Friday, Mar 13, 09:41 GMT
EUROPEAN Trading Newsletter
To Get Started
- Webinar Videos: The Weather Report: Ichimoku Cloud Trading by Chris Capre
- All the events of the day in our Economic Calendar
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Forex Blogs
The Day Job Trader: EUR/JPY Breakout? by Ryan O'Keefe
EUR/USD has been on a decent little rally the last few days and it appears a breakout may be forming on the EUR/JPY. A break to the upside may run to $131.00ish which the top side of the channel this pair has been trading in since mid October.
The Trader's Edge: GBP/USD Trade Analysis by Ross Yamashita
FX Market Readings: Expected moves for week end 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
US Pre−Market Open
Expert: Ed Ponsi
Start: Fri, Mar 13, 12:00 GMT
Type of Session: Webinar
Fibonacci Friday
Expert: Andrei Pehar
Start: Fri, Mar 13, 15:00 GMT
Type of Session: Webinar
| Sponsored by | ||||
| Fri, Mar 13, 09:00 GMT | Advanced APF Methods To Determine The Price Momentum  | Sunil Mangwani | WBN |  |
| Fri, Mar 13, 12:00 GMT | US Pre−Market Open | Ed Ponsi | WBN |  |
| Fri, Mar 13, 13:00 GMT | FX Market Pulse | Raghee Horner | WBN | |
| Fri, Mar 13, 13:30 GMT | US Session Open | Ed Ponsi | WBN | |
Current Session: Europe
EUR/USD: Euro tests 1.2945; on its way towards 1.30
FXstreet.com − The Euro is testing previous two−week high at 1.2945 on its way towards Feb 23 high at 1.2992, and the psychological 1.30 area.
On the upside if 1.2945 level gives way, next resistance level comes at Feb 23 high at 1.2992. Above here, the Euro would be at the highest levels in a month and could well rise up to the 1.3060/80 area.
A downward reaction from 1.2945 would turn the pair down towards support line at 1.2872, if that level gives, the Euro could find support at 1.2845 and 1.2822. below here, next support level remain at the area between 1.2730/45.
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GBP/USD: Sterling withdraws after peaking at 1.3985 by FXstreet.com
The Pound posted a rally yesterday of nearly 300 pips moving from yesterday's low at 1.3700 during U.S. session to an intra−day high at 1.3985
USD/JPY
Forex Analysis on Majors − USD/JPY: possibility of rate return to the nearest supports 97.20/40 by Forex Ltd
We assume a possibility of rate return to the nearest supports 97.20/40, where it is recommended to evaluate the activity development according to the charts of shorter time interval.
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
Canada NET CHANGE IN EMPLOYMENT
| Date (GMT) | Event | Cons. | Previous | |
| Mar 13 | 11:00 | Net Change in Employment | -50K | -129K |
| Mar 13 | 11:00 | Unemployment Rate | 7.4% | 7.2% |
Trading News Report - USD/CAD: Trading the Canada Net Change in Employment Report by FXCM
Expectations for a 55.K drop in employment is likely to weigh on the Canadian exchange rate over the next 24 hours of trading, and would reinforce the dour outlook for growth and inflation held by the Bank of Canada as the world's eighth largest economy faces a deepening recession.
[ Full Story ]Top Market Movers Review
Japan CONSUMER CONFIDENCE HOUSEHOLDS
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Mar 13 | 05:00 | Consumer Confidence Households | 26.7 | 26.5 | 26.4 |
Japan Govt: Consumer Sentiment Index 26.7 Feb Vs 26.4 Jan (Dow Jones)
Japan's consumer sentiment index improved for the second straight month in February, the government said Friday, yet the level was still close to its record low. The Cabinet Office's consumer confidence survey index, which measures consumers' economic outlook for the coming six months, climbed by 0.3 point to 26.7 from 26.4 in the previous month, the data showed.
[ Full Story ]- Read the Confidence data at The Cabinet Office
New Zealand RETAIL SALES
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Mar 12 | 21:45 | Retail Sales (MoM) | -1.1% | -0.1% | -1.0% |
New Zealand Jan Retail Sales Falls (FXstreet.com)
Statistics New Zealand official data, published at Friday said, "New Zealand retail sales fell in January, as consumers continued to keep their wallets shut amid a deepening recession." It also state that seasonally adjusted January retail sales were 1.1% on the month, compared with December's revised 0.7% drop.
[ Full Story ]- Read the Retail Sales data at Statistics New Zealand
Economic Events
| Date (GMT) | Country | Event | Actual | Cons. | Previous | |
| Mar 13 | 05:00 | JP | Consumer Confidence (Feb) | 27.6 | 27.0 | |
| 05:00 | JP | Consumer Confidence Households (Feb) | 26.7 | 26.5 | 26.4 | |
| 08:15 | CH | Producer and Import Prices (MoM) (Feb) | -0.6% | -0.2% | -0.8% | |
| 08:15 | CH | Producer and Import Prices (YoY) (Feb) | -1.8% | -1.2% | -0.9% | |
| 10:00 | EMU | Labor Costs (YoY) (4Q) | 3.6% | 4.0% | ||
| 10:00 | EMU | Retail Sales (MoM) (Jan) | 0.2% | 0.0% | ||
| 10:00 | EMU | Retail Sales (YoY) (Jan) | -2.3% | -1.6% | ||
| 11:00 | CA | Net Change in Employment (Feb) | -50K | -129K | ||
| 11:00 | CA | Unemployment Rate (Feb) | 7.4% | 7.2% | ||
| 12:30 | US | Import Price Index (MoM) (Feb) | -0.8% | -1.1% | ||