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ASIA-PACIFIC Trading Newsletter
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Asia-Pacific trading Webinar
Expert: Abdul Khan
Start: Wed, May 2, 08:30 GMT
Sponsored by: 
Type of Session: Webinar
SPECIAL EVENT: Trade Non-Farm Payrolls LIVE - 12th Edition
Expert: Wayne McDonell
Start: Fri, May 4, 12:00 GMT
Sponsored by: 
Type of Session: Webinar
| Sponsored By: | ||||
| Tue, May 1, 20:00 GMT | 24 hour Outlook  | John Putman | WBN |  |
| Tue, May 1, 22:00 GMT | FX Daily Wrap Up | Derek Frey | WBN |  |
| Wed, May 2, 08:30 GMT | Asia-Pacific trading Webinar | Abdul Khan | WBN | |
| Wed, May 2, 10:00 GMT | What moves currencies? | Tony Juste | WBN | |
Current Session: U.S.
EUR/USD
Market action post ISM - Market action post ISM by FXstreet.com
The USD is clearly a winner on this situation, breaking support lines on Cable as I write this post and sending Euro and CHF lower as well. If Cable breaks 2.0020-2.0010 support area it could fall to the 1.9980 support (something I am looking for). EUR/USD and USD/CHF are far from getting into extreme readings (now 2 1.2125 and 1.3610) so we could expect some more fireworks in the market. Holding onto the USD longs for today.
- USD ticks into extrme overbought territory 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
- The Cable experience at our Forex Forum
Other Topics for this Session:
Daily Technical Briefing - Dollar Treads Water In Light Trading - Channel Support Points to Correction by FXCM
Daily Forex Forecast - Daily Forex Forecast by FXDream
Daily Technical Analysis - EUR: April’s strongest ever monthly close hints at a move to new highs this month by Mizuho Corporate Bank
Currencies at a Glance
- EUR/USD
- Trades around first support level at 1.3597
05/01/2007 16:45 GMT - GBP/USD
- Trades around today's pivot level at 1.9971
05/01/2007 16:45 GMT - USD/CHF
- Trades around second resistant level at 1.2138
05/01/2007 16:46 GMT - USD/JPY
- Trades around first resistant level at 119.78
05/01/2007 16:46 GMT
Analyst Sentiment Index (ASI)
Analysts Sentiment Index - EUR/USD
**Source : CMS Forex, Danske Bank A/S, Finotec Group Inc., 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
US FACTORY ORDERS
| Date (GMT) | Event | Cons. | Previous | |
| May 2 | 14:00 | Factory Orders | 2% | 1% |
Friday Notes - German economy enjoys an updraft by HVB Group
Durable goods orders showed a 3.4% increase in March. So even if orders for non-durable goods are little changed, total factory orders will be up substantially.
[ Full Story ]Top Market Movers Review
US ISM MANUFACTURING
| Date (GMT) | Event | Actual | Cons. | Previous | |
| May 1 | 14:00 | ISM Manufacturing | 54.7 | 51.0 | 50.9 |
U.S. ISM Manufacturing Index beats expectations (FXstreet.com)
ISM manufacturing index came out stronger than expected in April, posting a jump to 54.7 from 50.9 in March, as the latest report by the Institute for Supply Management shows.
[ Full Story ]- Check the latest market reactions to the ISM Index at our FX Advisor's blog
- ISM Manufacturing Official Data
- US April ISM manufacturing index up 3.8 pct to 54.7 vs 51.1 expected (AFX News)
- April ISM manufacturing index rises to 54.7 from 50.9 in March (AFX News)
- DATA SNAP/ISM Manufacturing: Factories See Better Than Expected Growth (Dow Jones)
- Tony Juste, FX Advisor at FXstreet.com: "The ISM figures show that the recovery in the manufacturing sector in the US is for real and the reading, way above 50, dismisses the possibility of a rate cut in the near term. The CME futures for rate cut quickly showed that, and I believe the USD should get some real support off this news."
Forex Commentaries and Forecasts - The dollar temporary ups after positive ISM Index data by World-Signals®
UK CBI DISTRIBUTIVE TRADES SURVEY - REALIZED
| Date (GMT) | Event | Actual | Cons. | Previous | |
| May 1 | 10:00 | CBI Distributive Trades Survey - Realized | 44 | 30 | 32 |
UK CBI retail trade survey increases unexpectedly in April (FXstreet.com)
UK retailers have enjoyed a boost in sales volume during the month of April, according to the monthly survey on distributive trade by the Confederation of British Industry.
[ Full Story ]- Retail Sales Official Data by the Confederation of British Industry
- UK April reported retail sales balance +44 pct, highest since may 2004 - CBI (AFX News)
- DATA SNAP: UK CBI Apr Retail Sales Volume +44 Vs Mar +32 -2- (Dow Jones)
UK PMI MANUFACTURING INDEX
| Date (GMT) | Event | Actual | Cons. | Previous | |
| May 1 | 08:30 | PMI Manufacturing Index | 53.9 | 54.0 | 54.2 |
UK Manufacturing PMI eases in April (FXstreet.com)
UK Manufacturing Purchasing Managers Index, has decreased in April to a 53.9 level in April, from downwardly revised 54.2 in March, previously estimated as 54.4, according to the latest monthly report. This slight decline overshadows the shared view of an strong pick up in the manufacturing sector later this year, while gives ground to another interest rate hike to 5.50% after the Bank of England’s monetary policy meeting next week.
[ Full Story ]- UPDATE: UK April Mfg PMI 53.9 VS 54.4 In March (Dow Jones)
- UK April Mfg PMI 53.9 VS 54.4 In March - Sources (Dow Jones)
Economic Events
| Date (GMT) | Country | Event | Actual | Cons. | Previous | |
| May 1 | 08:30 | UK | PMI Manufacturing Index (Apr) | 53.9 | 54.0 | 54.2 |
| 10:00 | UK | CBI Distributive Trades Survey - Expected | 36% | 20% | 21% | |
| 10:00 | UK | CBI Distributive Trades Survey - Realized | 44 | 30 | 32 | |
| 14:00 | US | ISM Manufacturing (Apr) | 54.7 | 51.0 | 50.9 | |
| 23:30 | AU | RBA Rate Decision | 6.25% | 6.25% | ||
| May 2 | 07:30 | CH | SVME - Purchasing Managers' Index (Apr) | 63.5 | 62.0 | |
| 07:55 | DE | Purchasing Manager Index Services (Apr) | 57.3 | 56.9 | ||
| 07:55 | DE | Unemployment Change (Apr) | -40K | -65K | ||
| 07:55 | DE | Unemployment Rate (Apr) | 9.1% | 9.2% | ||
| 08:00 | EMU | PMI Manufacturing Index (Apr) | 55.7 | 55.4 | ||