Tuesday, Mar 24, 17:09 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
The Disciplined Trader: USD Indx is basing/consolidating − Which way will it break? by Pierre Charlebois
The $/Index has for several days now formed inside candles. Meaning price action high/lows, is less each day. This is a bit like a spring being wound up and when it gets too tight it will let go. The candles could be a forming triangle that usually gives way to a sudden thrust in the preceding direction and then a reversal.
Forex Trading Today: U.S. Equities Open Give Yen Travelers A Reprieve… But Not for Long by Tim Salem
FX Path: USD/JPY - Bullish Recovery by James Chen
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Live Sessions Schedule
FX Instructor Live Trading Room
Expert: Mark De La Paz
Start: Wed, Mar 25, 09:00 GMT
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Type of Session: Webinar
Trading Break Out's And Other Market Views
Expert: Phil Newton
Start: Wed, Mar 25, 10:00 GMT
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Type of Session: Webinar
| Sponsored by | ||||
| Tue, Mar 24, 17:00 GMT | Live Look at Today's Markets  | Derek Frey | WBN |  |
| Wed, Mar 25, 09:00 GMT | FX Instructor Live Trading Room | Mark De La Paz | WBN | |
| Wed, Mar 25, 10:00 GMT | Trading Break Out's And Other Market Views | Phil Newton | WBN | |
| Wed, Mar 25, 13:00 GMT | Main Fundamental theme in the Currency Market | John Kicklighter | WBN |  |
| Wed, Mar 25, 14:00 GMT | Economic and Technical View of the Currency Market | Rob Booker | WBN |  |
Current Session: U.S.
U.S. Update: High volatility triggered by major news
FXstreet.com − The pair remains bullish and holding just above the key 1.4660 zone (congestion zone formed by daily maximums and minimums). 4 hours charts also show 20 SMA clearly pointing up and price well bid above the 200 EMA that is slowly turning to the upside. Indicators are not clear in this time frame with RSI flat close to the overbought zone, and momentum slightly bullish.
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EUR/USD
U.S. markets down after yesterday's rally; Euro and Pound pick up by FXstreet.com
EUR/USD decline from 1.3680 intra day high has found support at 1.3500 during the U.S. trading session, and the pair has remained within the flat channel of the last four days.
USD/JPY
USD/JPY Daily Outlook − Temporary top has been formed at 98.58 by AceTrader
Dolar's retreat after meeting renewed selling at 98.41 suggests a temp. top has been formed at 98.58
and consolidation below there is in store with mild downside bias for correction twds 97.63
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 ABC/WASHINGTON POST CONSUMER CONFIDENCE
| Date (GMT) | Event | Cons. | Previous | |
| Mar 24 | 21:00 | ABC/Washington Post Consumer Confidence | - | -48 |
US economic indicators - Confidence expected to rise by BHF−Bank
The University of Michigan's (UMI) preliminary March consumer sentiment improved slightly to 56.6, but that was still 4.6 points below the level in January. As the latest ABC consumer sentiment went up again to –47 (the highest level so far in 2009), we expect UMI's final March consumer sentiment to rise marginally to 57.0.
[ Full Story ]- Read the Confidence data at Washington Post
Top Market Movers Review
US HOUSING PRICE INDEX
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Mar 24 | 14:00 | Housing Price Index (MoM) | 1.7% | -0.8% | -0.2% |
US Home Prices Up 1.7% In January From December − FHFA (Dow Jones)
A regulator says U.S. home prices rose in January, a favorable sign in the housing crisis. Prices climbed 1.7% on a seasonally adjusted basis in January from the prior month, according to the Federal Housing Finance Agency on Tuesday.
[ Full Story ]- US Housing Price Index rises 1.7% in Jan (FXstreet.com)
US RICHMOND FED MANUFACTURING INDEX
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Mar 24 | 14:00 | Richmond Fed Manufacturing Index | -20 | -52 | -51 |
Richmond Fed: March Manufacturing Index −20 Vs Feb −51 (Dow Jones)
Economic activity in the U.S. Federal Reserve Bank of Richmond's district contracted again in March. The bank said in a report Tuesday that its manufacturing index moved to −20 in March from −51 in February, while its manufacturers' shipments index moved to −15 from −56 in February.
[ Full Story ]- Read the Manufacturing Index data at Richmond Fed
- Richmond Fed Manufacturing Activity Surges in March (CEP News)
Economic Events
| Date (GMT) | Country | Event | Actual | Cons. | Previous | |
| Mar 24 | 14:00 | US | Housing Price Index (MoM) (Jan) | 1.7% | -0.8% | -0.2% |
| 14:00 | US | Richmond Fed Manufacturing Index (Mar) | -20 | -52 | -51 | |
| 21:00 | US | ABC/Washington Post Consumer Confidence (Mar 22) | -48 | |||
| 23:50 | JP | Adjusted Merchandise Trade Balance (Feb) | -¥0.29B | -¥364.90B | ||
| 23:50 | JP | Merchandise Trade Balance Total (Feb) | -¥20.0B | -¥956.9B |
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| Mar 25 | 00:00 | US | Barack Obama Speech | |||
| 01:00 | NZ | Westpac Consumer Confidence (1Q) | 101.3 | |||