Thursday, Jul 31, 16:12 GMT
ASIA-PACIFIC Trading Newsletter
International Trader's Conference
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- Speeches Schedule
- Spekers Panel
- Haven't you decided to got yet? − View all 2007 videos
To Get Started
- Webinar Videos: Trading Plan: Rules and tools - Part 1 by Valeria Bednarik
- Forex Education - Control your emotions: Market Psychology
- FXstreet.com DVD Series − Support and Resistance Trading by Rob Booker and Dave Murphy
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Forex Blogs
Trading Tips
FX Path: The Genius of Trailing Stops by James Chen
Theoretically, a well−placed trailing stop can allow a position to extend ad infinitum as long as price continues to trend in one direction, while simultaneously locking in hard−won profits.
The Disciplined Trader: Patterns, Fractals and how we can see the emotionality in them by Pierre Charlebois
Forexology: Recap of the previous harmonic patterns by Sunil Mangwani
Live Sessions Schedule
Live Look at Today's Markets
Expert: Derek Frey
Start: Thu, Jul 31, 17:00 GMT
Sponsored by: 
Type of Session: Webinar
SPECIAL EVENT: Trade Non−Farm Payrolls LIVE − 27th Edition
Expert: Wayne McDonell
Start: Fri, Aug 1, 11:30 GMT
Sponsored by: 
Type of Session: Webinar
| Sponsored by | ||||
| Thu, Jul 31, 17:00 GMT | Live Look at Today's Markets | Derek Frey | WBN | |
| Fri, Aug 1, 11:30 GMT | SPECIAL EVENT: Trade Non−Farm Payrolls LIVE − 27th Edition | Wayne McDonell | WBN | |
| Mon, Aug 4, 10:00 GMT | Understand & Use Fibonacci Ratio's Effectively | Sunil Mangwani | WBN |  |
| Mon, Aug 4, 12:00 GMT | US Pre−Market Open  | Ed Ponsi | WBN |  |
| Mon, Aug 4, 13:30 GMT | US Session Open | Ed Ponsi | WBN | |
Current Session: U.S.
EUR/USD
Daily Technical Strategist − EURUSD: Consolidation To Upside Recovery May Be Seen by FXTechstrategy
A swing low (lower low) may be shaping up as most of its intra day weakness on Wednesday was reversed to close marginally lower at 1.5580.A recovery higher was seen in early morning trading today suggesting that its July 24'08 low at 1.5627 could be targeted ahead of its .50 Ret/back of its invalidated LT trendline at 1.5668/81.Above this level if seen will create scope for further gains towards the 1.5842 level, its Jun 09'08 high followed by the 1.5945 level, its July 22'08 high and ultimately the 1.6018/37 zone, its April 22'08/YTD highs.
- Month end Volatile moves expected to prevail by Dr. S. Sivaraman, of i−knowindices.com
- Support and Resistance Trading DVD by Andrei Pehar, Sr. Currency Strategist fxKnight.com
- Institutional Trading Strategies by John Jagerson, Founder Profiting With Forex
- Check out how pairs moved: Live Currency Rates & Charts
Other Topics for this Session:
Mid−Day Forex Technical Report − Dollar Tumbles on GDP & Jobless Claims, But Supported by Chicago PMI by ActionForex.com
Market Session Recaps − London Session by FOREX.com
Pairs to Range Trade − EURGBP Ranges Between Triple Top and Fibonacci Support by FXCM
Currency Performance Report
Currency Performance Report − Europe Session Performance by FXstreet.com
FX Analysts' Blogs
Trading opportunities by Valeria Bednarik, Analyst at MolFX − Management
Currencies at a Glance
- EUR/USD
- Moves down back towards pivot level 1.5570
07/31/2008 16:07 GMT - GBP/USD
- Moves down back around pivot level 1.9798
07/31/2008 16:07 GMT - USD/CHF
- Moves up back around pivot level 1.0481
07/31/2008 16:07 GMT - USD/JPY
- Moves up back above pivot level 108.05
07/31/2008 16:07 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
US NONFARM PAYROLLS
| Date (GMT) | Event | Cons. | Previous | |
| Aug 1 | 12:30 | Average Hourly Earnings (MoM) | 0.3% | 0.6% |
| Aug 1 | 12:30 | Unemployment Rate | 5.6% | 5.5% |
| Aug 1 | 12:30 | Nonfarm Payrolls | -75K | -62K |
| Aug 1 | 12:30 | Average Hourly Earnings (YoY) | - | 3.4% |
| Aug 1 | 12:30 | Average Weekly Hours | 33.7 | 33.7 |
US economic indicators - We expect non−farm employment to have fallen by about 75k in July by BHF−Bank
We expect non−farm employment to have fallen by about 75k in July. The unemployment rate could have edged upwards, from 5.5 to 5.6%. Average hourly earnings are likely to have risen by 0.2% mom, slightly less than in June.
