Friday, May 01, 15:16 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
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Forex Blogs
Forex Trading Today: Yen and Dollar Weakness Continue with Shallow Corrective Behavior by Tim Salem
Greetings once again, Everyone! Our three Units of Cable, Dollar Yen, and Aussie Yen simply "Hold Their Ground", as any Retracements and Corrective Behavior we have seen since our last Post 8 hours ago have been "Shallow" to literally "Non−Existent" at this point.
Trading for a Living: Majors at a glance 1/05/2009 by David Aranzabal
Forexology: Trading within the waves of a Harmonic pattern by Sunil Mangwani
Find other fellow traders to share your comments and market view in the FOREX FORUM
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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 | ||||
| Mon, May 4, 09:00 GMT | Using Fibonacci ratios to manage your trades efficiently | Sunil Mangwani | WBN |  |
| Mon, May 4, 12:00 GMT | Trading the JPY crosses  | Adam Rosen | WBN |  |
| Mon, May 4, 14:00 GMT | Derek Frey's Outlook | Derek Frey | WBN | |
| Mon, May 4, 16:00 GMT | Weekly Webinar: 1st on Forex − The Week Ahead | Jerry Furst | WBN | |
| Tue, May 5, 11:00 GMT | FX Instructor Live Trading Room | Mark De La Paz | WBN |  |
Current Session: U.S.
Clearly bullish yet overextended pair needs some downside correction
FXstreet.com − Clearly bullish yet overextended pair needs some downside correction at this point to continue rising. Daily maximum at 99.58 reach exactly the 23.6% level of the daily Fibonacci retracement we have been following, 93.54/101.44. Once the 99.60 zone is cleared, pair could easily continue to the 100.00 level. Daily or even weekly close at actual levels, will favor the upside in the longer term.
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GBP/USD
GBP/USD: Pound pulls back below 1.4900 by FXstreet.com
The Pound has reached 1.4935 intra−day high on its rally from 1.4760, and the Pound has eased afterwards to levels right below 1.4900 ahead of the U.S. session opening.
EUR/USD
EUR/USD: The Euro pulls back below 1.3300 by FXstreet.com
The Eur o has eased after having reached an intra−day high at 1.3325 dropping to levels below 1.3300 and approaching 1.3215 support.
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 RETAIL SALES
| Date (GMT) | Event | Cons. | Previous | |
| May 4 | 06:00 | Retail Sales (MoM) | 0.2% | -0.2% |
| May 4 | 06:00 | Retail Sales (YoY) | -0.4% | -5.3% |
Friday Notes - Germany Retail Sales: Scrapping premium supports consumption by UniCredit Group
Retail sales have been trending significantly lower since the beginning of the year. Despite the strong disinflation, consumers remain reluctant to buy given the bleak economic environment.
[ Full Story ]Top Market Movers Review
US ISM MANUFACTURING
| Date (GMT) | Event | Actual | Cons. | Previous | |
| May 1 | 14:00 | ISM Manufacturing | 40.1 | 38.0 | 36.3 |
DATA SNAP/ISM Manufacturing: US Apr Manufacturing Index 40.1 Vs 36.3 Mar (Dow Jones)
The U.S. manufacturing sector contracted at a slower pace in April, helped by improving production and ordering activity, according to data released Friday by the Institute for Supply Management.
[ Full Story ]- Read full report at ISM
- US Apr ISM Manufacturing improves to 40.1 vs 36.3 (FXstreet.com)
Monitor - US: ISM preview for April by Danske Bank A/S
US economic indicators - ISM manufacturing index (Apr): contracting more slowly again by BHF−Bank
US FACTORY ORDERS
| Date (GMT) | Event | Actual | Cons. | Previous | |
| May 1 | 14:00 | Factory Orders | -0.9% | -0.7% | 0.7% |
DATA SNAP: US Mar Factory Orders Down More Than Expected (Dow Jones)
U.S. factory orders fell during March as businesses liquidate inventories heavily, dropping more than expected in another indication of the fragile state of the economy.
[ Full Story ]- Read the Factory Orders data at Census Bureau
- US Factory Orders down 0.9% in Mar (FXstreet.com)
- Table Of Data On Factory Orders From Commerce (Dow Jones)
Economic Events
| Date (GMT) | Country | Event | Actual | Cons. | Previous | |
| May 1 | 14:00 | US | Factory Orders (Mar) | -0.9% | -0.7% | 0.7% |
| 14:00 | US | ISM Manufacturing (Apr) | 40.1 | 38.0 | 36.3 | |
| May 3 | 22:45 | NZ | Labor Cost Index (QoQ) (1Q) | 0.6% | 0.7% | |
| May 4 | 01:30 | AU | ANZ Job Advertisements (Apr) | -8.5% | ||
| 01:30 | AU | House Price Index (QoQ) (1Q) | 0.0% | -0.8% | ||
| 01:30 | AU | House Price Index (YoY) (1Q) | -3.9% | -3.3% | ||
| 06:00 | DE | Retail Sales (MoM) (Mar) | 0.2% | -0.2% | ||