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Bobbys Corner-Open Market-Sept.3.2010

bob-slade-forex-trading-8-150x200Good Morning:

A fairly quiet night ahead of this morning’s jobs report.   GBP lost ground as UK PMI printed lower than expected.  This data will show that Q3 UK growth will slow, and speculation mounts that Q4 will not fare well.
The USD stayed weak-as it has most of the week .  With US data showing weakness for the past few months, today’s jobs data will be widely watched, as it is anticipated that the data will again disappoint market participants.
Speculation that the FED will continue to keep interest rates at record lows will keep pressure on the greenback.

Asian equity markets were mixed.  European markets are higher and US futures are flat at this time.

Oil:$74.41                                            Gold:$1250.10

TIME FOR EST.    PRIOR
8:30A.M. CHANGE IN NONFARM PAYROLLS AUG. -100K -131K
8:30A.M. CHANGE IN PRIVATE PAYROLLS AUG. 41K 71K
8:30A.M. CHANGE IN MANUFACT.PAYROLLS AUG. 10K 36K
8:30A.M. UNEMPLOYMENT RATE AUG. 9.60% 9.50%
8:30A.M. AVG. HOURLY EARNING MoM ALL EMP. AUG. 0.10% 0.20%
8:30A.M. AVG.HOURLY EARNING YoY ALL EMP. AUG. 1.60% 1.80%
8:30A.M. AVG. WEEKLY HOURS ALL EMPOYEES        AUG.     34.2O       34.2O
10:00A.M. ISM NON -MANUF. COMPOSITE AUG. 53.2O        54.3O

HAVE A GREAT DAY -WEEKEND & GOOD LUCK