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U.S. Trading Newsletter
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- Webinar Videos: Day Trading: A Profitable Trading Strategy for the Futures and Forex Markets by Markus Heitkoetter
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- Speeches Schedule
- Speakers Panel
- Haven't you decided to go yet? − View all 2007 videos
Forex Blogs
Recommended Readings
The Advisor Blog: Majors for today by Valeria Bednarik
The Eur/Usd is quoting right now around 1.4230, and remains bearish: under 1.4212, yesterday's minimum, next supports will be at 1.4184, 1.4151 and finally the zone around 1.4116. Resistances from here will be at 1.4280, 1.4316, today's maximum that if broken could send the pair to 1.4370.
The Disciplined Trader: How Will the Non−Farm Payroll Figures Affect the USD? by Pierre Charlebois
Trade Setups: Forex Video − Set ups 05 Sept '08 − Analysis by Phil Newton
Live Sessions Schedule
SPECIAL EVENT: Trade Non−Farm Payrolls LIVE − 28th Edition
Expert: Wayne McDonell
Start: Fri, Sep 5, 11:30 GMT
Sponsored by: 
Type of Session: Webinar
How to Get Started Trading Forex
Expert: Mark Whistler
Start: Fri, Sep 5, 15:00 GMT
Type of Session: Webinar
| Sponsored by | ||||
| Fri, Sep 5, 11:30 GMT | SPECIAL EVENT: Trade Non−Farm Payrolls LIVE − 28th Edition | Wayne McDonell | WBN | |
| Fri, Sep 5, 15:00 GMT | How to Get Started Trading Forex | Mark Whistler | WBN |  |
| Mon, Sep 8, 10:00 GMT | Understand & Use Fibonacci Ratio's Effectively | Sunil Mangwani | WBN |  |
| Mon, Sep 8, 12:00 GMT | US Pre−Market Open  | Ed Ponsi | WBN | |
Current Session: Europe − U.S.
USD/CAD
Daily Currency Market Focus − Dollar hits YTD highs, stocks plunge: What happened? by GFT (Global Forex Trading)
USD/CAD entered our Buy Zone today (established by Bollinger Bands). This suggests that there could be further gains in USD/CAD, which contradicts with the weak NFP call. The levels to watch are 1.0777 on the topside and 1.0645 on the downside. A close above 1.0777, the 12 month high opens the door for a move to 1.10. A break below 1.0645, leaves support at 1.05.
- Majors for today by Valeria Bednarik, analyst and foreign manager at MolFX − Management
- Institutional Trading Strategies by John Jagerson, Founder Profiting With Forex
- Check out how pairs moved: Live Currency Rates & Charts
Other Topics for this Session:
Daily Trading Forecast − Watch Out for Today's U.S. Employment Figures by Swiss e Trade AG
Currency Performance
Action Bias Summary Table − Action Bias Summary Table by ActionForex.com
Majors at a Glance
- EUR/USD
- Moves down around first support level 1.4246
09/05/2008 09:54 GMT - GBP/USD
- Moves up towards pivot level 1.7722
09/05/2008 09:55 GMT - USD/CHF
- Trades around first resistant level 1.1145
09/05/2008 09:56 GMT - USD/JPY
- Moves down below first support level 106.51
09/05/2008 09:56 GMT
Analyst Sentiment Index (ASI)
Analysts Sentiment Index - EUR/USD
**Source : ActionForex.com, CMS Forex, Danske Bank A/S, FXstreet.com, GFT (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 | |
| Sep 5 | 12:30 | Nonfarm Payrolls | -71K | -51 |
| Sep 5 | 12:30 | Unemployment Rate | 5.7% | 5.7% |
Non−Farm Payrolls Preview: Why Job Losses Could Top 100k by GFT (Global Forex Trading)
On Friday, we are expecting the number one most market moving release for the US dollar − August Non−farm payrolls. Based upon the leading indicators for NFP, there is a decent chance that job losses could have topped 100k last month.
[ Full Story ]- The Disciplined Trader: How Will the Non−Farm Payroll Figures Affect the USD? by Pierre Charlebois
- Gilts gain as stocks slide, eyes on U.S. payrolls (Thomson Financial News)
- FOREX−Dollar backs of from highs as US jobs data loom (Thomson Financial News)
Forex Technical Report - EURUSD Status before NFP by ForexHound.com
Daily Trading Forecast - Watch Out for Today's U.S. Employment Figures by Swiss e Trade AG
Top Market Movers Review
Canada UNEMPLOYMENT RATE
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Sep 5 | 11:00 | Net Change in Employment | 15.2K | 5.0K | -55.2K |
| Sep 5 | 11:00 | Unemployment Rate | 6.1% | 6.2% | 6.1% |
Canadian unemployment rate remains unchanged in August despite slight increase in employment (FXstreet.com)
Employment has picked up slightly in Canada during the month of August, following a considerable decline in July, while the balance of the first eight months of the year shows a much poorer work creation than in the same month last year, as the latest employment report by Statistics Canada shows.
[ Full Story ]- Read the Unemployment data at Statistics Canada
- Canada Unemployment Rate stays unchanged at 6.1% In August; 15,200 new employments on the month (FXstreet.com)
Germany INDUSTRIAL PRODUCTION S.A.
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Sep 5 | 10:00 | Industrial Production s.a. (MoM) | -1.8% | -0.3% | 0.1% |
| Sep 5 | 10:00 | Industrial Production s.a. w.d.a. (YoY) | -0.6% | 0.9% | 1.5% |
DATA SNAP: German Jul Indus Output Adj −1.8% MM; −0.6% YY (Dow Jones)
German industrial production fell 1.8% on the month in July in seasonally−adjusted terms, reversing a brief uptick in output seen in June, data from the German Economics Ministry showed Friday.
[ Full Story ]- Read the Industrial Production data at BMWi [text in German]
- German July output drop undershoots all forecasts (Thomson Financial News)
- INSTANT VIEW 1−German output falls more than expected (Thomson Financial News)
- UPDATE: German Jul Indus Output Adj −1.8% MM; −0.6% YY (Dow Jones)
EMU economic indicators - Output in the German producing sector (July): down by BHF−Bank
Economic Events
| Date (GMT) | Country | Event | Actual | Cons. | Previous | |
| Sep 5 | 06:30 | AU | Foreign Reserves (Aug) | 35.5B | 37.4B |
|
| 06:50 | EMU | ECB Trichet's Speech | ||||
| 10:00 | DE | Industrial Production s.a. (MoM) (Jul) | -1.8% | -0.3% | 0.1% |
|
| 10:00 | DE | Industrial Production s.a. w.d.a. (YoY) (Jul) | -0.6% | 0.9% | 1.5% |
|
| 11:00 | CA | Net Change in Employment (Aug) | 15.2K | 5.0K | -55.2K | |
| 11:00 | CA | Unemployment Rate (Aug) | 6.1% | 6.2% | 6.1% | |
| 12:30 | US | Average Hourly Earnings (MoM) (Aug) | 0.3% | 0.3% | ||
| 12:30 | US | Average Hourly Earnings (YoY) (Aug) | 3.4% | 3.4% | ||
| 12:30 | US | Average Weekly Hours (Aug) | 33.6 | 33.6 | ||
| 12:30 | US | Nonfarm Payrolls (Aug) | -71K | -51 | ||