Wednesday, Oct 03, 16:00 GMT
ASIA-PACIFIC Trading Newsletter
To Get Started
- The Advisor Weblog: At the Close. EUR is on the edge
- SPECIAL EVENT: Trade Non−Farm Payrolls LIVE with Wayne McDonell
- NEW Webinars Video - Access now Educational Sessions Recordings
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The Brokers (re) Evolution: NFA Regulation
Oct 1, 15:51 GMTChristian Frahm at Saxo Bank A/S: "NFA regulatory changes strengthens the credibility of our industry" by FXstreet.com
"As soon as regulations kicked in, the market space changed from 600 unlicensed brokers to less than 100 licensed brokers. The clients benefited from the comfort of being serviced by a licensed counterpart and as a whole the industry benefited from a more professional service offering in margin FX."
Live Sessions Schedule
How to Intraday Trade Volatile Markets Using the ADX
Expert: Matt Kirk
Start: Thu, Oct 4, 09:00 GMT
Sponsored by: 
Type of Session: Webinar
What Moves Currencies? − Preview of ECB and BoE
Expert: Tony Juste
Start: Thu, Oct 4, 10:00 GMT
Sponsored by: 
Type of Session: Webinar
| Sponsored by | ||||
| Wed, Oct 3, 18:00 GMT | Live Look at Today's Markets  | Derek Frey | WBN |  |
| Thu, Oct 4, 09:00 GMT | How to Intraday Trade Volatile Markets Using the ADX | Matt Kirk | WBN | |
| Thu, Oct 4, 10:00 GMT | What Moves Currencies? − Preview of ECB and BoE | Tony Juste | WBN | |
| Thu, Oct 4, 14:15 GMT | Technical Analysis Q&A | Tony Juste | WBN | |
| Thu, Oct 4, 15:00 GMT | How to Get Started Trading Forex | Steve Primo | WBN | |
USD/JPY
Mid−Day Forex Technical Report − Dollar Steady after ADP Employment, Yen Weakens Broadly by ActionForex.com
USD/JPY strengthens today with a break above inner falling trend line as well ass 116.36 resistance. The whole corrective from that started from 111.59 could have resumed. At this point, intraday bias will stay on the upside as long as 115.54 support.
- The USD moves away from the bearish signals for now at Tony Juste's blog
- New Webinars Video − Access now Educational Sessions Recordings
- 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 Technical Strategist − EURUSD: Corrective Pullback Remains In Place by FXTechstrategy
FX Thoughts for the Day − FX Thoughts for the Day by Kshitij Consultancy Service
Currencies at a Glance
- EUR/USD
- Continues to move down toward first support level 1.4116
10/03/2007 15:48 GMT - GBP/USD
- Trades below first support level 2.0375
10/03/2007 15:49 GMT - USD/CHF
- Continues to move up above first resistant level 1.1792
10/03/2007 15:49 GMT - USD/JPY
- Continues to move up above third resistant level 116.77
10/03/2007 15:49 GMT
Analyst Sentiment Index (ASI)
Analysts Sentiment Index - EUR/USD
**Source : ActionForex.com, CMS Forex, Danske Bank A/S, FXstreet.com, Global Forex Trading, Mizuho Corporate Bank
[ View ASI page ] [ View EUR/USD page ]
Charting the Market Movers
GBP USD, Hourly
USD JPY, Hourly
Top Market Movers Preview
UK BOE INTEREST RATE DECISION
| Date (GMT) | Event | Cons. | Previous | |
| Oct 4 | 11:00 | BoE Interest Rate Decision | 5.75% | 5.75% |
Friday Notes - Ailing USD hurts sentiment by HVB Group
The BoE is likely to leave the repo rate on hold. The September minutes, as well as several remarks from MPC members, showed that the BoE, though it has definitely dropped its tightening bias, still sees the impact of the ongoing financial crisis on the economy as unclear. However, the fact that, earlier this week, the BoE Credit Conditions Survey showed that credit supply to companies will be significantly reduced in Q4 increases the chances that BoE could be forced to cut rates.
[ Full Story ]Top Market Movers Review
US ISM NON−MANUFACTURING
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Oct 3 | 14:00 | ISM Non−Manufacturing | 54.8 | 55.0 | 55.8 |
U.S. ISM services index decreases to 54.8 in September (FXstreet.com)
U.S. services sector continued growing in September although at a slower pace than in August, as The ISM non−manufacturing business index has dropped to 54.8 from the 55.8 level posted in August, according to the latest report published by the Institute for Supply Management.
[ Full Story ]- Read the September 2007 Non−Manufacturing ISM Report On Business report at ISM
- US ISM September services index down at 54.8 vs 54.5 expected UPDATE (Thomson Financial News)
- DATA SNAP/ISM Non−Manufacturing: Service Sector Growth Slows In Sep (Dow Jones)
- Service sector growth slowed in Sept. (Thomson Financial News)
US ADP EMPLOYMENT CHANGE
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Oct 3 | 12:15 | ADP Employment Change | 58 | - | 27K |
ADP employment report forecasts 58,000 new non farm payrolls in September (FXstreet.com)
Non farm employment has increased in 58,000 new payrolls from August to September according to the ADP National Employment Report, while August's figures have been revised down to 27,000 from the initial 38,000.
[ Full Story ]- Read the Analysis of September's report at ADP
- US September ADP private payrolls up 58,000 UPDATE (Thomson Financial News)
- ADP−Macroeconomic Advisers See Sep Payrolls +58,000 (Dow Jones)
- US September ADP private payrolls up 58,000 (Thomson Financial News)
Economic Events
| Date (GMT) | Country | Event | Actual | Cons. | Previous | |
| Oct 3 | 14:00 | US | ISM Non−Manufacturing (Sep) | 54.8 | 55.0 | 55.8 |
| 14:30 | US | EIA Crude Oil Stocks | 1.2M | 1.8M | ||
| Oct 4 | 11:00 | UK | BoE Interest Rate Decision | 5.75% | 5.75% | |
| 11:45 | EMU | ECB Interest Rate Decision | 4% | 4% | ||
| 12:00 | CA | Building Permits (MoM) (Aug) | 1.6% | -11.3% | ||
| 12:30 | EMU | ECB's Trichet Speaks | ||||
| 12:30 | US | Initial Jobless Claims (Sep 28) | 315 | 298K |
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