Monday, Mar 09, 08:32 GMT
EUROPEAN Trading Newsletter
To Get Started
- Webinar Videos: Catching Redfish off the pool: Trend Lines and Technical Indicators by S.A. Ghafari
- All the events of the day in our Economic Calendar
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Forex Blogs
Forex Trading Today: EUR/USD Still Heavy and Congested…But For How Long? by Tim Salem
We begin the week with the "cornerstone" of the Major Units, the Euro. While the Dollar has certainly been dominant overall the past several Sessions… are we seeing any positive Sentiment coming into the Arena to give the "deeply pressured" EUR/USD some glimmer of Hope?
1st on Forex: The Week Ahead - Charts Setting Up by Jerry Furst
Find other fellow traders to share your comments and market view in the FOREX CHAT
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Live Sessions Schedule
Technical analysis is NOT the trading plan
Expert: Sunil Mangwani
Start: Mon, Mar 9, 09:00 GMT
Sponsored by: 
Type of Session: Webinar
Derek Frey's Outlook
Expert: Derek Frey
Start: Mon, Mar 9, 14:00 GMT
Sponsored by: 
Type of Session: Webinar
| Sponsored by | ||||
| Mon, Mar 9, 09:00 GMT | Technical analysis is NOT the trading plan | Sunil Mangwani | WBN | |
| Mon, Mar 9, 10:00 GMT | FX Instructor Live Trading Room  | Mark De La Paz | WBN |  |
| Mon, Mar 9, 12:00 GMT | US Pre−Market Open | Ed Ponsi | WBN |  |
| Mon, Mar 9, 13:30 GMT | US Session Open | Ed Ponsi | WBN | |
Current Session: Europe
EUR/USD: Euro, down in Asia to 1.2635 support level
FXstreet.com − The Euro has lost almost 100 pips during the Asian trading hours, from a session high at 1.2727 the Euro has dropped to test support line at 1.2635.
On the downside, the Euro could find support at 1.2635, and below there, 1.2600, in case of a large decline, next support level would be at 1.2530/45 area. On the Upside 1,2700 is the closest resistance level, with 1.2750 above, and next 1.2800.
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Daily Technical Analysis − Rally since late January is probably over by Mizuho Corporate Bank
Last week's ‘doji' candle adds weight to our view that the direction for the Yen is very uncertain indeed and that the rally since late January is probably over.
TRADING NEWS
Trading News Report − EUR/USD: Trading the Euro−Zone Sentix Investor Confidence Survey by FXCM
If the Sentix survey rises to −30 or higher, we will look for a green, five−minute candle following the release to confirm a buy entry on two lots of EURUSD. Once these conditions are met, we will set our initial stop at the nearby swing low
Analyst Sentiment Index (ASI)
Analysts Sentiment Index - EUR/USD
**Source : ActionForex.com, CMS Forex, Danske Bank A/S, FXstreet.com, i-knowindices.com, Mizuho Corporate Bank, MolFX - Management
[ View ASI page ] [ View EUR/USD page ]
Charting the Market Movers
USD JPY, Hourly
GBP USD, Hourly
Top Market Movers Preview
EMU SENTIX INVESTOR CONFIDENCE
| Date (GMT) | Event | Cons. | Previous | |
| Mar 9 | 09:30 | Sentix Investor Confidence | -37.80 | -36.13 |
Trading News Report - EUR/USD: Trading the Euro−Zone Sentix Investor Confidence Survey by FXCM
Deteriorating fundamentals paired with increased turmoil in the banking sector is likely to weigh on European investors, and a drop in the Sentix indicator could stoke increased selling pressures for the single−currency as the outlook for future growth turns increasingly bleak.
[ Full Story ]Top Market Movers Review
Japan ADJUSTED CURRENT ACCOUNT
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Mar 8 | 23:50 | Adjusted Current Account | ¥258B | - | ¥557B |
Japan Registers 1st Current Account Deficit In 13 Years (Dow Jones)
Japan registered its first current account deficit in 13 years, the government said Monday, with sharp declines in exports and imports the latest proof that Japan's business activity with the rest of the world is weakening due to a global economic downturn.
[ Full Story ]- Read the Current Account data at Ministry of Finance
- Japan January Current Account Table Of Data (Dow Jones)
Economic Events
| Date (GMT) | Country | Event | Actual | Cons. | Previous | |
| Mar 9 | 05:00 | JP | Eco Watchers Survey: Current (Feb) | 19.4 | 17.1 | |
| 05:00 | JP | Eco Watchers Survey: Outlook (Feb) | 26.5 | 22.1 | ||
| 07:15 | CH | Unemployment Rate (Feb) | 3.4% | 3.2% | 3.3% | |
| 07:15 | CH | Unemployment Rate s.a. (Feb) | 3.1% | 3.1% | 3.0% |
|
| 09:30 | EMU | Sentix Investor Confidence (Mar) | -37.80 | -36.13 | ||
| 12:15 | CA | Housing Starts s.a (YoY) (Feb) | 148.5K | 153.5K | ||
| 21:00 | NZ | NZIER Business Confidence (1Q) | -64 | |||
| Mar 10 | 00:01 | UK | BRC Retail Sales Monitor − All (YoY) (Feb) | 1.1% | ||
| 00:01 | UK | RICS House Price Balance (Feb) | -76% | |||
| 00:30 | AU | ANZ Job Advertisements (Feb) | -6.3% | |||