Tuesday, May 06, 16:13 GMT
ASIA-PACIFIC Trading Newsletter
To Get Started
- Webinar videos: Momentum and SMA 20: Alexander Elder Technique explained by Valeria Bednarik
- Check the new Streaming FX Charts by Netdania/ FXCM
- How To Trade Commodities within Forex by Wayne McDonell with the Forex Journal
- New Features in our Real−Time Economic Calendar
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Live Sessions Schedule
FX Instructor Live Trading Room
Expert: Mark De La Paz
Start: Wed, May 7, 09:00 GMT
Sponsored by: 
Type of Session: Webinar
Main technical theme in the currency market
Expert: Jamie Saettele
Start: Wed, May 7, 13:00 GMT
Sponsored by: 
Type of Session: Webinar
| Sponsored by | ||||
| Tue, May 6, 16:00 GMT | Day Trading Series − Chapter VI: Tips and Tricks for Successful Day Trading | Markus Heitkoetter | WBN |  |
| Tue, May 6, 17:00 GMT | Live Look at Today's Markets  | Derek Frey | WBN |  |
| Wed, May 7, 09:00 GMT | FX Instructor Live Trading Room | Mark De La Paz | WBN | |
| Wed, May 7, 13:00 GMT | Main technical theme in the currency market | Jamie Saettele | WBN | |
| Wed, May 7, 15:00 GMT | Institutional Trading Strategies | Andrei Pehar | WBN |  |
Current Session: U.S.
EUR/USD
Daily Technical Strategist − EURUSD: Recovers, Turns Ahead The 1.5341 Level by FXTechstrategy
EURUSD: Having experienced a sustained two−week decline to a low of 1.5360 the past week, EUR opened the week higher yesterday turning ahead of its Mar 24'08 low at 1.5341 to close Monday session at 1.5504.A follow−through to the upside was seen in early trading today suggesting more recovery higher towards the 1.5626/00 zone, its April 07'08 low/psycho level followed by the 1.5710 level, its April 18'08 low and then the 1.5895/I 5912 area, its Mar 31'08/April 10'08 highs.
- Stocks for currency traders by John Jagerson, Founder at Profiting With Forex
- 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 − Dollar Lower after Fannie Mae Losses by ActionForex.com
Banks' Analysis
FX Forecast Update − Struggling between greed and fear by Danske Bank A/S
Currencies at a Glance
- EUR/USD
- Continues to move up above second resistant level 1.5573
05/06/2008 15:58 GMT - GBP/USD
- Moves up above pivot level 1.9719
05/06/2008 15:58 GMT - USD/CHF
- Continues to move down towards third support level 1.0413
05/06/2008 15:59 GMT - USD/JPY
- Continues to move down below second support level 104.21
05/06/2008 15:59 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
Germany FACTORY ORDERS S.A.
| Date (GMT) | Event | Cons. | Previous | |
| May 7 | 10:00 | Factory Orders n.s.a. (YoY) | 5.7% | 9.0% |
| May 7 | 10:00 | Factory Orders s.a. (MoM) | 0.2% | -0.5% |
EMU economic indicators - ECB set to keep refi rate unchanged by BHF−Bank
German industrial new orders might only have stabilized in March, as the correlated climate indicators sent mixed signals. However, the February figure could be revised upwards. Output in the German producing sector will probably have dropped in March, particularly because construction activities declined.
[ Full Story ]Top Market Movers Review
Canada IVEY PURCHASING MANAGERS INDEX
| Date (GMT) | Event | Actual | Cons. | Previous | |
| May 6 | 14:00 | Ivey Purchasing Managers Index | 57.6 | 55.0 | 59.0 |
Daily Forex Technical Report − Focus in CAD and European Crosses, RBA on Hold by ActionForex.com
With strong oil prices as background, markets will also pay close attention to Canadian data today, in particular Ivey PMI which is expected to drop considerably from 59 to 54.5 in Apr.
[ Full Story ]- Canada Morning: C$ Up On Strong Data, Higher Oil Prices (Dow Jones)
- Canadian Ivey PMI declined in April (FXstreet.com)
- Canada Ivey Purchasing Managers Index decreases to 57.6 in Apr from 59 in Mar (FXstreet.com)
Canada BUILDING PERMITS
| Date (GMT) | Event | Actual | Cons. | Previous | |
| May 6 | 12:30 | Building Permits (MoM) | -4.5% | 1.2% | -1.0% |
Daily Forex Technical Report − Focus in CAD and European Crosses, RBA on Hold by ActionForex.com
Building permits is expected to rebound by rising 1.4% in Mar. Though, USD/CAD is still bounded in wide range consolidation and today's data is not likely to trigger any break out yet.
[ Full Story ]- Canada Morning: C$ Up On Strong Data, Higher Oil Prices (Dow Jones)
- Canadian building permits tumble in March (FXstreet.com)
- Canada Building Permits falls 4.5% in Mar from Feb (FXstreet.com)
Economic Events
| Date (GMT) | Country | Event | Actual | Cons. | Previous | |
| May 6 | 12:30 | CA | Building Permits (MoM) (Mar) | -4.5% | 1.2% | -1.0% |
| 14:00 | CA | Ivey Purchasing Managers Index (Apr) | 57.6 | 55.0 | 59.0 | |
| 21:00 | US | ABC Consumer Confidence (May 4) | -41 | |||
| 23:01 | UK | Nationwide Consumer Confidence (Apr) | 74 | 77 | ||
| May 7 | 08:30 | UK | Industrial Production (MoM) (Mar) | -0.1% | 0.3% | |
| 08:30 | UK | Industrial Production (YoY) (Mar) | 0.8% | 1.3% | ||
| 08:30 | UK | Manufacturing Production (MoM) (Mar) | 0.0% | 0.4% | ||