Wednesday, Mar 11, 08:24 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 Four Siblings: EUR/USD, USD/CHF, GBP/USD, USD/JPY by Tim Salem
We had quite a day yesterday with the rebounding "Reversal−of−Fortune" in the U.S. Equity Markets… as we digest the largest Rally of 2009! With the Dow shooting north 379.44 points to 6926.49 at over a 4.5% Appreciation… we stabilize the early Sessions' Risk−Appetite Climate as the Majors retrace after a clear day of Dollar weakness.
FX Market Readings: Next level rise expected 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
FX Instructor Live Trading Room
Expert: Mark De La Paz
Start: Wed, Mar 11, 09:00 GMT
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Type of Session: Webinar
Trading Break Out's And Other Market Views
Expert: Phil Newton
Start: Wed, Mar 11, 10:00 GMT
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Type of Session: Webinar
| Sponsored by | ||||
| Wed, Mar 11, 09:00 GMT | FX Instructor Live Trading Room | Mark De La Paz | WBN | |
| Wed, Mar 11, 10:00 GMT | Trading Break Out's And Other Market Views | Phil Newton | WBN | |
| Wed, Mar 11, 12:00 GMT | US Pre−Market Open  | Ed Ponsi | WBN |  |
| Wed, Mar 11, 13:00 GMT | Profiting from Fear and Greed by trading against the crowd | David Rodríguez | WBN |  |
Current Session: Europe
Forex: EUR/USD: Euro, trying to find a direction at 1.2655
FXstreet.com − The Euro rejection from 1.2727 extends lower and the pair has given away almost 100 pips already, trading below 1.2655 support level , ahead of the European session opening.
If the Euro manages to remain below 1.2655, next support level comes at 1.2585/1.2600, and once below here the Euro could face selling pressure towards 1.2555 intra−week low.
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GBP/USD: The Pound fell to a new three month low at 1.3654 by FXstreet.com
After a timid attempt of an upward reaction from 1.3685, the Pound could reach 1.3800 resistance level, although it failed to hold and dropped during Asian session to a new three−month low at 1.3654.
AUD/USD
Daily Recommended Trades − The Aussie pulls back towards .6400 by E−Forex
The Aussie pulls back towards .6400, the median support zone of yesterday's rally. Intra−day momentum is negative due to the 100 points retracement but .6400 may provide a reversal point if it holds
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
Germany FACTORY ORDERS S.A.
| Date (GMT) | Event | Cons. | Previous | |
| Mar 11 | 11:00 | Factory Orders n.s.a. (YoY) | -26.5% | -25.1% |
| Mar 11 | 11:00 | Factory Orders s.a. (MoM) | -1.0% | -6.9% |
Friday Notes - Germany, New Orders: Demand slump by UniCredit Group
From August to the end of 2008, orders for German industry plummeted almost 25% across the board within a very short timeframe. In January, the order component of the PMI for manufacturing stabilized at a very low level.
[ Full Story ]Top Market Movers Review
Germany PRODUCER PRICE INDEX
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Mar 11 | 07:00 | Producer Price Index (MoM) | -1.2% | -0.1% | -1.0% |
| Mar 11 | 07:00 | Producer Price Index (YoY) | 2.0% | 3.4% | 4.3% |
DATA SNAP: German Jan PPI −1.2% On Month; +2.0% On Year (Dow Jones)
German producer prices in January declined more sharply than expected on the month, partially due to a new base−year calculation, the federal statistics office said Wednesday. Prices at the factory gate fell 1.2% from December, which compares with forecasts for a slight drop of 0.1% in a Dow Jones Newswires survey of economists.
[ Full Story ]Australia HOME LOANS
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Mar 11 | 00:30 | Home Loans | 3.5% | 4.0% | 6.7% |
Australian Jan Housing Finance Rises 3.5% Vs Dec (Dow Jones)
The number of housing−finance approvals in Australia rose a seasonally adjusted 3.5% in January from December, the Australian Bureau of Statistics said Wednesday. Economists surveyed ahead of the announcement on average had expected a rise of 4.0% in January.
[ Full Story ]- Read the Home data at Australian Bureau of Statistics
Economic Events
| Date (GMT) | Country | Event | Actual | Cons. | Previous | |
| Mar 11 | 00:30 | AU | Home Loans (Jan) | 3.5% | 4.0% | 6.7% |
| 00:30 | AU | Investment Lending (Jan) | -3.8% | 3.5% | 1.8% |
|
| 07:00 | DE | Producer Price Index (MoM) (Jan) | -1.2% | -0.1% | -1.0% | |
| 07:00 | DE | Producer Price Index (YoY) (Jan) | 2.0% | 3.4% | 4.3% | |
| 09:30 | UK | Goods Trade Balance (Jan) | -£7.5B | -£7.4B | ||
| 09:30 | UK | Total Trade Balance (Jan) | -£3.6B | |||
| 11:00 | DE | Factory Orders n.s.a. (YoY) | -26.5% | -25.1% | ||
| 11:00 | DE | Factory Orders s.a. (MoM) | -1.0% | -6.9% | ||
| 11:00 | US | MBA Mortgage Applications (Mar 6) | -12.6% | |||
| 12:30 | CA | New Housing Price Index (YoY) (Jan) | -0.3% | 0.4% | ||