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ASIA-PACIFIC Trading Newsletter
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NEXT SPECIAL WEBINARS
Raghee Horner's Morning Forex
Expert: Raghee Horner
Start: Mon, Apr 2, 13:00 GMT
Sponsored by: 
Type of Session: Webinar
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
Fundamental and Technical Trading Opportunities that we are Watching
Expert: Kathy Lien
Start: Wed, Apr 4, 14:00 GMT
Sponsored by: 
Type of Session: Webinar
Current Session: U.S.
EUR/USD
Mid-Day Forex Technical Report - Dollar Soars on Strong Data by ActionForex.com
EUR/USD dips further in early US session on broad based dollar strength. At this point, intraday bias will remain on the downside as long as EUR/USD stays below 1.3347 minor resistance. As discuss before, as consolidation from 1.3410 is still in progress with 4 hours MACD kept below signal line, further pull back is still in favor to 1.3253 support.
- US data reaction follow-through 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:
FX Weekly Technical - Risk of a "Head & Shoulders" top triggering a deeper retreat by Informa Global Markets
FX Thoughts for the Day - FX Thoughts for the day - Evening - 30-Mar-2007....1122 GMT by Kshitij Consultancy Service
Daily Technical Briefing - “Choppy Range May Lead to Breakouts†by FXCM
Currencies at a Glance
- EUR/USD
- Trades below second resistant at 1.3379 after bounced at third resistant 1.3405
03/30/2007 16:28 GMT - GBP/USD
- Trades around third resistant 1.9696 after bounced at third support 1.9549
03/30/2007 16:28 GMT - USD/CHF
- Trades around 1.2125 after bounced at last week low 1.2047
03/30/2007 16:28 GMT - USD/JPY
- Trades around 117.50 after bounced at first support 117.12
03/30/2007 16:28 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
Japan TANKAN LARGE MANUFACTURERS INDEX
| Date (GMT) | Event | Cons. | Previous | |
| Apr 1 | 23:50 | Tankan Non - Manufacturing | 23 | 22 |
| Apr 1 | 23:50 | Tankan Large All Industry Capex | 1.7% | 12.4% |
| Apr 1 | 23:50 | Tankan Large Manufacturers Index | 24 | 25 |
| Apr 1 | 23:50 | Tankan Large Mfg Outlook | 22 | 22 |
| Apr 1 | 23:50 | Tankan Non - Manufacturing Outlook | 22 | 20 |
Currency Journal: Yen slumps as fiscal year ends, 'carry trades' seen returning by Performance Capital
[ Full Story ]- Tony Juste, FX Advisor at FXstreet.com: "The recent uptick in the Japanese economy is under monthly scrutiny whenever any industrial data is coming out. However, none of that can be compared to the release of the Tankan, the at-a-glance data to check how Japan economy is doing in the manufacturing sector. The market wants it out the highest possible to keep an upbeat tone in the economy and continue to fuel speculation on future rate hikes." - FXstreet.com
Germany MANUFACTURING PURCHASING MANAGER INDEX
| Date (GMT) | Event | Cons. | Previous | |
| Apr 2 | 07:55 | Manufacturing Purchasing Manager Index | 57.5 | 57.2 |
Friday Notes - ECB to hike key rate to 4.50% by HVB Group
The rise in the Ifo index this week points to an improvement in sentiment among purchasing managers. In the last two months, the PMI had posted a strong decline, which should have been a direct effect of the VAT increase. The persistently high reading for the expectations component included in the Ifo index suggests overall sentiment will remain strong in thecoming months.
[ Full Story ]Top Market Movers Review
US CORE PERSONAL CONSUMPTION EXPENDITURE
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Mar 30 | 12:30 | Personal Spending | 0.6% | 0.3% | 0.5% |
| Mar 30 | 12:30 | Core Personal Consumption Expenditure (MoM) | 0.3% | 0.2% | 0.3% |
| Mar 30 | 12:30 | Personal Income | 0.6% | 0.3% | 1.0% |
| Mar 30 | 12:30 | Core Personal Consumption Expenditure (YoY) | 2.4% | 2.3% | 2.3% |
| Mar 30 | 12:30 | Personal Consumption Expenditure | 0.6% | 0.2% | 0.5% |
DATA SNAP: US Income, Spending Rise Higher Than Expected (Dow Jones)
Americans made money during February at a rate faster than expected and beefed up their spending even though inflation accelerated, a sign of economic resilience. Personal income increased at a seasonally adjusted rate of 0.6%, after climbing an unrevised 1.0% in January, the Commerce Department said Friday.
[ Full Story ]- Read the Personal Income and Outlays, February 2007 at Commerce Department
- Income and spending rise unexpectedly in the U.S. in March (FXstreet.com)
- Dollar Extends Modest Gains As Core PCE Tops Forecasts (Dow Jones)
- US February consumer spending up 0.6 pct, personal income up 0.6 pct (AFX News)
Daily Fx Strategy - Dollar Seen Steadying Ahead of Friday's Core PCE by CMC Markets NY
Economic Events
| Date (GMT) | Country | Event | Actual | Cons. | Previous | |
| Mar 30 | 12:30 | CA | Averege Weekly Earnings (MoM) (Jan) | 0.7% | 0.2% | 0.1% |
| 12:30 | US | Core Personal Consumption Expenditure (MoM) (Feb) | 0.3% | 0.2% | 0.3% | |
| 12:30 | US | Core Personal Consumption Expenditure (YoY) (Feb) | 2.4% | 2.3% | 2.3% | |
| 12:30 | CA | Gross Domestic Product (MoM) (Jan) | 0.1% | 0.2% | 0.4% | |
| 12:30 | US | Personal Income (Feb) | 0.6% | 0.3% | 1.0% | |
| 12:30 | US | Personal Spending (Feb) | 0.6% | 0.3% | 0.5% | |
| 13:45 | US | Chicago Purchasing Managers' Index (Mar) | 61.7% | 50.5% | 47.9% | |
| 14:00 | US | Construction Spending (MoM) (Feb) | 0.3% | -0.8% | -0.8% | |
| Apr 1 | 23:50 | JP | Tankan Large All Industry Capex (1Q) | 1.7% | 12.4% | |
| 23:50 | JP | Tankan Large Manufacturers Index (1Q) | 24 | 25 | ||