Tuesday, Apr 01, 15:51 GMT
ASIA-PACIFIC Trading Newsletter
To Get Started
- Webinar Videos: Monthly Webinar: Forex Options: Boost your bottom line - Part 1 and Part 2 by Derek Frey
- Europe Session Performance by FXstreet.com
- Tradable FX Rates: Real−time data provided by a market maker
- Check our Brokers/FDMs Table
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
FX Instructor Live Trading Room
Expert: Nader Moustafa
Start: Wed, Apr 2, 09:00 GMT
Sponsored by: 
Type of Session: Webinar
Central Bank Review
Expert: Adam Rosen
Start: Wed, Apr 2, 11:00 GMT
Type of Session: Webinar
| Sponsored by | ||||
| Tue, Apr 1, 16:00 GMT | Day Trading Series − Chapter V: The 10 Power Principles of Successful Trading Strategies | Markus Heitkoetter | WBN |  |
| Tue, Apr 1, 17:00 GMT | Live Look at Today's Markets  | Derek Frey | WBN |  |
| Wed, Apr 2, 09:00 GMT | FX Instructor Live Trading Room | Nader Moustafa | WBN | |
| Wed, Apr 2, 11:00 GMT | Central Bank Review | Adam Rosen | WBN |  |
| Wed, Apr 2, 13:00 GMT | Main technical theme in the currency market | Jamie Saettele | WBN |  |
Current Session: U.S.
EUR/USD
Daily FX Report − EUR is falling against USD by Varengold Wertpapierhandelsbank AG
The EUR and the CHF fell versus the USD after UBS says they wrote down additional 19 bln USD in assets stoking worries that credit market turmoil will spread to European financial sector.
The narrow trend channel of the EUR/USD seems to be stopped. The second time it broke through the lower resistance. This could open up a new horizontal trade direction with a support at 1,5328 and a resistance at 1,5854.
- Understanding The Exact Process Behind The Movement In Price by Sam Seiden
- Check out how pairs moved: Live Currency Rates & Charts
- Follow up the most relevant Economic Data in the new Real Time Economic Calendar
Currency Performance
Currency Performance Report − Europe Session Performance by FXstreet.com
FX' Signal
Trade Signals − Matsys D Trade Signals by Fxwintrades
Top Market Movers Preview
UK M4 MONEY SUPPLY
| Date (GMT) | Event | Cons. | Previous | |
| Apr 2 | 08:30 | M4 Money Supply (MoM) | - | 0.3% |
| Apr 2 | 08:30 | M4 Money Supply (YoY) | - | 13.01% |
Sunrise Market Commentary: Currencies - EUR/GBP at new life−time highs by KBC Bank
Recently, the sterling sentiment was very downbeat and corrections, if any, were very limited and short−lived. Fundamentals (housing, economic growth, overextended consumer and the problems of the City) clearly support the weakening of sterling. So, we hold on to our long−term negative view for sterling.
[ Full Story ]Top Market Movers Review
US ISM MANUFACTURING
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Apr 1 | 14:00 | ISM Manufacturing | 48.6 | 47.5 | 48.3 |
DATA SNAP: ISM Factory Index Contracts Again In March (Dow Jones)
Manufacturing activity in the U.S. shrank in March and turned in its weakest quarterly performance since the second quarter of 2003, amid rising price pressures, according to a report released Tuesday.
[ Full Story ]- Read the Manufacturing Report On Business at ISM
- Manufacturing sector contracts in March (Thomson Financial News)
- Forex − U.S. dollar rises sharply on stronger−than−expected ISM data UPDATE (Thomson Financial News)
- Forex − U.S. dollar rises sharply on stronger−than−expected ISM data (Thomson Financial News)
Daily Forex Commentary - Macroeconomy: ISM and PMI by Jyske Bank
US economic indicators - Both ISM indices will probably show ongoing contraction in March by BHF−Bank
Weekly Forex Outlook - Heavy data week for the US, with ISM and Non Farm Payrolls by Easy Forex
Currencies at a Glance
- EUR/USD
- Trades below second support level 1.5679
04/01/2008 12:20 GMT - GBP/USD
- Back around opening price level 1.9833 , below pivot level 1.9875
04/01/2008 12:21 GMT - USD/CHF
- Trades around second resistant level 1.0054
04/01/2008 12:22 GMT - USD/JPY
- Trades above first resistant level 100.27
04/01/2008 12:23 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 | |
| Apr 1 | 14:00 | US | Construction Spending (MoM) (Feb) | -0.3% | -1.0% | -1.0% |
| 14:00 | US | ISM Manufacturing (Mar) | 48.6 | 47.5 | 48.3 | |
| 21:30 | US | ABC Consumer Confidence (Mar 30) | -31 | |||
| Apr 2 | 08:30 | UK | BSA Mortgage approvals s.a (Feb) | 4.3B | ||
| 08:30 | UK | CIPS PMI Construction (Mar) | 52.0 | 52.4 | ||
| 08:30 | UK | Housing Equity Withdrawal (QoQ) (4Q) | 9.5B | 9.3B | ||
| 08:30 | UK | M4 Money Supply (MoM) (Feb) | 0.3% | |||