Wednesday, Mar 21, 17:32 GMT
ASIA-PACIFIC Trading Newsletter
To Get Started
- The Advisor Weblog: Once again the Fed is the key
- 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
24 hour Outlook
Expert: John Putman
Start: Thu, Mar 22, 17:00 GMT
Sponsored by: 
Type of Session: Webinar
Watch Live Coverage of the US GDP
Expert: Jerry Furst
Start: Thu, Mar 29, 11:30 GMT
Sponsored by: 
Type of Session: Webinar
Current Session: U.S.
GBP/USD
Forex Trading Strategies - All Eyes on the FOMC by Saxo Bank
In Britain, the GBP fell against the USD, EUR and JPY after the BoE minutes showed an 8-1 vote to keep the benchmark rate at 5.25 pct. Yesterday the pound rose after the high CPI and RPI added inflationary pressure to the GBP. Despite the minutes, we expect to see some more GBP strength this year. For the GBPUSD, keep an eye on the 1.9680 level for resistance and 1.9550 for support.
- FOREX FORUM: Technical Analysis forum. Post your charts and share your technical point of view.
- GBP reacting to Gordon Brown's comments - CPI in the 2% level 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
Mid-Day Forex Technical Report - USD in Range Ahead of FOMC, GBP Retreats after BoE Minutes by ActionForex.com
FX Thoughts for the Day - FX Thoughts for the day - Evening - 21-Mar-2007....1227 GMT by Kshitij Consultancy Service
Currencies at a Glance
- EUR/USD
- Continues to trade around 1.3300 after bounced at first support 1.3287
03/21/2007 16:59 GMT - GBP/USD
- Continues to trade below 1.9590 , between today's pivot and first resistant
03/21/2007 17:00 GMT - USD/CHF
- Moves up above 1.2150 , above first resistant at 1.2147
03/21/2007 16:59 GMT - USD/JPY
- Continues to trade around first resistant at 117.87
03/21/2007 17:00 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, Saxo Bank
[ View ASI page ] [ View EUR/USD page ]
Charting the Market Movers
EUR USD, Hourly
GBP USD, Hourly
Top Market Movers Preview
US FOMC POLICY ANNOUNCEMENT
| Date (GMT) | Event | Cons. | Previous | |
| Mar 21 | 18:15 | FOMC Policy Announcement | - | - |
Fed Meeting Preview by FXstreet.com
US Government is still worried about inflation, but it's not probable that a rate hike is given on the 21st March's Meeting. The last hike was seen on June '06 when they hiked to the actual 5.25%.
- View the past interest rates data on our Economic Time series
- The Advisor Blog: Knock, Knock ... it's the Fed!
- Forum Poll: What will Bernanke do with interest rates?
- Forex - Dollar gains ground in Singapore afternoon trade as FOMC result awaited (AFX News)
FOMC March 20-21st Meeting by BBVA Bancomer
FOMC: Preview of policy meeting by Danske Bank A/S
Top Market Movers Review
UK BANK OF ENGLAND MINUTES
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Mar 21 | 09:30 | Bank of England Minutes | - | - | - |
European Market Update - BOE Votes 8-1; Blanchflower Votes for Rate Cut by Trade The News
The Bank of England minutes from the March 8 policy-setting meeting showed that the BOE’s monetary policy committee voted 8 to 1 to keep rates unchanged at 5.25%, with Blanchflower representing the dissenting voter.
[ Full Story ]- Read the Minutes of the meeting held on 7 & 8 March at BoE
- UK govt bonds jump on dovish BoE minutes showing one vote for a rate cut (AFX News)
- Forex - Pound slumps after BoE March minutes show one vote for a rate cut UDPATE (AFX News)
- BoE MPC's voted 8-1 to keep rates on hold in March, Blanchflower opted for cut (AFX News)
- Jeremy Stretch, market strategist at Rabobank: "It doesn't look as if they prepared the ground for an imminent rate hike. Sterling should lose a bit of recent allure." - Reuters
US Open Market Points - Dovish MPC Shocks Market But Pound Barely Bruised by FXCM
Economic Events
| Date (GMT) | Country | Event | Actual | Cons. | Previous | |
| Mar 21 | 07:15 | CH | Trade Balance (Feb) | 1.38B | 1.29B | |
| 08:00 | EMU | ECB's Trichet speaks in Brussels | ||||
| 09:30 | UK | Bank of England Minutes (Mar 8) | ||||
| 12:30 | CA | Retail Sales (MoM) (Jan) | -0.2% | -0.3% | 2.3% | |
| 12:30 | CA | Retail Sales ex Autos (MoM) (Jan) | 0.3% | 0.4% | 2.0% | |
| 18:15 | US | FOMC Policy Announcement | ||||
| 23:50 | JP | Adjusted Merchandise Trade Balance (Feb) | ¥425.6B | ¥1086.2B | ||
| 23:50 | JP | BSI Large Manufacturing (QoQ) (1Q) | 7.1 | |||
| 23:50 | JP | Merchandise Trade Balance Total (Feb) | ¥711.5B | -¥1.9B | ||
| Mar 22 | 09:30 | UK | Retail Sales (MoM) (Feb) | 0.6% | -1.8% | |