Wednesday, Nov 05, 17:28 GMT
ASIA-PACIFIC Trading Newsletter
To Get Started
- All the events of the day in our Economic Calendar
- Webinar Videos: Fundamental Review by Adam Rosen
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Forex Blogs
The Advisor Blog: Usd/Jpy by Valeria Bednarik
4 hours charts remain slightly bullish in the pair, although it's attempting to break lower, with indicators also giving bearish signals.quoting around 98.90, the ascendant trend line at 98.62 will be the firs support to consider, followed by 98.25 today's minimum.
Forex Trading Today: And the Winner is... Human Emotion by Tim Salem
FX Market Readings: European session drop and the rise is seen as expected by Dr. S. Sivaraman
Live Sessions Schedule
Live Look at Today's Markets
Expert: Derek Frey
Start: Wed, Nov 5, 18:00 GMT
Sponsored by: 
Type of Session: Webinar
Tracking the forex market together / Part I
Expert: Dr.S.Sivaraman
Start: Thu, Nov 6, 11:00 GMT
Type of Session: Webinar
| Sponsored by | ||||
| Wed, Nov 5, 18:00 GMT | Live Look at Today's Markets | Derek Frey | WBN | |
| Thu, Nov 6, 11:00 GMT | Tracking the forex market together / Part I | Dr.S.Sivaraman | WBN |  |
| Thu, Nov 6, 12:00 GMT | FX Instructor Live Trading Room  | Mark De La Paz | WBN |  |
| Thu, Nov 6, 14:00 GMT | Tracking the forex market together / Part II | Dr.S.Sivaraman | WBN | |
| Thu, Nov 6, 16:00 GMT | Advanced Methods for Finding Dominant Trends in Forex Markets | Mark Whistler | WBN | |
Current Session: U.S.
EUR/USD
Mid−Day Forex Technical Report − Dollar Extends Weakness after Poor Data by ActionForex.com
EUR/USD's rise from 1.2525 extends further to 1.3114 after mild retreat today. At this point, intraday bias remains on the upside as long as 1.2797 minor support holds. As discussed before, the corrective structure of the fall from 1.3290 to 1.2525 suggests that rebound from 1.2329 is resuming and further upside is in favor to retest 1.3290 high first. On the downside, though, below 1.2525 will flip intraday bias back to the downside for retesting 1.2329 low.
Analyst Sentiment Index (ASI)
Analysts Sentiment Index - EUR/USD
**Source : ActionForex.com, CMS Forex, Danske Bank A/S, FXstreet.com, Mizuho Corporate Bank, MolFX - Management
[ View ASI page ] [ View EUR/USD page ]
Charting the Market Movers
GBP USD, Hourly
EUR USD, Hourly
Top Market Movers Preview
UK BOE INTEREST RATE DECISION
| Date (GMT) | Event | Cons. | Previous | |
| Nov 6 | 12:45 | ECB Interest Rate Decision | 3.25% | 3.75% |
| Nov 6 | 12:00 | BoE Interest Rate Decision | 4.0% | 4.5% |
WRAPUP − Grim UK data sets stage for BoE rate cuts (Thomson Financial News)
Britain's service sector shrank at a record pace and factory output posted its longest decline since the 1980 recession, in a slew of bad news on Wednesday boosting the chances of a big Bank of England rate cut this week.
[ Full Story ]- UPDATE 1−Brown urges UK banks to pass on interest rate cuts (Thomson Financial News)
FX Strategy - FX central bank previews: BoE, ECB, SNB and DN by Danske Bank A/S
Asia Market Update - More expected easing from Central Banks, KRW14T Stimulus in Korea lift equities, carry trade by TradeTheNews.com
Top Market Movers Review
US ISM NON−MANUFACTURING
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Nov 5 | 15:00 | ISM Non−Manufacturing | 44.4 | 47.8 | 50.2 |
Daily Market Briefing - US Dollar Plunges On Demand for Risky Assets − Will A Drop In ISM Non−Manufacturing Matter on Wednesday? by FXCM
The US dollar pulled back sharply on Tuesday, especially against the high−yielding commodity dollars, amidst a pickup in demand for carry and an improvement in investor sentiment.
[ Full Story ]- UPDATE: US Service Sector Hits Trouble In October,Prices Cool (Dow Jones)
- Euro Rises Above $1.30; Dollar Sheds Gains After Non−Mfg ISM (Dow Jones)
- DATA SNAP: US Service Sector Contacts In October, Prices Cool (Dow Jones)
Mid−Day Forex Technical Report − Dollar Extends Weakness after Poor Data by ActionForex.com
US ADP EMPLOYMENT CHANGE
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Nov 5 | 13:15 | ADP Employment Change | -157K | -90K | -26K |
ADP Sees October US Private Sector Jobs −157,000 (Dow Jones)
Private sector jobs fell 157,000 in the U.S. in October, according to the ADP national employment report, released Wednesday by payroll company Automatic Data Processing (ADP) and consultants Macroeconomic Advisers.
[ Full Story ]- Rea the Employment Report at ADP
- UPDATE: ADP Sees October US Private Sector Jobs −157,000 (Dow Jones)
- ADP signals 200,000 drop in Oct payrolls−Prakken (Thomson Financial News)
- US ECON: ADP Report Suggests US Lost 142,000 Total Jobs in October (Thomson Financial News)
Mid−Day Forex Technical Report − Dollar Extends Weakness after Poor Data by ActionForex.com
Economic Events
| Date (GMT) | Country | Event | Actual | Cons. | Previous | |
| Nov 5 | 00:00 | US | U.S. Presidential Election | |||
| 15:35 | US | EIA Crude Oil Stocks change (Oct 31) | 0.0 | 0.5M | ||
| 21:45 | NZ | Unemployment Rate (3Q) | 4.3% | 3.9% | ||
| 23:50 | JP | BoJ Minutes | ||||
| Nov 6 | 00:01 | UK | NIESR GDP Estimate (Oct) | -0.2% | ||
| 00:30 | AU | Employment Change (Sep) | -10.0K | 2.2K | ||
| 00:30 | AU | Unemployment Rate (Oct) | 4.3% | 4.3% | ||