Monday, Feb 04, 17:02 GMT
ASIA-PACIFIC Trading Newsletter
To Get Started
- The Advisor Weblog: At the Close. Slowly
- Webinars VIDEOS: Raghee Horner's Four Step Trading: Forex by Raghee Horner
- Featured Event: The Code of the Schaff Trend Cycle indicator revealed at FXstreet.com
- Check all information about Futures Market in Latest Futures News
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Live Sessions Schedule
Outlook for the major currencies this week
Expert: Ian Copsey
Start: Tue, Feb 5, 09:00 GMT
Sponsored by: 
Type of Session: Webinar
FX Instructor Live Trading Room
Expert: Sunil Mangwani
Start: Tue, Feb 5, 10:00 GMT
Sponsored by: 
Type of Session: Webinar
| Sponsored by | ||||
| Mon, Feb 4, 17:00 GMT | Practical Trading with MACD | Valeria Bednarik | WBN |  |
| Tue, Feb 5, 09:00 GMT | Outlook for the major currencies this week | Ian Copsey | WBN | |
| Tue, Feb 5, 10:00 GMT | FX Instructor Live Trading Room | Sunil Mangwani | WBN | |
| Tue, Feb 5, 11:00 GMT | What Moves Currencies? − A look at the GBP crosses | Tony Juste | WBN |  |
| Tue, Feb 5, 13:00 GMT | US Pre−Market Open  | Ed Ponsi | WBN | |
Current Session: U.S.
GBP/USD
Mid−Day Forex Technical Report − Sterling and Aussie Up in Ranging Markets by ActionForex.com
After being supported by mentioned 1.9645 cluster support (50% retracement of 1.9337 to 1.9957 at 1.9647), cable recovered strongly but after all, the recovery is still limited by 4 hours 55 EMA and below 1.9824 resistance. Outlook remains neutral for the moment. On the downside, firm break of 1.9645 cluster support will confirm that rebound from 1.9337 has completed at 1.9957 and bring retest of this low.
- 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
Currency Majors Technical Analysis − GBP USD is in a consolidation after the last bearish movement by Mataf.net
Daily Forex Forecast − Daily Forex Forecast by FXDream
Top Market Movers Preview
Australia RBA INTEREST RATE DECISION
| Date (GMT) | Event | Cons. | Previous | |
| Feb 5 | 03:30 | RBA Interest Rate Decision | 7.00% | 6.75% |
Weekly Review and Outlook − Sterling Tumbled ahead of BoE Cut; RBA to Hike, ECB to Hold by ActionForex.com
Looking ahead, central banks decision will take center stage this week with RBA expected to raise, BoE expected to cut and ECB expected to be on hold.
[ Full Story ]Top Market Movers Review
US FACTORY ORDERS
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Feb 4 | 15:00 | Factory Orders | 2.3% | 2.4% | 1.7% |
US factory orders post the highest increase on record in December (FXstreet.com)
New orders for manufactured products have grown slightly below expectations but yet at their fastest pace since records are taken in 1992, posting their sixth increase of the last seven months, according to data released by the Commerce Department.
[ Full Story ]- Read the Factory Orders data at Census Bureau
- Factory orders rise in December (Thomson Financial News)
- US December factory orders up 2.3 pct, excluding transportation up 0.7 pct (Thomson Financial News)
- DATA SNAP: US Dec Factory Orders Rise Below Expectations (Dow Jones)
Currencies at a Glance
- EUR/USD
- Moves sideways below MAs with low volatility Support is seen at 1.4790.
02/04/2008 16:24 GMT - GBP/USD
- Moves upwards with low volatility. Immediate resistance is seen at 1.9784.
02/04/2008 16:29 GMT - USD/CHF
- Moves sideways between MAs with low volatility. Support is seen at 108.75.
02/04/2008 16:32 GMT - USD/JPY
- Moves upwards with low volatility. Support is seen at 106.58.
02/04/2008 16:34 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 4 | 15:00 | US | Factory Orders (Dec) | 2.3% | 2.4% | 1.7% |
| Feb 5 | 00:30 | AU | Retail Sales (MoM) (Dec) | 0.6% | 0.8% | |
| 02:00 | NZ | ANZ Commodity Price (Jan) | 0% | |||
| 03:30 | AU | RBA Interest Rate Decision (Feb) | 7.00% | 6.75% | ||
| 08:55 | DE | Purchasing Manager Index Services (Jan) | 50.6 | 51.2 | ||
| 09:00 | EMU | Purchasing Manager Index Services (Jan) | 52.0 | 53.1 | ||
| 09:30 | UK | Purchasing Manager Index Services (Jan) | 52.0 | 52.9 | ||