Friday, Oct 03, 11:30 GMT
U.S. Trading Newsletter
To Get Started
- Webinar Videos: What may we expect for the rest of the year? by Adam Rosen
- The Bailout Plan: Everybody deserves a second chance by FXstreet.com
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ITC: Last Call Offer − Register deadline is October 10!
The ITC will take place in Barcelona, Woody Allen's favourite destination! by FXstreet.com
Come and enjoy the FXstreet.com International Traders Conference in one of the most exciting city of the world, Barcelona. Meet and learn from the best FX experts at the ITC, while you can visit this unequivocally Mediterranean city.
Barcelona offers you history, culture and leisure and will surely make of your stay an unforgettable experience.
Forex Blogs
FX Market Readings: NFP data release − expected moves before and after the event by Dr. S. Sivaraman
EURO and GBP firmed up as expected during Japanese session.Since traders await NFP data release time the market is expected to make subdued swings till 11:00 GMT.
Chartology: I'm Waiting for Dollar Index Re−test of Support by Raghee Horner
FxBootcamp: Forex Video | News Trade Alert | October 2, 2008 by Wayne McDonell
Live Sessions Schedule
SPECIAL EVENT: Trade Non−Farm Payrolls LIVE − 29th Edition
Expert: Wayne McDonell
Start: Fri, Oct 3, 11:30 GMT
Sponsored by: 
Type of Session: Webinar
| Sponsored by | ||||
| Fri, Oct 3, 11:30 GMT | SPECIAL EVENT: Trade Non−Farm Payrolls LIVE − 29th Edition | Wayne McDonell | WBN | |
| Mon, Oct 6, 10:00 GMT | Understand & Use Fibonacci Ratios Effectively | Sunil Mangwani | WBN |  |
| Mon, Oct 6, 12:00 GMT | US Pre−Market Open  | Ed Ponsi | WBN |  |
| Mon, Oct 6, 12:30 GMT | Dan Blystone's Daily Briefing | Dan Blystone | WBN | |
Current Session: Europe − U.S.
USD/CHF
Technical Summary for Majors − Has almost fully retraced the retreat from the new year high at 1.1419 by Windsor Brokers Ltd
Has almost fully retraced the retreat from the new year high at 1.1419 on 11 Sep, the rise from 1.0690 on 22 Sep reached a peak of 1.1413 yesterday, ahead of the latest setback. Losing 1.1287/92 and 1.1247/52 support area will increase likelihood of 1.1413 marking a significant short−term top for a retreat towards 1.1146/1.1088. Lift above today's 1.1377 high is needed to improve the outlook.
- What may we expect for the rest of the year? by Adam Rosen, CEO and Co−Founder at 4xLounge
- Technical Analysis Bootcamp: The indicators you need to know and how to interpret them by Dan Blystone, Founder TradersLog.com
- Check out how pairs moved: Live Currency Rates & Charts
Other Topics for this Session:
Currency Technical Report − Currency Technical Report by FXGreece
Daily Trading Forecast − USD Sideways − Testing Long−Term Resistance by Swiss e Trade AG
Forex Economic Analysis − Forex Technical Analysis on Majors by www.deltastock.com
Forex Technical Report − GBPUSD Channel Breakout by ForexHound.com
Monthly Outlook
Monthly Technical Outlook − Monthly Technical Outlook by Mizuho Corporate Bank
Forex Analysts' Blog
NFP data release − Expected moves before and after the event by Dr. S. Sivaraman, of i−knowindices.com
Currency Performance
Action Bias Summary Table − Action Bias Summary Table by ActionForex.com
Forex Signals
Australian Dollar special report − Australian Dollar special report by FxMax
Majors at a Glance
- EUR/USD
- Continues to trade around pivot level 1.3865
10/03/2008 09:56 GMT - GBP/USD
- Stays above pivot level 1.7638
10/03/2008 09:57 GMT - USD/CHF
- Trades below pivot level 1.1335
10/03/2008 09:57 GMT - USD/JPY
- Moves down below opening price level 105.34 , below pivot level 105.57
10/03/2008 09:58 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 | |
| Oct 3 | 12:30 | Nonfarm Payrolls | -95K | -84K |
| Oct 3 | 12:30 | Unemployment Rate | 6.1% | 6.1% |
US: NFP Preview − Will Non−Farm Payrolls Push the Fed to Cut Interest Rates? by GFT (Global Forex Trading)
September non−farm payrolls are due for release on Friday and now more than ever the level of job losses could determine whether the Federal Reserve will cut interest rates this month and by how much. The US dollar hit a one year high against the Euro this morning, but has remained weak against the Japanese Yen.
