Monday, Mar 12, 18:00 GMT
ASIA-PACIFIC Trading Newsletter
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NEXT SPECIAL WEBINARS
Technical Outlook for the Majors - What to Expect
Expert: Jamie Saettele
Start: Wed, Mar 14, 11:00 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
US Pre-Market Open - Live Free-Acess Day
Expert: Ed Ponsi
Start: Thu, Mar 15, 12:00 GMT
Sponsored by: 
Type of Session: Webinar
Current Session: U.S.
GBP/USD
FX Thoughts for the Day - FX Thoughts for the day - Evening - 12-Mar-2007....1154 GMT by Kshitij Consultancy Service
GBP-USD had a sharp rally during the day and with that the pair has covered almost its entire gap of 1.9431 and 1.9343. With the rally during the day, GBP-USD has tested its statistically projected Max High of 1.9429. Additionally there could be strong Resistance for the pair near 1.9450 so we would advocate caution in the near term. On the downside the Supports for the pair would come in at 1.9350 and then at 1.9300. The bias for the pair is neutral while it is trading below 1.9450 on a daily close basis.
- FOREX FORUM: Technical Analysis forum. Post your charts and share your technical point of view.
- GBP is falling very fast 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:
Mid-Day Forex Technical Report - Yen and Swiss Franc Recovers by ActionForex.com
Daily Trading Strategy - Staying close to home by MVDForex
Forex Trading Strategies - Carry Trade crosses are hit intraday, but it is still too early to speak about real unwinding by Saxo Bank
Currencies at a Glance
- EUR/USD
- Bounced at second resistant at 1.3193, now trades just below that level
03/12/2007 16:55 GMT - GBP/USD
- Moves up a little, now trades just below the pivot level at 1.9308
03/12/2007 16:55 GMT - USD/CHF
- The pair bounced at last week middle level at 1.2232, now trades around 1.2250
03/12/2007 16:55 GMT - USD/JPY
- Bounced at first support 117.40, now trades above the level
03/12/2007 16:55 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
UK PRODUCER PRICE INDEX - INPUT
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Mar 12 | 09:30 | Producer Price Index - Output (MoM) | 0.3% | 0.3% | 0.4% |
| Mar 12 | 09:30 | Producer Price Index - Input (YoY) | -1.0% | -0.8% | -2.1% |
| Mar 12 | 09:30 | Producer Price Index - Output (YoY) | 2.2% | 2.1% | 2.2% |
| Mar 12 | 09:30 | Producer Price Index - Input (MoM) | 1.3% | 0.7% | -2.5% |
European Market Update - UK PPI Surprise to the Upside by Trade The News
Core PPI Output reached its highest level since October of 2004 in the UK as raw material prices increased. While most of the numbers resulted in an upside surprise, there were downward revisions to the back month PPI input numbers.
[ Full Story ]- Read the Factory gate inflation remains at 2.2% at National Statistics
- UK February Output Producer Prices rise 2.2% yearly (FXstreet.com)
- UK Feb input prices jump 1.3 pct vs Jan; core output prices also rise sharply (AFX News)
- UK February PPI Table Of Data (Dow Jones)
Economic Events
| Date (GMT) | Country | Event | Actual | Cons. | Previous | |
| Mar 12 | 05:00 | JP | Consumer Confidence (Feb) | 48.4 | 48.4 | |
| 09:30 | UK | Producer Price Index - Input (MoM) (Feb) | 1.3% | 0.7% | -2.5% |
|
| 09:30 | UK | Producer Price Index - Input (YoY) (Feb) | -1.0% | -0.8% | -2.1% |
|
| 09:30 | UK | Producer Price Index - Output (MoM) (Feb) | 0.3% | 0.3% | 0.4% |
|
| 09:30 | UK | Producer Price Index - Output (YoY) (Feb) | 2.2% | 2.1% | 2.2% |
|
| 18:00 | US | Treasury Budget (Feb) | -116.5 | 83.2 | ||
| Mar 13 | 01:01 | UK | RICS House Price Balance (Feb) | 23% | 28% | |
| 09:30 | UK | Total Trade Balance (Feb) | -4650 | -4894 | ||
| 09:30 | UK | Trade Balance | -7.0B | -7.1B | ||
| 10:00 | EMU | Industrial Production w.d.a. (YoY) (Jan) | 4.1% | 4.0% | ||