Thursday, May 08, 15:47 GMT
ASIA-PACIFIC Trading Newsletter
To Get Started
- Webinar videos: Day Trading Series - Chapter VI: Tips and Tricks for Successful Day Trading by Markus Heitkoetter
- FX Services: Day trading resources
- Europe Session Performance by FXstreet.com
- Enjoy the New Streaming FX Charts by NetDania/FXCM
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Live Sessions Schedule
Banging around the Bands
Expert: Chris Capre
Start: Fri, May 9, 14:00 GMT
Type of Session: Webinar
Fibonacci Friday
Expert: Andrei Pehar
Start: Fri, May 9, 15:00 GMT
Type of Session: Webinar
| Sponsored by | ||||
| Thu, May 8, 17:00 GMT | Live Look at Today's Markets | Derek Frey | WBN |  |
| Fri, May 9, 10:00 GMT | Advanced APF Methods To Determine The Price Momentum  | Sunil Mangwani | WBN |  |
| Fri, May 9, 14:00 GMT | Banging around the Bands | Chris Capre | WBN |  |
| Fri, May 9, 15:00 GMT | Fibonacci Friday | Andrei Pehar | WBN | |
| Mon, May 12, 10:00 GMT | Understand & Use Fibonacci Ratio's Effectively | Sunil Mangwani | WBN | |
Current Session: U.S.
EUR/USD
Currency Majors Technical Analysis − EUR USD is in a consolidation after the last bearish movement by Mataf.net
1,5357. EUR USD is in a consolidation after the last bearish movement. The volatility decreases. Bollinger bands are parallel and form the trend. ForexTrend 4H (Mataf Trend Indicator) is in a bearish configuration. 4H ForexSto (Modified Stochastic) indicate a bearish pressure on EUR USD. The downtrend should continue on 1,5220 (140 pips) support.
- Raghee Horner's Four Step Trading: Forex by Raghee Horner, co−Founder and Lead Trader Raghee.com
- Check out how pairs moved: Live Currency Rates & Charts
- Follow up the most relevant Economic Data in the new Real Time Economic Calendar
Currency Performance
Currency Performance Report − Europe Session Performance by FXstreet.com
FX' Signal
Spot Forex Trades − 14pips USDCHF Mission Accomplished by ForexSurvivor
Currencies at a Glance
- EUR/USD
- Stays around opening price level 1.5389 , below pivot level 1.5431
05/08/2008 15:41 GMT - GBP/USD
- Moves down below pivot level 1.9592
05/08/2008 15:42 GMT - USD/CHF
- Continues to move down around first support level 1.0510
05/08/2008 15:42 GMT - USD/JPY
- Moves down below second support level 104.03
05/08/2008 15:43 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 TRADE BALANCE
| Date (GMT) | Event | Cons. | Previous | |
| May 9 | 12:30 | Trade Balance | -$61.40B | -$62.32B |
US economic indicators - Trade deficit could have remained on a higher level in March, partly due to higher import prices by BHF−Bank
The US trade deficit widened unexpectedly by more than $3bn to –$62.3bn in February, although exports expanded sharply by 2.0% mom. But imports went up even more, by 3.1% mom, particularly due to a surge in natural gas and automobile imports. The latter was a surprise, given the slowdown in consumption.
[ Full Story ]Top Market Movers Review
US WHOLESALE INVENTORIES
| Date (GMT) | Event | Actual | Cons. | Previous | |
| May 8 | 14:00 | Wholesale Inventories | -0.1% | 0.5% | 0.9% |
DATA SNAP: US Wholesale Inventories Below Expectations (Dow Jones)
U.S. wholesale inventories unexpectedly dipped during March, with plunges in petroleum and farm products, while sales of goods soared. Wholesale inventories decreased 0.1% to a seasonally adjusted $420.77 billion, after rising a downwardly revised 0.9% during February, the Commerce Department said Thursday.
[ Full Story ]- Read the Wholesale Inventories data at Census Bureau
- US March wholesale inventories down 0.1 pct, sales up 1.6 pct (Thomson Financial News)
- US wholesale inventories edge down in March, against expectations (FXstreet.com)
- US Wholesale Inventories decline 0.1% in Mar; 0.5% rise expected (FXstreet.com)
US economic indicators - ISM non−manufacturing index is likely to have fallen in April by BHF−Bank
EMU ECB TRICHET'S SPEECH
| Date (GMT) | Event | Actual | Cons. | Previous | |
| May 8 | 12:30 | ECB Trichet's Speech | - | - | - |
Trichet says current ECB rates will help control inflation UPDATE (Thomson Financial News)
European Central Bank President Jean−Claude Trichet said the current level of ECB interest rates will help control euro zone inflation pressures. "We believe that the current monetary policy stance will contribute to achieving our objective," Trichet said in his introductory statement to the ECB's monthly news conference.
[ Full Story ]- Read Jean−Claude Trichet's Introductory statement at ECB
- Euro Hits Intraday High Above $1.5400 On Trichet Remarks (Dow Jones)
- Verbatim: ECB Trichet's Introductory Statement −2− (Dow Jones)
- Verbatim: ECB Trichet's Introductory Statement May 8 (Dow Jones)
After the ECB meeting: Hawks spread wings by X−Trade Brokers, XTB
Economic Events
| Date (GMT) | Country | Event | Actual | Cons. | Previous | |
| May 8 | 12:30 | EMU | ECB Trichet's Speech | |||
| 14:00 | US | Wholesale Inventories (Mar) | -0.1% | 0.5% | 0.9% |
|
| 16:30 | US | Fed's Former Chairman Greenspan Speech | ||||
| May 9 | 01:30 | AU | RBA Monetary Policy Statement | |||
| 05:00 | JP | Coincident Index (Mar)  | 33.3% | 70.0% | ||
| 05:00 | JP | Leading Economic Index (Mar) | 20.0 | 54.5 | ||
| 11:00 | CA | Net Change in Employment (Apr) | 12.5 | 14.6 | ||