Thursday, Mar 26, 17:03 GMT
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: U.S. GDP Weakest in 26 Years, Jobless Rolls at Record Highs by David Aranzabal
The smaller than expected downward revision to fourth quarter GDP growth led to a short lived rally in the U.S. dollar. Despite the doom and gloom outlook by some economists and the pessimistic feel on Main Street, recent economic data has not been as weak as everyone expected.
Forex Trading Today: U.S. GDP and Jobless Claims Clip Recent Dollar Strength by Tim Salem
The Advisor Blog: Gbp/Usd update by Valeria Bednarik
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Live Sessions Schedule
Outlook for the major currencies this week
Expert: Ian Copsey
Start: Fri, Mar 27, 08:00 GMT
Type of Session: Webinar
Tracking the forex market together / Part I
Expert: Dr.S.Sivaraman
Start: Fri, Mar 27, 10:00 GMT
Type of Session: Webinar
| Sponsored by | ||||
| Thu, Mar 26, 16:00 GMT | Multiple time−frame trading with Bollinger Bands | Lea Peters | WBN |  |
| Thu, Mar 26, 17:00 GMT | Live Look at Today's Markets | Derek Frey | WBN |  |
| Fri, Mar 27, 08:00 GMT | Outlook for the major currencies this week | Ian Copsey | WBN | |
| Fri, Mar 27, 09:00 GMT | Advanced APF Methods To Determine The Price Momentum  | Sunil Mangwani | WBN |  |
| Fri, Mar 27, 10:00 GMT | Tracking the forex market together / Part I | Dr.S.Sivaraman | WBN | |
Current Session: U.S.
GBP/USD fights the 1.4500 level after rebounding from 1.4470
FXstreet.com − After it found support at 1.4470, today's low, the GBP/USD has risen around 45 pips to 1.4516. currently the pair is trading around 1.4495/1.4505. GBP/USD, recent 4 hours candle opening continues confirming selling pressure in the pair, after breaking yesterday's low of 1.4512.
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Dollar
U.S. Update − Employment and GDP record lows by FXstreet.com Independent Analyst Team
Again, rising unemployment and deepening recession signs come all across from the fundamental side. German consumer confidence declined for the first time in seven months declining to 2.4, after previous month 2.6.
Currencies
Currency Majors Technical Perspective − USD/JPY continues pushing higher by FXstreet.com Independent Analyst Team
The pair continues pushing higher, but the rally was halted by the strong zone around 98.50, where we have previous daily highs and a 4 hours descendant trend line. CCI remains bullish, while 20 SMA is slowly turning to the upside. 200 EMA remains flat.
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
Germany CONSUMER PRICE INDEX
| Date (GMT) | Event | Cons. | Previous | |
| Mar 27 | 07:00 | Consumer Price Index (MoM) | 0.1% | 0.6% |
| Mar 27 | 07:00 | Consumer Price Index (YoY) | 0.7% | 1.0% |
EMU economic indicators - German CPI (March): retreating to 0.6% yoy by BHF−Bank
The preliminary results for national German CPI for March are due to be released on Friday at the latest. We expect German consumer prices to have remained unchanged month−on−month; the annual rate would fall to 0.6%.
[ Full Story ]Top Market Movers Review
US INITIAL JOBLESS CLAIMS
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Mar 26 | 12:30 | Continuing Jobless Claims | 5560K | 5458K | 5438K |
| Mar 26 | 12:30 | Initial Jobless Claims | 625K | 650K | 644K |
US Jobless Claims +8K To 652K In Mar 21 Week; Survey +9K (Dow Jones)
New U.S. claims for state unemployment benefits rose as expected last week while total claims soared to a record high over 5.5 million, suggesting the economy continues to shed jobs at a rapid clip.
[ Full Story ]- Read the Jobless Claims data at Labor Department
- DJ Table Of US Initial, Continuing Claims (Dow Jones)
- Thursday's Events: U.S. Final Q4 GDP, Jobless Claims and Fed Speakers (CEP News)
US GROSS DOMESTIC PRODUCT ANNUALIZED
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Mar 26 | 12:30 | Gross Domestic Purchases Price Index | 0.5% | 0.5% | 4.5% |
| Mar 26 | 12:30 | Gross Domestic Product Annualized | -6.3% | -6.6% | -0.5% |
DATA SNAP: US Economy in 4Q Weaker Than Believed (Dow Jones)
The U.S. economy was weaker at the end of 2008 than previously believed, falling by the most in 26 years, while corporate profits lost more than a quarter of their value. Gross domestic product fell at a 6.3% annual rate October through December, the Commerce Department said Thursday.
[ Full Story ]- Read the GDP data at Commerce Department
- US GDP/Corporate Profits−STATS−Historical (Dow Jones)
- US Annualized GDP falls 6.3% in 4Q (FXstreet.com)
- Percent Changes Of GDP Components (Dow Jones)
Trading News Report - EUR/USD: Trading the U.S. 4Q GDP Report by FXCM
US Regional Watch - Forecasting GDP with BBVA Compass State Monthly Activity Indexes by BBVA Bancomer
US economic indicators - GDP (Q4 final): second downward revision by BHF−Bank
Economic Events
| Date (GMT) | Country | Event | Actual | Cons. | Previous | |
| Mar 26 | 12:30 | US | Continuing Jobless Claims (Mar 14) | 5560K | 5458K | 5438K |
| 14:00 | US | Treasury's Geithner Speech | ||||
| 21:45 | NZ | Gross Domestic Product (QoQ) (4Q) | -1.1% | -0.4% | ||
| 21:45 | NZ | Trade Balance (Feb) | 75M | -187M | ||
| 23:30 | JP | National Consumer Price Index (YoY) (Feb) | -0.1% | 0.0% | ||
| 23:30 | JP | National CPI Ex Food, Energy (YoY) (Feb) | -0.2% | -0.2% | ||
| 23:30 | JP | National CPI Ex−Fresh Food (YoY) (Feb) | 0.0% | 0.2% | ||