Friday, Feb 06, 12:01 GMT
U.S. Trading Newsletter
To Get Started
- Webinar VIDEOS: Institutional Trading Strategies: Pivot Points by Andrei Pehar
- All the events of the day in our Economic Calendar
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Forex Blogs
The Advisor Blog: Usd/Chf broken triangle by Valeria Bednarik
The pair has broken the triangle we have been following and from a technical perspective, remains ready to continue up (also helped by the rising gold price) although 4 hours indicators are showing some exhaustion to the upside.
1st on Forex: Patterns Holding Ahead of Non Farm Payroll? by Jerry Furst
Sponsored by 
Live Sessions Schedule
SPECIAL EVENT: Trade Non−Farm Payrolls LIVE − 33rd Edition
Expert: Wayne McDonell
Start: Fri, Feb 6, 12:30 GMT
Sponsored by: 
Type of Session: Webinar
| Sponsored by | ||||
| Fri, Feb 6, 12:30 GMT | SPECIAL EVENT: Trade Non−Farm Payrolls LIVE − 33rd Edition | Wayne McDonell | WBN | |
| Mon, Feb 9, 10:00 GMT | Understand & Use Fibonacci Ratios Effectively | Sunil Mangwani | WBN |  |
| Mon, Feb 9, 11:00 GMT | FX Instructor Live Trading Room  | Mark De La Paz | WBN |  |
| Mon, Feb 9, 12:00 GMT | Forex Basics Series: Chapter 2 − Support and resistance | Valeria Bednarik | WBN |  |
Current Session: Europe − U.S.
NFP Friday − Dollar set to defy yet another dismal Non−Farm number?
ACM − Advanced Currency Markets − The move from 1.3072 down to 1.2750 spanning the last 3 days has shown the un−sustainability of the Euro's momentary bull run. 1.2825 being the initial resistance (tested once this morning an 23.6% retracement on above mentioned move). Focus is on the downside as a consolidated price action and NFP today aims for 1.2707 (Feb 2nd Low) via 1.2750 – eventual mishap could see renewed EUR strength with 1.2813 and 1.2840 in sight.
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Daily Analysis − Sterling rises as the BOE cuts the interest rate to record low by Finotec Group Inc.
Sterling hit a high versus the euro on Thursday, while the pound also jumped against the dollar after the Bank of England cut borrowing costs to a record low aimed at blunting the impact of a deep recession.
Forex Daily Analysis − JPY − Yen Rapidly Falls to One Month Low Against the Dollar by ForexYard
The JPY saw a very bearish trading session yesterday, losing ground against all of its currency crosses. The JPY fell to a one month low against the USD and closed at 90.80. Moreover, the Japanese Yen lost almost 150 points versus the EUR, closing at 116.38.
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 | |
| Feb 6 | 13:30 | Unemployment Rate | 7.5% | 7.2% |
| Feb 6 | 13:30 | Nonfarm Payrolls | -500K | -524K |
Trading News Report - EUR/USD: Trading the Change in U.S. Non−Farm Payrolls by FXCM
The U.S. labor market is expected to weaken further as economists forecast non−farm payrolls to drop another 540K In January after falling 524K in the previous month, which would raise the annual jobless rate to a 16−year high of 7.5% from 7.2%.
[ Full Story ]European Market Update - Market brace for a possible 6 digit loss in US payroll report by TradeTheNews.com
Sunrise Market Commentary - US Treasuries end the session moderately higher ahead of US payrolls release by KBC Bank
Top Market Movers Review
Germany INDUSTRIAL PRODUCTION S.A.
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Feb 6 | 11:00 | Industrial Production s.a. (MoM) | -4.6% | -2.5% | -3.1% |
| Feb 6 | 11:00 | Industrial Production s.a. w.d.a. (YoY) | -12.0% | -9.6% | -6.4% |
DATA SNAP: German December Indus Output Plummets 4.6% On Mo (Dow Jones)
German industrial production plummeted in December on a sharp fall in manufacturing output, and industrial activity should remain weak in the coming months, Germany's Economics Ministry said Friday.
[ Full Story ]- Read the Industrial Production data at German Statistics [text in German]
- UPDATE: German December Industrial Output Slumps 4.6% On Mo (Dow Jones)
- INSTANT VIEW 2−German output suffers record plunge in Dec (Thomson Financial News)
- INSTANT VIEW 1−German output suffers record plunge in Dec (Thomson Financial News)
EMU economic indicators - Output in the German producing sector (December): down by BHF−Bank
UK INDUSTRIAL PRODUCTION
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Feb 6 | 09:30 | Industrial Production (MoM) | -1.7% | -1.2% | -2.3% |
| Feb 6 | 09:30 | Manufacturing Production (MoM) | -2.2% | -1.2% | -2.9% |
| Feb 6 | 09:30 | Industrial Production (YoY) | -9.4% | -7.8% | -6.9% |
| Feb 6 | 09:30 | Manufacturing Production (YoY) | -10.2% | -8.5% | -7.4% |
DATA SNAP: UK Mfg Output Posts Worst Decline Since 1981 (Dow Jones)
The recession in the U.K. manufacturing sector deepened in December, with annual output plunging at its fastest rate for almost 27 years and quarterly data hitting its lowest level since U.K. factories operated a three−day week in 1974, the Office for National Statistics said Friday.
[ Full Story ]- Read the Industrial Production data at UK Statistics
- UPDATE: UK Mfg Output Hits Weakest Since 3−Day Week In 1974 (Dow Jones)
- INSTANT VIEW 6−UK Dec IP weaker than expected, PPI stronger (Thomson Financial News)
- INSTANT VIEW 5−UK Dec IP weaker than expected, PPI stronger (Thomson Financial News)
Economic Events
| Date (GMT) | Country | Event | Actual | Cons. | Previous | |
| Feb 6 | 09:30 | UK | Industrial Production (YoY) (Dec) | -9.4% | -7.8% | -6.9% |
| 09:30 | UK | Manufacturing Production (MoM) (Dec) | -2.2% | -1.2% | -2.9% | |
| 11:00 | DE | Industrial Production s.a. (MoM) (Dec) | -4.6% | -2.5% | -3.1% | |
| 11:00 | DE | Industrial Production s.a. w.d.a. (YoY) (Dec) | -12.0% | -9.6% | -6.4% | |
| 12:00 | CA | Net Change in Employment (Jan) | -40.0K | -20.4K |
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| 12:00 | CA | Unemployment Rate (Jan) | 7.2% | 6.8% | 6.6% | |
| 13:30 | US | Average Hourly Earnings (MoM) (Jan) | 0.3% | 0.3% | ||
| 13:30 | US | Average Hourly Earnings (YoY) (Jan) | 3.7% | |||
| 13:30 | US | Average Weekly Hours (Jan) | 33.3 | 33.3 | ||
| 13:30 | US | Nonfarm Payrolls (Jan) | -500K | -524K | ||