Friday, Mar 16, 17:57 GMT
ASIA-PACIFIC Trading Newsletter
To Get Started
- The Advisor Weblog: USD still under pressure
- Get a free seat for the Forex Education Webinar with Rob Booker. Go to the Forum and post a message!
- Special Webinar: Live Coverage of FOMC US Interest Rate Announcement with Jerry Furst
- FXstreet.com Managed Accounts Program (MAP) launches its website
- New format of the FXstreet.com Newsletters: 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 19, 11:00 GMT
Sponsored by: 
Type of Session: Webinar
FX Lesson of the Day: Defining the trend
Expert: Dave Floyd
Start: Tue, Mar 20, 16:00 GMT
Sponsored by: 
Type of Session: Webinar
Fundamental and Technical Trading Opportunities that we are Watching
Expert: Boris Schlossberg
Start: Wed, Mar 21, 11:00 GMT
Sponsored by: 
Type of Session: Webinar
Current Session: U.S.
EUR/USD
Mid-Day Forex Technical Report - Dollar Remains Pressured Despite Higher CPI & Strong IP by ActionForex.com
EUR/USD remains strong today, extending rally to as high as 1.3338 so far, breaking above mentioned 1.3296 resistance. At this point, intraday bias remains on the upside and further rally is still expected to follow to retest 1.3364 high. Touching of 1.3279 will indicate an intraday top is formed and turn intraday outlook consolidative first. But a break below 1.3185 resistance turned support is needed to indicate the rise from 1.3070 has completed.
- FOREX FORUM: Technical Analysis forum. Post your charts and share your technical point of view.
- Read The EUR/USD watch 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:
Daily Forex Forecast - Daily Forex Forecast by FXDream
Currency Performance Report - Currency Performance Report by FXstreet.com
Daily Technical Briefing - “Dollar Gets Crushed – Pullback Is Due†by FXCM
Currencies at a Glance
- EUR/USD
- Trades below third resistant 1.3317
03/16/2007 16:58 GMT - GBP/USD
- Trades below second resistant at 1.9441 after rejected at thrid resistant 1.9489
03/16/2007 16:59 GMT - USD/CHF
- Trades around 1.2070, between second and third support
03/16/2007 16:59 GMT - USD/JPY
- Trades around second support at 116.69
03/16/2007 16:58 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 CONSUMER PRICE INDEX
| Date (GMT) | Event | Cons. | Previous | |
| Mar 20 | 09:30 | Consumer Price Index (YoY) | 2.7% | 2.7% |
Friday Notes - EMU: Unimpresse by US slowdown by HVB Group
After a marked deceleration in January, inflation should edge marginally down to 2.6% y-o-y in February, with CPI rising 0.3% m-o-m. Overall, we expect persistent deflation in clothing and recreation and culture, as well as a faster decline in communication prices compared to the previous month to offset some acceleration in household goods inflation.
[ Full Story ]Top Market Movers Review
US INDUSTRIAL PRODUCTION
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Mar 16 | 13:15 | Capacity Utilization | 82.0% | 81.3% | 81.2% |
| Mar 16 | 13:15 | Industrial Production (MoM) | 1.0% | 0.3% | -0.3% |
DATA SNAP: US Feb Indus Production +1.0%, Cap Use 82.0% (Dow Jones)
U.S. industrial production rose more than expected during February as manufacturing grew and utilities output jumped when colder-than-average temperatures boosted electric and natural gas utility production. Industrial production rose 1.0%, the Federal Reserve said Friday.
[ Full Story ]- Read the Industrial Production and Capacity Utilitzation data at the Federal Reserve
- Industrial Production 1.0% up, Capacity Utilization at 82% in February (FXstreet.com)
- Table Of Data On US Industrial Production (Dow Jones)
- US Feb Industrial Production up to 1% . Capacity Utilization +0.6% to 82.0% (FXstreet.com)
The Week Ahead - Retail Sales, Current Account, Import Prices, CPI, and Industrial Production by BBVA Bancomer
US CONSUMER PRICE INDEX
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Mar 16 | 12:30 | Consumer Price Index (MoM) | 0.4% | 0.3% | 0.2% |
| Mar 16 | 12:30 | Consumer Price Index (YoY) | 2.4% | 2.3% | 2.1% |
| Mar 16 | 12:30 | Consumer Price Index Ex Food & Energy (MoM) | 0.2% | 0.2% | 0.3% |
| Mar 16 | 12:30 | Consumer Price Index Ex Food & Energy (YoY) | 2.7% | 2.7% | 2.7% |
DATA SNAP:CPI Up On Food, Energy; Suggests Fed Status Quo (Dow Jones)
U.S. consumer prices rose last month on higher food and energy prices while underlying inflation crept up modestly, suggesting that inflation still remains an upside risk. The data support expectations that the Federal Reserve will hold official interest rates steady when it meets next week and also maintain its tightening bias.
[ Full Story ]- The Advisor Blog: Where is the volatility after CPI release?
- Read the Consumer Price Index at the U.S. Department of Labor
- Dollar Gains On Yen, Stable Vs Euro After US Feb CPI (Dow Jones)
- US February CPI up 0.4 pct, core CPI up 0.2 pct (AFX News)
- U.S. February CPI edges up on food and energy (FXstreet.com)
Economic Data Roundup - United States: 16/3 Consumer Prices (Feb) by ODL Securities
Wakeup Call on Forex Markets - US CPI to Give Direction by Saxo Bank
Daily Forex Technical Report - EUR/USD Breaks 1.33 Level, US CPI Watched by ActionForex.com
Economic Events
| Date (GMT) | Country | Event | Actual | Cons. | Previous | |
| Mar 16 | 05:00 | JP | Leading Economic Index (Jan) | 40.9% | 37.5% | |
| 12:30 | US | Consumer Price Index (MoM) (Feb) | 0.4% | 0.3% | 0.2% | |
| 12:30 | US | Consumer Price Index (YoY) (Feb) | 2.4% | 2.3% | 2.1% | |
| 12:30 | US | Consumer Price Index Ex Food & Energy (MoM) (Feb) | 0.2% | 0.2% | 0.3% | |
| 12:30 | US | Consumer Price Index Ex Food & Energy (YoY) (Feb) | 2.7% | 2.7% | 2.7% | |
| 13:15 | US | Capacity Utilization (Feb) | 82.0% | 81.3% | 81.2% |
|
| 13:15 | US | Industrial Production (MoM) (Feb) | 1.0% | 0.3% | -0.3% |
|
| Mar 19 | 00:01 | UK | Rightmove House Price Index (MoM) (Mar) | 0.9% | ||
| 00:01 | UK | Rightmove House Price Index (YoY) (Mar) | 11.5% | |||
| Mar 20 | 09:30 | UK | Consumer Price Index (YoY) (Feb) | 2.7% | 2.7% | |