Friday, Jun 05, 11:37 GMT
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Forex Blogs
Trading for a living: TrendLines work, don't they? (2) by David Aranzabal
This article is continuation from the previous post about TrendLines. I just saw this morning 2 trendlines in Eur and Cable that drew my attention: Note: In Forex we've got so much liquidity that even in very small charts we obtain a vey nice technical definition.
The Trader's Edge: Technicals and Fundamentals for the NFP by Ross Yamashita
CEO's Weblog: Learning Center - Unit B, Chapter 1: Technical Analysis RELEASED by Francesc Riverola
Sponsored by 
Live Sessions Schedule
SPECIAL EVENT: Trade Non−Farm Payrolls LIVE − 37th Edition
Expert: Wayne McDonell
Start: Fri, Jun 5, 11:30 GMT
Sponsored by: 
Type of Session: Webinar
| Sponsored by | ||||
| Fri, Jun 5, 11:30 GMT | SPECIAL EVENT: Trade Non−Farm Payrolls LIVE − 37th Edition | Wayne McDonell | WBN | |
| Mon, Jun 8, 05:00 GMT | Asian Session: Live Market Analysis | Dr.S.Sivaraman | WBN |  |
| Mon, Jun 8, 12:00 GMT | US Pre−Market Open  | Ed Ponsi | WBN | |
| Mon, Jun 8, 13:30 GMT | US Session Open | Ed Ponsi | WBN | |
Current Session: Europe − U.S.
Forex: EUR/USD: Euro continues moving sideways around 1.4200
FXstreet.com − The Euro has remained consolidating at levels between 1.4160 and 1.4215 for most of the European and Asian sessions, volatility has dropped ahead of U.S. Non farm payrolls report, Bollinger bands are flat and tight.
Initial support level lies at 1.4155/65, and below there, 1.4105/20 and yesterday's low at 1.4070. Resistance levels lie at 1.4215/30 area, and above there, 1.4240 (Jun 4 high) and 1.4270/80.
GBP/USD
Daily Trading Forecast − Cable is showing higher volatility than its cousin EUR by Swiss e Trade AG
Cable is showing higher volatility than its cousin EUR in early European trading, right now falling to support levels around 1.6000 and currently trading at 1.6045.
USD/JPY
Forex: USD/JPY: The Dollar continues in a narrow range below 97.00 by FXstreet.com
The Dollar has remained moving in a narrow range below 96.90 resistance level on a extremely thin European session ahead of U.S. payrolls report.
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 | |
| Jun 5 | 12:30 | Nonfarm Payrolls | -521K | -539K |
| Jun 5 | 12:30 | Average Hourly Earnings (YoY) | 3.1% | 3.2% |
| Jun 5 | 12:30 | Average Weekly Hours | 33.2 | 33.2 |
| Jun 5 | 12:30 | Average Hourly Earnings (MoM) | 0.1% | 0.1% |
| Jun 5 | 12:30 | Unemployment Rate | 9.2% | 8.9% |
US: Employment − Have We Reached a Turning Point? by Wachovia
[ Full Story ]- Non−Farm payrolls data could determine Euro and Yen directions (FXstreet.com)
- GLOBAL MARKETS: European Stocks Seen Up; US Payrolls Focus (Dow Jones)
Sunrise Market Commentary - Payrolls come at crucial time for bonds by KBC Bank
Daily Forex Strategy Briefing - Greenback Mixed Ahead of Job Report by CMS Forex
Top Market Movers Review
UK PRODUCER PRICE INDEX − INPUT
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Jun 5 | 08:30 | Producer Price Index − Output (YoY) n.s.a | -0.3% | -0.4% | 1.2% |
| Jun 5 | 08:30 | Producer Price Index − Input (YoY) n.s.a | -9.4% | -8.3% | -5.0% |
| Jun 5 | 08:30 | Producer Price Index − Output (MoM) n.s.a | 0.4% | 0.4% | 0.6% |
| Jun 5 | 08:30 | Producer Price Index − Input (MoM) s.a | 0.4% | 0.8% | -1.0% |
DATA SNAP: UK May PPI Hit Multiyear Lows As Fuel Prices Sink (Dow Jones)
U.K. factory gate prices fell on the year in May for the first time since 2002, while input prices dropped at the fastest rate since 2001 on record declines in fuel costs, official data released Friday showed.
[ Full Story ]- UPDATE: UK May PPI Hit Multiyear Lows On Diving Fuel Prices (Dow Jones)
- UK May Output MoM PPI up 0.4%, −0.3% YoY (FXstreet.com)
- UK May Input PPI MoM rises 0.4%, −9.4% YoY (FXstreet.com)
Economic Events
| Date (GMT) | Country | Event | Actual | Cons. | Previous | |
| Jun 5 | 08:30 | UK | Producer Price Index − Input (MoM) s.a (May) | 0.4% | 0.8% | -1.0% |
| 08:30 | UK | Producer Price Index − Input (YoY) n.s.a (May) | -9.4% | -8.3% | -5.0% | |
| 08:30 | UK | Producer Price Index − Output (MoM) n.s.a (May) | 0.4% | 0.4% | 0.6% | |
| 08:30 | UK | Producer Price Index − Output (YoY) n.s.a (May) | -0.3% | -0.4% | 1.2% | |
| 11:00 | CA | Net Change in Employment (May) | -41.8K | -36.5K | 35.9K | |
| 11:00 | CA | Unemployment Rate (May) | 8.4% | 8.2% | 8.0% | |
| 12:30 | US | Average Hourly Earnings (MoM) (May) | 0.1% | 0.1% | ||
| 12:30 | US | Average Hourly Earnings (YoY) (May) | 3.1% | 3.2% | ||
| 12:30 | US | Average Weekly Hours (May) | 33.2 | 33.2 | ||
| 12:30 | US | Nonfarm Payrolls (May) | -521K | -539K | ||
Educational Resources
Listen to Steven Croft's podcast about trading strategies and psychology matters. Listen now! Here are the topics for this week:
− You Need To Learn How To Dance In The Rain
− When You Find The Right Track... Don't Just Get On... Get Going!
− Enthusiasm Brings About A Triumph
− Thinking Can Make Impossible Become Possible
− Don't Just Look, Make Sure That You Truly See And Understand
Related Resources
Emotion Management System - Report by Dima Chernovolov
Trading and Emotions - Report by Tomas Cedavicius
Conquering Fear and Greed: How to Deal With Emotions When Trading - Webinar recording by Markus Heitkoetter