Thursday, Mar 12, 17:00 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
The Disciplined Trader: USD index presents good clue to Dollar direction by Pierre Charlebois
Look at this chart closely and notice the support of the rising trend−line (red). The current move down is yet to really break out of the grips of the old upward channel. It's a choppy move that has yet to gain any real momentum downward.
FX Path: USD/JPY - Rejected by Support by James Chen
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Live Sessions Schedule
Outlook for the major currencies this week
Expert: Ian Copsey
Start: Fri, Mar 13, 08:00 GMT
Type of Session: Webinar
Fibonacci Friday
Expert: Andrei Pehar
Start: Fri, Mar 13, 15:00 GMT
Type of Session: Webinar
| Sponsored by | ||||
| Thu, Mar 12, 17:00 GMT | Live Look at Today's Markets − Free Access Day | Derek Frey | WBN |  |
| Fri, Mar 13, 08:00 GMT | Outlook for the major currencies this week | Ian Copsey | WBN |  |
| Fri, Mar 13, 09:00 GMT | Advanced APF Methods To Determine The Price Momentum  | Sunil Mangwani | WBN |  |
| Fri, Mar 13, 12:00 GMT | US Pre−Market Open | Ed Ponsi | WBN | |
| Fri, Mar 13, 13:00 GMT | FX Market Pulse | Raghee Horner | WBN | |
Current Session: U.S.
U.S.markets up for third consecutive day; Dollar rallies and Swiss Frank plummets
FXstreet.com − U.S. stock markets are going through gains for third day in a row, as G.E. credit rate downgrade will not affect businesses, The Swiss National Bank has sent the CHF underwater and U.S. consumption did not decline as much as expected. The Swiss rank has dropped massively against most majors after the SNB interest rate cut; USD/CHF rocketed about 360 pips reaching 1.1969; 3−month high; EUR/CHF has risen about 325 pips to 1.5300, and the GBP/CHF has rallied more than 400 pips reaching 1.6460 so far.
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US Retail Sales sees huge upside surprise − a misleading or a promising development? by Saxo Bank
SNB out with aggressive measures to fight CHF strengthening. EURUSD can't decide on a direction, continuing its choppy, halting rally. The EURJPY action prevented EURUSD once again from making a break to the upside, even though we have now finally seen the latter pair close above the 21−day moving average.
GBP/USD
Currency Majors Technical Perspective − The pair needs to break the floor around 1.3721 to trigger more momentum by FXstreet.com Independent Analyst Team
Still bearish in the hourly, the pair needs to break the floor around 1.3721 to trigger more momentum. Volume is normal, while momentum indicator seems divergent after this past hour violent upside down volatility. We need a new candle opening to confirm further movements.
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 TRADE BALANCE
| Date (GMT) | Event | Cons. | Previous | |
| Mar 13 | 12:30 | Trade Balance | - | -$39.93B |
US economic indicators - Trade balance (March): slight decline in nominal terms by BHF−Bank
Given the sharp drop in import prices, the December trade deficit fell to its lowest level since February 2003. But the real trade deficit widened markedly, as exports declined much more than imports. Net exports contributed negatively to GDP growth in Q4 for the first time since Q1/2007 due to the global recession.
[ Full Story ]Top Market Movers Review
Switzerland SNB INTEREST RATE DECISION
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Mar 12 | 13:00 | SNB Interest Rate Decision | 0.25% | 0.25% | 0.50% |
USD/CHF: Dollar skyrockets to 1.1860, on the SNB rate cut (FXstreet.com)
The Dollar has posted a 260 pips rally minutes after the SNB slashed interest rates to 0.25%, reaching just below 1.1850, from around 1.1600.
[ Full Story ]- Read the Official Statement at SNB
- 2nd UPDATE: Swiss Intervention May Lead To Action Elsewhere (Dow Jones)
- UPDATE: Swiss Central Bank Sounds Deflation Alarm, Targets Franc (Dow Jones)
- The SNB cuts 25bp its Libor rate to 0.25% (FXstreet.com)
SNB rate decision may spark selling of CHF by Easy Forex
Daily Market Briefing - Euro Rallies for Test of 1.2850, Swiss Franc at Risk Ahead of Expected SNB Rate Cut by FXCM
US RETAIL SALES
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Mar 12 | 12:30 | Retail Sales ex Autos (MoM) | 0.7% | -0.4% | 1.6% |
| Mar 12 | 12:30 | Retail Sales (MoM) | -0.1% | -0.5% | 1.8% |
USA: Consumer spending has stabilised by Danske Bank A/S
The February retail sales surprised positively with higher−than−expected readings on the headline. Total retail sales declined by 0.1% m/m (DB: +0.1%, Cons.: −0.5%), while ex. auto sales increased by 0.7% m/m (DB: +0.3%, Cons.: −0.1%).
[ Full Story ]- Read the Retail Sales data at Census Bureau
- 2nd UPDATE: Feb Retail Sales Dip But Better Than Expected (Dow Jones)
- UPDATE: US Feb Retail Sales Above Expectations (Dow Jones)
- Forex: The USD/JPY breaks the 96.57 after the better than expected US retails sales (FXstreet.com)
US: Be Prepared! Retail Sales will fall by 0.5% by ForexYard
Trading News Report - EUR/USD: Trading the U.S. Advanced Retail Sales Report by FXCM
Economic Events
| Date (GMT) | Country | Event | Actual | Cons. | Previous | |
| Mar 12 | 14:00 | US | Business Inventories (Jan) | -1.1% | -1.1% | -1.3% |
| 14:00 | US | Treasury's Geithner Speech | ||||
| 21:45 | NZ | Retail Sales (MoM) (Jan) | -0.1% | -1.0% | ||
| 21:45 | NZ | Retail Sales ex Autos (MoM) (Jan) | 0.2% | -0.6% | ||
| Mar 13 | 04:30 | JP | Capacity Utilization (Jan) | -11.8 | ||
| 04:30 | JP | Industrial Production (MoM) (Jan) | -8.5% | |||
| 04:30 | JP | Industrial Production (YoY) (Jan) | -20.8% | |||