Monday, Aug 03, 17:11 GMT
ASIA-PACIFIC Trading Newsletter
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- All the events of the day in our Economic Calendar
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Forex Blogs
The Advisor's Blog: Majors hourly perspective by Valeria Bednarik
Still mounted on positive sentiment and despite German fall in Retail Sales, pair settles above the 1.4300 level ahead of Wall Street opening.
FX Market Readings: Month beginning expected moves by Dr.S.Sivaraman
The Advisor Blog: Gbp/Usd technical points
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Live Sessions Schedule
Trading Around Your Day Job
Expert: Ryan O'Keefe
Start: Mon, Aug 3, 19:00 GMT
Type of Session: Webinar
Trading Day's Live Wrap Up
Expert: Valeria Bednarik
Start: Mon, Aug 3, 22:30 GMT
Type of Session: Webinar
| Sponsored by | ||||
| Mon, Aug 3, 19:00 GMT | Trading Around Your Day Job  | Ryan O'Keefe | WBN |  |
| Mon, Aug 3, 22:30 GMT | Trading Day's Live Wrap Up | Valeria Bednarik | WBN | |
| Tue, Aug 4, 05:00 GMT | Asian Session: Live Market Analysis | Dr.S.Sivaraman | WBN | |
| Tue, Aug 4, 08:00 GMT | London Session Scenarios on GBPUSD & GBPJPY | Mihai Marinescu | WBN | |
| Tue, Aug 4, 12:30 GMT | What can we learn from July earning's season? | Adam Rosen | WBN | |
Current Session: U.S.
FXstreet.com Independent Analyst Team − U.S. manufacturing, also shrank less than forecast in July, after ISM rose to 48.9, an 11−month high, from 44.8 in June, recovering from a low of 32.9 in December, while construction spending beat expectations and rose 0.3 percent in June. Both reports trigger a major rally in stocks, sending S&P briefly above 1000 while DJIA remains close to 9285 the year high. Despite the week is full of first line data, investors don't fear to run into higher yielding currencies as signs of recession continue easing strongly across the world. Technically, majors seems way overbought against greenback, thus correction should be triggered soon. Those corrective movements however, will likely to remain limited due to strong sentiment.
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EUR/USD
EUR/USD: This Weeks Cyclical Economic Data to be Supportive of Risk by ACM − Advanced Currency Markets
A brief look at the daily chart today in preparation for the possibilities of breaking 1.4338. The medium term trend is obviously still up.
USD/JPY
USD/JPY: USD JPY is in a consolidation after the last bearish movement by Mataf.net
94,96. USD JPY is in a consolidation after the last bearish movement. USD JPY moves without trend and swings around exponential moving averages (EMA 50 and 100).
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 PERSONAL INCOME
| Date (GMT) | Event | Cons. | Previous | |
| Aug 4 | 12:30 | Core Personal Consumption Expenditure − Prices Index (YoY) | - | 1.8% |
| Aug 4 | 12:30 | Personal Income (MoM) | - | 1.4% |
| Aug 4 | 12:30 | Core Personal Consumption Expenditure − Prices Index (MoM) | - | 0.1% |
| Aug 4 | 12:30 | Personal Consumption Expenditures | - | 0.3 |
| Aug 4 | 12:30 | Personal Consumption Expenditure Deflator | - | 0.1% |
The Week Ahead - Amid ongoing weakness in the job market by BBVA Bancomer
After a two month upward adjustment due to increases in social benefits under the American Recovery and Reinvestment Act, personal income is expected to drop 1% in June. As the economy and job market remain weak, companies continue to implement unpaid furloughs, reduced work weeks and other measures that effectively reduce employee compensations.
[ Full Story ]Top Market Movers Review
US ISM MANUFACTURING
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Aug 3 | 14:00 | ISM Manufacturing | 48.9 | - | 44.8 |
US: ISM − Recovery Story Continues with Employment Still Weak by Wells Fargo Investments, LLC
Gains in orders and production lifted the ISM index to 48.9 and herald a continued march toward growth in the manufacturing sector. Orders rose to 55.3 which is a solid gain and above the breakeven. This suggests gains in production ahead and an economic recovery in the third quarter. Production rose to 57.9 with another nice gain. Employment readings rose to 45.6 but remain far below breakeven.
[ Full Story ]- DATA SNAP: ISM Factory Index Tips Higher In July (Dow Jones)
- CURRENCIES: Dollar Down As Manufacturing Tops Forecasts (Dow Jones)
- Forex: EUR/USD: Euro soars past 1.4350, 2009 high, after U.S data (FXstreet.com)
Top Fundamental Stories - ISM Manufacturing Signals Sector is Improving, while Construction Spending Rise Unexpectedly! by ecPulse.com
The Week Ahead - Can the data deliver? by X−Trade Brokers, XTB
Top Fundamental Stories - ISM Manufacturing and Construction Spending Dominate at the Start of the Week! by ecPulse.com
Economic Events
| Date (GMT) | Country | Event | Actual | Cons. | Previous | |
| Aug 3 | 14:00 | US | Construction Spending (MoM) (Jun) | 0.3% | -0.8% |
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| 14:00 | US | ISM Manufacturing (Jul) | 48.9 | 44.8 | ||
| 22:45 | NZ | Labor Cost Index (QoQ) (2Q) | 0.6% | |||
| Aug 4 | 01:30 | AU | House Price Index (QoQ) (2Q) | -2.2% | ||
| 01:30 | AU | House Price Index (YoY) (2Q) | -6.7% | |||
| 01:30 | AU | Retail Sales Trend (MoM) | 1% | |||
| 03:00 | NZ | ANZ Commodity Price (Jul) | 0.2% | |||
Educational Resources
Video Forex trading program − Day 1
This EXCLUSIVE 30−day trading program is a series of 30 short movies designed for those who would like to learn how to trade the forex market. It gives the student small trading assignments to do each day, practicing the strategies we teach on demo accounts, and is designed to generate interest in not only trading the forex market, but implementing the proper techniques. Start 4xlounge.com's course today with the first lesson: Day 1: Introduction