Friday, Jan 02, 16:22 GMT
ASIA-PACIFIC Trading Newsletter
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Forex Blogs
Forex Trading Today: ISM relatively flat, Gold and Crude a bit Bullish… by Tim Salem
As we move through the day, the Dollar is steadily making quiet headway against most majors, despite the intraday Bull Flags in Crude Oil and Gold. ISM clocks in just slightly below estimates at a comprehensive 32.4 which is obviously still indicating Manufacturing Contraction…as it is the lowest Point since June of 1980!
FX Market Readings: Today’s sentiments for majors and expected moves for next week by Dr.S. Sivaraman
Chartology: Happy New Year! …and a few thoughts about '08 by Raghee Horner
Live Sessions Schedule
Understand & Use Fibonacci Ratios Effectively
Expert: Sunil Mangwani
Start: Mon, Jan 5, 10:00 GMT
Sponsored by: 
Type of Session: Webinar
Derek Frey's Outlook
Expert: Derek Frey
Start: Mon, Jan 5, 15:00 GMT
Sponsored by: 
Type of Session: Webinar
| Sponsored by | ||||
| Mon, Jan 5, 10:00 GMT | Understand & Use Fibonacci Ratios Effectively | Sunil Mangwani | WBN | |
| Mon, Jan 5, 15:00 GMT | Derek Frey's Outlook | Derek Frey | WBN | |
| Mon, Jan 5, 16:00 GMT | Advanced Methods for Finding Dominant Trends in Forex Markets  | Mark Whistler | WBN |  |
| Mon, Jan 5, 17:00 GMT | Weekly Webinar: 1st on Forex − The Week Ahead | Jerry Furst | WBN |  |
| Tue, Jan 6, 12:00 GMT | FX Instructor Live Trading Room | Mark De La Paz | WBN |  |
Current Session: U.S.
EUR/USD
Dollar Broadly Higher In Continued Illiquid Trading
(Dow Jones Newswires) − The dollar is higher against its major rivals Friday morning as the euro continued to retreat in thin market conditions. Friday morning in New York, the euro was at $1.3880 from $1.3963 Wednesday afternoon, before the New Year's Day holiday, and was at GBP0.9603 from GBP0.9586.
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USD/JPY
Bank Recomendations − Recovery from 89.53 yen returns focus to 91.98 yen by Finotec Group Inc.
Recovery from 89.53 yen returns focus to 91.98 yen, although this needs to give way to relieve pressure on 89.53 yen and 88.43 yen.
EURO CROSSES
Daily FX Report − The EUR fell against the USD and the JPY by Varengold Wertpapierhandelsbank AG
The EUR fell against the USD and the JPY before today a European manufacturing report is expected to show the recession is deepening in the 16−nation region.
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 RETAIL SALES
| Date (GMT) | Event | Cons. | Previous | |
| Jan 9 | 07:00 | Retail Sales (YoY) | - | -1.5% |
| Jan 9 | 07:00 | Retail Sales (MoM) | - | -1.6% |
Forex Trading Strategies - EURUSD dips keep turning into bounces so far by Saxo Bank
More thin liquidity until next week with today's isolated Friday trapped between holiday and the weekend. For whatever reason, the pound is seeing the majority of volatility among the major currencies over this holiday period, with EURGBP having swung wildly...
[ Full Story ]Top Market Movers Review
US ISM MANUFACTURING
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Jan 2 | 15:00 | ISM Manufacturing | 32.4 | - | 36.2 |
US Manufacturing ISM tumbles to historic low in December (FXstreet.com)
Manufacturing activity contracted in the United States in December for its fifth consecutive month, as the ISM Index dropped to its lowest level since 1980, according to data by the Institute for Supply Management. The PMI index fell in December to 32.4, from the 36.2 level reached in November.
[ Full Story ]- Read the Manufacturing data at ISM Institute
- UPDATE 1−US factories mired in worst slump in 28 years (Thomson Financial News)
- UPDATE: December ISM Mfg Report Weakest Since June 1980 (Dow Jones)
- U.S. manufacturing sector tumbles in December−ISM (Thomson Financial News)
Daily Forex Technical Report − Markets in Range as 2009 Starts, Focus on Manufacturing Data by ActionForex.com
US economic indicators - ISM manufacturing index (Dec): again indicating recession in the overall economy by BHF−Bank
Economic Events
| Date (GMT) | Country | Event | Actual | Cons. | Previous | |
| Jan 2 | 10:00 | UK | Halifax House Prices (MoM) (Dec) | -2.2% | -2.6% | |
| 15:00 | US | ISM Manufacturing (Dec) | 32.4 | 36.2 | ||
| Jan 5 | 05:00 | JP | Vehicle Sales (YoY) (Dec) | -18.2% | ||
| 08:30 | CH | SVME − Purchasing Managers' Index (Dec) | 35.2 | |||
| 09:30 | UK | PMI Construction (Dec) | 31.8 | |||
| 09:30 | EMU | Sentix Investor Confidence (Jan) | -42.3 | |||
| 15:00 | US | Construction Spending (MoM) (Nov) | -1.2% | |||