Friday, Feb 06, 16:44 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: NFP Clips with 598K Loss, and the Euro and Pound Swim On… by Tim Salem (CVJ)
Well… not a big shock to anyone with overall NFP Data Points today…especially with a higher Revision to 577K from last month. So… obviously our Euro and Pound friends have continued on with Price Appreciation going forward…with a good day's worth of Risk Appetite for Momentum.
The Advisor Weblog: Usd/Jpy hourly chart by Valeria Bednarik
Sponsored by 
Live Sessions Schedule
Understand & Use Fibonacci Ratios Effectively
Expert: Sunil Mangwani
Start: Mon, Feb 9, 10:00 GMT
Sponsored by: 
Type of Session: Webinar
Forex Basics Series: Chapter 2 − Support and resistance
Expert: Valeria Bednarik
Start: Mon, Feb 9, 12:00 GMT
Type of Session: Webinar
| Sponsored by | ||||
| 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 |  |
| Mon, Feb 9, 12:00 GMT | Forex Basics Series: Chapter 2 − Support and resistance | Valeria Bednarik | WBN |  |
| Mon, Feb 9, 13:00 GMT | US Pre−Market Open | Ed Ponsi | WBN | |
| Mon, Feb 9, 14:30 GMT | US Session Open | Ed Ponsi | WBN | |
Current Session: U.S.
Reversal off 1.3068 found support earlier at 1.2750
Windsor Brokers Ltd − Reversal off 1.3068 found support earlier at 1.2750, ahead of the latest strength towards 1.2940, key trendline resistance, Break above there is needed to open 1.3025 pivot, en−route to full retracement of 1.3068/1.2706 decline.
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Daily Analysis − Sterling rises as the BOE cuts the interest rate to record low by Finotec Group Inc.
Sterling hit a high versus the euro on Thursday, while the pound also jumped against the dollar after the Bank of England cut borrowing costs to a record low aimed at blunting the impact of a deep recession.
Forex Daily Analysis − JPY − Yen Rapidly Falls to One Month Low Against the Dollar by ForexYard
The JPY saw a very bearish trading session yesterday, losing ground against all of its currency crosses. The JPY fell to a one month low against the USD and closed at 90.80. Moreover, the Japanese Yen lost almost 150 points versus the EUR, closing at 116.38.
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
US TRADE BALANCE
| Date (GMT) | Event | Cons. | Previous | |
| Feb 11 | 13:30 | Trade Balance | - | -$40.44B |
Friday Notes - The trade balance was probably unchanged by UniCredit Group
Civilian aircraft deliveries picked up, as Boeing operations got back to normal after the machinists' strike. That could have added up to USD 5 bn to exports. But other exports probably declined again. As for imports, energy costs were down, but not at the frantic pace of previous months. A rise in both consumer goods, notably pharmaceuticals, and capital goods likely more than offset that effect. The trade balance was probably unchanged.
[ Full Story ]Top Market Movers Review
US NONFARM PAYROLLS
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Feb 6 | 13:30 | Average Hourly Earnings (MoM) | 0.3% | 0.3% | 0.3% |
| Feb 6 | 13:30 | Nonfarm Payrolls | -598K | -500K | -577K |
| Feb 6 | 13:30 | Average Hourly Earnings (YoY) | 3.9% | - | 3.7% |
| Feb 6 | 13:30 | Average Weekly Hours | 33.3 | 33.3 | 33.3 |
| Feb 6 | 13:30 | Unemployment Rate | 7.6% | 7.5% | 7.2% |
U.S. non−farm payrolls post in January the largest drop since 1974 (FXstreet.com)
U.S. economy has continued destroying employment at a very fast pace in January, Non farm payrolls have posted in the largest decline since 1974, while the unemployment rate rose to its highest level since 1992.
[ Full Story ]- Read the employment situation at US Department of Labor
- WRAPUP 2−U.S. job losses accelerate, jobless rate jumps (Thomson Financial News)
- 2nd UPDATE: US Job Losses Gather Steam As Recession Deepens (Dow Jones)
- STOCKS NEWS US−Markets open flat on payroll data, stimulus hopes (Thomson Financial News)
Dismal U.S. employment report spurs recovery trade by Interactive Brokers LLC
Daily Market Report - Economic news of note this morning includes change in Nonfarm Payrolls and US Consumer Credit by Wachovia
European Market Update - Markets brace for a possible six−digit loss in US payroll report by TradeTheNews.com
Canada UNEMPLOYMENT RATE
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Feb 6 | 12:00 | Net Change in Employment | -129.0K | -40.0K | -20.4K |
| Feb 6 | 12:00 | Unemployment Rate | 7.2% | 6.8% | 6.6% |
Canadian unemployment posts the largest ever jump in January (FXstreet.com)
The global economic slowdown seems to have affected Canadian labour market, as the volume of unemployed workers posted an increase that beats any other increase in previous economic downturns, according to figures by Statistics Canada.
[ Full Story ]- Read the Employment data at Statistics Canada
- UPDATE 3−Canada January job losses biggest on record (Thomson Financial News)
- UPDATE 2−Canada January job losses biggest on record (Thomson Financial News)
- UPDATE: Canada Dollar Drops On Soft Jan Jobs Data (Dow Jones)
Dismal U.S. employment report spurs recovery trade by Interactive Brokers LLC
Economic Events
| Date (GMT) | Country | Event | Actual | Cons. | Previous | |
| Feb 6 | 13:30 | US | Average Weekly Hours (Jan) | 33.3 | 33.3 | 33.3 |
| 13:30 | US | Unemployment Rate (Jan) | 7.6% | 7.5% | 7.2% | |
| 20:00 | US | Consumer Credit (Dec) | -$2.3B | -$7.9B | ||
| Feb 8 | 23:50 | JP | Core Machinery Orders (MoM) (Dec) | -16.2% | ||
| 23:50 | JP | Money Supply M2+CD (YoY) (Dec) | 1.8% | |||
| 23:50 | JP | Trade Balance − BOP Basis (Dec) | -¥93.4B | |||
| Feb 9 | 00:01 | UK | NIESR GDP Estimate (Jan) | -1.5% | ||