ASIA-PACIFIC Trading Newsletter - Mar 31, 2008

Monday, Mar 31, 15:44 GMT

ASIA-PACIFIC Trading Newsletter

To Get Started

• Webinar Videos: Using Fibonacci Retracements To Identify Support And Resistance by John Jagerson
• FX Trader of the Year 2008 Ranking − Fourth Week
• Take a look at the exclusive services for traders
• Check our Brokers/FDMs Information Table

Note that our messages might be blocked by anti-spam filters so please add newsletter@fxstreet.com or our domain (fxstreet.com) to your address book.

Live Sessions Schedule

Outlook for the major currencies this week
Expert: Ian Copsey
Start: Tue, Apr 1, 08:00 GMT
Sponsored by: 
Type of Session: Webinar

Trading with Autochartist
Expert: Raghee Horner
Start: Tue, Apr 1, 15:00 GMT

Type of Session: Webinar

Sponsored by
Tue, Apr 1, 08:00 GMT	Outlook for the major currencies this week	Ian Copsey	WBN
Tue, Apr 1, 11:00 GMT	FX Instructor Live Trading Room	Vito Henjoto	WBN
Tue, Apr 1, 12:00 GMT	US Pre−Market Open	Ed Ponsi	WBN
Tue, Apr 1, 13:30 GMT	Forex with Ed Ponsi	Ed Ponsi	WBN
Tue, Apr 1, 15:00 GMT	Trading with Autochartist	Raghee Horner	WBN

[ View All ]

Current Session: U.S.

EUR/USD

Mid−Day Forex Technical Report − Euro Lifted by Strong CPI, Set to Make New Record High by ActionForex.com

EUR/USD's rise from 1.5342 resumes in early US session and surges to as high as 1.5894 so far. At this point, intraday bias remain on the upside as long as 1.5721 minor support holds. As discussed before, firm break of 1.5902 high and 1.5915 fibo resistance will confirm that whole rally from 1.4365 has resumed. Sustained trading above 1.59 will then encourage further rally to next important psychological level at 1.6000.

[ Full Story ]

• Understanding The Exact Process Behind The Movement In Price by Sam Seiden
• Check out how pairs moved: Live Currency Rates & Charts
• Follow up the most relevant Economic Data in the new Real Time Economic Calendar

Weekly Technicals

Weekly Analysis − Cable faces negative sentiment by Finotec Group Inc.

Currency Performance

Currency Performance Report − Europe Session Performance by FXstreet.com

Top Market Movers Preview

Germany PMI MANUFACTURING

Date (GMT)		Event	Cons.	Previous
Apr 1	08:00	PMI Manufacturing	54.9	54.3

EMU economic indicators - German industrial new orders will probably have rebounded in February by BHF−Bank

EMU industrial confidence and economic sentiment could have improved in March, just like many of the corresponding national figures. The RBS purchasing managers' indices for the German and the EMU manufacturing sector for March are not likely to have been revised substantially.

[ Full Story ]

Top Market Movers Review

US CHICAGO PURCHASING MANAGERS' INDEX

Date (GMT)		Event	Actual	Cons.	Previous
Mar 31	13:45	Chicago Purchasing Managers' Index	48.2	46.5	44.5

US Chicago March purchasers index rises to 48.2 vs 46.0 expected (Thomson Financial News)

Business activity in the US midwest picked up slightly in March, but nonetheless remained in contraction territory for the second straight month.

[ Full Story ]

• Read the Chicago Purchasing Managers' Index data at Kingsbury
• Chicago PMI Continues To Show Contraction, Inflation Pressure (Dow Jones)
• US Chicago March purchasers index rises to 48.2 vs 46.0 expected UPDATE (Thomson Financial News)
• Chicago PMI Index rises in March, yet in contraction levels (FXstreet.com)

Canada GROSS DOMESTIC PRODUCT

Date (GMT)		Event	Actual	Cons.	Previous
Mar 31	12:30	Gross Domestic Product (YoY)	2.2%	-	2.9%
Mar 31	12:30	Gross Domestic Product (MoM)	0.6%	0.5%	-0.7%

Canadian GDP picks up in January (FXstreet.com)

Canadian Gross Domestic product has reversed December's losses in January on a monthly gain supported by wholesale trade and manufacturing, according to Statcan, the Canadian Statistics Office.

