Tuesday, Mar 04, 17:24 GMT
ASIA-PACIFIC Trading Newsletter
To Get Started
- The Advisor Weblog: At the close
- Webinars VIDEOS: Mapping The News by John Jagerson
- Check all information about Metals and Financial Quotes
- 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
SPECIAL EVENT: Trade Non−Farm Payrolls LIVE − 22nd Edition
Expert: Wayne McDonell
Start: Fri, Mar 7, 13:00 GMT
Sponsored by: 
Type of Session: Webinar
3−Easy Steps In Placing Stops
Expert: Adam Rosen
Start: Wed, Mar 5, 15:00 GMT
Type of Session: Webinar
| Sponsored by | ||||
| Tue, Mar 4, 17:00 GMT | Day Trading Series − Chapter IV: Developing a Profitable Trading Strategy (Part 2) | Markus Heitkoetter | WBN |  |
| Tue, Mar 4, 18:00 GMT | Live Look at Today's Markets  | Derek Frey | WBN |  |
| Wed, Mar 5, 10:00 GMT | FX Instructor Live Trading Room | Nader Moustafa | WBN |  |
| Wed, Mar 5, 11:00 GMT | What Moves Currencies? | Tony Juste | WBN |  |
| Wed, Mar 5, 14:00 GMT | Main technical theme in the currency market | Jamie Saettele | WBN |  |
Current Session: U.S.
USD/CAD
Mid−Day Forex Technical Report − CAD Mildly Lower after BOC's 50bps Cut by ActionForex.com
USD/CAD's rebound from 0.9709 is still in progress and extends further slightly higher to 0.9941 in early US session. Intraday bias is still on the upside as long as 0.9824 minor support holds. However, as discussed before, we're still treating this rebound as a correction in the short term down trend only, hence, upside is expected to be limited by 0.9982 resistance. ON the downside, below 0.9824 will turn intraday bias back to the downside for 0.9709 low and break will confirm whole decline from 1.0378 has resumed.
Other Topics for this Session:
Forex Notes − Monthly USDJPY by ForexManage
U.S. Forex Market Commentary by GCI
Market Session Recaps − London Session by FOREX.com
Currency Majors Technical Analysis − 1,5211. EUR USD is in an uptrend by Mataf.net
Monthly Analisys
Monthly Technical Outlook − Monthly Technical Outlook by Mizuho Corporate Bank
Currency Performance
Currency Performance Report − Europe Session Performance by FXstreet.com
FX Analysts' Comments
Comment on AUD/USD by Tony Juste, FX advisor at FXstreet.com
FX' Signal
Spot Forex Trades − Crude Oil: There won't be output reduction by ForexSurvivor
Top Market Movers Preview
EMU PURCHASING MANAGER INDEX SERVICES
| Date (GMT) | Event | Cons. | Previous | |
| Mar 5 | 09:30 | Purchasing Manager Index Services | 52.0 | 52.5 |
| Mar 5 | 09:00 | Purchasing Manager Index Services | 52.3 | 50.6 |
| Mar 5 | 08:55 | Purchasing Manager Index Services | 51.0 | 49.2 |
EMU economic indicators - The flash estimate for February is likely to show EMU inflation unchanged at 3.2 % yoy by BHF−Bank
The preliminary RBS purchasing managers' index for the EMU manufacturing sector for February is not likely to have been revised substantially, nor is Q4 EMU GDP growth.
[ Full Story ]Top Market Movers Review
Canada BOC INTEREST RATE ANNOUNCEMENT
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Mar 4 | 14:00 | BoC Interest Rate Announcement | 3.50% | 3.75% | 4.00% |
The Bank of Canada has cut its Overnight Rate by 50 b.p. to 3.5% (FXstreet.com)
The Bank of Canada's Monetary Policy Committee has decided to lower its target fo the overnight rate by 50 basis points to 3.5%, the operating band for the overnight rate is now at 3,75%.
[ Full Story ]- Read the Official Press Release at Bank of Canada
- USD/CAD: The BoC's rate decision weighed on the Canadian Dollar (FXstreet.com)
- Canada cuts interest rate (Thomson Financial News)
- UPDATE: Canada Dollar Down After BOC Rate Cut: USD At C$0.9925 (Dow Jones)
Daily Forex Technical Report − Aussie Retreats after RBA Hike; BOC Cut Expected by ActionForex.com
Currencies at a Glance
- EUR/USD
- Trades around pivot level 1.5212
03/04/2008 16:22 GMT - GBP/USD
- Stays around pivot level 1.9861
03/04/2008 16:22 GMT - USD/CHF
- Trades above first support level 1.0334
03/04/2008 16:23 GMT - USD/JPY
- Trades around first support level 102.82
03/04/2008 16:23 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 | |
| Mar 4 | 14:00 | CA | BoC Interest Rate Announcement (Mar) | 3.50% | 3.75% | 4.00% |
| 14:00 | US | Fed's Bernanke Speech | ||||
| 22:00 | US | ABC Consumer Confidence (Mar 2) | -37 | |||
| Mar 5 | 00:01 | UK | Nationwide Consumer Confidence (Feb) | 81 | ||
| 00:30 | AU | Gross Domestic Product (QoQ) (4Q) | 0.8% | 1.0% | ||
| 00:30 | AU | Gross Domestic Product (YoY) (4Q) | 3.8% | 4.3% | ||
| 08:55 | DE | Purchasing Manager Index Services (Feb) | 51.0 | 49.2 | ||