Friday, Oct 02, 11:12 GMT
U.S. Trading Newsletter
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Forex Blogs
Trading for a living: Trading the Asian channel at the European opening, again… by David Aranzabal
After taking good rallies on Monday and Tuesday, today GBP/USD give us a good opportunity to profit from the markets on a very regular pattern: The Asian channel at the European window. Just a tight range but very profitable as we got a clear indication that repeats over and over.
FX Market Readings: Nearing NFP data release time by Dr. S. Sivaraman
Tech Trading: Outlook before NFP data by César B. Leiceaga
Sponsored by 
Live Sessions Schedule
SPECIAL EVENT: Trade Non−Farm Payrolls LIVE − 41st Edition
Expert: Wayne McDonell
Start: Fri, Oct 2, 11:30 GMT
Sponsored by: 
Type of Session: Webinar
Trading Around Your Day Job
Expert: Ryan O'Keefe
Start: Fri, Oct 2, 19:00 GMT
Type of Session: Webinar
| Sponsored by | ||||
| Fri, Oct 2, 11:30 GMT | SPECIAL EVENT: Trade Non−Farm Payrolls LIVE − 41st Edition | Wayne McDonell | WBN | |
| Fri, Oct 2, 19:00 GMT | Trading Around Your Day Job | Ryan O'Keefe | WBN |  |
| Mon, Oct 5, 05:00 GMT | Asian Session: Live Market Analysis | Dr.S.Sivaraman | WBN | |
| Mon, Oct 5, 09:00 GMT | Using Fibonacci ratios to manage your trades efficiently | Sunil Mangwani | WBN |  |
Current Session: Europe − U.S.
Quarterly Analysis: Sudden slide to the all−time low at 79.75 should not be ruled out
Mizuho Corporate Bank − We expect JPY to drop below September's low at 88.23 causing serious and repeated downside testing (and potential verbal intervention and maybe more) of key support lying between this year's low at 87.10 and 85.00. We still favour generalised US dollar weakness, the Yen one of the best performers. A sudden slide to the all−time low at 79.75 of April 1995 should not be ruled out.
EUR/USD
Forex − Non Farm Payrolls And G7 May Buoy The Dollar by ACM − Advanced Currency Markets
Another neckline in what is shaping up to be a huge compounded head and shoulders that if broken targets 1.4220. (see 2 hour chart over 3 months). The stops building below 1.4500 must be getting pretty large...
AUD/USD
Expecting some pullback higher form here by Turtle Futures
We have some divergence here though and are close to the trend line so I am expecting some pullback higher form here. I would look to 0.8731 – 80 area as the target zone
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 NONFARM PAYROLLS
| Date (GMT) | Event | Cons. | Previous | |
| Oct 2 | 12:30 | Nonfarm Payrolls | -188K | -216K |
| Oct 2 | 12:30 | Unemployment Rate | 9.8% | 9.7% |
US: Preview of US September unemployment by Easy Forex
On October 2nd US September unemployment and nonfarm payrolls (nfp) will be released. The September unemployment report will be looked to for confirmation that the US recession is ending and the pace of job losses continues to slow.
[ Full Story ]- Forex: EUR/USD: Euro stalls below 1.4560 ahead of NFP report (FXstreet.com)
- European markets open with declines on pre−Payrolls caution; Dollar, stronger (FXstreet.com)
European Market Update - US employment report will answer one of many key questions this Friday by TradeTheNews.com
US: Preview Non−Farm Payrolls by RANsquawk
Top Market Movers Review
EMU PRODUCER PRICE INDEX
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Oct 2 | 09:00 | Producer Price Index (MoM) | 0.4% | 0.4% | 0.3% |
- DATA SNAP: Euro−Zone Producer Prices Rise In August On Mo (Dow Jones)
- Euro Zone PPI up 0.4% MoM in Aug, −7.5% YoY (FXstreet.com)
Top Fundamental Stories - PPI in the Euro Zone Will Show Improvement On Signs of Recovery by ecPulse.com
US ISM MANUFACTURING
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Oct 1 | 14:00 | ISM Manufacturing | 52.6 | 53.9 | 52.9 |
UPDATE: US ISM Mfg Activity Expands In Sept For 2nd Month (Dow Jones)
Activity in the U.S manufacturing sector expanded in September for the second consecutive month, another hopeful signal the U.S. economy is getting back on its feet.
[ Full Story ]- Read full survey at ISM
- DATA SNAP: US ISM Mfg Activity Expands For 2nd Month In Sept (Dow Jones)
- US Sep ISM Manufacturing down to 52.6 from 52.9 (FXstreet.com)
KBC News Picks - US: ISM stabilizes, while claims rise and pending home sales surge by KBC Bank
US: ISM down − but not out by Danske Bank A/S
U.S: ISM Recovery Yes But No Acceleration—Jobs Lag by Wells Fargo Investments, LLC
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)
US: September ADP Employment Report by BBVA Bancomer
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
Economic Events
| Date (GMT) | Country | Event | Actual | Cons. | Previous | |
| Oct 2 | 06:00 | UK | Nationwide Housing Prices n.s.a (YoY) (Sep) | 0.0% | -0.3% | -2.7% |
| 06:00 | UK | Nationwide Housing Prices s.a (MoM) (Sep) | 0.9% | 0.7% | 1.4% |
|
| 08:30 | UK | Housing Equity Withdrawal (QoQ) (2Q) | £-7.0B | -£7.3B |
||
| 08:30 | UK | PMI Construction (Sep) | 46.7 | 48.1 | 47.7 | |
| 09:00 | EMU | Producer Price Index (MoM) (Aug) | 0.4% | 0.4% | 0.3% | |
| 09:00 | EMU | Producer Price Index (YoY) (Aug) | -7.5% | -7.6% | -8.5% | |
| 12:30 | US | Average Hourly Earnings (MoM) (Sep) | 0.2% | 0.3% | ||
| 12:30 | US | Average Hourly Earnings (YoY) (Sep) | 2.6% | 2.6% | ||
| 12:30 | US | Nonfarm Payrolls | -188K | -216K | ||
| 12:30 | US | Unemployment Rate (Sep) | 9.8% | 9.7% | ||
Educational Resources
Trading Success Can Only Come from Loving to Lose Small and Win Big
How many people do you think would attend a trading seminar that advertised teaching to lose small? My guess is that unless there were a lot of incentives, not many people would show up to these events. The reason − no one likes to hear about losing. Read whole Gabe Velázquez's article!
Other Articles of the Lessons From The Pros
Savvy Investors Use Self−Directed Retirement Plans to Buy Real Estate - Article by Diana Hill
Bad Ticks or Real Ones? - Article by Josip Causic