Thursday, Mar 19, 17:01 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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Forex Blogs
The Advisor Blog: USD/CAD by Valeria Bednarik
With the general negative sentiment against greenback and oil above 50.00 dollars el barrel, Cad continues appreciating sending USD /CAD has just tested the 1.2230 zone. Indicators remain pointing to the downside, the pair could attempt to test the daily ascendant trend line around 1.2100 despite the oversold state 4 hours charts shown.
Forex Trading Today: EUR/USD and GBP/USD Continue On as Quantitative Easing Enters the Markets by Tim Salem
Trading for a Living: EUR and Cable breaking levels very strongly by David Aranzabal
Find other fellow traders to share your comments and market view in the FOREX CHAT
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Live Sessions Schedule
Trading Break Out's And Other Market Views
Expert: Phil Newton
Start: Fri, Mar 20, 10:00 GMT
Sponsored by: 
Type of Session: Webinar
Looking for breakout trades
Expert: Adam Rosen
Start: Fri, Mar 20, 14:00 GMT
Type of Session: Webinar
| Sponsored by | ||||
| 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 |  |
| Fri, Mar 20, 13:00 GMT | FX Market Pulse | Raghee Horner | WBN | |
| Fri, Mar 20, 13:30 GMT | US Session Open | Ed Ponsi | WBN | |
Current Session: U.S.
U.S. markets swing to losses, historical collapse for the Dollar
FXstreet.com −U.S markets have swung into negative territory after fluctuatuiion between gains and losses in the first hours of trading, while the USD has posted one of the largest 24−hours declines ever seen. The Dollar has collapsed across the board against all majors; USD/JPY has given away almost 500 pips so far in 24 hours, EUR/USD has rallied from levels around 1.3000 yesterday to test 1.3750 resistance level.
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Dollar
U.S. Update: Dollar Massive Sell off by FXstreet.com Independent Analyst Team
Dollar continues hitting multi−week lows versus Euro and Yen, and falling against other rivals, still suffering in Europe Thursday from the U.S. Federal Reserve's decision Wednesday to undertake a massive quantitative easing exercise
EUR/USD
EUR/USD: Downside rallies will be consider corrections by FXstreet.com Independent Analyst Team
Bullish yet over bought, the pair is fighting at actual levels the daily 200 EMA. Hourly candles are giving signs of exhaustion and a provable reversal correction while RSI is way overbought. 20 SMA is clearly bullish and price remains above larger 60 and 200 EMA.
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 20 | 10:00 | Industrial Production w.d.a. (YoY) | -13.4% | -12.0% |
| Mar 20 | 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 LEADING INDICATORS
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Mar 19 | 14:00 | Leading Indicators (MoM) | -0.4% | -0.6% | 0.4% |
US Conference Board: Feb Leading Index −0.4% (Dow Jones)
An index that seeks to describe where the economy's heading showed more weakness in February, suggesting a recovery remains sometime off.
[ Full Story ]- Read the Leading Indicators data at the Conference Board
- US Conference Board: Feb Leading Index −0.4% (Dow Jones)
- US Leading Indicators decrease 0.4% in Feb (FXstreet.com)
US economic indicators - Leading indicators (February): sharp setback after two consecutive increases by BHF−Bank
US INITIAL JOBLESS CLAIMS
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Mar 19 | 12:30 | Continuing Jobless Claims | 5473K | 5323K | - |
| Mar 19 | 12:30 | Initial Jobless Claims | 646K | 655K | 654K |
US Jobless Claims −12K To 646K In Mar 14 Week; Survey +3K (Dow Jones)
New U.S. claims for state unemployment benefits unexpectedly fell last week but remained at a very high level consistent with more sharp declines in employment.
[ Full Story ]- Read the Jobless Claims data at Labor Department
- UPDATE: Jobless Claims Fall, But Still Point To Steep Job Loss (Dow Jones)
- Initial jobless Claims Fall While Continuing Claims Surge Higher (CEP News)
- DJ Table Of US Initial, Continuing Claims (Dow Jones)
Economic Events
| Date (GMT) | Country | Event | Actual | Cons. | Previous | |
| Mar 19 | 14:00 | US | Leading Indicators (MoM) (Feb) | -0.4% | -0.6% | 0.4% |
| 14:00 | US | Philadelphia Fed Manufacturing Survey (Mar) | -35.0 | -39.0 | -41.3 | |
| Mar 20 | 00:00 | JP | Vernal Equinox Bank Holiday | |||
| 07:00 | DE | Producer Price Index (MoM) (Feb) | -0.2% | -1.2% | ||
| 07:00 | DE | Producer Price Index (YoY) (Feb) | 1.3% | 2.0% | ||
| 10:00 | EMU | Construction Output s.a (MoM) (Jan) | 0.1% | |||
| 10:00 | EMU | Construction Output w.d.a (YoY) (Jan) | -10.1% | |||