Monday, Mar 09, 17:08 GMT
ASIA-PACIFIC Trading Newsletter
To Get Started
- WEBINAR VIDEOS: Multi-time frames for entry and exit signals in Forex by Peter Leonidou
- 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
Chartology: EUR/USD Channel Down and Potential Swing Set Up by Raghee Horner
…playing the bounce here. Watch the downtrend line resistance (green line) for a short play as price reaches the resistance of the pattern. With prices above the 1.2600 level there is a chance that prices could bounce higher on the break up through the "00".
FX Path: GBP/USD - Break of 1.4000, Continuing Downtrend Stroll by James Chen
Find other fellow traders to share your comments and market view in the FOREX CHAT
Sponsored by 
Live Sessions Schedule
The Weather Report: Ichimoku Cloud Trading
Expert: Chris Capre
Start: Tue, Mar 10, 14:00 GMT
Type of Session: Webinar
Trading with Autochartist
Expert: Raghee Horner
Start: Tue, Mar 10, 15:00 GMT
Type of Session: Webinar
| Sponsored by | ||||
| Mon, Mar 9, 16:00 GMT | Weekly Webinar: 1st on Forex − The Week Ahead | Jerry Furst | WBN |  |
| Tue, Mar 10, 11:00 GMT | FX Instructor Live Trading Room  | Mark De La Paz | WBN |  |
| Tue, Mar 10, 12:00 GMT | US Pre−Market Open | Ed Ponsi | WBN |  |
| Tue, Mar 10, 13:30 GMT | US Session Open | Ed Ponsi | WBN | |
| Tue, Mar 10, 14:00 GMT | The Weather Report: Ichimoku Cloud Trading | Chris Capre | WBN | |
Current Session: U.S.
The Dollar rises to 1.3065 against the CAD, 4 years high
FXstreet.com − USD/CAD broke above the 1.3000 key zone, and remains pushing higher. The pair also confirmed with this week opening the break of the continuation triangle clear in daily and weekly charts, so despite expected and logical corrections, longer term perspective has turned bullish. 1.3054/75 congestion zone of weekly maximums and minimums, should offer enough resistance for today. Clear break above, will send the pair to next important zone around 1.3180.
.
USD/JPY bullishness is likely not yet over by FX Solutions
After confirming a double−bottom reversal by breaking out above 94.60, USD/JPY came just around 30 pips shy of the key 100.00 mark last week before retreating. This retreat took price all the way back down to a steep uptrend support line that began in mid−February, before bouncing back up again.
USD/CAD
USD firm, CAD falls to five year low by Easy Forex
USD traded higher supported by a fresh spike in risk aversion as global equity markets fall on concern about UK bank troubles. GBP traded sharply lower pressured by a sharp drop in UK bank stocks and continued fallout from last week's quantitative ease by the Bank of England.
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
UK INDUSTRIAL PRODUCTION
| Date (GMT) | Event | Cons. | Previous | |
| Mar 10 | 09:30 | Manufacturing Production (YoY) | -9.9% | -10.2% |
| Mar 10 | 09:30 | Industrial Production (MoM) | -1.2% | -1.7% |
| Mar 10 | 09:30 | Manufacturing Production (MoM) | -1.5% | -2.2% |
| Mar 10 | 09:30 | Industrial Production (YoY) | - | -9.4% |
Friday Notes - UK Industrial: Manufacturing recession to ease by UniCredit Group
The contraction in manufacturing production should ease somewhat in January and (throughout the quarter). Surveys indicators have been mixed at the start of the year, with the January manufacturing PMI marking a small rebound before declining again in February and the Confederation of British Industries reading continuing to decline.
[ Full Story ]Top Market Movers Review
Canada HOUSING STARTS S.A
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Mar 9 | 12:15 | Housing Starts s.a (YoY) | 134.6K | 148.5K | 153.5K |
USD/CAD: The Dollar rallies, right below 1.2975; crawling towards 1.3020 5−year high (FXstreet.com)
The Dollar has rallies against its Canadian counterpart and the pair is climbing towards 1.2975 (Mar 3 high) the last resistance below log time resistance level at 1.3020 ( Oct 27 high,) after CMHC released a well worse than expected Housing starts level in February.
[ Full Story ]Economic Events
| Date (GMT) | Country | Event | Actual | Cons. | Previous | |
| Mar 9 | 09:30 | EMU | Sentix Investor Confidence (Mar) | -42.70 | -37.80 | -36.13 |
| 12:15 | CA | Housing Starts s.a (YoY) (Feb) | 134.6K | 148.5K | 153.5K | |
| 21:00 | NZ | NZIER Business Confidence (1Q) | -64 | |||
| Mar 10 | 00:01 | UK | BRC Retail Sales Monitor − All (YoY) (Feb) | 1.1% | ||
| 00:01 | UK | RICS House Price Balance (Feb) | -75.8% | -76.0% | ||
| 00:30 | AU | ANZ Job Advertisements (Feb) | -6.3% | |||
| 00:30 | AU | National Australia Bank's Business Conditions (Feb) | -11 | |||