Thursday, Sep 06, 16:52 GMT
ASIA-PACIFIC Trading Newsletter
To Get Started
- The Advisor Weblog: USD under pressure ... for how long?
- TRENDEX: Real−time market comments and trading tips. Get your Trial Account now!
- The Brokers (re) Evolution: NFA New Regulation
- SPECIAL EVENT: Trade Non−Farm Payrolls LIVE on Fri, Sep 7 2007, 12:00 GMT
- Millionaire Traders: The new book by Kathy Lien & Boris Schlossberg
- FXstreet.com 1st International Traders Conference − Come and meet our renowned Speakers
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Live Sessions Schedule
SPECIAL EVENT: Trade Non−Farm Payrolls LIVE − 16th Edition
Expert: Wayne McDonell
Start: Fri, Sep 7, 12:00 GMT
Sponsored by: 
Type of Session: Webinar
What Moves Currencies? − Preview of the Week Ahead
Expert: Tony Juste
Start: Mon, Sep 10, 10:00 GMT
Sponsored by: 
Type of Session: Webinar
| Sponsored by | ||||
| Thu, Sep 6, 18:00 GMT | Live Look at Today's Markets  | Derek Frey | WBN |  |
| Fri, Sep 7, 12:00 GMT | SPECIAL EVENT: Trade Non−Farm Payrolls LIVE − 16th Edition | Wayne McDonell | WBN | |
| Mon, Sep 10, 09:00 GMT | Asia−Pacific trading Webinar | Abdul Khan | WBN |  |
| Mon, Sep 10, 10:00 GMT | What Moves Currencies? − Preview of the Week Ahead | Tony Juste | WBN | |
| Mon, Sep 10, 12:00 GMT | Strategies for Long Term Profits in the Forex | John Jagerson | WBN | |
Current Session: U.S.
EUR/USD
Mid−Day Forex Technical Report − Euro in Range, Sterling Retreats after Central Banks on Hold by ActionForex.com
EUR/USD turns into consolidation in tight range into US session, after ECB kept rates unchanged at 4.00%. Nevertheless, further rise is still in favor as long as 1.3599 minor support holds.
- Oracle Call − EUR/USD by Tony Juste
- 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:
Daily Forex Forecast by FXDream
Daily Trading Strategy − G10 problems by MVDForex
FX Thoughts for the Day − FX Thoughts for the day − Evening − 06−Sep−2007....1140 GMT by Kshitij Consultancy Service
Currencies at a Glance
- EUR/USD
- Trades around first resistant level 1.3688
09/06/2007 16:02 GMT - GBP/USD
- Trades below first resistant level 2.0267
09/06/2007 16:02 GMT - USD/CHF
- Trades above first support level 1.1992
09/06/2007 16:03 GMT - USD/JPY
- Continues to trade around opening price level 115.28 , below pivot level 115.58
09/06/2007 16:03 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
Germany INDUSTRIAL PRODUCTION S.A.
| Date (GMT) | Event | Cons. | Previous | |
| Sep 7 | 10:00 | Industrial Production s.a. w.d.a. (YoY) | 4.9% | 5.1% |
| Sep 7 | 10:00 | Industrial Production s.a. (MoM) | 0.9% | -0.4% |
EMU economic indicators - German output in the producing sector by BHF−Bank
However, July output in the German producing sector probably remained at its June level, given that German industrial new orders shot up twice.
[ Full Story ]Top Market Movers Review
US ISM NON−MANUFACTURING
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Sep 6 | 14:00 | ISM Non−Manufacturing | 55.8 | 54.5 | 55.8 |
DATA SNAP: ISM Non−Mfg Index Shows Unchanged Growth In August (Dow Jones)
Non−manufacturing activity in the U.S. grew at the same pace in August as the prior month, a report said Thursday, although there was a decline in several key components.
[ Full Story ]- Read the August 2007 Non−Manufacturing ISM Report On Business at ISM
- U.S. ISM Business Index, flat at 55.8 in August (FXstreet.com)
- US ISM Non−Manufacturing flat at 55.8 in Aug (FXstreet.com)
US economic indicators - ISM indices are likely to have fallen again in August by BHF−Bank
US NONFARM PRODUCTIVITY
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Sep 6 | 12:30 | Nonfarm Productivity | 2.6% | 2.3% | 0.7% |
Non−farm productivity picks up in the 2Q in U.S (FXstreet.com)
U.S non−farm productivity has grown at a fastest than expected pace in the second quarter of the year and labour costs have decreased, according to data by the Labour Department.
[ Full Story ]- US Q2 productivity up 2.6 pct, unit labor costs up 1.4 pct (Thomson Financial News)
- Table Of Productivity Data From Labor Dept. (Dow Jones)
- DATA SNAP: US 2Q Productivity Rebounds, Labor Costs Ease (Dow Jones)
EMU ECB INTEREST RATE DECISION
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Sep 6 | 11:45 | ECB Interest Rate Decision | 4% | 4% | 4% |
| Sep 6 | 11:00 | BoE Interest Rate Decision | 5.75% | 5.75% | 5.75% |
ECB and BoE meeting Review by FXstreet.com
As it was expected ECB as well as BoE, have both left their interest rate unchanged at 4% and 5.75% respectively.
- Read the Monetary Policy Decision at ECB
- ECB leaves rates unchanged (Thomson Financial News)
- The ECB keeps Refi Rate on hold at 4% (FXstreet.com)
- EU ECB leaves Interest Rate unchanged at 4% (FXstreet.com)
- Tony Juste, FX Advisor at FXstreet.com: "The Euro rises as the the European Central Bank said Wednesday that euro money market volatility has increased and it may take action Thursday to 'contribute to orderly conditions'." − FXstreet.com
Economic Events
| Date (GMT) | Country | Event | Actual | Cons. | Previous | |
| Sep 6 | 14:00 | US | ISM Non−Manufacturing (Aug) | 55.8 | 54.5 | 55.8 |
| 14:00 | CA | Ivey Purchasing Managers Index (Aug) | 58.5 | 57.0 | 54.6 | |
| 23:01 | UK | NIESR GDP Estimate (QoQ) (Aug) | 0.8% | |||
| Sep 7 | 05:00 | JP | Leading Economic Index (Jul) | 70.0 | 72.7 | |
| 06:00 | DE | Trade Balance (Jul) | 15.6B | 16.5B | ||
| 10:00 | DE | Industrial Production s.a. (MoM) (Jul) | 0.9% | -0.4% | ||
| 10:00 | DE | Industrial Production s.a. w.d.a. (YoY) (Jul) | 4.9% | 5.1% | ||