Monday, Mar 31, 08:00 GMT
EUROPEAN Trading Newsletter
To Get Started
- Webinar Videos: Longer-term Support and Resistance Trading: Setups and Rules by Rob Booker
- Technical Summary for Majors by Windsor Brokers Ltd
- European Market Update by Trade The News
- Recent Recommended Trades by AceTrader
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Live Sessions Schedule
Weekly Webinar: 1st on Forex − The Week Ahead
Expert: Jerry Furst
Start: Mon, Mar 31, 11:00 GMT
Sponsored by: 
Type of Session: Webinar
Derek Frey's Outlook
Expert: Derek Frey
Start: Mon, Mar 31, 14:00 GMT
Sponsored by: 
Type of Session: Webinar
| Sponsored by | ||||
| Mon, Mar 31, 11:00 GMT | Weekly Webinar: 1st on Forex − The Week Ahead | Jerry Furst | WBN | |
| Mon, Mar 31, 12:00 GMT | US Pre−Market Open  | Ed Ponsi | WBN |  |
| Mon, Mar 31, 13:30 GMT | US Session Open | Ed Ponsi | WBN | |
| Mon, Mar 31, 14:00 GMT | Derek Frey's Outlook | Derek Frey | WBN | |
Current Session: Europe
GBP/USD
Daily Forex Technical Report − Markets in Tight Range, Sterling to Resume Fall by ActionForex.com
Cable's recovery was limited at 1.9979 and dives again into European session. At this point, intraday bias remains on the downside as long as 1.9979 minor resistance holds. As discussed before, with 4 hours MACD staying below signal line, further decline is expected to retest 1.9736 support.
- 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
Banks' Analysis
Forex Technical Analysis − EUR/USD: (1.5796) Tried to regain Uptrendline off 1.4777 by KBC Bank
FX' Signal
Spot Forex Trades − False Alarm: Asia Yen Crosses Rallies by ForexSurvivor
[ Full Story ]Currencies at a Glance
- EUR/USD
- Trades around pivot level 1.5792
03/31/2008 07:57 GMT - GBP/USD
- Moves down below first support level 1.9853
03/31/2008 07:57 GMT - USD/CHF
- Moves down below pivot level 0.9936
03/31/2008 07:57 GMT - USD/JPY
- Stays above pivot level 99.45
03/31/2008 05:53 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 CONSUMER PRICE INDEX
| Date (GMT) | Event | Cons. | Previous | |
| Mar 31 | 09:00 | Consumer Price Index (YoY) | 3.3% | 3.3% |
Friday Notes - Lessons from prior banking crises by HVB Group
We expect inflation to accelerate to 3.4% in March. Upward pressure should come from food – on a steadily rising trend − and energy, likely pushed higher by the jump that took oil prices to USD 110 pb. We have penciled in a moderate increase in core inflation too, given the fading of the positive base effect related to the German VAT hike and the possible impact of the early Easter.
[ Full Story ]Top Market Movers Review
Japan HOUSING STARTS
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Mar 31 | 05:00 | Housing Starts (YoY) | -5.0% | -1.0% | -5.7% |
Japan Feb Housing Starts Down 5.0% On Year (Dow Jones)
Japan's housing starts fell 5.0% in February from a year earlier to 82,962 units, the Ministry of Land, Infrastructure and Transport said Monday. The decline was larger than the 1.0% drop forecast by a Dow Jones/Nikkei poll of economists. That was the eighth consecutive month of falls after orders dropped 5.7% in January and 19.2% in December.
[ Full Story ]- Read the Housing Starts report at Japan Ministry of Land, Infrastructure and Transport
- Japan housing starts extend fall in February but at slower pace (Thomson Financial News)
- Japan Feb Construction Orders Up 18.4% On Year (Dow Jones)
Japan INDUSTRIAL PRODUCTION
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Mar 30 | 23:50 | Industrial Production (MoM) | -1.2% | -2.0% | -2.2% |
| Mar 30 | 23:50 | Industrial Production (YoY) | 4.2% | 2.9% | 2.2% |
Japan Feb Indus Output −1.2% On Month; Mkt Expected − 2.2% (Dow Jones)
Japanese industrial output fell 1.2% on month in February, for the second consecutive month of falls, the government said Monday. Economists surveyed by Dow Jones Newswires and Nikkei estimated on average that industrial production had fallen 2.2% in February after adjustment for seasonal factors. The Ministry of Economy, Trade and Industry left its assessment of industrial output unchanged at "flat" for the third straight month.
[ Full Story ]- Read the Industrial Production report at Ministry of Economy, Trade and Industry
- Japanese industrial output down 1.2 percent in February from January − UPDATE (Thomson Financial News)
- Japanese industrial output down 1.2 percent in February from January (Thomson Financial News)
Economic Events
| Date (GMT) | Country | Event | Actual | Cons. | Previous | |
| Mar 30 | 23:50 | JP | Industrial Production (MoM) (Feb)  | -1.2% | -2.0% | -2.2% |
| Mar 31 | 03:00 | NZ | Business Confidence (Mar) | -57.9 | -43.9 | |
| 05:00 | JP | Housing Starts (YoY) (Feb) | -5.0% | -1.0% | -5.7% | |
| 05:45 | CH | SECO Economic Forecasts | ||||
| 08:00 | EMU | M3 (YoY) (Feb) | 11.5% | 11.5% | ||
| 08:30 | UK | Index of Services (Jan) | 0.5% | 0.6% | ||
| 09:00 | EMU | Consumer Confidence (Mar) | -12 | -12 | ||
| 09:00 | EMU | Consumer Price Index (YoY) (Mar) | 3.3% | 3.3% | ||
| 09:00 | EMU | Economic Confidence (Mar) | 100.0 | 100.1 | ||
| 12:30 | CA | Gross Domestic Product (MoM) (Jan) | 0.5% | -0.7% | ||