Monday, Mar 23, 17:06 GMT
ASIA-PACIFIC Trading Newsletter
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- 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: USD/CHF − Consolidation/Retracement After Plunge by James Chen
After the 700+ pip plummet last week, price action on USD/CHF as of Monday morning has entered into what currently appears to be a lower volatility consolidation with indications of a potential bullish retracement.
The Advisor Blog: Eur/Usd for today by Valeria Bednarik
CEO's Weblog: FXstreet Forex News jump to 13,000 views/day by Francesc Riverola
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Live Sessions Schedule
Using Fibonacci ratios to manage your trades efficiently
Expert: Sunil Mangwani
Start: Tue, Mar 24, 09:00 GMT
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Type of Session: Webinar
The Weather Report: Ichimoku Cloud Trading
Expert: Chris Capre
Start: Tue, Mar 24, 14:00 GMT
Type of Session: Webinar
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| Mon, Mar 23, 16:00 GMT | Weekly Webinar: 1st on Forex − The Week Ahead | Jerry Furst | WBN |  |
| Tue, Mar 24, 09:00 GMT | Using Fibonacci ratios to manage your trades efficiently | Sunil Mangwani | WBN | |
| Tue, Mar 24, 11:00 GMT | FX Instructor Live Trading Room  | Mark De La Paz | WBN |  |
| Tue, Mar 24, 14:00 GMT | The Weather Report: Ichimoku Cloud Trading | Chris Capre | WBN |  |
| Tue, Mar 24, 15:00 GMT | Trading with Autochartist | Raghee Horner | WBN | |
Current Session: U.S.
Euro is back above 1.3550 after finds support at 1.3484
FXstreet.com − The Euro has found support at 1.3484, in the early American session, after falls from the 1.3737 strong resistance. Currently, the pair is trading around the 1.3550/70. The pair has been rejected three times by the 1.3737 resistance (March 19, 20 and 23 high), last one was today's high and the EUR/USD fell around 250 pips from the 1.3737 to the 1.3484, today's minimum.
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GBP/USD
Currency Majors Technical Perspective − The GBP/USD remains slightly bullish by FXstreet.com Independent Analyst Team
Low volume in the pair pre American opening, the pair remains slightly bullish in the hourly, supported by an ascendant trend line and the 20 SMA. Momentum is giving some bearish divergences that can send the pair to test the mentioned line. Need to see a clear detach of the 1.4550/1.4630 zone for further rallies.
Dollar
U.S. Update: Correction extends favoring greenback by FXstreet.com Independent Analyst Team
Finally, the U.S announced the financing plan, aimed to purchase toxic assets and help the financial system that, in the Treasury words, is "still working against recovery." The Public−Private Investment Program will use $75 billion to $100 billion from the $700 billion Troubled Asset Relief Program enacted last year, giving the government "purchasing power" of $500 billion, and the program may double "over time.
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 PURCHASING MANAGER INDEX MANUFACTURING
| Date (GMT) | Event | Cons. | Previous | |
| Mar 24 | 09:00 | Purchasing Manager Index Manufacturing | 33.5 | 33.5 |
| Mar 24 | 09:00 | Purchasing Manager Index Services | 39.2 | 39.2 |
EMU economic indicators - PMI manufacturing indices Germany and EMU (March): down by BHF−Bank
All in all, the Purchasing Managers' Indices for the German and EMU manufacturing sector are expected to have deteriorated in March. In the same period, French consumer confidence might have remained unchanged at least.
[ Full Story ]Top Market Movers Review
US EXISTING HOME SALES
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Mar 23 | 14:00 | Existing Home Sales | 4.72M | 4.45M | 4.49M |
| Mar 23 | 14:00 | Existing Home Sales (MoM) | 5.1% | -0.9% | -5.3% |
US Feb Existing Home Sales Up 5.1% To 4.72 Mln Rate (Dow Jones)
Existing−home sales rebounded in February, climbing above expectations, but prices plunged again. Home resales climbed to a 4.72 million annual rate, a 5.1% increase from January's unrevised 4.49 million annual pace, the National Association of Realtors said Monday.
[ Full Story ]- US Existing Home Sales−STATS (Dow Jones)
- UPDATE: Existing Home Sales Jump In February By Most In 5 Yrs (Dow Jones)
- Table of Data On Existing US Home Sales (Dow Jones)
The Week Ahead - Existing and New Home Sales by BBVA Bancomer
Thoughts from the Frontline - Solving the Housing Crisis by Millennium Wave Investments
Friday Notes - Existing Home Sales: Severely depressed prices attract some buyers by UniCredit Group
Canada LEADING INDICATORS
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Mar 23 | 12:30 | Leading Indicators (MoM) | -1.1% | -0.9% | -0.8% |
Forex: USD/CAD rises on worse than expected Canadian leading indicators (FXstreet.com)
The USD has risen around 30 pips against the CAD in the first minutes after the Canadian leading indicators data release, from the 1.2320 to 1.2350. Currently, the pair is trading around 1.2330/50.
[ Full Story ]- Read the Leading Indicators data at Statistics Canada
- Canada Feb Leading Indicators fall 1.1%, more than expected (FXstreet.com)
Economic Events
| Date (GMT) | Country | Event | Actual | Cons. | Previous | |
| Mar 23 | 14:00 | US | Existing Home Sales (Feb) | 4.72M | 4.45M | 4.49M |
| 14:00 | US | Existing Home Sales (MoM) (Feb) | 5.1% | -0.9% | -5.3% | |
| 22:00 | US | Treasury's Geithner Speech | ||||
| 23:50 | JP | BoJ Minutes | ||||
| Mar 24 | 07:00 | DE | Purchasing Manager Index Manufacturing (Mar) | 32.1 | 32.1 | |
| 08:00 | DE | Purchasing Manager Index Services (Mar) | 41.2 | 41.3 | ||
| 09:00 | EMU | Current Account n.s.a (Jan) | 1.4B | |||