Tuesday, Mar 18, 20:53 GMT
ASIA-PACIFIC Trading Newsletter
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Live Sessions Schedule
FX Instructor Live Trading Room
Expert: Nader Moustafa
Start: Wed, Mar 19, 09:00 GMT
Sponsored by: 
Type of Session: Webinar
Main Fundamental theme in the Currency market
Expert: Kathy Lien
Start: Wed, Mar 19, 13:00 GMT
Sponsored by: 
Type of Session: Webinar
| Sponsored by | ||||
| Wed, Mar 19, 09:00 GMT | FX Instructor Live Trading Room  | Nader Moustafa | WBN | |
| Wed, Mar 19, 12:00 GMT | US Pre−Market Open | Ed Ponsi | WBN |  |
| Wed, Mar 19, 13:00 GMT | Main Fundamental theme in the Currency market | Kathy Lien | WBN | |
| Wed, Mar 19, 13:30 GMT | US Session Open | Ed Ponsi | WBN | |
| Wed, Mar 19, 14:00 GMT | Forex Mysteries Revealed | S. Wade Hansen | WBN |  |
Top Market Movers Preview
EMU TRADE BALANCE S.A.
| Date (GMT) | Event | Cons. | Previous | |
| Mar 19 | 10:00 | Trade Balance s.a. | - | -€2.1B |
| Mar 19 | 10:00 | Trade Balance n.s.a. | -€7.0B | -€4.2B |
EMU economic indicators - The RBS purchasing managers' index for the EMU manufacturing sector by BHF−Bank
Following its usual seasonal pattern, the EMU trade balance will probably have deteriorated in January, but only slightly, as the corresponding German figure improved substantially.
[ Full Story ]Top Market Movers Review
US FED INTEREST RATE DECISION
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Mar 18 | 18:15 | Fed Interest Rate Decision | 2.25% | 2.50% | 3.00% |
Central Banks: Fed - Preview of Mar 18 Meeting by FXstreet.com
The economic overview in the US markets is quite turbulent. On one hand there's an economic recession that may be imminent, while on the other we can see the emergency Fed rate cut done on the weekend. These data may lead to a 100bp interest rate cut to 2.00%, the biggest cut since 1984.
- Special Webinar: Live Coverage of FOMC US Interest Rate Announcement with Jerry Furst
- Fed cuts key funds rate by three quarters of a point to 2.25 pct UPDATE (Thomson Financial News)
- Odds of further rate cuts decrease after Fed's latest move (Thomson Financial News)
- THE FED: Federal Reserve Cuts Rates By 75 Basis Points, Less Than Expected (Dow Jones)
FOMC Cuts the Funds/Discount Rates: Growth the Goal by Wachovia
Daily Market Report: Forex - The Dollar remained at record low levels as markets expect aggressive easing by the Fed later today to help revive the U.S economy by ICICI Bank
Daily Fx Strategy - FOMC FX Preview by CMC Markets
US PRODUCER PRICE INDEX
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Mar 18 | 12:30 | Producer Price Index (MoM) | 0.3% | 0.4% | 1.0% |
| Mar 18 | 12:30 | Producer Price Index ex Food & Energy (YoY) | 2.4% | 2.1% | 2.3% |
| Mar 18 | 12:30 | Producer Price Index ex Food & Energy (MoM) | 0.5% | - | 0.4% |
| Mar 18 | 12:30 | Producer Price Index (YoY) | 6.4% | 6.8% | 7.4% |
DATA SNAP: Steep Core PPI Rise Suggests Inflation Still A Risk (Dow Jones)
U.S. wholesale price growth slowed last month on falling food prices but accelerated in many other sectors including consumer products, automobiles and prescription drugs, a stark reminder that inflation risks remain despite the economic slump.
[ Full Story ]- Read the Producer Price Index data at Labor department
- US Feb PPI up 0.3 pct; core PPI up 0.5 pct, largest gain since Nov 2006 UPDATE (Thomson Financial News)
- Prices up, housing contruction drops (Thomson Financial News)
- US Feb PPI up 0.3 pct; core PPI up 0.5 pct, largest core gain since Nov 2006 (Thomson Financial News)
US economic indicators - The FOMC is expected to cut the federal funds rate sharply again by BHF−Bank
US HOUSING STARTS
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Mar 18 | 12:30 | Housing Starts (YoY) | 1.065M | 0.995K | 1.071M |
| Mar 18 | 12:30 | Producer Price Index (YoY) | 6.4% | 6.8% | 7.4% |
US February housing starts down 0.6 pct to 1.065 mln unit annual rate (Thomson Financial News)
US builders started work on slightly fewer new homes overall last month, but cut back severely on starts of single−family houses and in acquiring permits for future construction.
[ Full Story ]- Read the Housing Starts data at Commerce department
- Homebuilders broadly higher as February housing starts fall less than expected (Thomson Financial News)
- US February housing starts down 0.6 pct to 1.065 mln unit annual rate UPDATE (Thomson Financial News)
- Prices up, housing contruction drops (Thomson Financial News)
Currencies at a Glance
- EUR/USD
- Continues to move down below first support level 1.5633
03/18/2008 20:17 GMT - GBP/USD
- Moves down back below pivot level 2.0056
03/18/2008 20:17 GMT - USD/CHF
- Moves up above first resistant level 1.0000
03/18/2008 20:18 GMT - USD/JPY
- Moves up towards second resistant level 100.73
03/18/2008 20:18 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 18 | 18:15 | US | Fed Interest Rate Decision | 2.25% | 2.50% | 3.00% |
| 21:00 | US | ABC Consumer Confidence (Mar 16) | -30 | |||
| 23:30 | AU | Westpac Leading Index (MoM) (Jan) | 4.7% | |||
| 23:50 | JP | All Industry Activity Index (MoM) (Jan) | 0.1% | -0.2% | ||
| Mar 19 | 02:00 | NZ | Credit Card Spending (Feb) | 8.6 | ||
| 09:30 | UK | Average Earnings excluding Bonus (3Mo/Yr) (Jan) | 3.8% | 3.7% | ||
| 09:30 | UK | Average Earnings including Bonus (3Mo/Yr) (Jan) | 3.8% | 3.8% | ||