Tuesday, Jun 05, 16:51 GMT
ASIA-PACIFIC Trading Newsletter
To Get Started
- The Advisor Weblog: G8 is next
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Live Sessions Schedule
What moves currencies? - ECB Impact on the Markets
Expert: Tony Juste
Start: Wed, Jun 6, 10:00 GMT
Sponsored by: 
Type of Session: Webinar
"Live ECB Decisions with Ed Ponsi"
Expert: Ed Ponsi
Start: Wed, Jun 6, 11:30 GMT
Sponsored by: 
Type of Session: Webinar
| Sponsored By: | ||||
| Tue, Jun 5, 21:00 GMT | FX Daily Wrap Up  | Derek Frey | WBN |  |
| Wed, Jun 6, 10:00 GMT | What moves currencies? - ECB Impact on the Markets | Tony Juste | WBN | |
| Wed, Jun 6, 11:30 GMT | "Live ECB Decisions with Ed Ponsi" | Ed Ponsi | WBN | |
| Wed, Jun 6, 13:20 GMT | US Session Open | Ed Ponsi | WBN | |
| Wed, Jun 6, 16:00 GMT | The FX Mirror | Patrick Dyess | WBN | |
Current Session: U.S.
EUR/USD
Daily Forex Technical Report - Dollar & Yen Remain Pressured in a Services Day by ActionForex.com
EUR/USD's rebound from 1.3391 reached as high as 1.3505 so far and remains firm. As discussed before, corrective fall from 1.3681 has likely completed with three waves down to 1.3391 already. Bullish convergence condition in 4 hours MACD and RSI as well as nearly meeting of 100% projection target of 1.3681 to 1.3461 from 1.3609 at 1.3389 are both supporting this case.
- 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 - Short Range Trading for EURUSD today by AMZ Capital
EUR/JPY Daily Technical Forex - EUR/JPY Daily Technical Forex by Stoploss.ch
The Word of Majors - EUR: The market is hammering out a base above the key 1.3367 support by FXstreet.com
Currencies at a Glance
- EUR/USD
- Trades above first resistant level 1.3514
06/05/2007 16:32 GMT - GBP/USD
- Continues to trade below first resistant level 1.9954
06/05/2007 16:33 GMT - USD/CHF
- Moves down toward second support level 1.2162
06/05/2007 16:34 GMT - USD/JPY
- Moves down below second support level 121.25
06/05/2007 16:35 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
Australia RBA INTEREST RATE DECISION
| Date (GMT) | Event | Cons. | Previous | |
| Jun 5 | 23:30 | RBA Interest Rate Decision | 6.25% | 6.25% |
Weekly Commentary - Good to go by Westpac Institutional Bank
The RBA will leave the cash rate unchanged at 6.25%, as they have at their last five meetings. Australia is currently in a ‘sweet spot’. The core CPI was 2% annualised over the last half year as energy prices came off their highs. Aggregate wages growth, while up on earlier in the decade, is still contained.
[ Full Story ]Top Market Movers Review
US ISM NON-MANUFACTURING
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Jun 5 | 14:00 | ISM Non-Manufacturing | 59.7 | 57.0 | 56.0 |
ISM May services index 59.7 vs 56.0 expected UPDATE (AFX News)
The US economy's service sector expanded much faster than expected in May, the Institute for Supply Management (ISM) said. The ISM's non-manufacturing business index rose to 59.7 from 56.0 in April. Economists were expecting steady services growth to produce a second straight reading of 56.0.
[ Full Story ]- The Advisor Blog: ISM Non_Manufacturing Data
- Read the Non-Manufacturing ISM Report On Business
- UPDATE: ISM Non-Mfg: May Sees Fastest Growth In 13 Months (Dow Jones)
- U.S. service sector expands (AFX News)
- U.S. service sector expands (AFX News)
The Week Ahead - ISM Services, Productivity & ULC, Wholesale Inventories & Trade Balance by BBVA Bancomer
Economic Events
| Date (GMT) | Country | Event | Actual | Cons. | Previous | |
| Jun 5 | 07:55 | DE | Purchasing Manager Index Services (May) | 57.5 | 57.8 | 57.8 |
| 08:00 | EMU | Purchasing Manager Index Services (May) | 57.3 | 57.2 | 57.0 | |
| 08:30 | UK | Purchasing Manager Index Services (May) | 57.2 | 57.0 | 57.2 | |
| 09:00 | EMU | Retail Sales (MoM) (Apr) | 0.2% | 0.5% | 0.4% |
|
| 09:00 | EMU | Retail Sales (YoY) (Apr) | 1.6% | 2.6% | ||
| 12:15 | US | Bernanke, Fukui, Trichet, Speaks to Conference in South Africa | ||||
| 14:00 | US | ISM Non-Manufacturing (May) | 59.7 | 57.0 | 56.0 | |
| 15:30 | US | Treasury Secretary Paulson Speaks on U.S - China Economic Relations | ||||
| 23:01 | UK | Nationwide Consumer Confidence (May) | 92 | 90 | ||
| 23:30 | AU | RBA Interest Rate Decision | 6.25% | 6.25% | ||