Wednesday, Aug 05, 17:37 GMT
ASIA-PACIFIC Trading Newsletter
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To Get Started
- BoE and ECB Interest Rates decision Live Coverage: Thursday, at 10:45 GMT with Valeria Bednarik
- NFP Release Live Coverage: Friday, at 12:45 GMT with Nick Nasad
- WEBINAR VIDEOS: The Weather Report: Ichimoku Cloud Trading with Chris Capre
- Forex Tools renewed! Check out the brand new features: Margin Calculator and Carry Trade Calculator
- All the events of the day in our Economic Calendar
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Forex Blogs
Trading for a Living: The Asian channel at the European opening worked like a charm (II) by David Aranzabal
Again Technical levels worked fine at the European Opening. Price went all the way up from support to resistance showing us that we have to watch the patterns that repeat themselves everyday. Consistence is the key in this business.
The Trader's Edge: EUR/USD Quick Update by Ross Yamashita
FX Bootcamp: Currency Correlations by Wayne McDonell
Sponsored by 
Live Sessions Schedule
Live Look at Today's Markets
Expert: Derek Frey
Start: Wed, Aug 5, 17:00 GMT
Sponsored by: 
Type of Session: Webinar
Tracking the forex market together / Part I
Expert: Dr.S.Sivaraman
Start: Thu, Aug 6, 09:00 GMT
Type of Session: Webinar
| Sponsored by | ||||
| Wed, Aug 5, 17:00 GMT | Live Look at Today's Markets | Derek Frey | WBN | |
| Thu, Aug 6, 05:00 GMT | Asian Session: Live Market Analysis | Dr.S.Sivaraman | WBN |  |
| Thu, Aug 6, 09:00 GMT | Tracking the forex market together / Part I | Dr.S.Sivaraman | WBN | |
| Thu, Aug 6, 11:00 GMT | FX Instructor Live Trading Room  | Mark De La Paz | WBN |  |
| Thu, Aug 6, 13:00 GMT | Tracking the forex market together / Part II | Dr.S.Sivaraman | WBN | |
Current Session: U.S.
GBPUSD:Challenges The 1.7000 Level & Beyond
FXTechstrategy − Although an attempt at the 1.7000 level failed and yielded a marginal close Tuesday, GBP was retargeting that same level in early trading today. Even though this psycho level will be easy to break, an eventual crack of there will leave the pair continuing its medium term strength towards the 1.7100 level and then the 1.7200 level.
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EUR/USD
U.S. Update: Dollar weakness steady by FXstreet.com Independent Analyst Team
Mostly flat in 4 hours, charts, the pair failed to break above the consolidation flag we are moving in since past Monday, yet also rebounded strongly when approached to the base.
AUD/USD
Australian Dollar bulls continue to advance higher by TradeTheNews.com
Australian Dollar bulls continue to advance higher following the move above resistance at 0.8381, a 61.8 Fib of the 0.9849−0.6007 USD rally.
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 BOE INTEREST RATE DECISION
| Date (GMT) | Event | Cons. | Previous | |
| Aug 6 | 11:45 | ECB Interest Rate Decision | - | 1% |
| Aug 6 | 11:00 | BoE Interest Rate Decision | - | 0.5% |
Event risk: BOE and ECB policy meetings Thursday by Easy Forex
The next Bank of England (BOE) policy decision will be announced on Thursday August 6th. At the July policy meeting, the BOE elected to keep policy on hold at 0.5% and maintain its current level of asset purchases at £125 bln.
[ Full Story ]EMU ECB INTEREST RATE DECISION
| Date (GMT) | Event | Cons. | Previous | |
| Aug 6 | 11:45 | ECB Interest Rate Decision | - | 1% |
The impact of the ECB policy meeting should be limited by Easy Forex
The next European Central Bank (ECB) meeting will be held on Thursday August 6th. At May policy meeting the ECB reduced interest rates to a record low 1%, expanded its repo auctions from six months to 12 months and announced a plan to buy €60 bln in covered bonds.
[ Full Story ]Top Market Movers Review
US ADP EMPLOYMENT CHANGE
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Aug 5 | 12:15 | ADP Employment Change | -371K | -335K | -473K |
ADP Survey Sees July US Private−Sector Jobs −371K (Dow Jones)
The pace of layoffs may be easing. Private−sector jobs in the U.S. fell 371,000 in July, according to a national employment report published Wednesday by payroll giant Automatic Data Processing Inc.
[ Full Story ]- Read the ADP National Employment Report
- Wall Street drops on ADP employment data; Dollar lower (FXstreet.com)
- Forex: GBP/USD: Pound back to 1.7000/05 area post ADP (FXstreet.com)
- Forex: EUR/USD: Euro dips below 1.4400 after ADP data (FXstreet.com)
FX View - A tad of risk aversion boosts dollar by Interactive Brokers LLC
Top Fundamental Stories - Private Employers Continue to Shed Workers According to the ADP Employment Report by ecPulse.com
Top Fundamental Stories - ADP Employment Dominates Ahead of Friday's Payrolls! by ecPulse.com
Economic Events
| Date (GMT) | Country | Event | Actual | Cons. | Previous | |
| Aug 5 | 14:00 | US | Factory Orders (Jun) | 0.4% | 0.0% | 1.1% |
| 14:30 | US | EIA Crude Oil Stocks change | 1.7M | 5.1M | ||
| 22:45 | NZ | Unemployment Rate (2Q) | 5.7% | 5.0% | ||
| 23:01 | UK | NIESR GDP Estimate | -0.4% | |||
| Aug 6 | 01:30 | AU | Employment Change (Jul) | -18.0K | -21.4K | |
| 01:30 | AU | Unemployment Rate (Jul) | 6.0% | 5.8% | ||
| 05:00 | JP | Coincident Index (Jun)  | 87.1% | |||
Educational Resources
US specific forex regulations to be aware of
This week's article will review some of the new regulations affecting retail Forex traders with accounts in the US that are scheduled to take effect in August, 2009. Read full Steve Misic's article!
Other articles of this week's Lessons from the Pros
Pro−Active Financial Management - Article by Sam Seiden
The Great Reflation Experiment - Article by John Mauldin
Interpreting the Option Chain - Article by Online Trading Academy Team
Selecting a Commodity to Trade - Article by Don Dawson