Friday, Mar 06, 12:10 GMT
U.S. Trading Newsletter
To Get Started
- Webinar Videos: Catching Redfish off the pool: Trend Lines and Technical Indicators by S.A. Ghafari
- All the events of the day in our Economic Calendar
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Forex Blogs
The Advisor Blog: Eur/Usd technical perspective by Valeria Bednarik
The pair has turned slightly bullish in 4 hours charts, and my 20 SMA is under price and flat. Indicators are also pointing to the upside, and above the 200 EMA. this is saying that technically, the pair is ready to continue to the upside.
The Trader's Edge: USD/CHF Trade Analysis & NFP Preview by Ross Yamashita
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Live Sessions Schedule
SPECIAL EVENT: Trade Non−Farm Payrolls LIVE − 34th Edition
Expert: Wayne McDonell
Start: Fri, Mar 6, 12:30 GMT
Sponsored by: 
Type of Session: Webinar
| Sponsored by | ||||
| Fri, Mar 6, 12:30 GMT | SPECIAL EVENT: Trade Non−Farm Payrolls LIVE − 34th Edition | Wayne McDonell | WBN | |
| Mon, Mar 9, 09:00 GMT | Technical analysis is NOT the trading plan | Sunil Mangwani | WBN |  |
| Mon, Mar 9, 10:00 GMT | FX Instructor Live Trading Room  | Mark De La Paz | WBN |  |
| Mon, Mar 9, 14:00 GMT | Derek Frey's Outlook | Derek Frey | WBN |  |
Current Session: Europe − U.S.
USD/JPY: The Dollar breaks 97.00 support, advances towards 96.40
FXstreet.com − Support level at 97.00 has proven too weak to hold the Dollar's retreat from 99.50, and the correction from there has brought about a 290 pips collapse so far, the pair advances at around 96.60 on its way to 96.40 support. The Dollar seems to have established an important top at 99.50.
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Daily Trading Forecast − Irrational Exuberance Works Both Ways by Swiss e Trade AG
The pair, on a recovery move to the current 1.2670, is bumping into a resistance zone now around the 1.2700 level. We see that level being broken in today's trading, leading to prices around 1.2750, before another weak phase could set in.
GBP/USD
Daily Technical Strategist − GBPUSD: Struggling And Vulnerable by FXTechstrategy
Although GBP continues to struggle at the 1.4137 level, its Feb 12'09 low and resist downside pressure, while it remains trapped within its ST falling channel, lower level prices are expected.
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 | |
| Mar 6 | 13:30 | Nonfarm Payrolls | -625K | -598K |
| Mar 6 | 13:30 | Average Hourly Earnings (YoY) | - | 3.9% |
| Mar 6 | 13:30 | Average Hourly Earnings (MoM) | 0.3% | 0.3% |
| Mar 6 | 13:30 | Unemployment Rate | 7.9% | 7.6% |
Friday Notes - Another ugly jobs report expected for February by UniCredit Group
The bulge in initial and continued claims for unemployment compensation will be reflected in another ugly jobs report for February. The unemployment rate is feeling the impact, climbing sharply in the past few months. We expect that the widening scope of the recession will be confirmed by another drop in the diffusion indexes that the Bureau of Labor Statistics tabulates.
[ Full Story ]Forex Trading Strategies - The quiet before (another) storm? Non−farm payrolls hold the key by Saxo Bank
Economics Weekly - BoE and ECB to cut interest rates, weak US jobs data expected by Lloyds TSB Financial Markets
Top Market Movers Review
UK PRODUCER PRICE INDEX − INPUT
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Mar 6 | 09:30 | Producer Price Index − Output (MoM) n.s.a | 0.1% | 0.1% | 0.1% |
| Mar 6 | 09:30 | Producer Price Index − Input (MoM) s.a | 0.6% | -0.5% | 1.5% |
| Mar 6 | 09:30 | Producer Price Index − Input (YoY) n.s.a | 0.5% | 1.1% | 2.3% |
| Mar 6 | 09:30 | Producer Price Index − Output (YoY) n.s.a | 3.1% | 3.1% | 3.5% |
DATA SNAP: UK Feb Output PPI +0.1%MM, In Line With Forecasts (Dow Jones)
U.K. factory gate prices edged up in February in line with expectations, but input prices were stronger than forecast due to a sharp rise in crude oil prices and the weaker pound, data from the Office of National Statistics showed Friday.
[ Full Story ]- Read the PPI data at UK Statistics
- UPDATE: UK Feb Output PPI +0.1%MM, In Line With Forecasts (Dow Jones)
- UK 4Q Construction Output Sinks To Lowest Level Since 2003 (Dow Jones)
- UK Feb PPI Output keeps rising at 0.1% MoM, +3.1% YoY (FXstreet.com)
Economic Events
| Date (GMT) | Country | Event | Actual | Cons. | Previous | |
| Mar 6 | 08:15 | CH | Consumer Price Index (MoM) (Feb) | 0.2% | -0.1% | -0.8% |
| 08:15 | CH | Consumer Price Index (YoY) (Feb) | 0.2% | 0.0% | 0.1% | |
| 09:30 | UK | Producer Price Index − Input (MoM) s.a (Feb) | 0.6% | -0.5% | 1.5% | |
| 09:30 | UK | Producer Price Index − Input (YoY) n.s.a (Feb) | 0.5% | 1.1% | 2.3% | |
| 09:30 | UK | Producer Price Index − Output (MoM) n.s.a (Feb) | 0.1% | 0.1% | 0.1% | |
| 09:30 | UK | Producer Price Index − Output (YoY) n.s.a (Feb) | 3.1% | 3.1% | 3.5% | |
| 13:30 | US | Average Hourly Earnings (MoM) (Feb) | 0.3% | 0.3% | ||
| 13:30 | US | Average Hourly Earnings (YoY) (Feb) | 3.9% | |||
| 13:30 | US | Nonfarm Payrolls (Feb) | -625K | -598K | ||
| 13:30 | US | Unemployment Rate (Feb) | 7.9% | 7.6% | ||