Thursday, Mar 12, 08:36 GMT
EUROPEAN Trading Newsletter
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- Webinar Videos: Multi-time frames for entry and exit signals in Forex by Peter Leonidou
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Forex Blogs
The Trader's Edge: EUR/CHF Long Term Trade Set Up by Ross Yamashita
Let's take a look at the EUR/CHF daily chart. This is a longer term chart and trade set up. We have an ED forming − which we outlined by the two black lines. Look for a short sell off and then a sharp, strong move upwards.
Forex Trading Today: EUR/USD and USD/CHF Return to Correlation with Risk Appetite by Tim Salem
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Live Sessions Schedule
Low Risk Breakout Trading in Forex − Free Access Day
Expert: Sam Seiden
Start: Thu, Mar 12, 09:00 GMT
Type of Session: Webinar
US Pre−Market Open− Free Access Day
Expert: Ed Ponsi
Start: Thu, Mar 12, 12:00 GMT
Type of Session: Webinar
| Sponsored by | ||||
| Thu, Mar 12, 09:00 GMT | Low Risk Breakout Trading in Forex − Free Access Day | Sam Seiden | WBN |  |
| Thu, Mar 12, 11:00 GMT | FX Instructor Live Trading Room − Free Access Day | Mark De La Paz | WBN |  |
| Thu, Mar 12, 12:00 GMT | US Pre−Market Open− Free Access Day | Ed Ponsi | WBN | |
| Thu, Mar 12, 13:30 GMT | US Session Open − Free Access Day | Ed Ponsi | WBN | |
Current Session: Europe
USD/JPY: Dollar attempts to pick up from new 2−week low at 95.95
FXstreet.com − The Yen has been the biggest winner on Thursday's Asian session. Dollar has posted another downward correction and, after rejection at the 99.15 resistance level, the Dollar has reacted downwards aggressively giving away almost 300 pips from a session high around 98.90 to a fresh 2−weeks low at 95.95.
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Foreing Exchange − Cable: Remains weak below the interim falling resistance coming in at 1.4285 today by Avantage Financial GMBH
Remains weak below the interim falling resistance coming in at 1.4285 today. The break below 1.40 Monday opens for a possible test of that yearly low at 1.3501.
TRADING NEWS
Trading News Report − EUR/USD: Trading the U.S. Advanced Retail Sales Report by FXCM
If retail spending rises for the second month, we will look for a red, five−minute candle following the release to confirm a sell entry on two lots of EURUSD.
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 INDUSTRIAL PRODUCTION S.A.
| Date (GMT) | Event | Cons. | Previous | |
| Mar 12 | 11:00 | Industrial Production s.a. w.d.a. (YoY) | -15.5% | -12.0% |
| Mar 12 | 11:00 | Industrial Production s.a. (MoM) | -3.0% | -4.6% |
EMU economic indicators - Output in the German producing sector (January): down by BHF−Bank
German industrial new orders and output in the German producing sector will probably have continued decreasing in January, albeit at a slightly slower pace, because the correlated climate indicators did so too, or even improved.
[ Full Story ]Top Market Movers Review
Australia UNEMPLOYMENT RATE
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Mar 12 | 00:30 | Unemployment Rate | 5.2% | 5.0% | 4.8% |
| Mar 12 | 00:30 | Employment Change | 1.8K | -20.0K | 0.3K |
Trading News Report - AUD/USD: Trading the Australia Employment Change Report by FXCM
The Australian dollar is likely to face increased selling pressures over the next 24 hours of trading as economists forecast employment to fall 20.0K in February and project the annual jobless rate to rise to a three−year high of 5.0% from 4.8% in the previous month, which would reinforce a dour outlook for future growth as the $1T economy teeters on the brink of a recession.
[ Full Story ]- DATA SNAP: Australian Feb Unemployment Rate 5.2% (Dow Jones)
New Zealand RBNZ INTEREST RATE DECISION
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Mar 11 | 21:00 | RBNZ Interest Rate Decision | 3.00% | 2.75% | 3.50% |
RBNZ Interest Rate Decision (FXstreet.com)
RBNZ's Governor Alan Bollard said in his quarterly Monetary Policy Statement, "As economic activity troughs, we expect the rapid easing of monetary policy to slow. Any future cuts will be much smaller than observed recently." The Reserve Bank of New Zealand gave the economy a further boost Thursday, cutting the Official Cash Rate another 50 basis points to a record low 3.0%, but said it now expects the rapid easing of monetary policy to slow.
[ Full Story ]- Read the Rate data at RBNZ
- Wednesday's Events: BOE to Buy Gilts; RBNZ Rate Decision; US 10−Year Reopening (CEP News)
Start the Day - Reserve Bank of New Zealand cuts rates by 50 basis points to a record low 3.00% by Mizuho Corporate Bank
Economic Events
| Date (GMT) | Country | Event | Actual | Cons. | Previous | |
| Mar 11 | 23:50 | JP | Gross Domestic Product (QoQ) (4Q) | -3.2% | -3.3% | -3.3% |
| Mar 12 | 00:00 | AU | Consumer Inflation Expectation (Mar) | 2.2% | 2.3% | |
| 00:30 | AU | Employment Change (Feb) | 1.8K | -20.0K | 0.3K |
|
| 00:30 | AU | Unemployment Rate (Feb) | 5.2% | 5.0% | 4.8% | |
| 09:00 | EMU | ECB Monthly Report | ||||
| 10:00 | EMU | Producer Price Index (MoM) (Jan) | -0.2% | -1.3% | ||
| 10:00 | EMU | Producer Price Index (YoY) (Jan) | 0.5% | 1.8% | ||
| 11:00 | DE | Industrial Production s.a. (MoM) (Jan) | -3.0% | -4.6% | ||
| 11:00 | DE | Industrial Production s.a. w.d.a. (YoY) (Jan) | -15.5% | -12.0% | ||
| 12:30 | US | Continuing Jobless Claims (Feb 28) | 5016K | |||