Wednesday, Mar 28, 07:16 GMT
EUROPEAN Trading Newsletter
To Get Started
- Check out the rest of our brand New FXstreet.com Newsletters and subscribe now!
- FXstreet.com Managed Accounts Program (MAP) launches its website
- Special Webinar: Watch Live Coverage of the US GDP with Jerry Furst
- The Advisor Blog: Geo-politicals jump in
Send us your feed back. Post your comments about the new newsletters' format in the Forum.
Special Webinars
Fundamental and Technical Trading Opportunities that we are Watching
Expert: Kathy Lien
Start: Wed, Mar 28, 14:00 GMT
Sponsored by: 
Type of Session: Webinar
How to become a professional trader - System Trading vs. Discretionary Trading: Which Is Better?
Expert: Markus Heitkoetter
Start: Tue, Apr 3, 16:00 GMT
Sponsored by: 
Type of Session: Webinar
Current Session: Europe
EUR/USD
Forex Technical Analysis - EUR/USD:(1.3351) 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).
- Follow-up market reaction to US data 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:
US Trading Preview - The dollar dipped lower in early Wednesday trading by Forexnews.com
Forex Market Outlook on Majors - Forex Market Outlook on Majors by AceTrader
Daily Forex Commentary - Scandinavian focus by Jyske Bank
Currencies at a Glance
- EUR/USD
- Trades around today's pivot at 1.3344
03/28/2007 07:11 GMT - GBP/USD
- Moves down below 1.9645 toward first support at 1.9615
03/28/2007 07:11 GMT - USD/CHF
- Trades around 1.2120 , above first support at 1.2108
03/28/2007 07:11 GMT - USD/JPY
- Trades around second support at 117.27
03/28/2007 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, Saxo Bank
[ View ASI page ] [ View USD/JPY page ]
Charting the Market Movers
EUR USD, Hourly
USD JPY, Hourly
Top Market Movers Preview
EMU M3
| Date (GMT) | Event | Cons. | Previous | |
| Mar 28 | 08:00 | M3 (YoY) | 9.8% | 9.8% |
Friday Notes - Pullback in inflation does not mean all-clear for the ECB by HVB Group
In February, we expect a still strong level of M3 growth, at 9.8% the same as in the previous two months. Furthermore, we see a slight deceleration in loans to households, but still an upward trend in loans to non-financial corporations. Taking into account the correction of equity markets in the last days of February, we expect no signs of a reduced growth in eurozone liquidity.
[ Full Story ]Top Market Movers Review
Germany GFK CONSUMER CONFIDENCE SURVEY
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Mar 28 | 06:10 | Gfk Consumer Confidence Survey | 4.4 | 4.5 | 4.4 |
German GfK Consumer Climate Slightly Rises For April (Dow Jones)
German consumer confidence is seen picking up slightly in April, with some households seen making bigger purchases, a survey from market research group GfK showed Wednesday. The group's forward-looking consumer climate indicator for April rose to 4.4 points from a revised reading of 4.3 points in March.
[ Full Story ]- Read the Germany: change in consumer climate sets in as predicted at Gfk
- German Consumer confidence rises mildly in April (FXstreet.com)
- Germany's GFK sees April consumer climate index 4.4 pts vs revised 4.3 in March (AFX News)
UK NATIONWIDE HOUSING PRICES S.A
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Mar 28 | 06:00 | Nationwide Housing Prices n.s.a (YoY) | 9.3% | 9.6% | 10.2% |
| Mar 28 | 06:00 | Nationwide Housing Prices s.a (MoM) | 0.4% | 0.7% | 0.7% |
UK March house prices up 0.4 pct from Feb, up 9.3 pct yr-on-yr - Nationwide (AFX News)
The UK housing market is starting to show the effects of the Bank of England's three rate hikes since August last year, with both the monthly and annual rates of inflation slowing down, according to the UK's biggest building society, Nationwide.
[ Full Story ]- Read the Spring loses some bounce at Nationwide
- UK housing prices carry on growing (FXstreet.com)
- DATA SNAP: Nationwide:UK Mar House Prices +0.4%MM, +9.3%YY-2 (Dow Jones)
- DATA SNAP: Nationwide: UK Mar House Prices +0.4%MM, +9.3%YY (Dow Jones)
Economic Events
| Date (GMT) | Country | Event | Actual | Cons. | Previous | |
| Mar 28 | 06:00 | DE | Consumer Price Index (YoY) (Mar)  | 1.8% | 1.6% | |
| 06:00 | UK | Nationwide Housing Prices n.s.a (YoY) (Mar) | 9.3% | 9.6% | 10.2% | |
| 06:00 | UK | Nationwide Housing Prices s.a (MoM) (Mar) | 0.4% | 0.7% | 0.7% | |
| 06:10 | DE | Gfk Consumer Confidence Survey (Apr) | 4.4 | 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% | ||
| 08:30 | UK | Gross Domestic Product (YoY) (4Q) | 3% | 3% | ||
| 09:30 | CH | KOF Swiss Leading Indicator (Mar) | 1.83 | 1.79 | ||
| 12:30 | US | Durable Goods Orders (Feb) | 3.5% | -7.8% | ||
| 13:30 | US | Bernanke testifies before Joint Economic Commitee | ||||