Wednesday, Aug 08, 16:52 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
- Fed Meeting Review by FXstreet.com
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Live Sessions Schedule
London Open: Live Market Analysis with FX Bootcamp
Expert: Wayne McDonell
Start: Thu, Aug 9, 08:00 GMT
Sponsored by: 
Type of Session: Webinar
How to Get Started Trading Forex
Expert: Steve Primo
Start: Thu, Aug 9, 15:00 GMT
Sponsored by: 
Type of Session: Webinar
| Sponsored by | ||||
| 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 |  |
| Thu, Aug 9, 08:00 GMT | London Open: Live Market Analysis with FX Bootcamp | Wayne McDonell | WBN | |
| Thu, Aug 9, 15:00 GMT | How to Get Started Trading Forex | Steve Primo | WBN | |
| Thu, Aug 9, 16:00 GMT | Trading with Tim Billups | Tim Billups | WBN |  |
Current Session: U.S.
GBP/USD
Mid−Day Forex Technical Report − Dollar Weakness Returns? by ActionForex.com
After drawing support from 55 days EMA at 2.0161 as earlier mentioned, cable rebound strongly. Break of 2.0337 suggest that the corrective fall from 2.0652 is possibly completed after drawing support from mentioned 2.0086/2.0206 support zone as expected.
- 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 − 6.00 pct. in the UK Should be for Certain by Saxo Bank
Daily Trading Strategy − JPY weak or technical correction? by MVDForex
Daily Outlook − GBP/USD: Confidence level − high by Karoll
Currencies at a Glance
- EUR/USD
- Trades around yesterday high 1.3815 , above first resistant level 1.3789
08/08/2007 16:14 GMT - GBP/USD
- Trades slightly below second resistant level 2.0391
08/08/2007 16:14 GMT - USD/CHF
- Trades below pivot level 1.1949
08/08/2007 16:18 GMT - USD/JPY
- Moves up above second resistant level 119.57
08/08/2007 16:19 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
US INITIAL JOBLESS CLAIMS
| Date (GMT) | Event | Cons. | Previous | |
| Aug 9 | 12:30 | Initial Jobless Claims | 310 | 307K |
Friday Notes - Weathering the storm by HVB Group
There has been little movement in initial claims for unemployment compensation in recent weeks, and that is not likely to change much over the coming weeks.
[ Full Story ]Top Market Movers Review
US WHOLESALE INVENTORIES
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Aug 8 | 14:00 | Wholesale Inventories | 0.5% | 0.4% | 0.5% |
DATA SNAP: US Wholesale Inventories Exceed Expectations (Dow Jones)
U.S. wholesalers saw their inventories increase during June at a rate higher than expected, while sales rose even faster, the government reported Wednesday. Wholesale inventories rose by 0.5% to a seasonally adjusted $398.49 billion.
[ Full Story ]- Read the Monthly wholesale trade at Commerce Department
- US June wholesale inventories up 0.5 pct, sales rise 0.6 pct (Thomson Financial News)
- U.S. wholesale inventories, slightly higher than expected (FXstreet.com)
- Ahead of the Bell: Wholesale Trade (Thomson Financial News)
US economic indicators - Productivity probably rose more strongly in Q2 by BHF−Bank
Economic Events
| Date (GMT) | Country | Event | Actual | Cons. | Previous | |
| Aug 8 | 14:00 | US | Wholesale Inventories (Jun) | 0.5% | 0.4% | 0.5% |
| 14:30 | US | EIA Crude Oil Stocks (Aug 3) | -4.1M | -6.5M | ||
| 22:45 | NZ | Unemployment Rate (2Q) | 3.7% | 3.8% | ||
| Aug 9 | 01:30 | AU | Unemployment Rate (Jul) | 4.4% | 4.3% | |
| 08:00 | EMU | ECB Publishes Monthly Report (Aug) | ||||
| 08:30 | UK | Total Trade Balance (Jun) | -3.900B | -3.511B | ||
| 12:30 | US | Initial Jobless Claims (Aug 4) | 310 | 307K | ||