Thursday, Jan 02, 18:58 GMT
ASIA-PACIFIC Trading Newsletter
To Get Started
- Webinars VIDEOS: Go to our Transcripts section and watch our archived live sessions
- Improve your trading with our Trading Tools
- Financials, Indices, Metals and Energies on the Futures Section
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.
Live Sessions Schedule
SPECIAL EVENT: Trade Non−Farm Payrolls LIVE − 20th Edition
Expert: Wayne McDonell
Start: Fri, Jan 4, 13:00 GMT
Sponsored by: 
Type of Session: Webinar
| Sponsored by | ||||
| Thu, Jan 3, 13:00 GMT | US Pre−Market Open  | Ed Ponsi | WBN |  |
| Thu, Jan 3, 14:30 GMT | Weekly Technical Briefing | Dan Blystone | WBN | |
| Thu, Jan 3, 16:00 GMT | How to Get Started Trading Forex | Steve Primo | WBN | |
| Thu, Jan 3, 18:00 GMT | Live Look at Today's Markets | Derek Frey | WBN |  |
| Fri, Jan 4, 13:00 GMT | SPECIAL EVENT: Trade Non−Farm Payrolls LIVE − 20th Edition | Wayne McDonell | WBN | |
Current Session: U.S.
EUR/USD
Daily Forex Technical Report − Dollar Remains Pressured, Employment Data Eyed by ActionForex.com
EUR/USD's rebound from is still limited by mentioned 1.4747/4750 resistance zone, without confirming resumption of the rise from 1.4310 yet. Nevertheless, intraday bias remains mildly on the upside as long as 1.4643 minor support holds. As discussed before, break of 1.4750 resistance will firstly indicate that such rise from 1.4310 has resumed.
- JPY crosses collapse by Tony Juste
- 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
Other Topics for this Session:
Daily Technical Analysis − Decent resistance at 1.4750 has capped the Euro by Mizuho Corporate Bank
Daily Forex Strategy Briefing − Dollar Falls on Fed Rate Cut Speculations by CMS Forex
Daily Market Commentary − The dollar slumped on the first trading day of 2008 on news by Global Forex Trading
Currencies at a Glance
- EUR/USD
- Continues to trade around opening price level 1.4713 , above pivot level 1.4684
01/03/2008 07:54 GMT - GBP/USD
- Moves down below pivot level 1.9826
01/03/2008 07:55 GMT - USD/CHF
- Trades below opening price level 1.1192 , below pivot level 1.1225
01/03/2008 07:55 GMT - USD/JPY
- Trades below opening price level 109.63 , below pivot level 110.37
01/03/2008 07:55 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
EUR USD, Hourly
Top Market Movers Preview
US ADP EMPLOYMENT CHANGE
| Date (GMT) | Event | Cons. | Previous | |
| Jan 3 | 13:15 | ADP Employment Change | 50K | 189K |
Daily Market Briefing - US Dollar Falls as Traders Consider 50bp Rate Cut for January by FXCM
Tomorrow, we turn our focus to the leading indicators for non−farm payrolls. Even though the current forecast is for weaker job growth, surprises in the Challenger layoffs report, jobless claims and the ADP employment report could shift expectations.
[ Full Story ]Top Market Movers Review
US FOMC MINUTES
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Jan 2 | 19:00 | FOMC Minutes | - | - | - |
Daily Forex Technical Report − Dollar Back Under Pressure, ISM and FOMC Minutes to Start 2008 by ActionForex.com
Another main focus today will be FOMC minutes for Dec 11 meeting, where Fed disappointed the markets by cutting the federal funds rate by 25 bps to 4.25% only. In addition, the discount rate was also cut by 25 bps only comparing to the widely expected 50bps cut.
[ Full Story ]- Dollar mixed in first trading day of '08 (Thomson Financial News)
- Dollar mixed in first trading day of '08 (Thomson Financial News)
US ISM MANUFACTURING
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Jan 2 | 15:00 | ISM Manufacturing | 47.7 | 50.5 | 50.8 |
US Manufacturing activity decreases in December (FXstreet.com)
Manufacturing activity has decreased in the US in December, for the first time in the last ten months, according to the latest Manufacturing ISM report.
[ Full Story ]- Read the December 2007 Manufacturing ISM Report On Business report at ISM
- U.S. manufacturing sector contracts (Thomson Financial News)
- US December ISM manufacturing index 47.7 vs 50.9 expected UPDATE (Thomson Financial News)
- US Manufacturing falls in December to its lowest level in four years (FXstreet.com)
Daily Market Briefing - How Big of a Loser Was the US Dollar in 2007? by FXCM
Economic Events
| Date (GMT) | Country | Event | Actual | Cons. | Previous | |
| Jan 3 | 08:30 | CH | SVME − Purchasing Managers' Index (Dec) | 61.3 | 61.5 | 63.4 |
| 08:55 | DE | Unemployment Rate s.a. (Dec) | 8.5% | 8.6% | ||
| 09:00 | EMU | M3 (YoY) (Nov) | 12.2% | 12.3% | ||
| 09:30 | UK | PMI Construction (Dec) | 53.5 | 54.3 | ||
| 13:15 | US | ADP Employment Change (Dec) | 50K | 189K | ||
| 13:30 | US | Continuing Jobless Claims (Dec 22) | 2713 | |||
| 13:30 | US | Initial Jobless Claims (Dec 29) | 345K | 349K | ||