Monday, Mar 17, 08:43 GMT
EUROPEAN Trading Newsletter
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- Webinars VIDEOS: Strategic & Tactical FOREX Trading: Part 1 and Part 2 by Wayne McDonell
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Live Sessions Schedule
Weekly Webinar: 1st on Forex − The Week Ahead
Expert: Jerry Furst
Start: Mon, Mar 17, 11:00 GMT
Sponsored by: 
Type of Session: Webinar
US Pre−Market Open
Expert: Ed Ponsi
Start: Mon, Mar 17, 12:00 GMT
Type of Session: Webinar
| Sponsored by | ||||
| Mon, Mar 17, 09:00 GMT | FX Instructor Live Trading Room  | Mihai Marinescu | WBN |  |
| Mon, Mar 17, 11:00 GMT | Weekly Webinar: 1st on Forex − The Week Ahead | Jerry Furst | WBN | |
| Mon, Mar 17, 12:00 GMT | US Pre−Market Open | Ed Ponsi | WBN |  |
| Mon, Mar 17, 13:30 GMT | US Session Open | Ed Ponsi | WBN | |
Current Session: Europe
EUR/USD
Daily Recommended Trades − EURUSD daily outlook − Monday 03.17.2008 by E−Forex
The Euro extended its gains versus the greenback on Friday and rallied to 1.5905 during today's Asian session as the U.S. dollar is highly sold across the board. As we stated on our Friday's report, it seem that we won't get used to writing "1.5xx" before the Euro will be already above the 1.6 mark, it just advanced closer to the mentioned psychological level and it is highly possible that it will gain the remaining 200 points during the upcoming days.
Banks' Analysis
Daily Technical Analysis − JPY: Stand aside if possible by Mizuho Corporate Bank
FX Analysts' Comments
To Save The Dollar − Fed Should Keep Rates Steady! by Jerry Furst, Director Investors Education Network
Currencies at a Glance
- EUR/USD
- Back around second resistant level 1.5786
03/17/2008 07:57 GMT - GBP/USD
- Moves down below opening price level 2.0180 , below pivot level 2.0255
03/17/2008 07:57 GMT - USD/CHF
- Back around second support level 0.9860
03/17/2008 07:58 GMT - USD/JPY
- Back around second support level 97.45
03/17/2008 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 CURRENT ACCOUNT
| Date (GMT) | Event | Cons. | Previous | |
| Mar 17 | 12:30 | Current Account | -$184.4B | -$178.5B |
Friday Notes - The Fed takes the reins by HVB Group
The current account sums up three balances: the deficit on goods and services, the surplus on net investment income, and net unilateral transfers, usually a deficit representing remittances of immigrants sending money back home. The goods and services deficit was USD 178 bn in Q4. Net investment income surplus improved as US short−term interest rates declined. Transfers were probably little changed. Overall, the current account should have improved somewhat.
[ Full Story ]Top Market Movers Review
Switzerland ADJUSTED REAL RETAIL SALES
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Mar 17 | 08:15 | Adjusted Real Retail Sales (YoY) | 1.3% | 2.7% | 1.2% |
Swiss retail sales edged up in January (FXstreet.com)
Retail sales have edged up in Switzerland in January fuelled by larger sales of food, beverages an tobacco, according to data released by the Swiss Statistics Office.
[ Full Story ]- Read the Retail Sales report at Swiss Federal Statistical Office [Text in German].
- Switzerland Adjusted Real Retail Sales (YoY) increase 1.3% in Jan vs 1.2% in Dec (FXstreet.com)
Japan TERTIARY INDUSTRY INDEX
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Mar 16 | 23:50 | Tertiary Industry Index (MoM) | 0.7% | 0.7% | -0.6% |
Japan METI: Jan Tertiary Indus Activity +0.7% On Month (Dow Jones)
Japan's service sector activity in January rose a seasonally adjusted 0.7% from the previous month, the government said Monday, marking the first rise in two months. The Ministry of Economy, Trade and Industry said its tertiary activity index stood at 110.3 in January. In December, the index was down a revised 0.9% at 109.5, the figures showed.
[ Full Story ]- Read the Tertiary Industry Index report at Japan Ministry of Economy, Trade and Industry
- Japan's tertiary index up 0.7 percent in January on higher financial spending (Thomson Financial News)
Economic Events
| Date (GMT) | Country | Event | Actual | Cons. | Previous | |
| Mar 16 | 23:50 | JP | Tertiary Industry Index (MoM) | 0.7% | 0.7% | -0.6% |
| Mar 17 | 05:00 | JP | Leading Economic Index (Jan) | 36.4 | 45.5 | |
| 08:15 | CH | Adjusted Real Retail Sales (YoY) (Jan) | 1.3% | 2.7% | 1.2% | |
| 10:00 | EMU | Employment Change (QoQ) (4Q) | 0.3% | |||
| 10:00 | EMU | Employment Change (YoY) (4Q) | 1.9% | |||
| 12:30 | US | Current Account (4Q) | -$184.4B | -$178.5B | ||
| 12:30 | CA | Manufacturing Shipments (MoM) (Jan) | 0.6% | -3.4% | ||
| 12:30 | US | NY Empire State Manufacturing Index (Mar) | -6.30 | -11.72 | ||
| 13:00 | US | Net Long−term TIC Flows (Jan) | $56.5B | |||
| 13:15 | US | Capacity Utilization (Feb) | 81.3% | 81.5% | ||