Friday, Aug 01, 15:51 GMT
ASIA-PACIFIC Trading Newsletter
To Get Started
- Webinar Videos: Trading Plan: Rules and tools - Part 1 by Valeria Bednarik
- Weekly Market View - Another gloomy week in Europe by FXstreet.com
- FXstreet.com DVD Series − Support and Resistance Trading by Rob Booker and Dave Murphy
- Take a look at our Real−Time Economic Calendar
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.
Forex Blogs
After Non−Farm Payrolls
The Advisor Blog: After Non Farm Payrolls by Valeria Bednarik
Mixed data (a better than expected number of payrolls, a worse unemployment rate) helps the previous dollar bullish trend, yet not enough to pass trough key levels; still, market has not yet defined...
FXBootcamp: Forex Video | New York Session Review | July 31, 2008 by Wayne McDonell
Trade Setups: Forex Video | Set ups 01 aug '08 | Analysis by Phil Newton
Live Sessions Schedule
Understand & Use Fibonacci Ratio's Effectively
Expert: Sunil Mangwani
Start: Mon, Aug 4, 10:00 GMT
Sponsored by: 
Type of Session: Webinar
Derek Frey's Outlook
Expert: Derek Frey
Start: Mon, Aug 4, 14:00 GMT
Sponsored by: 
Type of Session: Webinar
| Sponsored by | ||||
| 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 | |
| Mon, Aug 4, 14:00 GMT | Derek Frey's Outlook | Derek Frey | WBN | |
| Mon, Aug 4, 15:00 GMT | Advanced Methods for Finding Dominant Trends in Forex Markets | Mark Whistler | WBN | |
Current Session: U.S.
AUD/USD
Mid−Day Forex Technical Report − Dollar Surges against Commodity Currencies after NFP by ActionForex.com
AUD/USD's sharp fall from 0.9849 extends further to as low as 0.9312 today, taking out mentioned 0.9327 support. At this point, intraday bias remains on the downside as long as 0.9397 minor resistance holds. Further decline could now be seen to 38.2% retracement of 0.7675 to 0.9849 at 0.9019. Above 0.9397 will indicate that an intraday low is in place and bring recovery towards 0.9477 resistance. But upside should be limited by 0.9596 resistance and bring fall resumption.
- NFP data release − Expected market surprise by Dr. S. Sivaraman, of i−knowindices.com
- Forex Swing Trading, Low Risk / High Reward Trading In The Largest by Sam Seiden, Stocks, Futures, Forex and Options Trader Online Trading Academy
- Institutional Trading Strategies by John Jagerson, Founder Profiting With Forex
- Check out how pairs moved: Live Currency Rates & Charts
Other Topics for this Session:
Forex Analysis on Majors − Euro is resuming after a fall to 1.5525 by Forex Ltd
Market Session Recaps − London Session by FOREX.com
Banks' Analysis
Technical analysis: EuroDollar Futures − Eurodollar Future – Dec 2008 by Mizuho Corporate Bank
Currencies at a Glance
- EUR/USD
- Continues to trade slightly above first support level 1.5548
08/01/2008 15:30 GMT - GBP/USD
- Moves down below first support level 1.9770
08/01/2008 15:30 GMT - USD/CHF
- Back around opening price level 1.0468 , above pivot level 1.0456
08/01/2008 15:30 GMT - USD/JPY
- Trades below first support level 107.53
08/01/2008 15:30 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 PERSONAL INCOME
| Date (GMT) | Event | Cons. | Previous | |
| Aug 4 | 12:30 | Personal Spending | - | 0.8 |
| Aug 4 | 12:30 | Core Personal Consumption Expenditure − Prices Index (YoY) | - | 2.1% |
| Aug 4 | 12:30 | Core Personal Consumption Expenditure − Prices Index (MoM) | - | 0.1% |
| Aug 4 | 12:30 | Personal Income (MoM) | - | 1.9% |
Friday Notes - Personal Income & Outlays by HVB Group
Tax rebates dramatically boosted income in May, and only the tail end of the rebate checks went out in June. Otherwise, wages and salaries were up moderately, leaving total personal income roughly unchanged. Spending continued to benefit from the fiscal injection, although less than half was spent. Consumers cut purchases of autos but managed to do a lot of shopping at malls.
[ Full Story ]Top Market Movers Review
US ISM MANUFACTURING
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Aug 1 | 14:00 | ISM Manufacturing | 50.0 | 49.2 | 50.2 |
US ISM Index, better than expected in July (FXstreet.com)
Economic activity in the manufacturing sector has remained unchanged in July, which improves the market expectations of falling back into contraction, according to July's ISM report on Business.
[ Full Story ]- July 2008 Manufacturing Report On Business at ISM
- UPDATE: US ISM Manufacturing Activity Flat In July As Prices Rise (Dow Jones)
- US July ISM manufacturing index falls to 50.0 vs 49.2 expected (Thomson Financial News)
- DATA SNAP: US Factory Activity Flat In July, Prices Rise (Dow Jones)
Monitor - USA: Preview of July's ISM by Danske Bank A/S
US NONFARM PAYROLLS
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Aug 1 | 12:30 | Average Hourly Earnings (MoM) | 0.3% | 0.3% | 0.6% |
| Aug 1 | 12:30 | Unemployment Rate | 5.7% | 5.6% | 5.5% |
| Aug 1 | 12:30 | Nonfarm Payrolls | -51 | -75K | -51K |
| Aug 1 | 12:30 | Average Hourly Earnings (YoY) | 3.4% | - | 3.4% |
| Aug 1 | 12:30 | Average Weekly Hours | 33.6 | 33.7 | 33.7 |
US Non farm payrolls decrease, softer than expected in July, unemployment level rises (FXstreet.com)
US non−farm payrolls have posted the seventh consecutive decline in July, although a softer than expected one, while the unemployment rate has increased to levels not seen since March 2004, as the latest report on employment by the US Labor Department shows.
[ Full Story ]- Employment Situation Summary at US Department of Labor
- Forex − Dollar enjoys shortlived gains after U.S. payrolls data (Thomson Financial News)
- DATAWATCH Economists say lower than expected job loss suggest no recession (Thomson Financial News)
- UPDATE: Dollar Boosted Vs Rivals By July US Employment Data (Dow Jones)
Spot Forex Trades - NFP Was Pre−Studied by ForexSurvivor by ForexSurvivor
Mid−Day Forex Technical Report − Dollar Surges against Commodity Currencies after NFP by ActionForex.com
Daily Analysis - The U.S economy probably Lost jobs data will show by Finotec Group Inc.
Economic Events
| Date (GMT) | Country | Event | Actual | Cons. | Previous | |
| Aug 1 | 14:00 | US | Construction Spending (MoM) (Jun) | -0.4% | -0.3% | 0.0% |
| 14:00 | US | ISM Manufacturing (Jul) | 50.0 | 49.2 | 50.2 | |
| Aug 3 | 22:45 | NZ | Labor Cost Index (QoQ) (2Q) | 0.8% | 0.7% | |
| 23:50 | JP | Official Reserve Assets (Jul) | 1001.4B | |||
| Aug 4 | 01:30 | AU | House Price Index (QoQ) (2Q) | 1.1% | ||
| 01:30 | AU | House Price Index (YoY) (2Q) | 13.8% | |||
| 07:30 | CH | SVME − Purchasing Managers' Index (Jul) | 54.9 | |||