Monday, Mar 16, 16:52 GMT
ASIA-PACIFIC Trading Newsletter
To Get Started
- WEBINAR VIDEOS: The Weather Report: Ichimoku Cloud Trading by Chris Capre
- 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
FX Path: GBP/USD − Bullish Retracement to Trendline by James Chen
GBP/USD, a daily chart of which is shown, has once again reverted back up to approach the resistance offered by a trendline that has been bisecting price action since around mid−2008. Currently acting as downtrend resistance, this trendline is now part of a parallel downtrend channel that has been in place since October.
The Advisor Blog: Usd/Jpy for today by Valeria Bednarik
FXbootcamp: FOREX Training Video - London Session March 16, 2008 by Christian Stephens
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 17, 14:00 GMT
Type of Session: Webinar
Trading with Autochartist
Expert: Raghee Horner
Start: Tue, Mar 17, 15:00 GMT
Type of Session: Webinar
| Sponsored by | ||||
| Mon, Mar 16, 16:00 GMT | Weekly Webinar: 1st on Forex − The Week Ahead | Jerry Furst | WBN |  |
| Tue, Mar 17, 11:00 GMT | FX Instructor Live Trading Room  | Mark De La Paz | WBN |  |
| Tue, Mar 17, 12:00 GMT | US Pre−Market Open | Ed Ponsi | WBN |  |
| Tue, Mar 17, 13:30 GMT | US Session Open | Ed Ponsi | WBN | |
| Tue, Mar 17, 14:00 GMT | The Weather Report: Ichimoku Cloud Trading | Chris Capre | WBN | |
Current Session: U.S.
U.S. markets mixed, Euro and Pound turn down on weak U.S. Ind. Production
FXstreet.com − Wall Street has not followed the firm pace seen in Europe and Asia, and while the Dow Jones Index advances 0.92% and the S&P gains 1.12%, the Nasdaq Technological Index falls 0.41%, after a positive start. Euro rally from 1.2835 low in Asian session has reached its top at 1.3070 resistance level and the Pound was rejected at 1.4230 resistance level (Mar 5 high).
.
GBP reaches as far as 1.4230 (200 EMA in 4 hours chart) by FXstreet.com Independent Analyst Team
Loosing quickly ground with enough volume in the movement, momentum is turning flat while CCI is ready to break the 0.00 line, which will bring more bearish to the pair. 200 EMA remains flat, should turn to give further clues.
EUR/USD
U.S. Update: Risk aversion dilutes by FXstreet.com Independent Analyst Team
Risk aversion dilutes early in the European session, with Euro and Gbp the overall winners. Cable has reach as far as 1.4230 before coming back, while Euro spent most of the European session and keeps well bid above the 1.3000 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
Germany ZEW SURVEY − ECONOMIC SENTIMENT
| Date (GMT) | Event | Cons. | Previous | |
| Mar 17 | 10:00 | ZEW Survey − Economic Sentiment | -7.8 | -5.8 |
Trading News Report - EUR/USD: Trading the German ZEW Investor Confidence Survey by FXCM
The German ZEW investor confidence survey is expected to fall to −6.5 in March from −5.8% in the previous month as market participants expect Europe's largest economy to face its worst recession since World War II, and the outlook for growth and inflation remains bleak as the European Union fails to allocate resources to stem the economic slump in Central and Eastern Europe.
[ Full Story ]Top Market Movers Review
US INDUSTRIAL PRODUCTION
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Mar 16 | 13:15 | Capacity Utilization | 70.9% | 71.1% | 71.9% |
| Mar 16 | 13:15 | Industrial Production (MoM) | -1.4% | -1.1% | -1.9% |
DATA SNAP: US Feb Industrial Production −1.4%; Cap Use 70.9% (Dow Jones)
U.S. industrial production dropped in February more than expected because of milder winter weather and a bad economy. Industrial production fell 1.4% in February compared with the prior month, the Federal Reserve said Monday.
[ Full Story ]- Read the Industrial Production data at the Fed
- U.S. markets mixed, Euro and Pound turn down on weak U.S. Ind. Production (FXstreet.com)
- US Industrial Production−STATS−Historical (Dow Jones)
- Table Of Data On US Industrial Production (Dow Jones)
Friday Notes - Industrial Production: Manufacturing is the epicenter of the recession by UniCredit Group
US NY EMPIRE STATE MANUFACTURING INDEX
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Mar 16 | 12:30 | NY Empire State Manufacturing Index | -38.23 | -32.00 | -34.65 |
NY Fed's Manufacturing Index hits Fresh Record Lows In March (Dow Jones)
Conditions for New York manufacturers deteriorated dramatically in March, while the outlook for the next six months remained subdued, according to the Federal Reserve Bank of New York's Empire Manufacturing Survey released Monday. The Empire State's business conditions index fell to a low of −38.23 in March from −34.65 in February, New York Fed said.
[ Full Story ]Economic Events
| Date (GMT) | Country | Event | Actual | Cons. | Previous | |
| Mar 16 | 13:15 | US | Capacity Utilization (Feb) | 70.9% | 71.1% | 71.9% |
| 13:15 | US | Industrial Production (MoM) (Feb) | -1.4% | -1.1% | -1.9% |
|
| 17:00 | US | NAHB Housing Market Index (Mar) | 9 | 9 | ||
| 23:50 | JP | Tertiary Industry Index (MoM) (Jan) | -0.5% | -1.6% | ||
| Mar 17 | 06:00 | JP | Machine Tool Orders (YoY) (Feb) | -84.1% | ||
| 06:45 | CH | SECO Economic Forecasts (Mar) | ||||
| 08:15 | CH | Industrial Production (QoQ) (4Q) | -0.1% | -5.2% | ||