Thursday, Mar 01, 17:06 GMT
ASIA-PACIFIC Trading Newsletter
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- The Advisor Weblog: C'est la vie, 'carry traders'
- Special Coverage: World equity markets sell-off by FXstreet.com
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NEXT SPECIAL WEBINARS
Live Trading with the FX Advisor
Expert: Tony Juste
Start: Fri, Mar 2, 15:00 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.
USD/JPY
Bank Recomendations - Deutsche Bank, SAUDI HOLLANDI BANK by Finotec Group Inc.
USD JPY (118.20) Day-traders currently express the view that once the equity market storm calms, the carry-trade can resume. And, as we suspected, they reappeared on the bid ahead of ¥118 yesterday. However, we have repeatedly stressed that these operators are not carry-traders at all.
- Yen hits it even harder by Tony Juste
- 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 - JPY strengthened sharply overnight by Wachovia Corporation Economics Group
Daily Technical Briefing - Japanese Yen Continues Assault - Nearing an End? by FXCM
Forex Trading Strategies - Choppy Trading Ahead of Important US Data by Saxo Bank
Currencies at a Glance
- EUR/USD
- Drops below 1.3175
3/1/2007 4:15:37 PM - GBP/USD
- Moves down below 1.9600
3/1/2007 4:17:59 PM - USD/CHF
- Moves up above 1.2225
3/1/2007 4:20:06 PM - USD/JPY
- Moves up above 117.75
3/1/2007 4:21:55 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
Japan TOKYO CPI S.A
| Date (GMT) | Event | Cons. | Previous | |
| Mar 2 | 04:30 | Tokyo CPI (YoY) | 0.1% | 0.1% |
| Mar 2 | 04:30 | Tokyo CPI s.a(MoM) | -0.1% | 0.2% |
Forex Currency Outlook - YEN: Is the carry-trade at risk? by National Bank of Canada
The Bank of Japan (BoJ) raised interest rates for the second time in seven months in February. How fast and how far the BoJ moves along the path of interest-rate normalization will depend on incoming economic reports and the exchange rate.
[ Full Story ]- Tony Juste, FX Advisor at FXstreet.com - "CPI is a measure to see the progress of the inflation curve in Japan and the likelihood of further tightening bias by the Bank of Japan. With the Yen now strengthening and the carry trade history just over, any data inviting to think that there could be more rate hikes would just spark more selling pressure in all Yen crosses." - FXstreet.com
Top Market Movers Review
US PERSONAL CONSUMPTION EXPENDITURE CORE
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Mar 1 | 18:30 | Personal Consumption Expenditure Core (MoM) | 0.3% | 0.2% | 0.1% |
| Mar 1 | 18:30 | Personal Spending | 0.5% | 0.4% | 0.7% |
| Mar 1 | 18:30 | Personal Income | 1.0% | 0.3% | 0.5% |
Personal Income soars in January (FXstreet.com)
Americans have seen their Personal Income grow twice as much as their spending in January while an important gauge to measure inflation climbed higher, according to the latest report by the Commerce Department.
[ Full Story ]- US January personal incomes up 1.0 pct, largest rise in a year (AFX News)
- DATA SNAP: US Income Rises Double Spending Rate In Jan (Dow Jones)
- US Jan Core PCE 0.3% up on the month, rises 2.3% on the year (FXstreet.com)
- Tony Juste, FX Advisor at FXstreet.com: "Not a big deal of reaction these figures will have in the market, as expectations were met and any fears or possible stories surrounding the outcome of these figures were not met. USD not likely to get any support or take a hit from them." - FXstreet.com
Daily Global Commentary - The Medical Care Component of Personal Consumption Expenditure Price Index – Flavor of the Week by Northern Trust
Economic Events
| Date (GMT) | Country | Event | Actual | Cons. | Previous | |
| Mar 1 | 13:30 | US | Personal Consumption Expenditure Core (MoM) (Jan) | 0.3% | 0.2% | 0.1% |
| 13:30 | US | Personal Income (Jan) | 1.0% | 0.3% | 0.5% | |
| 13:30 | US | Personal Spending (Jan) | 0.5% | 0.4% | 0.7% | |
| 15:00 | US | ISM Manufacturing (Feb) | 52.3 | 50.0 | 49.3 | |
| 23:30 | JP | National Consumer Price Index (YoY) (Jan) | 0% | 0.3% | ||
| 23:30 | JP | National CPI s.a (MoM) (Jan) | 0.1% | 0% | ||
| 23:30 | JP | Tokyo CPI (YoY) (Feb) | 0.1% | 0.1% | ||
| 23:30 | JP | Tokyo CPI s.a(MoM) (Feb) | -0.1% | 0.2% | ||
| Mar 2 | 07:00 | DE | Retail Sales (MoM) (Jan) | -1.5% | 2.6% | |
| 07:00 | DE | Retail Sales (YoY) (Jan) | -0.8% | -0.2% | ||