Thursday, Jun 05, 16:02 GMT
ASIA-PACIFIC Trading Newsletter
To Get Started
- Webinar videos: Institutional Trading Strategies by Andrei Pehar
- EUR/USD moves up after Trichet speech
- Compare the World Interest Rates in our table
Note that our messages might be blocked by anti-spam filters so please add newsletter@fxstreet.com or our domain (fxstreet.com) to your address book.
Live Sessions Schedule
Live Look at Today's Markets
Expert: Derek Frey
Start: Thu, Jun 5, 17:00 GMT
Sponsored by: 
Type of Session: Webinar
SPECIAL EVENT: Trade Non−Farm Payrolls LIVE − 25th Edition
Expert: Wayne McDonell
Start: Fri, Jun 6, 11:30 GMT
Sponsored by: 
Type of Session: Webinar
| Sponsored by | ||||
| Thu, Jun 5, 14:00 GMT | Back to Basics −The RSI indicator; one of my favorites | Adam Rosen | WBN |  |
| Thu, Jun 5, 15:00 GMT | How to Get Started Trading Forex | Mark Whistler | WBN | |
| Thu, Jun 5, 17:00 GMT | Live Look at Today's Markets | Derek Frey | WBN | |
| Fri, Jun 6, 11:30 GMT | SPECIAL EVENT: Trade Non−Farm Payrolls LIVE − 25th Edition | Wayne McDonell | WBN | |
| Mon, Jun 9, 13:00 GMT | Sentiment Indicators  | John Jagerson | WBN |  |
Current Session: U.S.
EUR/USD
Mid−Day Forex Technical Report − Euro Boosted by Possibility of a Jul Hike from ECB by ActionForex.com
EUR/USD's strong rebound from 1.5365 indicates that an intraday low is in place and outlook is turned neutral for the moment. More recovery could be seen but further decline is still in favor as long as 1.5628 resistance holds. As discussed before, fall from 1.5818 is treated as resumption of the whole fall from 1.6019.
- 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:
Technical Summary for Majors − EURUSD: Continues reversal from 1.5818, 27 May lower top, to nearly fully retrace 1.5285/1.5818 upleg by Windsor Brokers Ltd
Daily Technical Outlook − Daily Technical Outlook by Global Market Research, Inc. (GMR)
Currency Majors Technical Analysis by Mataf.net
EMarket Session Recaps − London Session by FOREX.com
Currency Performance
Currency Performance Report − Europe Session Performance by FXstreet.com
FX Analysts' Comments
EURO and GBP rise − as expected before hand by Dr. S. Sivaraman, of i−knowindices.com
FX' Signal
Daily Scalping Tip − Daily Scalping Tip by PipsandTips.com
Currencies at a Glance
- EUR/USD
- Moves up above third resistant level 1.5540
06/05/2008 15:32 GMT - GBP/USD
- Moves up back around opening price level 1.9554 , below pivot level 1.9572
06/05/2008 15:33 GMT - USD/CHF
- Drops below pivot level 0.7834
06/05/2008 15:33 GMT - USD/JPY
- Trades below third resistant level 106.36
06/05/2008 15:34 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 INDUSTRIAL PRODUCTION S.A.
| Date (GMT) | Event | Cons. | Previous | |
| Jun 6 | 10:00 | Industrial Production s.a. (MoM) | 0.2% | -0.5% |
| Jun 6 | 10:00 | Industrial Production s.a. w.d.a. (YoY) | 6.3% | 4.7% |
EMU economic indicators - Output in the German producing sector might have improved slightly in April by BHF−Bank
German industrial new orders probably decreased in April, as the correlated climate indicators had deteriorated. However, output in the German producing sector might have increased slightly in April, due to a rebound in construction activities.
[ Full Story ]Top Market Movers Review
EMU ECB TRICHET'S SPEECH
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Jun 5 | 12:30 | ECB Trichet's Speech | - | - | - |
UPDATE: ECB Trichet: Upside Risks To CPI Have Increased (Dow Jones)
European Central Bank President Jean−Claude Trichet said Thursday that inflationary pressures in the euro zone will last longer than previously expected, with risks to price stability increasing further in the wake of robust food and oil prices.
[ Full Story ]- Read full Jean−Claude Trichet's Introductory statement at ECB
- Forex − Euro surges after ECB's Trichet hints at near−term interest rate hike (Thomson Financial News)
- ECB raises euro zone 2008, 2009 inflation forecasts UPDATE (Thomson Financial News)
- Trichet says July rate decision will be based on all information available then (Thomson Financial News)
- Jean−Claude Trichet, European Central Bank president: "The ECB governing council is in a state of heightened alertness. By acting in a firm and timely manner, we will prevent second−round [inflation] effects and ensure that risks to price stability over the medium term do not materialize." − MarketWatch
Mid−Day Forex Technical Report − Euro Boosted by Possibility of a Jul Hike from ECB by ActionForex.com
US INITIAL JOBLESS CLAIMS
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Jun 5 | 12:30 | Continuing Jobless Claims | 3093K | 3110K | 3104K |
| Jun 5 | 12:30 | Initial Jobless Claims | 357K | 370K | 375K |
U.S. weekly jobless claims fell 18,000 to 357,000; continuing claims down 16,000 (Thomson Financial News)
The number of individuals filing new claims for unemployment insurance fell unexpectedly in the week, while the number of those continuing to file claims for unemployment fell as expected, the Labor Department said today.
[ Full Story ]- Read the Jobless Claims data at Labor Department
- U.S. weekly jobless claims fell 18,000 to 357,000 UPDATE (Thomson Financial News)
- Jobless claims show unexpected improvement (Thomson Financial News)
- Dollar Advances More Vs Yen, Euro On US Weekly Jobs Data (Dow Jones)
Economic Events
| Date (GMT) | Country | Event | Actual | Cons. | Previous | |
| Jun 5 | 12:30 | EMU | ECB Trichet's Speech | |||
| 14:00 | CA | Ivey Purchasing Managers Index (May) | 62.5 | 58.0 | 57.6 | |
| Jun 6 | 06:30 | AU | Foreign Reserves (May) | 35.8B | ||
| 10:00 | DE | Industrial Production s.a. (MoM) (Apr) | 0.2% | -0.5% | ||
| 10:00 | DE | Industrial Production s.a. w.d.a. (YoY) (Apr) | 6.3% | 4.7% | ||
| 11:00 | CA | Net Change in Employment (May) | 8.5K | 19.2 | ||
| 11:00 | CA | Unemployment Rate (May) | 6.1% | 6.1% | ||