Monday, Jun 02, 16:15 GMT
ASIA-PACIFIC Trading Newsletter
To Get Started
- Webinar videos: How New US Regulations on the Financial Markets will Affect Currency Trading by Rob Booker
- Europe Session Performance by FXstreet.com
- USD is weakening against the other majors
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Live Sessions Schedule
Outlook for the major currencies this week
Expert: Ian Copsey
Start: Tue, Jun 3, 08:00 GMT
Sponsored by: 
Type of Session: Webinar
Dan Blystone's Daily Briefing
Expert: Dan Blystone
Start: Tue, Jun 3, 12:30 GMT
Type of Session: Webinar
| Sponsored by | ||||
| Mon, Jun 2, 16:00 GMT | Weekly Webinar: 1st on Forex − The Week Ahead | Jerry Furst | WBN |  |
| Tue, Jun 3, 08:00 GMT | Outlook for the major currencies this week | Ian Copsey | WBN | |
| Tue, Jun 3, 11:00 GMT | FX Instructor Live Trading Room  | Mark De La Paz | WBN |  |
| Tue, Jun 3, 12:00 GMT | US Pre−Market Open | Ed Ponsi | WBN |  |
| Tue, Jun 3, 12:30 GMT | Dan Blystone's Daily Briefing | Dan Blystone | WBN | |
Current Session: U.S.
EUR/USD
Currency Majors Technical Analysis − 1,5491. EUR USD is in an downtrend directed by 1H exponential moving averages by Mataf.net
1,5491. EUR USD is in an downtrend directed by 1H exponential moving averages. EUR USD is in a consolidation after the last bearish movement. EUR USD is in a range between 1,5470 and 1,5570. The volatility is low. ForexTrend 1H (Mataf Trend Indicator) is in a bearish configuration. The downtrend should continue to gather momentum.
- Dan Blystone's Daily Briefing
- Trading with Bollinger Bands and the ATR John Jagerson, Founder 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 − ISM Still in Contraction, Yen Higher on Risk Aversion by ActionForex.com
FX Analysts' Comments
Big Week Ahead − Non−US Interest Rates and NFP by Jerry Furst, Director Investors Education Network
Currencies at a Glance
- EUR/USD
- Moves up back around pivot level 1.5528
06/02/2008 15:30 GMT - GBP/USD
- Moves up back above second support level 1.9636
06/02/2008 15:30 GMT - USD/CHF
- Moves down below opening price level 1.0411 , below pivot level 1.0452
06/02/2008 15:31 GMT - USD/JPY
- Continues to move down below 104.60 , below third support level 104.70
06/02/2008 15:31 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
EMU GROSS DOMESTIC PRODUCT S.A.
| Date (GMT) | Event | Cons. | Previous | |
| Jun 3 | 09:00 | Gross Domestic Product s.a. (YoY) | 2.2% | 2.2% |
| Jun 3 | 09:00 | Gross Domestic Product s.a. (QoQ) | 0.7% | 0.4% |
EMU economic indicators - The outlook for real GDP growth will probably be revised downwards by BHF−Bank
The RBS purchasing managers' indices for the German and the EMU manufacturing sector for May are not likely to be revised significantly. The same applies to the EMU GDP in Q1. The detailed breakdown of the GDP components will also be published.
[ Full Story ]Top Market Movers Review
US ISM MANUFACTURING
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Jun 2 | 14:00 | ISM Manufacturing | 49.6 | 48.5 | 48.6 |
US ISM May Mfg Business Index 49.6 (Dow Jones)
U.S. manufacturing activity contracted for the fourth consecutive month in May, with price pressures again intensifying, according to a report released Monday.
[ Full Story ]- Read the Manufacturing report at ISM
- UPDATE: Dollar's ISM Gains Are Cut Short By Risk Aversion (Dow Jones)
- U.S. May ISM manufacturing index rises to 49.6 vs 48.5 expected UPDATE (Thomson Financial News)
- U.S. May ISM manufacturing index rises to 49.6 vs 48.5 expected (Thomson Financial News)
Mid−Day Forex Technical Report − ISM Still in Contraction, Yen Higher on Risk Aversion by ActionForex.com
Daily Market Report - Today, major U.S. economic releases include ISM and Construction Spending at 10:00 AM by Wachovia
Wakeup Call on Forex Markets - ISM Manufacturing to Provide for Direction by Saxo Bank
Economic Events
| Date (GMT) | Country | Event | Actual | Cons. | Previous | |
| Jun 2 | 14:00 | US | Construction Spending (MoM) (Apr) | -0.4% | -0.6% | -0.6% |
| 14:00 | US | ISM Manufacturing (May) | 49.6 | 48.5 | 48.6 | |
| Jun 3 | 01:30 | AU | Building Permits (MoM) (Apr) | -1.0% | -5.7% | |
| 01:30 | AU | Building Permits (YoY) (Apr) | -3.3% | -0.7% | ||
| 01:30 | AU | Current Account Balance (1Q) | -20500M | -19350M | ||
| 04:30 | AU | RBA Interest Rate Decision | 7.25% | 7.25% | ||
| 04:30 | AU | RBA Monetary Policy Statement | ||||