Friday, Nov 07, 17:11 GMT
ASIA-PACIFIC Trading Newsletter
To Get Started
- All the events of the day in our Economic Calendar
- Webinar Videos: MONTHLY WEBINAR: Learning to Read Price Action by Chris Capre
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Forex Blogs
Forex Trading Today: Non−Farm Payrolls Live Coverage by Tim Salem
Take a look to the full review of the Live Coverage that Tim Salem has done today during the Nonfarm Payrolls.
The Disciplined Trader: Do you believe you deserve to be financially abundant? by Pierre Charlebois
Francesc's Blog: David Solin’s View - Dow Jones, final downleg and major bottom? by Francesc Riverola
Live Sessions Schedule
Understand & Use Fibonacci Ratios Effectively
Expert: Sunil Mangwani
Start: Mon, Nov 10, 11:00 GMT
Sponsored by: 
Type of Session: Webinar
Derek Frey's Outlook
Expert: Derek Frey
Start: Mon, Nov 10, 15:00 GMT
Sponsored by: 
Type of Session: Webinar
| Sponsored by | ||||
| Mon, Nov 10, 11:00 GMT | Understand & Use Fibonacci Ratios Effectively | Sunil Mangwani | WBN | |
| Mon, Nov 10, 14:00 GMT | Turning the corner on the year  | Adam Rosen | WBN |  |
| Mon, Nov 10, 15:00 GMT | Derek Frey's Outlook | Derek Frey | WBN | |
| Mon, Nov 10, 17:00 GMT | Weekly Webinar: 1st on Forex − The Week Ahead | Jerry Furst | WBN |  |
| Tue, Nov 11, 12:00 GMT | FX Instructor Live Trading Room | Mark De La Paz | WBN |  |
Current Session: U.S.
USD/JPY
Mid−Day Forex Technical Report − Little Reaction to Bad Non Farm Payroll Report by ActionForex.com
USD/JPY recovers mildly but after all it's still staying in tight range of 96.35 and 100.54. Outlook remains neutral for the moment. As discussed before, rebound from 90.92 could have completed at 100.54 already. Break of 96.35 minor support will confirm and bring deeper decline to retest 90.92 low. On the upside, above however, 100.54 will indicate that such rise from 90.92 is still in progress for 103.06 cluster resistance (61.8% retracement of 110.66 to 90.92 at 103.12).
Analyst Sentiment Index (ASI)
Analysts Sentiment Index - EUR/USD
**Source : ActionForex.com, CMS Forex, Danske Bank A/S, FXstreet.com, i-knowindices.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
France INDUSTRIAL PRODUCTION
| Date (GMT) | Event | Cons. | Previous | |
| Nov 10 | 07:45 | Industrial Production (MoM) | -0.6% | -0.4% |
Friday Notes - Still a minor drag on Q3 by HVB Group
Manufacturers' very gloomy assessment of recent trends in production leaves little scope for a pick up in activity in the near term. With the PMI new orders−to−stocks ratio continuing to hit fresh lows, it is safe to assume that destocking is unfolding at a subdued pace.
[ Full Story ]Top Market Movers Review
US PENDING HOME SALES
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Nov 7 | 16:32 | Pending Home Sales (MoM) | -4.6% | - | 7.5% |
US Pending Home Sales Index −4.6% In Sep − NAR (Dow Jones)
A forecasting gauge of home sales fell more than expected in September as tight credit markets and deteriorating economic conditions continued to take their toll on the housing market.
[ Full Story ]- Read the official data at NAR
- UPDATE: US Pending Home Sales Index −4.6% In Sept −NAR (Dow Jones)
- U.S. September pending home sales fall 4.6 pct (Thomson Financial News)
- TABLE−U.S. Sept pending home sales fell 4.6 pct (Thomson Financial News)
US economic indicators - In August, pending home sales went up sharply by 7.4% mom and reached the highest level since June 2007 by BHF−Bank
US NONFARM PAYROLLS
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Nov 7 | 13:30 | Nonfarm Payrolls | -240K | -200K | -284K |
| Nov 7 | 13:30 | Unemployment Rate | 6.5% | 6.2% | 6.1% |
DATA SNAP: US Payrolls Plummet; Signaling Deep Recession (Dow Jones)
U.S. job losses accelerated the last two months pushing the unemployment rate to 14−year highs in October, a government report showed, suggesting the economic downturn has taking a turn for the worse toward a deep recession.
[ Full Story ]- Read the Employment data at Labor Department
- CORRECTED−WRAPUP 2−U.S. job losses soar, jobless rate at 14−year high (Thomson Financial News)
- US RATE FUTURES−Oct payrolls support big Fed cut ideas (Thomson Financial News)
- US STOCKS−Market set to open flat after jobs data (Thomson Financial News)
Mid−Day Forex Technical Report − Little Reaction to Bad Non Farm Payroll Report by ActionForex.com
NFPs Will Not Put a Permanent Stop to the Dollar's Rise − Job Losses Mount, Unemployment Rate Hits 14 Year High by GFT (Global Forex Trading)
Daily Market Report - Yesterday, the dollar and yen were up across the board by Wachovia
Economic Events
| Date (GMT) | Country | Event | Actual | Cons. | Previous | |
| Nov 7 | 15:00 | US | Wholesale Inventories (Sep) | -0.1% | 0.4% | 0.8% |
| 16:32 | US | Pending Home Sales (MoM) (Sep) | -4.6% | 7.5% |
||
| 20:00 | US | Consumer Credit (Sep) | $0.0B | -$7.9B | ||
| Nov 9 | 23:50 | JP | Core Machinery Orders (MoM) (Oct) | -14.5% | ||
| Nov 10 | 00:30 | AU | Home Loans (Sep) | -2.3% | ||
| 00:30 | AU | Investment Lending (Sep) | -5% | |||
| 00:30 | AU | RBA Monetary Policy Statement | ||||