Friday, Mar 07, 17:07 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
- Clocks change: Spring Forward − Don't get lost
- New currencies pairs: Check the MXN currency on Tradable Rates, Live Charts Window and Multiple Currency Charts
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Live Sessions Schedule
FX Instructor Live Trading Room
Expert: Mihai Marinescu
Start: Mon, Mar 10, 09:00 GMT
Sponsored by: 
Type of Session: Webinar
Longer−term Support and Resistance Trading: Setups and Rules
Expert: Rob Booker
Start: Tue, Mar 11, 16:00 GMT
Type of Session: Webinar
| Sponsored by | ||||
| 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 |  |
| Mon, Mar 10, 14:00 GMT | Derek Frey's Outlook | Derek Frey | WBN |  |
| Mon, Mar 10, 15:00 GMT | Advanced Methods for Finding Dominant Trends in Forex Markets | Steve Primo | WBN |  |
| Tue, Mar 11, 08:00 GMT | Outlook for the major currencies this week | Ian Copsey | WBN |  |
Current Session: U.S.
EUR/USD
FX Advisor's Blog − Reversal? by FXstreet.com
This may be it. The reaction off the extreme levels suggests the USD may be on its way to strong backfiring, so I will keep my long USD/CHF and short AUD/USD (entered @ the spike post NFP 0.9340 −suggested level−) for a while now. Watch out MACD in EUR/USD, USD/CHF and GBP/USD (especially in the Euro case) and do not fear going against the 'current trend'. by the way, EUR/USD extreme OB level daily is working wonders, as the unit sells off to 1.5395; I wish USD/CHF's to do the same.
Other Topics for this Session:
Mid−Day Forex Technical Report −Dollar Spikes Lower after Another Month of Non−Farm Payroll Contraction by ActionForex.com
Market Session Recaps − London Session by FOREX.com
FX Thoughts for the Day − FX Thoughts for the day − Evening − 7−Mar−2008....1158 GMT by Kshitij Consultancy Service
Bank's Analysis
Weekly Update − The dollar plummeted to record lows against many of its major world counterparts by Union Bank of California
Currency Performance
Currency Performance Report − Europe Session Performance by FXstreet.com
FX Analysts' Comments
This week's Chart Pattern Trading webinar by Raghee Horner, Founder of EZ2Trade Software
Extreme OB/OS levels at this hour by Tony Juste, FX Advisor at FXstreet.com
FX' Signal
Trade Signals − Matsys D Trade Signals by Fxwintrades
Top Market Movers Preview
US CONSUMER CREDIT
| Date (GMT) | Event | Cons. | Previous | |
| Mar 7 | 20:00 | Consumer Credit | $7.0B | $4.5B |
Ahead of the Bell: Consumer Credit (Thomson Financial News)
Government data due out Friday is expected to show consumers reaching for the credit card more in January, as prices at the pump and in the grocery aisles stretched their wallets. The Federal Reserve releases its January consumer credit report at 3 p.m. EST. The market expects consumer borrowing increased by $7.3 billion, according to a consensus estimate of Wall Street economists surveyed by Thomson/IFR.
[ Full Story ]Top Market Movers Review
US NONFARM PAYROLLS
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Mar 7 | 13:30 | Nonfarm Payrolls | -63K | 30K | -22K |
| Mar 7 | 13:30 | Unemployment Rate | 4.8% | 5.0% | 4.9% |
DATA SNAP: Big Job Drop Upgrades Recession Odds; Supports Rate Cuts (Dow Jones)
U.S. recession fears mounted on Friday as employment fell in February at its fastest rate in five years, suggesting that the housing and credit crunch is gripping the broader economy. The data further support Wall Street expectations for additional Federal Reserve rate cuts when officials meet in less than two weeks and in the months that follow.
[ Full Story ]- Read the Employment Situation data at Labor department
- Dollar Rebounds Vs Euro Despite Weak US Payrolls (Dow Jones)
- DATAWATCH: Negative February US payroll numbers reach recessionary levels (Thomson Financial News)
- Oil lower on fears of lower demand after poor US data but losses limited (Thomson Financial News)
Daily Forex Outlook - XAU and Oil at record highs, Non Farm Payrolls due for release by Easy Forex
Weekly Analysis - Non−farm payrolls will set the tone for the weak dollar by Finotec Group Inc.
Weekly Market View - Keep your eyes open for the central banks' interest rate decisions and the big Non−Farm Payrolls by FXstreet.com
Currencies at a Glance
- EUR/USD
- Moves down back around pivot level 1.5345
03/07/2008 16:16 GMT - GBP/USD
- Back slightly below first resistant level 2.0174
03/07/2008 16:17 GMT - USD/CHF
- Moves up back around pivot level 1.0273
03/07/2008 16:18 GMT - USD/JPY
- Moves up back around pivot level 103.07
03/07/2008 16:20 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 7 | 13:30 | US | Average Weekly Hours (Feb) | 33.7 | 33.7 | 33.7 |
| 13:30 | US | Fed's Mishkin speech | ||||
| 20:00 | US | Consumer Credit (Feb) | $7.0B | $4.5B | ||
| Mar 9 | 23:50 | JP | Core Machinery Orders (MoM) (Jan) | -3.2% | ||
| Mar 10 | 07:00 | DE | Trade Balance (Jan) | 10.8B | ||
| 09:30 | UK | Industrial Production (MoM) (Jan) | -0.1% | |||
| 09:30 | UK | Industrial Production (YoY) (Jan) | 0.6% | |||