Wednesday, Apr 04, 16:52 GMT
ASIA-PACIFIC Trading Newsletter
To Get Started
- The Advisor Weblog: Another day goes by
- Special Event: Trade Non-Farm Payrolls LIVE - 11th Edition with Wayne McDonell
- Special Coverage: BoE Meeting Preview by FXstreet.com
- 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
The FX Mirror
Expert: Patrick Dyess
Start: Wed, Apr 4, 18:00 GMT
Sponsored by: 
Type of Session: Webinar
Live Coverage of ECB Announcement - Live Free-Access Day
Expert: Ed Ponsi
Start: Thu, Apr 12, 11:30 GMT
Sponsored by: 
Type of Session: Webinar
Current Session: U.S.
GBP/USD
Mid-Day Forex Technical Report - Markets Remain Cautious after ISM Non-Manufacturing by ActionForex.com
Cable's retreat from 1.9824 continues and as discussed before, with bearish divergence condition in 4 hours MACD and RSI , risk of a short term top has increased. However, a break below 1.9662 support is needed to indicate a short term top is formed first.
- GBP/USD watch (II) 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
FX Thoughts for the Day - FX Thoughts for the day - Evening - 04-Apr-2007....1140 GMT by Kshitij Consultancy Service
Daily FX Mirror - Daily FX Mirror by AvatarFX
Currencies at a Glance
- EUR/USD
- Trades around first resistant at 1.3367
04/04/2007 16:43 GMT - GBP/USD
- Trades around today's pivot at 1.9763
04/04/2007 16:43 GMT - USD/CHF
- Trades around today's pivot at 1.2198
04/04/2007 16:43 GMT - USD/JPY
- Trades above 118.75 after bounced at today's pivot 118.54
04/04/2007 16:43 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
UK BANK OF ENGLAND RATE DECISION
| Date (GMT) | Event | Cons. | Previous | |
| Apr 5 | 11:00 | Bank of England Rate Decision | 5.25% | 5.25% |
BoE Meeting Preview by FXstreet.com
The Bank of England is in everyone's mouth as its decision is seen key for the short term future of the GBP. The majority of the analysts surveyed consider that the Bank will rise interest rates by 25bp its actual 5.25% to 5.50%, overtaking the benchmark rate in the US for the first time in two years.
- Official Bank Rate history at BoE
- OUTLOOK BoE set to keep rates on hold but hike would not come as a surprise (AFX News)
- UK interest rate rises have little effect on buy-to-let market - Paragon (AFX News)
Currency Journal: Cable up over Shadow MPC rate hike by Performance Capital
Forex Trading Strategies - GBP Rallying On Rate Speculation by Saxo Bank
Top Market Movers Review
US FACTORY ORDERS
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Apr 4 | 14:00 | Factory Orders | 1.0% | 2.2% | -5.7% |
DATA SNAP: US Feb Factory Orders Up Less Than Expected (Dow Jones)
Factory orders rebounded somewhat in February after a sharp drop the month before, but the narrow gain was smaller than expected and carried by strong aircraft demand. Factory-goods orders increased by 1.0%, after falling 5.7% during January, the Commerce Department said Wednesday. January orders were originally seen dropping 5.6%.
[ Full Story ]- Read the Manufacturers' Shipments, Inventories, & Orders (M3) at US Department of Commerce
- US Factory Orders-STATS-Historical, Shpmt, Unfilled, Invty (Dow Jones)
- US Factory Orders-STATS-Historical, New Orders (Dow Jones)
- US February factory orders up 1.0 pct vs 1.9 pct rise expected (AFX News)
US ISM NON-MANUFACTURING
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Apr 4 | 14:00 | ISM Non-Manufacturing | 52.4 | 55.0 | 54.3 |
Service industry expands at slower rate (AFX News)
The U.S. service sector expanded at a slower rate in March than in the previous month, a trade group said Thursday, reflecting the sluggish growth of the U.S. economy. The Tempe, Arizona-based Institute for Supply Management, an organization of corporate purchasing executives, said that its index of business activity in the non-manufacturing sector registered 52.4 in March, down from 54.3 in February.
[ Full Story ]- Read the March 2007 Non-Manufacturing ISM Report On Business at ISM
- DATA SNAP/ISM Non-Manufacturing: Service Growth Cools Further In March (Dow Jones)
- U.S. ISM Non-Manufacturing index eases in March (FXstreet.com)
Daily Fx Strategy - 4-year low ISM Overshadows Hostages Release News by CMC Markets NY
Mid-Day Forex Technical Report - Markets Remain Cautious after ISM Non-Manufacturing by ActionForex.com
Daily Forex Technical Report - Dollar Recovers ahead of ISM Non-Manufacturing and ADP Employment by ActionForex.com
Economic Events
| Date (GMT) | Country | Event | Actual | Cons. | Previous | |
| Apr 4 | 08:30 | UK | PMI - Services Index (Mar) | 57.6 | 57.6 | 57.4 |
| 09:00 | EMU | Retail Sales (MoM) (Feb) | 0.3% | 0.6% | -0.8% |
|
| 09:00 | EMU | Retail Sales (YoY) (Feb) | 1.2% | 1.1% | 1.1% |
|
| 10:00 | DE | Factory Orders n.s.a. (YoY) (Feb) | 9.3% | 6.0% | 8.2% |
|
| 10:00 | DE | Factory Orders s.a. (MoM) (Feb) | 3.9% | 0.6% | -0.3% |
|
| 12:15 | US | ADP Employment Change (Mar) | 106K | 128K | 57K | |
| 14:00 | US | Factory Orders (Feb) | 1.0% | 2.2% | -5.7% |
|
| 14:00 | US | ISM Non-Manufacturing (Mar) | 52.4 | 55.0 | 54.3 | |
| Apr 5 | 08:30 | UK | Industrial Production (MoM) (Feb) | 0.2% | 0.1% | |
| 08:30 | UK | Industrial Production (YoY) (Feb) | 0.7% | 0.4% | ||