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Current Session: Europe
USD/JPY
Forex Trading Strategies - Another round of dissapointing Japanese data in the Asian session by Saxo Bank
USD/JPY continues to recover from the recent sharp fell off, but we remain with a daily bearish biass as long as the spot trades below 119.00. For now we remain neutral, for the downside a break below 114.00 is needed to change to a bearish biass and gives scope for a test of 109.00 further out.
- Read our FX advisor's latest comments on the markets
- 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:
Forex Technical Analysis - EUR/USD:(1.3345) Has approached 1.3422 (2nd target of MT Daily Double Bottom off 1.2939) by KBC Bank
Daily Recommended Trades - EUR/USD daily outlook by E-Forex
Currency Journal: Yen slumps as fiscal year ends, 'carry trades' seen returning by Performance Capital
Currencies at a Glance
- EUR/USD
- Trades around 1.3340 , between today's pivot and first resistant
03/30/2007 06:59 GMT - GBP/USD
- Moves down below today's pivot at 1.9630 after bounced at first resistant 1.9647
03/30/2007 06:58 GMT - USD/CHF
- Trades around today's pivot at 1.2166
03/30/2007 06:58 GMT - USD/JPY
- Continues to trade above 117.75 after bounced at today's pivot 117.60
03/30/2007 06:58 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 UNEMPLOYMENT RATE
| Date (GMT) | Event | Cons. | Previous | |
| Mar 30 | 09:00 | Unemployment Rate | 7.3% | 7.4% |
Friday Notes - Pullback in inflation does not mean all-clear for the ECB by HVB Group
In February, we expect the EMU unemployment rate to continue on a steady downward trend, hitting a new historical low at 7.3%. This confirms that the labor market is becoming a key element in supporting consumption growth throughout 2007 (and likely beyond).
[ Full Story ]Top Market Movers Review
Germany RETAIL SALES
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Mar 30 | 06:00 | Retail Sales (YoY) | -1.6% | -1.0% | -1.4% |
| Mar 30 | 06:00 | Retail Sales (MoM) | 0.9% | 0.7% | -4.3% |
German retail sales recover in February (FXstreet.com)
Increasing purchases on durable goods and non food items have helped German retail sales to return to figures over zero in February, as preliminary data from the German statistics office shows. According to Destatis, retail sales increased 0.9% in February from January, recovering from the -4.3% recorded in the previous month.
[ Full Story ]- Read the Retail Sales report at German Federal Statistics Office
- CORRECTION German Feb retail sales up 0.9 pct vs Jan, down 1.6 pct yr-on-yr (AFX News)
- DATA SNAP: German Feb Retail Sales Real Adj +0.9%MM -2- (Dow Jones)
- DATA SNAP: German Feb Retail Sales Real Adj +0.9% On Month (Dow Jones)
Japan NATIONAL CONSUMER PRICE INDEX
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Mar 29 | 23:30 | Tokyo Consumer Price Index s.a. (MoM) | 0.3% | 0.1% | -0.2% |
| Mar 29 | 23:30 | National Consumer Price s.a (MoM) | -0.3% | -0.1% | 0% |
| Mar 29 | 23:30 | Consumer Price Index (YoY) | -0.1% | 0% | 0% |
| Mar 29 | 23:30 | National Consumer Price Index (YoY) | -0.1% | -0.1% | 0% |
Asia Market Update - No surprises as Japanese CPI falls by Trade The News
Japanese consumer prices decline in February, as expected: (JP FEB CORE CPI MOM: -0.2% V -0.1% expected; YOY: -0.1% V -0.1% expected); (JP FEB NATIONAL CPI MOM: -0.3% V -0.1% expected; YOY: -0.2% V -0.1% expected)
[ Full Story ]- Read the Consumer Price Index report at Japan Statistic Bereau
- Japan Feb core CPI down 0.1 pct yr-on-yr, matching forecast (AFX News)
- DATA SNAP: Japan Feb Core CPI Down 0.1% On Year (Dow Jones)
- Japan Outlook: Feb Nationwide CPI, Feb Household Spending (Dow Jones)
Economic Events
| Date (GMT) | Country | Event | Actual | Cons. | Previous | |
| Mar 29 | 23:50 | JP | Industrial Production (YoY) (Feb)  | 2.6% | 2.3% | 4.0% |
| Mar 30 | 05:00 | JP | Housing Starts (YoY) (Feb) | -9.9% | -2.0% | -0.7% |
| 06:00 | DE | Retail Sales (MoM) (Feb) | 0.9% | 0.7% | -4.3% | |
| 06:00 | DE | Retail Sales (YoY) (Feb) | -1.6% | -1.0% | -1.4% | |
| 09:00 | EMU | Consumer Confidence (Mar) | -4 | -5 | ||
| 09:00 | EMU | Consumer Price Index (YoY) (Mar) | 2.0% | 1.8% | ||
| 09:00 | EMU | Economic Confidence (Mar) | 109.7 | 109.7 | ||
| 09:00 | EMU | Unemployment Rate (Mar) | 7.3% | 7.4% | ||
| 09:30 | UK | Gfk Consumer Confidence (Mar) | -7 | -8 | ||
| 12:30 | CA | Averege Weekly Earnings (MoM) (Jan) | 0.2% | 0.1% | ||