Tuesday, Mar 10, 17:18 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
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Forex Blogs
FX Path: EUR/USD − Retracement Up to Resistance by James Chen
Price action on EUR/USD, a daily chart of which is shown, has retraced all the way back up to the top of the parallel downtrend channel that it has been traversing since the beginning of the year.
The Advisor Weblog: 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 11, 09:00 GMT
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Type of Session: Webinar
Trading Break Out's And Other Market Views
Expert: Phil Newton
Start: Wed, Mar 11, 10:00 GMT
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Type of Session: Webinar
| Sponsored by | ||||
| Tue, Mar 10, 16:00 GMT | Central Bank Review | Adam Rosen | WBN |  |
| Tue, Mar 10, 17:00 GMT | Live Look at Today's Markets  | Derek Frey | WBN |  |
| Wed, Mar 11, 09:00 GMT | FX Instructor Live Trading Room | Mark De La Paz | WBN | |
| Wed, Mar 11, 10:00 GMT | Trading Break Out's And Other Market Views | Phil Newton | WBN | |
| Wed, Mar 11, 12:00 GMT | US Pre−Market Open | Ed Ponsi | WBN | |
Current Session: U.S.
Wall Street opens with gains; Euro and Pound slightly up
FXstreet.com − U.S. stock markets are rallying on Tuesday on renewed confidence in banks, the Euro rallied about 100 pips against the Dollar, the pound has gone through a choppy session while the Dollar declined against the Yen.
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The EUR/USD Technical Perspective by FXstreet.com Independent Analyst Team
The pair has turned bullish after breaking above the daily descendant trend line, supported with enough volume. Indicators are tending higher, tough the pair needs to break today's high to continue further up. We should see a probable pullback to the broken line before a continuation now at 1.2780.
TRADING NEWS
Trading News Report − AUD/USD: Trading the Australia Employment Change Report by FXCM
The Australian dollar is likely to face increased selling pressures over the next 24 hours of trading as economists forecast employment to fall 20.0K in February.
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
US ABC/WASHINGTON POST CONSUMER CONFIDENCE
| Date (GMT) | Event | Cons. | Previous | |
| Mar 10 | 21:00 | ABC/Washington Post Consumer Confidence | - | -49 |
US economic indicators - Latest weekly ABC consumer comfort index fell by BHF−Bank
The University of Michigan's (UMI) consumer sentiment plunged by almost 5 points in February, mainly due to expectations having worsened. As the latest weekly ABC consumer comfort index fell back somewhat, we expect UMI's preliminary March consumer sentiment to have declined too, albeit only slightly, to 55.5.
[ Full Story ]- Read the Confidence data at Washington Post
Top Market Movers Review
US WHOLESALE INVENTORIES
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Mar 10 | 14:00 | Wholesale Inventories | -0.7% | -1.0% | -1.4% |
DATA SNAP: US Wholesale Inventories Down Less Than Seen (Dow Jones)
U.S. wholesalers cut inventories in January, but a gauge suggested further drawdown is needed, perhaps weighing on the slumping economy even more.
[ Full Story ]- Read the Wholesale Inventories data at Census Bureau
- UPDATE: US Wholesalers Cut Inventories Further In January (Dow Jones)
- US Wholesale Inventories fall 0.7% in Jan, less than expected (FXstreet.com)
Economic Events
| Date (GMT) | Country | Event | Actual | Cons. | Previous | |
| Mar 10 | 13:30 | US | Fed's Bernanke Speech | |||
| 14:00 | US | Wholesale Inventories (Jan) | -0.7% | -1.0% | -1.4% | |
| 21:00 | US | ABC/Washington Post Consumer Confidence (Mar 8) | -49 | |||
| 23:30 | AU | Westpac Consumer Confidence (Mar) | -4.6% | |||
| 23:50 | JP | Domestic Corporate Goods Price Index (MoM) (Feb) | -0.6% | -1.2% | ||
| 23:50 | JP | Domestic Corporate Goods Price Index (YoY) (Feb) | -1.2% | -0.2% | ||
| Mar 11 | 00:01 | UK | NIESR GDP Estimate (Feb)  | -1.7% | ||