Thursday, Mar 29, 07:21 GMT
EUROPEAN Trading Newsletter
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How to become a professional trader - System Trading vs. Discretionary Trading: Which Is Better?
Expert: Markus Heitkoetter
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Topics
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Current Session: Europe
EUR/USD
Forex Technical Analysis - EUR/USD:(1.3323) 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 toying back with 1.3320 (monthly Downtrendline off 1992 on synthetic charts).
- Thoughts on the Euro 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
- Read the comments to the latest market moves at our Forex Forum
Other Topics for this Session:
US Trading Preview - The soft durable goods orders for March merely added to the recent slate of weak reports by Forexnews.com
Daily Recommended Trades - EUR/USD daily outlook by E-Forex
Forecast on Forex Majors - Forecast on Forex Majors by FX-Strategy
Currencies at a Glance
- EUR/USD
- Trades below 1.3325 , below today's pivot at 1.3331
03/29/2007 06:45 GMT - GBP/USD
- Continues to trade above today's pivot at 1.9630
03/29/2007 06:46 GMT - USD/CHF
- Continues to trade around opening price level at 1.2161 , above today's pivot at 1.2141
03/29/2007 06:46 GMT - USD/JPY
- Moving up above 117.25 , toward first resistant at 117.76
03/29/2007 06:46 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 UNEMPLOYMENT RATE S.A.
| Date (GMT) | Event | Cons. | Previous | |
| Mar 29 | 07:55 | Unemployment Rate s.a. | 9.2% | 9.3% |
| Mar 29 | 07:55 | Unemployment Change | -46K | -79K |
German March jobless likely down 70,000 to 4.15 mln - report (AFX News)
The number of jobless people in Germany in March fell by about 70,000 from February to 4.15 mln, Bild daily said, citing unidentified experts. The German labor office is expected to publish official jobless figures today.
[ Full Story ]Top Market Movers Review
Japan RETAIL TRADE
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Mar 28 | 23:50 | Retail Trade (YoY) | -0.2% | 0.1% | -0.9% |
Overnight Briefing: Far East Timezone - Retail sales from Japan by Jyske Bank
Japanese retail sales fell a greater-thanexpected 0.2 percent in February from a year earlier, although economists said the data contained signs that consumption was recovering.
[ Full Story ]- Read the Retail Sales report at Japan Ministry of Economy, Trade and Industry
- Japan Feb retail sales down 0.2 pct yr-on-yr; 4th straight monthly fall (AFX News)
- Japan Outlook: Feb Retail Sales, Fujii Speaks (Dow Jones)
Economic Events
| Date (GMT) | Country | Event | Actual | Cons. | Previous | |
| Mar 28 | 23:50 | JP | Retail Trade (YoY) (Feb) | -0.2% | 0.1% | -0.9% |
| Mar 29 | 07:55 | DE | Unemployment Change (Mar) | -46K | -79K | |
| 07:55 | DE | Unemployment Rate s.a. (Mar) | 9.2% | 9.3% | ||
| 08:30 | UK | M4 Money Supply (YoY) (Feb) | 12.8% | |||
| 08:30 | UK | Net Consumer Credit (Feb) | 1.0B | 1.1B | ||
| 10:00 | UK | CBI Distributive Trades Survey - Expected (Apr) | 18 | 16 | ||
| 10:00 | UK | CBI Distributive Trades Survey - Realized (Mar) | 20 | 19 | ||
| 12:30 | US | Core Personal Consumption Expenditure (QoQ) (4Q) | 1.9% | 1.9% | ||
| 12:30 | US | Gross Domestic Product Annualized (4Q) | 2.2% | 2.2% | ||
| 12:30 | US | Gross Domestic Product Price Index (4Q) | 1.7% | 1.7% | ||