Friday, May 04, 16:36 GMT
ASIA-PACIFIC Trading Newsletter
To Get Started
- The Signals Tracker: track down the performance of a particular signal provider
- 1st FXstreet.com International Traders Conference: See you in Barcelona!
- Check out all our Delivery Options
Send us your feed back. Post your comments about the new newsletters' format in the Forum.
Live Sessions Schedule
What moves currencies? - Post Market Reaction to NFP
Expert: Tony Juste
Start: Mon, May 7, 10:00 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: | ||||
| Fri, May 4, 12:00 GMT | SPECIAL EVENT: Trade Non-Farm Payrolls LIVE - 12th Edition | Wayne McDonell | WBN |  |
| Mon, May 7, 10:00 GMT | What moves currencies? - Post Market Reaction to NFP | Tony Juste | WBN | |
| Mon, May 7, 11:00 GMT | Weekly Webinar: 1st on Forex - The Week Ahead | Jerry Furst | WBN | |
| Mon, May 7, 12:00 GMT | US Pre-Market Open  | Ed Ponsi | WBN |  |
Current Session: U.S.
USD/JPY
Mid-Day Forex Technical Report - Dollar Falls after Weak Non Farm Payroll, But Still in Range by ActionForex.com
USD/JPY retreats sharply in early US session on broad based dollar weakness. Touching of 119.97 minor support, with 4 hours MACD dragged below signal line, indicates that a short term top is formed at 120.45. Outlook is turned consolidative and further retreat towards 4 hours 55 EMA (now at 119.60) is in favor as long as USD/JPY stays below 120.45 high.
- The Signals Tracker: track down the performance of a particular signal provider
- Trade Alert (intraday): EUR/USD (IV) 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 - Employment: also bad by MVDForex
Recent Recommended Trades - Recent Recommended Trades by AceTrader
Weekly Market Commentary - A holiday-thin week by Mizuho Corporate Bank
Currencies at a Glance
- EUR/USD
- Continues to trade below first resistant level at 1.3597
05/04/2007 16:33 GMT - GBP/USD
- Trades above first resistant level at 1.9923
05/04/2007 16:33 GMT - USD/CHF
- Trades below first support level at 1.2111
05/04/2007 16:34 GMT - USD/JPY
- Trades above first support level at 120.11
05/04/2007 16:34 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
Germany FACTORY ORDERS S.A.
| Date (GMT) | Event | Cons. | Previous | |
| May 7 | 10:00 | Factory Orders s.a. (MoM) | 0.4% | 3.9% |
Friday Notes - The oil price just keeps on rising by HVB Group
Following the enormous jump in the previous month, the UniCredit-Reuters tool points to an increase in March, but it should be more moderate. The risks are, however, on the upside. The engineering sector reported a veritable "explosion" of new orders in March. Hence, order books remain full to the brim.
[ Full Story ]Top Market Movers Review
US NONFARM PAYROLLS
| Date (GMT) | Event | Actual | Cons. | Previous | |
| May 4 | 12:30 | Nonfarm Payrolls | 88K | 100K | 177K |
US: NFP - Confirms Our Forecasts by FXCM
US Non-Farm Payrolls printed at 88K slightly below the already muted expectations of 100K as US economy displayed clear evidence of deceleration. Every component of the report was worse than forecast with Average Hourly earnings growing only 3.7% vs. 3.9% consensus and manufacturing payrolls shrinking yet another -19K vs. -14K forecast.
[ Full Story ]- Read the Employment Situation Summary at Labor Department
- The Advisor Blog: So the news are bad, huh? (and do you believe it?)
- Dollar Slips On April Payrolls Data (Dow Jones)
- Forex - Dollar weakens momentarily after below-consensus US payrolls data (AFX News)
- US April non-farm payrolls up 88,000, unemployment rate rise to 4.5 pct (AFX News)
- Tony Juste, FX Advisor at FXstreet.com: "The unemployment report is once again positive (despite what they say on the NFP), and shows that the threat of a rate cut by the Fed is kind of utopic for the time being. The USD should not get that much hurt from the data." - FXstreet.com
Daily Trading Strategy - Employment: also bad. by MVDForex
Mid-Day Forex Technical Report - Dollar Falls after Weak Non Farm Payroll, But Still in Range by ActionForex.com
Daily Market Briefing - US Dollar: Stronger Going into Payrolls by FXCM
Economic Events
| Date (GMT) | Country | Event | Actual | Cons. | Previous | |
| May 4 | 07:55 | DE | Purchasing Manager Index Services (Apr) | 57.8 | 57.9 | 57.5 |
| 08:00 | EMU | Purchasing Manager Index Services (Apr) | 57.0 | 57.6 | 57.4 | |
| 08:00 | SE | Riksbank Interest Rate Decision | 3.25% | 3.25% | ||
| 09:00 | EMU | Retail Sales (MoM) (Mar) | 0.5% | 0.5% | 0.4% |
|
| 09:00 | EMU | Retail Sales (YoY) (Mar) | 2.6% | 2.3% | 1.2% | |
| 12:30 | US | Average Weekly Hours (Apr) | 33.8 | 33.9 | 33.9 | |
| 12:30 | US | Nonfarm Payrolls (Apr) | 88K | 100K | 177K |
|
| 12:30 | US | Unemployment Rate (Apr) | 4.5% | 4.5% | 4.4% | |
| May 7 | 05:00 | JP | BoJ Minutes (Mar) | |||
| 05:00 | DE | Factory Orders n.s.a. (YoY) (Mar) | 11.1% | 9.3% | ||