone July Mfg PMI 47.4 Vs 49.2 In June − Sources (Dow Jones)
Economic Events
| Date (GMT) | Country | Event | Actual | Cons. | Previous | |
| Aug 1 | 06:08 | DE | Retail Sales (YoY) (Jun) | -3.9% | -0.7% | 0.7% |
| 06:19 | DE | Retail Sales (MoM) (Jun) | -1.4% | -0.5% | 1.3% | |
| 06:30 | AU | RBA Commodity Index SDR (YoY) (Jul) | 41.1% | 37.8% | ||
| 07:55 | DE | PMI Manufacturing (Jul) | 50.9 | 50.9 | 52.6 | |
| 08:00 | EMU | PMI Manufacturing (Jul) | 47.4 | 47.9 | 49.2 | |
| 08:30 | UK | PMI Manufacturing (Jul) | 44.3 | 45.5 | 45.8 | |
| 12:30 | US | Average Hourly Earnings (MoM) (Jul) | 0.3% | 0.6% | ||
| 12:30 | US | Average Hourly Earnings (YoY) (Jul) | 3.4% | |||
| 12:30 | US | Average Weekly Hours (Jul) | 33.7 | 33.7 | ||
| 12:30 | US | Nonfarm Payrolls (Jul) | -75K | -62K | ||