[ Full Story ]- FOREX−Dollar holds near one−month highs, U.S. jobs eyed (Thomson Financial News)
Daily Forex News - Forex − FX market focus on tomorrow Non−farm payrolls after ADP report gave a positive picture by ACM − Advanced Currency Markets
Top Market Movers Review
US INITIAL JOBLESS CLAIMS
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Jul 31 | 12:30 | Continuing Jobless Claims | 3282K | 3155K | 3097K |
| Jul 31 | 12:30 | Initial Jobless Claims | 448K | 390 | 404K |
US weekly jobless claims rise 44,000 to 448,000, highest level in over 5 years (Thomson Financial News)
The number of people filing new claims for unemployment insurance rose to its highest level in over five years, while the number of people continuing to receive unemployment insurance rose by the largest amount in over ten years, the Labor Department said.
[ Full Story ]- Unemployment Initial (UI) Claims at US Department of Labor
- US Jobless Claims +44K To 448K In Jul 26 Week; Survey −8K (Dow Jones)
- DJ Table Of US Initial, Continuing Claims (Dow Jones)
- US: Initial Jobless Claims rise by 44K to 448K in Jul 19 week (FXstreet.com)
US GROSS DOMESTIC PRODUCT ANNUALIZED
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Jul 31 | 12:30 | Gross Domestic Purchases Price Index | 4.2% | - | 3.5% |
| Jul 31 | 12:30 | Gross Domestic Product Annualized | 1.9% | 2.0% | 0.9% |
US GDP growth accelerates in the second quarter (FXstreet.com)
US Gross Domestic Product, the output of goods and services produced in the US, has grown faster in the second quarter of the year than in the first one, according to preliminary estimations by the US Commerce Department.
[ Full Story ]- GDP: Second Quarter 2008 (Preliminary) at Bureau of Economic Analysis
- US Q2 GDP up 1.9% vs 2.4% rise expected, fastest pace since Q3 2007 UPDATE (Thomson Financial News)
- US Q2 GDP up 1.9% vs 2.4% rise expected, fastest pace since Q3 2007 (Thomson Financial News)
- DATA SNAP: US Economy Speeds Up In Spring On Exports (Dow Jones)
US: GDP boosted by rebates and net exports by Danske Bank A/S
Mid−Day Forex Technical Report − Dollar Tumbles on GDP & Jobless Claims, But Supported by Chicago PMI by ActionForex.com
News and opinion from the ground - Dollar Rally Likely To Stall Ahead Of US GDP Data by GraceCheng.com
Economic Events
| Date (GMT) | Country | Event | Actual | Cons. | Previous | |
| Jul 31 | 12:30 | US | Employment Cost Index (2Q) | 0.7% | 0.7% | 0.7% |
| 13:45 | US | Chicago Purchasing Managers' Index (Jul) | 50.8 | 49.0 | 49.6 | |
| Aug 1 | 05:00 | JP | Vehicle Sales (YoY) (Jul) | -3.6% | ||
| 06:00 | DE | Retail Sales (MoM) (Jun) | -0.5% | 1.3% | ||
| 06:00 | DE | Retail Sales (YoY) (Jun) | -0.7% | 0.7% | ||
| 06:30 | AU | RBA Commodity Index SDR (YoY) (Jul) | 37.8% | |||
| 08:00 | EMU | PMI Manufacturing (Jul) | 47.9 | 49.2 | ||