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EUROPEAN Trading Newsletter
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Fundamental and Technical Trading Opportunities that we are Watching
Expert: Boris Schlossberg
Start: Wed, Mar 21, 11:00 GMT
Sponsored by: 
Type of Session: Webinar
Current Session: Europe
USD/CHF
Daily Forex Technical Report - Sterling Firm ahead of BoE Minutes, FOMC Eyed by ActionForex.com
USD/CHF continues to trade sideway after rebound from 1.2029 has made an intraday top at 1.2160. At this point, further recover cannot be ruled out. But still, fall from 1.2354 should still be in force as long as upside is limited by 1.2228/30 cluster resistance (61.8% retracement of 1.2354 to 1.2029 at 1.2230, 38.2% retracement of 1.2550 to 1.2029 at 1.2228) and another decline is still expected.
- FOREX FORUM: Technical Analysis forum. Post your charts and share your technical point of view.
- Read Tony Juste's GBP/USD intraday chart follow-up
- 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 Technical Analysis - GBP: Only a weekly close above 1.9800 will add enough bullish pressure for a serious test higher by by Mizuho Corporate Bank
Forex Technical Analysis - EUR/USD:(1.3315) Has met Triangle thrust target off 1.5260 by KBC Bank
Daily Recommended Trades - EUR/USD daily outlook by E-Forex
Currencies at a Glance
- EUR/USD
- Floating around opening price level at 1.3319
03/21/2007 07:11 GMT - GBP/USD
- Moves up above 1.9625 , still between today's pivot and first resistant
03/21/2007 07:11 GMT - USD/CHF
- Floating around opening price level at 1.2116
03/21/2007 07:11 GMT - USD/JPY
- Moves up above today's pivot at 117.39
03/21/2007 07:11 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 BANK OF ENGLAND MINUTES
| Date (GMT) | Event | Cons. | Previous | |
| Mar 21 | 09:30 | Bank of England Minutes | - | - |
Economic Data Roundup - United Kingdom: 20/3 Consumer Prices (Feb) by ODL Securities
As expected – apart from an unfortunate nine economists polled by Reuters - the MPC again left interest rates at 5.25% at the beginning of March. The minutes of the meeting are expected to show that Messrs Sentence and Besley remained in a minority of two in calling for a further quarter-point hike in interest rates.
[ Full Story ]Top Market Movers Review
Switzerland TRADE BALANCE
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Mar 21 | 07:15 | Trade Balance | 1.38B | - | 1.29B |
Swiss Feb trade surplus 1.381 bln vs 1.271 bln sfr in Jan (AFX News)
Switzerland's trade surplus widened to 1.381 bln sfr from 1.271 bln in the previous month, the Federal Customs Office said. Exports in February rose a nominal 13 pct or a real and inflation-adjusted 12.9 pct to 15.46 bln sfr, while imports rose a nominal 8.8 pct pr real 5.9 pct to 14.08 bln sfr, the office said.
[ Full Story ]- Switzerland Federal Customs Office homepage
- Swiss Feb Watch Exports +20.7% In Value Terms At CHF1.13B -2 (Dow Jones)
- Swiss Feb watch exports up 20.7 pct year-on-year (AFX News)
Economic Events
| Date (GMT) | Country | Event | Actual | Cons. | Previous | |
| Mar 21 | 07:15 | CH | Trade Balance (Feb) | 1.38B | 1.29B | |
| 08:00 | EMU | ECB's Trichet speaks in Brussels | ||||
| 09:30 | UK | Bank of England Minutes (Mar 8) | ||||
| 12:30 | CA | Retail Sales (MoM) (Jan) | -0.3% | 2.3% | ||
| 12:30 | CA | Retail Sales ex Autos (MoM) (Jan) | 0.4% | 2.0% | ||
| 18:15 | US | FOMC Policy Announcement | ||||
| 23:50 | JP | Adjusted Merchandise Trade Balance (Feb) | ¥425.6B | ¥1086.2B | ||
| 23:50 | JP | BSI Large Manufacturing (QoQ) (1Q) | 7.1 | |||
| 23:50 | JP | Merchandise Trade Balance Total (Feb) | ¥711.5B | -¥1.9B | ||
| Mar 22 | 09:30 | UK | Retail Sales (MoM) (Feb) | 0.6% | -1.8% | |