Wednesday, Mar 18, 19:46 GMT
ASIA-PACIFIC Trading Newsletter
To Get Started
- 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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Live Sessions Schedule
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
| Sponsored by | ||||
| Thu, Mar 19, 13:00 GMT | MONTHLY WEBINAR: Part 1 − Trading Forex on a Daily Basis Using Daily Charts | James Chen | WBN |  |
| Thu, Mar 19, 15:00 GMT | MONTHLY WEBINAR: Part 2 − Using the Principles of Confluence to Trade Forex Effectively  | James Chen | WBN | |
| Fri, Mar 20, 09:00 GMT | Advanced APF Methods To Determine The Price Momentum | Sunil Mangwani | WBN |  |
| Fri, Mar 20, 10:00 GMT | Trading Break Out's And Other Market Views | Phil Newton | WBN |  |
| Fri, Mar 20, 12:00 GMT | US Pre−Market Open | Ed Ponsi | WBN | |
Current Session: U.S.
USD/JPY falls below 96.00 after Fed releases, test 96.65 support
FXstreet.com − The USD/JPY has fallen around 400 pips from the 98.33 to test the 95.65 support (March 12 low) after the Fed decision on leaves its interest rate unchanged and to buy treasuries and to increase the MBS program to 1.25 Trillion Dollars. Japanese yen is close to break the 95.50 zone, momentum is bearish, and if does, more selling pressure could be seen on the pair.
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GBP/USD jumped up to 1.4250 after Fed statement by FXstreet.com
The GBP/USD has some more clearer resistance levels from two weeks ago that should limit further gains by the Pound, and as we mentioned the weak unemployment data adds to a sense that the UK economy is still facing a deepening recession
Trading Signals
EUR/USD climbed up 300 pips after Fed decision by FXstreet.com
EUR/USD has risen quickly more than 330 pips in the first minutes after the Fed decision of leave unchanged its interest rate at 0.25%. The pair has climbed up from 1.3104 to 1.3436, fresh eight weeks high.
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 INDUSTRIAL PRODUCTION S.A.
| Date (GMT) | Event | Cons. | Previous | |
| Mar 19 | 10:00 | Industrial Production s.a. (MoM) | -1.5% | -2.6% |
EMU economic indicators - EMU industrial production (January): sharp decline by BHF−Bank
Italian industrial production could have continued decreasing in January, albeit at a slightly slower pace, because the correlated climate indicators also fell less significantly, or actually improved somewhat. However, EMU industrial production is likely to have declined more sharply in January than before.
[ Full Story ]Top Market Movers Review
US FED INTEREST RATE DECISION
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Mar 18 | 18:15 | Fed Interest Rate Decision | 0.25% | 0.25% | 0.25% |
Interest rates unchanged at 0.25%, Fed will buy Treasurys and more MBS (FXstreet.com)
The Federal Reserve's Monetary Policy Committee has decided to leave interest rates unchanged at 0.25% record low after their march's meeting, in a unanimously decision of 10−0 votes.
- Read the official statement at the Fed
- Forex: USD/JPY falls below 96.00 after Fed releases, test 96.65 support (FXstreet.com)
- Forex: GBP/USD jumped up to 1.4250 after Fed statement (FXstreet.com)
- Forex: EUR/USD climbed up 300 pips after Fed decision (FXstreet.com)
London Bullion Report - Precious metals drift in range, look to Fed for direction by The Bullion Desk
Trading News Report - EUR/USD: Trading the FOMC Interest Rate Decision by FXCM
Daily FX Market Commentary - Focus remains on the all−important FOMC meeting tomorrow by Danske Bank A/S
US CONSUMER PRICE INDEX
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Mar 18 | 12:30 | Consumer Price Index (MoM) | 0.4% | 0.3% | 0.3% |
| Mar 18 | 12:30 | Consumer Price Index Ex Food & Energy (MoM) | 0.2% | 0.1% | 0.2% |
| Mar 18 | 12:30 | Consumer Price Index Ex Food & Energy (YoY) | 1.8% | 1.7% | 1.7% |
| Mar 18 | 12:30 | Consumer Price Index (YoY) | 0.2% | 0.0% | 0.0% |
DATA SNAP: US Consumer Prices Rise; Reducing Deflation Odds (Dow Jones)
U.S. consumer prices increased for a second−straight month to start the year for everything from clothing and new cars to medical care, raising the odds that the U.S. will avoid a protracted deflationary spiral of falling prices and spending.
[ Full Story ]- Read the CPI data at Labor Department
- US Consumer Price Index−STATS−Historical −2− (Dow Jones)
- US Consumer Price Index−STATS−Historical (Dow Jones)
- Forex: GBP/USD rises on US data and recover ground from previous losses (FXstreet.com)
US economic indicators - Inflation data (February): PPI and CPI up somewhat on higher gasoline prices by BHF−Bank
Economic Events
| Date (GMT) | Country | Event | Actual | Cons. | Previous | |
| Mar 18 | 14:30 | US | EIA Crude Oil Stocks change | 2.0M | 1.2M | 0.7M |
| 18:15 | US | Fed Interest Rate Decision | 0.25% | 0.25% | 0.25% | |
| 23:50 | JP | All Industry Activity Index (MoM) (Jan) | -2.1% | -2.7% | ||
| Mar 19 | 00:30 | AU | New Motor Vehicle Sales (MoM) (Feb) | -1.1% | ||
| 00:30 | AU | New Motor Vehicle Sales (YoY) (Feb) | -16.9% | |||
| 07:15 | CH | Trade Balance (Feb) | 1.01B | 2.03B | ||
| 09:30 | UK | M4 Money Supply (MoM) (Feb)  | 1.4% | 2.5% | ||