Thursday, Feb 01, 18:04 GMT
ASIA-PACIFIC Trading Newsletter
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NEXT SPECIAL WEBINAR
SPECIAL EVENT: Trade Non-Farm Payrolls LIVE - 9th Edition
Expert: Wayne McDonell
Start: Fri, Feb 2, 13:00 GMT
Sponsored by: 
Type of Session: Webinar
Current Session: U.S.
EUR/USD
Forex Trading Strategies - US Data Again in Focus by Saxo Bank
EURUSD grinded higher on disappointing figures from the December construction spending and the January Chicago PMI. Longer term bullish trend remains intact, but daily/weekly picture suggests that further downside correction looks very likely.
- Check out how the currency moved on Live Currency Rates & Charts at FXstreet.com
- Insight on the fundamentals in the Fundamentals section at FXstreet.com
- What's next on the agenda? Take a look at our Economic Events Calendar
- What's going on in the markets? Read our latest Forex news
Other Topics for this Session:
Daily Technical Briefing - Dollar Set to Weaken Near Term by FXCM
Daily Forex Forecast - Daily Forex Forecast by FXDream
FX Thoughts for the Day - FX Thoughts for the day - Evening - 01-Feb-2007....1301 GMT by Kshitij Consultancy Service
Currencies at a Glance
- EUR/USD
- Trades around 1.3025
2/1/2007 2:26:31 PM - GBP/USD
- Continues to move up toward 1.9700
2/1/2007 2:28:10 PM - USD/CHF
- Moves down below 1.2425
2/1/2007 2:29:57 PM - USD/JPY
- Continues to move down below 120.25
2/1/2007 2:31:34 PM
Analyst Sentiment Index (ASI)
Analysts Sentiment Index - EUR/USD
**Source : CMS Forex, Danske Bank A/S, FXstreet.com, Global Forex Trading Ltd. , KBC Bank, Mizuho Corporate Bank
[ View ASI page ] [ View EUR/USD page ]
Charting the Market Movers
EUR USD, Hourly
GBP USD, Hourly
Top Market Movers Preview
Australia Trade Balance
| Period | Previous | Consensus | Time |
| December | -A$0.843B | -A$1.000B | Feb 1, 00:30 GMT |
Economic Release Alert - Australian Trade Balance (DEC) by FXCM
Australia's physical trade deficit is expected to grow to A$1 billion in December as the drought weighs cuts into exports and a well-funded consumer stokes import spending. In the closing month of the year, shipments of Australian goods across the boarders may have been constrained across a number of key product groups.
[ Full Story ]Top Market Movers Review
U.S. ISM Manufacturing
| Period | Previous | Consensus | Actual |
| January | 51.4 | 51.4 | 49.3 |
U.S. ISM Manufacturing Index falls on inflationary pressures by FXstreet.com
ISM Manufacturing Index has receded in January to 49.3 from a level of 51.4 in December, below the experts forecast of a flat performance, due to price pressures and liquidation of inventories.
[ Full Story ]- U.S. manufacturing contracted in January (AFX News)
- DATA SNAP/ISM Mfg: 2007 Starts Off Slowly For Factories (Dow Jones)
- Tony Juste, FX Advisot at FXstreet.com:
"Data confirms that the manufacturing sector is in recession, whatever the ways to justify this scenario are. Although it has not the weigh it used to have in the past, this sector of the economy is sometimes a leading indicator to what may happen in the near future to the other sectors. A sustained reading below 50 will definitely push things further and the Fed will have to cope with a troubling situation where economic growth and inflation will have to take separate ways in order to keep the economy stable." - FXstreet.com
U.S. PCE
| Period | Previous | Consensus | Actual |
| December (MoM) | 0% | 0.2% | 0.1% |
| December (YoY) | 2.2% | 2.2% | 2.2% |
U.S. Core PCE grows 2.2% on the year, Personal Consumption also up by FXstreet.com
Personal Consumption Expenditures index excluding food and energy has risen 2.2% in December, compared to a year ago, above the Fed desired range. The monthly growth of the core PCE has been milder with a 0.1% from November, while the overall PCE has increased 0.4%.
[ Full Story ]- Personal Income and Outlays - U.S. Department of Commerce
- US December consumer spending up 0.7 pct, largest increase since July (AFX News)
- US Spending Outpaces Income Again In Dec (Dow Jones)