Wednesday, Mar 11, 17:11 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: AUD/USD − Consolidating Above Uptrend Support by James Chen
AUD/USD, a daily chart of which is shown, continues to consolidate right on top of a key uptrend support line extending from the late October 5−year low (around 0.6000).
Forex Trading Today: Crude Falls and CAD itself Rises Ahead of Inventory Strength by Tim Salem
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Live Sessions Schedule
Low Risk Breakout Trading in Forex − Free Access Day
Expert: Sam Seiden
Start: Thu, Mar 12, 09:00 GMT
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FX Instructor Live Trading Room − Free Access Day
Expert: Mark De La Paz
Start: Thu, Mar 12, 11:00 GMT
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Type of Session: Webinar
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| Wed, Mar 11, 17:00 GMT | Live Look at Today's Markets | Derek Frey | WBN |  |
| Thu, Mar 12, 09:00 GMT | Low Risk Breakout Trading in Forex − Free Access Day | Sam Seiden | WBN |  |
| Thu, Mar 12, 11:00 GMT | FX Instructor Live Trading Room − Free Access Day | Mark De La Paz | WBN | |
| Thu, Mar 12, 12:00 GMT | US Pre−Market Open− Free Access Day | Ed Ponsi | WBN | |
| Thu, Mar 12, 13:30 GMT | US Session Open − Free Access Day | Ed Ponsi | WBN | |
Current Session: U.S.
The EUR/USD is rejected by the 1.2820 again
FXstreet.com − The 1.2820 is seen as a too strong level for the euro to break it, as the EUR/USD has attempted several times to breaks it. The EUR/USD has rallied to a maximum of 1.2819 (intra−week high) from the from intra−day low at 1.2616 reached ahead of the European session. After reach the 1.2819, the par has been rejected strongly to the 1.2750, falling around 60 pips in few minutes. Currently, the EUR/USD is trading around the 1.2765/85 band and Indicators remain bullish.
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Long term perspective remains bullish, upside correction by FXstreet.com Independent Analyst Team
Cable is currently trading at 1.3745, hovering above its support zone between 1.3680 and 1.3700. We expect that support to be broken today on the downside in an attempt to move towards the major support at 1.3650.
American Session
U.S. Update: Euro up GBP down by FXstreet.com Independent Analyst Team
Early in the European session, U.K.'s trade deficit unexpectedly widened in January, with a 7.7 billion pounds gap ($10.6 billion), compared with 7.2 billion pounds in December, another sign of global recession.
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
Australia UNEMPLOYMENT RATE
| Date (GMT) | Event | Cons. | Previous | |
| Mar 12 | 00:30 | Unemployment Rate | 5.0% | 4.8% |
| Mar 12 | 00:30 | Employment Change | -20.0K | 1.2K |
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 and project the annual jobless rate to rise to a three−year high of 5.0% from 4.8% in the previous month, which would reinforce a dour outlook for future growth as the $1T economy teeters on the brink of a recession.
[ Full Story ]Top Market Movers Review
UK GOODS TRADE BALANCE
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Mar 11 | 09:30 | Goods Trade Balance | -£7.7B | -£7.5B | -£7.2B |
| Mar 11 | 09:30 | Total Trade Balance | -£3.585B | -£3.700B | -£3.248B |
DATA SNAP: UK Jan Adj Trade Deficit GBP7.7B Vs GBP7.2B Dec (Dow Jones)
The U.K. global goods deficit widened in January, as exports to non−European Union countries fell sharply amid the global economic slump, the Office for National Statistics reported Wednesday.
[ Full Story ]- Read the Trade Balance data at UK Statistics
- 2nd UPDATE: UK Jan Adj Trade Deficit GBP7.7B Vs GBP7.2B Dec (Dow Jones)
- UPDATE: UK Jan Adj Trade Deficit GBP7.7B Vs GBP7.2B Dec (Dow Jones)
- UK Jan Goods Trade Balance falls to a £7.7B deficit (FXstreet.com)
Economic Events
| Date (GMT) | Country | Event | Actual | Cons. | Previous | |
| Mar 11 | 12:30 | CA | New Housing Price Index (YoY) (Jan) | -0.8% | -0.3% | 0.4% |
| 14:35 | US | EIA Crude Oil Stocks change | 0.7M | 0.1M | -0.7M | |
| 18:00 | US | Monthly Budget Statement (Feb) | -197.0B | -83.8B | ||
| 21:00 | NZ | RBNZ Interest Rate Decision | 2.75% | 3.50% | ||
| 21:45 | NZ | Food Price Index (MoM) (Feb) | 0.8% | |||
| 23:50 | JP | Gross Domestic Product (QoQ) (4Q) | -3.3% | -0.5% | ||
| 23:50 | JP | Gross Domestic Product Annualized (4Q) | -1.8% | -1.8% | ||