Monday, Apr 02, 16:58 GMT
ASIA-PACIFIC Trading Newsletter
To Get Started
- The Advisor Weblog: GBP ahead of the rest
- Special Event: Trade Non-Farm Payrolls LIVE - 11th Edition with Wayne McDonell
- Special Coverage: Iran Crisis by FXstreet.com
- Forex Forum: Kathy Lien's Webinar Raffle
- FXstreet.com Managed Accounts Program (MAP) launches its website
- Check out the rest of our newsletters and subscribe now!
Send us your feed back. Post your comments about the new newsletters' format in the Forum.
NEXT SPECIAL WEBINARS
How to become a professional trader - System Trading vs. Discretionary Trading: Which Is Better?
Expert: Markus Heitkoetter
Start: Tue, Apr 3, 16:00 GMT
Sponsored by: 
Type of Session: Webinar
Fundamental and Technical Trading Opportunities that we are Watching
Expert: Kathy Lien
Start: Wed, Apr 4, 14:00 GMT
Sponsored by: 
Type of Session: Webinar
Figures Made Simple
Expert: Valeria Bednarik
Start: Thu, Apr 5, 14:00 GMT
Sponsored by: 
Type of Session: Webinar
Topics
- Continuation or Change
- Reliability
- How to use them in daily trading
Current Session: U.S.
GBP/USD
Forex Trading Strategies - GBP Rallying On Rate Speculation by Saxo Bank
GBPUSD longer term outlook remains positive but the daily picture lacks any real sign of direction. The pair remains stuck in a range between 1.9185 and 1.9750. We look for a weekly close above/below the above mentioned levels to confirm a trend a daily basis.
- Follow-through action post-ISM 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
- Read the comments to the latest market moves at our Forex Forum
Other Topics for this Session:
Daily Forex Forecast - Daily Forex Forecast by FXDream
Daily Trend Trade - Daily Trend Trade by FX Trend Trader
FX Thoughts for the Day - FX Thoughts for the day - Evening - 02-Apr-2007....1135 GMT by Kshitij Consultancy Service
Currencies at a Glance
- EUR/USD
- Trades around 1.3375 with narrow daily range , above today's pivot at 1.3347
04/02/2007 16:37 GMT - GBP/USD
- Trades around 1.9795 , below second resistant at 1.9817
04/02/2007 16:38 GMT - USD/CHF
- Trades around opening price level at 1.2129 , below today's pivot at 1.2157
04/02/2007 16:38 GMT - USD/JPY
- Moving around today's pivot at 117.79 on a narrow daily range
04/02/2007 16:38 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, Saxo 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
| Date (GMT) | Event | Cons. | Previous | |
| Apr 3 | 01:30 | Trade Balance | -1254M | -876M |
Weekly Commentary - That was the year that was by Westpac Institutional Bank
The deficit fell to $876mn in Jan from $1379mn. Exports rose 1.9%, led by non-rural goods, reinstating an uptrend. Imports fell 0.8%, but trended higher, with the fall driven by an aircraft drag on capital goods.
[ Full Story ]EMU PRODUCER PRICE INDEX
| Date (GMT) | Event | Cons. | Previous | |
| Apr 3 | 09:00 | Producer Price Index (YoY) | 2.7% | 2.9% |
| Apr 3 | 09:00 | Producer Price Index (MoM) | 0.3% | 0.1% |
Daily Trade Analysis - Over-Bought EURUSD looking to target 1.3400 level by AMZ Capital
[ Full Story ]- Tony Juste, FX Advisor at FXstreet.com: "As a means to divise whether the ECB prospects for this 2007 when it comes to inflation are correct or not, the PPI data will be key to spot if the further tightening move expected before the end of the 1st half of 2007 will be an appropiate one or not. It is a take or break situation by the ECB, playing with fire if inflation doesn't pose the real threat they re telling us." - FXstreet.com
Top Market Movers Review
US ISM MANUFACTURING
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Apr 2 | 14:00 | ISM Manufacturing | 50.9 | 51.0 | 52.3 |
DATA SNAP: March ISM Manufacturing Index Shows Weaker Factory Growth (Dow Jones)
U.S. manufacturing activity grew more slowly than expected in March, amid accelerating price pressures. A report Monday from the Institute for Supply Management said that the group's manufacturing index for March moved to 50.9, from 52.3 in February and 49.3 in January. Readings over 50 indicate growth and the higher the number, the broader the growth.
[ Full Story ]- Read the March Manufacturing ISM Report: PMI at 50.9% at ISM
- U.S. manufacturing expands in March (AFX News)
- US March ISM manufacturing index 50.9 vs 52.3 in Feb UPDATE (AFX News)
- CURRENCIES: Dollar Fractionally Lower Ahead Of ISM Data; Pound Rallies (Dow Jones)
KBC News Picks - US: Surprise rise in Chicago PMI increases uncertainty on today’s ISM by KBC Bank
Daily Market Briefing - Watch ISM as a Leading Indicator for Payrolls Next Week by FXCM
Economic Events
| Date (GMT) | Country | Event | Actual | Cons. | Previous | |
| Apr 2 | 07:55 | DE | Manufacturing Purchasing Manager Index (Mar) | 56.9 | 57.5 | 57.2 |
| 08:00 | EMU | PMI Manufacturing Index (Mar) | 55.4 | 55.6 | 55.6 | |
| 08:30 | UK | PMI Manufacturing Index (Mar) | 54.4 | 55.5 | 55.4 | |
| 14:00 | US | ISM Manufacturing (Mar) | 50.9 | 51.0 | 52.3 | |
| Apr 3 | 01:30 | AU | Trade Balance (Mar) | -1254M | -876M | |
| 05:45 | CH | Consumer Price Index (MoM) (Mar) | 0.2% | 0.2% | ||
| 05:45 | CH | Consumer Price Index (YoY) (Mar) | 0.3% | 0% | ||
| 09:00 | EMU | Producer Price Index (MoM) (Feb) | 0.3% | 0.1% | ||
| 09:00 | EMU | Producer Price Index (YoY) (Feb) | 2.7% | 2.9% | ||
| 23:01 | UK | Nationwide Consumer Confidence (Mar) | 85 | |||