[ Full Story ]

• Read the Gross domestic product data at Statistics Canada
• Canada Morning: C$ Lower Despite Good Jan GDP Data (Dow Jones)
• Canada Gross Domestic Product rises 0.6% in January; 2.2% up year on year (FXstreet.com)

Currencies at a Glance

EUR/USD

Trades above pivot level 1.5792
03/31/2008 14:05 GMT

GBP/USD

Trades below first support level 1.9853
03/31/2008 14:05 GMT

USD/CHF

Back around pivot level 0.9936
03/31/2008 14:05 GMT

USD/JPY

Trades around pivot level 99.55
03/31/2008 14:05 GMT

Analyst Sentiment Index (ASI)

Analysts Sentiment Index - EUR/USD

**Source : ActionForex.com, CMS Forex, Danske Bank A/S, FXstreet.com, Global Forex Trading, Mizuho Corporate Bank

[ View ASI page ] [ View EUR/USD page ]

Charting the Market Movers

GBP USD, Hourly

EUR USD, Hourly

Economic Events

Date (GMT)		Country	Event	Actual	Cons.	Previous
Mar 31	12:30	CA	Gross Domestic Product (YoY) (Jan)	2.2%		2.9%
	13:45	US	Chicago Purchasing Managers' Index (Mar)	48.2	46.5	44.5
	22:30	AU	Manufacturing PMI (Mar)			51.4
	23:50	JP	Tankan Large Manufacturing Index (1Q)		13	19
	23:50	JP	Tankan Large Manufacturing Outlook (1Q)		9	16
Apr 1	03:30	AU	RBA Interest Rate Decision			7.25%
	07:30	CH	SVME − Purchasing Managers' Index (Mar)		60.0	60.5

[ View All ]

Past Issues  ·   Subscribe to other newsletters  ·   Unsubscribe

Before printing please ensure that it is absolutely necessary. Remember the environment is for all of us!

FXstreet.com Newsletter does not constitute a solicitation for the purpose of buying or selling in the foreign exchange market. Although the information contained in FXstreet.com Newsletter comes from trusted sources, FXstreet.com is not responsible for guaranteeing the accuracy, timeliness, completeness or fitness of such sources. © 2008 \"FXstreet.com. The Forex Market\" All Rights Reserved.Click here to unsubscribe

U.S. Trading Newsletter - Mar 31, 2008

Monday, Mar 31, 11:02 GMT

U.S. Trading Newsletter

To Get Started

• Webinar Videos: Longer-term Support and Resistance Trading: Setups and Rules by Rob Booker
• Take a look at the exclusive services for traders
• Technical Summary for Majors by Windsor Brokers Ltd

Note that our messages might be blocked by anti-spam filters so please add newsletter@fxstreet.com or our domain (fxstreet.com) to your address book.

Live Sessions Schedule

US Session Open
Expert: Ed Ponsi
Start: Mon, Mar 31, 13:30 GMT

Type of Session: Webinar

Derek Frey's Outlook
Expert: Derek Frey
Start: Mon, Mar 31, 14:00 GMT
Sponsored by: 
Type of Session: Webinar

Sponsored by
Mon, Mar 31, 11:00 GMT	Weekly Webinar: 1st on Forex − The Week Ahead	Jerry Furst	WBN
Mon, Mar 31, 12:00 GMT	US Pre−Market Open	Ed Ponsi	WBN
Mon, Mar 31, 13:30 GMT	US Session Open	Ed Ponsi	WBN
Mon, Mar 31, 14:00 GMT	Derek Frey's Outlook	Derek Frey	WBN

[ View All ]

Current Session: Europe − U.S.

GBP/USD

Forex Trading Strategies − EURUSD treading water just below recent all−time highs by Saxo Bank

By far the weakest currency at the moment is the pound, as GBPUSD failed to hold above 2.0000 once again and sees lower support failing as well this morning. The 55−day moving average at 1.9795 may soon come under fire. Structurally speaking, GBPUSD would look even uglier if the 1.9750 area can't hold, in which case we would expect a full test lower toward 1.9340. In EURGBP, we wonder if 0.8000 could come under fire, and in any case, won't likely top out until EURUSD also tops out.

