Forex 2nd Of July 2008 - Forex Forum

Hello,
In our calendar, there are some interesting events before the NonFarm Payrol tomorrow.

7:15 GMT: ECB Trichet's Speech, The European Central Bank's president Jean Claude Trichet was born in 1942, Paris. He graduated from the University of Paris in the facility of economics. In 2003 he became the president of the European Central Bank. He gives a press conference as to how the ECB observes the current European economy and the value of EUR. His comments may determine a short-term positive or negative trend. If he shows a hawkish outlook, that is seen as positive (or bullish) for the EUR, while a dovish is seen as negative (or bearish).

9:00 GMT: The Producer Price Index released by the Eurostat is an index that measures the change in prices received by domestic producers of commodities in all stages of processing (crude materials, intermediate materials, and finished goods). A high reading is seen positive (or bullish) for the EUR, while a low reading is seen as negative (or bearish).

12:15 GMT: The Employment Change released by the Automatic Data Processing, Inc is a measure of the change in the number of employed people in the US Generally speaking, a rise in this indicator has positive implications for consumer spending which stimulates economic growth. Therefore, a high reading is seen as positive, or bullish for the USD, while a low reading is seen as negative, or bearish.

14:00 GMT: The Factory orders released by the US Census Bureau is a measure of the total orders of durable and nondurable goods such as shipments (sales), inventories and orders at the manufacturing level which can offer insight into inflation and growth in the manufacturing sector. A high reading is seen as positive (or bullish) for the USD, while a low reading is seen as negative (or bearish).

Today the news should shake EUR and USD.

EUR:
uptrend: EURCAD, EURUSD,
flat: EURAUD, EURCHF, EURGBP, EURJPY
I have a positive trend on EUR

USD:
uptrend: EURUSD, GBPUSD, USDCAD(-)
flat: AUDUSD(+)
downtrend: USDCHF, USDJPY
I have a global negative trend on USD

As every day we'll follow the trends

pls now that gbpusd has picked our stoploss can we go in again.thanks

No GBPUSD just breaks the support.