Tuesday, Mar 06, 18:06 GMT
ASIA-PACIFIC Trading Newsletter
To Get Started
- The Advisor Weblog: It definitely was a slow day
- Special Coverage: ECB and BoE meeting preview by FXstreet.com
- Check out the rest of our newsletters and subscribe now!
- FOREX FORUM: The Outsider Method
- Special Webinar: Trade Non-Farm Payrolls LIVE with Wayne McDonell
Send us your feed back. Post your comments about the new newsletters' format in the Forum.
NEXT SPECIAL WEBINARS
Outlook for Non-Farm Payrolls
Expert: Richard Lee
Start: Wed, Mar 7, 15:00 GMT
Sponsored by: 
Type of Session: Webinar
Topics
- US Economic Growth
- Possible Market Impact
The FX Mirror - Just for Premium Members
Expert: Patrick Dyess
Start: Wed, Mar 7, 19:00 GMT
Sponsored by: 
Type of Session: Webinar
Topics
- Charts
- News releases
- Trading styles & techniques
Current Session: U.S.
GBP/USD
FX Thoughts for the Day - FX Thoughts for the day - Evening - 06-Mar-2007....1234 GMT by Kshitij Consultancy Service
GBP-USD has remained within its 1.9300 – 1.9200 range during the day and much of the same is expected later on in the day as well. A break below the lower end of the trading range is likely to restart the fall in the pair. If so, there could be a fall towards 1.9037, the 200-MA on the daily sometime during the week.
- Read the latest comments on the USD 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 Technical Briefing - “Dollar Likely Pushes to New High in Near Term†by FXCM
Forex Trading Strategies - JPY Again Stealing the Picture by Saxo Bank
Daily Analysis - The dollar rebounded from a three-month low against the yen by Finotec Group Inc.
Currencies at a Glance
- EUR/USD
- Floating around 1.3100
03/06/2007 17:43 GMT - GBP/USD
- Continues to trade around 1.9270
03/06/2007 17:44 GMT - USD/CHF
- Continues to move up above 1.2245
03/06/2007 17:45 GMT - USD/JPY
- Trades around 116.40
03/06/2007 17:46 GMT
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 LEADING INDICATOR INDEX
| Date (GMT) | Event | Cons. | Previous | |
| Mar 7 | 05:00 | Leading Indicator Index | 35.0% | 31.8% |
US Open Market Points - Japanese Yen Broadly Lower, Breaks Support Against British Pound by FXCM
Markets seemed to regain some composure through Tokyo and London sessions as the previously unstoppable Japanese Yen fell against all major counterparts.
[ Full Story ]- Tony Juste, FX Advisor at FXstreet.com: "Leading indicators allow us to forecast what the economy should be doing in the next 2-3 months. In Japan, they are important because of the so-awaited recovery of the economy, and anything pointing to a gradual slow-down of the economy could be hammering th Yen again, amid speculation that the Japanese economy may not be out of the woods yet." - FXstreet.com
Top Market Movers Review
US FACTORY ORDERS
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Mar 6 | 15:00 | Factory Orders | -5.6% | -1.8% | 2.6% |
US January factory orders down 5.6 pct, largest fall in more than six years (AFX News)
Orders to US factories for manufactured goods fell in January by the largest amount in more than six years, as orders for durable goods were revised to their lowest level in just as long, the Commerce Department said today. New orders fell 5.6 pct in January after rising a revised 2.6 pct in the prior month.
[ Full Story ]- Read the Highlights from the preliminary report on manufacturers' shipments, inventories, and orders at Commerce Department
- U.S. Factory Orders fall on declining durable goods orders (FXstreet.com)
- DATA SNAP: US Jan Factory Orders Down More Than Expected (Dow Jones)
- US Factory Orders declines to -5.6% in Jan from 2.4% (FXstreet.com)
- Tony Juste, FX Advisor at FXstreet.com: "The manufacturing sector accumulates another 'good news' with the factory orders 8and the revised durable goods for January), confirming, and this is now even more serious, that the US economy has just one pillar supporting it: the consumer. If the consumer retreats from the buoyant consumption cycle, where is the US economy heading?" - FXstreet.com
Economic Events
| Date (GMT) | Country | Event | Actual | Cons. | Previous | |
| Mar 6 | 06:45 | CH | Gross Domestic Product s.a. (QoQ) (4Q) | 0.5% | 0.7% | 0.4% |
| 10:00 | EMU | Gross Domestic Product s.a. (QoQ) (4Q)  | 0.9% | 0.9% | 0.6% | |
| 10:00 | EMU | Gross Domestic Product s.a. (YoY) (4Q) | 3.3% | 3.3% | 3.3% | |
| 10:00 | EMU | Retail Sales (MoM) (Jan) | -1.0% | -0.4% | 0.3% | |
| 10:00 | EMU | Retail Sales (YoY) (Jan) | -0.1% | 1.3% | 2.1% | |
| 13:30 | US | Nonfarm Productivity | 1.6% | 1.7% | 3.0% | |
| 14:00 | CA | Bank of Canada Rate Decision | 4.25% | 4.25% | 4.25% | |
| 15:00 | US | Factory Orders (Jan) | -5.6% | -1.8% | 2.6% |
|
| Mar 7 | 01:30 | JP | Bank of Japan Deputy Governor Iwata Speaks at Financial Meeting | |||
| 05:00 | JP | Leading Indicator Index (Jan) | 35.0% | 31.8% | ||