Friday, Feb 29, 16:40 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 Brokers/FDMs Table
- Currency Performance Report: Asia, Europe and US
- Trendex: Instant Trading Tips from FX Pros right to your desktop
- New currencies pairs: Check the MXN currency on Tradable Rates, Live Charts Window and Multiple Currency Charts
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Live Sessions Schedule
What Moves Currencies? − Preview of the Week Ahead
Expert: Tony Juste
Start: Mon, Mar 3, 11:00 GMT
Sponsored by: 
Type of Session: Webinar
Weekly Webinar: 1st on Forex − The Week Ahead
Expert: Jerry Furst
Start: Mon, Mar 3, 12:00 GMT
Sponsored by: 
Type of Session: Webinar
| Sponsored by | ||||
| Mon, Mar 3, 10:00 GMT | FX Instructor Live Trading Room  | Mihai Marinescu | WBN |  |
| Mon, Mar 3, 11:00 GMT | What Moves Currencies? − Preview of the Week Ahead | Tony Juste | WBN | |
| Mon, Mar 3, 12:00 GMT | Weekly Webinar: 1st on Forex − The Week Ahead | Jerry Furst | WBN | |
| Mon, Mar 3, 15:00 GMT | Derek Frey's Outlook | Derek Frey | WBN |  |
| Mon, Mar 3, 16:00 GMT | Advanced Methods for Finding Dominant Trends in Forex Markets | Steve Primo | WBN |  |
Current Session: U.S.
USD/CHF
Mid−Day Forex Technical Report − Dollar Hovers Near Record Low by ActionForex.com
USD/CHF's weakness continues and dives further to as low as 1.0425 today. At this point, intraday bias remains on the downside as long as 1.0527 minor resistance holds. The current decline is expected to extend further to next downside target of 100% projection of 1.1596 to 1.0836 from 1.1105 at 1.0345 first. Above 1.0527 will indicate that an intraday bottom is in place on oversold condition as seen in 4 hours RSI. Though, recovery is expected to be limited well below 1.0835 support turned resistance and bring another fall.
- 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
FX Thoughts for the Day − FX Thoughts for the day − Evening − 28−Feb−2008....1245 GMT by Kshitij Consultancy Service
Top Market Movers Preview
UK PMI MANUFACTURING
| Date (GMT) | Event | Cons. | Previous | |
| Mar 3 | 09:30 | PMI Manufacturing | - | 50.6 |
Friday Notes - Inflation – A major headache for the ECB by HVB Group
Following the marked plunge recorded in January UK manufacturing, PMI fell 0.2 standard deviations below the long−term average. A gloomier global growth outlook, coupled with tighter credit standards, should continue to weigh on manufacturing sentiment in coming months. We expect a moderate decline in February to 50.2.
[ Full Story ]Top Market Movers Review
US CHICAGO PURCHASING MANAGERS' INDEX
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Feb 29 | 14:45 | Chicago Purchasing Managers' Index | 44.5 | 49.7 | 51.5 |
US Chicago PMI slides well into contraction in February (FXstreet.com)
Chicago purchasing managers index has declined to a level of 44.5 in February from 51.5 in January, well into contraction territory, according to the latest report by the Chicago Business Barometer.
[ Full Story ]- Chicago PMI offcial data
- Chicago PMI Plunges In February; Inflation Signs Remain (Dow Jones)
- US Chicago February purchasers index falls to 44.5 vs 50.0 expected (Thomson Financial News)
- Table Of Data From US Chicago Purchasing Managers' Report (Dow Jones)
US PERSONAL INCOME
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Feb 29 | 13:30 | Core Personal Consumption Expenditure − Prices Index (MoM) | 0.3% | 0.2% | 0.2% |
| Feb 29 | 13:30 | Personal Income (MoM) | 0.3% | 0.2% | 0.5% |
| Feb 29 | 13:30 | Personal Spending | 0.4 | 0.2 | 0.3 |
| Feb 29 | 13:30 | Core Personal Consumption Expenditure − Prices Index (YoY) | 2.2% | 2.2% | 2.2% |
DATA SNAP: US Jan Consumer Spending Grows; Income Slows (Dow Jones)
Consumers accelerated their spending at the start of the year even as income growth dipped, while a key indicator of inflation held steady at a spot above the Federal Reserve's comfort zone.
[ Full Story ]- Personal Income and Outlays at US Bureau of Economic Analysis
- Forex − Dollar remains near record lows vs euro after soft US data (Thomson Financial News)
- US January consumer spending up 0.4 pct, stagnant after inflation UPDATE (Thomson Financial News)
- US January consumer spending up 0.4 pct, income up 0.3 pct (Thomson Financial News)
US economic indicators - Producer price inflation could have accelerated in January by BHF−Bank
Currencies at a Glance
- EUR/USD
- Trades around pivot level 1.5165
02/29/2008 16:25 GMT - GBP/USD
- Back around opening price level 1.9889 , above pivot level 1.9865
02/29/2008 16:25 GMT - USD/CHF
- Trades around first support level 1.0454
02/29/2008 16:26 GMT - USD/JPY
- Trades around second support level 104.13
02/29/2008 16:27 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 29 | 14:45 | US | Chicago Purchasing Managers' Index (Feb) | 44.5 | 49.7 | 51.5 |
| 15:00 | US | Reuters/Michigan Consumer Sentiment Index (Feb) | 70.8 | 70.0 | 78.4 | |
| Mar 3 | 06:00 | JP | Machine Tool Orders (YoY) (Feb)  | 0 | ||
| 08:00 | UK | Halifax House Prices (MoM) (Feb) | 0% | |||
| 08:30 | CH | SVME − Purchasing Managers' Index (Feb) | 61.8 | |||
| 08:55 | DE | PMI Manufacturing (Feb) | 54.4 | |||
| 09:30 | UK | PMI Manufacturing (Feb) | 50.6 | |||