Monday, Mar 10, 08:37 GMT
EUROPEAN Trading Newsletter
To Get Started
- Webinars VIDEOS: Mapping The News by John Jagerson
- Review of Mar 6 meeting: Both banks on hold by FXstreet.com
- Check all the information you may need about Futures Markets
- Clocks Change: Spring Forward - Don't get lost!
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Live Sessions Schedule
Weekly Webinar: 1st on Forex − The Week Ahead
Expert: Jerry Furst
Start: Mon, Mar 10, 11:00 GMT
Sponsored by: 
Type of Session: Webinar
Derek Frey's Outlook
Expert: Derek Frey
Start: Mon, Mar 10, 14:00 GMT
Sponsored by: 
Type of Session: Webinar
| Sponsored by | ||||
| Mon, Mar 10, 09:00 GMT | FX Instructor Live Trading Room  | Mihai Marinescu | WBN |  |
| Mon, Mar 10, 11:00 GMT | Weekly Webinar: 1st on Forex − The Week Ahead | Jerry Furst | WBN | |
| Mon, Mar 10, 14:00 GMT | Derek Frey's Outlook | Derek Frey | WBN | |
| Mon, Mar 10, 15:00 GMT | Advanced Methods for Finding Dominant Trends in Forex Markets | Steve Primo | WBN |  |
Current Session: Europe
GBP/USD
Daily Forex Technical Report − Yen Up on Risk Aversion, Dollar Trading in Soft Tone by ActionForex.com
Cables turns into sideway trading after rise from 1.9720 reached as high as 2.0215. Outlook remains unchanged. Intraday bias is on the upside as long as 2.0095 minor support holds and further rally is expected to 100% projection of 1.9360 to 1.9971 from 1.9720 at 2.0331 first. Meanwhile, below 2.0095 will turn intraday outlook consolidative first but further rise is still expected as long as pull back is contained above 1.9720 support.
Other Topics for this Session:
Daily Recommended Trades − EURUSD daily outlook by E−Forex
Pairs to Range Trade − New Zealand Dollar Long Entry Offers Opportunity to Benefit from High Yield by FXCM
Weekly Forex Column − Market Directions Sunday, March 9, 2008 by FX Solutions
Bank's Analysis
Forex Technical Analysis − EUR/USD: (1.5384) New high on break above 1.4923 (neckline Double Bottom: see graph) by KBC Bank
Daily Forex Commentary − CPI from Norway by Jyske Bank
Currency Performance
Currency Performance Report − Asia Session Performance by FXstreet.com
FX Analysts' Comments
Dead−Dollar Bounce? by John Jagerson and S. Wade Hansen by John Jagerson and S. Wade Hansen from Profiting With Forex
FX' Signal
Recent Recommended Trades by AceTrader
Currencies at a Glance
- EUR/USD
- Trades around pivot level 1.5374
03/10/2008 08:04 GMT - GBP/USD
- Trades above pivot level 2.0144
03/10/2008 08:04 GMT - USD/CHF
- Trades below pivot level 1.0222
03/10/2008 08:05 GMT - USD/JPY
- Moves down towards first support level 101.64
03/10/2008 08:05 GMT
Analyst Sentiment Index (ASI)
Analysts Sentiment Index - EUR/USD
**Source : ActionForex.com, CMS Forex, Danske Bank A/S, FXstreet.com, Global Forex Trading, Mizuho Corporate Bank
[ View ASI page ] [ View EUR/USD page ]
Charting the Market Movers
USD JPY, Hourly
GBP USD, Hourly
Top Market Movers Preview
UK INDUSTRIAL PRODUCTION
| Date (GMT) | Event | Cons. | Previous | |
| Mar 10 | 09:30 | Industrial Production (YoY) | - | 0.6% |
| Mar 10 | 09:30 | Industrial Production (MoM) | 0.1% | -0.1% |
Friday Notes - US economy – On the brink of recession? by HVB Group
After a small plus in Q4 (but only thanks to a strong October), industrial production should have been at best flat in January. Higher oil prices, coupled with a gloomier global growth outlook and persistently tight credit conditions should have continued to weigh on manufacturing production, particularly following a significant inventories build−up in Q4.
[ Full Story ]Top Market Movers Review
Germany TRADE BALANCE
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Mar 10 | 07:00 | Trade Balance | 17.1B | 15.5 | 10.7B |
UPDATE: German Jan Trade Surplus EUR17.1B; Beats Forecasts (Dow Jones)
Germany's trade surplus rose more than economists' had predicted, while the current account surplus fell less than expected in January, data from the Federal Statistics Office showed Monday.
[ Full Story ]- Read the Trade balance data at German Statistics
- German trade surplus rose sharply in January (FXstreet.com)
- German Jan trade surplus 17.1 bln eur vs 10.7 bln in Dec; consensus 15.0 bln (Thomson Financial News)
- DATA SNAP: German Jan Trade Surplus EUR17.1B; Beats Forecast (Dow Jones)
Economic Events
| Date (GMT) | Country | Event | Actual | Cons. | Previous | |
| Mar 9 | 23:50 | JP | Bank Lending (YoY) | 0.9% | 0.7% | |
| 23:50 | JP | Core Machinery Orders (MoM) (Jan) | 19.6% | 2.6% | -3.2% | |
| 23:50 | JP | Money Supply M2+CD (YoY) | 2.3% | 2.1% | 2.1% | |
| Mar 10 | 07:00 | DE | Trade Balance (Jan) | 17.1B | 15.5 | 10.7B |
| 09:30 | UK | Industrial Production (MoM) (Jan) | 0.1% | -0.1% | ||
| 09:30 | UK | Industrial Production (YoY) (Jan) | 0.6% | |||
| 09:30 | UK | Manufacturing Production (MoM) (Jan) | 0.1% | -0.1% | ||
| 09:30 | UK | Manufacturing Production (YoY) (Jan) | 0.1% | 0.1% | ||
| 09:30 | UK | Producer Price Index − Input (MoM) s.a (Feb) | 1.6% | 2.6% | ||
| 09:30 | UK | Producer Price Index − Input (YoY) n.s.a (Feb) | 18.3% | 19.1% | ||