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ASIA-PACIFIC Trading Newsletter
To Get Started
- WEBINAR VIDEOS: Trading Forex on a Daily Basis Using Daily Charts by James Chen
- All the events of the day in our Economic Calendar
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Forex Blogs
Trading for a living: Geithner technical reaction by David Aranzabal
1m in Eur and Cable: 0.78 % Retracement after the initial peak. Price now consolidating. The fundamental bias is Up but we have to check the S/R levels. Your stop distance must be below 1,3440 in Eur and 1,4560 in cable, so decrease please your contract size.
FX Path: Potential Flags/Pennants on USD/CHF and EUR/USD by James Chen
The Disciplined Trader: USD/Indx apears to be forming a triangleby Pierre Charlebois
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Live Sessions Schedule
Watch Live Coverage of the US GDP
Expert: Jerry Furst
Start: Thu, Mar 26, 11:30 GMT
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Type of Session: Webinar
How to Get Started Trading Forex
Expert: Mark Whistler
Start: Thu, Mar 26, 15:00 GMT
Type of Session: Webinar
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| Wed, Mar 25, 17:00 GMT | Live Look at Today's Markets | Derek Frey | WBN |  |
| Thu, Mar 26, 09:00 GMT | Trading the Sunday Gap in Forex  | Sam Seiden | WBN |  |
| Thu, Mar 26, 11:30 GMT | Watch Live Coverage of the US GDP | Jerry Furst | WBN | |
| Thu, Mar 26, 14:00 GMT | Fibonacci − from novice to advanced techniques | Adam Rosen | WBN | |
| Thu, Mar 26, 15:00 GMT | How to Get Started Trading Forex | Mark Whistler | WBN | |
Current Session: U.S.
Dollar shakes on Geither's comments of a new global reserve currency
FXstreet.com − The Dollar has shaken strongly across the board after the U.S. Treasury Secretary, Timothy Geithner, affirmed he was open to consider China's idea of moving towards an Special Drawing Right (SDR) linked currency system. The USD has reached new session low against JPY, EUR and GBP, against CHF, the Dollar has reached the 1.1165 important support.
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Currencies
Euro and Gbp Update by FXstreet.com Independent Analyst Team
Market after Timothy Geithner statement spike has left dollar week against major rivals, including Japanese Yen. Both currencies are still under selling pressure, and far from following stocks like past days.
EUR/USD
The pair is still bearish both in 4 and 1 hour charts by FXstreet.com Independent Analyst Team
Fighting the 20 SMA that is turning to the downside, indicators suggest further fall for the pair after failure to regain the 1.3530 zone. Clear break under 1.3460 will trigger more selling pressure.
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 M3
| Date (GMT) | Event | Cons. | Previous | |
| Mar 26 | 09:00 | M3 (YoY) | 5.5% | 5.9% |
EMU economic indicators - M3 growth (February): subdued by BHF−Bank
EMU money supply M3 fell by €75bn in January, the steepest decline on record. The decline is partly due to a shift of funds out of the interest bearing components of M3 into longer term bank liabilities. However, special factors (turn of the year) might have played a role, too.
[ Full Story ]Top Market Movers Review
US NEW HOME SALES
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Mar 25 | 14:00 | New Home Sales | 337K | 300K | 322K |
| Mar 25 | 14:00 | New Home Sales (MoM) | 4.7% | -2.9% | -10.2% |
DATA SNAP: US Feb New Home Sales Unexpetedly Climb (Dow Jones)
New−home sales climbed for the first time in seven months during February, another favorable sign for the housing sector, but the data also showed prices tumbled. Sales of single−family homes increased by 4.7% to a seasonally adjusted annual rate of 337,000, the Commerce Department said Wednesday.
[ Full Story ]- Read the New Home Sales data at Census Bureau
- UPDATE: US Home Sales, Durables Climb Unexpectedly In Feb (Dow Jones)
- US Housing Starts/Building −2− (Dow Jones)
- US ECONOMIC INDICATORS: Housing Data, Latest 6 Months (Dow Jones)
Daily Global Commentary - Home Prices – Meaningful Turnaround? by Northern Trust
US economic indicators - New Home Sales will have fallen slightly by BHF−Bank
US DURABLE GOODS ORDERS
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Mar 25 | 12:30 | Durable Goods Orders | 3.4% | -2.2% | -4.5% |
| Mar 25 | 12:30 | Durable Goods Orders ex Transportation | 3.9% | -2.2% | -3.0% |
DATA SNAP: US Feb Durable Goods Unexpectedly Rise (Dow Jones)
Durable goods orders unexpectedly climbed during February, but demand in the prior month was revised down deeply, an adjustment countering the idea of a rebound in the slumping manufacturing sector.
[ Full Story ]- Read the Durable Goods Orders data at Census Bureau
- US Durable Goods−STATS−Historical (Dow Jones)
- Forex: USD/CAD fights the 1.2300 level on the better than expected durable good orders (FXstreet.com)
- US Durable Goods Orders rise 3.4% in Feb, much better than expected (FXstreet.com)
Trading News Report - EUR/USD: Trading the US Durable Goods Orders Report by FXCM
US economic indicators - Durable goods orders (Feb): ongoing sharp declines since August by BHF−Bank
Economic Events
| Date (GMT) | Country | Event | Actual | Cons. | Previous | |
| Mar 25 | 14:00 | US | New Home Sales (MoM) (Feb) | 4.7% | -2.9% | -10.2% |
| 14:30 | US | EIA Crude Oil Stocks change | 3.3M | 1.2M | 2.0M | |
| 21:45 | NZ | Current Account (4Q) | -4.00B | -5.99B | ||
| 23:50 | JP | Corporate Service Price (YoY) (Feb) | -2.5% | -2.2% | ||
| Mar 26 | 07:00 | UK | Nationwide Housing Prices n.s.a (YoY) (Mar) | -18.1% | -17.6% | |
| 07:00 | UK | Nationwide Housing Prices s.a (MoM) (Mar) | -1.5% | -1.8% | ||
| 07:10 | DE | Gfk Consumer Confidence Survey (Apr) | 2.5 | 2.6 | ||