Thursday, Nov 01, 17:19 GMT
ASIA-PACIFIC Trading Newsletter
To Get Started
- Forex Chat Room: Share your trading ideas and comments with fellow traders
- Long−term Forex Perspectives: Our new blog by John Jagerson and S. Wade Hansen
- Get FXstreet's Economic Calendar for your own site
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Live Sessions Schedule
Live Look at Today's Markets
Expert: Derek Frey
Start: Thu, Nov 1, 18:00 GMT
Sponsored by: 
Type of Session: Webinar
SPECIAL EVENT: Trade Non−Farm Payrolls LIVE − 18th Edition
Expert: Wayne McDonell
Start: Fri, Nov 2, 12:00 GMT
Sponsored by: 
Type of Session: Webinar
| Sponsored by | ||||
| Thu, Nov 1, 18:00 GMT | Live Look at Today's Markets | Derek Frey | WBN | |
| Fri, Nov 2, 12:00 GMT | SPECIAL EVENT: Trade Non−Farm Payrolls LIVE − 18th Edition | Wayne McDonell | WBN | |
| Mon, Nov 5, 11:00 GMT | What Moves Currencies? − Preview of the Week Ahead | Tony Juste | WBN |  |
| Mon, Nov 5, 12:00 GMT | Weekly Webinar: 1st on Forex − The Week Ahead | Jerry Furst | WBN |  |
| Mon, Nov 5, 13:00 GMT | US Pre−Market Open  | Ed Ponsi | WBN |  |
Current Session: U.S.
USD/JPY
Mid−Day Forex Technical Report − Japanese Yen Rebounds Strongly as Stock Markets Tumble by ActionForex.com
Cable broke decisively through the resistance formed by the July 24th high at 2.0650 and even got above 2.0800 after the FOMC rate cut yesterday but is now trading just a few points lower. The pair's bullish bias prevails and a lot of traders in the market start looking at 2.1000 as the next major long target.
- EUR/JPY gains over 70 pips from out−of−bounds levels at Tony Juste's blog
- Long−term Forex Perspectives: Our new blog by John Jagerson and S. Wade Hansen
- 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 Outlook − GBP/USD: Very powerfull upside trend by Karoll
Daily Forex Forecast − Daily Forex Forecast by FXDream
Forex Technical Report − Forex Technical Report USD/JPY by iFOREX.bg
Currencies at a Glance
- EUR/USD
- Moves up around pivot level 1.4467
11/01/2007 16:30 GMT - GBP/USD
- Moves up above first resistant level 2.0866
11/01/2007 16:30 GMT - USD/CHF
- Moves down below pivot level 1.1589
11/01/2007 16:31 GMT - USD/JPY
- Moves up around pivot level 115.08
11/01/2007 16:31 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
US NONFARM PAYROLLS
| Date (GMT) | Event | Cons. | Previous | |
| Nov 2 | 12:30 | Nonfarm Payrolls | 80K | 110K |
Friday Notes - Fed: The first cut was the deepest by HVB Group
The spurt in weekly jobless claims took place during the survey week for the October employment report. Thus, we expect smaller net job creation than in prior months. The unemployment rate should be little changed, however. Average hourly earnings probably increased a moderate 0.3%, as in most recent months.
[ Full Story ]Top Market Movers Review
US ISM MANUFACTURING
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Nov 1 | 14:00 | ISM Manufacturing | 50.9 | 51.4 | 52.0 |
| Nov 1 | 14:00 | ISM Prices Paid | 63 | 64 | 59 |
US ISM posts weak expansion of manufacturing activity in October (FXstreet.com)
Manufacturing activity continued expanding in the United States during the month of October for the ninth consecutive month, although at the slowest pace since last March, with new orders and prices paid increasing and production index falling into contraction for the first time since January.
[ Full Story ]- Manufacturing ISM Report On Business by the Institute for Supply Managemant
- Manufacturing growth slows in Oct. (Thomson Financial News)
- US ISM Oct Mfg Business Index 50.9 (Dow Jones)
- Table of Data From U.S. ISM October Report (Dow Jones)
US INITIAL JOBLESS CLAIMS
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Nov 1 | 12:30 | Initial Jobless Claims | 327K | 330K | 331K |
US Jobless Claims −6K To 327K In Oct 27 Week; Survey −1K (Dow Jones)
The number of U.S. workers filing new claims for jobless benefits fell more than expected last week but the underlying trend worsened, suggesting sluggish growth in monthly employment.
[ Full Story ]- US Weekly Claims by the Labor Department
- US weekly jobless claims fall 6,000 to 327,000 vs 330,000 expected (Thomson Financial News)
US CORE PERSONAL CONSUMPTION EXPENDITURE
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Nov 1 | 12:30 | Core Personal Consumption Expenditure (MoM) | 0.2% | 0.2% | 0.1% |
| Nov 1 | 12:30 | Personal Spending | 0.3 | 0.4 | 0.6 |
| Nov 1 | 12:30 | Core Personal Consumption Expenditure (YoY) | 1.8% | 1.8% | 1.8% |
| Nov 1 | 12:30 | Personal Income | 0.4% | 0.4% | 0.4% |
US Personal Income keeps growing at a steady pace in September (FXstreet.com)
Personal income of American citizens has continued increasing at a steady pace in September, while their spending has grown at a slower pace than in August, according to the latest report by the Commerce Department.
[ Full Story ]- Personal Income and Outlays by the Commerce Department
- US Personal Income−STATS−Historical (Dow Jones)
- US September consumer spending up 0.3 pct, core PCE price index up 0.2 pct (Thomson Financial News)
- DATA SNAP: US Sep Personal Income Meets Expectations (Dow Jones)
UK CBI DISTRIBUTIVE TRADES SURVEY − REALIZED
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Nov 1 | 11:00 | CBI Distributive Trades Survey − Realized (MoM) | 10 | - | 12 |
UK CBI retail survey drops to +10 in October, weakest reading in 11 months (FXstreet.com)
Retail sales have decreased in the United Kingdom for the second consecutive month in October, as the CBI distributive trades survey has posted the weakest reading since November 2006, in a sign that the effects of the interest rate hikes are starting to affect retail trade.
[ Full Story ]- Distributive Trade Survey by The Confederation of British Industry
- UK Oct reported retail sales balance +10 pct, lowest since Nov 2006 − CBI (Thomson Financial News)
- DATA SNAP: UK CBI October Retail Sales Volume +10 Vs Sep +12 (Dow Jones)
Economic Events
| Date (GMT) | Country | Event | Actual | Cons. | Previous | |
| Nov 1 | 14:00 | US | ISM Manufacturing (Oct) | 50.9 | 51.4 | 52.0 |
| 14:00 | US | ISM Prices Paid (Oct) | 63 | 64 | 59 | |
| Nov 2 | 05:45 | CH | Consumer Price Index (YoY) (Oct) | 1.2% | 0.7% | |
| 06:45 | CH | Consumer Price Index (MoM) (Sep) | 0.8% | 0.1% | ||
| 08:55 | DE | PMI Manufacturing Index (Oct) | 53.5 | 54.9 | ||
| 09:00 | EMU | PMI Manufacturing Index (Oct) | 51.5 | 53.2 | ||
| 11:00 | CA | Net Change in Employment (Oct) | 12.0K | 51.1 | ||