Wednesday, Feb 28, 17:47 GMT
ASIA-PACIFIC Trading Newsletter
To Get Started
- The Advisor Weblog: Still not there yet, my green friend
- Special Coverage: World equity markets sell-off by FXstreet.com
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NEXT SPECIAL WEBINARS
Live Trading with Ed Ponsi
Expert: Ed Ponsi
Start: Thu, Mar 1, 16:00 GMT
Sponsored by: 
Type of Session: Webinar
How to become a professional trader - 10 Power Principles of successful trading systems
Expert: Markus Heitkoetter
Start: Tue, Mar 6, 17:00 GMT
Sponsored by: 
Type of Session: Webinar
Current Session: U.S.
EUR/USD
Mid-Day Forex Technical Report - Market Remains Steady after US Q4 GDP Downward Revision by ActionForex.com
Markets remain steady in tight range after US Q4 GDP prelim estimate which showed downward revision from advance estimate's 3.5% to 2.2%. The downward revision was primarily led by smaller inventory accumulation, weaker growth in personal consumption expenditures and higher imports.
- Have a glance at our latest advisor's comments on the Euro
- Check out how the currency moved on Live Currency Rates & Charts at FXstreet.com
- Follow up the most relevant Economic Data in the new Real Time Economic Calendar
- Be up to date with the Latest Forex News
Other Topics for this Session:
Daily Market Report: Forex - The Dollar extended losses against the Yen due to the unwinding of the USD/JPY carry trade by ICICI Bank
Forex Trading Strategies - Key Data for the USD by Saxo Bank
Daily Forex Forecast - Daily Forex Forecast by FXDream
Currencies at a Glance
- EUR/USD
- Moves up above 1.3210
2/28/2007 5:29:31 PM - GBP/USD
- Moves up above 1.9610
2/28/2007 5:30:21 PM - USD/CHF
- Moves down below 1.2195
2/28/2007 5:31:15 PM - USD/JPY
- Floating around 118.50
2/28/2007 5:32:06 PM
Analyst Sentiment Index (ASI)
Analysts Sentiment Index - EUR/USD
**Source : CMS Forex, Danske Bank A/S, FXstreet.com, Global Forex Trading Ltd. , KBC Bank, Mizuho Corporate Bank
[ View ASI page ] [ View EUR/USD page ]
Charting the Market Movers
EUR USD, Hourly
GBP USD, Hourly
Top Market Movers Preview
EMU PMI MANUFACTURING INDEX
| Date (GMT) | Event | Cons. | Previous | |
| Mar 1 | 14:00 | PMI Manufacturing Index | 55.7 | 55.5 |
Friday Notes - USD losing its appeal? by HVB Group
We expect manufacturing PMI to hold steady at 55.5 in February after a weaker-than-expected January reading. With output and new orders on a moderate downtrend, but the employment component on the rise since July, the manufacturing PMI remains consistent with a scenario of solid expansion.
[ Full Story ]Top Market Movers Review
US GDP ANNUALIZED
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Feb 28 | 18:30 | GDP Annualized | 2.2% | 2.3% | 3.5% |
Markets remain steady in tight range after US Q4 GDP prelim estimate which showed downward revision from advance estimate's 3.5% to 2.2%. The downward revision was primarily led by smaller inventory accumulation, weaker growth in personal consumption expenditures and higher imports.
[ Full Story ]- Watch Live Coverage of the US GDP in our Special Webinar
- Read the Gross Domestic Product at Bureau of Economic Analysis
- Economy grows slower than expected in 4Q (AFX News)
- Dollar Little Changed After US 4Q GDP Data On Consensus -2- (Dow Jones)
- Dollar Little Changed After US 4Q GDP Data On Consensus (Dow Jones)
- Tony Juste, FX Advisor at FXstreet.com: "GDP figures did not come as a surprise as the fall in Durable Goods anticipated a very poor manufacturing industry in the States. The market had anticipated weak figures, and that is the reason why I do not expect the USD having much of a trouble against the majors on the back of the news." - FXstreet.com
Wakeup Call on Forex Markets - JPY Volatility in Focus Along With US Key Data by Saxo Bank
Economic Events
| Date (GMT) | Country | Event | Actual | Cons. | Previous | |
| Feb 28 | 13:30 | US | GDP Annualized (4Q)  | 2.2% | 2.3% | 3.5% |
| 14:45 | US | Chicago PMI (Feb) | 47.9 | 50.0 | 48.8 | |
| 15:00 | US | Fed's Bernanke Testifies on Long Term US Fiscal Challenges | ||||
| 15:00 | US | New Home Sales (Jan) | 937K | 1080K | 1123 |
|
| Mar 1 | 08:55 | DE | PMI Manufacturing Index (Feb) | 58.5 | 58.5 | |
| 09:00 | EMU | PMI Manufacturing Index (Feb) | 55.7 | 55.5 | ||
| 09:30 | GB | PMI Manufacturing Index (Feb) | 53.0 | 52.8 | ||
| 10:00 | EMU | CPI Estimate (Feb) | 1.9% | 1.9% | ||
| 13:30 | US | Personal Consumption Expenditure Core (MoM) (Jan) | 0.2% | 0.1% | ||
| 13:30 | US | Personal Income (Jan) | 0.3% | 0.5% | ||