Thursday, Oct 01, 11:00 GMT
U.S. Trading Newsletter
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- All the events of the day in our Economic Calendar
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Forex Blogs
Tech Trading: USD/CAD At heavy support by César B. Leiceaga
The descendant wedge pattern was completed but the breakout seemed to be false, price action has severely retreated from key resistance at 1,1000. (see daily chart) and is now trying out a heavy support area comprehended between 1,0590 and 1,0670. In my opinion, the pair is a consolidation phase and still destined to range trade for a while. RSI on the 4 hour coming out of oversold conditions may signal a buying opportunity for swing traders.
Francesc's Weblog: Update1 - Forex.ch ceases Forex brokerage activities by Francesc Riverola
FX Market Readings: Expected market moves a day before NFP by Dr. S. Sivaraman
FX Path: EUR/GBP - Bearish Correction in Steep Uptrend by James Chen
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Live Sessions Schedule
Multiple Time Frame Analysis
Expert: Sam Seiden
Start: Thu, Oct 1, 12:00 GMT
Type of Session: Webinar
Live Look at Today's Markets
Expert: Derek Frey
Start: Thu, Oct 1, 17:00 GMT
Sponsored by: 
Type of Session: Webinar
| Sponsored by | ||||
| Thu, Oct 1, 11:00 GMT | FX Instructor Live Trading Room  | Mark De La Paz | WBN |  |
| Thu, Oct 1, 12:00 GMT | Multiple Time Frame Analysis | Sam Seiden | WBN |  |
| Thu, Oct 1, 13:00 GMT | Pip Movement Ranges for Better Trade Management | Raghee Horner | WBN | |
| Thu, Oct 1, 14:00 GMT | Volatility Trading Strategies to Perceive and Defeat Forex Volatility through Traditional Indicators | Mark Whistler | WBN | |
Current Session: Europe − U.S.
EUR was hit hard on rumours of Eurogroup discussion over Euro strength
FOREX.com − The EUR was hit hard early in the European session on a wire report that EU Monetary Affairs Commissioner Almunia said that the Eurogroup will discuss the appreciation of the EUR ahead of this weekend's G7 meeting. Following its initial sell off the EUR found buyers at the 1.4560 area.
GBP/USD
1.6127 should provide some worthwhile intraday resistance by ACM − Advanced Currency Markets
Core shorts being squeezed back into the resistance at 1.6127. Above there 1.6272 provides a massive hurdle that will likely be greeted by short sellers with open arms.
AUD/JPY
RSI may indicate a weakening trend and support a counter trend movement by Varengold Wertpapierhandelsbank AG
AUD/JPY has been trading in a bearish trend. Now, the currency pair approaches to its resistance at 79.90. Many times before, when the AUD reached the resistance, the prices rebounded.
Analyst Sentiment Index (ASI)
Analysts Sentiment Index - EUR/USD
**Source : FXstreet.com, Financial Trend Analysis
[ View ASI page ] [ View EUR/USD page ]
Charting the Market Movers
EUR USD, Hourly
GBP USD, Hourly
Top Market Movers Preview
US ISM MANUFACTURING
| Date (GMT) | Event | Cons. | Previous | |
| Oct 1 | 14:00 | ISM Manufacturing | 53.9 | 52.9 |
US: ISM preview, September by Danske Bank A/S
[ Full Story ]FX View - ISM contraction creates dollar chaos by Interactive Brokers LLC
Weekly Focus - US ISM and employment data is the main event next week by Danske Bank A/S
US PENDING HOME SALES
| Date (GMT) | Event | Cons. | Previous | |
| Oct 1 | 14:00 | Construction Spending (MoM) | -0.3% | -0.2% |
| Oct 1 | 14:00 | Pending Home Sales (MoM) | 0.9% | 3.2% |
US NONFARM PAYROLLS
| Date (GMT) | Event | Cons. | Previous | |
| Oct 2 | 12:30 | Nonfarm Payrolls | -188K | -216K |
Friday Notes - Monthly employment report: Still not out of the woods by UniCredit Group
As the recession ended and production keeps rising, the number of job losses has declined appreciably. The ongoing downward trend in initial jobless claims corroborates that, in particular, the pace of layoffs is slowing down.
[ Full Story ]Daily World Market Update - US Jobs Data Causes Risky Assets To Fall by World First UK Ltd
ADP Report Tempers Optimism For Non−Farm Payrolls by ACM − Advanced Currency Markets
Top Market Movers Review
EMU UNEMPLOYMENT RATE
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Oct 1 | 09:00 | Unemployment Rate | 9.6% | 9.6% | 9.5% |
- UPDATE: Euro−Zone Jobless Rate Rises To 10.5−Year High (Dow Jones)
- Euro Zone Unemployment Rate up to 9.6% in Aug from 9.5% (FXstreet.com)
- DATA SNAP: Euro−Zone Jobless Rate Rises To 10.5−Year High (Dow Jones)
Top Fundamental Stories - PMI Manufacturing in Euro Zone Improves While Unemployment Surges by ecPulse.com
US ADP EMPLOYMENT CHANGE
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Sep 30 | 12:15 | ADP Employment Change | -254K | -200K | -277K |
UPDATE: ADP Survey Sees September US Private−Sector Jobs −254K (Dow Jones)
[ Full Story ]- Read full survey at ADP
- ADP Survey Sees September US Private−Sector Jobs −254K (Dow Jones)
- Forex: ADP employment lost 254k jobs; GBP/USD falls to 1.6050 (FXstreet.com)
- US Sep ADP report sees employment down by 254K (FXstreet.com)
KBC News Picks - US: ADP employment report disappoints by KBC Bank
Top Fundamental Stories - ADP Signals Jobs Losses Continue to Mount, While Pace of Contraction Seemingly Continued to Ease in the United States! by ecPulse.com
Top Fundamental Stories - A recovery is detected within the North−American continent … by ecPulse.com
Economic Events
| Date (GMT) | Country | Event | Actual | Cons. | Previous | |
| Oct 1 | 06:30 | AU | RBA Commodity Index SDR (YoY) (Sep) | -32.3% | -30.4% |
|
| 07:30 | CH | SVME − Purchasing Managers' Index (Sep) | 54.3 | 51.0 | 50.2 | |
| 07:55 | DE | Purchasing Manager Index Manufacturing (Sep) | 49.6 | 49.6 | 49.2 | |
| 08:00 | EMU | Purchasing Manager Index Manufacturing (Sep) | 49.3 | 49.0 | 48.2 | |
| 08:30 | UK | Purchasing Manager Index Manufacturing (Sep) | 49.5 | 50.2 | 49.7 | |
| 09:00 | EMU | Unemployment Rate (Aug) | 9.6% | 9.6% | 9.5% | |
| 12:30 | US | Continuing Jobless Claims (Sep 19) | 6163K | 6138K | ||
| 12:30 | US | Core Personal Consumption Expenditure − Prices Index (MoM) (Aug) | 0.1% | 0.1% | ||
| 12:30 | US | Initial Jobless Claims (Sep 26) | 531K | 530K | ||
| 12:30 | US | Personal Consumption Expenditure Deflator (Aug) | -0.6% | -0.8% | ||