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[B]U.S.[/B][B] ADP an early indicator of non-farm payrolls and US ISM Non-Manufacturing Index are the major activities on our menu. Here is an outlook on today’s market moving events.[/B]

U.S. Automatic Data Processing Employment Report, a preliminary estimate for the outcome of the monthly non-farm payrolls is expected to add as many as 36,000 new jobs in July, as opposed to only 13,000 jobs in June. Faster private sector jobs creation could reduce the number of jobs forecasted to be lost in Friday’s non-farm payrolls report.

More in the US, ISM Non-Manufacturing Index, leading indicator of economic conditions in the services industries: agriculture, mining, construction, transportation, communications, ...

INTRA-DAY GBP/USD: 1.5925

Last Update At 04 Aug 2010 04:36 GMT

Cable has edged lower in tandem with euro after
initial rebound to 1.5965 in Asia, suggesting fur-
ther sideways trading below y'day's high at 1.5968 wud continue until European opening, reckon renewed buying may emerge abv 1.5889 (reaction low).

Buy on further weakness for rebound to 1.5955 or sell if price rises to 1.5960 for 1.5910.

Range Forecast
1.5905 / 1.5945


Resistance/Support
R: 1.5968/1.5990/1.6039
S: 1.5889/1.5862/1.5803

http://www.acetraderfx.com

Forex Trades 08/04 - European session
[b][img]http://www.mataf.net/images/_V3img/fleches/down_arrow_16.png[/img] [url="http://www.mataf.net/en/forex/eurusd"]EUR/USD - Euro / US Dollar[/url][/b]
[b]Entry[/b]: 1.3205
[b]Stop[/b]: 1.3225
[b]Resistances[/b]: 1.326 - 1.324 - 1.322
[b]Supports[/b]: 1.305 - 1.315 - 1.318

[b][img]http://www.mataf.net/images/_V3img/fleches/down_arrow_16.png[/img] [url="http://www.mataf.net/en/forex/gbpjpy"]GBP/JPY - British Pound / Yen[/url][/b]
[b]Entry[/b]: 136
[b]Stop[/b]: 136.25
[b]Resistances[/b]: 137.7 - 137 - 136.2
[b]Supports[/b]: 134.2 - 135.45 - 135.85

[b][img]http://www.mataf.net/images/_V3img/fleches/down_arrow_16.png[/img] ...

INTRADAY TRADING SIGNAL BY ACETRADER.COM: EUR/USD
EUR/USD: 1.3233

Late Update At 04 Aug 2010 02:42 GMT

Although euro has ratcheted higher after meeting renewed buying earlier at 1.3217 in Asian morning, as y'day's retreat fm 1.3262 to 1.3183 signals the recent upmove has made a temp. top, sideways consolidation is expected until European opening.


Buy on dips for 1.3240 or sell if euro rises to
1.3250 for pullback to 1.3250 but 1.3183 wud hold.


Range Forecast
1.3215 / 1.3245

Resistance/Support
R: 1.3262/1.3300/1.3324
S: 1.3183/1.3146/1.3107

http://www.acetraderfx.com