Thursday, Aug 06, 16:28 GMT
ASIA-PACIFIC Trading Newsletter
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- NFP Release Live Coverage: Friday, at 12:45 GMT with Nick Nasad
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- All the events of the day in our Economic Calendar
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Forex Blogs
GBP and EURO Interest rates & US NFP Tomorrow
UK and EU Rates are expected to remain the same so it would be fair to assume that I'm not going to see too much excitement today at all. Most likely little or small movement post news today and all eyes will be on NFP tomorrow.
The Advisor's Blog: Majors’s sentiment for today by Valeria Bednarik
Sponsored by 
Live Sessions Schedule
Live Look at Today's Markets
Expert: Derek Frey
Start: Thu, Aug 6, 17:00 GMT
Sponsored by: 
Type of Session: Webinar
Trading Day's Live Wrap Up
Expert: Valeria Bednarik
Start: Thu, Aug 6, 22:30 GMT
Type of Session: Webinar
| Sponsored by | ||||
| Thu, Aug 6, 16:00 GMT | What is VWAP: How to Spot Institutions  | Mark Whistler | WBN |  |
| Thu, Aug 6, 17:00 GMT | Live Look at Today's Markets | Derek Frey | WBN | |
| Thu, Aug 6, 22:30 GMT | Trading Day's Live Wrap Up | Valeria Bednarik | WBN | |
| Fri, Aug 7, 05:00 GMT | Asia−Pacific Trading Webinar | Abdul Khan | WBN | |
| Fri, Aug 7, 11:30 GMT | SPECIAL EVENT: Trade Non−Farm Payrolls LIVE − 39th Edition | Wayne McDonell | WBN |  |
Current Session: U.S.
Gbp fell to the 50% of the weekly Fibo from 2.0150 to the 1.3500 lows
FXstreet.com Independent Analyst Team − After BOE decide to increase QE, Gbp fell quickly to the 50% of the weekly Fibo measured from 2.0150 to the 1.3500 lows. Falling stocks are keeping the pair under pressure, and seems likely correction will extend close to key 1.6740 zone. Hourly indicators remain bearish thus a bit exhausted. Bigger time frames are also supporting the bearish bias.
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EUR/USD
Weekly close above 1.4400 setting off a squeeze to 1.4600/1.4800 by Mizuho Corporate Bank
Euro is not overbought and so hopefully thin summer markets will see it burst higher, a weekly close above 1.4400 setting off a squeeze to 1.4600/1.4800 and probably an extension to the psychological 1.5000.
USD/JPY
U.S. Update: BoE surprise market by FXstreet.com
Pair is slowly regaining the bullish perspective in the midterm thus still trapped in the daily descendant channel we are following since early April. Above 95.90 maximums zone, 96.35, roof of the mentioned...
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 NONFARM PAYROLLS
| Date (GMT) | Event | Cons. | Previous | |
| Aug 7 | 12:30 | Nonfarm Payrolls | -345K | -467K |
US: Preview of US July unemployment report by Easy Forex
The US labor market remains weak, but the pace of jobs destruction appears to be slowing. US July unemployment and nonfarm payrolls (nfp) will be released on Friday August 7th. The July unemployment report is expected to show that the pace of US job losses is slowing as the recession is nearing an end. June nfp rose 102k to 467k, the trade had expected a reading of 365k. Seasonal factors contributed to the bigger than expected decline in the June nfp and may contribute a smaller npf rise in July. The June unemployment rate rose to 9.5% from 9.4% in May. This was the highest level for US unemployment in 26 years.
[ Full Story ]Week in Focus - ISM and NFP this week by RANsquawk
Top Market Movers Review
US CONTINUING JOBLESS CLAIMS
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Aug 6 | 12:30 | Continuing Jobless Claims | 6310K | - | 6197K |
US Jobless Claims −38K To 550K In August 1 Week; Survey +1K (Dow Jones)
The number of U.S. workers filing new claims for state jobless benefits fell last week, providing another glimmer of hope that the economy may be on the road to recovery.
[ Full Story ]- Read the oficial data at U.S. Department of Labor
- Forex: EUR/USD tests 1.4400 on claims report (FXstreet.com)
- US Continuing Jobless Claims rise to 6310K in Jul 25 (FXstreet.com)
- DJ Table Of US Initial, Continuing Claims (Dow Jones)
Economic Events
| Date (GMT) | Country | Event | Actual | Cons. | Previous | |
| Aug 6 | 12:30 | CA | Building Permits (MoM) (Jun) | 1.0% | 1.0% | 14.8% |
| 12:30 | US | Initial Jobless Claims (Aug 1) | 550K | 595K | 588K |
|
| Aug 7 | 01:30 | AU | RBA Monetary Policy Statement (Jun) | |||
| 05:45 | CH | Unemployment Rate (Jul) | 3.7% | 3.6% | ||
| 05:45 | CH | Unemployment Rate s.a. (Jul) | 3.9% | 3.8% | ||
| 06:00 | DE | Trade Balance (Jun) | 10.6B | 9.6B | ||
| 08:30 | UK | Producer Price Index − Input (MoM) s.a (Jul) | -0.8% | 1.5% | ||
Educational Resources
Video Forex trading program − Day 4
4xLounge's Forex 30−day Trading Program is an EXCLUSIVE course made of 30 short movies. It gives the student small trading assignments to do each day, practicing the strategies on demo accounts. From technical indicators to strategies and risk management, through major economic data and trendlines, all the basics of Forex are covered. Watch today's lesson: Day 4: The Technicals – MACD.