Monday, Mar 16, 08:50 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
Forex Trading Today: Data Points and Two More Cousins: EUR/USD and EUR/JPY by Tim Salem
We continue on this week from last weeks' fallout of Macro−Event Risk… as the FOMC Decision is on course this week, as well as the Bank of Japan, the G20 Meeting Rhetoric, and the BoE MPC and RBA Meetings Minutes. TIC Data at 13:00 GMT may be interesting… considering the recent Press Conference from Wen Jiabo in China, and his blatant concerns about Chinese Inflows and Assets in U.S. Treasuries.
ForexHedge: Swiss Franc by Ron Schelling
FX Market Readings: EURO and GBP are expected to make swing moves for week beginning 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
Stop Seeing Scary Movies: Let Me Show You "Mr. Margin Call"
Expert: S.A Ghafari
Start: Mon, Mar 16, 11:00 GMT
Type of Session: Webinar
Derek Frey's Outlook
Expert: Derek Frey
Start: Mon, Mar 16, 14:00 GMT
Sponsored by: 
Type of Session: Webinar
| Sponsored by | ||||
| Mon, Mar 16, 09:00 GMT | Understand & Use Fibonacci Ratios Effectively | Sunil Mangwani | WBN |  |
| Mon, Mar 16, 11:00 GMT | Stop Seeing Scary Movies: Let Me Show You "Mr. Margin Call" | S.A Ghafari | WBN |  |
| Mon, Mar 16, 14:00 GMT | Derek Frey's Outlook | Derek Frey | WBN | |
| Mon, Mar 16, 15:00 GMT | Advanced Methods for Finding Dominant Trends in Forex Markets  | Mark Whistler | WBN | |
Current Session: Europe
EUR/USD: Euro tests levels above 1.2957, on its way to 1.2992
FXstreet.com − The Euro is rallying against the Dollar reaching past previous two weeks high at 1.2957, aiming to what seems to be an important resistance level at 1.2992 (Feb 23 high); immediately below psychological level at 1.3000.
The Euro stands now at three weeks high crawling towards 1.2992, if that level gives way, the Euro could find resistance at 1.3040 (100 day SMA), and 1.3074 (Mar 10 high).
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Currency Majors Technical Analysis − The price should find a resistance below 1,4050 by Mataf.net
GBP USD moves without trend and swings around exponential moving averages (EMA 50 and 100). The volatility is low. Bollinger bands are tightened. ForexTrend daily (Mataf Trend Indicator) is in a bearish configuration.
USD/JPY
Market Session Recaps − USD/JPY showed the Dollar's muscle as it rebounded from a 97.55 low by FOREX.com
USD/JPY showed the Dollar's muscle as it rebounded from a 97.55 low and topped out at 98.50 before ending the session closer to 98.22.
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 CONSUMER PRICE INDEX
| Date (GMT) | Event | Cons. | Previous | |
| Mar 16 | 10:00 | Consumer Price Index (MoM) | 0.4% | -0.8% |
| Mar 16 | 10:00 | Consumer Price Index − Core (YoY) | 1.6% | 1.6% |
| Mar 16 | 10:00 | Consumer Price Index (YoY) | 1.2% | 1.1% |
Friday Notes - EMU, CPI: Temporary rebound by UniCredit Group
We confirm our call for February EMU headline inflation at 1.2%, with risks for a downward revision. Food prices remain on a slowing trend, partially offset by a recovery in energy prices. After aggressive winter sales, clothing prices probably rebounded somewhat.
[ Full Story ]Top Market Movers Review
UK RIGHTMOVE HOUSE PRICE INDEX
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Mar 16 | 00:01 | Rightmove House Price Index (YoY) | -9.0% | - | -9.1% |
| Mar 16 | 00:01 | Rightmove House Price Index (MoM) | 0.9% | - | 1.2% |
UK Rightmove March House Price Index +0.9%MM, −9.0%YY (Dow Jones)
U.K. house prices rose on the month in early March for the second straight month, property Web site Rightmove said Monday. According to Rightmove's latest index, house prices to mid−March rose 0.9% on the month and fell 9.0% on the year.
[ Full Story ]- Read the House data at Rightmove
Economic Events
| Date (GMT) | Country | Event | Actual | Cons. | Previous | |
| Mar 15 | 00:00 | EMU | EU Finance Minister meeting | |||
| Mar 16 | 00:01 | UK | Rightmove House Price Index (MoM) (Mar) | 0.9% | 1.2% | |
| 00:01 | UK | Rightmove House Price Index (YoY) (Jan) | -9.0% | -9.1% | ||
| 04:00 | JP | Tokyo Condominium Sales (YoY) (Feb) | -27.5% | -24.1% |
||
| 10:00 | EMU | Consumer Price Index − Core (YoY) (Feb) | 1.6% | 1.6% | ||
| 10:00 | EMU | Consumer Price Index (MoM) (Feb) | 0.4% | -0.8% | ||
| 10:00 | EMU | Consumer Price Index (YoY) (Feb) | 1.2% | 1.1% | ||
| 10:00 | EMU | Employment Change (QoQ) (4Q) | -0.1% | |||
| 10:00 | EMU | Employment Change (YoY) (4Q) | 0.8% | |||
| 12:30 | US | NY Empire State Manufacturing Index (Mar) | -32.00 | -34.65 | ||