Monday, May 04, 16:06 GMT
ASIA-PACIFIC Trading Newsletter
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- 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
The Advisor Weblog: Usd/Jpy consolidating by Valeria Bednarik
Pair continues consolidating inside the 99.10/99.60 range, forming a probable continuation figure on that will get confirmed once the roof is broken. With previous daily maximums around that zone, consider 99.65 as a key level: daily close above it will mean a probable retest of the 101.00 area in the next days.
Trading for a living: 100 pips in Cable today by David Aranzabal
Forex Trading Today: Price May Appreciate as Equity Futures Lead in the Immediate-Term by Tim Salem (CVJ)
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Live Sessions Schedule
Profitable trading with Fibonacci, MA and Bollinger
Expert: Lea Peters
Start: Tue, May 5, 13:00 GMT
Type of Session: Webinar
The Weather Report: Ichimoku Cloud Trading
Expert: Chris Capre
Start: Tue, May 5, 14:00 GMT
Type of Session: Webinar
| Sponsored by | ||||
| 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 |  |
| Tue, May 5, 13:00 GMT | Profitable trading with Fibonacci, MA and Bollinger | Lea Peters | WBN |  |
| Tue, May 5, 14:00 GMT | The Weather Report: Ichimoku Cloud Trading | Chris Capre | WBN | |
| Tue, May 5, 15:00 GMT | Trading with Autochartist | Raghee Horner | WBN | |
Current Session: U.S.
EUR/USD: The Euro bounces up and approaches 1.3350 intra−day high
[bFXstreet.com − The Euro has declined during European session to a minimum level at 1.3210 to bounce and rally almost 120 pips on early U.S. session to reach levels close to 1.3350 intra−day high.
Resistance levels stand at the mentioned intra−day high art 1.3350 and above here, and above there, 1.3385 (April 30 high) and 1.3425. On the downside next support level lies at 1.3290/1.3300 and below there, 1.3265 and 1.3210.
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GBP/USD
GBP/USD: The pair has been contained on the upside by the 1.5030/70 zone by FXstreet.com
Above today's 1.4980 high pair could easily reach that levels in the next hours. Failure above today's high could turn into a double roof formation in 4 hours charts, with a neck around 1.4860 and an intermediate support at 1.4910.
USD/JPY
USD/JPY: Pair continues consolidating inside the 99.10/99.60 range by FXstreet.com
Pair continues consolidating inside the 99.10/99.60 range, forming a probable continuation figure on that will get confirmed once the roof is broken.
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 ISM NON−MANUFACTURING
| Date (GMT) | Event | Cons. | Previous | |
| May 5 | 14:00 | ISM Non−Manufacturing | - | 40.8 |
Friday Notes - ISM non−manufacturing by UniCredit Group
The tone of the comments to a variety of surveys, including the Fed's Beige Book, confirms the US economy is still contracting, but at a much slower pace than in the past six months. That is likely to be supported by the SM non−manufacturing report as well.
[ Full Story ]Top Market Movers Review
US PENDING HOME SALES
| Date (GMT) | Event | Actual | Cons. | Previous | |
| May 4 | 14:00 | Pending Home Sales (MoM) | 3.2% | 0.1% | 2.1% |
US Pending Home Sales Index +3.2% In March − NAR (Dow Jones)
A forecasting gauge of home sales rose more than expected in March, buoyed by first−time home buyers taking advantage of lower prices.
[ Full Story ]- Read Pending Home Sales Rise at NAR
- US Pending Home Sales increase 3.2% in Mar (FXstreet.com)
US: Housing by FX Solutions
Economic Events
| Date (GMT) | Country | Event | Actual | Cons. | Previous | |
| May 4 | 14:00 | US | Construction Spending (MoM) (Mar) | 0.3% | -1.4% | -1.0% |
| 14:00 | US | Pending Home Sales (MoM) (Mar) | 3.2% | 0.1% | 2.1% | |
| May 5 | 01:30 | AU | Building Permits (MoM) (Mar) | 2.8% | 7.8% | |
| 01:30 | AU | Building Permits (YoY) (Mar) | -18.9% | -25.5% | ||
| 03:00 | NZ | ANZ Commodity Price (Apr) | 1% | |||
| 04:30 | AU | RBA Interest Rate Decision | 3% | 3% | ||
| 05:45 | CH | SECO Consumer Climate (Apr) | -25 | -23 | ||