Friday, Apr 04, 15:59 GMT
ASIA-PACIFIC Trading Newsletter
To Get Started
- Webinar videos: Institutional Trading Strategies by Andrei Pehar
- ITC 2008 − Barcelona October 29th to 31st.... Book the dates in your agenda!
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Live Sessions Schedule
Understand & Use Fibonacci Ratio's Effectively
Expert: Sunil Mangwani
Start: Mon, Apr 7, 10:00 GMT
Sponsored by: 
Type of Session: Webinar
Weekly Webinar: 1st on Forex − The Week Ahead
Expert: Jerry Furst
Start: Mon, Apr 7, 11:00 GMT
Sponsored by: 
Type of Session: Webinar
| Sponsored by | ||||
| Mon, Apr 7, 10:00 GMT | Understand & Use Fibonacci Ratio's Effectively | Sunil Mangwani | WBN | |
| Mon, Apr 7, 11:00 GMT | Weekly Webinar: 1st on Forex − The Week Ahead | Jerry Furst | WBN | |
| Mon, Apr 7, 12:00 GMT | US Pre−Market Open  | Ed Ponsi | WBN |  |
| Mon, Apr 7, 13:30 GMT | US Session Open | Ed Ponsi | WBN | |
| Mon, Apr 7, 14:00 GMT | Derek Frey's Outlook | Derek Frey | WBN |  |
Current Session: U.S.
USD/JPY
Mid−Day Forex Technical Report − Indecisive Market after NFP by ActionForex.com
USD/JPY's retreat from 102.94 extends further in early US session and reaches as low as 102.61 so far. As discussed before, An intraday top might be in place with 4 hours MACD staying below signal line. Intraday outlook remains neutral for the moment. Below 101.49 minor support will turn intraday bias back to the downside. Further break of 98.55 support will confirm that corrective rebound from 95.77 has completed and will bring retest of this low.
- 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:
Currency Majors Technical Analysis by Mataf.net
FX' Signal
Trade Signals − Matsys D Trade Signals by Fxwintrades
Top Market Movers Preview
Germany INDUSTRIAL PRODUCTION S.A.
| Date (GMT) | Event | Cons. | Previous | |
| Apr 7 | 10:00 | Industrial Production s.a. (MoM) | - | 1.8% |
| Apr 7 | 10:00 | Industrial Production s.a. w.d.a. (YoY) | - | 6.9% |
Friday Notes - The desynchronized global easing cycle by HVB Group
The UniCredit−Reuters tool points to a decline of 0.6% m−o−m. Following on the heels of two strong gains, this is no cause for concern. The still substantial order cushion also argues for a persistently solid dynamic in industry in the coming months.
[ Full Story ]Top Market Movers Review
US NONFARM PAYROLLS
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Apr 4 | 12:30 | Nonfarm Payrolls | -80K | -50K | -76K |
| Apr 4 | 12:30 | Unemployment Rate | 5.1% | 5.0% | 4.8% |
DATA SNAP: Big US Job Drop Suggests US In Recession (Dow Jones)
A third−straight sharp drop in U.S. payrolls confirmed Federal Reserve Chairman Ben Bernanke's recent warning that the U.S. economy may be in recession, as the unemployment rate moved sharply higher. The data suggest additional interest rate cuts by the Fed are likely, even though the already−aggressive response by officials doesn't leave them too much room for additional easing.
[ Full Story ]- Read the Employment Situation data at Labor department
- SPECIAL EVENT: Trade Non−Farm Payrolls LIVE − 23rd Edition with Wayne McDonell
- FOCUS Economists say March payroll declines eliminate doubt of a recession (Thomson Financial News)
- Odds of further Fed rate cuts rise on weak March employment report (Thomson Financial News)
- DATAWATCH US March payrolls fall 80,000; unemployment rate rises to 5.1 pct (Thomson Financial News)
Market Thoughts - 4/4/2008 − the current market sentiment after the non−farm payroll by FX Recommends
Mid−Day Forex Technical Report − Indecisive Market after NFP by ActionForex.com
Market Session Snap−Shot - Asian Session: Markets are Patiently Waiting for NFP figures by ACM − Advanced Currency Markets
Currencies at a Glance
- EUR/USD
- Trades around first resistant level 1.5750
04/04/2008 15:51 GMT - GBP/USD
- Back around opening price level 1.9963 , above pivot level 1.9899
04/04/2008 15:52 GMT - USD/CHF
- Trades around first support level 1.0041
04/04/2008 15:52 GMT - USD/JPY
- Trades around first support level 101.84
04/04/2008 15:53 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 4 | 12:30 | US | Average Weekly Hours (Mar) | 33.8 | 33.7 | 33.7 |
| 14:00 | CA | Ivey Purchasing Managers Index (Mar) | 59.0 | 59.5 | 62.0 | |
| Apr 7 | 01:30 | AU | Building Permits (MoM) (Feb) | 1.9% | ||
| 01:30 | AU | Building Permits (YoY) (Mar) | 5.1% | |||
| 01:30 | AU | Trade Balance (Feb) | -2723M | |||
| 05:00 | JP | Coincident Index  | 70% | |||
| 05:00 | JP | Leading Economic Index (Feb) | 36.4 | |||