Thursday, Mar 06, 16:48 GMT
ASIA-PACIFIC Trading Newsletter
To Get Started
- The Advisor Weblog: At the close
- FX Trader of the year 2008: Last call for the Trading contest. Register until March, 17th
- Webinars VIDEOS: Mapping The News by John Jagerson
- Continue to discuss the BoE and BCE Interest Rates reports
- Check all the information you may need about Futures Market
- New currencies pairs: Check the MXN currency on Tradable Rates, Live Charts Window and Multiple Currency Charts
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Live Sessions Schedule
Live Look at Today's Markets
Expert: Derek Frey
Start: Thu, Mar 6, 18:00 GMT
Sponsored by: 
Type of Session: Webinar
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
| Sponsored by | ||||
| Thu, Mar 6, 17:00 GMT | The Day Trading Coach − Tips, Tricks and Strategies for Day Traders  | Markus Heitkoetter | WBN |  |
| Thu, Mar 6, 18:00 GMT | Live Look at Today's Markets | Derek Frey | WBN | |
| Fri, Mar 7, 13:00 GMT | SPECIAL EVENT: Trade Non−Farm Payrolls LIVE − 22nd Edition | Wayne McDonell | WBN | |
| Mon, Mar 10, 09:00 GMT | FX Instructor Live Trading Room | Mihai Marinescu | WBN |  |
| Mon, Mar 10, 11:00 GMT | Weekly Webinar: 1st on Forex − The Week Ahead | Jerry Furst | WBN |  |
Current Session: U.S.
GBP/USD
Technical Summary for Majors − Two legged recovery from 1.9361, 20 Feb low, has cleared 1.9737/86 by Windsor Brokers Ltd
Two legged recovery from 1.9361, 20 Feb low, has cleared 1.9737/86, previous 14/04 Feb highs, to slightly exceed 1.9957, 30 Jan former yearly high, reaching 1.9970 on 27 Feb. Consolidation between 1.9791 and 1.9945, with dip to 1.9720 seen on 05 Mar, where higher low was left ahead of fresh strength. Sharp rally cleared previous 1.9970 high, as well as 2.0000 barrier, extending gains to 2.0057 thus far. Next target stands at 2.0099/2.0105, while 1.9970/57 offers initial support.
Other Topics for this Session:
Mid−Day Forex Technical Report − Euro Maintains Upside Momentum after Hawkish Trichet by ActionForex.com
Daily Forex Technical Report − Euro at Record Highs ahead of ECB, BOE by ActionForex.com
Market Session Recaps − London Session by FOREX.com
Currency Majors Technical Analysis − 1,5308. EUR USD is in an uptrend by Mataf.net
FX Analysts' Comments
New products = new opportunities by by John Jagerson and S. Wade Hansen, from Profiting With Forex
Back online...and more USD losses by Tony Juste, FX advisor at FXstreet.com
Currency Performance
Currency Performance Report − Europe Session Performance by FXstreet.com
FX' Signal
Trade Signals − Matsys D Trade Signals by Fxwintrades
Top Market Movers Preview
Japan BOJ INTEREST RATE DECISION
| Date (GMT) | Event | Cons. | Previous | |
| Mar 7 | 05:00 | BoJ Interest Rate Decision | 0.5% | 0.5% |
Bank of Japan to hold key rate steady despite rise in consumer prices, spending (Thomson Financial News)
The Bank of Japan is unlikely to touch interest rates again at its policy meeting next week even though latest data showed consumer prices rose for the fourth straight month in January and household spending unexpectedly jumped, economists said Friday.
[ Full Story ]Top Market Movers Review
US PENDING HOME SALES
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Mar 6 | 15:00 | Pending Home Sales (MoM) | 0.0% | -0.8% | -1.5% |
US Pending−Home Sales Flat In January; −19.6% On Yr − NAR (Dow Jones)
A forward−looking indicator of existing−home sales held steady in January, surprising forecasters predicting another decline. The National Association of Realtors' index for pending sales of previously owned homes was unchanged at 85.9 in January from December, the industry group said Thursday.
[ Full Story ]- Existing Home Sales By the National Association of Realtors
- US January pending home sales index unchanged at 85.9 vs 86.2 expected (Thomson Financial News)
- US pending home sales, unchanged in January (FXstreet.com)
- Pending home sales below market forecast (Thomson Financial News)
EMU ECB'S TRICHET SPEECH
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Mar 6 | 13:30 | ECB's Trichet Speech | - | - | - |
2nd UPDATE: Trichet: Upside CPI Risks Warrant Current Policy (Dow Jones)
European Central Bank President Jean−Claude Trichet struck a hawkish tone Thursday, citing significant inflationary pressures and implying the ECB's current 4.0% policy interest rate will help it achieve its single mandate of assuring price stability.
[ Full Story ]- Read full Jean−Claude Trichet's Introductory statement at ECB
- Trichet says no call for rate cut or rate hike at today's ECB meeting (Thomson Financial News)
- Trichet says ECB's current monetary policy stance to help price stability UPDATE (Thomson Financial News)
- Forex − Euro hits record high of 1.5372 usd on hawkish Trichet comments (Thomson Financial News)
Spot Forex Trades - Trichet Intervention not Reliable by ForexSurvivor
Wakeup Call on Forex Markets - The Word Is Yours Trichet by Saxo Bank
Daily Forex News - Dollar edges up after ISM and comment form ECB's chief Trichet by ACM − Advanced Currency Markets
Currencies at a Glance
- EUR/USD
- Trades above first resistant level 1.5328
03/06/2008 16:26 GMT - GBP/USD
- Continues to move up towards second resistant level 2.0115
03/06/2008 16:27 GMT - USD/CHF
- Trades around second support level 1.0282
03/06/2008 16:28 GMT - USD/JPY
- Continues to move down towards second support level 102.91
03/06/2008 16:29 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 6 | 15:00 | CA | Ivey Purchasing Managers Index (Feb) | 62.0 | 55.0 | 56.2 |
| 15:00 | US | Pending Home Sales (MoM) (Jan) | 0.0% | -0.8% | -1.5% | |
| Mar 7 | 05:00 | JP | BoJ Interest Rate Decision (Mar) | 0.5% | 0.5% | |
| 06:00 | JP | Bank of Japan Monthly Economic Survey | ||||
| 11:00 | DE | Industrial Production s.a. (MoM) (Jan) | 0.3% | 0.8% | ||
| 11:00 | DE | Industrial Production s.a. w.d.a. (YoY) (Jan) | 4.6% | 4.1% | ||
| 11:00 | EMU | OECD Euro Zone Leading Indicator Index (Jan) | 99.1 | |||