Thursday, Mar 13, 08:22 GMT
EUROPEAN Trading Newsletter
To Get Started
- Webinars VIDEOS: Strategic & Tactical FOREX Trading: Part 1 and Part 2 by Wayne McDonell
- US Session Performance by FXstreet.com
- Have a look at the Technical Session for Europe − US
- Tomorrow: LIVE Free Access Day − Register now!
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Live Sessions Schedule
An Overview of Institutional Trading Strategies − Free Access Day
Expert: Andrei Pehar
Start: Thu, Mar 13, 11:00 GMT
Type of Session: Webinar
Weekly Technical Briefing − Free Access Day
Expert: Dan Blystone
Start: Thu, Mar 13, 13:00 GMT
Type of Session: Webinar
| Sponsored by | ||||
| Thu, Mar 13, 11:00 GMT | An Overview of Institutional Trading Strategies − Free Access Day | Andrei Pehar | WBN |  |
| Thu, Mar 13, 12:00 GMT | Choosing The Right Currency At The Right Time − Free Access Day | Valeria Bednarik | WBN | |
| Thu, Mar 13, 13:00 GMT | Weekly Technical Briefing − Free Access Day | Dan Blystone | WBN | |
| Thu, Mar 13, 14:00 GMT | Using fibonacci retracements to identify support and resistance − Free Access Day | John Jagerson | WBN |  |
Current Session: Europe
USD/JPY
Daily Forex Technical Report − EUR/USD at New Record High, USD/JPY Pressing 100 by ActionForex.com
USD/JPY's fall resumes and accelerates after taking out prior low of 101.41, diving to as low as 100.01, pressing the important 100 psychological support. At this point, intraday bias remains on the downside as long as 101.07 minor resistance holds.
Other Topics for this Session:
Daily Market Commentary − The dollar respite on Tuesday was only a one−day wonder by Global Forex Trading
Hedging Range Trades − Hedging Through AUDUSD Congestion Can Keep Bulls In For A Move To Parity by FXCM
Banks' Analysis
Today's Technical Trading Points by Danske Bank A/S
Daily Technical Analysis − EUR: Attempt very, very small longs at 1.55525 but only if prepared to add to 1.5400 by Mizuho Corporate Bank
Forex Trading Strategies − JPY sharply stronger across the board as 100.00 USDJPY level sees first test by Saxo Bank
Currency Performance
Currency Performance Report − Asia Session Performance by FXstreet.com
FX Analysts' Comments
Profiting from fear by John Jagerson and S. Wade Hansen from Profiting With Forex
FX' Signal
Forex Market Outlook on Minors/Crosses by Ace Trader
Currencies at a Glance
- EUR/USD
- Trades around opening price level 1.5565 , above pivot level 1.5490
03/13/2008 07:57 GMT - GBP/USD
- Moves up above first resistant level 2.0351
03/13/2008 07:58 GMT - USD/CHF
- Moves down towards first support level 1.0058
03/13/2008 07:58 GMT - USD/JPY
- Moves down towards second support level 99.57
03/13/2008 07:59 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
US RETAIL SALES
| Date (GMT) | Event | Cons. | Previous | |
| Mar 13 | 12:30 | Retail Sales (MoM) | 0.2% | 0.3% |
| Mar 13 | 12:30 | Retail Sales ex Autos (MoM) | 0.2% | 0.3% |
Weekly Analysis - Greenback waits for strong retail sales by Finotec Group Inc.
This week we expect the dollar to bounce around with the major releases for the week. The trade deficit in the US is expected to widen due to price gains but that's shouldn't affect retail sales. We here at the Finotec dealing desk expect a rise near 0.3% in consumer spending. Inflation is expected to be on the up near 0.3% as energy prices are expected to play a favourable role.
[ Full Story ]Top Market Movers Review
Japan INDUSTRIAL PRODUCTION
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Mar 13 | 04:30 | Industrial Production (MoM) | -2.2% | - | 1.4% |
| Mar 13 | 04:30 | Industrial Production (YoY) | 2.2% | - | 0.8% |
Japan Jan Revised Industrial Output −2.2% M/M Vs −2.0% Prelim (Dow Jones)
The Japanese government Thursday said that industrial output in Japan fell 2.2% on month, revised down from a 2.0% decrease it reported two weeks ago. Revised industrial production data from the Ministry of Economy, Trade and Industry also showed that shipments slipped 1.0% during the month, while inventories dropped 1.4%.
[ Full Story ]- Read the Industrial Production report at Japan Ministry of Economy, Trade and Industry
- Japan's revised Jan industrial output down 2.2 pct; worse than initial estimate (Thomson Financial News)
Australia UNEMPLOYMENT RATE
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Mar 13 | 00:30 | Employment Change | 36.7K | 15.0 | 26.8K |
| Mar 13 | 00:30 | Unemployment Rate | 4.0% | 4.2% | 4.1% |
Overnight Briefing: Far East Timezone - Australian employment jumps by Jyske Bank
Australian employment growth blew past all expectations in February while the jobless rate hit fresh 33−year lows, reviving speculation that the drum−tight labour market might yet spark another rise in interest rates.
[ Full Story ]- Read the Labour Force report at Australian Bureau of Statistics
- Australia's Feb unemployment rate 4.0 percent, lowest since 1974 (Thomson Financial News)
- DATA SNAP: Australian Feb Unemployment Rate 4.0% (Dow Jones)
Chart of the Day - Chart of the Day − AUD/USD by FX Solutions
Currencies: Technical Strategies - New Rally for the Aussie Dollar? by fxKnight.com
Economic Events
| Date (GMT) | Country | Event | Actual | Cons. | Previous | |
| Mar 13 | 04:00 | JP | Tokyo Condominium Sales (YoY) (Feb) | -28.0% | -19.1% | |
| 04:30 | JP | Capacity Utilization (Jan) | 107.4 | 110.2 | ||
| 04:30 | JP | Industrial Production (MoM) (Jan) | -2.2% | 1.4% | ||
| 04:30 | JP | Industrial Production (YoY) (Jan) | 2.2% | 0.8% | ||
| 09:00 | EMU | ECB Publishes Monthly Report (Mar) | ||||
| 12:30 | US | Continuing Jobless Claims (Mar 1) | 2831K | |||
| 12:30 | US | Import Price Index (MoM) (Feb) | 0.8% | 1.7% | ||
| 12:30 | US | Import Price Index (YoY) (Feb) | 13.7% | |||
| 12:30 | US | Initial Jobless Claims (Mar 8) | 355K | 351K | ||
| 12:30 | US | Retail Sales (MoM) (Feb) | 0.2% | 0.3% | ||