Wednesday, Jun 04, 16:25 GMT
ASIA-PACIFIC Trading Newsletter
To Get Started
- Webinar videos: Institutional Trading Strategies by Andrei Pehar
- ECB and BoE: Preview of Jun 5 meetings by FXstreet.com
- Live Charts Window: Detach it!
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Live Sessions Schedule
Live Look at Today's Markets
Expert: Derek Frey
Start: Wed, Jun 4, 17:00 GMT
Sponsored by: 
Type of Session: Webinar
Back to Basics −The RSI indicator; one of my favorites
Expert: Adam Rosen
Start: Thu, Jun 5, 14:00 GMT
Type of Session: Webinar
| Sponsored by | ||||
| Wed, Jun 4, 15:00 GMT | Institutional Trading Strategies  | Andrei Pehar | WBN |  |
| Wed, Jun 4, 17:00 GMT | Live Look at Today's Markets | Derek Frey | WBN | |
| Thu, Jun 5, 11:00 GMT | FX Instructor Live Trading Room | Mark De La Paz | WBN |  |
| Thu, Jun 5, 12:00 GMT | US Pre−Market Open | Ed Ponsi | WBN | |
| Thu, Jun 5, 13:30 GMT | US Pre−Market Open | Ed Ponsi | WBN | |
Current Session: U.S.
USD/JPY
Technical Summary for Majors − Remains in uptrend from 95.72 by Windsor Brokers Ltd
Remains in uptrend from 95.72, 17 Mar yearly low, with 105.87 high being reached so far on 29 May. Correction to 103.87 low seen yesterday followed, ahead of renewed strength to 105.56. Subsequent pullback left a higher low at 104.54 today, confirming short−term bulls. Fresh gains now attempting towards 105.56, break of which will expose key 105.70/87 levels and clearance there will resume uptrend towards 106.60 next. Only loss of 103.87 would weaken the near−term picture.
- New Technical Blog − Operators' intentions by Dr. S. Sivaraman, of i−knowindices.com
- 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:
Chart of the Day − EUR/USD by FX Solutions
Daily Analysis − Dollar continues to strength by Finotec Group Inc.
FX Thoughts for the Day − FX Thoughts for the Day by Kshitij Consultancy Service
Daily Forex News − Forex − Bernanke announces wish of "strong and stable dollar" by ACM − Advanced Currency Markets
Currency Performance
Currency Performance Report − Europe Session Performance by FXstreet.com
FX Analysts' Comments
US session moves by Dr. S. Sivaraman, of i−knowindices.com
FX' Signal
Trade Signals − Matsys D Trade Signals by Fxwintrades
Currencies at a Glance
- EUR/USD
- Continues to trade around opening price level 1.5444 , below pivot level 1.5493
06/04/2008 15:47 GMT - GBP/USD
- Moves down towards second support level 1.9522
06/04/2008 15:47 GMT - USD/CHF
- Back around opening price level 1.0419 , above pivot level 1.0394
06/04/2008 15:47 GMT - USD/JPY
- Back around opening price level 105.09 , above pivot level 104.83
06/04/2008 15:48 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
New Zealand RBNZ INTEREST RATE DECISION
| Date (GMT) | Event | Cons. | Previous | |
| Jun 4 | 21:00 | RBNZ Interest Rate Decision | 8.25% | 8.25% |
Daily Market Report - Investors expect the Reserve Bank of New Zealand to keep rates steady on Thursday by Wachovia
News of possible further credit write downs and capital raises by American financial companies pushed the U.S. dollar down versus currencies such as the Swiss franc, Japanese yen, and euro.
[ Full Story ]Top Market Movers Review
US ISM NON−MANUFACTURING
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Jun 4 | 14:00 | ISM Non−Manufacturing | 51.7 | 51.0 | 52.0 |
US ISM services decline, softer than expected in May (FXstreet.com)
Economic activity in the US services sector has expanded in May at a slightly slower pace than in April, although the latest ISM index has been better than expected, according to the latest Non−Manufacturing ISM Report on Business.
[ Full Story ]- Read the Non−Manufacturing survey at ISM
- UPDATE: US Service Sector Slows In May, As Price Gains Alarm (Dow Jones)
- Service sector grew at slower pace in May (Thomson Financial News)
- ISM May services index falls to 51.7 vs 51.0 expected (Thomson Financial News)
Mid−Day Forex Technical Report − Dollar Steady after ISM Services and ADP by ActionForex.com
Daily Forex Technical Report − Dollar Firm, Focus on ISM Services and ADP Employment by ActionForex.com
US economic indicators - ISM non−manufacturing index is likely to have fallen below 50 in May by BHF−Bank
US NONFARM PRODUCTIVITY
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Jun 4 | 12:30 | Nonfarm Productivity | 2.6% | 2.5% | 1.8% |
| Jun 4 | 12:30 | Unit Labor Costs | 2.2% | 2.0% | 4.7% |
DATA SNAP: Strong US Productivity Eases Some Inflation Risk (Dow Jones)
U.S. productivity rose sharply in the first quarter despite a weak economy, according to revised government data, suggesting companies have responded quickly to soft demand by shedding workers and cutting back on hours.
[ Full Story ]- Read the Productivity and Costs data at Labor Department
- Productivity improves while wage pressures moderate (Thomson Financial News)
- US Q1 productivity revised higher to 2.6 pct, labor costs unrevised UPDATE (Thomson Financial News)
- US Q1 productivity revised higher to 2.6 pct, labor costs unrevised at 2.2 pct (Thomson Financial News)
US ADP EMPLOYMENT CHANGE
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Jun 4 | 12:15 | ADP Employment Change | 40K | -30K | 13K |
UPDATE: ADP Sees May US Private Sector Jobs +40,000 (Dow Jones)
Private sector jobs rose by 40,000 in the U.S. in May, according to the ADP national employment report, released Wednesday by payroll giant Automatic Data Processing (ADP) and consultancy Macroeconomic Advisers.
[ Full Story ]- Read the Employment data at ADP
- ADP report says US gained 40,000 private jobs in May vs 30,000 loss seen UPDATE (Thomson Financial News)
- U.S. stock futures fall, ignoring surprise rise in ADP employment report (Thomson Financial News)
- ADP report says US gained 40,000 private jobs in May vs 30,000 loss seen (Thomson Financial News)
Mid−Day Forex Technical Report − Dollar Steady after ISM Services and ADP by ActionForex.com
Daily Forex Technical Report − Dollar Firm, Focus on ISM Services and ADP Employment by ActionForex.com
Economic Events
| Date (GMT) | Country | Event | Actual | Cons. | Previous | |
| Jun 4 | 14:00 | US | ISM Non−Manufacturing (May) | 51.7 | 51.0 | 52.0 |
| 14:35 | US | EIA Crude Oil Stocks change | -4.8M | 0.2M | -8.8M | |
| 21:00 | NZ | RBNZ Interest Rate Decision | 8.25% | 8.25% | ||
| Jun 5 | 01:30 | AU | Trade Balance (Apr) | -1700M | -2736M | |
| 10:00 | DE | Factory Orders n.s.a. (YoY) (Apr) | 6.4% | -5.0% | ||
| 10:00 | DE | Factory Orders s.a. (MoM) (Apr) | 0.4% | -0.6% | ||
| 11:00 | UK | BoE Interest Rate Decision | 5% | 5% | ||