Friday, Jan 09, 12:31 GMT
U.S. Trading Newsletter
To Get Started
- Webinar VIDEOS: Trading Break Out's And Other Market Views by Phil Newton
- All the events of the day in our Economic Calendar
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Forex Blogs
The Advisor Blog: Non Farm Payrolls by Valeria Bednarik
During all 2008, America has been losing jobs: today we have past December publication, and that will bring the number close to 2 million people, remaining the biggest concern of the American economy. With the ADP survey (published a few days ago) getting more accurate month after month, today we are "expecting" a nearly 650K lost...
Forex Trading Today: U.K. Contraction Drowning the Queen Again in the Channel? by Tim Salem
The Trader's Edge: EUR/USD (Pre-NFP) by Ross Yamashita
Live Sessions Schedule
SPECIAL EVENT: Trade Non−Farm Payrolls LIVE − 32nd Edition
Expert: Wayne McDonell
Start: Fri, Jan 9, 12:30 GMT
Sponsored by: 
Type of Session: Webinar
| Sponsored by | ||||
| Fri, Jan 9, 12:30 GMT | SPECIAL EVENT: Trade Non−Farm Payrolls LIVE − 32nd Edition | Wayne McDonell | WBN | |
| Mon, Jan 12, 10:00 GMT | Understand & Use Fibonacci Ratios Effectively | Sunil Mangwani | WBN |  |
| Mon, Jan 12, 12:00 GMT | Forex Basics Series: Chapter 1 − Trading System | Valeria Bednarik | WBN |  |
| Mon, Jan 12, 13:00 GMT | US Pre−Market Open  | Ed Ponsi | WBN | |
Current Session: Europe − U.S.
Dollar slide against major ahead of Nonāfarm payroll
ACM − Advanced Currency Markets − Market traded as high as 1.4720 in December but reversed most of its gain down to 1.3313 low on Tuesday. Renewed strength may look for 1.4867 23rd October high. A return over 1.5000 will clear the last 3−month pressure and may put key resistance 1.6000 into focus. Initial resistance holds 1.4363 last week high. On the downside, 1.3313, Tuesday low, hold supports.
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Daily Trading Forecast − Forgotten Words in the EU by Swiss e Trade AG
Cable dropped in European morning trading and is currently at 1.5190. We see not much more downside potential for today, most probably the pair will find support around the 1.5150 level
Daily FX Report − EUR/CHF: The currency pair could leave its bearish trend by Varengold Wertpapierhandelsbank AG
The currency pair could leave its bearish trend and tested its resistance line at 1.5172. Now it seems the EUR/CHF conglomerate for a new attempt to cross its resistance.
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 | |
| Jan 9 | 13:30 | Nonfarm Payrolls | -480K | -533K |
| Jan 9 | 13:30 | Unemployment Rate | 7.0% | 6.7% |
Why Non−Farm Payrolls Could Rebound in December by GFT (Global Forex Trading)
The US dollar is selling off aggressively ahead of Friday's non−farm payrolls report on the fear that for the second month in a row, job losses may have topped 500k. The recent moves in the currency and equity markets suggest that everyone expects a very weak labor market report.
[ Full Story ]- TOPWRAP 2−World waits on U.S. jobs data as recession weighs (Thomson Financial News)
- GLOBAL MARKETS−Investors eye U.S. jobs data (Thomson Financial News)
Market Session Snap−Shot - Asian Session − Bracing for a Potential NFP Whopper by ACM − Advanced Currency Markets
Daily Analysis - The greenback falls as U.S payrolls a expected to show job losses by Finotec Group Inc.
Top Market Movers Review
Canada UNEMPLOYMENT RATE
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Jan 9 | 12:00 | Unemployment Rate | 6.6% | 6.5% | 6.3% |
| Jan 9 | 12:00 | Net Change in Employment | -34K | -20K | -71K |
Canada economy sheds 34,400 more jobs in Dec (Thomson Financial News)
Canadian employers cut more jobs in December than expected for a net job loss of 34,400, with the construction sector posting the biggest declines, Statistics Canada said on Friday. The unemployment rate rose to 6.6 percent from 6.3 percent in November.
