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ASIA-PACIFIC Trading Newsletter
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Live Sessions Schedule
SPECIAL EVENT: Trade Non−Farm Payrolls LIVE − 22nd Edition
Expert: Wayne McDonell
Start: Fri, Mar 7, 13:00 GMT
Sponsored by: 
Type of Session: Webinar
Live Look at Today's Markets
Expert: Derek Frey
Start: Wed, Mar 5, 18:00 GMT
Sponsored by: 
Type of Session: Webinar
| Sponsored by | ||||
| Wed, Mar 5, 17:00 GMT | Understanding The Exact Process Behind The Movement In Price  | Sam Seiden | WBN |  |
| Wed, Mar 5, 18:00 GMT | Live Look at Today's Markets | Derek Frey | WBN | |
| Thu, Mar 6, 10:00 GMT | Tracking the forex market together / Part I | Dr.S.Sivaraman | WBN | |
| Thu, Mar 6, 14:00 GMT | Entering and Exiting Your Trades | S. Wade Hansen | WBN |  |
| Thu, Mar 6, 14:30 GMT | Weekly Technical Briefing | Dan Blystone | WBN | |
Current Session: U.S.
EUR/USD
Currency Majors Technical Analysis − 1,5235. EUR USD is in an uptrend by Mataf.net
1,5235. EUR USD is in an uptrend supported by 1H exponential moving averages. EUR USD is in a consolidation after the last bullish movement. Bollinger bands are flat. ForexTrend 4H, daily (Mataf Trend Indicator) is in a bullish configuration. The price should find a support above 1,5150. The uptrend should continue to gather momentum. The target is expected at 1,5400 (165 pips).
Other Topics for this Session:
Forex Daily Analysis − 05/03/'08 − US ADP Data on Tap by ForexYard
Daily Forex Forecast − Daily Forex Forecast by FXDream
Mid−Day Forex Technical Report − Dollar Mildly Weaker after Poor ADP, ISM Services Next by ActionForex.com
Banks' Analysis
Forex Technical Analysis − EURSKK= (32.3600) New historic low testing channel bottom off 35.4500 by KBC Bank
FX Analysts' Comments
What's going on? by Tony Juste, FX advisor at FXstreet.com
Currency Performance
Action Bias Summary Table − Action Bias Summary Table by ActionForex.com
FX' Signal
Trade Signals − Matsys D Trade Signals by Fxwintrades
Top Market Movers Preview
US FED'S BEIGE BOOK
| Date (GMT) | Event | Cons. | Previous | |
| Mar 5 | 19:00 | Fed's Beige Book | - | - |
US economic indicators - Both ISM indices could still indicate contraction in February by BHF−Bank
The Fed's Beige Book might report that the weakness in construction has not only spread to manufacturing, but also to the services sector and the retail sector in particular. Prices pressures, apart from energy and food, are likely to be described as moderate.
[ Full Story ]- Tony Juste, FX Advisor at FXstreet.com: "The Beige Book should refer once again to the deterioration of the economy in the US and the gloomy outlook ahead, leaving the door open to further cuts. It should be a negative even for the USD at this point." − FXstreet.com
Top Market Movers Review
US ISM NON−MANUFACTURING
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Mar 5 | 15:00 | ISM Non−Manufacturing | 49.3 | - | 44.6 |
US ISM Feb Non−Mfg Composite Index 49.3 Vs Jan 44.6 (Dow Jones)
U.S. services activity picked up in February following its unexpectedly sharp contraction at the beginning of the year. The Institute for Supply Management reported that its February non−manufacturing composite index moved to a reading of 49.3 from 44.6 in January.
[ Full Story ]- Rea the Non−Manufacturing report at ISM
- Dollar Rises Above Y104.0 After ISM Report (Dow Jones)
- ISM February services index rises to 49.3 vs 47.5 expected (Thomson Financial News)
- US ISM Non Manufacturing index, into contraction for second consecutive month (FXstreet.com)
Mid−Day Forex Technical Report − Dollar Mildly Weaker after Poor ADP, ISM Services Next by ActionForex.com
US NONFARM PRODUCTIVITY
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Mar 5 | 13:30 | Nonfarm Productivity | 1.9% | 1.8% | 6.3% |
| Mar 5 | 13:30 | Unit Labor Costs | 2.6% | - | -2.7% |
DATA SNAP: Productivity, Labor Costs Revised Higher (Dow Jones)
U.S. productivity help up strong at the end of 2007 despite a sharp slowdown in output, according to revised government data, suggesting firms are adjusting to the weaker economy.
[ Full Story ]- Read the Productivity and Costs data at Labor Department
- CORRECT: Productivity Grew 1.8% In 07 On Average, Not 1.9% (Dow Jones)
- Productivity slower in 4th quarter (Thomson Financial News)
- U.S. preliminary Q4 productivity up 1.9%, unit labor costs up 2.6% (Thomson Financial News)
US ADP EMPLOYMENT CHANGE
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Mar 5 | 13:15 | ADP Employment Change | -23K | 15K | 119K |
ADP Sees February US Private Sector Jobs −23,000 (Dow Jones)
An employment indicator published Wednesday by payrolls giant Automatic Data Processing Inc. (ADP) and consultancy Macroeconomic Advisers reported a 23,000 decrease in U.S. private−sector jobs in February.
[ Full Story ]- Read Employment Change data at ADP
- Forex − Dollar under pressure after bad news for the labour market (Thomson Financial News)
- US Feb ADP payrolls down 23,000, suggests total payrolls down 8,000 UPDATE (Thomson Financial News)
- UPDATE: Dollar Drops Vs Euro After ADP Jobs Report (Dow Jones)
Daily Fx Strategy - Post−ADP, Pre ISM Strategy by CMC Markets
Mid−Day Forex Technical Report − Dollar Mildly Weaker after Poor ADP, ISM Services Next by ActionForex.com
Currencies at a Glance
- EUR/USD
- Moves up above second resistant level 1.5287
03/05/2008 16:23 GMT - GBP/USD
- Continues to move up above second resistant level 1.9935
03/05/2008 16:24 GMT - USD/CHF
- Moves down below pivot level 1.0380
03/05/2008 16:24 GMT - USD/JPY
- Moves up above second resistant level 104.13
03/05/2008 16:25 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
Economic Events
| Date (GMT) | Country | Event | Actual | Cons. | Previous | |
| Mar 5 | 15:00 | US | Factory Orders (Jan) | -2.5% | -2.5% | 2.0% |
| 15:00 | US | ISM Non−Manufacturing (Feb) | 49.3 | 44.6 | ||
| 19:00 | US | Fed's Beige Book | ||||
| 20:00 | NZ | RBNZ Interest Rate Decision (Mar) | 8.25% | 8.25% | ||
| Mar 6 | 00:20 | AU | Trade Balance (Jan) | -2550M | -1936M | |
| 04:00 | JP | BoJ Monetary Policy Meeting | ||||
| 05:00 | JP | Coincident Index (Jan)  | 22.2% | 70.0% | ||