Friday, Mar 09, 18:00 GMT
ASIA-PACIFIC Trading Newsletter
To Get Started
- The Advisor Weblog: USD gets vital support from data
- 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!
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, 11:00 GMT
Sponsored by: 
Type of Session: Webinar
Derek Frey's Outlook
Expert: Derek Frey
Start: Mon, Mar 12, 14:00 GMT
Sponsored by: 
Type of Session: Webinar
The FX Mirror
Expert: Patrick Dyess
Start: Wed, Mar 14, 16:00 GMT
Sponsored by: 
Type of Session: Webinar
Topics
- Charts
- News releases
- Trading styles & techniques
Current Session: U.S.
USD/JPY
Mid-Day Forex Technical Report - Dollar Double Boosted by NFP and Trade Balance by ActionForex.com
USD/JPY's rally from 115.13 extends further to as high as 118.33 on broad based dollar strength and yen weakness. Firm break of mentioned 117.80 cluster resistance (38.2% retracement of 122.17 to 115.13 at 117.82) indicates that fall from 122.17 should have already completed at 115.13 and at this point, stronger rebound should be seen towards 61.8% retracement of 122.17 to 155.13 at 119.48. Touching of 117.17 will turned intraday outlook consolidative first.
- FOREX FORUM: Technical Analysis forum. Post your charts and share your technical point of view.
- Follow the Market follow-up 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:
Global FX Daily - U.S. Edition - USD consolidated in European trading by Mellon Foreign Exchange
Daily Market Report: Forex - The Dollar weakened with expectations of weak NFP data later today by ICICI Bank
Daily Technical Briefing - Critical Levels for the Dollar by FXCM
Currencies at a Glance
- EUR/USD
- Bounced near support at 1.3078, now back above 1.3100 again
03/09/2007 16:41 GMT - GBP/USD
- Tight range today, move up again above 1.9300
03/09/2007 16:41 GMT - USD/CHF
- Trades near last week high of 1.2332
03/09/2007 16:41 GMT - USD/JPY
- After retraced to 117.91, the pair keep moving up above 118.10
03/09/2007 16:41 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
Germany ZEW SURVEY - ECONOMIC SENTIMENT
| Date (GMT) | Event | Cons. | Previous | |
| Mar 13 | 10:00 | ZEW Survey - Economic Sentiment | 3.1 | 2.9 |
Friday Notes - Correction, not a trend reversal by HVB Group
The growth expectations of financial analysts have staged a sizeable recovery recently. This underscores the good prospects that the VAT increase can be digested relatively well, despite the expected dip at the beginning of this year. Even though the sentix fell slightly in March, we expect a further moderate increase in the ZEW.
[ Full Story ]- Tony Juste, FX Advisor at FXstreet.com: "Business confidence is a key indicator, especially after the rate hike by the ECB. A bad reading would open the door for speculation on a bad digestion of that decision and could lead also to think that economic growth (despite what they say) will be affected by such a decision." - FXstreet.com
Top Market Movers Review
US NONFARM PAYROLLS
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Mar 9 | 13:30 | Unemployment Rate | 4.5% | 4.6% | 4.6% |
| Mar 9 | 13:30 | Average Hourly Earnings (MoM) | $17.16 | $17.10 | $17.10 |
| Mar 9 | 13:30 | Nonfarm Payrolls | 97K | 110K | 146K |
U.S. Unemployment edges down in February (FXstreet.com)
Non Farm payrolls have posted the shortest growth of the last two years in February due to a sharp decrease on construction payrolls. Unemployment, nevertheless has decreased slightly and wages have posted an strong gain, which suggests economy is growing at an strong pace.
[ Full Story ]- Read the Employment Situation Summary at Labor Department
- CURRENCIES: Dollar Rallies After Payrolls, Trade Gap (Dow Jones)
- Dollar Tops Y118 On US Feb Jobs Data, Jan Trade Data (Dow Jones)
- US February non-farm payrolls up 97,000, unemployment rate falls to 4.5 pct (AFX News)
- Tony Juste, FX Advisor at FXstreet.com: "Again, will you believe that there is n upward revision to previous month's figures and a better-than-expected unemployment rate? let's not think of conspiracy theories because we could just be in the right path. I believe they wanted to send the markets a positive message after the turbulence of the last week, and they did so." - FXstreet.com
Asia Market Update - Asia Market Update - Limited upside for Asian stocks ahead of U.S. jobs data by Trade The News
Daily Fx Strategy - Could ADP Report Foretell a Gloomy Payrolls Report? by CMC Markets NY
Daily Global Commentary - Key Report to Watch Next Week – February Employment Situation by Northern Trust
US TRADE BALANCE
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Mar 9 | 13:30 | Trade Balance | -$59.12B | -$60.50B | -$61.45 |
DATA SNAP: US Jan Trade Gap Narrows As Exports Climb (Dow Jones)
The U.S. trade deficit shrank in January as exports of airplanes and computers rose while the nation purchased a lower amount of foreign-made consumer goods and cars. The U.S. deficit in international trade of goods and services declined by 3.8% to $59.12 billion from December's revised $61.45 billion, the Commerce Department said Friday.
[ Full Story ]- CURRENCIES: Dollar Rallies After Payrolls, Trade Gap (Dow Jones)
- Trade deficit slides 3.8 percent in Jan. (AFX News)
- Dollar Tops Y118 On US Feb Jobs Data, Jan Trade Data (Dow Jones)
- Tony Juste, FX Advisor at FXstreet.com: "The slight decrease in trade figures suggest that we may have seen a peak in the short term for the figures, and that the US could be just trying to reverse the trend. WIll it succeed? China will have a lot to say on this, but the numbers start to look good." - FXstreet.com
Economic Events
| Date (GMT) | Country | Event | Actual | Cons. | Previous | |
| Mar 9 | 12:00 | CA | Net Change in Employment (Feb) | 14.2K | 7.5K | 88.9K |
| 12:00 | CA | Unemployment Rate (Feb) | 6.1% | 6.2% | 6.2% | |
| 13:30 | US | Average Hourly Earnings (MoM) (Feb) | $17.16 | $17.10 | $17.10 | |
| 13:30 | US | Average Workweek (Feb) | 33.7 | 33.8 | 33.8 | |
| 13:30 | CA | International Merchandise Trade (Jan) | $6.35B | $4.80 | $4.98 | |
| 13:30 | US | Nonfarm Payrolls (Feb) | 97K | 110K | 146K |
|
| 13:30 | US | Trade Balance (Jan) | $-59.12B | -$60.50B | -$61.45 |
|
| 13:30 | US | Unemployment Rate (Feb) | 4.5% | 4.6% | 4.6% | |
| Mar 11 | 23:50 | DE | Consumer Price Index (MoM) (Feb) | 0.4% | -0.2% | |
| 23:50 | DE | Consumer Price Index (YoY) (Feb) | 1.6% | 1.6% | ||