[ Full Story ]- Read the Employment data at Statistics Canada
- Canadian unemployment grows above expectations in December (FXstreet.com)
- Canada Employment declines by net −34K in Dec; unemployment rate up to 6.6% (FXstreet.com)
Canadian unemployment expected to have climbed to 6.5% by ActionForex.com
EMU RETAIL SALES
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Jan 9 | 10:00 | Retail Sales (YoY) | -1.5% | -1.6% | -2.3% |
| Jan 9 | 10:00 | Retail Sales (MoM) | 0.6% | -0.1% | -1.0% |
DATA SNAP: Euro−Zone Nov Retail Sales Rise, But Weak On Year (Dow Jones)
Euro−zone retail sales bounced back more than expected on the month in November, but remained weaker on the year as rising unemployment and the recession weighed on consumer spending in the currency bloc, official data showed Friday.
[ Full Story ]- Read the Retail Sales data at Eurostat
- UPDATE: Euro−Zone Nov Retail Sales Bounce, But Weak On Year (Dow Jones)
- INSTANT VIEW 4−Euro zone Nov retail sales up unexpectedly m/m (Thomson Financial News)
- INSTANT VIEW 3−Euro zone Nov retail sales up unexpectedly m/m (Thomson Financial News)
Daily Market Briefing - Euro Ends Day Just Below Key Resistance − Will Euro−zone Retail Sales Weigh on Friday? by FXCM
UK INDUSTRIAL PRODUCTION
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Jan 9 | 09:30 | Industrial Production (MoM) | -2.3% | -0.5% | -1.6% |
| Jan 9 | 09:30 | Manufacturing Production (MoM) | -2.9% | -0.9% | -1.4% |
DATA SNAP: UK Mfg Output Falls Sharply Again In November (Dow Jones)
The recession in the U.K. manufacturing sector deepened in November, with output plunging a larger−than−expected 2.9% on the month, the Office for National Statistics said Friday. November's decline is the ninth successive monthly drop and marks the longest consecutive contraction in manufacturing output since 1980.
[ Full Story ]- Read the Industrial Production data at UK Statistics
- UPDATE 1−UK Nov manufacturing slumps at fastest pace since 1981 (Thomson Financial News)
- UPDATE 1−UK Nov manufacturing slumps at fastest pace since 1981 (Thomson Financial News)
- INSTANT VIEW 9−UK manufacturing slumps in Nov (Thomson Financial News)
Over the last 2 weeks, by ActionForex.com
Economic Events
| Date (GMT) | Country | Event | Actual | Cons. | Previous | |
| Jan 9 | 10:00 | EMU | Retail Sales (MoM) (Nov) | 0.6% | -0.1% | -1.0% |
| 10:00 | EMU | Retail Sales (YoY) (Nov) | -1.5% | -1.6% | -2.3% |
|
| 11:00 | DE | Industrial Production s.a. (MoM) (Nov) | -3.1% | -2.0% | -2.1% | |
| 11:00 | DE | Industrial Production s.a. w.d.a. (YoY) (Nov) | -6.4% | -5.5% | -3.8% | |
| 12:00 | CA | Net Change in Employment (Dec) | -34K | -20K | -71K | |
| 12:00 | CA | Unemployment Rate (Dec) | 6.6% | 6.5% | 6.3% | |
| 13:15 | CA | Housing Starts s.a (YoY) (Dec) | 175K | 172K | ||
| 13:30 | US | Average Hourly Earnings (MoM) (Dec) | 0.2% | 0.4% | ||
| 13:30 | US | Average Hourly Earnings (YoY) (Dec) | 2.8% | |||
| 13:30 | US | Average Weekly Hours (Dec) | 33.5 | 33.5 | ||