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Expert: Jerry Furst
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Type of Session: Webinar
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Type of Session: Webinar
Current Session: Europe
EUR/USD
Forex Technical Analysis - EUR/USD:(1.3150) Neckline of ST Double Top 1.3079 managed to hold by KBC Bank
The rebound off 1.2865 has met the targets of ST Triple Bottoms off 1.3045, with pair currently back above the daily Downtrendline off 2006 high (1.3129 today). 1st Support area at 1.3126/ .15 (today's low?/ yesterday low), with next levels at 1.3088 (daily envelope), ahead of 1.3075/ .3071 (daily LT MA↑/ week low + daily projection band bottom): tough on 1st tests.
Failure to do so would have next level at 1.3045 (see above), ahead of 1.3023/ .21 (daily Bollinger bottom), where ST pause favored.
- EUR/USD intraday chart - testing trendlines by Tony Juste
- Check out how the currency moved on Live Currency Rates & Charts at FXstreet.com
- Follow up the most relevant Economic Data in the new Real Time Economic Calendar
- Be up to date with the Latest Forex News
Other Topics for this Session:
Daily Forex Commentary - Just waiting.. by Jyske Bank
Daily Recommended Trades - EUR/USD daily outlook by E-Forex
Daily Forex and Dow Jones Recommended Levels - Fxtechtrade by FXtechtrade
Currencies at a Glance
- EUR/USD
- Trades around 1.3150
03/09/2007 06:57 GMT - GBP/USD
- Trades above 1.9315
03/09/2007 06:57 GMT - USD/CHF
- Trades around 1.2275
03/09/2007 06:58 GMT - USD/JPY
- Moves up above 117.30
03/09/2007 06:58 GMT
Analyst Sentiment Index (ASI)
Analysts Sentiment Index - USD/JPY
**Source : CMS Forex, Danske Bank A/S, FXstreet.com, Global Forex Trading Ltd. , KBC Bank, Mizuho Corporate Bank
[ View ASI page ] [ View USD/JPY page ]
Charting the Market Movers
EUR USD, Hourly
USD JPY, Hourly
Top Market Movers Preview
GB INDUSTRIAL PRODUCT PRICE
| Date (GMT) | Event | Cons. | Previous | |
| Mar 9 | 09:30 | Industrial Production (YoY) | 0.5% | 0.4% |
| Mar 9 | 09:30 | Industrial Product Price (MoM) | 0.2% | 0.1% |
Friday Notes - Rolling in money by HVB Group
The stronger-than-expected PMI reading showed that the weakening momentum in manufacturing seen in Q4 2006 has not carried over into this year. The marked improvement in both the output and new orders PMI subindices indicates some acceleration in manufacturing production outpacing a modest drag from the oil and gas sector. Overall, we expect industrial production to edge up by 0.3% in January.
[ Full Story ]Top Market Movers Review
Germany TRADE BALANCE
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Mar 9 | 07:00 | Trade Balance | 16.2B | 14.3B | 11.1B |
German Jan trade surplus 16.2 bln eur vs 11.1 bln in Dec UDPATE (AFX News)
Germany's trade surplus in January rose to 16.2 bln eur from an upwardly revised 11.1 bln in December and from 12.4 bln in January last year, according to unadjusted provisional figures from the Federal Statistics Office. Economists polled by AFX News had forecast the trade surplus would widen to 14.0 bln eur in January.
[ Full Story ]Economic Events
| Date (GMT) | Country | Event | Actual | Cons. | Previous | |
| Mar 9 | 07:00 | DE | Trade Balance | 16.2B | 14.3B | 11.1B |
| 09:30 | GB | Industrial Product Price (MoM) (Jan) | 0.2% | 0.1% | ||
| 09:30 | GB | Industrial Production (YoY) (Jan) | 0.5% | 0.4% | ||
| 11:00 | EMU | OECD Leading Index (Jan) | 109.3 | |||
| 12:00 | CA | Net Change in Employment (Feb) | 7.5K | 88.9K | ||
| 12:00 | CA | Unemployment Rate (Feb) | 6.2% | 6.2% | ||
| 13:00 | US | Average Hourly Earnings (YoY) (Feb) | 4% | |||
| 13:30 | US | Average Hourly Earnings (MoM) (Feb) | 0.3% | 0.2% | ||
| 13:30 | US | Average Workweek (Feb) | 33.8 | 33.8 | ||
| 13:30 | CA | International Merchandise Trade (Jan) | $4.8 | $5.0 | ||