Thursday, Mar 20, 17:23 GMT
ASIA-PACIFIC Trading Newsletter
To Get Started
- Webinars VIDEOS: Understanding The Exact Process Behind The Movement In Price by Sam Seiden
- Forex JumpStart Videos: Learn the Forex basics or review your knowledge with Adam Rosen! by FXstreet.com
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Live Sessions Schedule
FX Instructor Live Trading Room
Expert: Nader Moustafa
Start: Tue, Mar 25, 09:00 GMT
Sponsored by: 
Type of Session: Webinar
Technical Analysis Bootcamp: The indicators you need to know and how to interpret them
Expert: Dan Blystone
Start: Tue, Mar 25, 14:00 GMT
Type of Session: Webinar
Current Session: U.S.
EUR/USD
Mid−Day Forex Technical Report − Dollar Extends Rebound by ActionForex.com
EUR/USD's fall from 1.5902 extends further to as low as 1.5401 in early US session. At this point, intraday bias remains on the downside as long as 1.5544 minor resistance holds and further fall could be seen to test 1.5277 support. However, downside is still expected to be contained there and bring at least another rise to 100% projection of 1.3360 to 1.4966 from 1.4438 at 1.6044, which is close to 1.6 psychological resistance before completing recent rally.
Other Topics for this Session:
Technical Summary for Majors − Technical Summary for Majors by Windsor Brokers Ltd
Currency Performance
Currency Performance Report − Europe Session Performance by FXstreet.com
Top Market Movers Preview
US EXISTING HOME SALES
| Date (GMT) | Event | Cons. | Previous | |
| Mar 24 | 14:00 | Existing Home Sales | - | 4.89M |
| Mar 24 | 14:00 | Existing Home Sales (MoM) | - | -0.4% |
Friday Notes - Ending financial meltdown without inflation: FOMC's quandary by HVB Group
The housing contraction tended to taper off during October−January. By February, however, the mortgage market was tightening up for all but the most creditworthy prospective homebuyers purchasing homes in the price range eligible for Fannie or Freddie mortgage guarantees. So February likely saw weaker sales, rising inventories of unsold homes and lower average prices.
[ Full Story ]Top Market Movers Review
US PHILADELPHIA FED MANUFACTURING SURVEY
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Mar 20 | 14:00 | Philadelphia Fed Manufacturing Survey | -17.4 | -18.0 | -24.0 |
DATA SNAP: Phila Fed Business Index Up,But Still Contracting (Dow Jones)
The manufacturing sector in the Philadelphia region bounced slightly further than expected in March, though it still remains in a clear phase of contraction, according to figures from the Federal Reserve Bank of Philadelphia Thursday.
[ Full Story ]- Read the report: Manufacturers See Weak Activity at Philadelphia Fed
- UPDATE: Phila Fed Business Index Up, But Still Contracting (Dow Jones)
- US March Philadelphia Fed manufacturing index rises to −17.4 UPDATE (Thomson Financial News)
- US March Philadelphia Fed manufacturing index rises to −17.4 vs −20.0 expected (Thomson Financial News)
US LEADING INDICATORS
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Mar 20 | 14:00 | Leading Indicators (MoM) | -0.3% | -0.3% | -0.1% |
US Conference Board Says Economy `May Be Grinding To A Halt' (Dow Jones)
An index intended to show the economy's future direction fell 0.3% in February, the fifth consecutive monthly drop, according to preliminary estimates by the Conference Board.
[ Full Story ]- Read the Leading Indicators data at Conference Board
- Index suggests economy weakening (Thomson Financial News)
- CORRECT: US Conference Board Index Expected −0.2%, Not +0.2% (Dow Jones)
- US Feb Conference board's Leading Indicators decrease 0.3% vs −0.1% in Jan (FXstreet.com)
Friday Notes - The Fed takes the reins by HVB Group
Currencies at a Glance
- EUR/USD
- Trades below second support level 1.5465
03/20/2008 16:33 GMT - GBP/USD
- Stays around opening price level 1.9830 , below pivot level 1.9928
03/20/2008 16:33 GMT - USD/CHF
- Trades below second resistant level 1.0144
03/20/2008 16:34 GMT - USD/JPY
- Moves down below pivot level 98.93
03/20/2008 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 20 | 14:00 | US | Leading Indicators (MoM) (Feb) | -0.3% | -0.3% | -0.1% |
| 14:00 | US | Philadelphia Fed Manufacturing Survey (Mar) | -17.4 | -18.0 | -24.0 | |
| Mar 23 | 23:50 | JP | BSI Large Manufacturing (QoQ) | 5.2 | ||
| Mar 24 | 00:01 | UK | Rightmove House Price Index (MoM) (Mar) | 3.2% | ||
| 00:01 | UK | Rightmove House Price Index (YoY) (Mar) | 5.8% | |||
| 14:00 | US | Existing Home Sales (Feb) | 4.89M | |||
| 14:00 | US | Existing Home Sales (MoM) (Feb) | -0.4% | |||