Thursday, Mar 29, 17:02 GMT
ASIA-PACIFIC Trading Newsletter
To Get Started
- The Advisor Weblog: Still wondering what and when
- Special Event: Trade Non-Farm Payrolls LIVE - 11th Edition with Wayne McDonell
- Special Coverage: Iran Crisis by FXstreet.com
- Forex Forum: Kathy Lien's Webinar Raffle
- 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
How to become a professional trader - System Trading vs. Discretionary Trading: Which Is Better?
Expert: Markus Heitkoetter
Start: Tue, Apr 3, 16:00 GMT
Sponsored by: 
Type of Session: Webinar
Figures Made Simple
Expert: Valeria Bednarik
Start: Thu, Apr 5, 14:00 GMT
Sponsored by: 
Type of Session: Webinar
Topics
- Continuation or Change
- Reliability
- How to use them in daily trading
Current Session: U.S.
USD/CHF
Mid-Day Forex Technical Report - Dollar Modestly Higher after GDP Revision by ActionForex.com
USD/CHF recovers further in early US session. As discussed before, with 4 hours MACD staying above signal line, consolidation from 1.2029 is still in progress. At this point, further recovery cannot be ruled out.
- USD/CHF intraday chart 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
- Read the comments to the latest market moves at our Forex Forum
Other Topics for this Session:
Daily FX Mirror - Daily FX Mirror by AvatarFX
FX Thoughts for the Day - FX Thoughts for the day - Evening - 29-Mar-2007....1202 GMT by Kshitij Consultancy Service
Forex Trading Strategies - Majors Fairly Range Bound Ahead of US Data by Saxo Bank
Currencies at a Glance
- EUR/USD
- Trades around 1.3340 , above today's pivot at 1.3331
03/29/2007 16:55 GMT - GBP/USD
- Trades below today's pivot at 1.9630 on a narrow daily range
03/29/2007 16:55 GMT - USD/CHF
- Trades above 1.2165 , between today's pivot and first resistant
03/29/2007 16:55 GMT - USD/JPY
- Trades above first resistant at 117.76
03/29/2007 16:55 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
New Zealand GROSS DOMESTIC PRODUCT
| Date (GMT) | Event | Cons. | Previous | |
| Mar 29 | 22:45 | Gross Domestic Product (QoQ) | 0.9% | 0.3% |
Weekly Commentary - Confirming the strength by Westpac Institutional Bank
Q4 GDP is expected to confirm a strong rebound in activity, led by domestic demand and the service sectors. Consumer spending is likely to be stronger than RBNZ has factored in – adding to the pressure to increase interest rates further. External trade will be a drag on growth with exports declining and imports booming on the back of resurgent domestic activity.
[ Full Story ]Top Market Movers Review
US GROSS DOMESTIC PRODUCT PRICE INDEX
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Mar 29 | 12:30 | Gross Domestic Product Price Index | 1.7% | 1.7% | 1.7% |
| Mar 29 | 12:30 | Gross Domestic Product Annualized | 2.5% | 2.2% | 2.2% |
DATA SNAP: US 4Q GDP Growth Revised Up On Inventories (Dow Jones)
The economy grew faster at the end of 2006 than previously reported because of an adjustment to business inventory investment, according to data showing fourth-quarter corporate profits grew slower.
[ Full Story ]- Read the Gross Domestic Product and Corporate Profits at Department of Commerce
- US GDP/Corporate Profits-STATS-Historical (Dow Jones)
- Forex - Dollar rises after US Q4 GDP revised higher UPDATE (AFX News)
- Dollar Climbs On Upward GDP Revision, But Remains Split (Dow Jones)
Forex Daily Analysis - Will GDP help boosting the dollar up? by ForexYard
US CORE PERSONAL CONSUMPTION EXPENDITURE
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Mar 29 | 12:30 | Core Personal Consumption Expenditure (QoQ) | -1.0% | -0.9% | -0.9% |
4Q PCE Prices index revised down (FXstreet.com)
Personal Consumption prices index for the fourth quarter of 2006 has been revised down to -1.0 from the initially estimated -0.9 This has been the largest drop in the PCE since the -1.2% in 1954. Excluding food and energy, the PCE gauge increased at 1.8% following a 2.2% increase in the previous quarter.
[ Full Story ]The Week Ahead - New Home Sales, Consumer Confidence, Durable Goods Orders, Construction Spending, Personal Income & Spending by BBVA Bancomer
Economic Events
| Date (GMT) | Country | Event | Actual | Cons. | Previous | |
| Mar 29 | 08:30 | UK | M4 Money Supply (YoY) | 12.7% | 12.9% |
|
| 08:30 | UK | Mortgage Approvals | 119K | 117K | 120K | |
| 10:00 | UK | CBI Distributive Trades Survey - Expected (Apr) | 22% | 18% | 16% | |
| 10:00 | UK | CBI Distributive Trades Survey - Realized (Mar) | 32% | 20% | 19% | |
| 12:30 | US | Core Personal Consumption Expenditure (QoQ) (4Q) | -1.0% | -0.9% | -0.9% | |
| 12:30 | US | Gross Domestic Product Annualized (4Q) | 2.5% | 2.2% | 2.2% | |
| 12:30 | US | Gross Domestic Product Price Index (4Q) | 1.7% | 1.7% | 1.7% | |
| 12:30 | US | Initial Jobless Claims (Mar 24) | 308K | 316K |
||
| 22:45 | NZ | Gross Domestic Product (QoQ) (4Q) | 0.9% | 0.3% | ||
| 23:30 | JP | Consumer Price Index (YoY) (Mar) | 0% | 0% | ||