Friday, Jun 01, 17:02 GMT
ASIA-PACIFIC Trading Newsletter
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Live Sessions Schedule
What moves currencies? - The Week Ahead
Expert: Tony Juste
Start: Mon, Jun 4, 10:00 GMT
Sponsored by: 
Type of Session: Webinar
Combining Indicators and Ocsilators with True Support and Resistance
Expert: Sam Seiden
Start: Thu, Jun 7, 15:00 GMT
Sponsored by: 
Type of Session: Webinar
| Sponsored By: | ||||
| Mon, Jun 4, 10:00 GMT | What moves currencies? - The Week Ahead | Tony Juste | WBN | |
| Mon, Jun 4, 11:00 GMT | Weekly Webinar: 1st on Forex - The Week Ahead | Jerry Furst | WBN |  |
| Mon, Jun 4, 12:00 GMT | US Pre-Market Open  | Ed Ponsi | WBN | |
| Mon, Jun 4, 13:20 GMT | US Session Open | Ed Ponsi | WBN | |
| Mon, Jun 4, 14:00 GMT | Derek Frey's Outlook | Derek Frey | WBN |  |
Current Session: U.S.
EUR/USD
Mid-Day Forex Technical Report - Dollar Higher after ISM Manufacturing and Non-Farm Payroll by ActionForex.com
EUR/USD's fall from 1.3519 resumes by breaking through 1.34 level. At this point, further decline is still in favor towards 1.3364 cluster support (38.2% retracement of 1.2865 to 1.3681 at 1.3369). But still, as mentioned before the main question is that with 1.3364 cluster support remains intact, it's still unclear whether fall from 1.3681 is merely a correction to rise from 1.2865 or the start of a deeper decline.
- Looking for the Trader of the Year 2007: Take part in the 1st FXstreet.com Trading Contest
- Trade Alert/Idea (intraday): EUR/USD & EUR/CHF by Tony Juste
- The Signals Tracker: track down the performance of a particular signals provider
- 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
Other Topics for this Session:
Daily Trade Analysis - AUDUSD looking for 0.8326 by AMZ Capital
Daily Forex Currency Outlook - USDJPY by ZeeTrade
Daily Forex Forecast - Daily Forex Forecast by FXDream
Currencies at a Glance
- EUR/USD
- Back above first support level 1.3424 after bounced at second support level 1.3396
06/01/2007 16:30 GMT - GBP/USD
- Moves up toward first resistant level 1.9830
06/01/2007 16:30 GMT - USD/CHF
- Back around second resistant level 1.2291
06/01/2007 16:30 GMT - USD/JPY
- Continues to move up above first resistant level 121.98
06/01/2007 16:30 GMT
Analyst Sentiment Index (ASI)
Analysts Sentiment Index - EUR/USD
**Source : ActionForex.com, 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 GBP, Hourly
Top Market Movers Preview
EMU PURCHASING MANAGER INDEX SERVICES
| Date (GMT) | Event | Cons. | Previous | |
| Jun 5 | 08:00 | Purchasing Manager Index Services | 57.2 | 57.0 |
Friday Notes - EMU Inflation To Remain Sticky by HVB Group
After four consecutive declines, we expect the euro-zone services PMI to have slightly increased to 57.2 in May. The good services performance underpins our view that the eurozone economy will keep growing above trend also in Q2.
[ Full Story ]Top Market Movers Review
US ISM MANUFACTURING
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Jun 1 | 14:00 | ISM Manufacturing | 55.0 | 54.0 | 54.7 |
U.S. ISM Manufacturing Index hits 12 month record in May (FXstreet.com)
Economic activity in the U.S. manufacturing sector has expanded in May for the fourth consecutive time, as the latest Manufacturing ISM report on Business shows. The ISM index hit the 55.0 level from the 54.7 level in April, reaching its highest levels in the last twelve months. Both new orders and production sub indexes showed improvement on the month.
[ Full Story ]- Read the ISM Report at ISM
- U.S. manufacturing sector expands (AFX News)
- US May ISM manufacturing index 55.0 vs 54.0 expected (AFX News)
- DATA SNAP/ISM Mfg: May Mfg Business Index 55.0 Vs Apr 54.7 (Dow Jones)
Forex Trading Strategies - US payrolls sets the stage at 12:30 GMT ISM figures to follow by Saxo Bank
Daily Forex Technical Report - Dollar Faces Tough Tests from NFP, Core PCE and ISM Manufacturing by ActionForex.com
The Week Ahead - Consumer Confidence, FOMC Minutes, GDP, NFP, Manufacturing ISM and PCE by BBVA Bancomer
US NONFARM PAYROLLS
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Jun 1 | 12:30 | Nonfarm Payrolls | 157K | 140 | 80K |
DATA SNAP: Solid May Job Gain Further Dashes Rate-Cut Hopes (Dow Jones)
U.S. employment posted a solid increase last month led by health care, business services and leisure industries, providing more evidence that the economy is on the rebound after a lackluster first quarter.
[ Full Story ]- Read the Employment Situation data at Labor Department
- Forex - Dollar briefly spikes higher after firm US non-farm payroll figures (AFX News)
- U.S. Non Farm Payrolls increase larger than expected (FXstreet.com)
- US May non-farm payrolls up 157,000, unemployment rate still at 4.5 pct (AFX News)
- Tony Juste, FX Advisor at FXstreet.com: "The US economy is doing well at employment, and the figures are really amazing, in a period where the economic growth is not at its best readings. However, the personal income has come out negative for the first month in a year, and that is causing a bit of disappointment among traders, who feel that the 'good news' is not complete with that negative data. Overall, and in any case, we should treat the data as USD positive." - FXstreet.com
May US payrolls report to disappoint (31 May) by KBC Bank
U.S: Labour market holding steady by Danske Bank A/S
Economic Events
| Date (GMT) | Country | Event | Actual | Cons. | Previous | |
| Jun 1 | 12:30 | US | Average Hourly Earnings (YoY) (Apr) | 3.8% | 3.7% | |
| 12:30 | US | Average Weekly Hours (May) | 33.9 | 33.8 | 33.8 | |
| 12:30 | US | Core Personal Consumption Expenditure (MoM) (Apr) | 0.1% | 0.2% | 0% | |
| 12:30 | US | Nonfarm Payrolls (May) | 157K | 140 | 80K |
|
| 12:30 | US | Personal Spending (Apr) | 0.5% | 0.4% | 0.4% |
|
| 12:30 | US | Unemployment Rate (May) | 4.5% | 4.5% | 4.5% | |
| 14:00 | US | ISM Manufacturing (May) | 55.0 | 54.0 | 54.7 | |
| 14:00 | US | Reuters/Michigan Consumer Sentiment Index (May) | 88.3 | 88.0 | 87.1 | |
| Jun 4 | 09:00 | EMU | Producer Price Index (MoM) (Apr) | 0.3% | 0.3% | |
| 09:00 | EMU | Producer Price Index (YoY) (Apr) | 2.2% | 2.7% | ||