Thursday, May 03, 16:54 GMT
ASIA-PACIFIC Trading Newsletter
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- The Advisor Weblog: The clouds and the storm
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Live Sessions Schedule
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
Weekly Webinar: 1st on Forex - The Week Ahead
Expert: Jerry Furst
Start: Mon, May 7, 11:00 GMT
Sponsored by: 
Type of Session: Webinar
| Sponsored By: | ||||
| Thu, May 3, 21:00 GMT | FX Daily Wrap Up  | Derek Frey | WBN |  |
| Fri, May 4, 12:00 GMT | SPECIAL EVENT: Trade Non-Farm Payrolls LIVE - 12th Edition | Wayne McDonell | WBN | |
| Fri, May 4, 16:00 GMT | Trading with Tom Flora | Tom Flora | WBN |  |
| Mon, May 7, 11:00 GMT | Weekly Webinar: 1st on Forex - The Week Ahead | Jerry Furst | WBN | |
Current Session: U.S.
GBP/USD
Mid-Day Forex Technical Report - Dollar Rally Resumes after Solid ISM Services and Jobless Claims by ActionForex.com
Cable's recovery was limited by short term channel support turned resistance (now at 1.9550) and edges lower in early US session. As discussed below, with 4 hours MACD staying below signal line and negative, as well as short term rising channel support out, short term outlook remains mildly bearish.
- USD extends gains in overbought territory again 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 Trading Strategy - Europe is hawkish, is it good? by MVDForex
Daily Forex Forecast - Daily Forex Forecast by FXDream
US Trading Preview - FX Consolidates Ahead of Data by Forexnews.com
Currencies at a Glance
- EUR/USD
- Trades above first support level at 1.3564 after bounced at last week low at 1.3541
05/03/2007 16:40 GMT - GBP/USD
- Trades around 1.9880 after bounced at first support level at 1.9848
05/03/2007 16:40 GMT - USD/CHF
- Continues to move up, trades around today's pivot at 1.2146
05/03/2007 16:41 GMT - USD/JPY
- Trades around 120.30 after bounced at first resistant level at 120.42
05/03/2007 16:40 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. , Mizuho Corporate Bank
[ View ASI page ] [ View EUR/USD page ]
Charting the Market Movers
EUR USD, Hourly
USD CHF, Hourly
Top Market Movers Preview
US NONFARM PAYROLLS
| Date (GMT) | Event | Cons. | Previous | |
| May 4 | 12:30 | Nonfarm Payrolls | 100K | 180K |
The Week Ahead - Personal Income, Manufacturing ISM, Productivity, Nonfarm Payroll by BBVA Bancomer
Employment creation would moderate in April as suggested by high frequency data. The four-week moving average of unemployment insurance claims increased for three consecutive weeks, standing at 332,000 in the week ending April 19, the highest reading in six weeks.
[ Full Story ]- Special Event: Trade Non-Farm Payrolls LIVE
- Forex - Dollar steady as attention shifts to US jobs data (AFX News)
- Neil Mackinnon, chief economist at ECU Group: "All eyes are on tomorrow's jobs report. The economic news this week has been better than expected and that has given the dollar some respite on the foreign exchanges." - AFX News
KBC News Picks - ADP points to downside risks for Friday’s Payrolls by KBC Bank
Forex Commentaries and Forecasts - Negative expectations for US non-farm payrolls stop the raising dollar by World-Signals®
Top Market Movers Review
US ISM NON-MANUFACTURING
| Date (GMT) | Event | Actual | Cons. | Previous | |
| May 3 | 14:00 | ISM Non-Manufacturing | 56.0 | 53.2 | 52.4 |
DATA SNAP/ISM Non-Manufacturing: April Business Index 56.0 Vs Mar 52.4 (Dow Jones)
The pace of growth outside the manufacturing sector picked up in April, amid concerns about energy prices, a report Thursday said. The Institute for Supply Management said its U.S. non-manufacturing index, which is comprised mostly of service-related companies, moved to a reading of 56.0 in April, from 52.4 in March and 54.3 in February.
[ Full Story ]- Read the April 2007 Non-Manufacturing ISM Report On Business at ISM Institute
- Dollar Gains Further On Non-Manufacturing ISM Data (Dow Jones)
- US April ISM services index rises to 56.0 vs 54.0 expected (AFX News)
- Service sector expands at faster rate (AFX News)
Global FX Daily - U.S. Edition - Markets waiting for non-manufacturing ISM today, payrolls tomorrow by Mellon Foreign Exchange
US NONFARM PRODUCTIVITY
| Date (GMT) | Event | Actual | Cons. | Previous | |
| May 3 | 12:30 | Nonfarm Productivity | 1.7% | 1.1% | 2.1% |
US Q1 productivity up 1.7 pct, unit labor costs up 0.6 pct (AFX News)
The efficiency of US workers rose at a faster-than-expected pace in the first quarter, while the the cost of hiring workers rose at a sharply slower-than-expected pace, the Labor Department said today. US workers increased their productivity by 1.7 pct in the first quarter, almost triple the 0.6 pct increase economists had expected.
[ Full Story ]- Read the Productivity and Costs data at Labor Department
- U.S. productivity grew larger than expected; labor costs just inches up (FXstreet.com)
- Table Of Productivity Data From Labor Dept. (Dow Jones)
The Week Ahead - Personal Income, Manufacturing ISM, Productivity, Nonfarm Payroll by BBVA Bancomer
Economic Events
| Date (GMT) | Country | Event | Actual | Cons. | Previous | |
| May 3 | 05:45 | CH | Consumer Price Index (MoM) (Apr) | 1.1% | 0.9% | 0.1% |
| 05:45 | CH | Consumer Price Index (YoY) (Apr) | 0.5% | 0.2% | 0.2% | |
| 08:30 | UK | PMI - Services Index | 57.2 | 57.6 | 57.6 | |
| 09:00 | EMU | Producer Price Index (MoM) (Mar) | 0.3% | 0.3% | 0.3% | |
| 12:30 | US | Initial Jobless Claims (Apr 28) | 305 | 326K |
||
| 12:30 | US | Nonfarm Productivity (1Q)  | 1.7% | 1.1% | 2.1% | |
| 14:00 | US | ISM Non-Manufacturing | 56.0 | 53.2 | 52.4 | |
| May 4 | 01:30 | AU | RBA Monetary Policy Statement | 1 | ||
| 01:30 | AU | Trade Balance (Mar) | -1000 | -838M | ||
| 07:55 | DE | Purchasing Manager Index Services (Apr) | 57.9 | 57.5 | ||