Friday, Mar 06, 17:14 GMT
ASIA-PACIFIC Trading Newsletter
To Get Started
- WEBINAR VIDEOS: Catching Redfish off the pool: Trend Lines and Technical Indicators by S.A. Ghafari
- All the events of the day in our Economic Calendar
Note that our messages might be blocked by anti-spam filters so please add newsletter@fxstreet.com or our domain (fxstreet.com) to your address book.
Forex Blogs
FX Path: USD/CAD − Flag Near Quadruple−Tested Highs by James Chen
After coming just a few pips shy of quadruple−testing the 1.3000 4−year highs, price action on the USD/CAD daily chart, as shown, has retreated back down a bit and formed a potential bullish flag formation.
The Advisor Weblog: Market update by Valeria Bednarik
Find other fellow traders to share your comments and market view in the FOREX CHAT
Sponsored by 
Live Sessions Schedule
Technical analysis is NOT the trading plan
Expert: Sunil Mangwani
Start: Mon, Mar 9, 09:00 GMT
Sponsored by: 
Type of Session: Webinar
Derek Frey's Outlook
Expert: Derek Frey
Start: Mon, Mar 9, 14:00 GMT
Sponsored by: 
Type of Session: Webinar
| Sponsored by | ||||
| Mon, Mar 9, 09:00 GMT | Technical analysis is NOT the trading plan | Sunil Mangwani | WBN | |
| Mon, Mar 9, 10:00 GMT | FX Instructor Live Trading Room  | Mark De La Paz | WBN |  |
| Mon, Mar 9, 12:00 GMT | US Pre−Market Open | Ed Ponsi | WBN |  |
| Mon, Mar 9, 13:30 GMT | US Session Open | Ed Ponsi | WBN | |
| Mon, Mar 9, 14:00 GMT | Derek Frey's Outlook | Derek Frey | WBN | |
Current Session: U.S.
Forex: Wall Street down, Dollar rises on risk aversion return
FXstreet.com − After the worst than expected NFP and the good start in Wall Street, Euro and Pound are retrieving from intraday highs, even under pre report levels, as U.S. stocks are back in red, after a 140 points positive spike. As commented these last days, trend change is not here yet: both Europeans are still inside the ranges we have been seeing for long, and under risk aversion pressure.
.
Stock indices should continue under pressure by Mizuho Corporate Bank
Even the tabloid press are reporting on equity indices as they drop below key chart levels, a fourth consecutive weekly decline for the S&P 500 and Dow Industrials to match 1997 levels, and Japan's Nikkei and Topix to 1983 ones.
Currencies
AUDCHF The Best Range Candidate Among Congestion Bound Australian Dollar Crosses by FXCM
Despite the top tier event risk that crossed the wires earlier this week, the Aussie dollar crosses have not ventured beyond the boundaries of their broad ranges.
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 Review
US NONFARM PAYROLLS
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Mar 6 | 13:30 | Nonfarm Payrolls | -651K | -625K | -655K |
| Mar 6 | 13:30 | Average Hourly Earnings (YoY) | 3.6% | - | 3.9% |
| Mar 6 | 13:30 | Average Hourly Earnings (MoM) | 0.2% | 0.3% | 0.3% |
| Mar 6 | 13:30 | Unemployment Rate | 8.1% | 7.9% | 7.6% |
US Non farm payrolls fall by 651K in Feb; Unemployment rate at 8.1% (FXstreet.com)
Unemployment continues growing at a very fast pace in the United States; the jobless rate has reached in February its highest level since 1983, according to data released by the U.S. Labor Department.
[ Full Story ]- Read the employment situation at US Department of Labor
- 2nd UPDATE: US Payrolls Plunge; Jobless Rate At 25−Year High (Dow Jones)
- U.S. Markets open with gains despite Unemployment Rate at 25−year high (FXstreet.com)
- US Jobs−STATS−Average Hourly Earnings (Dow Jones)
Asian Session − Markets Wait for NFP Bomb by ACM − Advanced Currency Markets
Forex Trading Strategies - The quiet before (another) storm? Non−farm payrolls hold the key by Saxo Bank
Economics Weekly - BoE and ECB to cut interest rates, weak US jobs data expected by Lloyds TSB Financial Markets
Economic Events
| Date (GMT) | Country | Event | Actual | Cons. | Previous | |
| Mar 6 | 13:30 | US | Average Hourly Earnings (YoY) (Feb) | 3.6% | 3.9% | |
| 13:30 | US | Unemployment Rate (Feb) | 8.1% | 7.9% | 7.6% | |
| 20:00 | US | Consumer Credit (Jan) | $8.1 | -$3.9B | -$6.6 | |
| Mar 8 | 23:50 | JP | Adjusted Current Account (Jan) | ¥654.1B | ||
| 23:50 | JP | Trade Balance − BOP Basis (Jan) | -¥197.9B | |||
| Mar 9 | 05:00 | JP | Eco Watchers Survey: Current (Feb) | 17.1 | ||
| 05:00 | JP | Eco Watchers Survey: Outlook (Feb) | 22.1 | |||