Monday, Mar 12, 08:21 GMT
EUROPEAN Trading Newsletter
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Special Webinars
Weekly Webinar: 1st on Forex - The Week Ahead
Expert: Jerry Furst
Start: Mon, Mar 12, 11:00 GMT
Sponsored by: 
Type of Session: Webinar
Derek Frey's Outlook
Expert: Derek Frey
Start: Mon, Mar 12, 14:00 GMT
Sponsored by: 
Type of Session: Webinar
The FX Mirror
Expert: Patrick Dyess
Start: Wed, Mar 14, 16:00 GMT
Sponsored by: 
Type of Session: Webinar
Topics
- Charts
- News releases
- Trading styles & techniques
Current Session: Europe
EUR/USD
Currency Open positions - The cable is now trading near the lower end the range by Odom & Frey Futures & Options
Prospects for growth in the Euro Zone remain stronger than in the U.S and the technical resilience of this market also favor further upside. In the short term, 1.3275 and 1.3070 remain important levels to watch. A sustained move above 1.3275 would be a strong sign of long term strength.
- FOREX FORUM: Technical Analysis forum. Post your charts and share your technical point of view.
- Follow the Market follow-up 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 Technical Report - Yen Edges Lower into European Session, UK PPI Eyed by ActionForex.com
Daily Forex Commentary - Calm down! by Jyske Bank
US Trading Preview - The euro drifted lower versus the greenback by Forexnews.com
Currencies at a Glance
- EUR/USD
- Continues to float around today pivot at 1.3119
03/12/2007 08:04 GMT - GBP/USD
- The pair moves in tight range, trades around 1.9335
03/12/2007 08:05 GMT - USD/CHF
- Continues to trade around last week high, trades around 1.2340
03/12/2007 08:06 GMT - USD/JPY
- Continues to trade around last week high, trades around 118.25
03/12/2007 08:06 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
UK PRODUCER PRICE INDEX - INPUT
| Date (GMT) | Event | Cons. | Previous | |
| Mar 12 | 09:30 | Producer Price Index - Output (MoM) | 0.3% | 0.3% |
| Mar 12 | 09:30 | Producer Price Index - Input (YoY) | -0.8% | -1.7% |
| Mar 12 | 09:30 | Producer Price Index - Output (YoY) | 2.1% | 2.1% |
| Mar 12 | 09:30 | Producer Price Index - Input (MoM) | 0.7% | -2.0% |
Forex Weekly Review and Outlook - Focus to Shift from Carry Trade to Inflation Data by ActionForex.com
From Eurozone, main focus will be on Germany ZEW and final Feb Eurozone HICP. UK PPI and employment report will also be closely watched.
[ Full Story ]Top Market Movers Review
Japan GROSS DOMESTIC PRODUCT
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Mar 11 | 23:50 | Gross Domestic Product (QoQ) | 1.3% | 1.3% | 0.2% |
Asia Market Update - Asia Market Update - Japanese GDP data shows export growth slows, capital expenditure expected to slow by Trade The News
Q4 Japanese GDP is revised upwards: Many analysts expected a strong upward revision in Q4 Japanese GDP, and the annualized figure was in fact revised to 5.5% (markets expected a revision to 5.1%).
[ Full Story ]- Read the Gross Domestic Product report at Japan Cabinet Office
- Japan revised Oct-Dec GDP - component breakdown (AFX News)
- Japan Jan Unadjusted Curr Acct Surplus Up 49.8% On Yr (Dow Jones)
- DATA SNAP: Japan Oct-Dec Revised Real GDP +1.3% Q/Q (Dow Jones)
Economic Events
| Date (GMT) | Country | Event | Actual | Cons. | Previous | |
| Mar 11 | 23:50 | JP | Gross Domestic Product (QoQ) (4Q) | 1.3% | 1.3% | 0.2% |
| 23:50 | JP | Gross Domestic Product Annualized (4Q) | 5.5% | 5.1% | 0.8% | |
| Mar 12 | 05:00 | JP | Consumer Confidence (Feb) | 48.4 | 48.4 | |
| 09:30 | UK | Producer Price Index - Input (MoM) (Feb) | 0.7% | -2.0% | ||
| 09:30 | UK | Producer Price Index - Input (YoY) (Feb) | -0.8% | -1.7% | ||
| 09:30 | UK | Producer Price Index - Output (MoM) (Feb) | 0.3% | 0.3% | ||
| 09:30 | UK | Producer Price Index - Output (YoY) (Feb) | 2.1% | 2.1% | ||
| 18:00 | US | Treasury Budget (Feb) | -116.5 | 83.2 | ||
| Mar 13 | 10:00 | DE | ZEW Survey - Economic Sentiment (Mar) | 3.1 | 2.9 | |
| 12:30 | US | Retail Sales (MoM) (Feb) | 0.3% | 0% | ||