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ASIA-PACIFIC Trading Newsletter
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Live Sessions Schedule
Weekly Webinar: 1st on Forex − The Week Ahead
Expert: Jerry Furst
Start: Mon, Mar 17, 11:00 GMT
Sponsored by: 
Type of Session: Webinar
Derek Frey's Outlook
Expert: Derek Frey
Start: Mon, Mar 17, 14:00 GMT
Sponsored by: 
Type of Session: Webinar
| Sponsored by | ||||
| 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 |  |
| Mon, Mar 17, 13:30 GMT | US Session Open | Ed Ponsi | WBN | |
| Mon, Mar 17, 14:00 GMT | Derek Frey's Outlook | Derek Frey | WBN | |
Current Session: U.S.
USD/CHF
Mid−Day Forex Technical Report − Dollar Tumbles again after Tamer CPI, USD/CHF Breaks Parity by ActionForex.com
EUR shot through its Mar'07'08 high on Wednesday ands followed through to the upside on Thursday to further print a fresh multi year high of 1.5644.Having cleared significant layers of resistance the pair is now left with a move towards its psycho resistance at 1.5700 and then 1.5800, another psycho level. Weekly momentum indicator remain supportive of this view.
Other Topics for this Session:
Chart of the Day − EUR/CAD by FX Solutions
Chart of the Week − Reversal? by FXstreet.com
Currency Performance
Currency Performance Report − London Session Performance by FXstreet.com
Top Market Movers Review
US FED'S BERNANKE SPEECH
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Mar 14 | 17:00 | Fed's Bernanke Speech | - | - | - |
Spot Forex Trades - 22pips EURNZD & Bernanke @ 17GMT by ForexSurvivor
Bernanke on the wire today @ 17GMT addressing ‘home ownership' issue. As far as the housing market concern, the worse challenge stems from the continuing contracting of the housing market. Housing prices are too high, home sales are falling, and the number of homeowners who owe more on their homes than they are worth is rising.
[ Full Story ]US REUTERS/MICHIGAN CONSUMER SENTIMENT INDEX
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Mar 14 | 14:00 | Reuters/Michigan Consumer Sentiment Index | 70.5 | 70.4 | 70.8 |
Reuters/Univ Michigan Mid−Mar Sentiment 70.5; Feb 70.8 (Dow Jones)
Consumer confidence levels were unexpectedly steady as of the middle of March, although the one−year inflation outlook deteriorated quite a bit. The Reuters/University of Michigan consumer sentiment index for the middle of March moved to 70.5, from 70.8 in February.
[ Full Story ]- Read the Surveys of Consumers data at Reuters/University of Michigan
- US early March Reuters/Michigan survey sees rise in short−term inflation (Thomson Financial News)
- Reuters/Univ Michigan Mid−Mar Sentiment 70.5; Feb 70.8 (Dow Jones)
- US early March Reuters/Michigan consumer sentiment falls to 70.5 vs 69.5 seen (Thomson Financial News)
US CONSUMER PRICE INDEX
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Mar 14 | 12:30 | Consumer Price Index (YoY) | 4.0% | 4.2% | 4.3% |
| Mar 14 | 12:30 | Consumer Price Index Ex Food & Energy (YoY) | 2.3% | 2.4% | 2.5% |
| Mar 14 | 12:30 | Consumer Price Index Ex Food & Energy (MoM) | 0.0% | 0.2% | 0.3% |
| Mar 14 | 12:30 | Consumer Price Index (MoM) | 0.0% | 0.3% | 0.4% |
DATA SNAP: Flat US Inflation Paves Way For Large Rate Cut (Dow Jones)
U.S. consumer prices were unexpectedly flat last month, a government report showed, paving the way for a large interest rate reduction by the Federal Reserve next week to shore up the economy.
[ Full Story ]- Read the Consumer Price Index data at Labor Department
- US Feb CPI unchanged vs 0.3 pct gain expected, core CPI also unchanged UPDATE (Thomson Financial News)
- Treasurys rise on CPI, Bear bailout (Thomson Financial News)
- Consumer prices moderated last month (Thomson Financial News)
Mid−Day Forex Technical Report − Dollar Tumbles again after Tamer CPI, USD/CHF Breaks Parity by ActionForex.com
Daily Forex Technical Report − Dollar Remains Weak as Focus Turns to CPI, Yen Stabilizes around 100 by ActionForex.com
Trading News Report - US Inflation May Prevent Another 75bp Fed Cut And Fresh Dollar Lows by FXCM
Currencies at a Glance
- EUR/USD
- Back above pivot level 1.5598
03/14/2008 16:53 GMT - GBP/USD
- Moves down below pivot level 2.0322
03/14/2008 16:55 GMT - USD/CHF
- Back below pivot level 1.0098
03/14/2008 16:55 GMT - USD/JPY
- Stays below pivot level 100.60
03/14/2008 16:56 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 14 | 14:00 | US | Reuters/Michigan Consumer Sentiment Index (Mar)  | 70.5 | 70.4 | 70.8 |
| 17:00 | US | Fed's Bernanke Speech | ||||
| Mar 16 | 23:50 | JP | Tertiary Industry Index (MoM) | -0.6% | ||
| Mar 17 | 08:15 | CH | Adjusted Real Retail Sales (YoY) (Jan) | 1.2% | ||
| 10:00 | EMU | Employment Change (QoQ) (4Q) | 0.3% | |||
| 10:00 | EMU | Employment Change (YoY) (4Q) | 1.9% | |||
| 12:30 | US | Current Account (4Q) | -$178.5B | |||