Wednesday, Jul 04, 16:36 GMT
ASIA-PACIFIC Trading Newsletter
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Live Sessions Schedule
What moves currencies?
Expert: Tony Juste
Start: Thu, Jul 5, 10:00 GMT
Sponsored by: 
Type of Session: Webinar
SPECIAL EVENT: Trade Non-Farm Payrolls LIVE
Expert: Wayne McDonell
Start: Fri, Jul 6, 12:00 GMT
Sponsored by: 
Type of Session: Webinar
| Sponsored By: | ||||
| Thu, Jul 5, 10:00 GMT | What moves currencies? | Tony Juste | WBN | |
| Thu, Jul 5, 12:00 GMT | US Pre-Market Open  | Ed Ponsi | WBN |  |
| Thu, Jul 5, 13:00 GMT | Raghee Horner's Four Step Trading: Forex | Raghee Horner | WBN |  |
| Thu, Jul 5, 14:00 GMT | Technical Analysis Q&A | Tony Juste | WBN | |
| Thu, Jul 5, 15:00 GMT | Advanced Methods for Finding Dominant Trends in Forex Markets | Steve Primo | WBN | |
Current Session: U.S.
USD/CHF
Mid-Day Forex Technical Report - Sterling Consolidates Below New 26 Year High by ActionForex.com
USD/CHF continues to consolidate above 1.2089 today. A short term low should be in place at 1.2089 with 4 hours MACD crossed above signal line too. Further consolidation should now be seen with risk of recovering further to 38.2% retracement of 1.2339 to 1.2089 at 1.2185.
- Looking for the Trader of the Year 2007: Take part in the 1st FXstreet.com Trading Contest
- Price Flash: GBP/USD hits dynamic line again @ 2.0170, then falls 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 Technical Report - Forex Technical Report USD/CHF by iFOREX.bg
Technical Analysis Special - EUR/SEK by Mizuho Corporate Bank
Foreing Exchange - EUR: Next target is 1.3682 by Avantage Financial GMBH
Currencies at a Glance
- EUR/USD
- Stays above pivot level 1.3608 with very tight daily range
07/04/2007 16:19 GMT - GBP/USD
- Continues to trade around pivot level 2.0160
07/04/2007 16:19 GMT - USD/CHF
- Stays above pivot level 1.2141 with very tight daily range
07/04/2007 16:19 GMT - USD/JPY
- Continues to move up toward first resistant level 122.69
07/04/2007 16:19 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
UK BOE INTEREST RATE DECISION
| Date (GMT) | Event | Cons. | Previous | |
| Jul 5 | 11:00 | BOE Interest Rate Decision | 5.5% | 5.5% |
UPDATE: Bank Of England Seen Lifting Rates A Quarter Point On Thursday (Dow Jones)
The Bank of England is widely expected to lift its key interest rate a quarter point to 5.75% on Thursday, with the U.K. showing some signs of further economic strength following a finely balanced decision at the bank's last meeting.
[ Full Story ]EMU ECB INTEREST RATE DECISION
| Date (GMT) | Event | Cons. | Previous | |
| Jul 5 | 11:45 | ECB Interest Rate Decision | 4% | 4% |
Sunrise Market Commentary: Currencies - EMU policy makers nervous about euro by KBC Bank
There could be some impact now from the upcoming central bank meetings. The ECB could be facing some pressure tomorrow to not sound too hawkish, as it came under fire from the French. At the same time the BoE will hike, we fully expect.
[ Full Story ]Top Market Movers Review
EMU RETAIL SALES
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Jul 4 | 09:00 | Retail Sales (YoY) | 0.4% | 1.0% | 1.5% |
| Jul 4 | 09:00 | Retail Sales (MoM) | -0.5% | 0% | -0.1% |
Disappointing retail sales in the EU in May (FXstreet.com)
Retail sales have decreased larger than expected in May from April, in a sign that increasing economic activity on the region is not yet reflected in personal consumption, as we can conclude from the latest report by Eurostat.
[ Full Story ]- May Retail Sales - By Eurostat
- DATA SNAP: Euro-Zone Retail Sales Down 0.5% In May (Dow Jones)
- EU Retail Sales decrease 0.5% in May 0.4% up on the year (FXstreet.com)
UK PURCHASING MANAGER INDEX SERVICES
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Jul 4 | 08:30 | Purchasing Manager Index Services | 57.7 | 57.0 | 57.2 |
Services PMI increases unexpectedly in the UK (FXstreet.com)
Services PMI have increased in the UK, against the market expectations, to 57.7 in June from 57.2 in May. Market analysts forecasted Services PMI to remain at 57.2 or to decrease slightly.
[ Full Story ]- CIPS Homepage
- Forex - Pound continues rally against dollar, supported by strong services PMI (Thomson Financial News)
- UK CIPS June services PMI rebounds to 57.7 from 57.2 in May - sources (Thomson Financial News)
- UK June Services PMI 57.7 Vs 57.2 In May - Sources (Dow Jones)
Economic Events
| Date (GMT) | Country | Event | Actual | Cons. | Previous | |
| Jul 4 | 01:30 | AU | Trade Balance | -807 | -1200M | -962M |
| 07:55 | DE | Purchasing Manager Index Services | 58.9 | 58.0 | 57.5 | |
| 08:00 | EMU | Purchasing Manager Index Services | 58.3 | 58.3 | 57.3 | |
| 08:30 | UK | Purchasing Manager Index Services | 57.7 | 57.0 | 57.2 | |
| 09:00 | EMU | Retail Sales (MoM) | -0.5% | 0% | -0.1% |
|
| 09:00 | EMU | Retail Sales (YoY) | 0.4% | 1.0% | 1.5% |
|
| Jul 5 | 05:00 | JP | Leading Economic Index | 40.0 | 36.4 | |
| 11:00 | UK | BOE Interest Rate Decision | 5.5% | 5.5% | ||
| 11:45 | EMU | ECB Interest Rate Decision | 4% | 4% | ||
| 12:30 | CA | Building Permits (MoM) | -4.5% | -8.4% | ||