Thursday, Aug 02, 16:51 GMT
ASIA-PACIFIC Trading Newsletter
To Get Started
- SPECIAL EVENT: Trade Non-Farm Payrolls LIVE - 15th Edition with Wayne McDonell
- Website Renewed! All the Forex Market news and research also in Spanish
- Have a look at Postcards from the Right Edge! The new blog by Rob Booker
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Live Sessions Schedule
SPECIAL EVENT: Trade Non-Farm Payrolls LIVE - 15th Edition
Expert: Wayne McDonell
Start: Fri, Aug 3, 12:00 GMT
Sponsored by: 
Type of Session: Webinar
FX Instructor Live Trading Room
Expert: Sunil Mangwani
Start: Mon, Aug 6, 13:00 GMT
Sponsored by: 
Type of Session: Webinar
| Sponsored by | ||||
| Thu, Aug 2, 15:00 GMT | How to Get Started Trading Forex | Steve Primo | WBN |  |
| Fri, Aug 3, 12:00 GMT | SPECIAL EVENT: Trade Non-Farm Payrolls LIVE - 15th Edition | Wayne McDonell | WBN | |
| Mon, Aug 6, 13:00 GMT | FX Instructor Live Trading Room  | Sunil Mangwani | WBN | |
| Tue, Aug 7, 11:00 GMT | FX Instructor Live Trading Room | Sunil Mangwani | WBN | |
| Tue, Aug 7, 14:00 GMT | Technical Analysis Bootcamp: The indicators you need to know and how to interpret them | Dan Blystone | WBN | |
Current Session: U.S.
EUR/USD
Mid-Day Forex Technical Report - Markets Still in Range after Vigilance from Trichet by ActionForex.com
EUR/USD continues to engage in choppy trading inside established range of 1.3609 and 1.3726. Short term outlook remains mixed. On the upside, above 1.3726 will indicate corrective fall from 1.3851 has possibly completed. Otherwise, risk remains on the downside.
- 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:
Forex Trading Strategies - Range Bound Market Ahead of US Job Report by Saxo Bank
Daily Trading Strategy - What a start of the month… by MVDForex
FX Thoughts for the Day - FX Thoughts for the day - Evening - 02-Aug-2007....1140 GMT by Kshitij Consultancy Service
Currencies at a Glance
- EUR/USD
- Moves up toward first resistant level 1.3705
08/02/2007 16:33 GMT - GBP/USD
- Moves up toward first resistant level 2.0381
08/02/2007 16:33 GMT - USD/CHF
- Moves down below first 1.2068 after hit 1.2082
08/02/2007 16:33 GMT - USD/JPY
- Moves up toward first resistant level 119.43
08/02/2007 16:33 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 PURCHASING MANAGER INDEX SERVICES
| Date (GMT) | Event | Cons. | Previous | |
| Aug 3 | 08:30 | Purchasing Manager Index Services | 57.4 | 57.7 |
Friday Notes - Oil prices – the primary trend is up by HVB Group
After a marked (and unexpected) rise in June, we see the services PMI slowing down to 57.2 in July (from the previous 57.7). This would be a level still above the longterm average, signaling that, despite some moderation, the level of activity within the services sector still remains solid. We also expect the output price component to edge moderately down, after a strong rise in June.
[ Full Story ]Top Market Movers Review
US FACTORY ORDERS
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Aug 2 | 14:00 | Factory Orders | 0.6% | 1.0% | -0.5% |
DATA SNAP: US Jun Factory Orders Rise Less Than Expected (Dow Jones)
Factory orders climbed during June on the strength of higher demand for airplanes, but the increase was smaller than expected as bookings weakened for cars, computers and electrical equipment.
[ Full Story ]- Read the Manufacturers' Shipments, Inventories, & Orders at Commerce Department
- US June factory orders up 0.6 pct, ex-transportion down 0.5 pct (Thomson Financial News)
- U.S. factory orders pick up in June (FXstreet.com)
- Table Of Data On Factory Orders From Commerce (Dow Jones)
EMU ECB INTEREST RATE DECISION
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Aug 2 | 11:45 | ECB Interest Rate Decision | 4% | 4% | 4% |
The ECB keeps rates unchanged at 4% (FXstreet.com)
The European Central Bank’s Monetary Policy Committee has decided to leave interest rates unchanged for the 13 countries belonging to the Euro Zone. The decision was widely expected by the market analysts.
[ Full Story ]- Read the Monetary policy decisions at ECB
- Euro Little Changed Vs Dollar Despite ECB Rate-Hike Hint (Dow Jones)
- ECB's Trichet says 'strong vigilance' on inflation is of 'essence' UPDATE (Thomson Financial News)
- ECB's Trichet says 'strong vigilance' on inflation is of 'essence' UPDATE (Thomson Financial News)
ECB and BoE meeting Preview by FXstreet.com
ECB: Indicating a September hike by Danske Bank A/S
UK BOE INTEREST RATE DECISION
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Aug 2 | 11:00 | BoE Interest Rate Decision | 5.75% | 5.75% | 5.75% |
The Bank of England leaves key rate on hold at 5.75% (FXstreet.com)
The BoE’s Monetary Policy Committee has decided to keep interest rates on hold at 5.75%, after having raised them by a quarter of point in June, which was the fifth rise in the past 12 months.
[ Full Story ]- Read the Bank Rate maintained at 5.75% at BoE
- BCC welcomes BoE verdict to keep rates unchanged (Thomson Financial News)
- BoE right to hold rates, should resist any further hikes for time being - BRC (Thomson Financial News)
- Bank Of England Leaves Bank Rate Unchanged At 5.75% (Dow Jones)
ECB and BoE meeting Preview by FXstreet.com
Daily Forex Commentary - Rate Announcement from BoE today by Jyske Bank
Economic Data Roundup - United Kingdom: 2/8 MPC Meeting Begins by ODL Securities
Economic Events
| Date (GMT) | Country | Event | Actual | Cons. | Previous | |
| Aug 2 | 12:30 | US | Initial Jobless Claims (Jul 28) | 307K | 315 | 303K |
| 14:00 | US | Factory Orders (Jun) | 0.6% | 1.0% | -0.5% | |
| Aug 3 | 05:45 | CH | Consumer Price Index (MoM) (Jul) | -0.6% | 0.1% | |
| 05:45 | CH | Consumer Price Index (YoY) (Jul) | 0.7% | 0.6% | ||
| 07:55 | DE | Purchasing Manager Index Services (Jul) | 58.5 | 58.9 | ||
| 08:00 | EMU | Purchasing Manager Index Services (Jul) | 58.1 | 58.1 | ||
| 08:30 | UK | Purchasing Manager Index Services (Jul) | 57.4 | 57.7 | ||