Wednesday, Mar 19, 08:44 GMT
EUROPEAN Trading Newsletter
To Get Started
- Webinars VIDEOS: Combining Fundamental and Technical Analysis by S. Wade Hansen
- FOMC Cuts the Funds/Discount Rates: Growth the Goal by Wachovia
- FX Trader of the Year 2008 − Second week ranking
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Live Sessions Schedule
Main Fundamental theme in the Currency market
Expert: Kathy Lien
Start: Wed, Mar 19, 13:00 GMT
Sponsored by: 
Type of Session: Webinar
Forex Mysteries Revealed
Expert: S. Wade Hansen
Start: Wed, Mar 19, 14:00 GMT
Sponsored by: 
Type of Session: Webinar
| Sponsored by | ||||
| Wed, Mar 19, 09:00 GMT | FX Instructor Live Trading Room  | Nader Moustafa | WBN |  |
| Wed, Mar 19, 12:00 GMT | US Pre−Market Open | Ed Ponsi | WBN |  |
| Wed, Mar 19, 13:00 GMT | Main Fundamental theme in the Currency market | Kathy Lien | WBN | |
| Wed, Mar 19, 13:30 GMT | US Session Open | Ed Ponsi | WBN | |
Current Session: Europe
EUR/USD
Daily Recommended Trades − EURUSD daily outlook − Wednesday 03.19.2008 by E−Forex
The Euro lost some ground on yesterday as the U.S. dollar rallied across the board after the FED rate cut of 75 bps. The market reaction has been opposite to expectations since such a large rate cut would weaken the dollar. It is possible that the markets overreacted on the previous rally to 1.5905 by pricing a 100 bps rate cut but it came out "only" 75 bps.
Banks' Analysis
Daily Forex Commentary − … and then it's 2.25% … by Jyske Bank
FX' Signal
Recent Recommended Trades by AceTrader
Currencies at a Glance
- EUR/USD
- Moves up above pivot level 1.5690
03/19/2008 08:03 GMT - GBP/USD
- Moves up above pivot level 2.0104
03/19/2008 08:03 GMT - USD/CHF
- Trades around pivot level 0.9953
03/19/2008 08:03 GMT - USD/JPY
- Trades around pivot level 99.00
03/19/2008 08:04 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 BANK OF ENGLAND MINUTES
| Date (GMT) | Event | Cons. | Previous | |
| Mar 19 | 09:30 | Bank of England Minutes | - | - |
Daily Forex Technical Report − GBP to Take Center Stage as Focus Turns to BOE Minutes by ActionForex.com
The BoE MPC minutes and employment report from UK would play an important role. Markets expect the MPC minutes of the Mar 19 meeting to reveal BoE has decided to keep rates on hold at 5.25% on a 8−1 vote. It's generally expected that BoE will continue to lower interest rates gradually, by 25bps each quarter to 4.50% by year end and markets will look into the minutes to reaffirm this view.
[ Full Story ]Top Market Movers Review
Japan ALL INDUSTRY ACTIVITY INDEX
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Mar 18 | 23:50 | All Industry Activity Index (MoM) | 0.0% | 0.1% | -0.2% |
Japan's all−industries index unchanged in January (Thomson Financial News)
Japan's all−industries index, which covers a broad range of economic activity including spending in the services sector, stood at 107.0 in January, unchanged from December, as weak industrial output offset a strong tertiary sector, the Ministry of Economy, Trade and Industry said Wednesday.
[ Full Story ]- Read the All Industry Activity Index report at Japan Ministry of Economy, Trade and Industry
US FED INTEREST RATE DECISION
Daily Forex Strategy Briefing - Fed Cuts Interest Rates 75 Basis Points by CMS Forex
The dollar traded mixed following Tuesday's US stock rally and 75 basis−point Fed rate cut. Two dissenting FOMC members and the 75−rather−than−100−basis−point cut may indicate that the Fed is getting closer to the end of its policy−easing cycle.
[ Full Story ]- Read the Monetary Policy Report at Federal Reserve
- Fed cut below Latin America expectation; volatility possible − Moody's Economy (Thomson Financial News)
- Forex − Dollar resumes weak trend on expectations Fed to cut rates further (Thomson Financial News)
- Japanese government bonds end morning mixed after Fed rate cut (Thomson Financial News)
Daily Forex Commentary - … and then it's 2.25% … by Jyske Bank
Daily Market Briefing - Dollar Rallies, But be Wary of an Intermeeting Rate Cut by FXCM
Daily Global Commentary - FOMC Meeting: Growth Is the Predominant Concern by Northern Trust
Economic Events
| Date (GMT) | Country | Event | Actual | Cons. | Previous | |
| Mar 18 | 21:00 | US | ABC Consumer Confidence (Mar 16) | -31 | -30 | |
| 23:30 | AU | Westpac Leading Index (MoM) (Jan) | -0.1% | 4.7% | ||
| 23:50 | JP | All Industry Activity Index (MoM) (Jan) | 0.0% | 0.1% | -0.2% | |
| Mar 19 | 02:00 | NZ | Credit Card Spending (Feb) | 8.1 | 8.6 | |
| 09:30 | UK | Average Earnings excluding Bonus (3Mo/Yr) (Jan) | 3.8% | 3.7% | ||
| 09:30 | UK | Average Earnings including Bonus (3Mo/Yr) (Jan) | 3.8% | 3.8% | ||
| 09:30 | UK | Bank of England Minutes (Mar 6) | ||||
| 09:30 | UK | Claimant Count Rate (Feb) | 2.5% | 2.5% | ||
| 09:30 | UK | ILO Unemployment Rate (Jan) | 5.2% | 5.2% | ||
| 09:30 | UK | Jobless Claims Change (Feb) | -5.0 | -10.8 | ||