Friday, Mar 28, 16:53 GMT
ASIA-PACIFIC Trading Newsletter
To Get Started
- Webinar Videos: Longer-term Support and Resistance Trading: Setups and Rules by Rob Booker
- European Market Update by Trade The News
- Recent Recommended Trades by AceTrader
- FX Trader of the Year 2008 − 3rd week ranking
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Live Sessions Schedule
Weekly Webinar: 1st on Forex − The Week Ahead
Expert: Jerry Furst
Start: Mon, Mar 31, 11:00 GMT
Sponsored by: 
Type of Session: Webinar
Derek Frey's Outlook
Expert: Derek Frey
Start: Mon, Mar 31, 14:00 GMT
Sponsored by: 
Type of Session: Webinar
| Sponsored by | ||||
| Mon, Mar 31, 11:00 GMT | Weekly Webinar: 1st on Forex − The Week Ahead | Jerry Furst | WBN | |
| Mon, Mar 31, 12:00 GMT | US Pre−Market Open  | Ed Ponsi | WBN |  |
| Mon, Mar 31, 13:30 GMT | US Session Open | Ed Ponsi | WBN | |
| Mon, Mar 31, 14:00 GMT | Derek Frey's Outlook | Derek Frey | WBN | |
| Mon, Mar 31, 15:00 GMT | Advanced Methods for Finding Dominant Trends in Forex Markets | Steve Primo | WBN | |
Current Session: U.S.
EUR/USD
Dollar Steady after PCE, Sterling at New Record Low against Euro by ActionForex.com
Dollar remains steady in a generally quiet market after the release of Feb Personal income and spending report. While personal income rose more than expected by 0.5%, spending growth slowed sharply to a 17 month low of 0.1%. Both the headline and core PCE deflator rose 0.1% mom. Headline PCE deflator slowed slightly from 3.5% yoy to 3.4% yoy while core PCE deflator was unchanged at 2.0%.
- Understanding The Exact Process Behind The Movement In Price by Sam Seiden
- Check out how pairs moved: Live Currency Rates & Charts
- Follow up the most relevant Economic Data in the new Real Time Economic Calendar
Other Topics for this Session:
Today's Technical Trading Points by Danske Bank A/S
Market Session Recaps London Session by FOREX.com
Chart of the Week − Double Top? by FXstreet.com
Currency Performance
Europe Session Performance by FXstreet.com
FX Analysts' Comments
FOREX Training Video | New York Session March 25, 2008 by Wayne McDonell, FxBootcamp.com
FX' Signal
Trade Signals − Matsys D Trade Signals by Fxwintrades
Top Market Movers Preview
EMU CONSUMER PRICE INDEX
| Date (GMT) | Event | Cons. | Previous | |
| Mar 31 | 09:00 | Consumer Price Index (MoM) | - | 0.3% |
| Mar 31 | 09:00 | Consumer Price Index (YoY) | - | 3.3% |
Friday Notes - Lessons from prior banking crises by HVB Group
We expect inflation to accelerate to 3.4% in March. Upward pressure should come from food – on a steadily rising trend − and energy, likely pushed higher by the jump that took oil prices to USD 110 pb. We have pencilled in a moderate increase in core inflation too, given the fading of the positive base effect related to the German VAT hike and the possible impact of the early Easter.
[ Full Story ]Top Market Movers Review
Germany CONSUMER PRICE INDEX
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Mar 28 | 15:30 | Consumer Price Index (YoY) | 3.1% | 2.9% | 2.8% |
| Mar 28 | 15:30 | Consumer Price Index (MoM) | 0.5% | 0.3% | 0.5% |
German March preliminary CPI up 0.5 pct from Feb, up 3.1 pct year−on−year (Thomson Financial News)
Consumer prices in Germany rose 0.5 pct in March from February and were up 3.1 pct from a year earlier, according to preliminary data from the Federal Statistics Office. In February, the CPI rate was up 2.8 pct from a year earlier.
