Trends for Today by Finexo.com 04/02/2010

Market Notes:

Yesterday’s U.S. ADP Non-Farm Employment Change survey has published better than expected at -22K vs. -31K expected. The ADP is a good indication of what tomorrow’s figure will look like, which in my opinion can be close to zero for the first time in the last 2 years.

New Zealand’s unemployment rate continues to climb with a 0.5% rise above the expected! This report, of course, knocks out the NZD, which is the weakest currency of the day.

Their neighbor the Aussie also suffers from a drop against the majors as a result of weak retail sales data.

Watch after the EU and UK Interest Rate Decisions and the statements that will follow the announcement.
________________________________________

Daily Trends & Charts

Watch the Fundamentals!(GMT time)

Yesterday

AU Trade Balance: -2.25B vs. -2.36B exp.
UK Services PMI: 54.5 vs. 56.6 exp.
US ADP Non-Farm Employment Change: -22K vs. -31K exp.
US ISM Non-Manufacturing PMI: 50.5 vs. 51.1 exp.
NZ Unemployment Rate: 7.3% vs. 6.8% exp.

TODAY

AU Building Approvals: 2.2% vs. -0.2% exp.
AU Retail Sales: -0.7% vs. 0.3% exp.
Swiss Trade Balance: 1.36B vs. 2.33B exp.
UK House Price Index: 0.6% vs. 0.9% exp.
EU German Factory Orders at 11:00.
UK Interest Rate Decision at 12:00.
EU Interest Rate Decision at 12:45.
Canadian Building Permits at 13:30.
US Unemployment Claims at 13:30.
Canadian PMI at 15:00.

Tomorrow

AU RBA Monetary Policy Statement at 00:30.
UK PPI Input at 09:30.
EU German Industrial Production 11:00.
Canadian Unemployment Rate 12:00.
US Non-Farm Employment Change at 13:30.

Written by Finexo.com

Risk & Use Disclosure – Important Notice

Risk Disclosure

Trading foreign currencies is a challenging and potentially profitable opportunity for educated and experienced investors. However, before deciding to participate in the Forex market, you should carefully consider your investment objectives, level of experience and risk appetite. Most importantly, do not invest money you cannot afford to lose. There is considerable exposure to risk in any off-exchange foreign exchange transaction, including, but not limited to, leverage, creditworthiness, limited regulatory protection and market volatility that may substantially affect the price, or liquidity of a currency or currency pair. Moreover, the leveraged nature of Forex trading means that any market movement will have an equally proportional effect on your deposited funds. This may work against you as well as for you. The possibility exists that you could sustain a total loss of initial margin funds and be required to deposit additional funds to maintain your position. If you fail to meet any margin requirement, your position may be liquidated and you will be responsible for any resulting losses. To manage exposure, you will have to employ risk-reducing strategies such as ‘stop-loss’ or ‘limit’ orders. Disclaimer :Any opinions, news, research, analysis, prices, or other information contained on this forum are provided as general information and commentary by the forum members, and do not constitute investment advice. ForexWebTrader is not liable for any loss or damage, including without limitation, any loss of profit, which may arise directly or indirectly from use of or reliance on such information. The content on this website is subject to change at any time without notice.

Decisions based on the information contained herein are the sole responsibility of the visitor and member of the forum, and in exchange for using the information contained in this website the visitor agrees to hold ForexWebTrader and posters of information and its affiliates harmless against any claims for direct, or indirect, damages for decisions made by the visitor and/or member based fully or partially on such information. Past performance is not a guarantee of future results. Only risk capital should be used to trade Forex or any other type of financial instruments. ForexWebTrader does not assume any responsibilities, make any guarantees whatsoever, or make any financial advisory for your trading decisions. All such investment vehicles carry risks and all trading decisions are ultimately made by you. You are solely and individually responsible for those decisions and the results of those decisions. Forex trading has large potential rewards, but also large potential risk. You must be aware of the risks and be willing to accept them in order to invest in the Forex markets. Do not trade with money you cannot afford to lose.