Thursday, Jul 02, 12:04 GMT
U.S. Trading Newsletter
To Get Started
- Learning Center: New chapter online, Fundamental Analysis is out. Check it out!
- WEBINAR VIDEOS: Market harmonics and Forex Trading by Derek Frey
- All the events of the day in our Economic Calendar
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Forex Blogs
CEO's Weblog: FXstreet.com Home Page Breaks 500k page views in June 09, best number since May 07 by Francesc Riverola
Hi everyone It seems the efforts we are putting in increasing the number of our visitors stopping by FXstreet.com's home page are starting to give good results. In June 2009, FXstreet's home page received 518,531 page views, the best number since May 2007 and not far from the all−time high of 543,849 reached in November 2006.
Trading for a Living: GBP/USD doesn’t wait neither ECB nor NFP by David Aranzabal
The Trader's Edge: EUR/USD - A Second Look by Ross Yamashita
Sponsored by 
Live Sessions Schedule
SPECIAL EVENT: Trade Non−Farm Payrolls LIVE − 38th Edition
Expert: Wayne McDonell
Start: Thu, Jul 2, 11:30 GMT
Sponsored by: 
Type of Session: Webinar
Trading Day's Live Wrap Up
Expert: Valeria Bednarik
Start: Thu, Jul 2, 22:30 GMT
Type of Session: Webinar
| Sponsored by | ||||
| Thu, Jul 2, 11:30 GMT | SPECIAL EVENT: Trade Non−Farm Payrolls LIVE − 38th Edition | Wayne McDonell | WBN | |
| Thu, Jul 2, 22:30 GMT | Trading Day's Live Wrap Up | Valeria Bednarik | WBN |  |
| Fri, Jul 3, 04:00 GMT | Asian Session: Live Market Analysis | Dr.S.Sivaraman | WBN | |
| Fri, Jul 3, 05:00 GMT | Asia−Pacific Trading Webinar | Abdul Khan | WBN | |
Current Session: Europe − U.S.
US Non−farm Payrolls, ECB and Riksbank rate decision
Danske Bank − Super−Thursday has finally arrived. With the Riksbank, the ECB and US non−farm payrolls data, there is ample opportunity for large swings on the market. Incidentally, US Treasury yields have almost returned to the levels before the huge jump after the last release of non−farm payrolls numbers.
GBP/USD
Do Not Expect Too Much of Today's ECB Rate Decision by Swiss e Trade AG
Cable fell further after a weak Asian session in this European morning and is currently trading around 1.6350, just testing a longer−term support zone. We expect this zone to hold in today's trading and see some recovery potential up to the 1.6450 mark.
Oil
Higher U.S. gasoline inventories push crude below 70 $/b level by KBC Bank
On Wednesday crude experienced a volatile session paring its gains after closely followed weekly U.S. EIA data showed a sharp rise in stocks of petroleum products even if crude inventories fell for the fourth consecutive week.
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 | |
| Jul 2 | 12:30 | Average Hourly Earnings (YoY) | 2.9% | 3.1% |
| Jul 2 | 12:30 | Unemployment Rate | 9.6% | 9.4% |
| Jul 2 | 12:30 | Average Hourly Earnings (MoM) | 0.2% | 0.1% |
| Jul 2 | 12:30 | Average Weekly Hours | 33.1 | 33.1 |
| Jul 2 | 12:30 | Nonfarm Payrolls | -375K | -345K |
US: Preview of June Unemployment by Easy Forex
[ Full Story ]- CURRENCIES: Dollar Rises Against Euro Ahead Of U.S. Jobs Data (Dow Jones)
- Asian Shares End Mostly Lower Ahead Of US Jobs Data (Dow Jones)
Daily World Market Update - Foreign Exchange Markets Stagnant Before Non−Farms, ECB by World First UK Ltd
Daily Trading Forecast - Do Not Expect Too Much of Today's ECB Rate Decision by Swiss e Trade AG
Top Market Movers Review
EMU ECB INTEREST RATE DECISION
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Jul 2 | 11:45 | ECB Interest Rate Decision | 1% | 1% | 1% |
ECB Leaves Refi Rate Unchanged At 1.0% (Dow Jones)
The European Central Bank kept its key policy interest rate steady at 1.0% Thursday, a move that was widely expected. ECB President Jean−Claude Trichet will brief the media on the decision at a press conference scheduled for 1230 GMT.
[ Full Story ]- Read the Monetary policy decision at the ECB
- ECB Interest Rate Decision remains at 1% (FXstreet.com)
Daily World Market Update - Foreign Exchange Markets Stagnant Before Non−Farms, ECB by World First UK Ltd
Sunrise Market Commentary - Fears about credit squeeze and details covered bond plan to dominate ECB press conference by KBC Bank
KBC Flash - ECB awaiting impact monetary easing decisions by KBC Bank
Economic Events
| Date (GMT) | Country | Event | Actual | Cons. | Previous | |
| Jul 2 | 08:30 | UK | Bank of England Credit Conditions Report | |||
| 08:30 | UK | PMI Construction (Jun) | 44.5 | 46.0 | 45.9 | |
| 09:00 | EMU | Producer Price Index (MoM) (May) | -0.2% | 0.1% | -0.9% |
|
| 09:00 | EMU | Producer Price Index (YoY) (May) | -5.8% | -5.6% | -4.6% | |
| 09:00 | EMU | Unemployment Rate (May) | 9.5% | 9.4% | 9.3% |
|
| 11:45 | EMU | ECB Interest Rate Decision | 1% | 1% | 1% | |
| 12:30 | US | Average Hourly Earnings (MoM) (Jun) | 0.2% | 0.1% | ||
| 12:30 | US | Average Hourly Earnings (YoY) (Jun) | 2.9% | 3.1% | ||
| 12:30 | US | Average Weekly Hours (Jun) | 33.1 | 33.1 | ||
| 12:30 | US | Continuing Jobless Claims (Jun 20) | 6740K | 6738K | ||
Educational Resources
Non−Farm Payrolls Data is the most influential Data Point Figure released for ALL Financial Markets… due to the actual Numbers, Volatility, and Expectation. The Data is released by The Bureau of Labor Statistics every first Friday of the Month at approximately 12:30 GMT. Reactions to the Initial Release of NFP can cause deep Volatility as Sentiment and Expectation is measured in Real−Time
Related Resources
Register here for Trade Non-Farm Payrolls LIVE - 38th Edition Live session on Thu, Jul 2 2009 at 11:30 GMT
Live Coverage of this month's NFP with Nick Nasad from the Homepage of FXstreet.com: Thursday 2nd July at at 11:15 GMT - 07:15 EDT
Other Tim Salem's Reports on Fundamental Forex Foundations Report