Friday, Apr 03, 16:25 GMT
ASIA-PACIFIC Trading Newsletter
To Get Started
- WEBINAR VIDEOS: Trading Break Out's And Other Market Views by Phil Newton
- All the events of the day in our Economic Calendar
Note that our messages might be blocked by anti-spam filters so please add newsletter@fxstreet.com or our domain (fxstreet.com) to your address book.
Forex Blogs
Forex Trading Today: NFP Slightly Clips the Dollar and the Yen… But Remains In Line by Tim Salem
The U.S. overall has lost about 5.1 million Jobs since the Recession "officially" began… although NFP Data Points Headline Numbers are largely are "In Line" with Consensus this month. (Of course…it is the Numbers "Inside" the Numbers that are the true Key of any Data Release…)
1st on Forex: G20 Success – Gold Fails - Pound the Euro by Jerry Furst
The Advisor Blog: Non Farm Payroll numbers by Valeria Bednarik
Find other fellow traders to share your comments and market view in the FOREX FORUM
Sponsored by 
Live Sessions Schedule
Using Fibonacci ratios to manage your trades efficiently
Expert: Sunil Mangwani
Start: Mon, Apr 6, 09:00 GMT
Sponsored by: 
Type of Session: Webinar
Derek Frey's Outlook
Expert: Derek Frey
Start: Mon, Apr 6, 14:00 GMT
Sponsored by: 
Type of Session: Webinar
| Sponsored by | ||||
| Mon, Apr 6, 09:00 GMT | Using Fibonacci ratios to manage your trades efficiently | Sunil Mangwani | WBN | |
| Mon, Apr 6, 14:00 GMT | Derek Frey's Outlook | Derek Frey | WBN | |
| Mon, Apr 6, 15:00 GMT | Advanced Methods for Finding Dominant Trends in Forex Markets  | Mark Whistler | WBN |  |
| Mon, Apr 6, 16:00 GMT | Weekly Webinar: 1st on Forex − The Week Ahead | Jerry Furst | WBN |  |
| Tue, Apr 7, 11:00 GMT | FX Instructor Live Trading Room | Mark De La Paz | WBN |  |
Current Session: U.S.
U.S. Update: Non Farm Payrolls
FXstreet.com − Dollar remains steady against most majors despite the readings, as U.S. reports are affecting more market sentiments that dollar itself. Risk aversion/ risk appetite is the number one market mover these days, and such a bad reading tends to dismiss investors optimism. Wall Street failed to stay above the 8000 points level after yesterday's spike above, and at this moment, remains in the red side.
.
USD/JPY
Currency Majors Technical Perspective −The general trend remains bullish here by FXstreet.com Independent Analyst Team
The general trend remains bullish here, with the pair struggling around the 100.00 level, since past Asian session. 20 SMA is also acting as dynamic support here, keeping the bullish bias.
EUR/USD is back above 1.3400 after rebounding from 1.3365 by FXstreet.com
After falling around 100 pips from 1.3476 to find support at 1.3365 after the U.S. unemployment data, the EUR/USD has began to rise above 1.3400. Currently, the pair is trading around 1.3420/30 after falling 0.36% on the day from the 1.3473 opening price.
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
UK INDUSTRIAL PRODUCTION
| Date (GMT) | Event | Cons. | Previous | |
| Apr 7 | 08:30 | Industrial Production (MoM) | - | -2.6% |
| Apr 7 | 08:30 | Manufacturing Production (MoM) | - | -2.9% |
| Apr 7 | 08:30 | Manufacturing Production (YoY) | - | -12.8% |
| Apr 7 | 08:30 | Industrial Production (YoY) | - | -11.4% |
Friday Notes - UK, Industrial Production, manufacturing activity deep in recession by UniCredit Group
Surveys of manufacturing activity showed so far in Q1 that the pace of output contraction is likely to be similar to the one seen in Q4. Despite the ups and downs over the last few months, the manufacturing PMI was in line with Q4, while the Confederation of British Industries figure hit a new low.
[ Full Story ]Top Market Movers Review
US ISM NON−MANUFACTURING
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Apr 3 | 14:00 | ISM Non−Manufacturing | 40.8 | 42.0 | 41.6 |
DATA SNAP: Non−Manufacturing Sector Shrinks Again In March (Dow Jones)
On a day where the government reported unemployment levels had hit their highest level in a quarter century, a seperate report showed the service sector remained under serious pressure last month. The Institute for Supply Management reported Friday that its March non−manufacturing index moved to a reading of 40.8, from 41.6 in February.
[ Full Story ]- Read the Non−Manufacturing Report at ISM
- US ISM Non−Manufacturing declines to 40.8 in Mar from 41.6 (FXstreet.com)
US economic indicators - ISM indices (Mar): indicating ongoing economic contraction by BHF−Bank
US NONFARM PAYROLLS
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Apr 3 | 12:30 | Unemployment Rate | 8.5% | 8.4% | 8.1% |
| Apr 3 | 12:30 | Nonfarm Payrolls | -663K | -658K | -651K |
U.S. Non Farm Payrolls decline by 663K in March; Unemployment Rate increases to 8.5% (FXstreet.com)
U.S. economy has continued destroying employment at a very fast pace, as non−farm payrolls have declined by 663,000 in the month of march, according to data released by the U.S Department of Labor.
[ Full Story ]- Read the Employment data at Labor Department
- Forex: USD/JPY rises to 100.27, fresh 5−months highest on NFP data (FXstreet.com)
- GBP/USD: The Pound hits fresh high at 1.4845 after NFP data (FXstreet.com)
- DATA SNAP: US Payrolls Plunge Again; Jobless Rt At 25−Year High (Dow Jones)
US Morning Notes - USD higher waiting for US jobs report by Easy Forex
Daily Market Report - Data out of the US today includes the non−farm payrolls by Wachovia
London Bullion Report - Gold sluggish ahead of key data by The Bullion Desk
Economic Events
| Date (GMT) | Country | Event | Actual | Cons. | Previous | |
| Apr 3 | 14:00 | US | ISM Non−Manufacturing (Mar) | 40.8 | 42.0 | 41.6 |
| 16:00 | US | Fed's Bernanke Speech | ||||
| Apr 6 | 01:30 | AU | ANZ Job Advertisements (Mar) | -10.4% | ||
| 05:00 | JP | Coincident Index (Feb)  | 89.6% | |||
| 05:00 | JP | Leading Economic Index (Feb) | 77.2 | |||
| 06:00 | JP | Machine Tool Orders (YoY) (Mar) | -84.4% | |||
| 08:30 | EMU | Sentix Investor Confidence | -42.7 | |||