Friday, Mar 27, 17:26 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
FX Path: Point and Figure Charting in Forex by James Chen
Just some thoughts on point & figure (p&f) charting in the forex market. Some may characterize point & figure charting as trading based upon pure price action. This is because only price, which is undeniably the most important aspect of technical analysis, is customarily included on this type of chart (in the form of X's and O's).
The Advisor Blog: Major turn in market Gbp/Usd by Valeria Bednarik
FX Market Readings: Extended downward move before the extended upward move by Dr. S. Sivaraman
Find other fellow traders to share your comments and market view in the FOREX FORUM
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Live Sessions Schedule
Understand & Use Fibonacci Ratios Effectively
Expert: Sunil Mangwani
Start: Mon, Mar 30, 09:00 GMT
Sponsored by: 
Type of Session: Webinar
Derek Frey's Outlook
Expert: Derek Frey
Start: Mon, Mar 30, 14:00 GMT
Sponsored by: 
Type of Session: Webinar
| Sponsored by | ||||
| Mon, Mar 30, 09:00 GMT | Understand & Use Fibonacci Ratios Effectively | Sunil Mangwani | WBN | |
| Mon, Mar 30, 12:00 GMT | US Pre−Market Open  | Ed Ponsi | WBN |  |
| Mon, Mar 30, 13:30 GMT | US Session Open | Ed Ponsi | WBN | |
| Mon, Mar 30, 14:00 GMT | Derek Frey's Outlook | Derek Frey | WBN | |
| Mon, Mar 30, 15:00 GMT | Advanced Methods for Finding Dominant Trends in Forex Markets | Mark Whistler | WBN | |
Current Session: U.S.
Wall Street is clossing with losses a positive week, USD slowdown its rally
FXstreet.com − US stock markets are posting losses today's Friday session after a positive week. Wall Street are risen 8,0% since Monday, but today's losses could reduce weekly gains. Dow Jones are falling 1.20% today's session, Nasdaq 100 are posting 1.24% decreases and S&P 500 has fallen 1.12% in the American session.
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EUR/USD
Currency Majors Technical Perspective − EUR/USD: Bullish dollar momentum across the board
Bullish dollar momentum across the board, send Euro under 1.3300. Hourly indicators seem exhausted, but no signs of corrective reversion for this rally. Price breaks even under the 200 EMA, and bigger charts suggest further losses for the pair after a corrective movement.
Currencies
USD & JPY rally on fear of deepening European recession by EasyForex
USD traded sharply higher supported by comments from the German Finance Minister Steinbrueck and weak economic data in from Europe.
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 TREASURY'S GEITHNER SPEECH
| Date (GMT) | Event | Cons. | Previous | |
| Mar 29 | 20:30 | Treasury's Geithner Speech | - | - |
Friday Notes - Geithner plan to help cleanse bank balance sheets but is no cure−all by UniCredit Group
Treasury Secretary Tim Geithner unveiled long−awaited details of his Financial Stability Plan to the acclaim of a number of major institutional investors as well as of the stock market.
[ Full Story ]Top Market Movers Review
US REUTERS/MICHIGAN CONSUMER SENTIMENT INDEX
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Mar 27 | 14:00 | Reuters/Michigan Consumer Sentiment Index | 57.3 | 56.8 | 56.3 |
Reuters/Univ Michigan End−Mar Sentiment 57.3; Feb 56.3 (Dow Jones)
Consumer sentiment improved in March from the previous month, according to a report released Friday. The Reuters/University of Michigan final sentiment reading for March stood at 57.3, versus 56.6 in the preliminary survey and 56.3 in February.
[ Full Story ]- Read the Consumer Sentiment Index at Reuters/Michigan
- U.S. Consumer Sentiment Index Revised Higher in March (CEP News)
- US Reuters/Michigan Consumer Sentiment Index increases to 57.3 (FXstreet.com)
US economic indicators - We expect UMI's final March consumer sentiment to rise marginally by BHF−Bank
US PERSONAL CONSUMPTION EXPENDITURE DEFLATOR
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Mar 27 | 12:30 | Personal Income (MoM) | -0.2% | -0.1% | 0.2% |
| Mar 27 | 12:30 | Personal Consumption Expenditure Deflator | 1.0% | 0.8% | 0.8% |
| Mar 27 | 12:30 | Core Personal Consumption Expenditure − Prices Index (MoM) | 0.2% | 0.1% | 0.2% |
| Mar 27 | 12:30 | Personal Spending | 0.2 | 0.2 | 1.0 |
| Mar 27 | 12:30 | Core Personal Consumption Expenditure − Prices Index (YoY) | 1.8% | 1.6% | 1.7% |
DATA SNAP: US Savings Rate Is At 4.2% In February (Dow Jones)
Americans spent at a slower rate in February as their income fell and they saved money at a historically elevated level to cushion against the recession. A key gauge on prices accelerated, a positive sign for those concerned about deflation.
[ Full Story ]- Read the PCE data at the Commerce Department
- UPDATE: US Consumers Spend Money At Slower Growth Rate (Dow Jones)
- U.S. Personal spending rose 0.2% in Feb; Core PCE Prices Index 0.2% up on mth; 1.8% up in Yr (FXstreet.com)
- U.S. Personal Income Drops as Spending Climbs Higher (CEP News)
US economic indicators - PCE core deflator (Feb): annual rate only temporarily higher by BHF−Bank
Economic Events
| Date (GMT) | Country | Event | Actual | Cons. | Previous | |
| Mar 27 | 13:44 | DE | Consumer Price Index (MoM) (Mar)  | -0.1% | 0.1% | 0.6% |
| 14:00 | US | Reuters/Michigan Consumer Sentiment Index (Mar) | 57.3 | 56.8 | 56.3 | |
| Mar 29 | 20:30 | US | Treasury's Geithner Speech | |||
| 21:45 | NZ | Building Permits (MoM) (Feb) | -13.1% | |||
| 23:50 | JP | Industrial Production (MoM) (Feb) | -10.2% | |||
| 23:50 | JP | Industrial Production (YoY) (Feb) | -31% | |||
| Mar 30 | 00:00 | AU | HIA New Home Sales (MoM) (Feb) | 8.3% | ||