Friday, Sep 04, 10:50 GMT
U.S. Trading Newsletter
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International Traders Conference
LAST SEATS AVAILABLE!
Don't miss the third edition of FXstreet.com's International Traders Conference (ITC) on October 14-16, 2009 in Barcelona. Live Trading next to the experts.
This year's key speakers panel: Valeria Bednarik, Rob Booker, James Chen, Kim Cramer Larsson, Markus Heitkoetter, Ashraf Laidi and Andrei Pehar.
Limited to 60 seats! Register now!
To Get Started
- Don't miss the Non-farm Payrolls Live Coverage Special 40th edition. With Wayne McDonell. Amazing prizes awaiting for you!
- Forex Trading Workshop - London – 20th & 21st September 2009, conducted by Fibonacci expert Sunil Mangwani
- New Blogger in town! We are very glad to introduce you César B. Leiceaga and his Tech Trading blog
- WEBINAR VIDEOS: The End of the Dollar Asset Bubble by Joseph Trevisani
- 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 Technicals by Ross Yamashita
As somewhat expected, we see the dollar trading in ranges amongst the majors. Analysts are predicting the unemployment rate to rise back up to 9.5% and the number to come out between −240K to −220K. For the EUR/USD, we see sideways movement and hopefully this breakout will help unveil some clues on its direction.
Tech Trading: GBP/JPY At trendline resistance by César B. Leiceaga
FX Market Readings: Expected moves for week end when NFP data is in focus by Dr. S. Sivaraman
Sponsored by 
Live Sessions Schedule
SPECIAL EVENT: Trade Non−Farm Payrolls LIVE − 40th Edition
Expert: Wayne McDonell
Start: Fri, Sep 4, 11:30 GMT
Sponsored by: 
Type of Session: Webinar
| Sponsored by | ||||
| Fri, Sep 4, 11:30 GMT | SPECIAL EVENT: Trade Non−Farm Payrolls LIVE − 40th Edition | Wayne McDonell | WBN | |
| Mon, Sep 7, 05:00 GMT | Asian Session: Live Market Analysis | Dr.S.Sivaraman | WBN |  |
| Mon, Sep 7, 09:00 GMT | Using Fibonacci ratios to manage your trades efficiently | Sunil Mangwani | WBN |  |
| Mon, Sep 7, 12:00 GMT | US Pre−Market Open  | Ed Ponsi | WBN | |
Current Session: Europe − U.S.
EUR/USD resilient finding resistance at 1.4300 level, and support at 1.4216l
ACM − Advanced Currency Markets − The EurUsd remains resilient finding resistance at the 1.4300 level, and hard support at 1.4216. The upward trend seems to be softening with RSI at 60 and falling, suggesting that the long EurUsd position is a bit crowded. The Euro is trading very close with its 200 day moving average of 1.4271 at 1.4276, as well as showing a retracement to 76% of its previous high of 1.4866 on annualized basis.
GBP/USD
The pair consolidates before next leg upwards, to 1.6663 by www.deltastock.com
Yesterday's rise peaked at 1.6414 and currently the pair consolidates before next leg upwards, to 1.6663. Intraday bias is slightly positive, but there's a risk of a dip to 1.6230 before a reliable support is built.
USD/JPY
Good reason to look for a change in sentiment near the previous low at 91.73 by FXstreet.com Independent Analyst Team
Also note on the daily chart the RSI was near oversold and we are still under the moving average on the ADX (non – trending for this timeframe). The MACD is not as low as the previous low (at 91.73).
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 | |
| Sep 4 | 12:30 | Unemployment Rate | 9.5% | 9.4% |
| Sep 4 | 12:30 | Nonfarm Payrolls | -223K | -247K |
U.S: Preview Non−Farm Payrolls by RANsquawk
[ Full Story ]- European markets open with gains ahead of U.S. payrolls; Euro and Pound, rangebound (FXstreet.com)
- CURRENCIES: Dollar Edges Down Ahead Of U.S. Jobs Report (Dow Jones)
European Session: Waiting on NFP by ACM − Advanced Currency Markets
Sunrise Market Commentary - Payrolls decisive for near−term outlook bonds by KBC Bank
Top Market Movers Review
Switzerland CONSUMER PRICE INDEX
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Sep 4 | 07:15 | Consumer Price Index (MoM) | 0.1% | 0.3% | -0.7% |
| Sep 4 | 07:15 | Consumer Price Index (YoY) | -0.8% | -0.7% | -1.0% |
Top Fundamental Stories - Switzerland's Consumer Price Rate of Decline Eases by ecPulse.com
As the recession ravaged economies in the European continent, alongside deflation risks that were triggered among many nations, as a result of plummeting oil prices and crippled demand.
[ Full Story ]- Read the CPI data at Swiss Statistics
- Swiss Aug CPI rises 0.1% MoM, falls 0.8% YoY (FXstreet.com)
Top Fundamental Stories - Switzerland's Consumer Price Rate Of Decline Eases by ecPulse.com
Economic Events
| Date (GMT) | Country | Event | Actual | Cons. | Previous | |
| Sep 3 | 12:30 | EMU | ECB Trichet's Speech | |||
| 14:00 | US | ISM Non−Manufacturing (Aug) | 48.4 | 48.2 | 46.4 | |
| Sep 4 | 00:00 | G20 Meeting | ||||
| 07:15 | CH | Consumer Price Index (MoM) | 0.1% | 0.3% | -0.7% | |
| 07:15 | CH | Consumer Price Index (YoY) | -0.8% | -0.7% | -1.0% | |
| 11:00 | CA | Net Change in Employment | -20.0K | -7.4K | ||
| 11:00 | CA | Unemployment Rate | 8.8% | 8.6% | ||
| 12:30 | US | Average Hourly Earnings (MoM) (Aug) | 0.1% | 0.2% | ||
| 12:30 | US | Average Hourly Earnings (YoY) (Aug) | 2.2% | 2.5% | ||
| 12:30 | US | Average Weekly Hours (Aug) | 33.1 | 33.1 | ||
Educational Resources
Most traders don't really know where to begin their educational journey. Todd Krueger explores volume analysis techniques: supercharge your chart−reading skills by combining Wyckoff Volume Analysis with candlestick patterns.
Read the whole article of our new Education Contributor YourForexEdge Magazine!