Wednesday, Dec 05, 16:51 GMT
ASIA-PACIFIC Trading Newsletter
To Get Started
- The Advisor Weblog: At the Close. Cold as ice
- NEW Webinar Video: Building a Trading System in the Forex by John Jagerson
- Special Webinar: Trade Non−Farm Payrolls Live with Wayne McDonell − Dec. 7
- ECB and BoE − Preview of Dec 6 meeting by FXstreet.com
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Live Sessions Schedule
Live Look at Today's Markets
Expert: Derek Frey
Start: Wed, Dec 5, 18:00 GMT
Sponsored by: 
Type of Session: Webinar
What Moves Currencies? − Preview of the ECB Rate Decision
Expert: Tony Juste
Start: Thu, Dec 6, 11:00 GMT
Sponsored by: 
Type of Session: Webinar
| Sponsored by | ||||
| Wed, Dec 5, 17:00 GMT | How to trade fundamental news  | Valeria Bednarik | WBN |  |
| Wed, Dec 5, 18:00 GMT | Live Look at Today's Markets | Derek Frey | WBN | |
| Thu, Dec 6, 11:00 GMT | What Moves Currencies? − Preview of the ECB Rate Decision | Tony Juste | WBN | |
| Thu, Dec 6, 13:00 GMT | US Pre−Market Open | Ed Ponsi | WBN | |
| Thu, Dec 6, 14:30 GMT | Weekly Technical Briefing | Dan Blystone | WBN | |
Current Session: U.S.
GBP/USD
Market Session Recaps − London Session by FOREX.com
GBPUSD was sold down to 2.0400, a full 150 pips from pre−data levels. At this time, the important November UK PMI Services index was released. Again, the market was greeted with a weaker−than−expected result (51.9 vs. 52.9 consensus). In a climactic sell off to a low near 2.0350, Cable had forfeited 200 pips in only 90 minutes. Mercifully, sellers relented and the pair found a home in the 2.0350−00 range.
- Technical Trigger: GBP/USD 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:
Mid−Day Forex Technical Report − Dollar Firm after Strong ADP, Sterling Tumbles ahead of BoE by ActionForex.com
Forex Technical Report − Forex Technical Report USD/JPY by iFOREX.bg
Daily Technical Strategist − EURUSD: Closes Higher, May Struggle Within Its Rising Channel by FXTechstrategy
Currencies at a Glance
- EUR/USD
- Trades below first support level 1.4674
12/05/2007 16:25 GMT - GBP/USD
- Continues to move down below 2.0300 , below third support level 2.0431
12/05/2007 16:26 GMT - USD/CHF
- Continues to move up toward first resistant level 1.1269
12/05/2007 16:26 GMT - USD/JPY
- Continues to move up above second resistant level 110.96
12/05/2007 16:27 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
EUR USD, Hourly
Top Market Movers Preview
UK INDUSTRIAL PRODUCTION
| Date (GMT) | Event | Cons. | Previous | |
| Dec 6 | 09:30 | Industrial Production (YoY) | 0.7% | -0.2% |
| Dec 6 | 09:30 | Industrial Production (MoM) | 0.2% | -0.4% |
Friday Notes - Outlook 2008 – Gloom but no Doom by HVB Group
After a disappointing September reading, we expect industrial production growth to remain sluggish in the months to come, consistent with the deterioration in the manufacturing PMI.
[ Full Story ]Top Market Movers Review
US ISM NON−MANUFACTURING
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Dec 5 | 15:00 | ISM Non−Manufacturing | 54.1 | 55.0 | 55.8 |
DATA SNAP/ISM Non−Manufacturing: Services Grow More Slowly In Nov (Dow Jones)
Growth in the broad swath of the economy outside the manufacturing sector cooled in November, amid an uptick in price pressures.
[ Full Story ]- Read the November Non−Manufacturing ISM Report at ISM
- Service sector expands further in Nov. (Thomson Financial News)
- UPDATE: Service Sector Markets Slower Growth In November (Dow Jones)
- ISM November services index falls to 54.1 vs 54.8 expected UPDATE (Thomson Financial News)
Forex Trading Strategies - US ISM Non−manufacturing data on tap today by Saxo Bank
US economic indicators - Both ISM indices are likely to have weakened in November by BHF−Bank
US ADP EMPLOYMENT CHANGE
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Dec 5 | 13:15 | ADP Employment Change | 189K | 53K | 119 |
Daily Fx Strategy - ADP Strengthens Dollar Bounce by CMC Markets
Dollar extends gains after the Automatic Data Processing (ADP) report on private payrolls showed an unexpectedly strong 189K increase in November, following expectations of a 50k increase.
[ Full Story ]- Read full ADP National Employment Report
- Dollar Re−energized By Positive Pvt Jobs Report, Up Vs Euro (Dow Jones)
- Forex − Dollar enjoys further gains from strong ADP jobs forecast (Thomson Financial News)
- UPDATE: ADP Sees Nov US Private Sector Jobs +189,000 (Dow Jones)
Mid−Day Forex Technical Report − Dollar Firm after Strong ADP, Sterling Tumbles ahead of BoE by ActionForex.com
Economic Events
| Date (GMT) | Country | Event | Actual | Cons. | Previous | |
| Dec 5 | 15:00 | US | Factory Orders (Oct) | 0.5% | 0.0% | 0.3% |
| 15:00 | US | ISM Non−Manufacturing (Nov) | 54.1 | 55.0 | 55.8 | |
| 20:00 | NZ | RBNZ Interest Rate Decision | 8.25% | 8.25% | ||
| Dec 6 | 05:00 | JP | Coincident Index  | 66.7% | 60.0% | |
| 05:00 | JP | Leading Economic Index (Oct) | 20 | 0 | ||
| 06:00 | JP | Machine Tool Orders (YoY) (Nov) | 16.1 | |||
| 06:45 | CH | Unemployment Rate (Nov) | 2.6% | 2.6% | ||