Thursday, Mar 20, 08:43 GMT
EUROPEAN Trading Newsletter
To Get Started
- Webinars VIDEOS: Weekly Technical Briefing by Dan Blystone
- Europe Session Performance by FXstreet.com
- Central Banks: Fed − Mar 18 Meeting: 75bp rate cut by FXstreet.com
- Eurodollar Future – June 2008 by Mizuho Corporate Bank
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Live Sessions Schedule
MONTHLY WEBINAR: Forex Options: Boost your bottom line − Part 1
Expert: Derek Frey
Start: Thu, Mar 20, 14:00 GMT
Sponsored by: 
Type of Session: Webinar
| Sponsored by | ||||
| Thu, Mar 20, 14:00 GMT | MONTHLY WEBINAR: Forex Options: Boost your bottom line − Part 1 | Derek Frey | WBN | |
| Thu, Mar 20, 16:00 GMT | MONTHLY WEBINAR: Forex Options: Boost your bottom line − Part 2  | Derek Frey | WBN | |
| Tue, Mar 25, 09:00 GMT | FX Instructor Live Trading Room | Nader Moustafa | WBN |  |
| Tue, Mar 25, 12:00 GMT | US Pre−Market Open | Ed Ponsi | WBN |  |
Current Session: Europe
EUR/USD
Forex Technical Analysis − EUR/USD: (1.5593) Currently back below channel off 1.4777 (see graph) by KBC Bank
Drop from 1.5905 (Shooting Star candle) puts the pair currently back below daily Uptrendline off 1.3358 (1.5632 today) and back below channel off 1.4777: 1st Support area at 1.5569 (today's low? + daily projection band bottom), with next levels at 1.5541/ .5531 (23.6% 1.4365 to 1.5905 + daily envelope bottom/ previous reaction low hourly): suspect tough on 1st attempts.
Banks' Analysis
Forex Trading Strategies − USD storms higher as bottom falls out of commodity currencies by Saxo Bank
Currency Performance
Currency Performance Report − Asia Session Performance by FXstreet.com
Currencies at a Glance
- EUR/USD
- Moves down towards first support level 1.5554
03/20/2008 08:17 GMT - GBP/USD
- Trades around opening price level 1.9830 , below pivot level 1.9928
03/20/2008 08:17 GMT - USD/CHF
- Moves up towards first resistant level 1.0053
03/20/2008 08:17 GMT - USD/JPY
- Trades above pivot level 98.93
03/20/2008 08:18 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
EMU PMI MANUFACTURING
| Date (GMT) | Event | Cons. | Previous | |
| Mar 20 | 09:00 | PMI Manufacturing | 52.0 | 52.3 |
| Mar 20 | 09:00 | Purchasing Manager Index Services | 52.3 | 52.3 |
EMU economic indicators - The RBS purchasing managers' index for the EMU manufacturing sector by BHF−Bank
The RBS purchasing managers' index for the EMU manufacturing sector and the Italian consumer confidence might have remained unchanged at best in March. However, the RBS purchasing managers' index for the German manufacturing sector could have improved, as most of the correlated ifo indicators went up recently.
[ Full Story ]Top Market Movers Review
Germany PMI MANUFACTURING
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Mar 20 | 09:00 | Purchasing Manager Index Services | - | 52.3 | 52.3 |
| Mar 20 | 08:30 | PMI Manufacturing | 54.9 | 54.0 | 54.3 |
German Preliminary Mfg, Services PMIs Rose In March (Dow Jones)
The German economy picked up in March, with both manufacturers and service providers reporting a stronger expansion of their activities.
[ Full Story ]- NTC Economics homepage
- German Manufacturing and Services PMI increase slightly in March (FXstreet.com)
- Germany Mar PMI Manufacturing up to 54.9 vs 54.3 in Feb (FXstreet.com)
- Germany Purchasing Manager Index Services up to 52.5 in Mar from 52.2 in Feb (FXstreet.com)
Germany PRODUCER PRICE INDEX
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Mar 20 | 07:00 | Producer Price Index (MoM) | 0.7% | 0.3% | 0.8% |
| Mar 20 | 07:00 | Producer Price Index (YoY) | 3.8% | 3.4% | 3.3% |
German Feb PPI +0.7% On Mo, +3.8% On Yr, Stronger Than Seen (Dow Jones)
German producer prices accelerated faster than expected in February, primarily due to energy costs, the Federal Statistics Office Destatis said Thursday.
[ Full Story ]- Read the Producer prices data at German Statistics
- German Feb PPI up 0.7 pct from Jan, up 3.8 pct yr−on−yr (Thomson Financial News)
- German Producer Prices Index rises 3.8% year−on−year in February (FXstreet.com)
- Germany Producer Price Index rises 0.7% in Feb; 3.8% up on the year (FXstreet.com)
Economic Events
| Date (GMT) | Country | Event | Actual | Cons. | Previous | |
| Mar 20 | 08:15 | CH | Producer and Import Prices (MoM) (Feb) | 0.2% | 0.3% | 0.5% |
| 08:15 | CH | Producer and Import Prices (YoY) (Feb) | 3.6% | 3.7% | 3.7% | |
| 08:30 | DE | PMI Manufacturing (Mar)  | 54.9 | 54.0 | 54.3 | |
| 08:30 | DE | Purchasing Manager Index Services (Mar) | 52.5 | 51.9 | 52.2 | |
| 09:00 | EMU | PMI Manufacturing (Mar) | 52.0 | 52.3 | ||
| 09:00 | EMU | Purchasing Manager Index Services (Mar) | 52.3 | 52.3 | ||
| 09:30 | UK | M4 Money Supply (MoM) (Feb) | 0.9% | 0.6% | ||
| 09:30 | UK | M4 Money Supply (YoY) (Feb) | 12.9% | 8.8% | ||
| 09:30 | UK | M4 Sterling Lending (Feb) | £16.5B | £21.8B | ||
| 09:30 | UK | Public Sector Net Borrowing (Feb) | £2.5B | -£14.1B | ||