Tuesday, Aug 07, 19:34 GMT
ASIA-PACIFIC Trading Newsletter
To Get Started
- 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
- FXstreet.com 1st International Traders Conference - Come and meet our renowned Speakers
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Live Sessions Schedule
Level of Sentiment in the FX Market
Expert: Antonio Sousa
Start: Wed, Aug 8, 13:00 GMT
Sponsored by: 
Type of Session: Webinar
Forex Market forecast for rest of the Year 2007
Expert: Dr.S.Sivaraman
Start: Wed, Aug 8, 15:00 GMT
Sponsored by: 
Type of Session: Webinar
| Sponsored by | ||||
| Wed, Aug 8, 11:00 GMT | FX Instructor Live Trading Room  | Sunil Mangwani | WBN |  |
| Wed, Aug 8, 13:00 GMT | Level of Sentiment in the FX Market | Antonio Sousa | WBN | |
| Wed, Aug 8, 15:00 GMT | Forex Market forecast for rest of the Year 2007 | Dr.S.Sivaraman | WBN | |
| Wed, Aug 8, 17:00 GMT | Trading Intermarket Relationships | John Jagerson | WBN | |
| Wed, Aug 8, 18:00 GMT | Live Look at Today’s Markets | Derek Frey | WBN |  |
Current Session: U.S.
GBP/USD
Mid-Day Forex Technical Report - Majors Dragged Down by Yen Crosses, FOMC Awaited by ActionForex.com
Markets show little reaction to today's data as traders are holding their bets ahead of the main event of FOMC announcement later today. Though, the Japanese yen is mildly higher into US session with anticipation of a lower stock opens.
- 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:
Today's Top Momentum Movers - Dollar Steady Ahead of FOMC Announcement by TheFXMarkets.com
Daily Market Report: Forex - The Dollar strengthened against a basket of currencies by ICICI Bank
FX Technical Commentary - Thursday's Technical Outlook by Aspen Trading Group
Currencies at a Glance
- EUR/USD
- Moves up toward pivot level 1.3804 after US Interest Rate decision
08/07/2007 18:38 GMT - GBP/USD
- Moves up above first support level 2.0239 after US Interest Rate decision
08/07/2007 18:38 GMT - USD/CHF
- Moves down toward pivot level 1.1884 after US Interest Rate decision
08/07/2007 18:39 GMT - USD/JPY
- Moves down toward first support level 117.67 after US Interest Rate decision
08/07/2007 18:39 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
USD JPY, Hourly
GBP USD, Hourly
Top Market Movers Preview
Germany TRADE BALANCE
| Date (GMT) | Event | Cons. | Previous | |
| Aug 8 | 06:00 | Trade Balance | 17.8 | 17.5B |
EMU economic indicators - German industrial new orders probably plummeted in June by BHF-Bank
In line with the normal seasonal pattern, June German trade balance and current account are expected to have increased.
[ Full Story ]Top Market Movers Review
US FED INTEREST RATE DECISION
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Aug 7 | 18:15 | Fed Interest Rate Decision | 5.25% | 5.25% | 5.25% |
The Federal Reserve keeps interest rates on hold at 5.25% (FXstreet.com)
The Federal Reserve’s Monetary Policy Committee has decided to maintain interest rates unchanged at 5.25% after their monthly monetary policy meeting.
[ Full Story ]- U.S. Federal Reserve Statement
- Fed leaves key interest rate unchanged (Thomson Financial News)
- Fed leaves rates unchanged at 5.25 pct for ninth consecutive meeting UPDATE (Thomson Financial News)
- Full text of the Federal Reserve's statement following today's meeting (Thomson Financial News)
US NONFARM PRODUCTIVITY
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Aug 7 | 12:30 | Nonfarm Productivity | 1.8% | 2.1% | 0.7% |
| Aug 7 | 12:30 | Unit Labor Costs | 2.1% | 1.7% | 1.8% |
DATA SNAP: US 2Q Productivity Up; But Underlying Trend Weaker (Dow Jones)
U.S. productivity accelerated last quarter but came short of expectations given the sharp rebound in economic output. The government also revised down its estimates for productivity growth going back to 2004.
[ Full Story ]- Read the Productivity and Costs at Labor Department
- US Q2 productivity up 1.8 pct, unit labor costs up 2.1 pct (Thomson Financial News)
- US productivity grows less than expected in second quarter (FXstreet.com)
- US Nonfarm Productivity increases to 1.8% in 2Q from 0.7% (FXstreet.com)
Economic Events
| Date (GMT) | Country | Event | Actual | Cons. | Previous | |
| Aug 7 | 18:15 | US | Fed Interest Rate Decision | 5.25% | 5.25% | 5.25% |
| 19:00 | US | Consumer Credit (Jun) | $7.0 | $12.9 | ||
| 23:30 | AU | RBA Cash Target (Aug) | 6.50% | 6.25% | ||
| Aug 8 | 05:45 | CH | Unemployment Rate (Jul) | 5.25% | 2.50% | |
| 05:45 | CH | Unemployment Rate s.a. (Jul) | 2.7% | 2.7% | ||
| 06:00 | DE | Current Account (Jun) | 12.0 | 9.6B | ||
| 06:00 | DE | Trade Balance (Jun) | 17.8 | 17.5B | ||