Thursday, Feb 05, 17:15 GMT
ASIA-PACIFIC Trading Newsletter
To Get Started
- WEBINAR VIDEO: Institutional Trading Strategies: Pivot Points by Andrei Pehar
- All the events of the day in our Economic Calendar
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Forex Blogs
Forex Trading Today: BoE and ECB in Line…and The Queen Swims Along Just Fine! by Tim Salem
The BoE and ECB clock in with their anticipatory Rate Decisions… although The Queen receives a "second wind" of energy during Her swim in the English Channel and is approaching Key Levels as of this writing.
The Advisor Blog: Euro, Gbp, and Eur/Gbp by Valeria Bednarik
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Live Sessions Schedule
Live Look at Today's Markets
Expert: Derek Frey
Start: Thu, Feb 5, 18:00 GMT
Sponsored by: 
Type of Session: Webinar
SPECIAL EVENT: Trade Non−Farm Payrolls LIVE − 33rd Edition
Expert: Wayne McDonell
Start: Fri, Feb 6, 12:30 GMT
Sponsored by: 
Type of Session: Webinar
| Sponsored by | ||||
| Thu, Feb 5, 16:00 GMT | How to Get Started Trading Forex | Mark Whistler | WBN |  |
| Thu, Feb 5, 18:00 GMT | Live Look at Today's Markets | Derek Frey | WBN | |
| Fri, Feb 6, 12:30 GMT | SPECIAL EVENT: Trade Non−Farm Payrolls LIVE − 33rd Edition | Wayne McDonell | WBN | |
| Mon, Feb 9, 10:00 GMT | Understand & Use Fibonacci Ratios Effectively | Sunil Mangwani | WBN |  |
| Mon, Feb 9, 11:00 GMT | FX Instructor Live Trading Room  | Mark De La Paz | WBN |  |
Current Session: U.S.
Forex Trading Strategies − GBP breaking stronger vs. EUR and CHF after BOE cuts to 1.00%
Saxo Bank − GBP followed up stronger versus its European counterparts yesterday and this morning ahead of the Bank of England meeting. The Bank cut 50 basis points as expected, bringing the rate to a new record low of 1.00%. All in all, this latter note suggests some degree of applying the brakes to the otherwise dovish trajectory and with GBP pushing through key levels, could be triggering a sustainable uptick in GBP against the other major currencies.
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Daily Technical Strategist − EURUSD: Established Falling Channel Keeps Focus To The Downside by FXTechstrategy
Recovery setback at the 1.3070(channel top) has seen EUR collapsing and closing lower at 1.2855 on Wednesday. Having taken back almost all of its Tuesday upside gains and continued to trade within its established declining channel.
Currency Majors Technical Analysis − USD CAD is in a range between 1,2260 and 1,2420 by Mataf.net
1,2336. USD CAD is in a range between 1,2260 and 1,2420. USD CAD moves without trend and swings around exponential moving averages (EMA 50 and 100). The volatility is low. Bollinger bands are flat.
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 | |
| Feb 6 | 11:00 | Industrial Production s.a. (MoM) | -2.5% | -3.1% |
| Feb 6 | 11:00 | Industrial Production s.a. w.d.a. (YoY) | -9.6% | -6.4% |
EMU economic indicators - Output in the German producing sector (December): down by BHF−Bank
German industrial new orders and output in the German producing sector will probably have continued decreasing in December, because all the correlated climate indicators deteriorated.
[ Full Story ]Top Market Movers Review
EMU ECB TRICHET'S SPEECH
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Feb 5 | 13:30 | ECB Trichet's Speech | - | - | - |
ECB Trichet: Econ Growth Risks Lie Clearly On Downside (Dow Jones)
European Central Bank President Jean−Claude Trichet said Thursday that the central bank's monetary policy is appropriate to assure price stability but noted that economic activity has slowed further due to intensified financial−market turmoil.
[ Full Story ]- Read full Speech at ECB
- UPDATE 4−ECB signals March rate cut, markets bet on 50 bps (Thomson Financial News)
- UPDATE 1−FACTBOX−ECB POLICY STATEMENT−Key points from texts (Thomson Financial News)
- TRICHET − WE HAVE TO REMAIN ALERT (Thomson Financial News)
US INITIAL JOBLESS CLAIMS
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Feb 5 | 13:30 | Initial Jobless Claims | 626K | 592K | 588K |
| Feb 5 | 13:30 | Continuing Jobless Claims | 4788K | - | 4776K |
U.S. new jobless claims surge to 26−year high (Thomson Financial News)
The number of U.S. workers filing new claims for unemployment benefits jumped to a 26−year high last week, according to government data on Thursday that pointed to a rapid deterioration in the economy.
[ Full Story ]- Read the Jobless Claims data at Labor Department
- 2nd UPDATE: US Productivity Jumps,But At The Expense Of Jobs (Dow Jones)
- STOCKS NEWS US−Firm: labor data may determine consumer spending (Thomson Financial News)
- WRAPUP−US new jobless claims at 26−yr high, productivity up (Thomson Financial News)
Economic Events
| Date (GMT) | Country | Event | Actual | Cons. | Previous | |
| Feb 5 | 15:00 | US | Factory Orders (Dec) | -3.9% | -3.0% | -6.5% |
| 15:00 | CA | Ivey Purchasing Managers Index (Jan) | 36.1 | 39.0 | 39.1 | |
| Feb 6 | 00:30 | AU | RBA Monetary Policy Statement | |||
| 05:00 | JP | Leading Economic Index (Dec)  | 79.0 | 81.3 | ||
| 05:30 | AU | Foreign Reserves (Jan) | 46.702 | |||
| 06:45 | CH | Unemployment Rate (Jan) | 3.2% | 3.0% | ||
| 06:45 | CH | Unemployment Rate s.a. (Jan) | 2.9% | 2.8% | ||