Friday, Aug 08, 15:31 GMT
ASIA-PACIFIC Trading Newsletter
Forex Blogs
Recommended Readings
The Disciplined Trader: Do you believe what you see?…Or does you mind play tricks on you? by Pierre Charlebois
Looking at some of the charts these last few days I hear a voice in my head saying: That can't keep going deeper? This move has to be over now… For sure this will start correcting next session!
FX Path: Massive Breaks on the Majors by James Chen
FX Market Readings: Massive moves by Dr. S. Sivaraman
Live Sessions Schedule
Understand & Use Fibonacci Ratio's Effectively
Expert: Sunil Mangwani
Start: Mon, Aug 11, 10:00 GMT
Sponsored by: 
Type of Session: Webinar
Trading with one indicator: The ICHIMOKU explained
Expert: Valeria Bednarik
Start: Mon, Aug 11, 12:00 GMT
Type of Session: Webinar
| Sponsored by | ||||
| Fri, Aug 8, 15:00 GMT | Fibonacci Friday | Andrei Pehar | WBN |  |
| Mon, Aug 11, 10:00 GMT | Understand & Use Fibonacci Ratio's Effectively | Sunil Mangwani | WBN | |
| Mon, Aug 11, 12:00 GMT | Trading with one indicator: The ICHIMOKU explained  | Valeria Bednarik | WBN | |
| Mon, Aug 11, 14:00 GMT | Derek Frey's Outlook | Derek Frey | WBN |  |
| Mon, Aug 11, 15:00 GMT | Advanced Methods for Finding Dominant Trends in Forex Markets | Mark Whistler | WBN | |
USD/CAD
Mid−Day Forex Technical Report − Dollar Rises Further, CAD Hammered by Job Report by ActionForex.com
USD/CAD's rise extends further today and accelerates to as high as 1.0684 so far. At this point, further rally is still expected as long as 1.0538 minor support holds. Break of mentioned 61.8% projection of 0.9056 to 1.0378 from 0.9709 at 1.0526 now sets the stage for further rally to key medium term resistance zone at 1.0930.
- Gbp/Usd and Usd/Jpy for today by Valeria Bednarik, Analyst at MolFX − Management
- 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 − Who can stop euro? by Forex Ltd
Currency Performance
Currency Performance Report − Europe Session Performance by FXstreet.com
Currencies at a Glance
- EUR/USD
- Continues to move down below third support level 1.5060
08/08/2008 14:50 GMT - GBP/USD
- Continues to move down below 1.9150 , below third support level 1.9275
08/08/2008 14:50 GMT - USD/CHF
- Continues to move up above third resistant level 1.0783
08/08/2008 14:50 GMT - USD/JPY
- Moves up above second resistant level 110.15
08/08/2008 14:50 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
UK PRODUCER PRICE INDEX − INPUT
| Date (GMT) | Event | Cons. | Previous | |
| Aug 11 | 08:30 | Producer Price Index − Output (MoM) n.s.a | - | 0.9% |
| Aug 11 | 08:30 | Producer Price Index − Output (YoY) n.s.a | - | 10% |
| Aug 11 | 08:30 | Producer Price Index − Input (YoY) n.s.a | - | 30% |
| Aug 11 | 08:30 | Producer Price Index − Input (MoM) s.a | - | 2.1% |
Friday Notes - US economy on federal life support by HVB Group
Since the May Inflation Report, the inflation outlook in the UK has markedly deteriorated, with the headline CPI jumping to 3.8% y−o−y in June (from 3% in April) and the oil price hitting an interim record high (at around USD 146 p/b). Energy as well as food prices were the main driver of the sharp inflation acceleration, while core inflation has edged up only slightly. We think the headline inflation is still heading north and we expect the July figure to pick up to 4% when published next week – mainly on higher fuel and food costs. The peak is likely to be reached even in September this year in the wake of higher energy inflation – even assuming that the oil price stabilizes at the current level, we expect another round of utility tariff increases to be effective already in August.
[ Full Story ]Weekly Focus - Focus shifting back to growth by Danske Bank A/S
The Trading Week - The Trading Week: Aug. 10 − Aug. 15 by AllThingsForex
Top Market Movers Review
US NONFARM PRODUCTIVITY
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Aug 8 | 12:30 | Nonfarm Productivity | 2.2% | 2.6% | 2.6% |
| Aug 8 | 12:30 | Unit Labor Costs | 1.3% | 1.2% | 2.2% |
US non−farm productivity continued growing in the second quarter (FXstreet.com)
US non−farm productivity has continued growing steadily in the second quarter of 2008, despite the weak productivity in the manufacturing session, according to preliminary data released by the US Labor Department.
[ Full Story ]- Read the oficial data at Bureau of Labor Statistics
- UPDATE: US Productivity Robust; Gives Fed Breathing Room (Dow Jones)
- US preliminary Q2 productivity up 2.2% vs 2.7% seen; unit labor costs up 1.3% (Thomson Financial News)
- Table Of Productivity Data From Labor Dept. (Dow Jones)
Friday Notes - Mounting recession risks in Europe by HVB Group
Canada UNEMPLOYMENT RATE
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Aug 8 | 11:00 | Net Change in Employment | -55.2K | 5.0K | -5.0K |
| Aug 8 | 11:00 | Unemployment Rate | 6.1% | 6.2% | 6.2% |
Canada: Employment declines in July, unemployment rate edges down (FXstreet.com)
Employment has posted in July the largest decline in the last 17 years, following the slight decline posted in June, employment growth has started to slowdown in the latest months as a consequence of a more global economic slowdown.
[ Full Story ]- Read the oficial Labour Force Survey at Statistics Canada
- CORRECT: Canada Econ Lost 5,000 Jobs In June (Dow Jones)
- UPDATE: Cda Dollar Slumps After July Jobs Data: USD At C$1.0660 (Dow Jones)
- INSTANT VIEW−Canada July jobs data (Thomson Financial News)
Mid−Day Forex Technical Report − Dollar Rises Further, CAD Hammered by Job Report by ActionForex.com
Economic Events
| Date (GMT) | Country | Event | Actual | Cons. | Previous | |
| Aug 8 | 12:30 | US | Unit Labor Costs (2Q)  | 1.3% | 1.2% | 2.2% |
| 14:00 | US | Wholesale Inventories (Jun) | 1.1% | 0.6% | 0.9% |
|
| Aug 11 | 01:30 | AU | RBA Monetary Policy Statement | |||
| 06:00 | JP | Machine Tool Orders (YoY) (Jul) | -2.5 | |||
| 08:30 | UK | Goods Trade Balance (Jun) | -£7.5B | |||
| 08:30 | UK | Producer Price Index − Input (MoM) s.a (Jul) | 2.1% | |||
| 08:30 | UK | Producer Price Index − Input (YoY) n.s.a (Jul) | 30% | |||