[ Full Story ]

• Understanding The Exact Process Behind The Movement In Price by Sam Seiden
• Check out how pairs moved: Live Currency Rates & Charts
• Follow up the most relevant Economic Data in the new Real Time Economic Calendar

Currency Performance

Action Bias Summary Table − Action Bias Summary Table by ActionForex.com

FX' Signal

Weekly Forex Signals − Weak pound puts dollar in great shape by Finotec Group Inc

Majors at a Glance

EUR/USD

Trades around pivot level 1.5792
03/31/2008 10:12 GMT

GBP/USD

Moves down below first support level 1.9853
03/31/2008 10:12 GMT

USD/CHF

Moves down below pivot level 0.9936
03/31/2008 10:12 GMT

USD/JPY

Moves down below pivot level 99.55
03/31/2008 10:12 GMT

Analyst Sentiment Index (ASI)

Analysts Sentiment Index - EUR/USD

**Source : ActionForex.com, CMS Forex, Danske Bank A/S, FXstreet.com, Global Forex Trading, Mizuho Corporate Bank

[ View ASI page ] [ View EUR/USD page ]

Charting the Market Movers

EUR USD, Hourly

GBP USD, Hourly

Top Market Movers Preview

US CHICAGO PURCHASING MANAGERS' INDEX

Date (GMT)		Event	Cons.	Previous
Mar 31	13:45	Chicago Purchasing Managers' Index	46.5	44.5

Ahead of the Bell: Chicago PMI survey (Thomson Financial News)

Wall Street economists expect an index of Midwestern regional business activity to show a slight recovery in March from the six−year low it hit the previous month. The Chicago Purchasing Managers' index is considered an early read on business conditions nationally.

[ Full Story ]

Top Market Movers Review

EMU CONSUMER PRICE INDEX

Date (GMT)		Event	Actual	Cons.	Previous
Mar 31	09:00	Consumer Price Index (YoY)	3.5%	3.3%	3.3%

DATA SNAP: Euro−Zone Mar CPI Surges To 3.5%; Higher Than Seen (Dow Jones)

Prices in the euro zone rose at their fastest ever rate and much more quickly than expected in March, with the annual measure of consumer−price inflation hitting a new all−time high of 3.5%, reinforcing the European Central Bank's hawkish attitude to interest rates.

[ Full Story ]

• Read the report: Euro area inflation estimated at 3.5% at Eurostat
• UPDATE: Euro−Zone Mar CPI Surges To 3.5%; Higher Than Seen (Dow Jones)
• Forex − Euro hits fresh high as inflation figures come in above expectations (Thomson Financial News)
• Euro zone March prov HICP up record 3.5 pct vs 3.3 in Feb; consensus up 3.4 (Thomson Financial News)

Friday Notes - Lessons from prior banking crises by HVB Group

EMU M3

Date (GMT)		Event	Actual	Cons.	Previous
Mar 31	08:00	M3 (YoY)	11.3%	11.5%	11.5%

Euro Zone M3 annual growth edges down to 11.3% in February (FXstreet.com)

The annual rate of M3 monetary flow growth has edged down to 11.3% in February from 11.5% in January 2008, market analysts expected the M3 to remain at the same level as in January.

[ Full Story ]

• Read the M3 Money data at ECB
• Euro area Feb M3 growth at 11.3 pct year−on−year vs 11.5 pct in Jan UPDATE (Thomson Financial News)
• 2nd UPDATE: Euro−Zone Feb M3 +11.3% On Year, Below Consensus (Dow Jones)
• Euro area Feb M3 growth at 11.3 pct yr−on−yr vs 11.5 pct in Jan (Thomson Financial News)

