Friday, Jan 09, 17:11 GMT
ASIA-PACIFIC Trading Newsletter
To Get Started
- WEBINAR VIDEO: Trading Break Out's And Other Market Views by Phil Newton
- All the events of the day in our Economic Calendar
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Forex Blogs
The Advisor Blog: U.S. Employment Numbers by Valeria Bednarik
The new came out worst than expected, with the following readings. Non−Farm Employment Change Actual − 524 (Expected −520K Previous −533K). Unemployment Rate Actual 7.2% (Expected 7.0% Previous 6.7%). Previous month revision was also negative to −584K. Yet no definitions in market. Wait for two 15 minutes candles!
Forex Trading Today: U.K. Contraction Drowning the Queen Again in the Channel? by Tim Salem
Live Sessions Schedule
Understand & Use Fibonacci Ratios Effectively
Expert: Sunil Mangwani
Start: Mon, Jan 12, 10:00 GMT
Sponsored by: 
Type of Session: Webinar
Forex Basics Series: Chapter 1 − Trading System
Expert: Valeria Bednarik
Start: Mon, Jan 12, 12:00 GMT
Type of Session: Webinar
| Sponsored by | ||||
| Fri, Jan 9, 17:27 GMT | Non−Farm Payrolls Live Coverage | Nick Nasad | Q&A | |
| Mon, Jan 12, 10:00 GMT | Understand & Use Fibonacci Ratios Effectively | Sunil Mangwani | WBN | |
| Mon, Jan 12, 12:00 GMT | Forex Basics Series: Chapter 1 − Trading System | Valeria Bednarik | WBN |  |
| Mon, Jan 12, 13:00 GMT | US Pre−Market Open  | Ed Ponsi | WBN | |
| Mon, Jan 12, 14:30 GMT | US Session Open | Ed Ponsi | WBN | |
Current Session: U.S.
Dollar Higher after Non−Farm Payroll
ActionForex.com − EUR/USD's break of 1.3528 minor support indicates that recovery from 1.3313 should have completed at 1.3796 after failing to take out 4 hours 55 EMA. As discussed before, with EUR/USD still staying well within the inner falling channel, fall from 1.4719 should still be in progress. Intraday bias is flipped back to the downside for 1.3313 first. Break will confirm this case and bring deeper fall towards 1.2329 low.
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Currency Majors Technical Analysis − USD JPY is in a consolidation after the last bearish movement by Mataf.net
Cable dropped in European morning trading and is currently at 1.5190. We see not much more downside potential for today, most probably the pair will find support around the 1.5150 level
Chart of the Day − AUD/USD by FX Solutions
AUD/USD – Price action on the AUD/USD daily chart, as shown, is currently within the boundaries of a thin parallel uptrend channel.
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 Review
US WHOLESALE INVENTORIES
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Jan 9 | 15:00 | Wholesale Inventories | -0.6% | -0.8% | -1.2% |
US Wholesale Inventories decline less than expected in November (FXstreet.com)
Wholesale inventories have declined in November for the third consecutive time, although at a lower than expected extent, according to data released by the U.S. Commerce Department.
[ Full Story ]- Read the official data at US Census Bureau
- UPDATE 1−Nov wholesale U.S. sales post record drop (Thomson Financial News)
- Nov wholesale U.S. sales post record drop (Thomson Financial News)
- TABLE−U.S. Nov wholesale inventories fell 0.6 pct (Thomson Financial News)
US NONFARM PAYROLLS
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Jan 9 | 13:30 | Average Hourly Earnings (YoY) | 3.7% | - | 2.8% |
| Jan 9 | 13:30 | Nonfarm Payrolls | -524K | -480K | -584K |
| Jan 9 | 13:30 | Average Weekly Hours | 33.3 | 33.5 | 33.5 |
| Jan 9 | 13:30 | Average Hourly Earnings (MoM) | 0.3% | 0.2% | 0.4% |
| Jan 9 | 13:30 | Unemployment Rate | 7.2% | 7.0% | 6.7% |
US Non−Farm Payrolls post another sharp decrease in December (FXstreet.com)
Payroll employment has posted a n unusually large increase in the US in December, the second in a row to put an end to a year that in unemployment terms has been the worst since 1945, according to data released by the US Department of Labor.
[ Full Story ]- Employment Situation Summary at US Department of Labor
- UPDATE:Dlr Up Sharply Vs Euro Post−Payroll Data;Volatile Trade (Dow Jones)
- WRAPUP 2−US jobless rate at 16−year high as payrolls plunge (Thomson Financial News)
- Dollar Up Sharply Vs Euro After Payroll Data In Volatile Trade (Dow Jones)
USA: Another grim payrolls report by Danske Bank A/S
Mid−Day Forex Technical Report − Dollar Higher after Non−Farm Payroll by ActionForex.com
Daily Market Report - All eyes will be on this morning's Nonfarm Payrolls and Unemployment figures by Wachovia
Economic Events
| Date (GMT) | Country | Event | Actual | Cons. | Previous | |
| Jan 9 | 13:30 | US | Average Hourly Earnings (YoY) (Dec) | 3.7% | 2.8% | |
| 15:00 | US | Wholesale Inventories (Nov) | -0.6% | -0.8% | -1.2% |
|
| Jan 12 | 00:01 | UK | NIESR GDP Estimate (Dec) | -1% | ||
| 07:00 | EMU | ECB Trichet's Speech | ||||
| 13:30 | CA | New Housing Price Index (YoY) (Nov) | 1.5% | |||
| 21:00 | NZ | NZIER Business Confidence (1Q) | -19 | |||
| 23:50 | JP | Adjusted Current Account (Nov) | ¥1113.2B | |||