Monday, Mar 05, 17:38 GMT
ASIA-PACIFIC Trading Newsletter
To Get Started
- The Advisor Weblog: The USD wants more, Yen is satisfied
- Special Coverage: World equity markets sell-off by FXstreet.com
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- FOREX FORUM: The Outsider Method
- Special Webinar: Trade Non-Farm Payrolls LIVE with Wayne McDonell
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NEXT SPECIAL WEBINARS
How to become a professional trader - 10 Power Principles of successful trading systems
Expert: Markus Heitkoetter
Start: Tue, Mar 6, 17:00 GMT
Sponsored by: 
Type of Session: Webinar
Outlook for Non-Farm Payrolls
Expert: Richard Lee
Start: Wed, Mar 7, 15:00 GMT
Sponsored by: 
Type of Session: Webinar
Topics
- US Economic Growth
- Possible Market Impact
Current Session: U.S.
GBP/USD
FX Thoughts for the Day - FX Thoughts for the day - Evening - 05-Mar-2007....1314 GMT by Kshitij Consultancy Service
There has been a very sharp fall in the GBP-USD today due to its continued decline against EUR and JPY. In fact, GBP-JPY has fallen by approximately 500 pips today. With today's fall the GBP-USD has broken a very important trendline on the weekly at 1.9415 which is formed by joining the lows of 1.7254 (Apr-06) and 1.8522 (Oct-06).
- Read the latest comments on the Pound by Tony Juste
- Check out how the currency moved on Live Currency Rates & Charts at FXstreet.com
- Follow up the most relevant Economic Data in the new Real Time Economic Calendar
- Be up to date with the Latest Forex News
Other Topics for this Session:
Weekly Technical Analysis Research - Weekly Technical Analysis Research by FX Instructor
Daily Technical Briefing - “Dollar Bull Returns†by FXCM
Global FX Daily - U.S. Edition - US non-manufacturing ISM features today by Mellon Foreign Exchange
Currencies at a Glance
- EUR/USD
- Continues to trade below 1.3100
03/05/2007 17:09 GMT - GBP/USD
- Trades around 1.9230
03/05/2007 17:11 GMT - USD/CHF
- Trades around 1.2225
03/05/2007 17:14 GMT - USD/JPY
- Moves up around 116.00
03/05/2007 17:15 GMT
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
EMU GROSS DOMESTIC PRODUCT S.A.
| Date (GMT) | Event | Cons. | Previous | |
| Mar 6 | 10:00 | Gross Domestic Product s.a. (QoQ) | 0.9% | 0.9% |
| Mar 6 | 10:00 | Gross Domestic Product s.a. (YoY) | 3.3% | 3.3% |
Friday Notes - Rolling in money by HVB Group
The expenditure breakdown of EMU Q4-06 GDP should depict a healthy scenario, with strong fixed investment (we expect 1.4% q-o-q, from the previous 0.6%) and external sector, with exports estimated at 4.0% q-o-q. These positive news will more than compensate for the slight slowdown in household consumption (0.5% q-o-q our bet), and the negative contribution from inventories.
[ Full Story ]Top Market Movers Review
US ISM NON-MANUFACTURING
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Mar 5 | 15:00 | ISM Non-Manufacturing | 54.3 | 57.3 | 59.0 |
DATA SNAP/ISM Non-Manufacturing: Service Growth Cools In February (Dow Jones)
The U.S. service sector continued to grow in February, albeit more slowly than economists had expected. A report from the Institute for Supply Management said Monday that the private research group's non-manufacturing index, which is made up mostly of service-related companies, moved to a reading of 54.3, from 59.0 in January and 56.7 in December.
[ Full Story ]- The Advisor Blog: US ISM data and market implication
- Read the Business Activity at 54.3% at ISM Institute
- U.S. ISM Services falls lower than expected (FXstreet.com)
- Tony Juste, FX Advisor at FXstreet.com: "ISM lowers the potential for the economic growth as both of them have come out to a very neutral level, despite the encouragement that some are trying to transmit to the market. I do not feel any bullish on the US economy as a whole and would be very surprised to see any upticks in the ISM in the near future." - FXstreet.com
Global FX Daily - U.S. Edition - US non-manufacturing ISM features today by Mellon Foreign Exchange
The Week Ahead - ISM Services by BBVA Bancomer
Economic Events
| Date (GMT) | Country | Event | Actual | Cons. | Previous | |
| Mar 5 | 08:55 | DE | PMI - Services Index (Feb) | 57.2 | 58.0 | 58.3 |
| 09:00 | EMU | PMI - Services Index (Feb) | 57.5 | 58.0 | 57.9 | |
| 09:30 | GB | PMI - Services Index (Feb) | 57.4 | 58.8 | 59.2 | |
| 15:00 | US | ISM Non-Manufacturing (Feb) | 54.3 | 57.3 | 59.0 | |
| Mar 6 | 01:30 | JP | Bank Lending Banks Adjusted (YoY) | |||
| 06:45 | CH | Gross Domestic Product (YoY) (4Q) | 2.4% | 2.4% | ||
| 06:45 | CH | Gross Domestic Product s.a. (QoQ) (4Q) | 0.7% | 0.4% | ||
| 10:00 | EMU | Gross Domestic Product s.a. (QoQ) (4Q)  | 0.9% | 0.9% | ||
| 10:00 | EMU | Gross Domestic Product s.a. (YoY) (4Q) | 3.3% | 3.3% | ||
| 10:00 | EMU | Retail Sales (MoM) (Jan) | -0.4% | 0.3% | ||