Friday, May 02, 15:01 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
Derek Frey's Outlook
Expert: Derek Frey
Start: Mon, May 5, 14:00 GMT
Sponsored by: 
Type of Session: Webinar
Advanced Methods for Finding Dominant Trends in Forex Markets
Expert: Steve Primo
Start: Mon, May 5, 15:00 GMT
Type of Session: Webinar
| Sponsored by | ||||
| Mon, May 5, 14:00 GMT | Derek Frey's Outlook | Derek Frey | 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 |  |
| Tue, May 6, 11:00 GMT | FX Instructor Live Trading Room | Mark De La Paz | WBN |  |
| Tue, May 6, 14:00 GMT | The Weather Report: Ichimoku Cloud Trading | Chris Capre | WBN | |
Current Session: U.S.
EUR/USD
Mid−Day Forex Technical Report − Dollar Rally Extends after Non Farm Payroll by ActionForex.com
EUR/USD's fall from 1.6019 extends sharply lower to as low as 1.5360 in early US session touches mentioned 1.5342/66 cluster support zone. At this point, intraday bias remains on the downside as long as 1.5498 minor resistance holds. Sustained break of 1.5342/66 cluster support zone will set the stage for further decline to next short term target of 1.4966 resistance turned support.
- 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:
FX Thoughts for the Day − FX Thoughts for the Day by Kshitij Consultancy Service
FX Analysts' Comments
Video | New York Session Review | May 1, 2008 by Wayne McDonell, FxBootcamp.com
Currencies at a Glance
- EUR/USD
- Continues to trade around opening price level 1.5473 , below pivot level 1.5515
05/02/2008 14:10 GMT - GBP/USD
- Moves up around first resistant level 1.9867
05/02/2008 14:10 GMT - USD/CHF
- Moves up above opening price level 1.0481 , above pivot level 1.0442
05/02/2008 14:10 GMT - USD/JPY
- Trades around first resistant level 104.84
05/02/2008 14:10 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 ISM NON−MANUFACTURING
| Date (GMT) | Event | Cons. | Previous | |
| May 5 | 14:00 | ISM Non−Manufacturing | - | 49.6 |
US: ISM Monitor by Danske Bank A/S
March's ISM figure showed a modest increase to 48.6 from 48.3 in February. The rise was mainly driven by increases in supplier deliveries and employment. The new orders index dropped to its lowest level since 2001
[ Full Story ]USA: ISM goes sideways by Danske Bank A/S
The Trading Week - The Trading Week: May 4 − May 9 by AllThingsForex
Top Market Movers Review
US NONFARM PAYROLLS
| Date (GMT) | Event | Actual | Cons. | Previous | |
| May 2 | 12:30 | Unemployment Rate | 5.0% | 5.2% | 5.1% |
| May 2 | 12:30 | Average Weekly Hours | 33.7 | 33.7 | 33.8 |
| May 2 | 12:30 | Average Hourly Earnings (MoM) | 0.1% | 0.3% | 0.3% |
| May 2 | 12:30 | Average Hourly Earnings (YoY) | 3.4% | 3.6% | 3.6% |
| May 2 | 12:30 | Nonfarm Payrolls | -20K | -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
- Employers cut fewer jobs in April, jobless rate falls (Thomson Financial News)
- Employers cut fewer jobs in April, jobless rate falls (Thomson Financial News)
- DATAWATCH Economists say lower than expected job loss is still recessionary (Thomson Financial News)
US: Not so fast! Payrolls receding more slowly by Danske Bank A/S
Mid−Day Forex Technical Report − Dollar Rally Extends after Non Farm Payroll by ActionForex.com
Daily Trading Forecast - Today's Trading Focused on U.S. Non−Farm Payroll Report by Swiss e Trade AG
Economic Events
| Date (GMT) | Country | Event | Actual | Cons. | Previous | |
| May 2 | 12:30 | US | Nonfarm Payrolls (Apr) | -20K | -78 | -80K |
| 14:00 | US | Factory Orders (Mar) | 1.4% | 0.2% | -0.9% |
|
| May 4 | 22:45 | NZ | Labor Cost Index (QoQ) (1Q) | 1.1% | ||
| May 5 | 01:30 | AU | House Price Index (QoQ) (1Q) | 3.2% | ||
| 01:30 | AU | House Price Index (YoY) (1Q) | 12.3% | |||
| 08:30 | EMU | Sentix Investor Confidence (Apr) | 4.1 | |||
| 14:00 | US | ISM Non−Manufacturing (Apr) | 49.6 | |||