Monday, Mar 10, 17:33 GMT
ASIA-PACIFIC Trading Newsletter
To Get Started
- Webinars VIDEOS: Strategic & Tactical FOREX Trading (Part 1) by Wayne McDonell
- LIVE Free Access Day on Thursday 13th − Register now!
- FX Trader of the Year 2008 Contest: participants' statements
- Clocks Change: Spring Forward − Don't get lost!
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Live Sessions Schedule
Outlook for the major currencies this week
Expert: Ian Copsey
Start: Tue, Mar 11, 08:00 GMT
Sponsored by: 
Type of Session: Webinar
FX Instructor Live Trading Room
Expert: Nader Moustafa
Start: Tue, Mar 11, 09:00 GMT
Sponsored by: 
Type of Session: Webinar
| Sponsored by | ||||
| Tue, Mar 11, 08:00 GMT | Outlook for the major currencies this week | Ian Copsey | WBN | |
| Tue, Mar 11, 09:00 GMT | FX Instructor Live Trading Room | Nader Moustafa | WBN | |
| Tue, Mar 11, 13:00 GMT | Trading The Crosses Against The Majors  | Adam Rosen | WBN |  |
| Tue, Mar 11, 14:00 GMT | Technical Analysis Bootcamp: The indicators you need to know and how to interpret them | Dan Blystone | WBN | |
| Tue, Mar 11, 15:00 GMT | Trading with Autochartist | Raghee Horner | WBN | |
Current Session: U.S.
EUR/USD
Currency Majors Technical Analysis − EUR USD is in a consolidation after the last bullish movement by Mataf.net
1,5350. EUR USD is in an uptrend supported by 1H exponential moving averages. EUR USD is in a consolidation after the last bullish movement. EUR USD is in a range between 1,5315 and 1,5450. The volatility decreases. Bollinger bands are tightened. ForexTrend 4H, daily (Mataf Trend Indicator) is in a bullish configuration. The consolidation should continue. The price should continue to move in 1,5300 / 1,5450 range.
Other Topics for this Session:
Market Session Recaps − London Session by FOREX.com
Daily Forex Forecast − Daily Forex Forecast by FXDream
Mid−Day Forex Technical Report − EUR/USD Retreats Mildly after Trichet's Comments by ActionForex.com
Currency Performance
Currency Performance Report − Europe Session Performance by FXstreet.com
FX Analysts' Comments
Dead−Dollar Bounce? by John Jagerson and S. Wade Hansen by John Jagerson and S. Wade Hansen from Profiting With Forex
Top Market Movers Preview
Germany ZEW SURVEY − ECONOMIC SENTIMENT
| Date (GMT) | Event | Cons. | Previous | |
| Mar 11 | 10:00 | ZEW Survey − Economic Sentiment | -40.0 | -39.5 |
| Mar 11 | 10:00 | ZEW Survey − Economic Sentiment | -42.0 | -41.4 |
EMU economic indicators - German ZEW economic sentiment is expected to deteriorate in March by BHF−Bank
In March, German ZEW economic sentiment is expected to decline again. The US ISM manufacturing index and the ifo business expectations in the German business sector have both deteriorated. German short−term interest rates have increased, but long−term interest rates have declined recently.
[ Full Story ]Top Market Movers Review
US WHOLESALE INVENTORIES
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Mar 10 | 14:00 | Wholesale Inventories | 0.8% | 0.4% | 1.1% |
DATA SNAP: US Wholesale Inventories Above Expectations (Dow Jones)
U.S. wholesale inventories grew in January by more than expected, even as sales had their biggest jump in nearly four years. Wholesale inventories increased 0.8% at a seasonally adjusted $414.82 billion, after rising an unrevised 1.1% during December, the Commerce Department said Monday.
[ Full Story ]- Read the Wholesale Inventories data at Commerce Department
- US Jan wholesale sales up 2.7 pct, fastest pace in 4 yrs UPDATE (Thomson Financial News)
- US Jan wholesale sales up 2.7 pct, fastest pace in 4 yrs; inventories up 0.8 pct (Thomson Financial News)
- US wholesale inventories grew above expectations in January (FXstreet.com)
Currencies at a Glance
- EUR/USD
- Back around pivot level 1.5374
03/10/2008 16:19 GMT - GBP/USD
- Moves down trades above pivot level 2.0144
03/10/2008 16:19 GMT - USD/CHF
- Moves down toward first support level 1.0160
03/10/2008 16:20 GMT - USD/JPY
- Moves down below first support level 101.64
03/10/2008 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 10 | 12:15 | CA | Housing Starts s.a (YoY) (Feb) | 256.9K | 210.0K | 222.7K |
| 14:00 | US | Wholesale Inventories (Jan) | 0.8% | 0.4% | 1.1% | |
| 21:45 | NZ | Terms of Trade Index (4Q) | 3.6% | |||
| Mar 11 | 00:01 | UK | BRC Retail Sales Monitor − All (YoY) (Feb) | 2.6% | ||
| 00:01 | UK | NIESR GDP Estimate (QoQ) (Feb) | 0.5% | |||
| 00:01 | UK | RICS House Price Balance (Feb) | -54.7% | -54.7% | ||
| 00:30 | AU | Home Loans (Jan) | 0.9% | 0.1% | ||