Economic Events

Date (GMT)		Country	Event	Actual	Cons.	Previous
Mar 31	08:00	EMU	M3 (YoY) (Feb)	11.3%	11.5%	11.5%
	08:30	UK	Index of Services (Jan)	0.6%	0.5%	0.6%
	09:00	EMU	Consumer Confidence (Mar)	-12	-12	-12
	09:00	EMU	Consumer Price Index (YoY) (Mar)	3.5%	3.3%	3.3%
	09:00	EMU	Economic Confidence (Mar)	99.6	100.0	100.2
	09:30	UK	BOE Governor King Speaks
	12:30	CA	Gross Domestic Product (MoM) (Jan)		0.5%	-0.7%
	12:30	CA	Gross Domestic Product (YoY) (Jan)			2.9%
	13:45	US	Chicago Purchasing Managers' Index (Mar)		46.5	44.5
	22:30	AU	Manufacturing PMI (Mar)			51.4

[ View All ]

Past Issues  ·   Subscribe to other newsletters  ·   Unsubscribe

Before printing please ensure that it is absolutely necessary. Remember the environment is for all of us!

FXstreet.com Newsletter does not constitute a solicitation for the purpose of buying or selling in the foreign exchange market. Although the information contained in FXstreet.com Newsletter comes from trusted sources, FXstreet.com is not responsible for guaranteeing the accuracy, timeliness, completeness or fitness of such sources. © 2008 \"FXstreet.com. The Forex Market\" All Rights Reserved.Click here to unsubscribe

FUTURES Markets Newsletter - Mar 31, 2008

Monday, Mar 31, 10:33 GMT

FUTURES Markets Newsletter

Futures Markets Contracts

Monday, March 31

• LT: Apr Heating Oil, RBOB (NYMEX)
• LT: Mar Coffee (LIFFE)
• FN: Apr Copper, Gold, Silver (COMEX)

Tuesday, April 1

• FN: Apr 100 oz Gold (CBOT)

Wednesday, April 2

• FN: Apr Heating Oil−NYM
• FN: Apr Gasoline−NYM
• LN: Mar US T−Notes−2 Yr−CME®−G

Thursday, April 3

• OE: Apr Gas Oil−ICEEUR

Friday, April 4

• OE: Apr Live Cattle−CME®−G
• OE: Apr Most Currencies−CME®−G

FN: First Notice Day

LT: Last Trading Day

OE: Option Expiry

[ Full Story ]

• More events information in our Economic Calendar

Note that our messages might be blocked by anti-spam filters so please add newsletter@fxstreet.com or our domain (fxstreet.com) to your address book.

Futures Forum

• New to options: Hey guys I'm thinking about investing in options and I wanted some advice
• Oil trading of oilfxpro: Hi Folks. This thread is strictly for posting trading journals.I do not answer questions so please do not be offended. Action speaks louder than words
• What is the future of online commodities trading? While online commodity trading has picked up dramatically last few years, what does the future hold for it? I am not just referring to the technology aspects, but also societal aspects – for instance, whether this will bring in a larger section of the society to trading online…
• Looming e-trade bankruptcy: This is my first post, though I have been reading these forums for a while. What do you think? I do a good bit of options trading and this whole e-trade bankruptcy thing has gotten me a little worried about my account.
• Which futures markets do you trade? Recently FXstreet.com The Futures Market was removed and became a section fully integrated in FXstreet.com. I think is a good time to ask FXstreet.com readers which futures markets do they trade so come on, tell us by voting the poll, you can pick several markets.

Register to the Forum now, and start giving your opinion.

Live Sessions

Trend Trading − Part 1: Elements of Trend Trading in FX and Futures Markets
Expert: Don Wilcox
Start: Wed, Apr 2, 16:00 GMT
Sponsored by: 
Type of Session: Webinar
Topics
− Confirmation techniques to verify trend developments
− Forecasting potential retracement levels
− Look at various technical trend indicators

SPECIAL EVENT: Trade Non−Farm Payrolls LIVE − 23rd Edition
Expert: Wayne McDonell
Start: Fri, Apr 4, 11:30 GMT
Sponsored by: 
Type of Session: Webinar

[ View All ]

The editor's selection

Commodities Morning Briefing - Weak day for commodities by Jyske Bank
Mon, Mar 31 2008, 08:45 GMT

London Bullion Report - Precious metals to remain volatile ahead of month/quarter−end by The Bullion Desk
Mon, Mar 31 2008, 06:42 GMT

The Joss Report by ClearTrade Commodities
Mon, Mar 31 2008, 05:55 GMT

Overnight Briefing: American Timezone - U.S. stocks dropped by Jyske Bank
Mon, Mar 31 2008, 05:47 GMT

