Tuesday, Mar 11, 16:30 GMT
ASIA-PACIFIC Trading Newsletter
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Live Sessions Schedule
Level of Sentiment in the FX Market
Expert: Antonio Sousa
Start: Wed, Mar 12, 13:00 GMT
Sponsored by: 
Type of Session: Webinar
The US Dollar, How Low Can It Go?
Expert: Joseph Trevisani
Start: Wed, Mar 12, 16:00 GMT
Type of Session: Webinar
| Sponsored by | ||||
| Tue, Mar 11, 16:00 GMT | Longer−term Support and Resistance Trading: Setups and Rules | Rob Booker | WBN |  |
| Tue, Mar 11, 17:00 GMT | Live Look at Today's Markets  | Derek Frey | WBN |  |
| Wed, Mar 12, 09:00 GMT | FX Instructor Live Trading Room | Nader Moustafa | WBN |  |
| Wed, Mar 12, 13:00 GMT | Level of Sentiment in the FX Market | Antonio Sousa | WBN | |
| Wed, Mar 12, 15:00 GMT | Institutional Trading Strategies | Andrei Pehar | WBN | |
Current Session: U.S.
GBP/USD
Mid−Day Forex Technical Report − Dollar Rebounds from Record Low, Boosted by Central Banks' New Liquidity Measures by ActionForex.com
EUR/USD surged to new record high of 1.5493 earlier today but once again failed to sustain above 61.8% projection of 1.3360 to 1.4966 from 1.4438 at 1.5431 and retreats back into established range. Upside moment continues to diminish as seen in bearish divergence condition in 4 hours MACD and RSI. A short term top should be around the corner, if not formed already. Intraday outlook is neutral for the moment.
Other Topics for this Session:
Forex Daily Analysis − 11/03/'08 − US Trade Balance by ForexYard
Daily Forex Forecast − Daily Forex Forecast by FXDream
Currency Majors Technical Analysis − EUR USD is in a consolidation after the last bullish movement by Mataf.net
Weekly Analisys
Weekly Technical Commentary by Mizuho Corporate Bank
Currency Performance
Currency Performance Report − Europe Session Performance by FXstreet.com
FX Analysts' Comments
FOREX Training Video − New York Session March 10, 2008 by Wayne McDonell, FxBootcamp.com
Interesting Week Unfolds – Dollar Stinks and Sinks Down Under by Jerry Furst, Director Investors Education Network
Top Market Movers Preview
EMU INDUSTRIAL PRODUCTION S.A.
| Date (GMT) | Event | Cons. | Previous | |
| Mar 12 | 10:00 | Industrial Production w.d.a. (YoY) | 2.6% | 1.3% |
| Mar 12 | 10:00 | Industrial Production s.a. (MoM) | 0.4% | -0.2% |
EMU economic indicators - German ZEW economic sentiment is expected to deteriorate in March by BHF−Bank
January EMU industrial production is likely to have increased, as most of the corresponding national figures are expected to have gone up. French industrial production will probably only have increased slightly at best in January , because most of the correlated climate indicators deteriorated and French consumer spending declined. However, Italian industrial production is also expected to have continued declining in January , as the Italian business climate worsened.
[ Full Story ]Top Market Movers Review
US TRADE BALANCE
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Mar 11 | 12:30 | Trade Balance | -$58.2B | -$59.5B | -$57.9 |
DATA SNAP: US Jan Trade Gap Up Less Than Expected (Dow Jones)
The U.S. trade deficit rose in January as the price for oil set a new record, but the shortfall was smaller than expected, with exports making their largest climb in six months. The U.S. deficit in international trade of goods and services increased by 0.6% to $58.20 billion from December's revised $57.86 billion, the Commerce Department said Tuesday.
[ Full Story ]- Read the Trade Balance data at Commerce department
- US January trade deficit rises 0.6 pct to 58.2 bln usd vs 59.5 bln usd expected (Thomson Financial News)
- Deficit widens as oil prices hit record (Thomson Financial News)
- Trade gaps grows in January to $58.2B (Thomson Financial News)
Forex Daily Analysis - 11/03/'08 − US Trade Balance by ForexYard
Forex Trading Strategies - USDCAD in focus today with US and Canadian trade numbers by Saxo Bank
US economic indicators - Trade deficit is likely to have risen to about $60bn in January by BHF−Bank
Currencies at a Glance
- EUR/USD
- Moves down back below first support level 1.5306
03/11/2008 16:27 GMT - GBP/USD
- Moves down back around opening price level 2.0056 , below pivot level 2.0109
03/11/2008 16:27 GMT - USD/CHF
- Moves up above third resistant level 1.0323
03/11/2008 16:28 GMT - USD/JPY
- Moves up above third resistant level 103.29
03/11/2008 16:28 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 11 | 12:30 | CA | New Housing Price Index (YoY) (Jan) | 6.5% | 0.3% | 0.1% |
| 15:30 | UK | Leading Indicator Index (Jan) | -0.2% | -0.5% |
||
| 20:45 | NZ | Food Price Index (MoM) (Feb) | 0.4% | |||
| 21:00 | US | ABC Consumer Confidence (Mar 9) | -34 | |||
| 23:30 | AU | Westpac Consumer Confidence (Mar) | -5.5% | |||
| 23:50 | JP | Adjusted Current Account (Jan) | ¥1932.1B | ¥1855.0B | ||
| 23:50 | JP | BoJ Minutes (Feb 15) | ||||