Thursday, Jul 03, 15:56 GMT
ASIA-PACIFIC Trading Newsletter
The Forex Game: Win a Sony Vaio
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To Get Started
- Webinar videos: The Weather Report: Ichimoku Cloud Trading by Chris Capre
- The Advisor Weblog: Majors update by Valeria Bednarik
- FX Market Readings: Intentions of big players revealed... by Dr. S. Sivaraman
- Multiple Currency Charts: Watch up to 4 charts at the same time!
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Live Sessions Schedule
How To Backtest a Trading System
Expert: Valeria Bednarik
Start: Fri, Jul 4, 12:00 GMT
Type of Session: Webinar
Fibonacci Friday
Expert: Andrei Pehar
Start: Fri, Jul 4, 15:00 GMT
Type of Session: Webinar
| Sponsored by | ||||
| 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 | |
| Mon, Jul 7, 10:00 GMT | Understand & Use Fibonacci Ratio's Effectively | Sunil Mangwani | WBN |  |
| Mon, Jul 7, 13:00 GMT | Trading Economic Numbers | Adam Rosen | WBN | |
| Mon, Jul 7, 14:00 GMT | Derek Frey's Outlook | Derek Frey | WBN |  |
Current Session: U.S.
EUR/USD
Mid−Day Forex Technical Report − Euro Pulls Back as Trichet Has No Bias, Dollar Rebounds by ActionForex.com
EUR/USD retreats sharply in early US session and break of 1.5775 minor support indicates that an intraday top is already in place at 1.5908. Intraday outlook is turned neutral for the momentum with bias mildly on the downside for deeper pull back to inner rising channel support (now at 1.5721). Nevertheless, downside should be contained by 1.5651 resistance turned support and bring another one more rise.
- 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:
Chart of the Day − EUR/USD by FX Solutions
Currency Snapshot − Batten Down the Hatches – It should be a wild one! by Black Swan Capital
Currency Performance
Currency Performance Report − Europe Session Performance by FXstreet.com
FX Analysts' Comments
Majors update by Valeria Bednarik, Analyst at MolFX − Management
R/USD Thursday Morning (NY) Update by James Chen, Chief Technical Analyst, at FX Solutions
USD/CHF Wednesday Evening (NY) Video Update by James Chen, Chief Technical Analyst at FX Solutions
Currencies at a Glance
- EUR/USD
- Continues to drop below third support level 1.5699
07/03/2008 15:47 GMT - GBP/USD
- Trades below first support level 1.9858
07/03/2008 15:47 GMT - USD/CHF
- Continues to move up above second resistant level 1.0268
07/03/2008 15:47 GMT - USD/JPY
- Moves up above first resistant level 106.52
07/03/2008 15:47 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 FACTORY ORDERS S.A.
| Date (GMT) | Event | Cons. | Previous | |
| Jul 4 | 10:00 | Factory Orders n.s.a. (YoY) | 2% | 15% |
| Jul 4 | 10:00 | Factory Orders s.a. (MoM) | 0.8% | -1.8% |
EMU economic indicators - The flash estimate for June could show EMU inflation increasing to 3.9 % yoy by BHF−Bank
German industrial new orders probably remained more or less stable in May, as the correlated climate indicators had recovered temporarily.
[ Full Story ]Top Market Movers Review
US ISM NON−MANUFACTURING
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Jul 3 | 14:00 | ISM Non−Manufacturing | 48.2 | 51.3 | 51.7 |
US economic indicators - June ISM indices are likely to have deteriorated by BHF−Bank
In contrast to its manufacturing counterpart, the ISM non−manufacturing index returned to expansionary territory in April and May.
[ Full Story ]- DATA SNAP: US Service Sector Sees Record High Price Gains In Jun (Dow Jones)
- June ISM non−manufacturing index falls to 48.2 vs 51.0 expected (Thomson Financial News)
- US non manufacturing ISM index drops to contraction in June (FXstreet.com)
US: ISM defying gravity by Danske Bank A/S
US NONFARM PAYROLLS
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Jul 3 | 12:30 | Nonfarm Payrolls | -62K | -55K | -49K |
| Jul 3 | 12:30 | Unemployment Rate | 5.5% | 5.4% | 5.5% |
DATA SNAP: US Jun Payrolls Fall For Sixth Drop In A Row (Dow Jones)
U.S. payrolls shrank for the sixth consecutive month in June, as businesses faced with rising costs and a weak economy shed more jobs. Non−farm payrolls fell by 62,000, the Labor Department said Thursday.
[ Full Story ]- Read the Employment data at Labor Department
- Economists say US June payroll drop makes Fed rate hike more unlikely (Thomson Financial News)
- US non farm payrolls continue rolling downhill in June (FXstreet.com)
- US June payrolls fall 62,000; unemployment rate steady at 5.5 pct (Thomson Financial News)
Daily Forex News - Forex − Dollar dropped after ADP report ahead of early US jobs release by ACM − Advanced Currency Markets
Daily Forex Technical Report − The Day Finally Comes, ECB and NFP Watched by ActionForex.com
Sunrise Market Commentary - US Treasuries modestly higher on eve of key payrolls report by KBC Bank
EMU ECB INTEREST RATE DECISION
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Jul 3 | 11:45 | ECB Interest Rate Decision | 4.25% | 4.25% | 4.00% |
ECB Hikes Key Interest Rate To 4.25% From 4% (Dow Jones)
The European Central Bank Thursday raised its key interest rate to 4.25% from 4%, as widely expected. The ECB didn't immediately provide a reason for the decision, but President Jean−Claude Trichet will comment at a policy briefing scheduled for 1230 GMT.
[ Full Story ]- Read the Interest Rate statement at ECB
- European govt bonds jump after ECB signals rate hike is a one−off (Thomson Financial News)
- ECB hikes refi rate to 4.25 pct from 4.00, as expected (Thomson Financial News)
- Dollar Steady After ECB Rate Hike As US Jobs Data Loom (Dow Jones)
Market Session Snap−Shot - Asian Session − Markets Eye ECB by ACM − Advanced Currency Markets
Daily Analysis - Dollar trading low as ECB decision looms by Finotec Group Inc.
Central European Daily - ECB rate hike may weigh on regional sentiment by KBC Bank
Economic Events
| Date (GMT) | Country | Event | Actual | Cons. | Previous | |
| Jul 3 | 12:30 | US | Average Hourly Earnings (YoY) (Jun) | 3.4% | 3.5% | |
| 14:00 | US | ISM Non−Manufacturing (Jun) | 48.2 | 51.3 | 51.7 | |
| Jul 4 | 05:00 | JP | Coincident Index (May)  | 103.4% | 101.7% | |
| 05:00 | JP | Leading Economic Index (May) | 93.0 | 92.8 | ||
| 10:00 | DE | Factory Orders n.s.a. (YoY) (May) | 2% | 15% | ||
| 10:00 | DE | Factory Orders s.a. (MoM) (May) | 0.8% | -1.8% | ||
| 14:00 | CA | Ivey Purchasing Managers Index (Jun) | 62.0 | 62.5 | ||