Friday, Nov 07, 12:37 GMT
U.S. Trading Newsletter
To Get Started
- Webinar Videos: Fundamental Review by Adam Rosen
- All the events of the day in our Economic Calendar
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Forex Blogs
FX Market Readings: NFP data − two hrs to go by Dr. S. Sivaraman
EURO and GBP made the recovery from the dropped level seen at the time of earlier posting during late Japanese session.
FXBootcamp: Trade Non-Farm Payrolls LIVE! by Wayne McDonell
Forex Trading Today: Live Session Tomorrow Morning for NFP…Stop by for free Pips! by Tim Salem
Live Sessions Schedule
SPECIAL EVENT: Trade Non−Farm Payrolls LIVE − 30th Edition
Expert: Wayne McDonell
Start: Fri, Nov 7, 12:30 GMT
Sponsored by: 
Type of Session: Webinar
| Sponsored by | ||||
| Fri, Nov 7, 12:30 GMT | SPECIAL EVENT: Trade Non−Farm Payrolls LIVE − 30th Edition | Wayne McDonell | WBN | |
| Mon, Nov 10, 11:00 GMT | Understand & Use Fibonacci Ratios Effectively | Sunil Mangwani | WBN |  |
| Mon, Nov 10, 14:00 GMT | Turning the corner on the year  | Adam Rosen | WBN |  |
| Mon, Nov 10, 15:00 GMT | Derek Frey's Outlook | Derek Frey | WBN |  |
Current Session: Europe − U.S.
GBP/USD
Daily Trading Forecast − Again Synchronised Global Interest Rate Cuts by Swiss e Trade AG
Cable is soon entering a resistance zone between 1.5850 and 1.5890, having recovered in early European trading, and is currently priced at 1.5790. We expect this resistance zone to be tested but not broken in today's trading. In later hours, another downmove to the 1.5650 area is likely.
USD/JPY
Forex Analysis on Majors − Yen Loses the Earlier Gained Positions against Euro and Dollar by Forex Ltd
The pre−planned positions for sell from key resistance range were realized with attainment of basic assumed targets. OsMA trend indicator, having marked low activity preservation of both parties, as before does not give definiteness in the choice of planning priority direction
DOLLAR CROSSES
Daily Analysis − The Dollar declines on speculation the U.S jobs report will come in the negative by Finotec Group Inc.
The greenback fell against the yen on speculation a government report will show the U.S. economy lost the most jobs since 2003, bolstering the case for the Federal Reserve to lower interest rates. The U.S. currency also declined versus the British pound
Analyst Sentiment Index (ASI)
Analysts Sentiment Index - EUR/USD
**Source : ActionForex.com, CMS Forex, Danske Bank A/S, FXstreet.com, i-knowindices.com, Mizuho Corporate Bank, MolFX - Management
[ 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 | |
| Nov 7 | 13:30 | Nonfarm Payrolls | -200K | -159K |
| Nov 7 | 13:30 | Unemployment Rate | 6.2% | 6.1% |
Trading News Report - U.S. Non−Farm Payrolls on Tap − Will the Dollar Reverse Course? by FXCM
U.S. Non−Farm payrolls are expected to contract another 200K in October, and will certainly drive price action for the greenback as NFP's are considered to be a top market mover in the currency market. Fading growth prospects paired with the slowdown in the global economy has certainly taken a toll on businesses, and conditions may only get worse as fears of a global meltdown intensify.
[ Full Story ]- Futures point to stronger Wall St; payrolls eyed (Thomson Financial News)
- JGBs fall as Nikkei trims loss, caution before US jobs (Thomson Financial News)
Asia Market Update - Stocks and currencies swing between gains and losses ahead of key US employment data; Profit warning sinks shares of Toyota by TradeTheNews.com
Forex Trading Strategies - US employment report out today likely an ugly one by Saxo Bank
Top Market Movers Review
Canada UNEMPLOYMENT RATE
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Nov 7 | 12:00 | Net Change in Employment | 9.5K | 5.0K | 106.9K |
| Nov 7 | 12:00 | Unemployment Rate | 6.2% | 6.2% | 6.1% |
Canada employment climbs slightly in October (Thomson Financial News)
Canada's economy added 9,500 jobs in October, when a healthy increase in full−time jobs was mostly offset by losses in part−time employment, Statistics Canada said on Friday.
[ Full Story ]Asia Market Update - Stocks and currencies swing between gains and losses ahead of key US employment data; Profit warning sinks shares of Toyota by TradeTheNews.com
Germany INDUSTRIAL PRODUCTION S.A.
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Nov 7 | 11:00 | Industrial Production s.a. (MoM) | -3.6% | -0.9% | 3.4% |
| Nov 7 | 11:00 | Industrial Production s.a. w.d.a. (YoY) | -2.1% | 0.5% | 1.7% |
DATA SNAP: German Sep Indus Output Biggest Drop In Over 13Yrs (Dow Jones)
German industrial production fell 3.6% on the month in September in seasonally adjusted terms,the biggest drop since January 1995 and more than expected, dragged down by weaker producer and durable consumer goods output, data from the German Economics Ministry showed Friday.
[ Full Story ]- UPDATE: German Sep Indus Output Biggest Drop In Over 13 Yrs (Dow Jones)
- INSTANT VIEW 3−German Sept industry output falls (Thomson Financial News)
- INSTANT VIEW 2−German Sept industry output falls (Thomson Financial News)
EMU economic indicators - Output in the German producing sector (September): down by BHF−Bank
Economic Events
| Date (GMT) | Country | Event | Actual | Cons. | Previous | |
| Nov 7 | 06:45 | CH | Unemployment Rate s.a. (Oct) | 2.6% | 2.6% | 2.6% |
| 07:00 | DE | Trade Balance (Sep) | 15.0B | 10.6 | ||
| 11:00 | DE | Industrial Production s.a. (MoM) (Sep) | -3.6% | -0.9% | 3.4% | |
| 11:00 | DE | Industrial Production s.a. w.d.a. (YoY) (Sep) | -2.1% | 0.5% | 1.7% | |
| 12:00 | CA | Net Change in Employment (Oct) | 9.5K | 5.0K | 106.9K | |
| 12:00 | CA | Unemployment Rate (Oct) | 6.2% | 6.2% | 6.1% | |
| 13:30 | US | Average Hourly Earnings (MoM) (Oct) | 0.2% | 0.2% | ||
| 13:30 | US | Average Hourly Earnings (YoY) (Oct) | 3.4% | |||
| 13:30 | US | Average Weekly Hours (Oct) | 33.6 | 33.6 | ||
| 13:30 | US | Nonfarm Payrolls (Sep) | -200K | -159K | ||