Friday, Feb 01, 16:38 GMT
ASIA-PACIFIC Trading Newsletter
To Get Started
- The Advisor Weblog: At the Close
- Webinars VIDEOS: Raghee Horner's Four Step Trading: Forex by Raghee Horner
- Non−Farm Payrolls Live Coverage at FXstreet.com
- Trendex: Instant Trading Tips from FX Pros right to your desktop
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Live Sessions Schedule
What Moves Currencies? − Preview of the Week Ahead
Expert: Tony Juste
Start: Mon, Feb 4, 11:00 GMT
Sponsored by: 
Type of Session: Webinar
Weekly Webinar: 1st on Forex − The Week Ahead
Expert: Jerry Furst
Start: Mon, Feb 4, 12:00 GMT
Sponsored by: 
Type of Session: Webinar
| Sponsored by | ||||
| Mon, Feb 4, 10:00 GMT | FX Instructor Live Trading Room  | Mihai Marinescu | WBN |  |
| Mon, Feb 4, 11:00 GMT | What Moves Currencies? − Preview of the Week Ahead | Tony Juste | WBN | |
| Mon, Feb 4, 12:00 GMT | Weekly Webinar: 1st on Forex − The Week Ahead | Jerry Furst | WBN | |
| Mon, Feb 4, 13:00 GMT | US Pre−Market Open | Ed Ponsi | WBN |  |
| Mon, Feb 4, 14:30 GMT | US Session Open | Ed Ponsi | WBN | |
Current Session: U.S.
EUR/USD
Mid−Day Forex Technical Report − EUR/USD Testing Record High after −17k Non−Farm Payroll by ActionForex.com
EUR/USD's rise from 1.465 resumes in early US session and surges to as high as 1.4951 so far. taking out mentioned short term falling trend line, and is just inch below record high of 1.4966. At this point, intraday bias remains on the upside as long as 1.4800 minor support holds and further rally is still expected to 1.4966 and then 1.5 psychological resistance.
- Introducing Forex Options − by John Jagerson, Founder Profiting With Forex
- Check out how pairs moved: Live Currency Rates & Charts
- Follow up the most relevant Economic Data in the new Real Time Economic Calendar
Daily Technical Strategist − EURUSD: Remains On The Offensive, Closes In O The 1.4967 level by FXTechstrategy
Currency Majors Technical Analysis − 1,4888. EUR USD is in an uptrend by Mataf.net
Top Market Movers Preview
EMU PRODUCER PRICE INDEX
| Date (GMT) | Event | Cons. | Previous | |
| Feb 4 | 10:00 | Producer Price Index (MoM) | - | 0.8% |
| Feb 4 | 10:00 | Producer Price Index (YoY) | - | 4.1% |
European Market Update - European Market Update by Trade The News
[ Full Story ]- Tony Juste, FX Advisor at FXstreet.com: "With inflation fears being the name of the game in the Euro−Zone at the moment, it will be interesting to see the outcome of this data. A soft number should put pressure on the ECB on the interest rates topic, and should also weaken the EUR. In the other hand, a strong reading should put the EUR back to the highs." − FXstreet.com
Top Market Movers Review
US ISM MANUFACTURING
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Feb 1 | 15:00 | ISM Manufacturing | 50.7 | 47.5 | 48.4 |
US ISM Manufacturing Index rises to 50.7 in January (FXstreet.com)
Economic activity has grown in the US's manufacturing sector in January at a fastest pace than in December while the overall economy posted its 75 consecutive growth, according to the latest Manufacturing ISM Report on Business.
[ Full Story ]- Official data at the ISM
- UPDATE: ISM Manufacturing Report Mounts Surprise Recovery (Dow Jones)
- U.S. manufacturing grew in January (Thomson Financial News)
- DATA SNAP: Dec ISM Manufacturing Report Mounts Surprise Recovery (Dow Jones)
Market Session Snap−Shot - Asian Session − Waiting for US NFP & ISM by ACM − Advanced Currency Markets
US economic indicators - GDP growth in Q4 could have slowed down to about 1% qoq by BHF−Bank
US NONFARM PAYROLLS
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Feb 1 | 13:30 | Average Hourly Earnings (MoM) | 0.2% | 0.3% | 0.4% |
| Feb 1 | 13:30 | Unemployment Rate | 4.9% | 5.0% | 5.0% |
| Feb 1 | 13:30 | Average Weekly Hours | 33.7 | 33.8 | 33.8 |
| Feb 1 | 13:30 | Average Hourly Earnings (YoY) | 3.7% | 3.9% | 3.7% |
| Feb 1 | 13:30 | Nonfarm Payrolls | -17K | 55K | 82K |
DATA SNAP: US Jobs Drop Upgrades Recession Odds, Keeps Fed In Play (Dow Jones)
U.S. employment unexpectedly tumbled last month for the first time in more than four years, fueling worries that the U.S. economy which already limped into 2008 might soften further or even slip into recession in coming months.
[ Full Story ]- The Employment Situation at the US Labor Department
- Forex − Dollar weathers surprise US jobs fall (Thomson Financial News)
- Payrolls drop for first time since 2003 (Thomson Financial News)
- US Non−farm Payrolls decrease by 17,000 in January, against expectations − UPDATE (FXstreet.com)
Payrolls Raise Recession Fears by CMC Markets
Daily Forex Commentary - Waiting for payrolls… by Jyske Bank
Wakeup Call on Forex Markets - US Job Report The Spotlight Today by Saxo Bank
Currencies at a Glance
- EUR/USD
- Moves up with high volatility. Immediate resistance is seen at 1.4940.
02/01/2008 16:27 GMT - GBP/USD
- Moves sideways below 1.9700. Immediate support is seen at 1.9714.
02/01/2008 16:26 GMT - USD/CHF
- Moves sideways with low volatility.
02/01/2008 16:29 GMT - USD/JPY
- Short term bias is neutral, moving sideways.
02/01/2008 16:31 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 ]
Economic Events
| Date (GMT) | Country | Event | Actual | Cons. | Previous | |
| Feb 1 | 15:00 | US | Construction Spending (MoM) (Dec) | 1.1% | -0.5% | 0.1% |
| 15:00 | US | Reuters/Michigan Consumer Sentiment Index (Jan) | 78.4 | 79.0 | 75.5 | |
| Feb 4 | 10:00 | EMU | Producer Price Index (MoM) (Dec) | 0.8% | ||
| 10:00 | EMU | Producer Price Index (YoY) (Dec) | 4.1% | |||
| 15:00 | US | Factory Orders (Dec) | 1.5% | |||
| 15:42 | AU | Trade Balance (Dec) | -2254M | |||
| Feb 5 | 00:00 | AU | Retail Sales (MoM) (Dec) | 0.8% | ||