Wednesday, Feb 27, 17:12 GMT
ASIA-PACIFIC Trading Newsletter
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Live Sessions Schedule
Live Look at Today's Markets
Expert: Derek Frey
Start: Wed, Feb 27, 18:00 GMT
Sponsored by: 
Type of Session: Webinar
What Moves Currencies?
Expert: Tony Juste
Start: Thu, Feb 28, 11:00 GMT
Sponsored by: 
Type of Session: Webinar
| Sponsored by | ||||
| Wed, Feb 27, 16:00 GMT | Understanding The Exact Process Behind The Movement In Price  | Sam Seiden | WBN |  |
| Wed, Feb 27, 18:00 GMT | Live Look at Today's Markets | Derek Frey | WBN | |
| Thu, Feb 28, 11:00 GMT | What Moves Currencies? | Tony Juste | WBN | |
| Thu, Feb 28, 12:30 GMT | Watch Live Coverage of the US GDP | Jerry Furst | WBN |  |
| Thu, Feb 28, 14:30 GMT | Weekly Technical Briefing | Dan Blystone | WBN | |
Current Session: U.S.
USD/JPY
Mid−Day Forex Technical Report − Dollar Remains Weak after Dismal Data by ActionForex.com
USD/JPY's fall from 108.59 extends further to as low as 105.94 today. Break of 106.71 support indicates such decline has resumed. As discussed before, corrective rise from 104.96 has completed with three waves up to 108.59, just missing 100% projection of 104.96 to 107.89 from 105.68 at 108.61.
- Price Patterns by S. Wade Hansen, Founder Profiting With Forex
- Check out how pairs moved: Live Currency Rates & Charts
- Follow up the most relevant Economic Data in the new Real Time Economic Calendar
Currency Performance Report − Asia Session Performance by FXstreet.com
Top Market Movers Preview
Germany ILO UNEMPLOYMENT RATE
| Date (GMT) | Event | Cons. | Previous | |
| Feb 28 | 07:00 | ILO Unemployment Rate | 7.7% | 7.8% |
EMU economic indicators - M3 growth probably accelerated to 11.6% yoy in January by BHF−Bank
Adjusted unemployment fell sharply by 89k in January, much more markedly than had been estimated. The normal weather−related negative effect on outdoor jobs was dampened by relatively mild temperatures and the relief offered by the winter short−time allowance.
[ Full Story ]Top Market Movers Review
US NEW HOME SALES
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Feb 27 | 15:00 | New Home Sales | 588.888K | 600.000K | 605.000K |
| Feb 27 | 15:00 | New Home Sales (MoM) | -2.8% | -0.7% | -4.7% |
DATA SNAP: US Jan New Home Sales Down To Lowest In 12 Yrs (Dow Jones)
New−home sales took their third tumble in a row during January, sinking to the lowest point since early 1995. Sales of single−family homes decreased by 2.8% last month to a seasonally adjusted annual rate of 588,000, the Commerce Department said Wednesday.
[ Full Story ]- Read the New Home Sales data at Commerce department
- Forex − Dollar sinks as US homes sales slump, Bernanke signals rate cut UPDATE (Thomson Financial News)
- New home sales drop for 3rd month (Thomson Financial News)
- New home sales drop (Thomson Financial News)
US DURABLE GOODS ORDERS
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Feb 27 | 13:30 | Durable Goods Orders | -5.3% | -4.0% | 4.4% |
| Feb 27 | 13:30 | Durable Goods Orders ex Transportation | -1.6% | -1.3% | 2.6% |
DATA SNAP: US Jan Durable Orders Down More Than Expected (Dow Jones)
Demand for expensive goods tumbled during January and a barometer of capital spending by businesses slumped, an indication the sluggish economy might be restraining companies.
[ Full Story ]- Read the Durable Goods Orders data at Commerce Department
- US January durable goods orders fall 5.3 pct vs expected 3.5 pct drop UPDATE (Thomson Financial News)
- Dollar Extends Losses After US Durable Goods Disappoint (Dow Jones)
- US January durable goods orders fall 5.3 pct vs expected 3.5 pct drop (Thomson Financial News)
US economic indicators - Producer price inflation could have accelerated in January by BHF−Bank
Currencies at a Glance
- EUR/USD
- Moves up above second resistant level 1.5119
02/27/2008 16:25 GMT - GBP/USD
- Trades above opening price level 1.9871 , above pivot level 1.9796
02/27/2008 16:25 GMT - USD/CHF
- Moves down below second support level 1.0635
02/27/2008 16:26 GMT - USD/JPY
- Back around second support level 1106.58
02/27/2008 16:26 GMT
Analyst Sentiment Index (ASI)
Analysts Sentiment Index - EUR/USD
**Source : ActionForex.com, CMS Forex, Danske Bank A/S, FXstreet.com, Global Forex Trading, Mizuho Corporate Bank
[ View ASI page ] [ View EUR/USD page ]
Charting the Market Movers
GBP USD, Hourly
EUR USD, Hourly
Economic Events
| Date (GMT) | Country | Event | Actual | Cons. | Previous | |
| Feb 27 | 15:00 | US | New Home Sales (MoM) (Jan) | -2.8% | -0.7% | -4.7% |
| 15:30 | US | EIA Crude Oil Stocks | 3.2M | 4.2M | ||
| 23:00 | AU | Conference Board Australia Leading Index (Dec) | 0.8% | |||
| 23:50 | JP | Industrial Production (MoM) (Jan)  | -0.8% | 1.4% | ||
| 23:50 | JP | Industrial Production (YoY) (Jan) | 3.8% | 0.8% | ||
| 23:50 | JP | Large Retailer's Sales (Jan) | -1.4% | -1.5% | ||
| 23:50 | JP | Retail Trade (YoY) (Jan) | -1.0% | 0.2% | ||