Friday, Sep 04, 16:44 GMT
ASIA-PACIFIC Trading Newsletter
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International Traders Conference
LAST SEATS AVAILABLE!
Don't miss the third edition of FXstreet.com's International Traders Conference (ITC) on October 14-16, 2009 in Barcelona. Live Trading next to the experts.
This year's key speakers panel: Valeria Bednarik, Rob Booker, James Chen, Kim Cramer Larsson, Markus Heitkoetter, Ashraf Laidi and Andrei Pehar.
Limited to 60 seats! Register now!
To Get Started
- Don't miss the Non-farm Payrolls Live Coverage Special 40th edition. With Wayne McDonell. Amazing prizes awaiting for you!
- WEBINAR VIDEOS: The End of the Dollar Asset Bubble by Joseph Trevisani
- Forex Trading Workshop - London – 20th & 21st September 2009, conducted by Fibonacci expert Sunil Mangwani
- All the events of the day in our Economic Calendar
Note that our messages might be blocked by anti-spam filters so please add newsletter@fxstreet.com or our domain (fxstreet.com) to your address book.
Forex Blogs
The Advisor Weblog: Hourly perspective for majors by Valeria Bednarik
Here is the hourly perspective for majors; pairs had approached to key support/resistance levels, failed to break, and waited for U.S. stocks. Wall Street is positive, supporting dollar and yen falls for now, yet nothing really big at this point.
CEO'S Weblog: 700 traders attending Wayne McDonell’s Non Farm Payrolls Webinar by Francesc Riverola
FX Market Readings: After dip rise by Dr. S. Sivaraman
Sponsored by 
Live Sessions Schedule
Asian Session: Live Market Analysis
Expert: Dr.S.Sivaraman
Start: Mon, Sep 7, 05:00 GMT
Type of Session: Webinar
Using Fibonacci ratios to manage your trades efficiently
Expert: Sunil Mangwani
Start: Mon, Sep 7, 09:00 GMT
Sponsored by: 
Type of Session: Webinar
| Sponsored by | ||||
| Mon, Sep 7, 05:00 GMT | Asian Session: Live Market Analysis | Dr.S.Sivaraman | WBN |  |
| Mon, Sep 7, 09:00 GMT | Using Fibonacci ratios to manage your trades efficiently | Sunil Mangwani | WBN | |
| Mon, Sep 7, 10:00 GMT | FX Instructor Live Trading Room  | Mark De La Paz | WBN |  |
| Mon, Sep 7, 12:00 GMT | US Pre−Market Open | Ed Ponsi | WBN | |
| Mon, Sep 7, 13:30 GMT | US Session Open | Ed Ponsi | WBN | |
Current Session: U.S.
Upside bounces should remain capped by the 1.4230/50 to keep bearish bias intact
FXstreet.com Independent Analyst Team − After U.S. Nonfarm Payrolls, pair is struggling with 1.4180/90 strong support zone. Hourly charts have turned bearish as well as bigger time frames but the pair needs to break under mentioned level to extend the downside rally. Under 20 SMA in both time frames, pair is waiting for Wall Street opening to define a certain trend for the rest of the day. Upside bounces should remain capped by the 1.4230/50 area to keep bearish bias intact.
GBP/USD
GBPUSD: Recovering Higher Off Recent Low by FXTechstrategy
Having backed off lower level prices at 1.6112 to close higher on Tuesday, GBP was seen following through higher in early trading today.
GOLD
Gold upside momentum stalls ahead of 1000 by TradeTheNews.com
Gold managed to breach a number of key upside levels after the metal bulls powered through the triangle's upper boundary along with the June monthly pivot high at 989.85.
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
Germany FACTORY ORDERS S.A.
| Date (GMT) | Event | Cons. | Previous | |
| Sep 7 | 10:00 | Factory Orders n.s.a. (YoY) | - | -25.3% |
| Sep 7 | 10:00 | Factory Orders s.a. (MoM) | - | 4.5% |
Friday Notes - Germany, New orders: Demand recovers rapidly by UniCredit Group
The odds are excellent that even after the very strong gains in the last four months the order situation staged a further tangible recovery at the beginning of the second half of the year. Purchasing managers were much more upbeat in their assessment of new orders for July, and the business climate in most important trading partner countries has also continued to recover strongly.
[ Full Story ]Top Market Movers Review
US NONFARM PAYROLLS
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Sep 4 | 12:30 | Unemployment Rate | 9.7% | 9.5% | 9.4% |
| Sep 4 | 12:30 | Nonfarm Payrolls | -216K | -223K | -276K |
Top Fundamental Stories - Unemployment Rise to the Highest in 26 years at 9.7% in the United States! by ecPulse.com
[ Full Story ]- Read the Employment data at the Labor Department
- U.S. markets, little changed after NFP figures; Dollar giving away gains (FXstreet.com)
- UPDATE:Unemployment Rate Hits 9.7%, Highest Since June '83 (Dow Jones)
- Forex: EUR/USD: Euro Post−NFP decline finds support at 1.4195 (FXstreet.com)
Fundamental Currencies Comments - Better than expected Non−Farm reading boost the dollar by ecPulse.com
Daily Market Report - It's all about employment data in the US and Canada this morning by Wells Fargo Investments, LLC
European Market Update - US payroll release ahead of 3−day US weekend by TradeTheNews.com
Economic Events
| Date (GMT) | Country | Event | Actual | Cons. | Previous | |
| Sep 4 | 00:00 | G20 Meeting | ||||
| 14:00 | CA | Ivey Purchasing Managers Index (Aug) | 55.7 | 54.0 | 51.8 | |
| Sep 5 | 00:00 | G20 Meeting | ||||
| Sep 7 | 01:30 | AU | ANZ Job Advertisements (Aug) | -1.7% | ||
| n/a | UK | Halifax House Prices (MoM) | 0.5% | 1.1% | ||
| n/a | UK | Halifax House Prices (YoY) | -10.1% | -12.1% | ||
| 06:30 | AU | Foreign Reserves (Aug) | 53.2 | |||
Educational Resources
Where Most People Get It Wrong
With so much education on how to properly speculate in markets out there, why is it that most people lose money? How can this be? The answer is twofold and is the focus of this piece. Read whole Sam Seiden's article!
Other articles of this week's Lessons from the Pros
An Uncomfortable Choice - Article by John Mauldin
Being Honest With Yourself - Article by Don Dawson
Premium Juice - Article by Online Trading Academy Team
FX Trading as a Business or Hobby…You Decide - Article By Online Trading Academy Team