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ASIA-PACIFIC Trading Newsletter

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WEBINAR VIDEOS: Low Risk Breakout Trading in Forex by Sam Seiden
All the events of the day in our Economic Calendar

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Forex Blogs

FX Path: USD/CAD − Sitting on Uptrend Support by Tim Salem

USD/CAD, a daily chart of which is shown, has descended from its quadruple test of the 1.3 price region to sit squarely on top of a key uptrend support line extending from the late September lows. The fact that price is stalling here lends significant additional validity to this particular trendline.

[ Full Story ]

FxBootcamp: FOREX Training Video - London Session March 17, 2009 by Christian Stephens

The Advisor Blog: Eur/Usd for today by Valeria Bednarik

Find other fellow traders to share your comments and market view in the FOREX CHAT

Live Sessions Schedule

FX Instructor Live Trading Room
Expert: Mark De La Paz
Start: Wed, Mar 18, 09:00 GMT
Sponsored by:
Type of Session: Webinar

Trading Break Out's And Other Market Views
Expert: Phil Newton
Start: Wed, Mar 18, 10:00 GMT
Sponsored by: Trading Strategies.info
Type of Session: Webinar

Sponsored by
Tue, Mar 17, 17:00 GMT	Live Look at Today's Markets	Derek Frey	WBN
Wed, Mar 18, 09:00 GMT	FX Instructor Live Trading Room	Mark De La Paz	WBN
Wed, Mar 18, 10:00 GMT	Trading Break Out's And Other Market Views	Phil Newton	WBN
Wed, Mar 18, 12:00 GMT	US Pre−Market Open	Ed Ponsi	WBN
Wed, Mar 18, 13:00 GMT	Main Fundamental theme in the Currency market	Terri Belkas	WBN

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Current Session: U.S.

USD/JPY is testing the 99.00 mid term resistance

FXstreet.com − After the 4 days rally from the 95.64 (three weeks low) to the 98.97 (intraweek high) the USD/JPY is testing again the 99.00 resistance. Since Feb 25, the USD/JPY has been traded between the 96.80 and 99.00 flat channel, but the last four days the USD/JPY has risen 333 to post new intraweek high at 98.97.

[ Full Story ]

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Intraday Forex Technical Report − GBP/USD unable to hold yesterday's gains by FXstreet.com Independent Analyst Team

The pair was unable to hold yesterday's gains and just break under the 1.4000 zone 200 EMA in the hourly, and 20 SMA in 4 hours charts. Indicators are pointing for further downside continuation, yet today's low at 1.3960 will be the first mayor support to consider

[ Full Story ]

Dollar

Waiting game for tomorrow's FOMC announcement continues by Saxo Bank

Most currencies continue to trade in ranges ahead of the FOMC announcement tomorrow evening. It seems that any pair that has breached a key level has then shied away from a bigger directional move and then retraced its steps.

[ Full Story ]

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

UK JOBLESS CLAIMS CHANGE

Date (GMT)		Event	Cons.	Previous
Mar 18	09:30	ILO Unemployment Rate (3M)	6.5%	6.3%
Mar 18	09:30	Average Earnings including Bonus (3Mo/Yr)	3.0%	3.2%
Mar 18	09:30	Average Earnings excluding Bonus (3Mo/Yr)	-	3.6%
Mar 18	09:30	Jobless Claims Change	84.8K	73.0K
Mar 18	09:30	Claimant Count Rate	4.0%	3.8%

Trading News Report - GBP/USD: Trading the U.K. Jobless Claims Change Report by FXCM

The British pound is likely to face increased selling pressure over the week as economists forecast jobless claims in the U.K. to rise another 84.8K in February, and the labor market is likely to weaken further throughout the year as Europe's second largest economy is expected to face its worst recession since World War II.

[ Full Story ]

Top Market Movers Review

US PRODUCER PRICE INDEX

Date (GMT)		Event	Actual	Cons.	Previous
Mar 17	12:30	Producer Price Index ex Food & Energy (YoY)	4.0%	3.8%	4.2%
Mar 17	12:30	Producer Price Index (MoM)	0.1%	0.3%	0.8%
Mar 17	12:30	Producer Price Index ex Food & Energy (MoM)	0.2%	0.1%	0.4%
Mar 17	12:30	Producer Price Index (YoY)	-1.3%	-1.4%	1.0%

DATA SNAP:US PPI Up 2nd−Straight Month; Easing Deflation Risk (Dow Jones)

U.S. producer prices rose for a second−straight month in February, easing worries somewhat about the risk of protracted, economy−wide price declines known as deflation.

[ Full Story ]

Table Of US PPI Data From Labor Department (Dow Jones)
U.S. Core Producer Prices Rise More than Forecasts (CEP News)
US Producer Price Index rises 0.1% in Feb, −1.3% YoY (FXstreet.com)

US economic indicators - PPI and core CPI may have increased slightly by 0.1% mom at most by BHF−Bank

US HOUSING STARTS

Date (GMT)		Event	Actual	Cons.	Previous
Mar 17	12:30	Housing Starts (YoY)	0.583M	0.450M	0.470M
Mar 17	12:30	Building Permits (MoM)	0.547M	0.500M	0.520M

DATA SNAP: US Feb Housing Starts Unexpectedly Surge (Dow Jones)

Home construction unexpectedly surged in February, rebounding somewhat from seven consecutive declines as apartments soared and single−family housing rose weakly. Housing starts increased 22.2% to a seasonally adjusted 583,000 annual rate compared to the prior month, after plunging 14.5% in January to 477,000.

[ Full Story ]

Table Of Data On Housing Starts From Commerce (Dow Jones)
US Building Permits increase 3.0% to 0.547M in Feb (FXstreet.com)
US Housing Starts increase 22.2% to 0.583M in Feb (FXstreet.com)

Economic Events

Date (GMT)		Country	Event	Actual	Cons.	Previous
Mar 17	12:30	CA	Manufacturing Shipments (MoM) (Jan)	-5.4%	-5.7%	-8.2%
	12:30	US	Producer Price Index ex Food & Energy (YoY) (Feb)	4.0%	3.8%	4.2%
	23:30	AU	Westpac Leading Index (MoM) (Jan)			-0.4%
Mar 18	04:00	JP	BoJ Interest Rate Decision		0.1%	0.1%
	05:00	JP	Coincident Index (Jan)			92.4%
	05:00	JP	Leading Economic Index (Jan)			79.4
	08:15	CH	Adjusted Real Retail Sales (YoY) (Jan)		1.8%	3.6%

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