Friday, Dec 05, 12:19 GMT
U.S. Trading Newsletter
To Get Started
- Webinar Videos: The Weather Report: Ichimoku Cloud Trading by Chris Capre
- All the events of the day in our Economic Calendar
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Forex Blogs
The Advisor Blog: Usd/Chf update by Valeria Bednarik
Remember the Fibo fan? Let's follow the chart: yesterday's rally send the pair quickly under the 50% pushing indicators to the downside: see the perfect "V" shape CCI marked in 4 hours charts, and the come back to the upside after regaining the −200 level.
FxBootcamp: Pre London Outlook For December 5th 2008 by David R Pegler
Live Sessions Schedule
SPECIAL EVENT: Trade Non−Farm Payrolls LIVE − 31st Edition
Expert: Wayne McDonell
Start: Fri, Dec 5, 12:30 GMT
Sponsored by: 
Type of Session: Webinar
| Sponsored by | ||||
| Fri, Dec 5, 12:30 GMT | SPECIAL EVENT: Trade Non−Farm Payrolls LIVE − 31st Edition | Wayne McDonell | WBN | |
| Mon, Dec 8, 10:00 GMT | Understand & Use Fibonacci Ratios Effectively | Sunil Mangwani | WBN |  |
| Mon, Dec 8, 14:00 GMT | Year end Fundamental Review  | Adam Rosen | WBN |  |
| Mon, Dec 8, 15:00 GMT | Derek Frey's Outlook | Derek Frey | WBN |  |
Current Session: Europe − U.S.
EUR/USD
Euro: Need to see break above that 1.3115 resistance to expand the upside
Avantage Financial GMBH − Once again the 21 day EMA held as resistance yesterday (3rd in a row) and still a chance for a test of the underlying rising support at 1.2468 near term. Need to see break above that 1.3115 resistance to expand the upside.
Support: 1.2468 (rising sup), 1.2323 (January 2006 high)
Resistance: 1.2740 (yesterday's high), 1.2764 (21 day EMA), 1.2840 (interim falling resistance), 1.3080 (last week's high), 1.3115 (5 Nov high), 1.3295 (30 Oct high)
.
USD/JPY
Daily Recommended Trades − The Euro has bounced to 1.2850 by Finotec Group Inc.
The dollar headed for a decline against the yen, its longest losing streak in four years, before a U.S. government report that economists say will show the unemployment rate rose to the highest level since 1993.
GBP/USD
Daily Trading Forecast − Cable tested and nearly broke the 1.4500 handle support by Swiss e Trade AG
Cable tested and nearly broke the 1.4500 handle support yesterday but recovered in Asian trading and is continuing this move in European morning trading.
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 | |
| Dec 5 | 13:30 | Nonfarm Payrolls | -325K | -240K |
| Dec 5 | 13:30 | Unemployment Rate | 6.8% | 6.5% |
November Non−Farm Preview: Jobs Losses Could Near −400k by GFT (Global Forex Trading)
The US economy has officially entered a recession and the labor market numbers that are due on Friday will confirm that. Not only do we expect the US economy to report its eleventh consecutive month of job losses but the job losses will probably be the largest in 26 years.
[ Full Story ]- TREASURIES−Bond rally pauses ahead of jobs report (Thomson Financial News)
- TOPWRAP 4−U.S. and China trade views; US job losses awaited (Thomson Financial News)
Daily Forex Technical Report − Dollar at Critical Point ahead of Non−Farm Payroll by ActionForex.com
Top Market Movers Review
Canada NET CHANGE IN EMPLOYMENT
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Dec 5 | 12:00 | Net Change in Employment | -71.0K | -15.0K | 9.5K |
| Dec 5 | 12:00 | Unemployment Rate | 6.3% | 6.4% | 6.2% |
Canada unemployment continues inching up in November (FXstreet.com)
Canadian economy has destroyed employment in November fot the firsst time in foutr months, while the unemployment rate has edged up fro second consecutive month, according to data released by Statistics Canada.
[ Full Story ]- Read the Employment data at Statistics Canada
- Canada November job losses biggest in 26 years (Thomson Financial News)
- Canada: Unemployment Rate edges up to 6.3% in November; −70,000 net jobs (FXstreet.com)
Germany FACTORY ORDERS S.A.
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Dec 5 | 11:00 | Factory Orders n.s.a. (YoY) | -17.3% | -11.2% | -3.0% |
| Dec 5 | 11:00 | Factory Orders s.a. (MoM) | -6.1% | 0.4% | -8.3% |
DATA SNAP: German Oct Mfg Orders Show Surprise 6.1% MM Drop (Dow Jones)
German manufacturing orders unexpectedly fell sharply in October, following on from the fastest decline in 18 years in September, according to data from the German Ministry of Economics Friday that highlighted the severity of the downturn in Europe's largest economy.
[ Full Story ]- Read the Factory Orders data at BMWi [text in German]
- UPDATE 1−German orders plunge, heralding deep recession (Thomson Financial News)
- German Indus Sees Less Access To Credit In Nov − Ifo Study (Dow Jones)
- INSTANT VIEW 3−German industry orders slump in October (Thomson Financial News)
Daily Forex Technical Report − Dollar at Critical Point ahead of Non−Farm Payroll by ActionForex.com
Friday Notes - Further weakness in the pipeline by HVB Group
Economic Events
| Date (GMT) | Country | Event | Actual | Cons. | Previous | |
| Dec 4 | 16:15 | US | Fed's Bernanke Speech | |||
| Dec 5 | 05:30 | AU | Foreign Reserves (Nov) | 46.702 | 44.889B | |
| 11:00 | DE | Factory Orders n.s.a. (YoY) (Oct) | -17.3% | -11.2% | -3.0% |
|
| 11:00 | DE | Factory Orders s.a. (MoM) (Oct) | -6.1% | 0.4% | -8.3% |
|
| 12:00 | CA | Net Change in Employment (Nov) | -71.0K | -15.0K | 9.5K | |
| 12:00 | CA | Unemployment Rate (Nov) | 6.3% | 6.4% | 6.2% | |
| 13:30 | US | Average Hourly Earnings (MoM) (Nov) | 0.2% | 0.2% | ||
| 13:30 | US | Average Hourly Earnings (YoY) (Nov) | 2.9% | |||
| 13:30 | US | Average Weekly Hours (Nov) | 33.6 | 33.6 | ||
| 13:30 | US | Nonfarm Payrolls (Nov) | -325K | -240K | ||