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ASIA-PACIFIC Trading Newsletter
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- WEBINAR VIDEOS: Fibonacci - From Novice to Advanced Techniques by Adam Rosen
- All the events of the day in our Economic Calendar
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Forex Blogs
Forex Trading Today: Equities Fall at the U.S. Open while EUR/USD Attempts to Hold by Tim Salem
Plenty of Volatility keeps the European Session /U.S. Session Overlap moving along with Variants of Risk Appetite and Risk Aversion… meaning "Noise, Noise, and more Noise"…hee hee…. ;−)
The Disciplined Trader: USD Index holding at rising trend-line by Pierre Charlebois
The Advisor Blog: Gbp/Usd technical points by Valeria Bednarik
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Current Session: U.S.
GBP/USD: The Pound turns down below 1.4375 after Wall Street opening
FXstreet.com − The Pound's rally from 1.4275 has been capped at 1.4435 , to turn down to levels below 1.4375 on its way towards 1.4305 support level.
On the downside, below 1.4305 (Mid range of congestion zone), next support levels could stand at 1.4265/50, and below here, 1.4235 (Mar 31 low). Resistance levels stand at 1.4375, and 1.4425 (Mar 26 low); above here, 1.4495 (Mar 27 high).
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USD/JPY
Currency Majors Technical Perspective by FXstreet.com Independent Analyst Team
Failure to hold the 99.00 level is turning the pair bearish in hourly charts. 20 SMA has turned to the downside, while Momentum and CCI clearly point for further losses in the next hours. Confirmation will come under today's low at 98.22. Volume is low for now. Still larger time frames shown actual movement as a correction of previous day's strength.
EUR/USD
Daily Outlook − Fall should reach at least 1.2884 by Karoll
As you know I think that the rise of the euro started from 1.2457 (3 March) finished with a bearish triangle as is shown on the chart. So in my opinion the fall should reach at least 1.2884
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
EMU ECB INTEREST RATE DECISION
| Date (GMT) | Event | Cons. | Previous | |
| Apr 2 | 11:45 | ECB Interest Rate Decision | 1.0% | 1.5% |
The ECB is expected to lower rates Thursday by Easy Forex
The ECB is expected to cut interest rates 50 bps to a record low 1% in reaction to falling EU inflation and deteriorating EU economy. The ECB has cut interest rates 275 bps since last October. The ECB is also expected to cut its refinance rate 25 bps and lengthen the maturity of ECB refinancing operations to up to twelve months.
[ Full Story ]- The ECB could act in order to weaken the Euro (FXstreet.com)
- UPDATE: Record Low Euro−Zone Inflation Signals ECB Rate Cut (Dow Jones)
ECB Preview: Q&A on QE by Danske Bank A/S
Live Daily Broadcast - Today's Live Show: ECB and Non−Farm Payrolls Outlook by AllThingsForex
Top Market Movers Review
US ISM MANUFACTURING
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Apr 1 | 14:00 | ISM Manufacturing | 36.3 | 35.7 | 35.8 |
DATA SNAP: US Factories See Another Tough Month In March (Dow Jones)
The recession continued to weigh heavily on U.S. factories last month, sending manufacturing activity down for the 14th straight month.
[ Full Story ]- UPDATE: US Factories Shrink Again In March Amid Hope For Rebound (Dow Jones)
- US Mar ISM Manufacturing increases to 36.3 vs 35.8 (FXstreet.com)
- Wednesday's Events: U.S. ADP & ISM Mfg Reports; All Eyes on G20 (CEP News)
Monitor - USA: Preview on March's ISM by Danske Bank A/S
US economic indicators - ISM indices (Mar): indicating ongoing economic contraction by BHF−Bank
US ADP EMPLOYMENT CHANGE
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Apr 1 | 12:15 | ADP Employment Change | -742K | -660K | -697K |
ADP Surveys Sees March US Private Sector Jobs −742K (Dow Jones)
Private sector jobs in the U.S. fell a steep 742,000 in March, according to a national employment report published Wednesday by payroll giant Automatic Data Processing Inc. (ADP) and consultancy Macroeconomic Advisers.
[ Full Story ]- Read the Employment data at ADP
- UPDATE:ADP Survey Sees March US Private Sector Jobs Down 742K (Dow Jones)
- U.S. Loses Record 742,000 Private Jobs in March (CEP News)
- USD/JPY: The Dollar falls below 99.00 level; after worse than expected ADP employment data (FXstreet.com)
Economic Events
| Date (GMT) | Country | Event | Actual | Cons. | Previous | |
| Apr 1 | 14:00 | US | ISM Manufacturing (Mar) | 36.3 | 35.7 | 35.8 |
| 14:00 | US | Pending Home Sales (MoM) (Feb) | 2.1% | 0.3% | -7.7% | |
| 23:50 | JP | Monetary Base (YoY) (Mar) | 6.8% | 6.4% | ||
| Apr 2 | 00:00 | G20 Meeting | ||||
| 00:30 | AU | Trade Balance (Feb) | 0.70B | 0.97M | ||
| 02:00 | NZ | ANZ Commodity Price (Mar) | -4.6% | |||
| 06:00 | UK | Nationwide Housing Prices n.s.a (YoY) (Feb) | -18.1% | -17.6% | ||