Tuesday, Mar 03, 17:16 GMT
ASIA-PACIFIC Trading Newsletter
To Get Started
- WEBINAR VIDEOS: Hedging with Options in Today's Forex by John Jagerson
- All the events of the day in our Economic Calendar
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Forex Blogs
FX Path: USD/JPY − Potential Continuation Pennant by James Chen
Price action on USD/JPY, a daily chart of which is shown, has formed a small pennant pattern within the context of the latest bullish run. This pennant may be considered a minor price consolidation before a potential continuation of the new uptrend.
The Advisor Blog: Gbp/Usd technical perspective by Valeria Bednarik
Find other fellow traders to share your comments and market view in the FOREX CHAT
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Live Sessions Schedule
FX Instructor Live Trading Room
Expert: Mark De La Paz
Start: Wed, Mar 4, 10:00 GMT
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Type of Session: Webinar
Trading Break Out's And Other Market Views
Expert: Phil Newton
Start: Wed, Mar 4, 11:00 GMT
Sponsored by: 
Type of Session: Webinar
| Sponsored by | ||||
| Tue, Mar 3, 18:00 GMT | Live Look at Today's Markets  | Derek Frey | WBN |  |
| Wed, Mar 4, 10:00 GMT | FX Instructor Live Trading Room | Mark De La Paz | WBN | |
| Wed, Mar 4, 11:00 GMT | Trading Break Out's And Other Market Views | Phil Newton | WBN | |
| Wed, Mar 4, 14:00 GMT | Main technical theme in the currency market | Jamie Saettele | WBN |  |
| Wed, Mar 4, 15:00 GMT | Economic and Technical View of the Currency Market | Rob Booker | WBN |  |
Current Session: U.S.
U.S. Markets slightly up; Euro and Pound in range, USD/JPY soars
FXstreet.com − U.S Markets have opened mildly upwards on Tuesday after Monday's sell−off, and the BoC has cut interest rates to the lowest level ever, the USD/JPY has soared through 98.00, while the Euro and Pound remain in range.
Wall Street is going to increases of about a half percentage point on Tuesday after Monday's sell−off, and the Bank of Canada has announced a 0,5% basis points rate cut, which leaves its key interest rate at 0,50% the lowest level ever.
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Loss Of The 1.4137 To Highlights Risk Towards 1.3504 Level by FXTechstrategy
With an invalidation of the 1.4137 level, its Feb 12'09 low seen Monday, risk for further declines through its Jan'2002 low at 1.4045 and the 1.3682 level, its Jun'2001 low has increased...
Is the Yen Still a Safe−Haven Contender? by ForexYard
The JPY was among the few currencies to climb against the USD on Monday, as the currency's sharp rebound late last week from a weekly slide worried Japanese exporters and prompted them to sell the Dollar early to hedge their overseas earnings.
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
EMU PURCHASING MANAGER INDEX SERVICES
| Date (GMT) | Event | Cons. | Previous | |
| Mar 4 | 09:00 | Purchasing Manager Index Services | 38.9 | 38.9 |
EMU economic indicators - PMIs: No revision expected by BHF−Bank
German retail sales are likely to have remained more or less unchanged in January, as retailers' business assessment improved but consumer confidence deteriorated. The Purchasing Managers' Indices for the German and EMU manufacturing sector in January are unlikely to be revised significantly.
[ Full Story ]Top Market Movers Review
US PENDING HOME SALES
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Mar 3 | 15:00 | Pending Home Sales (MoM) | -7.7% | -3.0% | 4.8% |
UPDATE: US Pending Home Sales Index Down 7.7% In January −NAR (Dow Jones)
A forecasting gauge of housing−market activity fell by more than twice as much as was expected in January as some buyers held off on home purchases. The National Association of Realtors' index for pending sales of previously owned homes dropped 7.7% to 80.4 in January from 87.1 in December, the industry group said Tuesday.
[ Full Story ]- 2nd UPDATE: US Pending Home Sales Index Dn 7.7% In Jan − NAR (Dow Jones)
- UPDATE: US Pending Home Sales Index Down 7.7% In January −NAR (Dow Jones)
- US Pending Home Sales Index −7.7% In January − NAR (Dow Jones)
US economic indicators - Home sales are expected to have gone down by 3.5% mom in January by BHF−Bank
Canada BOC INTEREST RATE DECISION
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Mar 3 | 14:00 | BoC Interest Rate Decision | 0.5% | 0.5% | 1.0% |
USD/CAD: The Dollar regains previous losses after BoC rate cut; 1.3000 on sight (FXstreet.com)
The USD/CAD has rallied after the Bank of Canada released its decision to cut interest rates by 50 basis points, and the Dollar has taken back the 100 pips lost ahead of the Bank's decision to reach 1.2950 and its on its way to test 1.300 (Oct 28 and Dec 5 high).
[ Full Story ]- Read the Official Statement at BoC
- UPDATE: Canada Dollar Drops After BOC Cuts Rates By 50 Bps (Dow Jones)
- Canada Dollar Drops After BOC Cuts Rates By 50 Bps (Dow Jones)
- The BoC cuts it's interest rate 50bp to 0.5% as expected (FXstreet.com)
Forex Trading Strategies - RBA keeps rates unchanged; Over to you Canada........ by Saxo Bank
Trading News Report - The BoC is widely expected to lower the benchmark interest in September by FXCM
Economic Events
| Date (GMT) | Country | Event | Actual | Cons. | Previous | |
| Mar 3 | 15:00 | US | Fed's Bernanke testifies | |||
| 15:00 | US | Pending Home Sales (MoM) (Jan) | -7.7% | -3.0% | 4.8% |
|
| 17:30 | EMU | ECB Trichet's Speech | ||||
| 17:30 | US | Treasury's Geithner Speech | ||||
| 22:00 | US | ABC/Washington Post Consumer Confidence (Mar 1) | -47 | -48 | ||
| Mar 4 | 00:01 | UK | Nationwide Consumer Confidence (Feb) | 38 | 40 | |
| 00:30 | AU | Gross Domestic Product (QoQ) (4Q) | -0.1% | 0.1% | ||