Friday, Dec 05, 16:18 GMT
ASIA-PACIFIC Trading Newsletter
To Get Started
- Webinar Videos: The Weather Report: Ichimoku Cloud Trading by Chris Capre
- All the events of the day in our Economic Calendar
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Forex Blogs
FX Path: USD/CAD − Four−Year High Triple−Tested by James Chen by James Chen
As of Friday morning in New York, price action on the USD/CAD daily chart (as shown) has shot up to re−test the 4−year high in the pair (1.2980−1.3000) once again. This now constitutes a triple−tested high.
The Advisor Blog: Non Farm Payrolls numbers by Valeria Bednarik
Live Sessions Schedule
Understand & Use Fibonacci Ratios Effectively
Expert: Sunil Mangwani
Start: Mon, Dec 8, 10:00 GMT
Sponsored by: 
Type of Session: Webinar
Derek Frey's Outlook
Expert: Derek Frey
Start: Mon, Dec 8, 15:00 GMT
Sponsored by: 
Type of Session: Webinar
| Sponsored by | ||||
| Mon, Dec 8, 10:00 GMT | Understand & Use Fibonacci Ratios Effectively | Sunil Mangwani | WBN | |
| Mon, Dec 8, 14:00 GMT | Year end Fundamental Review  | Adam Rosen | WBN |  |
| Mon, Dec 8, 15:00 GMT | Derek Frey's Outlook | Derek Frey | WBN | |
| Mon, Dec 8, 16:00 GMT | Advanced Methods for Finding Dominant Trends in Forex Markets | Mark Whistler | WBN | |
| Mon, Dec 8, 17:00 GMT | Weekly Webinar: 1st on Forex − The Week Ahead | Jerry Furst | WBN |  |
Current Session: U.S.
USD/JPY
Risk Aversion to Dominate after Exceptionally Poor Job Report from US and Canada
USD/JPY dives to as low as 91.59 in early US session and further decline is still expected to retest 90.92 low. Sustained break there will confirm that medium term fall from 110.66 has resumed However, note that the lack of impulsive structure of the fall from 100.54 so far is still arguing that it might be part of the consolidation that started at 90.92. Above 93.46 will turn intraday outlook neutral first. Further break of 95.74 resistance will indicate that fall from 100.54 has possibly completed.
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USD/CAD
USD/CAD − Four−Year High Triple−Tested by James Chen, Chief Technical Analyst at FX Solutions
The dollar headed for a decline against the yen, its longest losing streak in four years, before a U.S. government report that economists say will show the unemployment rate rose to the highest level since 1993.
GBP/USD
Daily Trading Forecast − Cable tested and nearly broke the 1.4500 handle support by Swiss e Trade AG
Cable tested and nearly broke the 1.4500 handle support yesterday but recovered in Asian trading and is continuing this move in European morning trading.
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
Germany INDUSTRIAL PRODUCTION S.A.
| Date (GMT) | Event | Cons. | Previous | |
| Dec 8 | 11:00 | Industrial Production s.a. (MoM) | - | -3.6% |
| Dec 8 | 11:00 | Industrial Production s.a. w.d.a. (YoY) | - | -2.1% |
Friday Notes - Industrial Production Punging by HVB Group
The UniCredit−Reuters tool for forecasting German industrial production, which is based on manufacturing activity in NRW and Bavaria, signals a decline of 0.4%. Although this drop seems to be a rather mild one, there can be little doubt what will happen in the next six to nine months.
[ Full Story ]Top Market Movers Review
US NONFARM PAYROLLS
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Dec 5 | 13:30 | Nonfarm Payrolls | -533K | -325K | 320K |
| Dec 5 | 13:30 | Unemployment Rate | 6.7% | 6.8% | 6.5% |
DATA SNAP:US Payroll Plunge Signals Deep Recession, Rate Cuts (Dow Jones)
The U.S. recession deepened last month as U.S. companies shed jobs at the fastest rate in more than 30 years, pushing the unemployment rate to its highest level in 15 years.
[ Full Story ]- Read the Employment data at Labor Department
- WRAPUP 2−US job losses worst since 1974 as downturn deepens (Thomson Financial News)
- 2nd UPDATE: US Job Plunge Signals Deep Recession, Rate Cuts (Dow Jones)
- WRAPUP 2−US job losses worst since 1974 as downturn deepens (Thomson Financial News)
Mid−Day Forex Technical Report − Risk Aversion to Dominate after Exceptionally Poor Job Report from US and Canada by ActionForex.com
Daily Market Report - Major economic releases today include US Nonfarm Payrolls and the US Unemployment Rate by Wachovia
Daily FX Commentary - Daily FX Commentary by Investica Ltd
Economic Events
| Date (GMT) | Country | Event | Actual | Cons. | Previous | |
| Dec 5 | 13:30 | US | Average Weekly Hours (Nov) | 33.5 | 33.6 | 33.6 |
| 13:30 | US | Nonfarm Payrolls (Nov) | -533K | -325K | 320K |
|
| 20:00 | US | Consumer Credit (Oct) | $1.5B | $6.9B | ||
| Dec 7 | 23:50 | JP | Adjusted Current Account (Oct) | ¥970.5B | ||
| 23:50 | JP | Money Supply M2+CD (YoY) (Nov) | 1.8% | |||
| 23:50 | JP | Trade Balance − BOP Basis (Oct) | ¥247.1B | |||
| Dec 8 | 05:00 | JP | Eco Watchers Survey: Current (Nov) | 22.6 | ||