Wednesday, May 02, 16:59 GMT
ASIA-PACIFIC Trading Newsletter
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Live Sessions Schedule
What moves currencies?
Expert: Tony Juste
Start: Thu, May 3, 10:00 GMT
Sponsored by: 
Type of Session: Webinar
24 hour Outlook
Expert: John Putman
Start: Thu, May 3, 17:00 GMT
Sponsored by:
Type of Session: Webinar
| Sponsored By: | ||||
| Wed, May 2, 17:00 GMT | 24 hour Outlook  | John Putman | WBN | |
| Wed, May 2, 18:00 GMT | The FX Mirror | Patrick Dyess | WBN |  |
| Wed, May 2, 20:00 GMT | 24 hour Outlook | John Putman | WBN | |
| Wed, May 2, 21:00 GMT | FX Daily Wrap Up | Derek Frey | WBN |  |
Current Session: U.S.
GBP/USD
Mid-Day Forex Technical Report - Dollar Pares Some Gain on NFP Concern by ActionForex.com
Cable continues to edge lower after taking out mentioned short term rising channel support (now at 1.9933). With 4 hours MACD dragged below signal line and staying negative, short term outlook remains mildly bearish. Break of 1.9855 support will confirm rise from 1.9183 has already completed at 2.0132. In such case, deeper decline should be seen to 1.9723/26 support first.
- Trade Alert (intraday): GBP/USD (III) 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 Catches a Bid - Is This the Reversal? by FXCM
Daily Forex Forecast - Daily Forex Forecast by FXDream
US Trading Preview - Markets continued to reward the dollar by Forexnews.com
Currencies at a Glance
- EUR/USD
- Moves up around opening price level at 1.3604 , below today's pivot at 1.3621
05/02/2007 16:29 GMT - GBP/USD
- Trades around second support level at 1.9916 after bounced at last week low at 1.9863
05/02/2007 16:29 GMT - USD/CHF
- Continues to trade above today's pivot level at 1.2119
05/02/2007 16:29 GMT - USD/JPY
- Trades around first resistant level at 120.11
05/02/2007 16:29 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
UK PMI - SERVICES INDEX
| Date (GMT) | Event | Cons. | Previous | |
| May 3 | 08:30 | PMI - Services Index | 57.6 | 57.6 |
Friday Notes - German economy enjoys an updraft by HVB Group
After a weak start of the year and a small uptick in March, we expect April services PMI to move sideways at 57.6. However, should our forecast prove correct, the services PMI would remain above its long-term average, signaling a still strong level of activity for the sector. The price-charged sub-index is also likely to rise, asfirms are willing to widen margins.
[ Full Story ]Top Market Movers Review
US FACTORY ORDERS
| Date (GMT) | Event | Actual | Cons. | Previous | |
| May 2 | 14:00 | Factory Orders | 3.1% | 2.0% | 1.4% |
U.S. factory orders rise sharply (AFX News)
Orders to U.S. factories surged in March by the largest amount in a year, an encouraging sign that the recent slowdown in manufacturing may be ending. The Commerce Department said Wednesday that total factory orders rose by 3.1 percent in March, pushed higher by a big jump in demand for commercial aircraft and the biggest rise in the category that tracks business investment in new equipment in 2 1/2 years.
[ Full Story ]- Read the Manufacturers' Shipments, Inventories, & Orders (M3) at Commerce Department
- US March factory orders up 3.1 pct vs 2.0 pct rise expected, largest in a year (AFX News)
- Table Of Data On Factory Orders From Commerce (Dow Jones)
- DATA SNAP: Aircraft Supports Up US March Factory Orders (Dow Jones)
US ADP EMPLOYMENT CHANGE
| Date (GMT) | Event | Actual | Cons. | Previous | |
| May 2 | 12:15 | ADP Employment Change | 64K | 105K | 106K |
ADP-Macroeconomic Advisers See Apr Payrolls +64,000 (Dow Jones)
An employment indicator published Wednesday by payrolls giant Automatic Data Processing Inc. (ADP) and consultancy Macroeconomic Advisers reported an increase of 64,000 in private jobs in April. That compares with the expected 110,000 increase in total jobs that economists called for in a Dow Jones Newswires survey earlier this week.
[ Full Story ]- Read the National Employment Report at ADP
- The Advisor Blog: ADP Survey on Employment
- Dollar dented by weak ADP report on job creation (AFX News)
- US ADP report says private sector payrolls rose 64,000 in April (AFX News)
- ADP Macroeconomic Advisers forecasts a 64.000 rise in payrolls (FXstreet.com)
Economic Events
| Date (GMT) | Country | Event | Actual | Cons. | Previous | |
| May 2 | 08:30 | UK | M4 Money Supply (YoY) | 12.7% | 12.8% | |
| 08:30 | UK | Mortgage Approvals | 111K | 119K | ||
| 08:30 | UK | Net Consumer Lending | 10.8B | 11.0B | ||
| 08:30 | UK | PMI Construction | 59.8 | 59.0 | 58.9 | |
| 09:00 | EMU | Unemployment Rate (Mar) | 7.2% | 7.2% | 7.3% | |
| 12:15 | US | ADP Employment Change | 64K | 105K | 106K | |
| 14:00 | US | Factory Orders (Mar) | 3.1% | 2.0% | 1.4% |
|
| 14:30 | US | EIA Crude Oil Stocks (Apr 27) | 1.1M | 2.1M | ||
| May 3 | 05:45 | CH | Consumer Price Index (MoM) (Apr) | 0.9% | 0.1% | |
| 05:45 | CH | Consumer Price Index (YoY) (Apr) | 0.2% | 0.2% | ||