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Current Session: Europe
EUR/USD
Forex Technical Analysis - EUR/USD:(1.3337) Has approached 1.3422 (2nd target of MT Daily Double Bottom off 1.2939) by KBC Bank
New year high has approached 2nd target of the Medium Term daily Double Bottom off 1.2939 (1.3422), with pair currently back above 1.3320 (monthly Downtrendline off 1992 on synthetic charts), with Key Reversal Day at recent high.
- FOREX FORUM: Technical Analysis forum. Post your charts and share your technical point of view.
- US data follow-through 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:
Forecast on Forex Majors - Forecast on Forex Majors by FX-Strategy
US Trading Preview - The dollar remains soft against the majors in early Tuesday trading by Forexnews.com
Currency Journal: Dollar down as New Home Sales see 6-year lows by Performance Capital
Currencies at a Glance
- EUR/USD
- Continues to trade around opening price level at 1.3331 , above today's pivot at 1.3309
03/27/2007 07:18 GMT - GBP/USD
- Continues to trade below opening price level at 1.9693 , after bounced at today's pivot 1.9661
03/27/2007 07:18 GMT - USD/CHF
- Moving down below 1.2150 , below today's pivot at 1.2166
03/27/2007 07:18 GMT - USD/JPY
- Continues to move down below 118.00 , below today's pivot
03/27/2007 07:18 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, Saxo Bank
[ View ASI page ] [ View USD/JPY page ]
Charting the Market Movers
EUR USD, Hourly
USD JPY, Hourly
Top Market Movers Preview
Germany IFO - BUSINESS CLIMATE
| Date (GMT) | Event | Cons. | Previous | |
| Mar 27 | 08:00 | IFO - Business Climate | 106 | 107 |
EMU economic indicators - In March, the German ifo business climate index might deteriorate for the third consecutive time by BHF-Bank
In March, the German ifo business climate index might deteriorate for the third consecutive time. Even if that were the case, it would not in our view indicate an economic downturn, as the one-off value added tax hike is probably still weighing on the current business assessment.
[ Full Story ]Top Market Movers Review
US NEW HOME SALES
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Mar 26 | 14:00 | New Home Sales | 848K | 985K | 882K |
DATA SNAP: US Feb Home Sales Drop To Lowest Since 2000 (Dow Jones)
New-home sales unexpectedly fell in February, dropping a second month in a row to the lowest level in nearly seven years as the housing sector showed more weakness. Sales of single-family homes decreased by 3.9% to a seasonally adjusted annual rate of 848,000, the Commerce Department said Monday.
[ Full Story ]- Read the New Residential Sales in February 2007 at Department of Commerce
- Forex - Dollar weakens after weak US new home sales data (AFX News)
- Dollar Declines After US New Home Sales Decline (Dow Jones)
- New home sales drop for second month (AFX News)
Economic Events
| Date (GMT) | Country | Event | Actual | Cons. | Previous | |
| Mar 27 | 08:00 | DE | IFO - Business Climate (Mar) | 106 | 107 | |
| 13:00 | NZ | Westpac New Zealand Consumer Confidence (1Q) | 119.7 | |||
| 14:00 | US | Consumer Confidence (Mar) | 109.0 | 112.5 | ||
| Mar 28 | 06:00 | DE | Consumer Price Index (MoM) (Mar)  | 0.2% | 0.4% | |
| 06:00 | DE | Consumer Price Index (YoY) (Mar) | 1.8% | 1.6% | ||
| 06:00 | UK | Nationwide Housing Prices n.s.a (YoY) (Mar) | 9.6% | 10.2% | ||
| 06:00 | UK | Nationwide Housing Prices s.a (MoM) (Mar) | 0.7% | 0.7% | ||
| 06:10 | DE | Gfk Consumer Confidence Survey (Apr) | 4.5 | 4.4 | ||
| 08:00 | EMU | M3 (YoY) (Feb) | 9.8% | 9.8% | ||
| 08:30 | UK | Gross Domestic Product (QoQ) (4Q) | 0.8% | 0.7% | ||