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ASIA-PACIFIC Trading Newsletter
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Understand & Use Fibonacci Ratio's Effectively
Expert: Sunil Mangwani
Start: Mon, Jun 9, 10:00 GMT
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Type of Session: Webinar
Dan Blystone's Daily Briefing
Expert: Dan Blystone
Start: Mon, Jun 9, 12:30 GMT
Type of Session: Webinar
| Sponsored by | ||||
| Mon, Jun 9, 10:00 GMT | Understand & Use Fibonacci Ratio's Effectively | Sunil Mangwani | WBN | |
| Mon, Jun 9, 12:30 GMT | Dan Blystone's Daily Briefing | Dan Blystone | WBN |  |
| Mon, Jun 9, 13:00 GMT | Sentiment Indicators  | John Jagerson | WBN |  |
| Mon, Jun 9, 14:00 GMT | Derek Frey's Outlook | Derek Frey | WBN |  |
| Mon, Jun 9, 15:00 GMT | Advanced Methods for Finding Dominant Trends in Forex Markets | Mark Whistler | WBN | |
Current Session: U.S.
EUR/USD
Mid−Day Forex Technical Report − Dollar Sold off after Unexpected Surge in Unemployment Rate by ActionForex.com
EUR/USD's rise from 1.5365 extends further to as high as 1.5700 in early US session. At this point, intraday bias remains on the upside as long as 1.5570 minor support holds. Break of 1.5628 resistance confirms that fall from 1.5818 has completed. Also, it suggests that corrective rise from 1.5284 is possibly resuming. Break of 1.5818 high will encourage further rise to 100% projection of 1.5284 to 1.5818 from 1.5365 at 1.5899. Below 1.5570 will turn intraday outlook neutral first.
- New Technical Blog − Operators' intentions by Dr. S. Sivaraman, of i−knowindices.com
- Combining Fundamental and Technical Analysis S. Wade Hansen, 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:
Daily Technical Strategist − EURUSD: Halts Downside Decline, Begins A Corrective Bounce by FXTechstrategy
FX Technical Strategy − Range for a change? by Lloyds TSB Financial Markets
Daily Analysis − Dollar dips after 3 day rally, Euro climbs to $1.56 by Finotec Group Inc.
Picking Tops and Bottoms − Dollar / Yen Tops Out Near 106 by FXCM
FX Analysts' Comments
Upward stop hunt done− now holding high and selling for week end expected by Dr. S. Sivaraman, of i−knowindices.com
FX' Signal
Spot Forex Trades − NFF Trading Signal by ForexSurvivor
Currencies at a Glance
- EUR/USD
- Moves up towards second resistant level 1.5753
06/06/2008 15:20 GMT - GBP/USD
- Moves up towards third resistant level 1.9766
06/06/2008 15:21 GMT - USD/CHF
- Moves down below second support level 1.0247
06/06/2008 15:21 GMT - USD/JPY
- Moves down below first support level 105.27
06/06/2008 15:22 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 INDUSTRIAL PRODUCTION
| Date (GMT) | Event | Cons. | Previous | |
| Jun 10 | 08:30 | Industrial Production (MoM) | - | -0.5% |
| Jun 10 | 08:30 | Industrial Production (YoY) | - | 0.2% |
| Jun 10 | 08:30 | Manufacturing Production (MoM) | - | -0.5% |
| Jun 10 | 08:30 | Manufacturing Production (YoY) | - | 0.6% |
Friday Notes - We expect industrial production to have remained at best flat by HVB Group
We expect industrial production to have remained at best flat in April. Survey indicators of manufacturing activity keep heading south, as high oil prices, a deepening credit crunch as well as faltering domestic and external demand are offsetting the benefit of a weaker sterling.
[ Full Story ]Top Market Movers Review
US WHOLESALE INVENTORIES
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Jun 6 | 14:00 | Wholesale Inventories | 1.3% | 0.5% | 0.1% |
US Wholesale inventories increase above expectations in April (FXstreet.com)
Wholesale inventories have posted a larger than expected increase in the United States in April, due to sharp increases on prices, according to data released by the Commerce Department. US Wholesale inventories have increased 1.3% in April to $427.36, from the upwardly revised 0.1% increase posted in March, previously estimated as a 0.1 decline.
[ Full Story ]- Read the official data at US Census Bureau
- US April wholesale inventories up 1.3 pct, sales up 1.4 pct (Thomson Financial News)
- DATA SNAP: US Wholesale Inventories Above Expectations (Dow Jones)
- US Wholesale Inventories increase 1.3% in Apr; 0.5% expected (FXstreet.com)
US NONFARM PAYROLLS
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Jun 6 | 12:30 | Nonfarm Payrolls | -49K | -52K | -28K |
| Jun 6 | 12:30 | Unemployment Rate | 5.5% | 5.1% | 5.0% |
DATA SNAP: Huge US Jobless Rt Rise Takes Fed Hikes Off Table (Dow Jones)
The U.S. employment rate posted its sharpest one−month increase in 12 years last month, suggesting U.S. consumers already facing a housing slump and soaring gasoline prices now confront growing pressure from a weakening jobs market.
[ Full Story ]- Read the Employment Situation data at Labor Department
- Forex − Dollar falls as U.S. unemployment rate jumps (Thomson Financial News)
- DATAWATCH May payroll drop, unemployment surge indicate stalling economy UPDATE (Thomson Financial News)
- CORRECT: US Jobless Rate Posts Sharpest 1−Mo Rise In 22 Yrs (Dow Jones)
Mid−Day Forex Technical Report − Dollar Sold off after Unexpected Surge in Unemployment Rate by ActionForex.com
Daily Market Report - The market will be closely watching the U.S. employment data report at 8:30 am this morning by Wachovia
Daily Forex Technical Report − Focus on US & Canada Employment Reports by ActionForex.com
Economic Events
| Date (GMT) | Country | Event | Actual | Cons. | Previous | |
| Jun 6 | 12:30 | US | Average Weekly Hours (May) | 33.7 | 33.7 | 33.7 |
| 14:00 | US | Wholesale Inventories (Apr) | 1.3% | 0.5% | 0.1% |
|
| 19:00 | US | Consumer Credit (Apr) | $7.30B | $15.29B | ||
| Jun 8 | 23:50 | JP | Money Supply M2+CD (YoY) (May) | 1.9% | ||
| Jun 9 | 05:00 | JP | Coincident Index (Apr)  | 30% | ||
| 05:00 | JP | Leading Economic Index (Apr) | 18.2 | |||
| 05:45 | CH | Unemployment Rate (May) | 2.6% | |||