Wednesday, Mar 14, 17:36 GMT
ASIA-PACIFIC Trading Newsletter
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NEXT SPECIAL WEBINARS
US Pre-Market Open - Live Free-Acess Day
Expert: Ed Ponsi
Start: Thu, Mar 15, 12:00 GMT
Sponsored by: 
Type of Session: Webinar
Technical Analysis Theory and Practice - Live Free-Access Day
Expert: Tony Juste
Start: Thu, Mar 15, 13:00 GMT
Sponsored by: 
Type of Session: Webinar
24 hour Outlook - Live Free-Access Day
Expert: John Putman
Start: Thu, Mar 15, 17:00 GMT
Sponsored by:
Type of Session: Webinar
Current Session: U.S.
GBP/USD
GBP/USD comment on recent price action - Breaks intraday downtrend line by FXstreet.com
After breaking downtrend line around 1.9300. the pair jsut spiked up, also supported with good gains in the crosses, especially in EUR/GBP. It has retraced from the hit of highs @ 1.9350 (extreme overbought territory), but still looks like a threat to shorts, especially as MA's could trigger a bullish cross.
- FOREX FORUM: Technical Analysis forum. Post your charts and share your technical point of view.
- Read Tony Juste's Markets follow up
- 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 - Carry Trades Still in Focus by Saxo Bank
Daily Technical Briefing - Dollar Holds Up - Could This Be a Signal of Pending Strength? by FXCM
Mid-Day Forex Technical Report - Dollar Takes a Breath on Current Account Balance by ActionForex.com
Currencies at a Glance
- EUR/USD
- The pair moves up above first resistant at 1.3225 after US Current Account news
03/14/2007 16:45 GMT - GBP/USD
- Trades slightly above first resistant at 1.9331 after US Current Account news
03/14/2007 16:45 GMT - USD/CHF
- Bounced at second support 1.2103, now trades around 1.2120
03/14/2007 16:45 GMT - USD/JPY
- Rejected at today's pivot 116.66, now moves down below 116.25
03/14/2007 16:46 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
EMU CONSUMER PRICE INDEX
| Date (GMT) | Event | Cons. | Previous | |
| Mar 15 | 10:00 | Consumer Price Index - Core (YoY) | 1.8% | 1.7% |
| Mar 15 | 10:00 | Consumer Price Index (YoY) | 1.8% | 1.8% |
| Mar 15 | 10:00 | Consumer Price Index (MoM) | 0.3% | -0.5% |
Friday Notes - Correction, not a trend reversal by HVB Group
In February, we expect the confirmation of the flash estimate reading, with eurozone inflation stable at 1.8%, remaining below 2% since August 2006. The core rate is expected to hold at 1.7%, with some upside risks. Overall, the inflation scenario remains benign: we expect further moderation in Q2 and Q3, and a rise back toward 2% in Q4 2007.
[ Full Story ]Top Market Movers Review
US CURRENT ACCOUNT
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Mar 14 | 12:30 | Current Account | $195.8B | $203.0B | $225.6B |
US Q4 current account deficit shrinks to 195.8 bln usd, equals 5.8 pct of GDP (AFX News)
The US current account deficit narrowed in the fourth quarter to its lowest quarterly level in more than a year, while the annual gap hit a record for the fifth consecutive year, the Commerce Department said today.
[ Full Story ]- Read the U.S. International Transactions at Department of Commerce
- Forex - Dollar edges higher after better-than-expected US current account data (AFX News)
- US Q4 current account deficit shrinks to 195.8 bln usd; 5.8 pct of GDP UPDATE (AFX News)
- Trade deficit sets record for 5th year (AFX 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 14 | 04:30 | JP | Industrial Production (MoM) | -1.7% | -1.5% | 0.9% |
| 09:30 | UK | Claimant Count Rate (Feb) | -3.8% | -8.0% | -13.3% |
|
| 10:00 | EMU | Employment Level (QoQ) (4Q) | 0.3% | 0.3% | 0.3% | |
| 10:00 | EMU | Employment Level (YoY) (4Q) | 1.6% | 1.6% | 1.5% | |
| 10:00 | EMU | Industrial Production s.a. (MoM) (Jan) | -0.2% | 0.2% | 1.0% | |
| 10:00 | EMU | Industrial Production w.d.a. (YoY) (Jan) | 3.7% | 4.1% | 4.0% | |
| 12:30 | US | Current Account (4Q) | $195.8B | $203.0B | $225.6B | |
| Mar 15 | 00:30 | AU | Employment Change (Feb) | -3.6K | -4.0K | |
| 08:30 | CH | Interest Rate Decision | 2.25% | 2.00% | ||
| 10:00 | EMU | Consumer Price Index - Core (YoY) (Feb) | 1.8% | 1.7% | ||