Tuesday, Mar 17, 08:52 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 Trader's Edge: GBP/USD Trade by Ross Yamashita
Our scan has brought up some movement on the GBP/uSD. We formed a nice triangle formation and the shorter term trend is down. Look for the pair to come down and test the bottom trend line and then head back up.
Forex Trading Today: USD Continues To Weaken With Risk Appetite…But For How Long? by Tim Salem
FXbootcamp: FOREX Training Video - London Session March 17, 2008 by David Pegler
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 17, 14:00 GMT
Type of Session: Webinar
Trading with Autochartist
Expert: Raghee Horner
Start: Tue, Mar 17, 15:00 GMT
Type of Session: Webinar
| Sponsored by | ||||
| Tue, Mar 17, 11:00 GMT | FX Instructor Live Trading Room  | Mark De La Paz | WBN |  |
| Tue, Mar 17, 12:00 GMT | US Pre−Market Open | Ed Ponsi | WBN |  |
| Tue, Mar 17, 13:30 GMT | US Session Open | Ed Ponsi | WBN | |
| Tue, Mar 17, 14:00 GMT | The Weather Report: Ichimoku Cloud Trading | Chris Capre | WBN | |
Current Session: Europe
USD/JPY: Dollar above 98.65; eyes 99.20
FXstreet.com − The Dollar has broken through the upper level of the flat trending channel it has been trading during the last three days; USD/JPY has broken through 98.60 resistance level and advances towards 99.20 (Mar 9 high), and then 99.70 (Mar 5 high) on its way towards 100.00 psychological resistance area.
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Daily Technical Analysis − Pushing one small step higher again by Mizuho Corporate Bank
Pushing one small step higher again and with a little luck the 9 and 26−day moving averages will cross to positive. Could do a better if a few other currencies helped it along.
GBP/USD
Trading News Report − GBP/USD: Trading the U.K. Jobless Claims Change Report by FXCM
The British pound is likely to face increased selling pressure over the week as economists forecast jobless claims in the U.K. to rise another 84.8K in February.
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 ZEW SURVEY − ECONOMIC SENTIMENT
| Date (GMT) | Event | Cons. | Previous | |
| Mar 17 | 10:00 | ZEW Survey − Economic Sentiment | -7.8 | -5.8 |
Trading News Report - EUR/USD: Trading the German ZEW Investor Confidence Survey by FXCM
The German ZEW investor confidence survey is expected to fall to −6.5 in March from −5.8% in the previous month as market participants expect Europe's largest economy to face its worst recession since World War II, and the outlook for growth and inflation remains bleak as the European Union fails to allocate resources to stem the economic slump in Central and Eastern Europe.
[ Full Story ]Top Market Movers Review
US INDUSTRIAL PRODUCTION
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Mar 16 | 13:15 | Capacity Utilization | 70.9% | 71.1% | 71.9% |
| Mar 16 | 13:15 | Industrial Production (MoM) | -1.4% | -1.1% | -1.9% |
DATA SNAP: US Feb Industrial Production −1.4%; Cap Use 70.9% (Dow Jones)
U.S. industrial production dropped in February more than expected because of milder winter weather and a bad economy. Industrial production fell 1.4% in February compared with the prior month, the Federal Reserve said Monday.
[ Full Story ]- Read the Industrial Production data at the Fed
- U.S. markets mixed, Euro and Pound turn down on weak U.S. Ind. Production (FXstreet.com)
- US Industrial Production−STATS−Historical (Dow Jones)
- Table Of Data On US Industrial Production (Dow Jones)
Friday Notes - Industrial Production: Manufacturing is the epicenter of the recession by UniCredit Group
US NY EMPIRE STATE MANUFACTURING INDEX
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Mar 16 | 12:30 | NY Empire State Manufacturing Index | -38.23 | -32.00 | -34.65 |
NY Fed's Manufacturing Index hits Fresh Record Lows In March (Dow Jones)
Conditions for New York manufacturers deteriorated dramatically in March, while the outlook for the next six months remained subdued, according to the Federal Reserve Bank of New York's Empire Manufacturing Survey released Monday. The Empire State's business conditions index fell to a low of −38.23 in March from −34.65 in February, New York Fed said.
[ Full Story ]Economic Events
| Date (GMT) | Country | Event | Actual | Cons. | Previous | |
| Mar 17 | 06:00 | JP | Machine Tool Orders (YoY) (Feb) | -84.4% | -83.9% |
|
| 06:45 | CH | SECO Economic Forecasts (Mar) | -2.2 | |||
| 08:15 | CH | Industrial Production (QoQ) (4Q) | 0.1% | -0.1% | -5.1% |
|
| 08:15 | CH | Industrial Production (YoY) (4Q) | -5.9% | -4.5% | 0.8% |
|
| 09:30 | UK | DCLG House Price Index (YoY) (Jan) | -11.7% | -10.2% | ||
| 10:00 | DE | ZEW Survey − Economic Sentiment (Mar) | -7.8 | -5.8 | ||
| 12:30 | US | Building Permits (MoM) (Feb) | 0.50M | 0.52M | ||
| 12:30 | US | Housing Starts (YoY) (Feb) | 0.45M | 0.47M | ||
| 12:30 | CA | Manufacturing Shipments (MoM) (Jan) | -5.7% | -8.0% | ||
| 12:30 | US | Producer Price Index (MoM) (Feb) | 0.3% | 0.8% | ||