Friday, Mar 20, 16:59 GMT
ASIA-PACIFIC Trading Newsletter
To Get Started
- WEBINAR VIDEOS: Trading Plans - Rules for a Short Term Trader by Steve Misic
- All the events of the day in our Economic Calendar
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Forex Blogs
FX Path: EUR/USD − Pause in Dramatic Bullish Run by James Chen
Remarkably bullish price action in the last two days on EUR/USD, a daily chart of which is shown, has extended its reach all the way up to a key downtrend resistance line extending from the second test of the 1.6 record high.
CEO's Weblog: Former Nomura Bank & Credit Suisse Carol Harmen Daily Analysis now @ FXstreet by Francesc Riverola
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
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Live Sessions Schedule
Understand & Use Fibonacci Ratios Effectively
Expert: Sunil Mangwani
Start: Mon, Mar 23, 09:00 GMT
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Type of Session: Webinar
Derek Frey's Outlook
Expert: Derek Frey
Start: Mon, Mar 23, 14:00 GMT
Sponsored by: 
Type of Session: Webinar
| Sponsored by | ||||
| Mon, Mar 23, 09:00 GMT | Understand & Use Fibonacci Ratios Effectively | Sunil Mangwani | WBN | |
| Mon, Mar 23, 11:00 GMT | Choosing the right broker  | Valeria Bednarik | WBN |  |
| Mon, Mar 23, 14:00 GMT | Derek Frey's Outlook | Derek Frey | WBN | |
| Mon, Mar 23, 15:00 GMT | Advanced Methods for Finding Dominant Trends in Forex Markets | Mark Whistler | WBN | |
| Mon, Mar 23, 16:00 GMT | Weekly Webinar: 1st on Forex − The Week Ahead | Jerry Furst | WBN |  |
Current Session: U.S.
FXstreet.com − USD/JPY would rise further after the start of the new fiscal year on April. Nikkei Ave is still struggling at a low level though, USD/JPY 100 level could be seen in the mid term
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Dollar
U.S. Update: Still range consolidation by FXstreet.com Independent Analyst Team
Corrective dollar strength has been supported by Euro zone industrial production that dropped by the most on record in January as the deepest global recession in more than six decades forced companies to cut output and curb investments
GBP/USD
Important support at 1.4400 zone by FXstreet.com Independent Analyst Team
The pair seems to have found an important support at 1.4400 zone, with indicators changing bias in the hourly. Low volume keeps the pair moving sideways after a correction from the 1.4597 highs. 20 SMA is clearly turning, while break of 1.4370 zone is needed to see the pair gain bearish momentum.
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
US EXISTING HOME SALES
| Date (GMT) | Event | Cons. | Previous | |
| Mar 23 | 14:00 | Existing Home Sales | 4.45M | 4.49M |
| Mar 23 | 14:00 | Existing Home Sales (MoM) | -0.9% | -5.3% |
Friday Notes - Existing Home Sales: Severely depressed prices attract some buyers by UniCredit Group
Sales are up in the West, where prices have fallen the most and foreclosures create juicy buying opportunities for families and speculators alike. In most of the country, however, they are still declining. The two forces offset one another, so overall existing home sales probably were about unchanged last month.
[ Full Story ]Top Market Movers Review
Canada RETAIL SALES
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Mar 20 | 12:30 | Retail Sales ex Autos (MoM) | 1.3% | - | -3.1% |
| Mar 20 | 12:30 | Retail Sales (MoM) | 1.9% | 0.8% | -5.2% |
Forex: CAD rises against USD on better than expected Canadian retail sales (FXstreet.com)
USD/CAD has fallen around 100 pips after the Canadian retails sales data, from 1.2412 to 1.2316. Since the beginning of the European session, USD/CAD has been traded between the 1.2400/1.2300 range. Currently, USD/CAD is trading around 1.2360/80. Next support would be 1.2300, below there, 1.2222 and 1.2200. On the upside, 1.2400 will be resistance.
[ Full Story ]- Read the Retail Sales data at Statistics Canada
- Canadian Retail Sales rise 1.9% in Jan from −5.4% (FXstreet.com)
- Friday's Events: Fed's Bernanke; Canadian Retail Sales (CEP News)
Daily Market Briefing - Canadian Dollar Could Pull Back on Retail Sales Data on Friday by FXCM
Trading News Report - USD/CAD: Trading the Canadian Retail Sales Report by FXCM
Economic Events
| Date (GMT) | Country | Event | Actual | Cons. | Previous | |
| Mar 20 | 00:00 | JP | Vernal Equinox Bank Holiday | |||
| 16:00 | US | Fed's Bernanke Speech | ||||
| Mar 22 | 23:50 | JP | BoJ Minutes | |||
| Mar 23 | 07:00 | UK | Nationwide Housing Prices n.s.a (YoY) (Mar) | -17.6% | ||
| 07:00 | UK | Nationwide Housing Prices s.a (MoM) (Mar) | -1.8% | |||
| 10:00 | EMU | Construction Output s.a (MoM) (Jan) | 0.1% | |||
| 10:00 | EMU | Construction Output w.d.a (YoY) (Jan) | -10.1% | |||