Wednesday, Apr 02, 15:58 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
- Asia Session Performance by FXstreet.com
- Multiple Currency Charts: 4 charts at the same time
- Delivery Options: RSS feeds for all of our report sections
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
Live Look at Today's Markets
Expert: Derek Frey
Start: Wed, Apr 2, 17:00 GMT
Sponsored by: 
Type of Session: Webinar
How to Get Started Trading Forex
Expert: Steve Primo
Start: Thu, Apr 3, 15:00 GMT
Type of Session: Webinar
| Sponsored by | ||||
| Wed, Apr 2, 15:00 GMT | Institutional Trading Strategies  | Andrei Pehar | WBN |  |
| Wed, Apr 2, 16:00 GMT | Trend Trading − Part 1: Elements of Trend Trading in FX and Futures Markets | Don Wilcox | WBN |  |
| Wed, Apr 2, 17:00 GMT | Live Look at Today's Markets | Derek Frey | WBN | |
| Thu, Apr 3, 11:00 GMT | FX Instructor Live Trading Room | Mark De La Paz | WBN |  |
| Thu, Apr 3, 12:00 GMT | US Pre−Market Open | Ed Ponsi | WBN | |
Current Session: U.S.
USD/JPY
Forex Market Outlook on Majors − Extended decline from 108.62 by Windsor Brokers Ltd
Extended decline from 108.62, 14 Feb lower top to reach 95.72 low on 17 Mar. The lower rejection there triggered recovery to 101.04, and a bull flag developed. This was completed on a break above 100.00/39 Further gains cleared 101.04, completing 2 week base that initiated rally through 102.13, 50% retracement of 108.60/95.72 decline, to expose 103.66, that marks, 61.8% retracement. Downside, 101.50 offers initial support.
- Main technical theme in the currency market by Jamie Saettele, Technical Currency Analyst FXCM
- 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:
Mid−Day Forex Technical Report − ADP Boost Limited by Dovish Bernanke by ActionForex.com
Currency Performance
Currency Performance Report − Europe Session Performance by FXstreet.com
Top Market Movers Preview
EMU PURCHASING MANAGER INDEX SERVICES
| Date (GMT) | Event | Cons. | Previous | |
| Apr 3 | 08:00 | Purchasing Manager Index Services | 51.7 | 52.3 |
| Apr 3 | 08:00 | Purchasing Manager Index Services | 52.5 | 52.2 |
EMU economic indicators - German industrial new orders will probably have rebounded in February by BHF−Bank
The RBS purchasing managers' indices for the German and the EMU manufacturing sector for March are not likely to have been revised substantially.
[ Full Story ]Top Market Movers Review
US FACTORY ORDERS
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Apr 2 | 14:00 | Factory Orders | -1.3% | 0.6% | -2.3% |
DATA SNAP: US Feb Factory Orders Fall More Than Expected (Dow Jones)
Factory orders fell a second month in a row during February, pointing to weakness in the manufacturing sector as businesses seem to shy from capital spending amid the economic slowdown.
[ Full Story ]- Read the Factory Orders data at Commerce Department
- Factory orders drop double what expected (Thomson Financial News)
- US February factory orders down 1.3 pct, ex−transportation down 1.8 pct (Thomson Financial News)
- US factory orders decline in February for second consecutive month (FXstreet.com)
US ADP EMPLOYMENT CHANGE
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Apr 2 | 12:15 | ADP Employment Change | 8K | -30K | -18K |
ADP Sees March US Private−Sector Jobs +8,000 (Dow Jones)
An employment indicator published Wednesday by payrolls giant Automatic Data Processing Inc. (ADP) and consultancy Macroeconomic Advisers reported an 8,000 increase in U.S. private−sector jobs in March.
[ Full Story ]- Read the Employment data at ADP
- ADP report says US gained 8,000 private jobs in March vs 70,000 loss seen (Thomson Financial News)
- Stock futures jump after report showing surprise gain in private sector jobs (Thomson Financial News)
- US ADP shows an slight increase on employment in March, against expectations (FXstreet.com)
Mid−Day Forex Technical Report − ADP Boost Limited by Dovish Bernanke by ActionForex.com
Currencies at a Glance
- EUR/USD
- Back around pivot level 1.5655
04/02/2008 13:56 GMT - GBP/USD
- Moves up toward first resistant level 1.9844
04/02/2008 13:56 GMT - USD/CHF
- Moves down below opening price level 1.0124 , above pivot level 1.0064
04/02/2008 13:56 GMT - USD/JPY
- Trades above opening price level 101.86 , above pivot level 101.21
04/02/2008 13:56 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 2 | 14:00 | US | Factory Orders (Feb) | -1.3% | 0.6% | -2.3% |
| 14:30 | US | EIA Crude Oil Stocks change | 1.9M | 0.0M | ||
| Apr 3 | 02:00 | NZ | ANZ Commodity Price (Mar) | 47.2% | 0.9% | |
| 08:00 | DE | Purchasing Manager Index Services (Mar) | 52.5 | 52.2 | ||
| 08:00 | EMU | Purchasing Manager Index Services (Mar) | 51.7 | 52.3 | ||
| 08:30 | UK | Purchasing Manager Index Services (Mar) | 53.3 | 54.0 | ||
| 09:00 | EMU | Retail Sales (MoM) (Feb) | 0.2% | 0.4% | ||