Thursday, Feb 28, 16:54 GMT
ASIA-PACIFIC Trading Newsletter
To Get Started
- The Advisor Weblog: At the close
- Webinars VIDEOS: Trading with Bollinger Bands and the ATR by Chris Capre
- Check our Forex Brokers Information Table
- Currency Performance Report: Asia, Europe and US
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Live Sessions Schedule
Live Look at Today's Markets
Expert: Derek Frey
Start: Thu, Feb 28, 18:00 GMT
Sponsored by: 
Type of Session: Webinar
What Moves Currencies? − Weekly Wrap−Up
Expert: Tony Juste
Start: Fri, Feb 29, 11:00 GMT
Sponsored by: 
Type of Session: Webinar
| Sponsored by | ||||
| Thu, Feb 28, 17:00 GMT | The Day Trading Coach − Tips, Tricks and Strategies for Day Traders  | Markus Heitkoetter | WBN |  |
| Thu, Feb 28, 18:00 GMT | Live Look at Today's Markets | Derek Frey | WBN | |
| Fri, Feb 29, 10:00 GMT | Tracking the forex market together / Part I | Dr.S.Sivaraman | WBN | |
| Fri, Feb 29, 11:00 GMT | What Moves Currencies? − Weekly Wrap−Up | Tony Juste | WBN | |
| Fri, Feb 29, 12:00 GMT | Bollinger Bands for the Beginner | Adam Rosen | WBN | |
Current Session: U.S.
USD/JPY
Mid−Day Forex Technical Report − Dollar Falls again on Fragile Labor Markets by ActionForex.com
USD/JPY's fall resumes in early US session, diving further to as low as 105.78 so far. At this point, intraday bias remains on the upside as long as 106.63 minor resistance holds. 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. Further decline is now expected to retest 104.96 low and break will confirm whole down trend from 124.13 has resumed. Meanwhile, above 106.63 minor resistance will turn intraday outlook consolidative first.
- 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
Daily Forex Forecast − Daily Forex Forecast by FXDream
Top Market Movers Preview
Germany RETAIL SALES
| Date (GMT) | Event | Cons. | Previous | |
| Feb 29 | 07:00 | Retail Sales (YoY) | -2.1% | -6.9% |
| Feb 29 | 07:00 | Retail Sales (MoM) | 1.0% | -0.1% |
EMU economic indicators - M3 growth probably accelerated to 11.6% yoy in January by BHF−Bank
German retail sales are expected to have continued their decline in January, because retailers' business assessment and consumer confidence had deteriorated.
[ Full Story ]Top Market Movers Review
US GROSS DOMESTIC PRODUCT ANNUALIZED
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Feb 28 | 13:30 | Gross Domestic Product Annualized | 0.6% | 0.8% | 4.9% |
DATA SNAP: US GDP Brakes Sharply During Fourth Quarter (Dow Jones)
The U.S. government left untouched its estimate for economic performance at the end of 2007, reporting the same, limp rate of growth as stronger overseas sales were offset by a deepening housing slump.
[ Full Story ]- Read the GDP data at Commerce Department
- Watch last GDP Coverage webinar video
- DATAWATCH Unchanged US Q4 GDP surprises as trade cancels out inventory reduction (Thomson Financial News)
- Forex − Euro touches fresh all−time high vs usd after US GDP, claims data UDPATE (Thomson Financial News)
- Forex − Euro touches fresh all−time high vs dollar after US GDP, claims data (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 first resistant level 1.5185
02/28/2008 16:20 GMT - GBP/USD
- Moves up towards first resistant level 1.9928
02/28/2008 16:20 GMT - USD/CHF
- Moves down below second support level 1.0515
02/28/2008 16:21 GMT - USD/JPY
- Moves down below first support level 105.82
02/28/2008 16:21 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 28 | 14:15 | EMU | ECB's Trichet Speech | |||
| 15:00 | US | Fed's Bernanke Speech | ||||
| 21:45 | NZ | Trade Balance (Jan) | 0.033B | |||
| 23:15 | JP | Nomura/ JMMA Manufacturing Puchasing Manager Index | 52.3 | |||
| 23:30 | JP | Jobless Rate (Jan) | 3.9% | 3.8% | ||
| 23:30 | JP | National Consumer Price Index (YoY) (Jan) | 0.7% | 0.7% | ||
| 23:30 | JP | National CPI Ex Food, Energy (YoY) (Jan) | -0.1% | -0.1% | ||