Friday, Mar 23, 17:58 GMT
ASIA-PACIFIC Trading Newsletter
To Get Started
- The Advisor Weblog: The USD finishes the week in a threatening fashion
- Special webinar: Trade What is Real, Not What You Feel with Sam Seiden
- FXstreet.com Managed Accounts Program (MAP) launches its website
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NEXT SPECIAL WEBINARS
What moves currencies? - USD week preview
Expert: Tony Juste
Start: Mon, Mar 26, 10:00 GMT
Sponsored by: 
Type of Session: Webinar
Derek Frey's Outlook
Expert: Derek Frey
Start: Mon, Mar 26, 14:00 GMT
Sponsored by: 
Type of Session: Webinar
Current Session: U.S.
EUR/USD
Global FX Daily - U.S. Edition - JPY set to recover further against EUR and GBP by Mellon Foreign Exchange
EUR-USD could be seen initially today, although the housing data should offer support. 1.3302 has been seen already this morning, with the main support area running down from 1.3290 to 1.3260 (the breakout point from last week). Cable also looks vulnerable, with a retest of short-term support at 1.9555 looking likely.
- FOREX FORUM: Technical Analysis forum. Post your charts and share your technical point of view.
- Read Tony Juste's USD builds up momentum
- 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:
Mid-Day Forex Technical Report - Dollar Extends Recovery after Rise in Existing Home Sales by ActionForex.com
Daily Technical Briefing - Dollar Bounces - Can Greenback Extend Gains? by FXCM
Daily Forex Forecast - Daily Forex Forecast by FXDream
Currencies at a Glance
- EUR/USD
- Floating around first support at 1.3289
03/23/2007 17:02 GMT - GBP/USD
- Bounced at first support 1.9594 , now trades around 1.9620
03/23/2007 17:02 GMT - USD/CHF
- Trades around 1.2175 after bounced at first resistant 1.2189
03/23/2007 17:03 GMT - USD/JPY
- Moving up above today's pivot at 117.86
03/23/2007 17:03 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 NEW HOME SALES
| Date (GMT) | Event | Cons. | Previous | |
| Mar 26 | 14:00 | New Home Sales | 985K | 937K |
Friday Notes - Pullback in inflation does not mean all-clear for the ECB by HVB Group
The nasty weather in February certainly soured builder sentiment, as evidenced by the drop in the latest NAHB Housing Market Index. That suggests new home sales remained weak.
[ Full Story ]- Tony Juste, FX Advisor at FXstreet.com: "The housing market is in trouble and the data appearing looks to be calming down the anxiety of those who thought the bubble already burst and there could be a slowdown process. It will be interesting to see what amount of new houses are sold to understand in which part of the cycle we are at the moment. - FXstreet.com
Top Market Movers Review
US EXISTING HOME SALES
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Mar 23 | 14:00 | Existing Home Sales (MoM) | 3.9% | -1.7% | 3.0% |
| Mar 23 | 14:00 | Existing Home Sales | 6.69M | 6.35M | 6.44 |
US Feb existing home sales near 3-year high but prices continue falling UPDATE (AFX News)
Existing home sales in the US picked up in February, recording their largest gain in nearly three years even as house prices continued to fall, the National Association of Realtors said. Sales were up 3.9 pct to reach 6.69 mln units in February.
[ Full Story ]- Read the Existing-Home Sales Rise Again in February at NAR
- Home sales rise unexpectedly in Feb. (AFX News)
- US Existing Home Sales-STATS (Dow Jones)
- Existing Home Sales, 3.9% up in February (FXstreet.com)
- Tony Juste, FX Advisor at FXstreet.com: "Alright, so, where's the housing crash? Much better than expected home sales show that maybe it was all an invention to create panic? Is this trend about to continue? Bullish data for today but bearish for tomorrow? Still too many questions in the US housing market unresolved for calling it great what we just got today." - FXstreet.com
Wakeup Call on Forex Markets - Focus on US Housing Market Data by Saxo Bank
Daily Forex Technical Report - Consolidation to Continue, More Housing Data Due by ActionForex.com
Asia Market Update - Asia Market Update - Traders turn cautious ahead of existing home sales data by Trade The News
Economic Events
| Date (GMT) | Country | Event | Actual | Cons. | Previous | |
| Mar 23 | 07:00 | DE | Import Price Index (MoM) (Jan) | 0.5% | 0.6% | -0.7% |
| 07:00 | DE | Import Price Index (YoY) (Feb) | 0.8% | 0.9% | 0.7% | |
| 09:00 | EMU | Current Account | 2.7B | 2.5B | 2.0B |
|
| 14:00 | US | Existing Home Sales (Feb) | 6.69M | 6.35M | 6.44 |
|
| 14:00 | US | Existing Home Sales (MoM) (Feb) | 3.9% | -1.7% | 3.0% | |
| Mar 26 | 14:00 | US | New Home Sales (Feb) | 985K | 937K | |
| Mar 27 | 14:00 | US | Consumer Confidence (Mar) | 109.0 | 112.5 | |
| Mar 28 | 12:30 | US | Durable Goods Orders (Feb) | 3.5% | -7.8% | |
| 14:30 | US | EIA Crude Oil Stocks (Mar 23) | 3.7M | |||
| Mar 29 | 12:30 | US | Gross Domestic Product Annualized (4Q) | 2.2% | 2.2% | |