Friday, Aug 07, 11:04 GMT
U.S. Trading Newsletter
Follow us on Twitter • Subscribe to our RSS feeds • Visit our Facebook page
To Get Started
- NFP Release Live Coverage: Friday, at 12:45 GMT with Nick Nasad
- WEBINAR VIDEOS: What is VWAP: How to Spot Institutions with with Mark Whistler[ View all recordings ">
- Forex Tools renewed! Check out the brand new features: Margin Calculator and Carry Trade Calculator
- All the events of the day in our Economic Calendar
Note that our messages might be blocked by anti-spam filters so please add newsletter@fxstreet.com or our domain (fxstreet.com) to your address book.
Forex Blogs
The Trader's Edge: Pre−NFP EUR/USD Analsysis by Ross Yamashita
Economists predict a −330k to − 350k contraction in the job market and the unemployment rate is expected to climb a little further. If that happens, that plays right along...
Trading for a Living: BOE. NFP. Pound continues to fall… by David Aranzábal
FX Bootcamp: NFP a few hours away by David Pegler
Sponsored by 
Live Sessions Schedule
SPECIAL EVENT: Trade Non−Farm Payrolls LIVE − 39th Edition
Expert: Wayne McDonell
Start: Fri, Aug 7, 11:30 GMT
Sponsored by: 
Type of Session: Webinar
Asian Session: Live Market Analysis
Expert: Dr.S.Sivaraman
Start: Mon, Aug 10, 05:00 GMT
Type of Session: Webinar
| Sponsored by | ||||
| Fri, Aug 7, 11:30 GMT | SPECIAL EVENT: Trade Non−Farm Payrolls LIVE − 39th Edition | Wayne McDonell | WBN | |
| Mon, Aug 10, 05:00 GMT | Asian Session: Live Market Analysis | Dr.S.Sivaraman | WBN |  |
| Mon, Aug 10, 09:00 GMT | Using Fibonacci ratios to manage your trades efficiently | Sunil Mangwani | WBN |  |
| Mon, Aug 10, 10:00 GMT | FX Instructor Live Trading Room  | Mark De La Paz | WBN |  |
Current Session: Europe − U.S.
GBP/USD: Broke through 1.6878, confirming a top at 1.7042
www.deltastock.com − The pair broke through 1.6878 support, thus confirming a top has been set at 1.7042, that was the final of the 1.6321−1.7042 rise. We think, that current reversal is of a lesser degree, so expect 1.6663 support to hold for now, provoking a rise towards 1.6891. Intraday bias is negative for 1.6663.
EUR/USD
This market started very quietly in European morning by Swiss e Trade AG
This market started very quietly in European morning trading, just on its lower levels against the dollar. Currently trading at 1.4350, we expect only a slight improvement to 1.4360 at the maximum.
USD/JPY
USD JPY range is well defined between 94.30/95.90 by ACM − Advanced Currency Markets
UsdJpy range is well defined between 94.30/95.90 and a recovery above 96.40 is needed to change this ranging outlook and for USD/JPY to squeeze higher still.
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 | |
| Aug 7 | 12:30 | Nonfarm Payrolls | -345K | -467K |
US: Preview of US July unemployment report by Easy Forex
The US labor market remains weak, but the pace of jobs destruction appears to be slowing. US July unemployment and nonfarm payrolls (nfp) will be released on Friday August 7th. The July unemployment report is expected to show that the pace of US job losses is slowing...
[ Full Story ]Daily Forex News - Forex − Main Focus on US NFP by ACM − Advanced Currency Markets
Trading Signals Ahead of Payrolls by Advanced Currency FX
Top Market Movers Review
UK PRODUCER PRICE INDEX − INPUT
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Aug 7 | 08:30 | Producer Price Index − Output (YoY) n.s.a | -1.3% | -1.7% | -1.2% |
| Aug 7 | 08:30 | Producer Price Index − Input (MoM) s.a | -1.4% | -0.8% | 1.5% |
| Aug 7 | 08:30 | Producer Price Index − Input (YoY) n.s.a | -12.2% | -10.9% | -11.0% |
| Aug 7 | 08:30 | Producer Price Index − Output (MoM) n.s.a | 0.3% | 0.0% | -0.2% |
Fundamental News Summary - United Kingdom Producer Prices Input and Output by ecPulse.com
The UK released its PPI input for the month of July coming in at −1.4%, which is lower than the revised prior reading of 0.5% from 1.5%, while it was expected to come in at −0.8 percent.
[ Full Story ]- Read the oficial data at National Statistics
- United Kingdom Producer Price Index − Input s.a drop 1.4% in Jul; 12.2% down on year (FXstreet.com)
- United Kingdom Producer Price Index − Output rises 0.3% in Jul; 1.3% down on year (FXstreet.com)
Economic Events
| Date (GMT) | Country | Event | Actual | Cons. | Previous | |
| Aug 7 | 08:30 | UK | Producer Price Index − Input (MoM) s.a (Jul) | -1.4% | -0.8% | 1.5% |
| 08:30 | UK | Producer Price Index − Input (YoY) n.s.a (Jul) | -12.2% | -10.9% | -11.0% | |
| 08:30 | UK | Producer Price Index − Output (MoM) n.s.a (Jul) | 0.3% | 0.0% | -0.2% | |
| 08:30 | UK | Producer Price Index − Output (YoY) n.s.a (Jul) | -1.3% | -1.7% | -1.2% | |
| 10:00 | DE | Industrial Production s.a. (MoM) (Jun) | -0.1% | 0.0% | 3.7% | |
| 10:00 | DE | Industrial Production s.a. w.d.a. (YoY) (Jun) | -18.1% | -17.5% | -17.9% | |
| 12:30 | US | Average Hourly Earnings (MoM) (Jul) | 0.1% | 0.0% | ||
| 12:30 | US | Average Hourly Earnings (YoY) (Jul) | 2.5% | 2.7% | ||
| 12:30 | US | Average Weekly Hours (Jul) | 33 | 33 | ||
| 12:30 | US | Nonfarm Payrolls (Jul) | -345K | -467K | ||
Video Forex Trading Program − Day 5
4Xlounge.com's 30−day Trading Program is an EXCLUSIVE course made of 30 short movies. It gives the student small trading assignments to do each day, practicing the strategies on demo accounts. From technical indicators to strategies and risk management, through major economic data and trendlines, all the basics of Forex are covered. Watch today's lesson: Day 5 − The Fundamentals − The Central Banks.