Friday, May 09, 15:58 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
- Review of May 8 meeting: ECB and BoE on hold by FXstreet.com
- Tradable Rates: Bid and Ask real−time data
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Live Sessions Schedule
Understand & Use Fibonacci Ratio's Effectively
Expert: Sunil Mangwani
Start: Mon, May 12, 10:00 GMT
Sponsored by: 
Type of Session: Webinar
Dan Blystone's Daily Briefing
Expert: Dan Blystone
Start: Mon, May 12, 12:30 GMT
Type of Session: Webinar
| Sponsored by | ||||
| Mon, May 12, 10:00 GMT | Understand & Use Fibonacci Ratio's Effectively | Sunil Mangwani | WBN | |
| Mon, May 12, 12:30 GMT | Dan Blystone's Daily Briefing | Dan Blystone | WBN |  |
| Mon, May 12, 14:00 GMT | Derek Frey's Outlook | Derek Frey | WBN |  |
| Mon, May 12, 15:00 GMT | Advanced Methods for Finding Dominant Trends in Forex Markets  | Steve Primo | WBN | |
| Mon, May 12, 16:00 GMT | Weekly Webinar: 1st on Forex − The Week Ahead | Jerry Furst | WBN |  |
Current Session: U.S.
USD/JPY
Mid−Day Forex Technical Report − Yen Maintains Momentum as Risk Aversion Dominates by ActionForex.com
USD/JPY's fall from 105.70 continues today and extends further to as low as 102.61 in early US session. At this point, intraday bias remains on the downside as long as 103.62 minor resistance holds. As discussed before, bearish divergence conditions in 4 hours MACD and RSI argues that whole rebound from 95.77 is over.
- 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
Other Topics for this Session:
Daily Technical Outlook − Daily Technical Outlook by Global Market Research, Inc. (GMR)
Currency Performance
Currency Performance Report − Europe Session Performance by FXstreet.com
Currencies at a Glance
- EUR/USD
- Stays around first resistant level 1.5461
05/09/2008 15:29 GMT - GBP/USD
- Continues to trade around first support level 1.9488
05/09/2008 15:29 GMT - USD/CHF
- Moves up back around first support level 1.0451
05/09/2008 15:30 GMT - USD/JPY
- Moves up back around first support level 103.11
05/09/2008 15:30 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
UK TOTAL TRADE BALANCE
| Date (GMT) | Event | Cons. | Previous | |
| May 12 | 08:30 | Total Trade Balance | - | -4.4B |
| May 12 | 08:30 | Goods Trade Balance | - | -£7.5B |
Hedging Range Trades - Pound Price Action Inching Lower, Hedge Offers Entry by FXCM
The Pound has been gradually declining against the US dollar along a well−defined downward−sloping channel since mid−March. The latest price action sees the pair at the bottom of this channel, with the coming days sure to bring volatility as the Bank of England readies an interest rate announcement.
[ Full Story ]Top Market Movers Review
US TRADE BALANCE
| Date (GMT) | Event | Actual | Cons. | Previous | |
| May 9 | 12:30 | Trade Balance | -$58.21B | -$61.40B | -$61.71B |
US trade deficit narrows in March on lower car and industrial supply imports (FXstreet.com)
US deficit in goods and services trade has narrowed somewhat in March, as imports decreased more than exports, according to data released by the US Commerce Department.
[ Full Story ]- Read the official data at the Bureau of Economic Analysis
- Forex − Dollar firms after better−than−expected U.S. trade data (Thomson Financial News)
- US March trade deficit falls 5.7 pct to $58.2 bln as economy slows UPDATE (Thomson Financial News)
- March trade deficit drops by bigger−than−expected amount (Thomson Financial News)
US economic indicators - Trade deficit could have remained on a higher level in March, partly due to higher import prices by BHF−Bank
Canada UNEMPLOYMENT RATE
| Date (GMT) | Event | Actual | Cons. | Previous | |
| May 9 | 11:00 | Unemployment Rate | 6.1% | 6.0% | 6.0% |
| May 9 | 11:00 | Net Change in Employment | 19.2 | 12.5 | 14.6 |
Canadian unemployment rate edges up in April; so does employment (FXstreet.com)
Unemployment rate increased slightly in Canada in April despite the mild rise on net jobs creation, similar to the one posted in the previous week, according to data released by Statistics Canada.
[ Full Story ]- Read the Unemployment data at Statistics Canada
- Canada Morning: C$ Higher But Still In Range After Good Data (Dow Jones)
- Forex − Canadian dollar strengthens on employment gain UPDATE (Thomson Financial News)
- Forex − Canadian dollar strengthens on employment gain (Thomson Financial News)
Economic Events
| Date (GMT) | Country | Event | Actual | Cons. | Previous | |
| May 9 | 12:30 | CA | International Merchandise Trade (Mar) | $5.53B | $4.50B | $4.79B |
| 12:30 | US | Trade Balance (Mar) | $-58.21B | -$61.40B | -$61.71B |
|
| May 11 | 11:50 | JP | Money Supply M2+CD (YoY) (Apr) | 2.2% | ||
| May 12 | 01:30 | AU | Home Loans (Mar) | -5.9% | ||
| 01:30 | AU | Investment Lending (Mar) | -9.5% | |||
| 06:00 | JP | Machine Tool Orders (YoY) (Apr) | 3.3 | |||
| 08:30 | UK | Goods Trade Balance (Mar) | -£7.5B | |||