Thursday, Mar 13, 16:44 GMT
ASIA-PACIFIC Trading Newsletter
To Get Started
- Webinars VIDEOS: Strategic & Tactical FOREX Trading: Part 1 and Part 2 by Wayne McDonell
- Europe Session Performance by FXstreet.com
- What Does the Recession Mean For You? by Wachovia
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Live Sessions Schedule
Fibonacci Friday
Expert: Andrei Pehar
Start: Fri, Mar 14, 15:00 GMT
Type of Session: Webinar
Weekly Webinar: 1st on Forex − The Week Ahead
Expert: Jerry Furst
Start: Mon, Mar 17, 11:00 GMT
Sponsored by: 
Type of Session: Webinar
| Sponsored by | ||||
| Thu, Mar 13, 17:00 GMT | Live Look at Today's Markets − Free Access Day | Derek Frey | WBN |  |
| Fri, Mar 14, 15:00 GMT | Fibonacci Friday | Andrei Pehar | WBN |  |
| Mon, Mar 17, 09:00 GMT | FX Instructor Live Trading Room  | Mihai Marinescu | WBN |  |
| Mon, Mar 17, 11:00 GMT | Weekly Webinar: 1st on Forex − The Week Ahead | Jerry Furst | WBN | |
| Mon, Mar 17, 12:00 GMT | US Pre−Market Open | Ed Ponsi | WBN | |
Current Session: U.S.
USD/CHF
Mid−Day Forex Technical Report − USD/JPY Breaks 100, Remains Weak after Falling Retail Sales by ActionForex.com
USD/CHF dives to as low as 1.0042 today before recovering mildly. Nevertheless, with 1.0168 minor resistance still holds, intraday bias remains on the downside and further fall is still expected to next downside target of 100% projection of 1.2467 to 1.0890 from 1.1596 at 1.0019 which is close to parity.
Other Topics for this Session:
Market Session Recaps − London Session by FOREX.com
Currency Majors Technical Analysis − 1,0113. USD CHF is in an downtrend by Mataf.net
Daily Forex Commentary − USD/CHF has fallen below 1.0050 by FXDream
Banks' Analysis
Technical Analysis Special − CAD/JPY by Mizuho Corporate Bank
Currency Performance
Currency Performance Report − Europe Session Performance by FXstreet.com
FX Analysts' Comments
Profiting from fear by John Jagerson and S. Wade Hansen from Profiting With Forex
FX' Signal
Trade Signals − Matsys D Trade Signals by Fxwintrades
Top Market Movers Preview
Germany CONSUMER PRICE INDEX
| Date (GMT) | Event | Cons. | Previous | |
| Mar 14 | 07:00 | Consumer Price Index (YoY) | 2.8% | 2.8% |
| Mar 14 | 07:00 | Consumer Price Index (MoM) | 0.5% | 0.5% |
EMU economic indicators - German ZEW economic sentiment is expected to deteriorate in March by BHF−Bank
Due to the results in the Länder, German consumer price inflation will probably be revised up to 2.9 % yoy in February. This would correspond with a monthly inflation of 0.6 %. Final HICP−inflation in the eurozone is likely to be confirmed at 3.2 % in February. This would correspond with a monthly inflation of 0.3 %.
[ Full Story ]Top Market Movers Review
US BUSINESS INVENTORIES
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Mar 13 | 14:00 | Business Inventories | 0.8% | 0.4% | 0.7% |
DATA SNAP: US Inventories Up More Than Expected In Jan (Dow Jones)
U.S. business inventory growth accelerated in January even as sales surged, a sign of optimism among companies amid economic weakness. Inventories increased by 0.8% to a seasonally adjusted $1.458 trillion, the Commerce Department said Thursday. Inventories in December rose a revised 0.7%; originally, December stocks were seen up 0.6%.
[ Full Story ]- Read the Business Inventories data at Commerce Department
- US Business inventories increase larger than expected in January (FXstreet.com)
- US January business inventories up 0.8 pct, sales up 1.5 pct (Thomson Financial News)
- US Business Inventories increase 0.8% in Jan vs 0.6% in Dec (FXstreet.com)
US RETAIL SALES
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Mar 13 | 12:30 | Retail Sales ex Autos (MoM) | -0.2% | 0.2% | 0.5% |
| Mar 13 | 12:30 | Retail Sales (MoM) | -0.6% | 0.2% | 0.4% |
US: More slowing of consumer spending by Danske Bank A/S
Retail sales for February disappointed with a total decline of 0.6% m/m. Although much of the weakness was driven by non−core components, there was further evidence that real consumer spending is slowing, as households are bowing to a wide range of strong headwinds.
[ Full Story ]- Read the Retail Sales data at Commerce Department
- US February retail sales fall 0.6 pct, adding another recession signal UPDATE (Thomson Financial News)
- USD/CHF: The Dollar tumbles on weak retail sales (FXstreet.com)
- Treasurys rise after weak retail sales (Thomson Financial News)
Market Session Snap−Shot - European Session: US Retail Sales Tanks by ACM − Advanced Currency Markets
Mid−Day Forex Technical Report − USD/JPY Breaks 100, Remains Weak after Falling Retail Sales by ActionForex.com
Forex Commentaries and Forecasts - The U.S. Retail Sales were worse than expected today by World−Signals®
Currencies at a Glance
- EUR/USD
- Continues to trade around opening price level 1.5565 , above pivot level 1.5490
03/13/2008 16:32 GMT - GBP/USD
- Trades above opening price level 2.0273 , above pivot level 2.0203
03/13/2008 16:33 GMT - USD/CHF
- Stays below opening price level 1.0137 , below pivot level 1.0206
03/13/2008 16:33 GMT - USD/JPY
- Continues to trade around first support level 100.46
03/13/2008 16:34 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 13 | 13:00 | CH | SNB Interest Rate Decision | 2.75% | 2.75% | 2.75% |
| 14:00 | US | Business Inventories (Jan) | 0.8% | 0.4% | 0.7% |
|
| Mar 14 | 07:00 | DE | Consumer Price Index (MoM) (Feb) | 0.5% | 0.5% | |
| 07:00 | DE | Consumer Price Index (YoY) (Feb) | 2.8% | 2.8% | ||
| 10:00 | EMU | Consumer Price Index (MoM) (Feb) | 0.3% | -0.4% | ||
| 10:00 | EMU | Consumer Price Index (YoY) (Feb) | 3.2% | 3.2% | ||
| 10:00 | EMU | Labor Costs (YoY) (4Q) | 2.6% | 2.5% | ||