Monday, Aug 06, 16:50 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
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Live Sessions Schedule
FX Instructor Live Trading Room
Expert: Sunil Mangwani
Start: Tue, Aug 7, 11:00 GMT
Sponsored by: 
Type of Session: Webinar
Technical Analysis Bootcamp: The indicators you need to know and how to interpret them
Expert: Dan Blystone
Start: Tue, Aug 7, 14:00 GMT
Sponsored by: 
Type of Session: Webinar
| Sponsored by | ||||
| 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 - II: Developing a Profitable Trading System in 6 Steps | Markus Heitkoetter | WBN |  |
| Tue, Aug 7, 17:30 GMT | Live Coverage of FOMC US Interest Rate Announcement | Jerry Furst | WBN |  |
| Wed, Aug 8, 11:00 GMT | FX Instructor Live Trading Room  | Sunil Mangwani | WBN | |
Current Session: U.S.
GBP/USD
Mid-Day Forex Technical Report - Sterling Lower on Rate Speculations, Dollar Remains Pressured by ActionForex.com
Cable failed to sustain earlier gains and reverses by falling sharply to as low as 2.0287. Break of 2.0338 minor support left the rebound from 2.0182 with a corrective 3 wave nature to 2.0460, suggesting that correction from 2.0652 is still in progress. Further decline is now is favor to retest 2.0182 low and possibly further towards 2.0056 support before completing the correction.
- 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 - USD Offered on back of US Job Report by Saxo Bank
Daily Trading Strategy - Residual effect by MVDForex
Forex Daily Analysis - 06/08/'07 - The Greenback Pulls Further Back. by ForexYard
Currencies at a Glance
- EUR/USD
- Moves down below opening price level 1.3804 , above pivot level 1.3758
08/06/2007 16:09 GMT - GBP/USD
- Continues to trade below first support level 2.0339
08/06/2007 16:09 GMT - USD/CHF
- Continues to trade around opening price level 1.1872 , below pivot level 1.1947
08/06/2007 16:10 GMT - USD/JPY
- Back around opening price level 118.05 , below pivot level 118.43
08/06/2007 16:10 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
Germany INDUSTRIAL PRODUCTION S.A.
| Date (GMT) | Event | Cons. | Previous | |
| Aug 7 | 10:00 | Industrial Production s.a. w.d.a. (YoY) | 5.1% | 4.6% |
| Aug 7 | 10:00 | Industrial Production s.a. (MoM) | 0.5% | 1.9% |
Friday Notes - Weathering the storm by HVB Group
The UniCredit-Reuters tool points to a 0.7% decline m-om in industrial production. After the volatile preceding months, which were influenced – in some cases strongly – by problems with the seasonal and calendar adjustment, the annualized rate is settling at roughly 4%. The still high order cushion argues against a further cooling of the production dynamic in the coming months.
[ Full Story ]Top Market Movers Review
Germany FACTORY ORDERS
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Aug 6 | 10:00 | Factory Orders (MoM) | 4.6% | -0.6% | 3.0% |
| Aug 6 | 10:00 | Factory Orders (YoY) | 15.9% | 10.4% | 7.5% |
German factory orders soar in June (FXstreet.com)
Factory orders have grown larger than expected in June lead by a sharp advance on international big ticket orders, as the latest data by the German Economics Ministry shows.
[ Full Story ]- Germany: New Orders - June Federal Ministry of Economics
- German Manufacturing Orders Surge 4.6% On Month In June -2- (Dow Jones)
- German June manufacturing orders up 4.6 pct vs May; consensus down 0.8 pct (Thomson Financial News)
- Germany Factory Orders grow 4.6% in June; 15.9% up on the year (FXstreet.com)
Economic Events
| Date (GMT) | Country | Event | Actual | Cons. | Previous | |
| Aug 6 | 23:00 | UK | GDP Estimate (Jul) | 0.7% | ||
| Aug 7 | 03:00 | NZ | ANZ Commodity Price (Jul) | 6.1% | ||
| 10:00 | DE | Industrial Production s.a. (MoM) (Jun) | 0.5% | 1.9% | ||
| 10:00 | DE | Industrial Production s.a. w.d.a. (YoY) (Jun) | 5.1% | 4.6% | ||
| 12:30 | US | Nonfarm Productivity (2Q) | 2.1% | 1.0% | ||
| 12:30 | US | Productivity Preliminar (2Q) | 2% | 1% | ||
| 12:30 | US | Unit Labor Costs (2Q) | 1.7% | 1.8% | ||