Friday, Jan 04, 16:25 GMT
ASIA-PACIFIC Trading Newsletter
To Get Started
- Webinars VIDEOS: Go to our Transcripts section and watch our archived live sessions
- What's to Come in The Year Ahead? Read the Special 2008 Outlook by Wachovia
- Financials, Indices, Metals and Energies on the Futures Section
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Live Sessions Schedule
What Moves Currencies? − Preview of the Week Ahead
Expert: Tony Juste
Start: Mon, Jan 7, 11:00 GMT
Sponsored by: 
Type of Session: Webinar
Weekly Webinar: 1st on Forex − The Week Ahead
Expert: Jerry Furst
Start: Mon, Jan 7, 12:00 GMT
Sponsored by: 
Type of Session: Webinar
| Sponsored by | ||||
| Mon, Jan 7, 11:00 GMT | What Moves Currencies? − Preview of the Week Ahead | Tony Juste | WBN | |
| Mon, Jan 7, 12:00 GMT | Weekly Webinar: 1st on Forex − The Week Ahead | Jerry Furst | WBN | |
| Mon, Jan 7, 15:00 GMT | Derek Frey's Outlook | Derek Frey | WBN |  |
| Mon, Jan 7, 16:00 GMT | Advanced Methods for Finding Dominant Trends in Forex Markets  | Steve Primo | WBN |  |
| Mon, Jan 7, 17:00 GMT | Day Trading Techniques | Chris Capre | WBN | |
Current Session: U.S.
EUR/USD
Mid−Day Forex Technical Report − Dollar Sold off after Weaker than Expected Non−Farm Payroll by ActionForex.com
EUR/USD's rally from 1.4310 resumes in early US session and surges to as high as 1.4822 so far. As discussed before, prior break of 1.4750 resistance confirms that corrective fall from 1.4966 has completed at 1.4310. Further rise is expected to be seen to retest 1.4966 high and 1.5 psychological resistance.
- EUR/USD hits trade target 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 Outlook − USD/JPY by Karoll
Free Trade Recommendations − EUR/JPY Trade Alert by Forex Gladiator
Market Session Recaps − London Session by FOREX.com
Currencies at a Glance
- EUR/USD
- Trades below first support level 1.4697
01/04/2008 16:08 GMT - GBP/USD
- Trades around pivot level 1.9751
01/04/2008 16:08 GMT - USD/CHF
- Trades around first support level 1.1076
01/04/2008 16:09 GMT - USD/JPY
- Trades around first support level 108.45
01/04/2008 16:10 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
UK BRC RETAIL SALES MONITOR − ALL
| Date (GMT) | Event | Cons. | Previous | |
| Jan 8 | 11:00 | BRC Retail Sales Monitor − All (YoY) | - | 1.2% |
OUTLOOK UK retail sales, manufacturing data to be overshadowed by BoE decision (Thomson Financial News)
The British Retail Consortium's December retail sales monitor will be one of the first surveys to give an encompassing snapshot of how the high street fared during December. Footfall surveys showed the number of people visiting shops during the whole month was down compared to a year ago and several retailers have issued downbeat trading statements, but there was evidence of a late rush of shoppers in the run up to Christmas and a strong start to the sales.
[ Full Story ]Top Market Movers Review
US ISM NON−MANUFACTURING
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Jan 4 | 15:00 | ISM Non−Manufacturing | 53.9 | 53.5 | 54.1 |
Dollar Gains Slightly Vs Euro After ISM Report (Dow Jones)
The dollar gained modestly against the euro Friday morning following the release of the Institute for Supply Management's December non−manufacturing business report.
[ Full Story ]- Read the November 2007 Non−Manufacturing ISM Report On Business report at ISM
- DATA SNAP/Non−Manufacturing ISM: US Service Sector Grows In December (Dow Jones)
- ISM Non Manufacturing Index declines slightly in December − UPDATE (FXstreet.com)
- ISM December services index 53.9 vs 53.8 expected (Thomson Financial News)
US NONFARM PAYROLLS
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Jan 4 | 13:30 | Nonfarm Payrolls | 18K | 70K | 115K |
| Jan 4 | 13:30 | Average Hourly Earnings (YoY) | 3.7% | 3.6% | 3.8% |
| Jan 4 | 13:30 | Average Hourly Earnings (MoM) | 0.4% | 0.3% | 0.5% |
| Jan 4 | 13:30 | Unemployment Rate | 5.0% | 4.8% | 4.7% |
| Jan 4 | 13:30 | Average Weekly Hours | 33.8 | 33.8 | 33.8 |
Dollar Hits Five−Week Low Vs Euro After US Payrolls Data (Dow Jones)
The dollar hit a five−week low against the euro and also fell sharply against the yen Friday after a key report showed U.S. jobs growth slowed last month and the unemployment rate rose.
[ Full Story ]- Read the Employment Situation Summary report at the US Department of Labor
- Odds of January rate cut increase after jobs data (Thomson Financial News)
- Metals − Gold climbs back towards historic highs as dollar falls on weak US data (Thomson Financial News)
- Yield on 10−year Treasury note hits 2 1/2−year low after jobs data (Thomson Financial News)
KBC News Picks - US: No additional negative suprises ahead of the Payrolls by KBC Bank
Sunrise Market Commentary: Currencies - Dollar pressure eases slightly ahead of the payrolls by KBC Bank
Economic Events
| Date (GMT) | Country | Event | Actual | Cons. | Previous | |
| Jan 4 | 15:00 | US | ISM Non−Manufacturing (Dec) | 53.9 | 53.5 | 54.1 |
| 15:00 | CA | Ivey Purchasing Managers Index (Dec) | 45.9 | 51.0 | 58.7 | |
| Jan 6 | 21:45 | NZ | Trade Balance | -0.69B | ||
| Jan 7 | 06:45 | CH | Unemployment Rate | 2.7% | ||
| 06:45 | CH | Unemployment Rate s.a. | 2.6% | |||
| 10:00 | EMU | Consumer Confidence | -8 | |||
| 10:00 | EMU | Producer Price Index (MoM) | 0.6% | |||