Tuesday, Jul 31, 16:31 GMT
ASIA-PACIFIC Trading Newsletter
To Get Started
- SPECIAL EVENT: Trade Non-Farm Payrolls LIVE - 15th Edition with Wayne McDonell
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- Have a look at Postcards from the Right Edge! The new blog by Rob Booker
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Live Sessions Schedule
Main technical theme in the currency market
Expert: Jamie Saettele
Start: Wed, Aug 1, 13:00 GMT
Sponsored by: 
Type of Session: Webinar
The FX Mirror
Expert: Patrick Dyess
Start: Wed, Aug 1, 16:00 GMT
Sponsored by: 
Type of Session: Webinar
| Sponsored by | ||||
| Wed, Aug 1, 12:00 GMT | US Pre-Market Open  | Ed Ponsi | WBN | |
| Wed, Aug 1, 13:00 GMT | Main technical theme in the currency market | Jamie Saettele | WBN | |
| Wed, Aug 1, 13:30 GMT | US Session Open | Ed Ponsi | WBN | |
| Wed, Aug 1, 15:00 GMT | Specific technical indicators and tools for tracking accurancy in FX trading | Don Wilcox | WBN | |
| Wed, Aug 1, 16:00 GMT | The FX Mirror | Patrick Dyess | WBN | |
Current Session: U.S.
USD/JPY
Mid-Day Forex Technical Report - Markets Still Calm after a Packed Economic Calendar by ActionForex.com
USD/JPY recovers mildly after failing to take out mentioned 118.35/57 cluster support zone (38.2% retracement of 108.99 to 124.13 at 118.35 and 61.8% retracement of 115.13 to 124.13 at 118.57) decisively. With 4 hours MACD back above signal line and RSI recovered from oversold region, a short term bottom is likely in place at 117.97 already.
- Postcards from the Right Edge!: New technical analysis blog by Rob Booker
- 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:
FX Thoughts for the Day - FX Thoughts for the day - Evening - 31-July-2007....1225 GMT by Kshitij Consultancy Service
Daily Forex Forecast by FXDream
Forex Trading Strategies - Key Focus on US Figures at 12:30 GMT by Saxo Bank
Currencies at a Glance
- EUR/USD
- Trades above opening price level 1.3697 , above pivot level 1.3670
07/31/2007 16:15 GMT - GBP/USD
- Moves up above second resistant level 2.0350
07/31/2007 16:15 GMT - USD/CHF
- Moves down below pivot level 1.2045
07/31/2007 16:15 GMT - USD/JPY
- Continues to trade around opening price level 119.04 , above pivot level 118.74
07/31/2007 16:15 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 PMI MANUFACTURING INDEX
| Date (GMT) | Event | Cons. | Previous | |
| Aug 1 | 08:30 | PMI Manufacturing Index | 54.0 | 54.3 |
Friday Notes - Oil prices – the primary trend is up by HVB Group
Following a decline in June, we expect the manufacturing PMI to remain on a softening trend, slowing down to 53.8. Higher oil prices and a stronger currency might have affected manufacturers’ confidence. This would be also consistent with a weak reading for the CBI industrial trend survey in July.
[ Full Story ]Top Market Movers Review
US CHICAGO PURCHASING MANAGERS' INDEX
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Jul 31 | 13:45 | Chicago Purchasing Managers' Index | 53.4 | 59.0 | 60.2 |
Chicago July purchasers index drops to 53.4 vs 58.8 expected (Thomson Financial News)
Business activity fell in the US Midwest in July for the second straight month, even faster than economists expected. The National Association of Purchasing Management-Chicago business index fell to 53.4, down from the 60.2 reading in June and from May's 61.7 reading.
[ Full Story ]- Table Of Data From US Chicago Purchasing Managers' Report (Dow Jones)
- US Jul Chicago Purchasing Managers' Index down to 53.4 from 60.2 in June (FXstreet.com)
- Ahead of the Bell: Chicago manufacturing (Thomson Financial News)
Forex Daily Analysis - 31/07/'07 - Busy US schedule today - Chicago PMI on tap. by ForexYard
US CORE PERSONAL CONSUMPTION EXPENDITURE
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Jul 31 | 12:30 | Personal Spending | 0.1% | 0.2% | 0.6% |
| Jul 31 | 12:30 | Core Personal Consumption Expenditure (MoM) | 0.1% | 0.2% | 0.1% |
| Jul 31 | 12:30 | Personal Consumption Expenditures - Prices Index | 2.3% | 1.9% | 2.4% |
| Jul 31 | 12:30 | Core Personal Consumption Expenditure (YoY) | 1.9% | 1.9% | 2.0% |
US June consumer spending up just 0.1 pct, core PCE price index up 0.1 pct (Thomson Financial News)
US consumers slowed their spending significantly in June, even as their incomes rose and inflation remained steady, the Commerce Department said today. The 0.1 pct increase in personal consumption spending last month was the lowest since a 0.1 pct decline in September of last year.
[ Full Story ]- Read the Personal Income and Outlays at Commerce Department
- US June consumer spending up 0.1 pct, core PCE price index up 0.1 pct UPDATE (Thomson Financial News)
- U.S. Personal Spending growth slows down in June (FXstreet.com)
- US Core Personal Consumption Expenditure increases 1.9% y-o-y in Jun; 0.1% up on the month (FXstreet.com)
Wakeup Call on Forex Markets - US PCE and Spending Figures Key Today by Saxo Bank
Daily Forex Technical Report - Focus Turning From Risk Aversion to US Core Inflation by ActionForex.com
Economic Events
| Date (GMT) | Country | Event | Actual | Cons. | Previous | |
| Jul 31 | 13:45 | US | Chicago Purchasing Managers' Index (Jul) | 53.4 | 59.0 | 60.2 |
| 14:00 | US | Consumer Confidence (Jul) | 112.6 | 105.0 | 105.3 |
|
| 23:01 | UK | Nationwide Consumer Confidence (Jul) | 93 | 95 | ||
| Aug 1 | 01:30 | AU | Trade Balance (Jun) | -1150 | -807 | |
| 07:55 | DE | PMI Manufacturing Index (Jul) | 56.8 | 57.3 | ||
| 08:00 | EMU | PMI Manufacturing Index (Jul) | 54.8 | 54.8 | ||
| 08:30 | UK | PMI Manufacturing Index (Jul) | 54.0 | 54.3 | ||