Monday, Aug 04, 16:04 GMT
ASIA-PACIFIC Trading Newsletter
To Get Started
- Webinar Videos: Trading Plan: Rules and tools - Part 1 by Valeria Bednarik
- Live Charts Pannel - 3 chart types, 6 different time frames and 7 technical indicators 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
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Forex Blogs
Previewing the week ahead
Forex Setups: Forex Update | Set ups 04 Aug '08 | Analysis by Phil Newton
So far the day has not seem any major movements with just a trading opportunities from those pairs that are looking good for today.
FX Bootcamp: Weekly Pivot Points by Wayne McDonell
1st on Forex: Week Ahead for August 4 − 8 Calendar by Jerry Furst
Live Sessions Schedule
Outlook for the major currencies this week
Expert: Ian Copsey
Start: Tue, Aug 5, 08:00 GMT
Type of Session: Webinar
Live Coverage of FOMC US Interest Rate Announcement
Expert: Jerry Furst
Start: Tue, Aug 5, 17:30 GMT
Sponsored by: 
Type of Session: Webinar
| Sponsored by | ||||
| Tue, Aug 5, 08:00 GMT | Outlook for the major currencies this week | Ian Copsey | WBN |  |
| Tue, Aug 5, 11:00 GMT | FX Instructor Live Trading Room  | Mark De La Paz | WBN |  |
| Tue, Aug 5, 12:00 GMT | US Pre−Market Open | Ed Ponsi | WBN | |
| Tue, Aug 5, 12:30 GMT | Dan Blystone's Weekly Briefing | Dan Blystone | WBN | |
| Tue, Aug 5, 13:30 GMT | US Session Open | Ed Ponsi | WBN | |
Current Session: U.S.
AUD/USD
Mid−Day Forex Technical Report − Dollar Steady after PCE, Sterling Remains Pressured by ActionForex.com
AUD/USD recovers mildly today but there is not clear sign of an intrady low yet. Intraday bias remains on the downside as long as 0.9381 minor resistance holds. Below 0.9285 will encourage further decline to 38.2% retracement of 0.7675 to 0.9849 at 0.9019. On the upside, above 0.9381 will indicate that an intraday low is in place and bring recovery towards 0.9477 resistance. But upside should be limited below 0.9596 resistance and bring fall resumption.
- Scale In, Scale Out by James Chen, Chief Technical Analyst, at FX Solutions
- 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:
Currency Majors Technical Analysis − 1,5575. EUR USD is in an downtrend by Mataf.net
Forex Analysis on Majors − Technical analysis of eur / gbp / usd / jpy / chf by Forex Ltd
Monthly Analysis
Today's Technical Trading Points − Monthly Performance − July 2008 by Danske Bank A/S
Currencies at a Glance
- EUR/USD
- Moves down back around opening price level 1.5564 , above pivot level 1.5552
08/04/2008 16:02 GMT - GBP/USD
- Continues to move down towards third support level 1.9578
08/04/2008 16:02 GMT - USD/CHF
- Moves up back around pivot level 1.0496
08/04/2008 16:03 GMT - USD/JPY
- Trades slightly below second resistant level 108.28
08/04/2008 16:03 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 FED INTEREST RATE DECISION
| Date (GMT) | Event | Cons. | Previous | |
| Aug 5 | 18:15 | Fed Interest Rate Decision | 2% | 2% |
Daily Market Briefing - US Dollar Depends On Fed For Direction Next Week − Watch What They Say, Not What They Do by FXCM
The US dollar's consolidation continued on Friday as US non−farm payrolls (NFPs) failed to have a lasting impact on the currency. While the currency did initially jump across the majors on the news that NFPs were not quite as bad as expected at −51K (consensus expectation: −75K), the greenback pulled back over the following two hours. There were a few factors coming in to play here.
[ Full Story ]- Forex − Euro steady vs dollar as market awaits rate decisions this week (Thomson Financial News)
Market Session Snap−Shot - Asian Session − Light Trading Ahead of a Heavy CB Week by ACM − Advanced Currency Markets
Friday Notes - Mounting recession risks in Europe by HVB Group
Top Market Movers Review
US FACTORY ORDERS
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Aug 4 | 14:00 | Factory Orders | 1.7% | 0.7% | 0.6% |
US Factory orders increase well above expectations in June (FXstreet.com)
FXstreet.com (Barcelona) – Factory orders have posted a larger than expected increase in June in The United States, reaching, after four months of consecutive increase, the highest level since series started in 1992, according to figures by the US Census Bureau.
[ Full Story ]- Read the complete report at Census Bureau
- US June factory orders up 1.7 pct, ex−transportation up 2.3 pct (Thomson Financial News)
- Table Of Data On Factory Orders From Commerce (Dow Jones)
- US Conference Bd: Jul Employment Trends Index −0.9% To 112.1 (Dow Jones)
US PERSONAL INCOME
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Aug 4 | 12:30 | Personal Spending | 0.6 | 0.5 | 0.8 |
| Aug 4 | 12:30 | Core Personal Consumption Expenditure − Prices Index (YoY) | 2.3% | 2.2% | 2.1% |
| Aug 4 | 12:30 | Core Personal Consumption Expenditure − Prices Index (MoM) | 0.3% | 0.2% | 0.1% |
| Aug 4 | 12:30 | Personal Income (MoM) | 0.1% | -0.1% | 1.8% |
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 ]- European govt bonds pare gains on strong U.S consumer spending data (Thomson Financial News)
- US Economic Indicators: Latest 6 Months Data−Aug 4 (Dow Jones)
- US Personal Income−STATS−Historical (Dow Jones)
Mid−Day Forex Technical Report − Dollar Steady after PCE, Sterling Remains Pressured by ActionForex.com
Daily Forex Technical Report − Sterling Lower on Cross Actions, Dollar Steady ahead of PCE by ActionForex.com
Economic Events
| Date (GMT) | Country | Event | Actual | Cons. | Previous | |
| Aug 4 | 12:30 | US | Personal Income (MoM) (Jun) | 0.1% | -0.1% | 1.8% |
| 14:00 | US | Factory Orders (Jun) | 1.7% | 0.7% | 0.6% | |
| Aug 5 | 00:00 | UK | Halifax House Prices (MoM) (Jul) | -1.5% | -2.0% | |
| 00:00 | UK | Halifax House Prices (YoY) (Jul) | -8.6% | -6.1% | ||
| 03:00 | NZ | ANZ Commodity Price (Jul) | 0% | |||
| 04:30 | AU | RBA Interest Rate Decision | 7.25% | 7.25% | ||
| 07:55 | DE | Purchasing Manager Index Services (Jul) | 53.3 | 52.1 | ||