World Futures and Options Report - U.S. Dollar, Japanese Yen, Australian Dollar, December Eurodollar options, U.S. equity options movers by Interactive Brokers LLC
Thu, Mar 27 2008, 14:39 GMT

Futures education

Volume and Open Interest: How to Use it to Trade More Effectively by TradingEducation.com, LLC
Tue, Jun 19 2007, 08:49 GMT

Glossary of Futures Terms by National Futures Association
Wed, May 16 2007, 10:06 GMT

Introduction to Contracts for Difference Trading by Global Trader
Wed, May 16 2007, 09:32 GMT

Past Issues  ·   Subscribe to other newsletters  ·   Unsubscribe

Before printing please ensure that it is absolutely necessary. Remember the environment is for all of us!

FXstreet.com Newsletter does not constitute a solicitation for the purpose of buying or selling in the foreign exchange market. Although the information contained in FXstreet.com Newsletter comes from trusted sources, FXstreet.com is not responsible for guaranteeing the accuracy, timeliness, completeness or fitness of such sources. © 2008 \"FXstreet.com. The Forex Market\" All Rights Reserved.Click here to unsubscribe

EUROPEAN Trading Newsletter - Mar 31, 2008

Monday, Mar 31, 08:00 GMT

EUROPEAN Trading Newsletter

To Get Started

• Webinar Videos: Longer-term Support and Resistance Trading: Setups and Rules by Rob Booker
• Technical Summary for Majors by Windsor Brokers Ltd
• European Market Update by Trade The News
• Recent Recommended Trades by AceTrader

Note that our messages might be blocked by anti-spam filters so please add newsletter@fxstreet.com or our domain (fxstreet.com) to your address book.

Live Sessions Schedule

Weekly Webinar: 1st on Forex − The Week Ahead
Expert: Jerry Furst
Start: Mon, Mar 31, 11:00 GMT
Sponsored by: 
Type of Session: Webinar

Derek Frey's Outlook
Expert: Derek Frey
Start: Mon, Mar 31, 14:00 GMT
Sponsored by: 
Type of Session: Webinar

Sponsored by
Mon, Mar 31, 11:00 GMT	Weekly Webinar: 1st on Forex − The Week Ahead	Jerry Furst	WBN
Mon, Mar 31, 12:00 GMT	US Pre−Market Open	Ed Ponsi	WBN
Mon, Mar 31, 13:30 GMT	US Session Open	Ed Ponsi	WBN
Mon, Mar 31, 14:00 GMT	Derek Frey's Outlook	Derek Frey	WBN

[ View All ]

Current Session: Europe

GBP/USD

Daily Forex Technical Report − Markets in Tight Range, Sterling to Resume Fall by ActionForex.com

Cable's recovery was limited at 1.9979 and dives again into European session. At this point, intraday bias remains on the downside as long as 1.9979 minor resistance holds. As discussed before, with 4 hours MACD staying below signal line, further decline is expected to retest 1.9736 support.

[ Full Story ]

• Understanding The Exact Process Behind The Movement In Price by Sam Seiden
• Check out how pairs moved: Live Currency Rates & Charts
• Follow up the most relevant Economic Data in the new Real Time Economic Calendar

Banks' Analysis

Forex Technical Analysis − EUR/USD: (1.5796) Tried to regain Uptrendline off 1.4777 by KBC Bank

FX' Signal

Spot Forex Trades − False Alarm: Asia Yen Crosses Rallies by ForexSurvivor

[ Full Story ]

Currencies at a Glance

EUR/USD

Trades around pivot level 1.5792
03/31/2008 07:57 GMT

GBP/USD

Moves down below first support level 1.9853
03/31/2008 07:57 GMT

USD/CHF

Moves down below pivot level 0.9936
03/31/2008 07:57 GMT

USD/JPY

Stays above pivot level 99.45
03/31/2008 05:53 GMT

Analyst Sentiment Index (ASI)

Analysts Sentiment Index - EUR/USD

**Source : ActionForex.com, CMS Forex, Danske Bank A/S, FXstreet.com, Global Forex Trading, Mizuho Corporate Bank

[ View ASI page ] [ View EUR/USD page ]

