Tuesday, Mar 20, 17:57 GMT
ASIA-PACIFIC Trading Newsletter
To Get Started
- The Advisor Weblog: Get ready for USD being 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
- Forum Poll: What will Bernanke do with interest rates?
- Special Coverage: Fed Meeting Preview by FXstreet.com
- FXstreet.com Managed Accounts Program (MAP) launches its website
- 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
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
What moves currencies? - The impact of the FOMC
Expert: Tony Juste
Start: Wed, Mar 21, 10:00 GMT
Sponsored by: 
Type of Session: Webinar
Topics
- What should we expect from it?
- Market impact
Current Session: U.S.
GBP/USD
Mid-Day Forex Technical Report - GBP & CAD Boosted by CPI, Dollar Softens Mildly after Housing Starts by ActionForex.com
Cable surges to as high as 1.9597 today so far. Break of mentioned falling trend line resistance (now at 1.9536) confirm that the corrective fall from 1.9913 has completed with three waves down to 1.9183 already. Hence further rally is now expected towards 1.9672 resistance.
- FOREX FORUM: Technical Analysis forum. Post your charts and share your technical point of view.
- Read Tony Juste's GBP/USD intraday chart 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 - Inflation on the run in Canada and the UK! by Saxo Bank
Daily Trading Strategy - Nothing yet… but keep on guard by MVDForex
FX Thoughts for the Day - FX Thoughts for the day - Evening - 20-Mar-2007....1141 GMT by Kshitij Consultancy Service
Currencies at a Glance
- EUR/USD
- Moves up above today's pivot at 1.3301 on a narrow daily range day
03/20/2007 17:46 GMT - GBP/USD
- Just made a new high, the pair keep moving up above 1.9610
03/20/2007 17:46 GMT - USD/CHF
- Moves down toward today's pivot at 1.2105
03/20/2007 17:46 GMT - USD/JPY
- Continues to trade below today's pivot at 117.21
03/20/2007 17:46 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
UK BANK OF ENGLAND MINUTES
| Date (GMT) | Event | Cons. | Previous | |
| Mar 21 | 09:30 | Bank of England Minutes | - | - |
Economic Data Roundup - United Kingdom: 20/3 Consumer Prices (Feb) by ODL Securities
As expected – apart from an unfortunate nine economists polled by Reuters - the MPC again left interest rates at 5.25% at the beginning of March. The minutes of the meeting are expected to show that Messrs Sentence and Besley remained in a minority of two in calling for a further quarter-point hike in interest rates.
[ Full Story ]Top Market Movers Review
US HOUSING STARTS
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Mar 20 | 12:30 | Housing Starts (YoY) | 1.525M | 1.450M | 1.408M |
| Mar 20 | 12:30 | Building Permits (MoM) | 1.532M | 1.650M | 1.571M |
DATA SNAP: US Housing Starts Above Expectations In Feb (Dow Jones)
Home construction unexpectedly surged in February, but permits for future building fell. Housing starts increased 9.0% to a seasonally adjusted 1.525 million annual rate, the Commerce Department said Tuesday. January starts plunged an unrevised 14.3% to 1.399 million.
[ Full Story ]- Read the New residential construction in February 2007 at Department of Commerce
- U.S. Housing Starts, better than expected (FXstreet.com)
- US February housing starts up 9.0 pct to 1.525 mln units vs 1.450 mln expected (AFX News)
- US Housing Starts rises 9.0% in February to 1525M (FXstreet.com)
The Week Ahead - Housing Starts & Building Permits, FOMC Policy Announcement, Leading Economic Indicators Index, Existing Home Sales by BBVA Bancomer
Daily Forex Technical Report - Markets to Focus on UK CPI and US Housing, BoJ on Hold by ActionForex.com
Daily Market Briefing - Dollar Moves Higher Despite Homebuilder Pessimism by FXCM
Economic Events
| Date (GMT) | Country | Event | Actual | Cons. | Previous | |
| Mar 20 | 09:30 | UK | M4 Money Supply (YoY) (Feb)  | 12.8% | 12.8% | 12.8% |
| 09:30 | UK | Retail Price Index (YoY) (Feb) | 4.6% | 4.3% | 4.2% | |
| 11:00 | CA | Bank of Canada Consumer Price Index Core (MoM) (Feb) | 0.5% | 0.2% | 0.1% | |
| 11:00 | CA | Bank of Canada Consumer Price Index Core (YoY) (Feb) | 2.4% | 2.1% | 2.1% | |
| 11:00 | CA | Consumer Price Index (MoM) (Feb) | 0.7% | 0.3% | 0.1% | |
| 11:00 | CA | Consumer Price Index (YoY) (Feb) | 2.0% | 1.6% | 1.2% | |
| 12:30 | US | Building Permits (MoM) (Feb) | 1.532M | 1.650M | 1.571M | |
| 12:30 | US | Housing Starts (YoY) (Feb) | 1.525M | 1.450M | 1.408M | |
| Mar 21 | 07:15 | CH | Trade Balance (Feb) | 1.29B | ||
| 08:00 | EMU | ECB's Trichet speaks in Brussels | ||||