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ASIA-PACIFIC Trading Newsletter
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Forex Blogs
The Advisor Blog: Hourly charts for majors by Valeria Bednarik
EUR/USD Current price: 1.3410. Trichet's announcement of quantitative easing in the euro zone, send the pair to test the 1.3440 resistance zone, a probable triple roof, in the hourly chart. Indicators are pointing for further gains in the pair, so watch for a confirmation above that level. Base of the formation around 1.3240 seems to far to be tested in the next hours.
Trading for a Living: Markets in range, but we got 40 pips at the European opening by David Aranzabal
CEO's Weblog: NFA confirms FIFO delay to July 31st 2009 by Francesc Riverola
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Live Look at Today's Markets
Expert: Derek Frey
Start: Thu, May 7, 17:00 GMT
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SPECIAL EVENT: Trade Non−Farm Payrolls LIVE − 36th Edition
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Start: Fri, May 8, 11:30 GMT
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| Sponsored by | ||||
| Thu, May 7, 17:00 GMT | Live Look at Today's Markets | Derek Frey | WBN | |
| Fri, May 8, 11:30 GMT | SPECIAL EVENT: Trade Non−Farm Payrolls LIVE − 36th Edition | Wayne McDonell | WBN | |
| Mon, May 11, 12:30 GMT | Trading Forex Volatility  | James Chen | WBN |  |
| Mon, May 11, 13:30 GMT | US Session Open | Ed Ponsi | WBN | |
| Mon, May 11, 16:00 GMT | Weekly Webinar: 1st on Forex − The Week Ahead | Jerry Furst | WBN |  |
Current Session: U.S.
Trichet's announcement of quantitative easing sent the pair to 1.3440
FXstreet.com Independent Analyst Team − Trichet's announcement of quantitative easing in the euro zone, send the pair to test the 1.3440 resistance zone, a probable triple roof, in the hourly chart. Indicators are pointing for further gains in the pair, so watch for a confirmation above that level. Base of the formation around 1.3240 seems to far to be tested in the next hours.
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GBP/USD
EUR/USD rallies strongly in reaction to today's ECB decision by FastBrokersFX
The EUR/USD is rallying strongly in reaction to today's decision by the ECB. Trichet announced the ECB is lowering its benchmark rate to 1%, in−line with analyst expectations. In addition to the interest rate cut, the ECB has decided to move forward with quantitative easing−like measures
AUD/USD
AUD/USD: Aussie is well set to now target 0.77−78 over the next couple of sessions by Kshitij Consultancy Service
Aussie is well set to now target 0.77−78 over the next couple of sessions/ days. Having breached an important Resistance region of 0.7560−0.7580. Soaring commodities continue to push the pair up.
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 BANK STRESS TEST INFO
| Date (GMT) | Event | Cons. | Previous | |
| May 7 | 21:00 | Bank Stress Test Info | - | - |
Market Sense - Hold on to the stress by UniCredit Group
We are often at our most vulnerable when the tension suddenly drops: after an important exam, at the end of an intense work assignment— the stress disappears, the adrenalin that kept us going drains away, and a simple cold suddenly knocks us out.
[ Full Story ]Start the Day - US stress−tested banks have until June 8th to outline how they will raise capital by Mizuho Corporate Bank
Daily Forex Outlook - Leaked Bank Stress Tests fuel Rally by Easy Forex
Top Market Movers Review
US NONFARM PRODUCTIVITY
| Date (GMT) | Event | Actual | Cons. | Previous | |
| May 7 | 12:30 | Nonfarm Productivity | 0.8% | 0.6% | -0.4% |
| May 7 | 12:30 | Unit Labor Costs | 3.3% | 2.7% | 5.7% |
DATA SNAP: US 1Q Productivity Up Despite Big Output Drop (Dow Jones)
U.S. productivity defied the recession last quarter, managing a modest increase despite another large contraction in output.
[ Full Story ]- Productivity and Costs at Bureau of Labor Statistics
- US Productivity And Cost Index−STATS−Historical (Dow Jones)
- US Nonfarm Productivity increases 0.8% in 1Q (FXstreet.com)
- US Unit Labor Costs increase 3.3% in Q1 (FXstreet.com)
EMU ECB INTEREST RATE DECISION
| Date (GMT) | Event | Actual | Cons. | Previous | |
| May 7 | 11:45 | ECB Interest Rate Decision | 1.00% | 1.00% | 1.25% |
Good news: ECB to buy covered bonds! by UniCredit Group
As expected, the ECB cut the refi rate by 25bp bringing it to the historical low of 1%, narrowed again the corridor to +/−75bp and extended the maturity of unlimited funding to banks up to 12 months.
[ Full Story ]- Read the Official Statement at ECB
- Wall Street advances on better than expected retailers reports, EUR fuelled by ECB (FXstreet.com)
- WORLD FOREX: Euro At 1−Mo High Vs Dollar On ECB's Plans (Dow Jones)
- Forex: EUR/USD: Euro reaches intra−day high at 1.3380 after ECB monetary policy decision (FXstreet.com)
US Morning Notes - USD lower, BOE extends QE, ECB cuts refi rate 25bps by Easy Forex
Sunrise Market Commentary - ECB to decide on ‘non−standard' measures by KBC Bank
FX Daily Update - Buy the Rumor Sell the Fact for the Euro? by SpikeCharts
Economic Events
| Date (GMT) | Country | Event | Actual | Cons. | Previous | |
| May 7 | 13:30 | US | Fed's Bernanke Speech | |||
| 14:00 | CZ | CNB Interest Rate Decision | 1.50% | 1.75% | ||
| 19:00 | US | Consumer Credit (Mar) | -$4.0B | -$7.5B | ||
| 20:15 | US | Fed's Bernanke Speech | ||||
| 21:00 | US | Bank Stress Test Info | ||||
| 23:50 | JP | BoJ Minutes | ||||
| May 8 | 05:45 | CH | Unemployment Rate (Apr) | 3.5% | 3.4% | |