Friday, Jun 08, 17:01 GMT
ASIA-PACIFIC Trading Newsletter
To Get Started
- The Advisor Weblog: Mixed
- 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? - The Week Ahead
Expert: Tony Juste
Start: Mon, Jun 11, 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: | ||||
| Mon, Jun 11, 10:00 GMT | What moves currencies? - The Week Ahead | Tony Juste | WBN | |
| Mon, Jun 11, 11:00 GMT | Weekly Webinar: 1st on Forex - The Week Ahead | Jerry Furst | WBN | |
| Mon, Jun 11, 14:00 GMT | Derek Frey's Outlook | Derek Frey | WBN |  |
| Mon, Jun 11, 16:00 GMT | Trading with Tim Billups  | Tim Billups | WBN | |
| Mon, Jun 11, 21:00 GMT | FX Daily Wrap Up | Derek Frey | WBN | |
Current Session: U.S.
EUR/USD
Mid-Day Forex Technical Report - Dollar Take a Breath after Strong Rally by ActionForex.com
EUR/USD's sharp decline from 1.3553 extends further to as low as 1.3320 today, taking out mentioned 1.3364 cluster support (38.2% retracement of 1.2865 to 1.3681 at 1.3369). This confirms short term bearishness and that the whole decline from 1.3681 has resumed. At this point, as long as 1.3391 resistance holds, further decline is expected to follow.
- Looking for the Trader of the Year 2007: Take part in the 1st FXstreet.com Trading Contest
- Technical Trigger: beware of CCI hidden Divergences in EUR/USD and GBP/USD 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:
Forex Trading Strategies - US Yields Decide Direction by Saxo Bank
Daily Forex Forecast - Daily Forex Forecast by FXDream
FX Thoughts for the Day - FX Thoughts for the day - Evening - 08-June-2007....1204 GMT by Kshitij Consultancy Service
Currencies at a Glance
- EUR/USD
- Stays below second support level 1.3365
06/08/2007 16:32 GMT - GBP/USD
- Trades above second support level 1.9627
06/08/2007 16:32 GMT - USD/CHF
- Stays above second resistant level 1.2328
06/08/2007 16:32 GMT - USD/JPY
- Trades above first resistant level 121.42
06/08/2007 16:32 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
GBP USD, Hourly
Top Market Movers Preview
EMU INDUSTRIAL PRODUCTION S.A.
| Date (GMT) | Event | Cons. | Previous | |
| Jun 12 | 09:00 | Industrial Production s.a. (MoM) | 0.2% | 0.4% |
Friday Notes - Italy: Draghi's wake up call by HVB Group
We expect industrial production to show no change in April. Recent releases of major factory surveys show a moderate loss of momentum, which we interpret as a cyclical slowdown. Production numbers tend to reflect this, but the growth rate remains solid enough to guarantee above-trend GDP expansion also in Q2.
[ Full Story ]Top Market Movers Review
US TRADE BALANCE
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Jun 8 | 12:30 | Trade Balance | -$58.50B | -$63.50B | -$62.39B |
U.S. April trade gap, narrower than expected (FXstreet.com)
U.S. Trade deficit decreased larger than expected in April due to a sharp drop on foreign made consumer goods, and a slight increase on exports, as the latest data by the Commerce Department shows. The U.S. trade deficit decreased 6.2% to $58.50 billion from downwardly revised $62.39 billion euro on the previous month, previously estimated as $63.89 billion.
[ Full Story ]- Read the U.S. International Trade in Goods and Services at Commerce Department
- Forex - Dollar remains strong after narrowing in US trade deficit (AFX News)
- DATA SNAP: US April Trade Gap Far Below Expectations (Dow Jones)
- Table of U.S. Goods, Services Trade Balance Data (Dow Jones)
Daily Forex Outlook - US trade balance to end the week by Easy Forex
The Week Ahead - ISM Services, Productivity & ULC, Wholesale Inventories & Trade Balance by BBVA Bancomer
Economic Events
| Date (GMT) | Country | Event | Actual | Cons. | Previous | |
| Jun 8 | 08:30 | UK | Industrial Production (MoM) (Apr) | 0.3% | 0.2% | 0.2% |
| 08:30 | UK | Industrial Production (YoY) (Apr) | 0.4% | 0.6% | -0.4% |
|
| 10:00 | DE | Industrial Production s.a. (MoM) (Apr) | -2.3% | 0.5% | 0.2% |
|
| 10:00 | EMU | Leading Indicator Index (Apr) | 110 | 110 |
||
| 11:00 | CA | Net Change in Employment (May) | 9.3K | 17.0K | -5.2K | |
| 11:00 | CA | Unemployment Rate (May) | 6.1% | 6.1% | 6.1% | |
| 12:15 | CA | Housing Starts (YoY) (May) | 229.7K | 215.0K | 211.9K | |
| 12:30 | US | Trade Balance | $-58.50B | -$63.50B | -$62.39B |
|
| Jun 10 | 11:50 | JP | Gross Domestic Product Annualized (1Q) | 3.2% | 5.5% | |
| Jun 11 | 08:30 | UK | Producer Price Index - Input (MoM) (May) | 0.8% | 0.7% | |