Thursday, Mar 08, 18:09 GMT
ASIA-PACIFIC Trading Newsletter
To Get Started
- The Advisor Weblog: Thank you, Mr. Trichet
- FXstreet.com Managed Accounts Program (MAP) launches its website
- Special Coverage: ECB and BoE meeting review by FXstreet.com
- Forex Forum: ECB raises rates to 3.75%
- 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
Weekly Webinar: 1st on Forex - The Week Ahead
Expert: Jerry Furst
Start: Mon, Mar 12, 12:00 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
Mid-Day Forex Technical Report - Euro Sent Lower after ECB Conference, Yen Correction Continues by ActionForex.com
EUR/USD's rebound from 1.3070 was limited at 1.3185, by 61.8% retracement of 1.3258 to 1.3070 at 1.3186. Subsequent sharp retreat indicates an intraday top is formed at 1.3185 and further retreat could now be seen towards 1.3108 support. But still, as long as this 1.3108 support holds, we'd expect the rebound from 1.3070 to extend further.
- EUR/USD intraday chart - testing trendlines 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:
Forex Trading Strategies - BoE Leaves Rates on Hold, ECB Hiked, all in Line with Expectations by Saxo Bank
Daily Technical Briefing - Dollar Treads Water - Beware of a Break by FXCM
FX Thoughts for the Day - FX Thoughts for the day - Evening - 08-Mar-2007....1136 GMT by Kshitij Consultancy Service
Currencies at a Glance
- EUR/USD
- Moves down below 1.3130
03/08/2007 14:32 GMT - GBP/USD
- Continues to drop below 1.9275
03/08/2007 14:33 GMT - USD/CHF
- Spikes up above 1.2265
03/08/2007 14:34 GMT - USD/JPY
- Continues to move up above 117.30
03/08/2007 14:36 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
GB INDUSTRIAL PRODUCT PRICE
| Date (GMT) | Event | Cons. | Previous | |
| Mar 9 | 09:30 | Industrial Production (YoY) | 0.5% | 0.4% |
| Mar 9 | 09:30 | Industrial Product Price (MoM) | 0.2% | 0.1% |
Friday Notes - Rolling in money by HVB Group
The stronger-than-expected PMI reading showed that the weakening momentum in manufacturing seen in Q4 2006 has not carried over into this year. The marked improvement in both the output and new orders PMI subindices indicates some acceleration in manufacturing production outpacing a modest drag from the oil and gas sector. Overall, we expect industrial production to edge up by 0.3% in January.
[ Full Story ]Top Market Movers Review
EMU ECB RATE DECISION
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Mar 8 | 12:45 | ECB Rate Decision | 3.75% | 3.75% | 3.50% |
The European Central Bank raises interest rates to 3.75% (FXstreet.com)
The European Central Bank has decided, after their monthly monetary policy meeting to raise interest rates to 3.75% form 3.5%. The deposit rate has been raised to 2.75% from 2.50% while the marginal lending rate has been hiked to 4.75% from 4.5%.
[ Full Story ]- Vote in our FOREX FORUM poll: What will be Trichet's decision?
- Read the Monetary Policy Decision at ECB
- Trichet says he is not saying that ECB rates now at a peak (AFX News)
- ECB Q&A: Rate Increase Decision Thursday Was Unanimous -4- (Dow Jones)
- Forex - Euro stable after expected ECB rate hike; eyes turn to statement (AFX News)
Forex Trading Strategies - BoE Leaves Rates on Hold, ECB Hiked, all in Line with Expectations by Saxo Bank
Daily Trading Strategy - ECB on tap, Trichet can change things by MVDForex
ECB and BoE meeting preview by FXstreet.com
Economic Events
| Date (GMT) | Country | Event | Actual | Cons. | Previous | |
| Mar 8 | 06:45 | CH | Consumer Price Index (YoY) (Feb) | 0% | 0.1% | 0.1% |
| 11:00 | DE | Industrial Production s.a. (MoM) | 1.9% | 0.3% | 0.1% |
|
| 11:00 | DE | Industrial Production s.a. w.d.a. (YoY) (Jan) | 8.1% | 6.1% | 5.2% | |
| 11:30 | EMU | Trichet Speaks at ECB Monthly News Conference | ||||
| 12:00 | GB | Bank of England Rate Decision (Mar 8) | 5.25% | 5.25% | 5.25% | |
| 12:45 | EMU | ECB Rate Decision | 3.75% | 3.75% | 3.50% | |
| 13:30 | US | Initial Jobless Claims (Mar 3) | 328K | 338K | ||
| 13:30 | CA | New Housing Price Index (YoY) (Jan) | 10.1% | 0.3% | 5.0% | |
| Mar 9 | 09:30 | GB | Industrial Product Price (MoM) (Jan) | 0.2% | 0.1% | |
| 09:30 | GB | Industrial Production (YoY) (Jan) | 0.5% | 0.4% | ||