Tuesday, Mar 13, 18:03 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.
USD/JPY
Global FX Daily - U.S. Edition - GBP will retain a risk premium in a volatile JPY environment by Mellon Foreign Exchange
USD-JPY has been soft overnight, but remains above key support in the 117.00-25 area. A bounce from this area is needed today to bolster confidence, whereas a break lower would signal a further pullback in the very short-term. The second of these scenarios is favoured. A neckline to a potential head and shoulders on the hourly chart comes in at 117.24, although secondary support is at 116.95-117.00.
- FOREX FORUM: Technical Analysis forum. Post your charts and share your technical point of view.
- Read Tony Juste's latest comments on the Yen
- 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 - Strong Zew reading from Germany gives the EUR a helping hand by Saxo Bank
Daily Technical Briefing - “Yen and CHF Dominate as FX Market Sees Change In Trend†by FXCM
Mid-Day Forex Technical Report - Dollar Tumbles on Retails Sales and Risk Aversion by ActionForex.com
Currencies at a Glance
- EUR/USD
- The pair moves up and down after US Retail Sales news, now trades above 1.3200
03/13/2007 16:38 GMT - GBP/USD
- Breaks today's high after US Retail Sales news, now back to opening price level at 1.9326
03/13/2007 16:39 GMT - USD/CHF
- Continues to trade below first support level at 1.2203
03/13/2007 16:39 GMT - USD/JPY
- Trades around last week middle line at 116.76
03/13/2007 16:39 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
UK CLAIMANT COUNT RATE
| Date (GMT) | Event | Cons. | Previous | |
| Mar 14 | 09:30 | Claimant Count Rate | 2.9% | 2.9% |
Friday Notes - Correction, not a trend reversal by HVB Group
In February, we expect the mild downward trend in unemployment to continue, as employment growth remains on a strong footing and the labor supply is likely to decline. Reports on salary negotiations have not showed signs of faster wage growth so far. We see January average earnings ex-bonuses to have edged up only slightly to 3.8% (December: +3.7%).
[ Full Story ]Top Market Movers Review
US ADVANCE RETAIL SALES
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Mar 13 | 12:30 | Retail Sales ex Autos (MoM) | -0.1% | 0.3% | 0.2% |
| Mar 13 | 12:30 | Advance Retail Sales | 0.1% | 0.3% | 0% |
U.S Retail Sales, weaker than expected (FXstreet.com)
Retail sales edged up a mere 0.1% in February, below the expectations of a rise around 0.3%, according to data released by the Commerce Department. Sales in January remain flat, as it was reported in the first time.
[ Full Story ]- Redbook: US Retail Sales Up 0.2% 1st Week Mar Vs Feb (Dow Jones)
- US February retail sales up 0.1 pct vs 0.3 pct rise expected (AFX News)
- U.S. Advance Retail Sales 0.1% up in February; ex autos -0.1% (FXstreet.com)
- Tony Juste, FX Advisor at FXstreet.com: "Retail Sales are likely to determine how the US consumer is doing, and if that part of the economy can sustain the current economic cycle. I would dare to say that this data is more important than the unemployment itself." - FXstreet.com
U.S Market Update - Indices remain lower after soft February retail sales data by Trade The News
The Week Ahead - Retail Sales, Current Account, Import Prices, CPI, and Industrial Production by BBVA Bancomer
Economic Events
| Date (GMT) | Country | Event | Actual | Cons. | Previous | |
| Mar 13 | 09:30 | UK | Total Trade Balance (Feb) | -3.8B | -4.9B | -4.5B |
| 09:30 | UK | Trade Balance | -6.2B | -7.0B | 6.9B |
|
| 10:00 | DE | ZEW Survey - Economic Sentiment (Mar) | 5.8 | 3.1 | 2.9 | |
| 12:30 | US | Advance Retail Sales (Feb) | 0.1% | 0.3% | 0% | |
| 12:30 | US | Retail Sales ex Autos (MoM) | -0.1% | 0.3% | 0.2% |
|
| 14:00 | US | Business Inventories (Jan) | 0.2% | 0.1% | 0% | |
| 15:30 | UK | Leading Indicator Index | 0.3% | 0.1% | 0.1% | |
| 21:45 | NZ | Manufacturing Production (MoM) (4Q) | 2.7% | |||
| Mar 14 | 09:30 | UK | Claimant Count Rate (Feb) | 2.9% | 2.9% | |
| 10:00 | EMU | Industrial Production w.d.a. (YoY) (Jan) | 4.1% | 4.0% | ||