Friday, Mar 13, 16:24 GMT
ASIA-PACIFIC Trading Newsletter
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- All the events of the day in our Economic Calendar
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Forex Blogs
Chartology: GBP/USD: Tale of Two Trends by Raghee Horner
It's Friday and I am in half−day trading mode so I thought a nice educational updated would be perfect going into the weekend. I'm going to walk you through using an invalid chart pattern alert, two different intraday trends, and confirming Initial Trend readings on the your Autochartist alert.
FX Path: USD/CAD - Retreating from False Break - Quadruple Test by James Chen
The Advisor Blog: Technical points by Valeria Bednarik
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Understand & Use Fibonacci Ratios Effectively
Expert: Sunil Mangwani
Start: Mon, Mar 16, 09:00 GMT
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Type of Session: Webinar
MONTHLY WEBINAR: Part 1 − Trading Forex on a Daily Basis Using Daily Charts
Expert: James Chen
Start: Thu, Mar 19, 13:00 GMT
Type of Session: Webinar
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| Mon, Mar 16, 09:00 GMT | Understand & Use Fibonacci Ratios Effectively | Sunil Mangwani | WBN | |
| Mon, Mar 16, 11:00 GMT | Stop Seeing Scary Movies: Let Me Show You "Mr. Margin Call" | S.A Ghafari | WBN |  |
| Mon, Mar 16, 14:00 GMT | Derek Frey's Outlook | Derek Frey | WBN |  |
| Mon, Mar 16, 15:00 GMT | Advanced Methods for Finding Dominant Trends in Forex Markets  | Mark Whistler | WBN | |
| Mon, Mar 16, 16:00 GMT | Weekly Webinar: 1st on Forex − The Week Ahead | Jerry Furst | WBN |  |
Current Session: U.S.
U.S markets turn down, Dollar down against the yen and up against Pound and Euro
FXstreet.com − Euro and Pound have declined to test support levels, EUR/USD has dropped from 1.2915 to support level at 1.2865, but the level remains intact o far, and the Euro remains in the range between 1.2865 and 1.2965 it has been trading during the last 24 hours.
GBP/USD has dropped from 1.4040 through 1.3985 to test support level at 1,3920, the Pound has not broken that support so far.
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Currency Majors Technical Perspective − The pair is turning bearish in the hourly chart by FXstreet.com Independent Analyst Team
The pair is turning bearish in the hourly chart, with indicators supporting the downside continuation. Failure to break above 1.4000, will keep Gbp under pressure for the next hours, more like if the pair manages to break under the 20 SMA
USD/JPY
USD/JPY: Dollar refuses to take 98.55 and turns down towards 97.90 by FXstreet.com
USD/JPY has been rejected at its first attempt to break 98.55 resistance level on its rally from 97.13, and falls towards 97.90 support level.
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
EMU CONSUMER PRICE INDEX
| Date (GMT) | Event | Cons. | Previous | |
| Mar 16 | 10:00 | Consumer Price Index (MoM) | - | -0.8% |
| Mar 16 | 10:00 | Consumer Price Index − Core (YoY) | - | 1.6% |
| Mar 16 | 10:00 | Consumer Price Index (YoY) | - | 1.1% |
Friday Notes - EMU, CPI: Temporary rebound by UniCredit Group
We confirm our call for February EMU headline inflation at 1.2%, with risks for a downward revision. Food prices remain on a slowing trend, partially offset by a recovery in energy prices. After aggressive winter sales, clothing prices probably rebounded somewhat.
[ Full Story ]Top Market Movers Review
US REUTERS/MICHIGAN CONSUMER SENTIMENT INDEX
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Mar 13 | 14:00 | Reuters/Michigan Consumer Sentiment Index | 56.6 | 55.0 | 56.3 |
Reuters/Univ Michigan Mid−March Sentiment 56.6; Feb 56.3 (Dow Jones)
Consumer sentiment was largely stable as of the middle of March, according to a report released Friday. The Reuters/University of Michigan preliminary sentiment reading for March stood at 56.6, versus 56.3 in February. The measure had been expected to stand at 55.0.
[ Full Story ]US economic indicators - UMI consumer sentiment (March): no rebound after sharp decrease in February by BHF−Bank
US TRADE BALANCE
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Mar 13 | 12:30 | Trade Balance | -$36.03B | -$38.00B | -$39.90B |
DATA SNAP: US Jan Trade Gap Narrows More Than Expected (Dow Jones)
The U.S. trade deficit narrowed by about 10% in January, brought by falling prices and shrinking demand to its lowest point since 2002. The U.S. deficit in international trade of goods and services decreased to $36.03 billion from December's very slightly revised $39.90 billion, the Commerce Department said Friday.
[ Full Story ]- ECONOMIC REPORT: U.S. Trade Gap Narrows To 6−Year Low In January (Dow Jones)
- US Trade deficit reduced to $36.03B in Feb (FXstreet.com)
- Table of U.S. Trade Data −3: Balances By Region (Dow Jones)
US economic indicators - Trade balance (March): slight decline in nominal terms by BHF−Bank
Economic Events
| Date (GMT) | Country | Event | Actual | Cons. | Previous | |
| Mar 13 | 12:30 | US | Trade Balance (Feb) | $-36.03B | -$38.00B | -$39.90B |
| 14:00 | US | Reuters/Michigan Consumer Sentiment Index (Mar)  | 56.6 | 55.0 | 56.3 | |
| Mar 14 | 00:00 | EMU | EU Finance Minister meeting | |||
| Mar 15 | 00:00 | EMU | EU Finance Minister meeting | |||
| Mar 16 | 00:01 | UK | Rightmove House Price Index (MoM) (Mar) | 1.2% | ||
| 00:01 | UK | Rightmove House Price Index (YoY) (Jan) | -9.1% | |||
| 04:00 | JP | Tokyo Condominium Sales (YoY) (Feb) | -21.4% | |||