Monday, Nov 05, 16:50 GMT
ASIA-PACIFIC Trading Newsletter
To Get Started
- The Advisor Weblog: At the Close. Confusion
- Get FXstreet's Economic Calendar for your own site
- NFA New Regulation − US FDM's under major threat?
- For beginners: An Introduction to Foreign Currencies in the Education section
- Missed the ITC? Check out the image coverage we made!
Note that our messages might be blocked by anti-spam filters so please add newsletter@fxstreet.com or our domain (fxstreet.com) to your address book.
FEATURED POSTS IN THE FORUM
Share your Money Management techniques with Tony Juste
Explore in depth the possibilities that the money management solutions offer to your trading. Post all your thoughts, techniques, systems, methodologies and comments that you think could be useful to others.
[ Full Story ]Discuss your trading plan with Rob Booker
Post your notecard trading plan during this month and win Rob Booker's latest book 'Adventures of a Currency Trader'.
Live Sessions Schedule
Outlook for the major currencies this week
Expert: Ian Copsey
Start: Tue, Nov 6, 09:00 GMT
Sponsored by: 
Type of Session: Webinar
What Moves Currencies? − A Look at the Majors
Expert: Tony Juste
Start: Tue, Nov 6, 11:00 GMT
Sponsored by: 
Type of Session: Webinar
| Sponsored by | ||||
| Mon, Nov 5, 17:00 GMT | Day−Trading Economic Numbers in the Forex Market | Adam Rosen | WBN |  |
| Tue, Nov 6, 09:00 GMT | Outlook for the major currencies this week | Ian Copsey | WBN | |
| Tue, Nov 6, 11:00 GMT | What Moves Currencies? − A Look at the Majors | Tony Juste | WBN | |
| Tue, Nov 6, 12:00 GMT | FX Instructor Live Trading Room | Sunil Mangwani | WBN |  |
| Tue, Nov 6, 13:00 GMT | US Pre−Market Open  | Ed Ponsi | WBN | |
Current Session: U.S.
USD/JPY
Mid−Day Forex Technical Report − Yen Higher on Risk Aversion, Dollar Steady after ISM Services by ActionForex.com
USD/JPY dips lower as expected. At this point, intraday bias remains on the downside as long as 114.80 minor resistance holds and retest of 113.23 low should be seen. Break will confirm fall from 117.93 has resumed for 111.59. On the upside, above 114.80 will turn intraday outlook consolidative first. Since corrective rebound from 113.23 should have already completed at 115.91, further decline is still expected after consolidation.
- Read the latest comments on Major crosses 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:
Market Session Recaps − London Session by FOREX.com
Forex Technical Report − Forex Technical Report USD/JPY by iFOREX.bg
FX Thoughts for the Day − FX Thoughts for the day − Evening − 05−Nov−2007....1158 GMT by Kshitij Consultancy Service
Currencies at a Glance
- EUR/USD
- Moves down below pivot level 1.4484
11/05/2007 16:36 GMT - GBP/USD
- Moves down below first support level 2.0805
11/05/2007 16:36 GMT - USD/CHF
- Moves up back above pivot level 1.1535
11/05/2007 16:37 GMT - USD/JPY
- Moves up back above first support level 114.34
11/05/2007 16:37 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
Germany FACTORY ORDERS S.A.
| Date (GMT) | Event | Cons. | Previous | |
| Nov 6 | 11:00 | Factory Orders s.a. (MoM) | 0.0% | 1.2% |
| Nov 6 | 11:00 | Factory Orders n.s.a. (YoY) | 6.5% | 4.0% |
EMU economic indicators - German industrial new orders and output in the producing sector probably deteriorated in September by BHF−Bank
Having soared previously, German industrial new orders and output in the German producing sector probably suffered setbacks in September, as most of the correlated indicators have deteriorated.
[ Full Story ]Top Market Movers Review
US ISM NON−MANUFACTURING
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Nov 5 | 15:00 | ISM Non−Manufacturing | 55.8 | 54.0 | 54.8 |
DATA SNAP/ISM Non−Mfg: Service Sector Growth Picks Up In Oct (Dow Jones)
The U.S. service sector showed no ill effects from the recent financial market troubles in October, growing at a faster pace than expected last month. The Institute for Supply Management reported Monday its non−manufacturing index moved to a reading of 55.8 in October from 54.8 in September.
[ Full Story ]- Read the October Non−Manufacturing ISM Report On Business® at ISM Institute
- UPDATE: ISM Service Sector Growth Picks Up In October (Dow Jones)
- Service sector grew in Oct., survey says (Thomson Financial News)
- ISM Oct services index 55.8 vs 54.0 expected (Thomson Financial News)
US economic indicators - ISM non−manufacturing index could have declined again markedly in October by BHF−Bank
Economic Events
| Date (GMT) | Country | Event | Actual | Cons. | Previous | |
| Nov 5 | 14:00 | US | Fed's Mishkin speaks at Risk Conference | |||
| 15:00 | US | ISM Non−Manufacturing (Oct) | 55.8 | 54.0 | 54.8 |
|
| 17:00 | US | Fed's Kroszner speaks on Subprime Mortgages | ||||
| Nov 6 | 00:01 | UK | NIESR GDP Estimate (QoQ) (Oct) | 0.7% | ||
| 02:00 | NZ | ANZ Commodity Price (Oct) | 0.4% | |||
| 05:00 | JP | Coincident Index (Sep)  | 66.7% | 1.0% | ||
| 05:00 | JP | Leading Economic Index (Sep) | 0.0 | 27.3 | ||