Wednesday, Mar 26, 08:40 GMT
EUROPEAN Trading Newsletter
To Get Started
- Forex JumpStart Videos: Learn the Forex basics or review your knowledge with Adam Rosen!
- FX Trader of the Year 2008 − 3rd week ranking
- Deep Inside The US Dollar Index
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Live Sessions Schedule
First Quarter Review
Expert: Adam Rosen
Start: Wed, Mar 26, 11:00 GMT
Type of Session: Webinar
Level of Sentiment in the FX Market
Expert: Boris Schlossberg
Start: Wed, Mar 26, 13:00 GMT
Sponsored by: 
Type of Session: Webinar
| Sponsored by | ||||
| Wed, Mar 26, 09:00 GMT | FX Instructor Live Trading Room  | Nader Moustafa | WBN |  |
| Wed, Mar 26, 11:00 GMT | First Quarter Review | Adam Rosen | WBN |  |
| Wed, Mar 26, 12:00 GMT | US Pre−Market Open | Ed Ponsi | WBN | |
| Wed, Mar 26, 13:00 GMT | Level of Sentiment in the FX Market | Boris Schlossberg | WBN | |
Current Session: Europe
EUR/USD
Daily Market Commentary The dollar came under fire by Global Forex Trading
Once trading resumed around the world, the dollar came under fire. This means its earlier strength was only a bounce within the downtrend. With a wave of weak economic data, that's not hard to swallow. Wednesday should see more soft US data (home sales and durable goods orders). Expect choppy to lower bias for the dollar.
- Understanding The Exact Process Behind The Movement In Price by Sam Seiden
- Check out how pairs moved: Live Currency Rates & Charts
- Follow up the most relevant Economic Data in the new Real Time Economic Calendar
Other Topics for this Session:
Short Term Analysis EURUSD rebounded sharply from 1.5342 by ForexCycle.com
Currency Majors Technical Analysis by Mataf.net
Currency Performance
Currency Performance Report − US Session Performance by FXstreet.com
FX Analysts' Comments
USD/CAD Post News Trade Review by Wayne McDonell, FxBootcamp.com
FX' Signal
Spot Forex Trades − USDJPY Signal by ForexSurvivor
Currencies at a Glance
- EUR/USD
- Trades above pivot level 1.5564
03/26/2008 07:52 GMT - GBP/USD
- Trades around opening price level 2.0048 , above pivot level 1.9987
03/26/2008 07:56 GMT - USD/CHF
- Trades around pivot level 1.0109
03/26/2008 07:56 GMT - USD/JPY
- Trades around pivot level 100.22
03/26/2008 07:57 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 IFO − BUSINESS CLIMATE
| Date (GMT) | Event | Cons. | Previous | |
| Mar 26 | 09:00 | IFO − Current Assessment | 109.5 | 111.6 |
| Mar 26 | 09:00 | IFO − Business Climate | 103.5 | 104.1 |
Daily Forex Technical Report − Focus on Germany Ifo and ECB Trichet by ActionForex.com
Euro retreats mildly against the greenback as markets look into Germany Ifo index today. The business climate index is expected to ease back to 103.3 in Mar, after surprised improvement to 104.1 in Feb.
[ Full Story ]Daily Forex Outlook - Dollar falls on Poor Consumer Confidence. New Home Sales and German IFO key by Easy Forex
Daily Fx Strategy - Euro Faces IFO Test by CMC Markets
Top Market Movers Review
Japan CORPORATE SERVICE PRICE
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Mar 25 | 23:50 | Corporate Service Price (YoY) | 0.7% | 0.8% | 0.8% |
Japan Feb Corp Svc Prices +0.3% On Mo, +0.7% On Yr (Dow Jones)
The Bank of Japan's corporate service price index for February stood at 94.1, up 0.3% from January and up 0.7% from a year earlier, the central bank said Wednesday. This marked the 19th straight month of on−year growth for the CSPI, but was lower than the 0.7% on−year rise forecast by economists surveyed by Dow Jones and Nikkei.
[ Full Story ]- Read the Corporate Service Price Index report at Bank of Japan
- Japan Feb Corporate Service Price Index Table Of Data (Dow Jones)
- Japan's February corporate services price index up 0.7 percent (Thomson Financial News)
Japan MERCHANDISE TRADE BALANCE TOTAL
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Mar 25 | 23:50 | Adjusted Merchandise Trade Balance | ¥598.4B | ¥769.2B | ¥861.9B |
| Mar 25 | 23:50 | Merchandise Trade Balance Total | ¥970.0B | ¥1155.4B | -¥794.3B |
Japan's trade surplus rises 0.9 pct in February, but misses forecast − UPDATE (Thomson Financial News)
Japan's merchandise trade surplus rose 0.9 percent to 969.97 billion yen in February from a year earlier, as firm exports to Asia and Europe offset slowing US demand, the Ministry of Finance said Wednesday.
[ Full Story ]- Read the Trade Balance report at Japan Ministry of Finance
- Forex − Dollar extends fall vs yen in afternoon trade on Japan exports, US woes (Thomson Financial News)
- CORRECTION − Japan's February trade figures with Asia, US and EU (Thomson Financial News)
- Japan's February trade figures with Asia, US and EU (Thomson Financial News)
Economic Events
| Date (GMT) | Country | Event | Actual | Cons. | Previous | |
| Mar 25 | 23:50 | JP | Adjusted Merchandise Trade Balance (Feb) | ¥598.4B | ¥769.2B | ¥861.9B |
| 23:50 | JP | Corporate Service Price (YoY) (Feb) | 0.7% | 0.8% | 0.8% | |
| 23:50 | JP | Merchandise Trade Balance Total (Feb) | ¥970.0B | ¥1155.4B | -¥794.3B | |
| 23:50 | JP | Trade Balance − BOP Basis (Feb) | ¥85.8B | |||
| Mar 26 | 09:00 | EMU | Current Account n.s.a (Jan) | 1.9B | ||
| 09:00 | EMU | Current Account s.a (Dec) | -10.3B | |||
| 09:00 | DE | IFO − Business Climate (Mar) | 103.5 | 104.1 | ||
| 09:00 | DE | IFO − Current Assessment (Mar) | 109.5 | 111.6 | ||
| 10:00 | EMU | Industrial New Orders (YoY) (Jan) | 3.3% | 2.1% | ||
| 10:00 | EMU | Industrial New Orders s.a. (MoM) (Jan) | 0.2% | -3.6% | ||