[ Full Story ]Daily Forex Technical Report − Dollar Retreats Mildly, House Vote and Non−Farm Payroll Eyed by ActionForex.com
Asia Market Update - Asia takes profits ahead of US jobs data and the House's rescue bill vote by TradeTheNews.com
Top Market Movers Review
EMU RETAIL SALES
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Oct 3 | 09:00 | Retail Sales (MoM) | 0.3% | 0.3% | 0.1% |
| Oct 3 | 09:00 | Retail Sales (YoY) | -1.8% | -2.4% | -1.8% |
Euro Zone retail sales pick up in August (FXstreet.com)
Retail sales volume has posted better then expected results in August while sales for the previous month have been revised to a slight increase, according to the latest report by Eurostat.
[ Full Story ]- Read the Retail Sales data at Eurostat
- UPDATE 1−Euro zone Aug retail sales stronger than expected (Thomson Financial News)
- INSTANT VIEW 1−Euro zone Aug retail sales up 0.3 pct m/m (Thomson Financial News)
- Euro zone Aug retail sales stronger than expected (Thomson Financial News)
UK PURCHASING MANAGER INDEX SERVICES
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Oct 3 | 08:30 | Purchasing Manager Index Services | 46.0 | 48.0 | 49.2 |
UK Services PMI declines lower than expected in September (FXstreet.com)
Economic activity in the UK's services sector has contracted at a well faster than expected pace in September, making the fifth consecutive month into contraction levels, according to the latest Purchasing Managers' Index services.
[ Full Story ]- NTC Economics homepage
- CIPS homepage
- UK September Services PMI 46.0 Vs 49.2 In Aug − Sources (Dow Jones)
- INSTANT VIEW−UK service sector shrinks at record pace in Sept (Thomson Financial News)
- POLL−TABLE−UK service sector shrinks at record pace in Sept (Thomson Financial News)
Friday Notes - Hang on, help is on its way! by HVB Group
Economic Events
| Date (GMT) | Country | Event | Actual | Cons. | Previous | |
| Oct 3 | 07:55 | DE | Purchasing Manager Index Services (Sep) | 50.2 | 49.3 | 51.4 |
| 08:00 | EMU | Purchasing Manager Index Services (Sep) | 48.4 | 48.2 | 48.5 | |
| 08:30 | UK | Housing Equity Withdrawal (QoQ) (2Q) | -2.8B | 2.5B | 5.2B |
|
| 08:30 | UK | Purchasing Manager Index Services (Sep) | 46.0 | 48.0 | 49.2 | |
| 09:00 | EMU | Retail Sales (MoM) (Aug) | 0.3% | 0.3% | 0.1% |
|
| 09:00 | EMU | Retail Sales (YoY) (Aug) | -1.8% | -2.4% | -1.8% |
|
| 12:30 | US | Average Hourly Earnings (MoM) (Sep) | 0.3% | 0.4% | ||
| 12:30 | US | Average Hourly Earnings (YoY) (Sep) | 3.6% | 3.6% | ||
| 12:30 | US | Average Weekly Hours (Sep) | 33.7 | 33.7 | ||
| 12:30 | US | Nonfarm Payrolls (Sep) | -95K | -84K | ||