Thursday, May 01, 15:32 GMT
ASIA-PACIFIC Trading Newsletter
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- Webinar videos: Common Break-Out Strategies by Adam Rosen
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Live Sessions Schedule
Live Look at Today's Markets
Expert: Derek Frey
Start: Thu, May 1, 17:00 GMT
Sponsored by: 
Type of Session: Webinar
SPECIAL EVENT: Trade Non−Farm Payrolls LIVE − 24th Edition
Expert: Wayne McDonell
Start: Fri, May 2, 11:30 GMT
Sponsored by: 
Type of Session: Webinar
| Sponsored by | ||||
| Thu, May 1, 16:00 GMT | The Day Trading Coach − Tips, Tricks and Strategies for Day Traders  | Markus Heitkoetter | WBN |  |
| Thu, May 1, 17:00 GMT | Live Look at Today's Markets | Derek Frey | WBN | |
| Fri, May 2, 11:30 GMT | SPECIAL EVENT: Trade Non−Farm Payrolls LIVE − 24th Edition | Wayne McDonell | WBN | |
| Mon, May 5, 15:00 GMT | Advanced Methods for Finding Dominant Trends in Forex Markets | Steve Primo | WBN | |
| Mon, May 5, 16:00 GMT | Weekly Webinar: 1st on Forex − The Week Ahead | Jerry Furst | WBN |  |
Current Session: U.S.
USD/CHF
Mid−Day Forex Technical Report − Dollar Extends Rally after Core PCE and ISM by ActionForex.com
USD/CHF has finally taken out mentioned 1.0352/83 resistance zone with some strength. At this point, intraday bias remains on the upside for 100% projection of 0.9634 to 1.0249 from 0.9907 at 1.0522 first. Break will bring stronger rally to 161.8% projection at 1.0902. On the downside, below 1.0328 will indicate that an intraday top is in place and bring retreat to 4 hours 55 EMA (now at 1.0277) and below.
- Weekly Technical Briefing by Dan Blystone, Founder TradersLog.com
- 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:
Market Thoughts − 1/5/2008 − the current market sentiment by FX Recommends
Hedging Range Trades − USDCHF Hedge to Protect Dollar Bulls through Event Risk by FXCM
Currencies at a Glance
- EUR/USD
- Trades below first support level 1.5545
05/01/2008 14:56 GMT - GBP/USD
- Continues to trade around opening price level 1.9868 , above pivot level 1.9795
05/01/2008 14:56 GMT - USD/CHF
- Trades above first resistant level 1.0415
05/01/2008 14:56 GMT - USD/JPY
- Trades below pivot level 104.16
05/01/2008 14:56 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
Top Market Movers Preview
US NONFARM PAYROLLS
| Date (GMT) | Event | Cons. | Previous | |
| May 2 | 12:30 | Unemployment Rate | 5.2% | 5.1% |
| May 2 | 12:30 | Average Weekly Hours | 33.7 | 33.8 |
| May 2 | 12:30 | Average Hourly Earnings (MoM) | 0.3% | 0.3% |
| May 2 | 12:30 | Average Hourly Earnings (YoY) | 3.6% | 3.6% |
| May 2 | 08:30 | Nonfarm Payrolls | -78 | -80K |
Weekly Market View - Keep your eyes open for the Fed interest rate decision and the big Non−Farm Payrolls by FXstreet.com
In the US, the Unemployment Rate ( Previous 5.1% ) , Non−Farm Payrolls (NFP, Previous −80K ), the Average Hourly Earnings ( Previous 0.3% ) and the Average Weekly Earning are the events to watch, especially the "Non−Farm payrolls (NFP)", which is expected to have a big impact on the USD against the other Majors.All of the events are released at 12:30 GMT.
[ Full Story ]- SPECIAL EVENT: Trade Non−Farm Payrolls LIVE − 24th Edition with Wayne McDonell
Top Market Movers Review
US ISM MANUFACTURING
| Date (GMT) | Event | Actual | Cons. | Previous | |
| May 1 | 14:00 | ISM Manufacturing | 48.6 | 48.0 | 48.6 |
US ISM manufacturing index, flat at low levels in April (FXstreet.com)
Activity in the US manufacturing sector failed to grow in April for its third consecutive month, with new orders and production declining slowly, while prices rise at highly inflationary rates. The PMI index remained at 48.6 in April, the same as in March, which indicates contraction of the sector's activity, as only figures above 50 show tat the sector's activity is increasing.
[ Full Story ]- Read the April Manufacturing Report On Business® at the ISM
- Dollar Extends Gains Vs Euro After ISM Mfg Index (Dow Jones)
- DATA SNAP: US Apr ISM Shows Contraction Amid Price Pressures (Dow Jones)
- US April ISM manufacturing index unchanged at 48.6 vs 48.0 expected (Thomson Financial News)
Mid−Day Forex Technical Report − Dollar Extends Rally after Core PCE and ISM by ActionForex.com
US PERSONAL INCOME
| Date (GMT) | Event | Actual | Cons. | Previous | |
| May 1 | 12:30 | Core Personal Consumption Expenditure − Prices Index (MoM) | 0.2% | 0.1% | 0.1% |
| May 1 | 12:30 | Personal Income (MoM) | 0.3% | 0.4% | 0.5% |
| May 1 | 12:30 | Core Personal Consumption Expenditure − Prices Index (YoY) | 2.1% | 2.0% | 2.0% |
US personal spending grows above expectations in March (FXstreet.com)
Personal spending has increased above expectations in the United States in March, while personal income slowed down and the PCE prices index accelerated, according to the latest Personal Income and Outlays report published by the Commerce Department.
[ Full Story ]- Personal income and outlays at the Bureau of Economic Analysis
- U.S. March consumer spending up 0.4 pct, personal income up 0.3 pct UPDATE (Thomson Financial News)
- UPDATE: Dollar Hits Intraday High Vs Euro On Income Data (Dow Jones)
- Dollar Hits Intraday High Vs Euro On US Income Data (Dow Jones)
Friday Notes - ECB rate cuts – merely postponed! by HVB Group
Economic Events
| Date (GMT) | Country | Event | Actual | Cons. | Previous | |
| May 1 | 14:00 | US | Construction Spending (MoM) (Mar) | -1.1% | -0.6% | 0.4% |
| 14:00 | US | ISM Manufacturing (Apr) | 48.6 | 48.0 | 48.6 | |
| May 2 | 01:30 | AU | Retail Sales (MoM) (Mar) | 0.3% | -0.1% | |
| 07:30 | CH | SVME − Purchasing Managers' Index (Apr) | 55.0 | 55.3 | ||
| 08:00 | EMU | PMI Manufacturing (Apr) | 50.8 | 52.0 | ||
| 08:00 | DE | PMI Manufacturing (Apr) | 53.6 | 55.1 | ||
| 08:30 | UK | CIPS PMI Construction (Apr) | 47.0 | 47.2 | ||