Monday, Dec 03, 17:36 GMT
ASIA-PACIFIC Trading Newsletter
To Get Started
- The Advisor Weblog: At the close. Things (can only) get better
- NEW Webinar Video: Supply and Demand Trading with Mechanical Indicators and Oscillators in the Forex Markets by Sam Seiden
- Special Webinar: Trade Non−Farm Payrolls Live with Wayne McDonell − Dec. 7
- Improve your trading with our Trading Tools
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Live Sessions Schedule
Outlook for the major currencies this week
Expert: Ian Copsey
Start: Tue, Dec 4, 09:00 GMT
Sponsored by: 
Type of Session: Webinar
What Moves Currencies? − EUR Watch
Expert: Tony Juste
Start: Tue, Dec 4, 11:00 GMT
Sponsored by: 
Type of Session: Webinar
| Sponsored by | ||||
| Mon, Dec 3, 17:00 GMT | Trading with the RSI indicator | Adam Rosen | WBN |  |
| Tue, Dec 4, 09:00 GMT | Outlook for the major currencies this week | Ian Copsey | WBN | |
| Tue, Dec 4, 11:00 GMT | What Moves Currencies? − EUR Watch | Tony Juste | WBN | |
| Tue, Dec 4, 12:00 GMT | FX Instructor Live Trading Room | Sunil Mangwani | WBN |  |
| Tue, Dec 4, 13:00 GMT | US Pre−Market Open  | Ed Ponsi | WBN | |
Current Session: U.S.
EUR/JPY
Mid−Day Forex Technical Report − Dollar Mixed after ISM, Yen Mildly Higher by ActionForex.com
EUR/JPY's fall from 164.84 continues today and is now pressing 161.56 support. Intraday bias is mildly on the downside for a retest of 158.67 support. Also, as discussed before, 164.26/30 cluster resistance (61.8% retracement of 167.62 to 158.67 at 164.26) remains intact and EUR/JPY still struggling to take out 55 days EMA decisively.
- Extreme OB/OS levels at this hour 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:
Forex Daily Analysis − 03/12/'07 − Reversal on the way?! by ForexYard
Daily Forex Forecast − EUR/JPY: The Cross has fallen below 162.00 important Support by FXDream
Market Session Recaps − London Session by FOREX.com
Currencies at a Glance
- EUR/USD
- Continues to trade below pivot level 1.4681
12/03/2007 16:21 GMT - GBP/USD
- Continues to move up above first resistant level 2.0664
12/03/2007 16:21 GMT - USD/CHF
- Continues to trade above pivot level 1.1268
12/03/2007 16:22 GMT - USD/JPY
- Continues to trade below pivot level 110.69
12/03/2007 16:22 GMT
Analyst Sentiment Index (ASI)
Analysts Sentiment Index - EUR/USD
**Source : ActionForex.com, Aspen Trading Group, 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
EMU PRODUCER PRICE INDEX
| Date (GMT) | Event | Cons. | Previous | |
| Dec 4 | 10:00 | Producer Price Index (MoM) | 0.4% | 0.4% |
| Dec 4 | 10:00 | Producer Price Index (YoY) | 3.0% | 2.7% |
EMU economic indicators - German industrial new orders and output in the producing sector probably deteriorated in October by BHF−Bank
[ Full Story ]- Tony Juste, FX Advisor at FXstreet.com: "Producer Prices are still rising, showing a dangerous trend as consumption continues to slow while prices keep on scaling higher. If that is confirmed by the PPI again, the ECB will have a tough task in calling for a rate decision in its next meeting." − FXstreet.com
Top Market Movers Review
US ISM MANUFACTURING
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Dec 3 | 15:00 | ISM Manufacturing | 50.8 | 50.5 | 50.9 |
US Manufacturing ISM remains steady in November (FXstreet.com)
Activity in the US manufacturing sector has expanded slightly in November, practically at the same pace as it did in the previous month, which makes its tenth consecutive increase, according to the latest ISM report.
[ Full Story ]- Read the November 2007 Manufacturing Report On Business at ISM
- Manufacturing sector grew in November (Thomson Financial News)
- UPDATE:DATA SNAP/ISM Mfg:US Nov Business Index 50.8;Oct 50.9 (Dow Jones)
- US Nov ISM manufacturing index 50.8, showing continued growth (Thomson Financial News)
US economic indicators - Both ISM indices are likely to have weakened in November by BHF−Bank
Friday Notes - Outlook 2008 – Gloom but no Doom by HVB Group
Economic Events
| Date (GMT) | Country | Event | Actual | Cons. | Previous | |
| Dec 3 | 15:00 | US | ISM Manufacturing (Nov) | 50.8 | 50.5 | 50.9 |
| Dec 4 | 00:00 | UK | BRC Retail Sales Monitor − All (YoY) (Nov) | 1% | ||
| 00:30 | AU | Building Permits (MoM) (Oct) | -2.0% | 6.8% | ||
| 00:30 | AU | Building Permits (YoY) (Oct) | 5.3% | 4.2% | ||
| 00:30 | AU | Retail Sales (MoM) (Oct) | 0.6% | 0.8% | ||
| 10:00 | EMU | Producer Price Index (MoM) (Oct) | 0.4% | 0.4% | ||
| 10:00 | EMU | Producer Price Index (YoY) (Oct) | 3.0% | 2.7% | ||