Monday, Sep 03, 17:03 GMT
ASIA-PACIFIC Trading Newsletter
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Live Sessions Schedule
Outlook for the major currencies this week
Expert: Ian Copsey
Start: Tue, Sep 4, 09:00 GMT
Sponsored by: 
Type of Session: Webinar
What Moves Currencies?
Expert: Tony Juste
Start: Tue, Sep 4, 10:00 GMT
Sponsored by: 
Type of Session: Webinar
| Sponsored by | ||||
| Tue, Sep 4, 09:00 GMT | Outlook for the major currencies this week | Ian Copsey | WBN | |
| Tue, Sep 4, 10:00 GMT | What Moves Currencies? | Tony Juste | WBN | |
| Tue, Sep 4, 11:00 GMT | FX Instructor Live Trading Room | Sunil Mangwani | WBN |  |
| Tue, Sep 4, 12:00 GMT | US Pre−Market Open  | Ed Ponsi | WBN |  |
| Tue, Sep 4, 13:30 GMT | Forex with Ed Ponsi | Ed Ponsi | WBN | |
Current Session: U.S.
GBP/USD
Mid−Day Forex Technical Report − Consolidation Continues Despite Solid Data from Europe by ActionForex.com
Cable continues to stay in tight range below 2.0232 today. As discussed before, upside momentum is unconvincing as seen in possible bearish divergence conditions in 4 hours MACD and RSI.
- Tony Juste is finally back! Read his last weblog posts
- TRENDEX: Real−time market comments and trading tips. Get your Trial Account now!
- Check out how pairs moved: Live Currency Rates & Charts
- 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 − Will Bernanke Aid the Markets? by Saxo Bank
Forex Technical Analysis − EUR/USD:(1.3664) Correction from 1.3853 met 50% Retrace of rise from year low (1.3359) by KBC Bank
Dynamic Carry Basket − Carry Trade Basket Performance Update: 79 pips lost, $152 in Interest Received by FXCM
Currencies at a Glance
- EUR/USD
- Moves down toward first support level 1.3593
09/03/2007 16:19 GMT - GBP/USD
- Continues to trade around pivot level 2.0169
09/03/2007 16:19 GMT - USD/CHF
- Continues to move up above Friday's high 1.2088
09/03/2007 16:19 GMT - USD/JPY
- Trades below pivot level 115.96
09/03/2007 16:19 GMT
Analyst Sentiment Index (ASI)
Analysts Sentiment Index - EUR/USD
**Source : ActionForex.com, CMS Forex, Danske Bank A/S, FXstreet.com, Global Forex Trading Ltd. , Mizuho Corporate Bank
[ View ASI page ] [ View EUR/USD page ]
Charting the Market Movers
EUR USD, Hourly
USD JPY, Hourly
Top Market Movers Preview
EMU GROSS DOMESTIC PRODUCT S.A.
| Date (GMT) | Event | Cons. | Previous | |
| Sep 4 | 09:00 | Gross Domestic Product s.a. (QoQ) | 0.3% | 0.7% |
| Sep 4 | 09:00 | Producer Price Index (YoY) | 1.7% | 2.3% |
Friday Notes - ECB: Rate Hike Postponed For Now by HVB Group
Eurozone GDP growth in Q2 2007 fell below trend for the first time since late 2005. We suspect that fixed investment was the main area of weakness, mostly due to a (physiological) correction in construction.
[ Full Story ]Top Market Movers Review
UK PMI MANUFACTURING INDEX
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Sep 3 | 08:30 | PMI Manufacturing Index | 56.3 | 55.0 | 55.9 |
UK Aug Mfg PMI 56.3 Vs 55.9 In July − Sources (Dow Jones)
The purchasing managers index for the U.K.'s manufacturing sector surged to 56.3 in August from 55.9 in July, market sources said Monday. The data indicate that activity in the sector continued to expand at a robust pace and stronger than expected.
[ Full Story ]- UK PMI Manufacturing Index higher than expected in August (FXstreet.com)
- United Kingdom Aug PMI Manufacturing Index up to 56.3 (FXstreet.com)
Friday Notes - ECB: Rate Hike Postponed For Now by HVB Group
EMU PMI MANUFACTURING INDEX
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Sep 3 | 08:00 | PMI Manufacturing Index | 54.3 | 54.2 | 54.9 |
Euro−Zone August Mfg PMI 54.3 Vs 54.9 In July − Sources (Dow Jones)
The purchasing managers index for the euro zone's manufacturing sector fell to 54.3 in August from 54.9 in July, market sources saidMonday.
[ Full Story ]- Euro zone Aug manufacturing PMI revised up to 54.3 from 54.2 − sources (Thomson Financial News)
- Euro Zone PMI Manufacturing posted slightly better than expected in August (FXstreet.com)
- EU Aug PMI Manufacturing Index decreases to 54.3 vs 54.9 (FXstreet.com)
Economic Events
| Date (GMT) | Country | Event | Actual | Cons. | Previous | |
| Sep 4 | 09:00 | EMU | Gross Domestic Product s.a. (QoQ) (2Q) | 0.3% | 0.7% | |
| 09:00 | EMU | Gross Domestic Product s.a. (YoY) (2Q) | 2.5% | 2.5% | ||
| 09:00 | EMU | Producer Price Index (MoM) (Jul) | 0.1% | 0.1% | ||
| 09:00 | EMU | Producer Price Index (YoY) (Jul) | 1.7% | 2.3% | ||
| 14:00 | US | ISM Manufacturing (Aug) | 53.0 | 53.8 | ||
| 23:01 | UK | Nationwide Consumer Confidence (Aug) | 94 | 96 | ||
| 23:30 | AU | RBA Interest Rate Decision | 6.5% | 6.5% | ||