Wednesday, Mar 07, 17:36 GMT
ASIA-PACIFIC Trading Newsletter
To Get Started
- The Advisor Weblog: All set for the big days
- Special Coverage: ECB and BoE meeting preview by FXstreet.com
- Forex Forum: What will BoE do with interest rates?
- Forex Forum: What will be Trichet's decision?
- Check out the rest of our newsletters and subscribe now!
- 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
A simple trading strategy using the 200MA
Expert: Sunil Mangwani
Start: Thu, Mar 8, 15:00 GMT
Sponsored by: 
Type of Session: Webinar
Derek Frey's Outlook
Expert: Derek Frey
Start: Mon, Mar 12, 15:00 GMT
Sponsored by: 
Type of Session: Webinar
Current Session: U.S.
EUR/USD
Bank Recomendations - Deutsche Bank, UBS, SEB MERCHANT BANKING by Finotec Group Inc.
EUR USD (1.3120): So far, the dip has not reached the level where we would try to exploit the sideways range with a bullish strategy. However, as long as the initial 1.3140 resistance is not overtaken first, we still favour this stance in case of a setback to 1.3060. The risk-limit to the eventual bullish view would be 1.3035. The target would be set at 1.3330.
- Take a look at Tony Juste's latest technical comments
- 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:
FX Thoughts for the Day - FX Thoughts for the day - Evening - 07-Mar-2007....1153 GMT by Kshitij Consultancy Service
Mid-Day Forex Technical Report - Dollar Mildly Lower after Disappointing ADP Employment by ActionForex.com
Forex Trading Strategies - Choppy Day Ahead of Key Events by Saxo Bank
Currencies at a Glance
- EUR/USD
- Trades around 1.3150
03/07/2007 16:58 GMT - GBP/USD
- Continues to trade above 1.9300
03/07/2007 17:00 GMT - USD/CHF
- Trades around 1.2200
03/07/2007 17:01 GMT - USD/JPY
- Trades around 116.40
03/07/2007 17:01 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
US FED'S BEIGE BOOK
| Date (GMT) | Event | Cons. | Previous | |
| Mar 7 | 19:00 | Fed's Beige Book | - | - |
The Week Ahead - ISM Services, Productivity, Beige Book and Nonfarm Payrolls by BBVA Bancomer
Qualitative assessments compiled in the Beige Book will be useful to enrich our perspectives on first quarter’s economic outlook. Considering the most recent activity indicators, the Beige Book will probably stress a decline in manufacturing activity (especially in the auto industry) and continuous growth in retail sales though at a moderate pace.
[ Full Story ]Top Market Movers Review
US ADP EMPLOYMENT CHANGE
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Mar 7 | 13:15 | ADP Employment Change | 57K | 102K | 121K |
ADP-Macroeconomics Advisers See Feb Payrolls +57,000 (Dow Jones)
An employment indicator published Wednesday by payrolls giant Automatic Data Processing (ADP) and consultancy Macroeconomic Advisers reported an increase of 57,000 private sector jobs in February.
[ Full Story ]- Read the ADP National Employment Report at ADP
- US ADP survey says non-farm payrolls rose 57,000 in February (AFX News)
- ADP February Unemployment increases by 57.000 (FXstreet.com)
- Tony Juste, FX Advisor at FXstreet.com: "ADP figures show what has been anticipated by the economic indicators in the recent months, namely that the US economy will not likely trigger any upside momentum, at least in the short term. We will most probably will have to get used to levels <100K until the start of summer." - FXstreet.com
Economic Events
| Date (GMT) | Country | Event | Actual | Cons. | Previous | |
| Mar 7 | 05:00 | JP | Leading Indicator Index (Jan)  | 35.0 | 35.0 | 37.5 |
| 11:00 | DE | Factory Orders s.a. (MoM) (Jan) | -1.0% | 0.4% | 0.7% |
|
| 11:00 | DE | Factory Orders s.a. (YoY) (Jan) | 7.8% | 6.7% | 1.7% | |
| 13:15 | US | ADP Employment Change | 57K | 102K | 121K | |
| 18:00 | US | Chicago Fed President Moskow Speaks | ||||
| 19:00 | US | Fed's Beige Book | ||||
| 20:00 | NZ | RBNZ Rate Decision | 7.50% | 7.25% | ||
| Mar 8 | 06:45 | CH | Consumer Price Index (YoY) (Feb) | 0.1% | 0.1% | |
| 11:00 | DE | Industrial Production s.a. (MoM) | 0.3% | -0.5% | ||
| 11:00 | DE | Industrial Production s.a. w.d.a. (YoY) (Jan) | 6.1% | 5.2% | ||