Friday, Apr 03, 11:05 GMT
U.S. Trading Newsletter
To Get Started
- Webinar Videos: Fibonacci - From Novice to Advanced Techniques by Adam Rosen
- All the events of the day in our Economic Calendar
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Forex Blogs
Trading for a living: NFP Focus by David Aranzabal
Today is NFP day. We may get clear the final sentiment after this week's battery news releases. GBP Focus: This morning we have to watch out the following figures:
1st on Forex: G20 Success – Gold Fails - Pound the Euro by Jerry Furst
FX Market Readings: NFP data release and expected week end moves by Dr. S. Sivaraman
Find other fellow traders to share your comments and market view in the FOREX FORUM
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Live Sessions Schedule
SPECIAL EVENT: Trade Non−Farm Payrolls LIVE − 35th Edition
Expert: Wayne McDonell
Start: Fri, Apr 3, 11:30 GMT
Sponsored by: 
Type of Session: Webinar
| Sponsored by | ||||
| Fri, Apr 3, 11:30 GMT | SPECIAL EVENT: Trade Non−Farm Payrolls LIVE − 35th Edition | Wayne McDonell | WBN | |
| Mon, Apr 6, 09:00 GMT | Using Fibonacci ratios to manage your trades efficiently | Sunil Mangwani | WBN |  |
| Mon, Apr 6, 15:00 GMT | Advanced Methods for Finding Dominant Trends in Forex Markets  | Mark Whistler | WBN |  |
| Mon, Apr 6, 16:00 GMT | Weekly Webinar: 1st on Forex − The Week Ahead | Jerry Furst | WBN |  |
Current Session: Europe − U.S.
Forex: USD/JPY: The Dollar, rejected from 100.00 level
FXstreet.com − The Dollar continues struggling to get above the 100 level but sellers are winning the battle so far, as resistance around 98.90 seems a rather sturdy one, he pair trades several pips below the latter level at midday time in Europe.
Support levels remain at 99.50 and then next support could appear at the 99.00/98.85 zone, beneath that level, 98.40 (Apr 2 low). On the upside, above 99.95 next resistance could lie at 100.55 (Now 4 high) and, above there, 101.00.
GBP/USD
Daily Trading Forecast − After G20 − Back To The Basics by Swiss e Trade AG
Cable jumped in early European trading, breaking the 1.4750 resistance level and reaching 1.4830 but then returning to current prices at 1.4758. We see some downward correction setting in soon.
EUR/USD
Daily Forex News − Forex − Euro remains bullish ahead of NFP by ACM − Advanced Currency Markets
EurUsd The break above 1.3420 yesterday indicates the euro is better bid than we had dared to hope. Consequently after the release of the numbers today we are looking for further gains and a run at the 1.3605 Fibo level.
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 | |
| Apr 3 | 12:30 | Nonfarm Payrolls | -658K | -651K |
| Apr 3 | 12:30 | Unemployment Rate | 8.4% | 8.1% |
US: Preview of March Unemployment by Easy Forex
Friday the Bureau of Labor Statistics (BLS) will release the US March employment report. Based on the ADP employment report released Wednesday, the US labor market worsened in March. ADP reported that 742K jobs were shed by US employers in March.
[ Full Story ]- European markets mixed ahead of NFP, Pound and Yen at important levels (FXstreet.com)
- GLOBAL MARKETS: European Stocks Weaken; Payrolls Key (Dow Jones)
London Bullion Report - Gold sluggish ahead of key data by The Bullion Desk
Top Market Movers Review
EMU PURCHASING MANAGER INDEX SERVICES
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Apr 3 | 08:00 | Purchasing Manager Index Services | 40.9 | 40.1 | 39.2 |
UPDATE: Euro−Zone Econ Output Contraction Slows In March (Dow Jones)
The decline in euro−zone economic output slowed more than expected in March, but the combined output of the services and manufacturing sectors still suffered its largest quarterly decline on record in the first quarter, final data from Markit Economics showed Friday.
[ Full Story ]- Markit Economics homepage
- DATA SNAP: Euro−Zone Econ Output Contraction Slows In March (Dow Jones)
- Euro Zone Services PMI up to 40.9 vs 39.2 (FXstreet.com)
UK HALIFAX HOUSE PRICES
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Apr 3 | 08:00 | Halifax House Prices (YoY) | -17.5% | - | -17.7% |
| Apr 3 | 08:00 | Halifax House Prices (MoM) | -1.9% | -2.0% | -2.3% |
DATA SNAP: UK House Prices −1.9%, −17.5% In March − Halifax (Dow Jones)
U.K. house prices fell again in March but the year−on−year decline slowed for the first time since in April last year when prices began falling in annual terms, lender Lloyds Banking Group PLC said Friday.
[ Full Story ]- Read the HPI data at Halifax
- UPDATE: UK House Prices −1.9%MM, −17.5%YY In March − Halifax (Dow Jones)
- UK Mar Halifax House Prices down 1.9% MoM, −17.5% YoY (FXstreet.com)
Economic Events
| Date (GMT) | Country | Event | Actual | Cons. | Previous | |
| Apr 3 | 07:15 | CH | Consumer Price Index (MoM) (Mar) | -0.3% | 0.0% | 0.2% |
| 07:55 | DE | Purchasing Manager Index Services (Mar) | 42.3 | 41.7 | 41.7 | |
| 08:00 | UK | Halifax House Prices (MoM) (Mar) | -1.9% | -2.0% | -2.3% | |
| 08:00 | UK | Halifax House Prices (YoY) (Mar) | -17.5% | -17.7% | ||
| 08:00 | EMU | Purchasing Manager Index Services (Mar) | 40.9 | 40.1 | 39.2 | |
| 08:30 | UK | Purchasing Manager Index Services (Mar) | 45.5 | 43.6 | 43.2 | |
| 12:30 | US | Average Hourly Earnings (MoM) (Mar) | 0.2% | 0.2% | ||
| 12:30 | US | Average Hourly Earnings (YoY) (Mar) | 3.5% | 3.6% | ||
| 12:30 | US | Average Weekly Hours (Mar) | 33.3 | 33.3 | ||
| 12:30 | US | Nonfarm Payrolls (Mar) | -658K | -651K | ||