Thursday, Jun 07, 16:46 GMT
ASIA-PACIFIC Trading Newsletter
To Get Started
- The Advisor Weblog: Surely not this way
- Forex Trader of the Year 2007 Contest Offering $500,000 prizes
- The Signals Tracker: track down the performance of a particular signal provider
- Check out all our Delivery Options
- ECB Meeting Review by FXstreet.com
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Live Sessions Schedule
What moves currencies? - Weekly Wrap-Up
Expert: Tony Juste
Start: Fri, Jun 8, 10:00 GMT
Sponsored by: 
Type of Session: Webinar
Weekly Webinar: 1st on Forex - The Week Ahead
Expert: Jerry Furst
Start: Mon, Jun 11, 11:00 GMT
Sponsored by: 
Type of Session: Webinar
| Sponsored By: | ||||
| Thu, Jun 7, 21:00 GMT | FX Daily Wrap Up  | Derek Frey | WBN |  |
| Fri, Jun 8, 10:00 GMT | What moves currencies? - Weekly Wrap-Up | Tony Juste | WBN | |
| Fri, Jun 8, 11:00 GMT | The Contest Webinar | Raghee Horner | WBN |  |
| Fri, Jun 8, 14:00 GMT | Live Trading with the FX Advisor | Tony Juste | WBN | |
| Fri, Jun 8, 16:00 GMT | Trading with Tim Billups | Tim Billups | WBN | |
Current Session: U.S.
USD/CHF
Mid-Day Forex Technical Report - Sterling Tumbles after BoE, Dollar Fired Higher by N Korea's Missles by ActionForex.com
USD/CHF's rebound from 1.2146 continues to as high as 1.2241 and is now pressing 4 hours 55 EMA. At this point, further rally is in favro as low as 1.2186 minor support holds. Sustained trading above the EMA (now at 1.2229) will encourage further rise to retest 1.2331 high.
- Looking for the Trader of the Year 2007: Take part in the 1st FXstreet.com Trading Contest
- Technical Trigger: USD/CHF - CCI regular divergence 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 Trading Strategy - Watch global bond yields by MVDForex
Forex Trading Strategies - BoE Keeping Rates Fixed at 5.50% as expected by Saxo Bank
FX Thoughts for the Day - FX Thoughts for the day - Evening - 07-June-2007....1155 GMT by Kshitij Consultancy Service
Currencies at a Glance
- EUR/USD
- Continues to move down toward third support level 1.3426
06/07/2007 16:39 GMT - GBP/USD
- Continues to move down below 1.9780 , below third support level 1.9852
06/07/2007 16:39 GMT - USD/CHF
- Moving up above 1.2250 , above third resistant level 1.2226
06/07/2007 16:39 GMT - USD/JPY
- Continues to trade above pivot level 121.14
06/07/2007 16:39 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
Germany INDUSTRIAL PRODUCTION S.A.
| Date (GMT) | Event | Cons. | Previous | |
| Jun 8 | 10:00 | Industrial Production s.a. (MoM) | 0.5% | -0.1% |
Friday Notes - EMU Inflation To Remain Sticky by HVB Group
The unexpected decline in March was driven by a strong correction of adjusted construction output after the mild winter. Production in manufacturing has, in contrast, continued to expand and triggered a further increase in industrial production in April.
[ Full Story ]Top Market Movers Review
US WHOLESALE INVENTORIES
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Jun 7 | 14:00 | Wholesale Inventories | 0.3% | 0.3% | 0.4% |
DATA SNAP: US Wholesale Inventories Below Expectations (Dow Jones)
U.S. wholesalers' inventories grew in April even as sales rose strongly, hinting that businesses are finishing clearing shelves of excess goods. Wholesale inventories increased by 0.3% to a seasonally adjusted $394.54 billion, after rising a revised 0.4% in March, the Commerce Department said Thursday.
[ Full Story ]- Read the Monthly Wholesale Trade at Census Bureau
- US April wholesale inventories up 0.3 pct, sales up 1.3 pct (AFX News)
- US Wholesale Inventories flat at 0.3% in April (FXstreet.com)
Economic Events
| Date (GMT) | Country | Event | Actual | Cons. | Previous | |
| Jun 7 | 01:30 | AU | Employment Change (May) | 39.4K | 11.3K | 49.6K |
| 01:30 | AU | Unemployment Rate (May) | 4.2% | 4.4% | 4.4% | |
| 05:45 | CH | Unemployment Rate (May) | 2.7% | 2.8% | 2.9% | |
| 06:30 | BR | Interest Rate Decision | 12.0% | 12.5% | ||
| 11:00 | UK | BOE Interest Rate Decision | 5.5% | 5.5% | 5.5% | |
| 12:30 | US | Initial Jobless Claims (Jun 2) | 309K | 305K | 310K | |
| 14:00 | US | Wholesale Inventories | 0.3% | 0.3% | 0.4% |
|
| Jun 8 | 06:00 | DE | Current Account (Apr) | 12.2 | 17.2 | |
| 06:00 | DE | Trade Balance (Apr) | 15.0 | 18.4B | ||
| 08:30 | UK | Industrial Production (MoM) (Apr) | 0.2% | 0.3% | ||