[ Full Story ]- Read the CPI data at German Statistics [text in German]
- German preliminary consumer prices index picked up to 3.1 YoY in March (FXstreet.com)
- DATA SNAP: German Preliminary March CPI Up +0.5% MM,+3.1% YY (Dow Jones)
- German Mar Consumer Price preliminary up to 3.1% YoY (FXstreet.com)
EMU economic indicators - German retail sales probably have increased again in February by BHF−Bank
US REUTERS/MICHIGAN CONSUMER SENTIMENT INDEX
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Mar 28 | 14:00 | Reuters/Michigan Consumer Sentiment Index | 69.5 | 71.0 | 70.8 |
Reuters/Univ Michigan End−Mar Sentiment Dips To 69.5 (Dow Jones)
Consumer sentiment dipped in March to its weakest reading since 1992. The final version of the Reuters/University of Michigan consumer sentiment survey for March saw the overall index decrease to 69.5, from 70.8 in February. The preliminary March index was 70.5.
[ Full Story ]- Read the Reuters/University of Michigan Surveys of Consumers at Reuters
- US late March Reuters/Michigan consumer sentiment falls to 69.5 UPDATE (Thomson Financial News)
- US Reuters/Michigan consumer sentiment moved down to 69.5 in March (FXstreet.com)
- US late March Reuters/Michigan consumer sentiment falls to 69.5 vs 70.0 expected (Thomson Financial News)
US economic indicators - Consumer confidence indicators are likely to deteriorate further in March by BHF−Bank
US PERSONAL INCOME
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Mar 28 | 12:30 | Core Personal Consumption Expenditure − Prices Index (MoM) | 0.1% | 0.1% | 0.3% |
| Mar 28 | 12:30 | Personal Income (MoM) | 0.5% | 0.3% | 0.3% |
| Mar 28 | 12:30 | Personal Spending | 0.1 | 0.1 | 0.4 |
| Mar 28 | 12:30 | Core Personal Consumption Expenditure − Prices Index (YoY) | 2.0% | 2.1% | 2.2% |
DATA SNAP: US Feb Spending Weakest In More Than One Year (Dow Jones)
Personal spending slowed to a crawl in February even as income accelerated and inflation showed signs of relaxing, indicating consumer caution in the face of a soft economy. Personal consumption increased by 0.1% compared to the month before, the Commerce Department said Friday.
[ Full Story ]- Read the Personal Income and Spending data at Commerce department
- US February consumer spending up 0.1 pct, personal income up 0.5 pct UPDATE (Thomson Financial News)
- US Personal income rise in February more than expected (FXstreet.com)
- US February consumer spending up 0.1 pct, personal income up 0.5 pct (Thomson Financial News)
Mid−Day Forex Technical Report − Dollar Steady after PCE, Sterling at New Record Low against Euro by ActionForex.com
US economic indicators - Consumer confidence indicators are likely to deteriorate further in March by BHF−Bank
Currencies at a Glance
- EUR/USD
- Moves down back below pivot level 1.5783
03/28/2008 16:17 GMT - GBP/USD
- Moves down below second support level 1.9923
03/28/2008 16:17 GMT - USD/CHF
- Moves up above first resistant level 0.9988
03/28/2008 16:18 GMT - USD/JPY
- Stays above pivot level 99.45
03/28/2008 16:18 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 28 | 15:30 | DE | Consumer Price Index (MoM) (Mar)  | 0.5% | 0.3% | 0.5% |
| 15:30 | DE | Consumer Price Index (YoY) (Mar) | 3.1% | 2.9% | 2.8% | |
| Mar 30 | 23:15 | JP | Industrial Production (YoY) (Feb) | 2.2% | ||
| 23:15 | JP | Nomura/ JMMA Manufacturing Puchasing Manager Index (Mar) | 50.8 | |||
| 23:50 | JP | Industrial Production (MoM) (Feb) | -2.2% | |||
| Mar 31 | 03:00 | NZ | Business Confidence (Mar) | -43.9 | ||
| 05:00 | JP | Housing Starts (YoY) (Feb) | -5.7% | |||