Tuesday, Mar 11, 08:22 GMT
EUROPEAN Trading Newsletter
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Live Sessions Schedule
FX Instructor Live Trading Room
Expert: Nader Moustafa
Start: Tue, Mar 11, 09:00 GMT
Sponsored by: 
Type of Session: Webinar
Technical Analysis Bootcamp: The indicators you need to know and how to interpret them
Expert: Dan Blystone
Start: Tue, Mar 11, 14:00 GMT
Type of Session: Webinar
| Sponsored by | ||||
| Tue, Mar 11, 08:00 GMT | Outlook for the major currencies this week | Ian Copsey | WBN |  |
| Tue, Mar 11, 09:00 GMT | FX Instructor Live Trading Room | Nader Moustafa | WBN | |
| Tue, Mar 11, 13:00 GMT | Trading The Crosses Against The Majors  | Adam Rosen | WBN |  |
| Tue, Mar 11, 14:00 GMT | Technical Analysis Bootcamp: The indicators you need to know and how to interpret them | Dan Blystone | WBN | |
Current Session: Europe
USD/JPY
Currency Majors Technical Analysis − USD/JPY is in an downtrend by Mataf.net
101,97. USD JPY is in an downtrend directed by 1H exponential moving averages. The volatility is high. Bollinger bands are parallel and form the trend. ForexTrend 4H, daily (Mataf Trend Indicator) is in a bearish configuration. 4H ForexSto (Modified Stochastic) indicate a bearish pressure on USD JPY. The price should find a resistance below 102,20. The downtrend should continue to gather momentum. The target is expected at 100,00.
Other Topics for this Session:
Daily Recommended Trades − EURUSD daily outllok by E−Forex
Market Session Recaps − Asia Session by FOREX.com
Bank's Analysis
Today's Technical Trading Points by Danske Bank A/S
Daily Technical Analysis − EUR: Attempt small longs at 1.5350, adding to 1.5300 by Mizuho Corporate Bank
Forex Technical Analysis − EUR/USD: (1.5364) New high on break above 1.4923 (neckline Double Bottom: see graph) by KBC Bank
Currency Performance
Currency Performance Report − Asia Session Performance by FXstreet.com
FX Analysts' Comments
FOREX Training Video − New York Session March 10, 2008 by Wayne McDonell, FxBootcamp.com
Currencies at a Glance
- EUR/USD
- Trades around pivot level 1.5355
03/11/2008 07:56 GMT - GBP/USD
- Trades around opening price level 2.0056 , below pivot level 2.0109
03/11/2008 07:56 GMT - USD/CHF
- Trades around pivot level 1.0206
03/11/2008 07:58 GMT - USD/JPY
- Moves up above pivot level 101.93
03/11/2008 08:00 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
Germany ZEW SURVEY − ECONOMIC SENTIMENT
| Date (GMT) | Event | Cons. | Previous | |
| Mar 11 | 10:00 | ZEW Survey − Economic Sentiment | -40.0 | -39.5 |
| Mar 11 | 10:00 | ZEW Survey − Economic Sentiment | -42.0 | -41.4 |
EMU economic indicators - German ZEW economic sentiment is expected to deteriorate in March by BHF−Bank
In March, German ZEW economic sentiment is expected to decline again. The US ISM manufacturing index and the ifo business expectations in the German business sector have both deteriorated. German short−term interest rates have increased, but long−term interest rates have declined recently.
[ Full Story ]Daily Forex Outlook - Shares fall further whilst oil trades at a record high. German ZEW survey out today by Easy Forex
Top Market Movers Review
Australia HOME LOANS
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Mar 11 | 00:30 | Home Loans | 2.3% | 0.9% | 0.1% |
Australian Jan Housing Finance Rises 2.3% Vs Dec (Dow Jones)
The number of housing−finance approvals in Australia rose a seasonally adjusted 2.3% in January from December, the Australian Bureau of Statistics said Tuesday. Economists surveyed ahead of the announcement on average had expected a rise of 1.0% in January.
[ Full Story ]- Read the Home Loans report at Australian Bureau of Statistics
UK BRC RETAIL SALES MONITOR − ALL
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Mar 11 | 00:01 | BRC Retail Sales Monitor − All (YoY) | 1.5% | - | 2.6% |
UK Feb retail sales slow as consumers tighten belt − BRC (Thomson Financial News)
UK high street sales slowed in February as a fall in confidence led price−conscious consumers to rein in their spending following Christmas and the New Year sales, a leading business lobby reported. The British Retail Consortium's monthly retail monitor for February, carried out with KPMG, showed sales were up 1.5 pct year−on−year on a like−for−like basis, which strips out the impact of new retail space.
[ Full Story ]- Read the Retail Sales Monitor report at BRC website
Economic Events
| Date (GMT) | Country | Event | Actual | Cons. | Previous | |
| Mar 11 | 00:01 | UK | BRC Retail Sales Monitor − All (YoY) (Feb) | 1.5% | 2.6% | |
| 00:01 | UK | RICS House Price Balance (Feb) | -64.1% | -54.7% | -54.7% | |
| 00:30 | AU | Home Loans (Jan) | 2.3% | 0.9% | 0.1% | |
| 00:30 | AU | Investment Lending (Jan) | 8.3% | -3.0% | ||
| 10:00 | DE | ZEW Survey − Economic Sentiment (Mar) | -40.0 | -39.5 | ||
| 10:00 | EMU | ZEW Survey − Economic Sentiment (Mar) | -42.0 | -41.4 | ||
| 12:30 | CA | International Merchandise Trade (Jan) | $2.30B | $2.35B | ||
| 12:30 | CA | New Housing Price Index (YoY) (Jan) | 0.3% | 0.1% | ||
| 12:30 | US | Trade Balance (Jan) | -$59.50B | -$58.76 | ||
| 15:30 | UK | Leading Indicator Index (Jan) | -0.4% | |||