Friday, Aug 03, 16:46 GMT
ASIA-PACIFIC Trading Newsletter
To Get Started
- Website Renewed! All the Forex Market news and research also in Spanish
- ECB and BoE meeting Review by FXstreet.com
- Have a look at Postcards from the Right Edge! The new blog by Rob Booker
- Live Coverage of FOMC US Interest Rate Announcement with Jerry Furst
Note that our messages might be blocked by anti-spam filters so please add newsletter@fxstreet.com or our domain (fxstreet.com) to your address book.
Live Sessions Schedule
FX Instructor Live Trading Room
Expert: Sunil Mangwani
Start: Tue, Aug 7, 11:00 GMT
Sponsored by: 
Type of Session: Webinar
Live Coverage of FOMC US Interest Rate Announcement
Expert: Jerry Furst
Start: Tue, Aug 7, 17:30 GMT
Sponsored by: 
Type of Session: Webinar
| Sponsored by | ||||
| 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 |  |
| Tue, Aug 7, 16:00 GMT | Becoming a Professional Trader (Part 2): Developing a Profitable Trading System in Six Steps | Markus Heitkoetter | WBN | |
| Tue, Aug 7, 17:30 GMT | Live Coverage of FOMC US Interest Rate Announcement | Jerry Furst | WBN | |
Current Session: U.S.
EUR/USD
Mid-Day Forex Technical Report - Dollar Double Hit by NFP and ISM Services by ActionForex.com
EUR/USD's rebound from 1.3609 resumes by breaking through 1.376 resistance, reaching as high as 1.3751 so far. At this point, further rally should follow as long as 1.3682 support holds and retest of 1.3769 resistance should be seen. Also, break of 1.3769 will confirm that correction from 1.3851 has completed.
- 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 - All Eyes on the US Job Report by Saxo Bank
Daily Trading Strategy - Employment misses by MVDForex
FX Thoughts for the Day - FX Thoughts for the day - Evening - 03-Aug-2007....1152 GMT by Kshitij Consultancy Service
Currencies at a Glance
- EUR/USD
- Continues to move up above third resistant level 1.3775
08/03/2007 16:08 GMT - GBP/USD
- Continues to move up above first resistant level 2.0406
08/03/2007 16:08 GMT - USD/CHF
- Continues to move down below third support level 1.1958
08/03/2007 16:08 GMT - USD/JPY
- Continues to move down below first support level 118.58
08/03/2007 16:08 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 INDUSTRIAL PRODUCTION
| Date (GMT) | Event | Cons. | Previous | |
| Aug 6 | 08:30 | Industrial Production (MoM) | 0.1% | 0.6% |
Friday Notes - Weathering the storm by HVB Group
After a strong reading in May, we expect UK industrial production to edge marginally down to 0.3% m-o-m in July, lifting the yearly rate of growth up to 1%. The low m-o-m reading should mainly reflect a weaker performance of the energy sector.
[ Full Story ]- OUTLOOK European industrial output data to continue to point to robust economy (Thomson Financial News)
Top Market Movers Review
US ISM NON-MANUFACTURING
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Aug 3 | 14:00 | ISM Non-Manufacturing | 55.8 | 59.5 | 60.7 |
DATA SNAP: ISM Non-Manufacturing Index Cools Unexpectedly In July (Dow Jones)
Non-manufacturing activity in the U.S. grew last month, albeit at a pace that was slower than expected, a report Friday said. The Institute for Supply Management said that its non-manufacturing index, moved to a reading of 55.8 in July.
[ Full Story ]- Read the July 2007 Non-Manufacturing ISM Report On Business at ISM
- ISM July services index 55.8 vs 59.0 expected (Thomson Financial News)
- U.S. Non-manufacturing ISM disappoints in July (FXstreet.com)
US NONFARM PAYROLLS
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Aug 3 | 12:30 | Nonfarm Payrolls | 92K | 135K | 126K |
US July non-farm payrolls up 92,000, unemployment rate rises to 4.6 pct (Thomson Financial News)
The US unemployment rate rose to its highest level in half a year as US employers added fewer workers to their payrolls last month than in any month in the past five months, the Labor Department said today.
[ Full Story ]- Read the Employment Situation Summary at Labor Department
- US July non-farm payrolls up 92,000, unemployment rate rises to 4.6 pct UPDATE (Thomson Financial News)
- Forex - Dollar suffers setback from weak US labour market report (Thomson Financial News)
- U.S. Non-Farm Payrolls increase below expectations in July (FXstreet.com)
Daily Forex Strategy Briefing - Dollar in Mixed Trading, Awaiting Job Reports by CMS Forex
Daily Market Overview - Payrolls by Trader College
Daily Fx Strategy - Will the US Employment Shoe Drop? by CMC Markets NY
Economic Events
| Date (GMT) | Country | Event | Actual | Cons. | Previous | |
| Aug 3 | 12:30 | US | Average Hourly Earnings (MoM) (Jul) | 0.3% | 0.3% | 0.3% |
| 14:00 | US | ISM Non-Manufacturing (Jul) | 55.8 | 59.5 | 60.7 | |
| Aug 6 | 05:00 | JP | Leading Economic Index (Jun)  | 80.0 | 40.9 | |
| 08:30 | UK | Industrial Production (MoM) (Jun) | 0.1% | 0.6% | ||
| 10:00 | DE | Factory Orders (MoM) (Jun) | -0.6% | 3.2% | ||
| 10:00 | DE | Factory Orders (YoY) (Jun) | 10.4% | 7.5% | ||
| Aug 7 | 10:00 | DE | Industrial Production (MoM) (Jun) | 0.5% | 1.9% | |