Friday, Aug 07, 16:40 GMT
ASIA-PACIFIC Trading Newsletter
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To Get Started
- FEATURED BLOG: FX Market Reading - NFP-data release induced volatile moves by Dr. S. Sivaraman
- WEBINAR VIDEOS: What is VWAP: How to Spot Institutions with Mark Whistler
- 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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The Trader's Edge: Pre−NFP EUR/USD Analsysis by Ross Yamashita
Economists predict a −330k to − 350k contraction in the job market and the unemployment rate is expected to climb a little further. If that happens, that plays right along...
Trading for a Living: BOE. NFP. Pound continues to fall… by David Aranzábal
FX Bootcamp: NFP a few hours away by David Pegler
Sponsored by 
Live Sessions Schedule
Asian Session: Live Market Analysis
Expert: Dr.S.Sivaraman
Start: Mon, Aug 10, 05:00 GMT
Type of Session: Webinar
Using Fibonacci ratios to manage your trades efficiently
Expert: Sunil Mangwani
Start: Mon, Aug 10, 09:00 GMT
Sponsored by: 
Type of Session: Webinar
| Sponsored by | ||||
| Mon, Aug 10, 05:00 GMT | Asian Session: Live Market Analysis | Dr.S.Sivaraman | WBN |  |
| Mon, Aug 10, 09:00 GMT | Using Fibonacci ratios to manage your trades efficiently | Sunil Mangwani | WBN | |
| Mon, Aug 10, 10:00 GMT | FX Instructor Live Trading Room  | Mark De La Paz | WBN |  |
| Mon, Aug 10, 14:00 GMT | Derek Frey's Outlook | Derek Frey | WBN |  |
| Mon, Aug 10, 16:00 GMT | Weekly Webinar: 1st on Forex − The Week Ahead | Jerry Furst | WBN |  |
Current Session: U.S.
Wall Street rallies on economic recovery; Dollar jumps
FXstreet.com − US stocks markets are climbing today's Friday session as markets are believing that economic recovery is a fact after the US July Unemployment data report. Investors as improved after 2−day pullback and they are reaching the bigger rally in the year. Dow Jones has jumped 1.40% to send the index close to 9,400, S&P 500 is posting 1.60% daily gains from opening index, consolidating above 1,000 level and the Nasdaq is rising 1.56% with the index trading above 2,000 level.
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EUR/USD
Forex: EUR/USD: Euro dips below 1.4280 level by FXstreet.com
The Euro, after nervous movement up and down in the moments immediately after the release of U.S. employment data, has weakened further and after breaking below 1.4280 level.
GBP/USD
Vulnerable Towards The 1.6000 Level by FXTechstrategy
With the pair now seen trading below its range bottom at 1.6184 following its Tuesday break lower, potential for further downside weakness remains though a recovery was seen in early trading today.
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 PRODUCTIVITY
| Date (GMT) | Event | Cons. | Previous | |
| Aug 11 | 12:30 | Nonfarm Productivity | - | 1.6% |
| Aug 11 | 12:30 | Unit Labor Costs | - | 3% |
Friday Notes - Back on track to growth by UniCredit Group
The index of worked aggregate hours dropped another 8% in 2Q, while real GDP fell a much more benign 1%. Accordingly, productivity (output per hour) has surged. The increase in compensation per hour was most likely more benign than in previous quarters – and certainly lower than the rise in output per hour. As a result, unit labor costs fell in 2Q after three consecutive increases. Both developments, the rise in productivity and the decline in unit labor costs, reflect the successful attempts of companies to cut costs and to streamline their businesses amid the severe economic recession.
[ Full Story ]Market Comment - Deleveraging the U.S. Economy by Comstock Partners Inc.
Top Market Movers Review
US NONFARM PAYROLLS
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Aug 7 | 12:30 | Nonfarm Payrolls | -247K | -345K | - |
| Aug 7 | 12:30 | Unemployment Rate | 9.4% | 9.6% | 9.5% |
U.S. Non farm payrolls drop less than expected; Euro and Pound nervous; yen, down (FXstreet.com)
U.S. Non−farm payrolls have declined by 247,000 in July, beating the experts expectations of a 275,000 decline, while the unemployment rate has edged down to 9.4% from 9.5% in June. Euro and Pound have soared on risk appetite, while the Yen plunged.
[ Full Story ]- Read the Employment Situation Summary at U.S. Bureau of Labor Statistics
- Wall Street rallies on economic recovery; Dollar jumps (FXstreet.com)
- DATA SNAP:US Job Cuts Slow; Jobless Rt Falls As Econ Steadies (Dow Jones)
- Summary Of U.S. Employment Data − Establishment Survey (Dow Jones)
US: Non Farm Payrolls Note by FX Solutions
Daily Forex News - Forex − Main Focus on US NFP by ACM − Advanced Currency Markets
Trading Signals Ahead of Payrolls by Advanced Currency FX
Economic Events
| Date (GMT) | Country | Event | Actual | Cons. | Previous | |
| Aug 7 | 12:30 | US | Average Hourly Earnings (MoM) (Jul) | 0.2% | 0.1% | 0.0% |
| 12:30 | US | Nonfarm Payrolls (Jul) | -247K | -345K | ||
| Aug 9 | 23:50 | JP | Adjusted Current Account (Jun) | ¥1015.8B | ||
| 23:50 | JP | Core Machinery Orders (MoM) (Jun) | -3% | |||
| 23:50 | JP | Money Supply M2+CD (YoY) (Jul) | 2.5% | |||
| 23:50 | JP | Trade Balance − BOP Basis (Jun) | ¥387.3B | |||
| Aug 10 | 01:30 | AU | Home Loans (Jun) | 2.2% | ||
Educational Resources
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Strategic & Tactical FOREX Trading − by Wayne McDonell
Understanding The Exact Process Behind The Movement In Price − by Sam Seiden
Institutional Trading Strategies: Pivot Points − by Andrei Pehar