Wednesday, Jul 02, 15:58 GMT
ASIA-PACIFIC Trading Newsletter
The Forex Game: Win a Sony Vaio
The Dollar is bearish, but the Duellar is bullish. Play on real charts: Challenge fellow traders, snatch their duellars and win a SONY VAIO!Sponsored by:
To Get Started
- Webinar videos: MONTHLY WEBINAR - Understanding The Creation Of Candles In Forex Trading by Sam Seiden
- Postcards from the Right Edge: Crickets Invade Europe, Trendline attacked first. EUR/USD by Rob Booker
- FX Path: EUR/USD Wednesday Morning (NY) Update by James Chen
- Central Banks: ECB − Preview of Jul 3 Meeting by FXstreet.com
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Live Sessions Schedule
SPECIAL EVENT: Trade Non−Farm Payrolls LIVE − 26th Edition
Expert: Wayne McDonell
Start: Thu, Jul 3, 11:30 GMT
Sponsored by: 
Type of Session: Webinar
How To Backtest a Trading System
Expert: Valeria Bednarik
Start: Fri, Jul 4, 12:00 GMT
Type of Session: Webinar
| Sponsored by | ||||
| Wed, Jul 2, 16:00 GMT | Trading Myths and Realities for Globalization 3.0 Era of Credit Crisis Cycles | John W. O'Donnell | WBN |  |
| Thu, Jul 3, 11:30 GMT | SPECIAL EVENT: Trade Non−Farm Payrolls LIVE − 26th Edition | Wayne McDonell | WBN | |
| Fri, Jul 4, 10:00 GMT | Advanced APF Methods To Determine The Price Momentum  | Sunil Mangwani | WBN |  |
| Fri, Jul 4, 12:00 GMT | How To Backtest a Trading System | Valeria Bednarik | WBN | |
| Fri, Jul 4, 15:00 GMT | Fibonacci Friday | Andrei Pehar | WBN | |
Current Session: U.S.
USD/CHF
Mid−Day Forex Technical Report − Dollar Still Pressured After Disappointing ADP Employment Report by ActionForex.com
USD/CHF continues to engage in choppy sideway trading above 1.0129 low today. Further consolidation cannot be ruled out but upside of recovery should be limited by 38.2% retracement of 1.0539 to 1.0129 at 1.0286. As discussed before, break of short term rising trend line support with daily MACD dipped into negative region argues that medium term rebound from 0.9634 is already completed at 1.0623.
- The Advisor Weblog by Valeria Bednarik, Analyst at MolFX − Management
- The Forex Game: Stop Losing Dollars... Win Duellars!
- Longer−term Support and Resistance Trading: Setups and Rules Rob Booker, Founder and Host TraderRadio.net
- Check out how pairs moved: Live Currency Rates & Charts
Other Topics for this Session:
Currency Technical Report − Technical Market View by FXGreece
Currency Majors Technical Analysis by Mataf.net
Market Session Recaps − London Session by FOREX.com
FX Analysts' Comments
Head & Shoulders by James Chen, Chief Technical Analyst, at FX Solutions
Crickets Invade Europe, Trendline attacked first. EUR/USD by Rob Booker, Currency trader
FX' Signal
Recent Recommended Trades by AceTrader
Currencies at a Glance
- EUR/USD
- Moves up above second resistant level 1.5883
07/02/2008 15:44 GMT - GBP/USD
- Moves up back around pivot level 1.9947
07/02/2008 15:44 GMT - USD/CHF
- Moves down below first support level 1.0148
07/02/2008 15:45 GMT - USD/JPY
- Moves down back around pivot level 105.90
07/02/2008 15:45 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 PURCHASING MANAGER INDEX SERVICES
| Date (GMT) | Event | Cons. | Previous | |
| Jul 3 | 08:00 | Purchasing Manager Index Services | 49.5 | 50.6 |
EMU economic indicators - The flash estimate for June could show EMU inflation increasing to 3.9 % yoy by BHF−Bank
The RBS purchasing managers' indices for the German and the EMU manufacturing sector for June are not likely to be revised significantly.
[ Full Story ]Top Market Movers Review
US FACTORY ORDERS
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Jul 2 | 14:00 | Factory Orders | 0.6% | 0.5% | 1.3% |
DATA SNAP: US May Factory Orders Increase As Expected (Dow Jones)
Factory orders climbed modestly in May, likely boosted by rising prices, while a barometer of capital spending by businesses declined in another sign of weakness in manufacturing and the overall economy.
[ Full Story ]- Read the Factory Orders data at Census Bureau
- US factory orders grow for third consecutive month in May (FXstreet.com)
- US Factory Orders rise 0.6% in May, down from 1.3% in Apr (FXstreet.com)
- Table Of Data On Factory Orders From Commerce (Dow Jones)
US economic indicators - Factory orders could have decreased slightly by 0.1% mom in May by BHF−Bank
US ADP EMPLOYMENT CHANGE
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Jul 2 | 12:15 | ADP Employment Change | -79K | -20K | 25K |
ADP Sees June US Private Sector Jobs Down 79,000 (Dow Jones)
Private sector jobs dropped 79,000 in the U.S. in June, according to the ADP national employment report, released Wednesday by payroll giant Automatic Data Processing (ADP) and consultantcy Macroeconomic Advisers.
[ Full Story ]- Read the Empoyment report at ADP
- 2nd UPDATE: ADP Sees June US Private Sector Jobs Down 79,000 (Dow Jones)
- European govt bonds pare losses on U.S. ADP, but still weak ahead of ECB outcome (Thomson Financial News)
- Forex − Euro extends gains after weak U.S. ADP data, ahead of ECB rate decision (Thomson Financial News)
Mid−Day Forex Technical Report − Dollar Still Pressured After Disappointing ADP Employment Report by ActionForex.com
Daily Analysis - Dollar trading at a three week low before the employment release by Finotec Group Inc.
Daily Forex Strategy Briefing - Awaiting Employment Data by CMS Forex
Economic Events
| Date (GMT) | Country | Event | Actual | Cons. | Previous | |
| Jul 2 | 14:30 | US | EIA Crude Oil Stocks change (Jun 28) | -2.00M | 0.75M | 0.80M |
| 15:00 | US | Treasury Secretary Paulson speech | ||||
| Jul 3 | 01:30 | AU | Trade Balance (May) | -950M | -957M | |
| 03:00 | NZ | ANZ Commodity Price (May) | 1% | |||
| 05:45 | CH | Consumer Price Index (MoM) (Jun) | 0.3% | 0.8% | ||
| 05:45 | CH | Consumer Price Index (YoY) (Jun) | 3.1% | 2.9% | ||
| 06:00 | UK | Halifax House Prices (MoM) (Jun) | -1.0% | -2.4% | ||