Thursday, Apr 30, 16:16 GMT
ASIA-PACIFIC Trading Newsletter
To Get Started
- Learning Center: New Contents has been released! Chapter 3 of Unit A - Understand the Mechanics. Read it now!
- WEBINAR VIDEOS: Trading with the ATR & Bollinger Bands by Adam Rosen
- 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
CEO's weblog: International Traders Conference (ITC 2009) event limited to 60 attendees. Register now by Francesc Riverola
This year, we have limited the floor of the International Traders Conference (ITC 2009) to a maximum of 60 traders. The reason behind that decision is that we want to make sure that the event will be an excellent experience for our attendees so traders will get the most from key speeches and live trading sessions.
FX Path: GBP/USD - Rejected Near 1.5 Resistance by James Chen
The Advisor Blog: Dollar is rulling the party today by Valeria Bednarik
Find other fellow traders to share your comments and market view in the FOREX FORUM
Sponsored by 
Live Sessions Schedule
Derek Frey's Outlook
Expert: Derek Frey
Start: Mon, May 4, 14:00 GMT
Sponsored by: 
Type of Session: Webinar
Weekly Webinar: 1st on Forex − The Week Ahead
Expert: Jerry Furst
Start: Mon, May 4, 16:00 GMT
Sponsored by: 
Type of Session: Webinar
| Sponsored by | ||||
| Fri, May 1, 09:00 GMT | Understanding the simple rules of Money Management – Part I − The Risk−to−Reward ratio  | Sunil Mangwani | WBN |  |
| Fri, May 1, 12:00 GMT | US Pre−Market Open | Ed Ponsi | WBN |  |
| Fri, May 1, 13:00 GMT | FX Market Pulse | Raghee Horner | WBN | |
| Fri, May 1, 13:30 GMT | US Session Open | Ed Ponsi | WBN | |
| Mon, May 4, 12:00 GMT | Trading the JPY crosses | Adam Rosen | WBN | |
Current Session: U.S.
U.S. Update: Risk appetite corrections
FXstreet.com −U.S. employment costs increased a record−low 0.3% in the first quarter, while the weekly unemployment claims fell to 631K, still in levels according to deep recession levels. Chicago PMI finally, rose above expectations to 40.1 from a previous 31.4, sill far from the 50.0 level that marks growth. USD/JPY is facing right now, what we can consider an inflexion point: the 38.2% of the upside daily rally from 93.54 to 101.44.
.
USD/JPY
38.2% Fibonacci around 1.3225 will support further falls by FXstreet.com Independent Analyst Team
Pair continues correcting after past two days upside run and braking under the 38.2% of the last up leg and tending lower. Indicators point for further falls after price break under the 20 SMA that also has a downside slope and act as dynamic resistance.
GBP/USD
GBP/USD reacted up despite US GDP by FastBrokersFX
The Cable reacted positively despite worse than expected Prelim GDP data from the U.S. yesterday, catapulting towards our previous top−tier resistance of 1.4951 before reversing course. The GBP/USD's reversal marks a failure to climb through 4/6 highs, let alone tackle 1.50 and April highs.
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 PURCHASING MANAGER INDEX MANUFACTURING
| Date (GMT) | Event | Cons. | Previous | |
| May 1 | 08:30 | Purchasing Manager Index Manufacturing | 40.3 | 39.1 |
Friday Notes - Manufacturing activity has likely bottomed out by UniCredit Group
The meaningful increase in March for the manufacturing PMI fuelled hopes that the bottom in the manufacturing cycle might have been reached in Q1. We are pretty confident that Q2 will mark some improvements in production.
[ Full Story ]Top Market Movers Review
US PERSONAL CONSUMPTION EXPENDITURE DEFLATOR
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Apr 30 | 12:30 | Core Personal Consumption Expenditure − Prices Index (MoM) | 0.2% | 0.1% | 0.2% |
| Apr 30 | 12:30 | Personal Income (MoM) | -0.3% | -0.2% | -0.2% |
| Apr 30 | 12:30 | Personal Consumption Expenditure Deflator | 0.6% | 0.7% | 0.9% |
| Apr 30 | 12:30 | Personal Spending | -0.2 | -0.1 | 0.4 |
| Apr 30 | 12:30 | Core Personal Consumption Expenditure − Prices Index (YoY) | 1.8% | 1.8% | 1.8% |
DATA SNAP: US Savings Rate Is At 4.2% In March (Dow Jones)
The spending of U.S. consumers dropped in March along with their incomes and they elevated savings to ward off the recession. Personal consumption in March fell at a seasonally adjusted rate of 0.2% compared to the month before, the Commerce Department said Thursday.
[ Full Story ]- Read the Personal Income and Outlays data at Commerce Department
- US Personal Income−STATS−Historical (Dow Jones)
- US Mar Core PCE MoM at 0.2%, 1.8% YoY (FXstreet.com)
- US Mar personal income falls 0.3%, spending down 0.2% (FXstreet.com)
US economic indicators - PCE core deflator (Mar): annual rate remaining unchanged by BHF−Bank
Economic Events
| Date (GMT) | Country | Event | Actual | Cons. | Previous | |
| Apr 30 | 13:45 | US | Chicago Purchasing Managers' Index (Apr) | 40.1 | 34.0 | 31.4 |
| 14:00 | ZA | SARB Interest Rate Decision | 8.5% | 9.5% | ||
| 23:30 | JP | Jobless Rate (Mar) | 4.5% | 4.4% | ||
| 23:30 | JP | National Consumer Price Index (YoY) (Mar) | -0.3% | -0.1% | ||
| 23:30 | JP | National CPI Ex Food, Energy (YoY) (Mar) | -0.2% | -0.1% | ||
| 23:30 | JP | National CPI Ex−Fresh Food (YoY) (Mar) | -0.2% | 0.0% | ||
| 23:30 | JP | Overall Household Spending (YoY) (Mar) | -2.7% | -3.5% | ||