Friday, Oct 03, 16:18 GMT
ASIA-PACIFIC Trading Newsletter
To Get Started
- Special Coverage - The Bailout Plan: 2 rounds done, one to go by FXstreet.com
- NFP: Not Enough to Cut 50bp by GFT (Global Forex Trading)
- Webinar Videos: What may we expect for the rest of the year? by Adam Rosen
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International Traders Conference
The ITC will take place in Barcelona, Woody Allen's favourite destination! by FXstreet.com
Come and enjoy the FXstreet.com International Traders Conference in one of the most exciting city of the world, Barcelona. Meet and learn from the best FX experts at the ITC, while you can visit this unequivocally Mediterranean city.
Barcelona offers you history, culture and leisure and will surely make of your stay an unforgettable experience.
Forex Blogs
FX Market Readings: NFP data release − expected moves before and after the event by Dr. S. Sivaraman
EURO and GBP firmed up as expected during Japanese session.Since traders await NFP data release time the market is expected to make subdued swings till 11:00 GMT.
Chartology: I'm Waiting for Dollar Index Re−test of Support by Raghee Horner
FxBootcamp: Forex Video | News Trade Alert | October 2, 2008 by Wayne McDonell
Live Sessions Schedule
Understand & Use Fibonacci Ratios Effectively
Expert: Sunil Mangwani
Start: Mon, Oct 6, 10:00 GMT
Sponsored by: 
Type of Session: Webinar
Dan Blystone's Daily Briefing
Expert: Dan Blystone
Start: Mon, Oct 6, 12:30 GMT
Type of Session: Webinar
| Sponsored by | ||||
| Mon, Oct 6, 10:00 GMT | Understand & Use Fibonacci Ratios Effectively | Sunil Mangwani | WBN | |
| Mon, Oct 6, 12:00 GMT | US Pre−Market Open  | Ed Ponsi | WBN |  |
| Mon, Oct 6, 12:30 GMT | Dan Blystone's Daily Briefing | Dan Blystone | WBN | |
| Mon, Oct 6, 13:30 GMT | US Session Open | Ed Ponsi | WBN | |
| Mon, Oct 6, 14:00 GMT | Derek Frey's Outlook | Derek Frey | WBN |  |
Current Session: U.S.
USD/CAD
Mid−Day Forex Technical Report − Dollar Extends Rally Despite Poor NFP by ActionForex.com
USD/CAD surges to as high as 1.0841 in early US session and at this point, intraday bias remains on the upside as long as 1.0750 minor support holds. As discussed before, sustained trading above resistance zone of 1.0791/98 and 1.0819 high will confirm that medium term rise from 0.9056 has resumed. Next short term target is now 61.8% projection of 0.9823 to 1.0819 from 1.0297 at 1.0913. On the downside, below 1.0750 will turn intraday outlook neutral first and bring retreat. But downside should be contained above 1.0546 support and bring rally resumption.
- What may we expect for the rest of the year? by Adam Rosen, CEO and Co−Founder at 4xLounge
- Technical Analysis Bootcamp: The indicators you need to know and how to interpret them by Dan Blystone, Founder TradersLog.com
- Check out how pairs moved: Live Currency Rates & Charts
Other Topics for this Session:
FX Thoughts for the Day − FX Thoughts for the Day by Kshitij Consultancy Service
Daily Currency Market Focus − Dow falls 300 points, What's in store for the US dollar ahead of Payrolls? by GFT (Global Forex Trading)
Currency Majors Technical Analysis by Mataf.net
Daily Analysis − Dollar down before employment data releases by Finotec Group Inc.
Monthly Outlook
Monthly Technical Outlook − Monthly Technical Outlook by Mizuho Corporate Bank
Forex Analysts' Blog
NFP data release − Expected moves before and after the event by Dr. S. Sivaraman, of i−knowindices.com
Currency Performance
Action Bias Summary Table − Action Bias Summary Table by ActionForex.com
Forex Signals
Australian Dollar special report − Australian Dollar special report by FxMax
Currencies at a Glance
- EUR/USD
- Moves up back around opening price level 1.3820 , below pivot level 1.3865
10/03/2008 15:44 GMT - GBP/USD
- Moves up above first resistant level 1.7725
10/03/2008 15:44 GMT - USD/CHF
- Moves down below pivot level 1.1335
10/03/2008 15:45 GMT - USD/JPY
- Continues to move up above first resistant level 106.04
10/03/2008 15:45 GMT
Analyst Sentiment Index (ASI)
Analysts Sentiment Index - EUR/USD
**Source : ActionForex.com, CMS Forex, Danske Bank A/S, FXstreet.com, GFT (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 | |
| Oct 7 | 10:00 | Factory Orders n.s.a. (YoY) | - | -0.7% |
| Oct 7 | 10:00 | Factory Orders s.a. (MoM) | - | -1.7% |
Friday Notes - Order volume shrinking by HVB Group
Business sentiment in the key export countries has deteriorated further recently. Purchasing managers were also bearish again in their assessment of the order situation in August.
[ Full Story ]Top Market Movers Review
US NONFARM PAYROLLS
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Oct 3 | 12:30 | Nonfarm Payrolls | -159K | -95K | -73K |
| Oct 3 | 12:30 | Unemployment Rate | 6.1% | 6.1% | 6.1% |
Non−Farm Payrolls: Not Enough to Cut 50bp by GFT (Global Forex Trading)
Non−farm payrolls dropped by 159k last month, 50 percent more than the market expected. Even though there was a minor upward revision to the August data, the Fed will have no choice but to cut interest rates at the end of the month.
[ Full Story ]- Read the Employment data at the Bureau of Labor Statistics
- FINEWS−Jobs data 'set table' for 50 bp Fed rate cut (Thomson Financial News)
- FOREX−Dollar up vs euro helped by steady U.S. unemployment (Thomson Financial News)
- WRAPUP 1−U.S. September job losses steepest in 5−1/2 years (Thomson Financial News)
Mid−Day Forex Technical Report − Dollar Extends Rally Despite Poor NFP by ActionForex.com
Daily Currency Market Focus - Dow falls 300 points, What's in store for the US dollar ahead of Payrolls? by GFT (Global Forex Trading)
Daily Analysis - Dollar down before employment data releases by Finotec Group Inc.
Economic Events
| Date (GMT) | Country | Event | Actual | Cons. | Previous | |
| Oct 3 | 12:30 | US | Unemployment Rate (Sep) | 6.1% | 6.1% | 6.1% |
| 14:00 | US | ISM Non−Manufacturing (Sep) | 50.2 | 50.0 | 50.6 | |
| Oct 6 | 08:00 | UK | Halifax House Prices (MoM) | -1.8% | ||
| 08:00 | UK | Halifax House Prices (YoY) (Sep) | -10.9% | |||
| 08:30 | EMU | Sentix Investor Confidence (Oct) | -20.2 | |||
| 12:30 | CA | Building Permits (MoM) (Aug) | 1.8% | |||
| 14:00 | CA | Ivey Purchasing Managers Index (Sep) | 51.5 | |||