Thursday, Feb 26, 17:09 GMT
ASIA-PACIFIC Trading Newsletter
To Get Started
- WEBINAR VIDEOS: The "Flag" chart pattern by Sunil Mangwani
- All the events of the day in our Economic Calendar
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Forex Blogs
FX Path: USD/JPY − Yen Bears in Control by James Chen
The big news of the past several days, of course, has been the substantial weakening of the yen. Perhaps nowhere is this more evident than on the USD/JPY, a daily chart of which is shown. The pair has reached and stalled, as of Thursday morning, around the key 98.00 support/resistance level.
The Advisor Blog: Usd/Jpy holding the 98.00 by Valeria Bednarik
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Live Sessions Schedule
Live Look at Today's Markets − Free Access Day
Expert: Derek Frey
Start: Thu, Feb 26, 18:00 GMT
Sponsored by: 
Type of Session: Webinar
Outlook for the major currencies this week
Expert: Ian Copsey
Start: Fri, Feb 27, 08:30 GMT
Type of Session: Webinar
| Sponsored by | ||||
| Thu, Feb 26, 16:00 GMT | How to Get Started Trading Forex − Free Access Day | Mark Whistler | WBN |  |
| Thu, Feb 26, 18:00 GMT | Live Look at Today's Markets − Free Access Day | Derek Frey | WBN | |
| Fri, Feb 27, 08:30 GMT | Outlook for the major currencies this week | Ian Copsey | WBN | |
| Fri, Feb 27, 10:00 GMT | Advanced APF Methods To Determine The Price Momentum  | Sunil Mangwani | WBN |  |
| Fri, Feb 27, 11:00 GMT | Scanning for High Probability Trading Opportunities | Sam Seiden | WBN | |
Current Session: U.S.
U.S. markets open with gains, Euro and Yen weaken against Dollar
FXstreet.com −Stock markets have opened with moderate gains, Dow Jones has risen 1.50% and the Nasdaq is 0.86% higher in the first hour of trading. On the macroeconomic front, initial jobless claims have risen to the highest level since 1982, while new home sales have plunged 10% instead of the 1% forecasted. The Yen has extended losses and, after two attempts, Dollar seems to have succeeded above 98.00, reaching 98.55 so far, after having remained practically flat during the European trading session.
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Pointing To The Downside by FXTechstrategy
While clear short and medium term directions are now on hold,AUDUSD continues to trade within its nearer term falling channel signifying that lower level prices are likely to be seen...
Chart of the Day − The bias is towards a downward continuation by FX Solutions
Price action on USD/CAD has entrenched itself in a horizontal, converging consolidation. Bounded in a triangle−like formation by an uptrend support line on the bottom and a downtrend resistance line on the top, the pair is poised to make a substantial directional move.
Analyst Sentiment Index (ASI)
Analysts Sentiment Index - EUR/USD
**Source : ActionForex.com, CMS Forex, Danske Bank A/S, FXstreet.com, i-knowindices.com, Mizuho Corporate Bank, MolFX - Management
[ View ASI page ] [ View EUR/USD page ]
Charting the Market Movers
GBP USD, Hourly
EUR USD, Hourly
Top Market Movers Preview
Germany CONSUMER PRICE INDEX
| Date (GMT) | Event | Cons. | Previous | |
| Feb 27 | 07:00 | Consumer Price Index (YoY) | 0.8% | 0.9% |
| Feb 27 | 07:00 | Consumer Price Index (MoM) | 0.3% | -0.5% |
EMU economic indicators - German CPI (February): unchanged at 0.9% yoy by BHF−Bank
The preliminary results for national German CPI for February are due to be released on Thursday at the latest. We expect German consumer prices to have risen by 0.4% mom; the annual rate would remain unchanged at 0.9%. Prices for accommodation services and package tours are expected to have increased.
[ Full Story ]Top Market Movers Review
US NEW HOME SALES
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Feb 26 | 15:00 | New Home Sales (MoM) | -10.2% | -1.0% | -9.5% |
| Feb 26 | 15:00 | New Home Sales | 309K | 329K | 344K |
DATA SNAP: US Jan New Home Sales Fall More Than Expected (Dow Jones)
New−home sales tumbled a sixth time in a row during January as bloated inventories kept prices on a stubborn retreat in a recession scaring people away from the housing market. Sales of single−family homes decreased by 10.2% to a seasonally adjusted annual rate of 309,000, the Commerce Department said Thursday.
[ Full Story ]- Table Of Data On New Home Sales From Commerce (Dow Jones)
- US ECONOMIC INDICATORS: Housing Data, Latest 6 Months (Dow Jones)
- US New Home Sales−STATS (Dow Jones)
US economic indicators - New home sales more or less unchanged by BHF−Bank
US DURABLE GOODS ORDERS
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Feb 26 | 13:30 | Durable Goods Orders | -5.2% | -2.3% | -4.6% |
| Feb 26 | 13:30 | Durable Goods Orders ex Transportation | -2.5% | -2.0% | -5.5% |
DATA SNAP: US Jan Durable Goods Down More Than Expected (Dow Jones)
Durable goods orders plunged in January, a sign of future demand fell, and a barometer of capital spending by businesses dropped, according to data showing how the recession is battering the factory sector. Manufacturers' orders for long−lasting goods decreased by 5.2% last month to a seasonally adjusted $163.80 billion, the Commerce Department said Thursday.
[ Full Story ]- Read the Durable Goods Orders data at Census Bureau
- U.S. Durable Goods Orders Fall for Fourth Consecutive Month (CEP News)
- US Durable Goods Orders drop 5.2% in Jan (FXstreet.com)
- Table Of Data On Durable Goods From Commerce (Dow Jones)
US: Durable Goods, Unemployment Claims by FX Solutions
US economic indicators - Durable goods orders (Jan): sixth decline in a row by BHF−Bank
Economic Events
| Date (GMT) | Country | Event | Actual | Cons. | Previous | |
| Feb 26 | 15:00 | US | New Home Sales (Jan) | 309K | 329K | 344K |
| 15:00 | US | New Home Sales (MoM) (Jan) | -10.2% | -1.0% | -9.5% |
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| 21:45 | NZ | Building Permits (MoM) (Jan) | -6% | |||
| 21:45 | NZ | Visitor Arrivals (Jan) | 3.9% | |||
| 23:30 | JP | Jobless Rate (Jan) | 4.6% | 4.4% | ||
| 23:30 | JP | National Consumer Price Index (YoY) (Feb) | 0.0% | 0.4% | ||
| 23:30 | JP | National CPI Ex Food, Energy (YoY) (Jan) | -0.2% | 0.0% | ||