Tuesday, Mar 10, 08:27 GMT
EUROPEAN Trading Newsletter
To Get Started
- Webinar Videos: Multi-time frames for entry and exit signals in Forex by Peter Leonidou
- All the events of the day in our Economic Calendar
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Forex Blogs
Forex Trading Today: The Triangles of AUD/USD and USD/CAD by Tim Salem
We begin with a check of various Correlative Units that we work with quite a bit… and considering the massive Break on the Canadian Dollar and the "building of energy" to Break our Aussie Daily Formation. ( I thought we would check in with their Gold and Crude "Cousins" as well later in the day… so we will add them to the mix…)
FX Market Readings: EURO and GBP are expected to make surprise rise by Dr.S. Sivaraman
Find other fellow traders to share your comments and market view in the FOREX CHAT
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Live Sessions Schedule
The Weather Report: Ichimoku Cloud Trading
Expert: Chris Capre
Start: Tue, Mar 10, 14:00 GMT
Type of Session: Webinar
Trading with Autochartist
Expert: Raghee Horner
Start: Tue, Mar 10, 15:00 GMT
Type of Session: Webinar
| Sponsored by | ||||
| Tue, Mar 10, 11:00 GMT | FX Instructor Live Trading Room  | Mark De La Paz | WBN |  |
| Tue, Mar 10, 12:00 GMT | US Pre−Market Open | Ed Ponsi | WBN |  |
| Tue, Mar 10, 13:30 GMT | US Session Open | Ed Ponsi | WBN | |
| Tue, Mar 10, 14:00 GMT | The Weather Report: Ichimoku Cloud Trading | Chris Capre | WBN | |
Current Session: Europe
EUR/USD: Euro rises towards 1.2727
FXstreet.com − The Euro has posted a sharp recovery during Tuesday's Asian Trading session. After having hit 1.2578, the Euro has taken back all the ground lost on Monday rallying almost 150 pips and crawling on its way towards 1.2727 intra−week high.
The European currency is trading on a bullish trending support line, from Mar 3 low at 1.2455. At the moment the Euro has suffered an slight setback on its first attempt to take 1.2727, but the three−hour chart confirms the bullish trend.
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Foreing Exchange − Cable: Remains weak below the interim falling resistance coming in at 1.4359 today by Avantage Financial GMBH
Remains weak below the interim falling resistance coming in at 1.4359 today. The break below 1.40 this morning now opens for a possible test of that yearly low at 1.3501.
USD/JPY
Daily Technical Analysis − USD/JPY: Consolidating between 97.00 and 99.50 by Mizuho Corporate Bank
Consolidating between 97.00 and 99.50 in what might turn out to be an interim high. While below the psychological level at 100.00 we shall continue to favour a drop back down towards the 93.00 area.
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
UK INDUSTRIAL PRODUCTION
| Date (GMT) | Event | Cons. | Previous | |
| Mar 10 | 09:30 | Manufacturing Production (YoY) | -9.9% | -10.2% |
| Mar 10 | 09:30 | Industrial Production (MoM) | -1.2% | -1.7% |
| Mar 10 | 09:30 | Manufacturing Production (MoM) | -1.5% | -2.2% |
| Mar 10 | 09:30 | Industrial Production (YoY) | - | -9.4% |
Friday Notes - UK Industrial: Manufacturing recession to ease by UniCredit Group
The contraction in manufacturing production should ease somewhat in January and (throughout the quarter). Surveys indicators have been mixed at the start of the year, with the January manufacturing PMI marking a small rebound before declining again in February and the Confederation of British Industries reading continuing to decline.
[ Full Story ]Top Market Movers Review
Germany CONSUMER PRICE INDEX
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Mar 10 | 07:00 | Consumer Price Index (YoY) | 1.0% | 1.0% | 0.9% |
| Mar 10 | 07:00 | Consumer Price Index (MoM) | 0.6% | 0.6% | -0.5% |
DATA SNAP: German Final Feb CPI Unchanged From Prelim Data (Dow Jones)
German consumer prices rose by 0.6% in February from January and increased 1.0% on the year, the Federal Statistics Office said Tuesday, confirming its preliminary data. Economists polled by Dow Jones Newswires had expected the figures to remain unchanged from the first reading, published Feb. 27.
[ Full Story ]- Read the CPI data at German Statistics
- Germany Feb Consumer Price Index rises 0.6% MoM, +1% YoY (FXstreet.com)
Economic Events
| Date (GMT) | Country | Event | Actual | Cons. | Previous | |
| Mar 10 | 06:00 | JP | Machine Tool Orders (YoY) (Feb)  | -83.9% | -84.1% |
|
| 07:00 | DE | Consumer Price Index (MoM) (Feb) | 0.6% | 0.6% | -0.5% | |
| 07:00 | DE | Consumer Price Index (YoY) (Feb) | 1.0% | 1.0% | 0.9% | |
| 07:00 | DE | Trade Balance (Jan) | 8.5B | 8.3B | 7.3B |
|
| 09:30 | UK | Industrial Production (MoM) (Jan) | -1.2% | -1.7% | ||
| 09:30 | UK | Industrial Production (YoY) (Jan) | -9.4% | |||
| 09:30 | UK | Manufacturing Production (MoM) (Jan) | -1.5% | -2.2% | ||
| 09:30 | UK | Manufacturing Production (YoY) (Jan) | -9.9% | -10.2% | ||
| 12:00 | DE | Import Price Index (MoM) (Jan) | -0.3% | -4.0% | ||
| 12:00 | DE | Import Price Index (YoY) (Jan) | -6.1% | -5.1% | ||