Charting the Market Movers

USD JPY, Hourly

GBP USD, Hourly

Top Market Movers Preview

EMU CONSUMER PRICE INDEX

Date (GMT)		Event	Cons.	Previous
Mar 31	09:00	Consumer Price Index (YoY)	3.3%	3.3%

Friday Notes - Lessons from prior banking crises by HVB Group

We expect inflation to accelerate to 3.4% in March. Upward pressure should come from food – on a steadily rising trend − and energy, likely pushed higher by the jump that took oil prices to USD 110 pb. We have penciled in a moderate increase in core inflation too, given the fading of the positive base effect related to the German VAT hike and the possible impact of the early Easter.

[ Full Story ]

Top Market Movers Review

Japan HOUSING STARTS

Date (GMT)		Event	Actual	Cons.	Previous
Mar 31	05:00	Housing Starts (YoY)	-5.0%	-1.0%	-5.7%

Japan Feb Housing Starts Down 5.0% On Year (Dow Jones)

Japan's housing starts fell 5.0% in February from a year earlier to 82,962 units, the Ministry of Land, Infrastructure and Transport said Monday. The decline was larger than the 1.0% drop forecast by a Dow Jones/Nikkei poll of economists. That was the eighth consecutive month of falls after orders dropped 5.7% in January and 19.2% in December.

[ Full Story ]

• Read the Housing Starts report at Japan Ministry of Land, Infrastructure and Transport
• Japan housing starts extend fall in February but at slower pace (Thomson Financial News)
• Japan Feb Construction Orders Up 18.4% On Year (Dow Jones)

Japan INDUSTRIAL PRODUCTION

Date (GMT)		Event	Actual	Cons.	Previous
Mar 30	23:50	Industrial Production (MoM)	-1.2%	-2.0%	-2.2%
Mar 30	23:50	Industrial Production (YoY)	4.2%	2.9%	2.2%

Japan Feb Indus Output −1.2% On Month; Mkt Expected − 2.2% (Dow Jones)

Japanese industrial output fell 1.2% on month in February, for the second consecutive month of falls, the government said Monday. Economists surveyed by Dow Jones Newswires and Nikkei estimated on average that industrial production had fallen 2.2% in February after adjustment for seasonal factors. The Ministry of Economy, Trade and Industry left its assessment of industrial output unchanged at "flat" for the third straight month.

[ Full Story ]

• Read the Industrial Production report at Ministry of Economy, Trade and Industry
• Japanese industrial output down 1.2 percent in February from January − UPDATE (Thomson Financial News)
• Japanese industrial output down 1.2 percent in February from January (Thomson Financial News)

Economic Events

Date (GMT)		Country	Event	Actual	Cons.	Previous
Mar 30	23:50	JP	Industrial Production (MoM) (Feb)	-1.2%	-2.0%	-2.2%
Mar 31	03:00	NZ	Business Confidence (Mar)	-57.9		-43.9
	05:00	JP	Housing Starts (YoY) (Feb)	-5.0%	-1.0%	-5.7%
	05:45	CH	SECO Economic Forecasts
	08:00	EMU	M3 (YoY) (Feb)		11.5%	11.5%
	08:30	UK	Index of Services (Jan)		0.5%	0.6%
	09:00	EMU	Consumer Confidence (Mar)		-12	-12
	09:00	EMU	Consumer Price Index (YoY) (Mar)		3.3%	3.3%
	09:00	EMU	Economic Confidence (Mar)		100.0	100.1
	12:30	CA	Gross Domestic Product (MoM) (Jan)		0.5%	-0.7%

[ View All ]

Past Issues  ·   Subscribe to other newsletters  ·   Unsubscribe

Before printing please ensure that it is absolutely necessary. Remember the environment is for all of us!

FXstreet.com Newsletter does not constitute a solicitation for the purpose of buying or selling in the foreign exchange market. Although the information contained in FXstreet.com Newsletter comes from trusted sources, FXstreet.com is not responsible for guaranteeing the accuracy, timeliness, completeness or fitness of such sources. © 2008 \"FXstreet.com. The Forex Market\" All Rights Reserved.Click here to unsubscribe