Friday, Mar 20, 08:32 GMT
EUROPEAN Trading Newsletter
To Get Started
- Webinar Videos: Low Risk Breakout Trading in Forex by Sam Seiden
- All the events of the day in our Economic Calendar
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Forex Blogs
The Trader's Edge: USD/CAD Short Term Trade by Ross Yamashita
Although you can't see it in the chart, this movement back up is completing Wave 4 of an Impulse movement down. So, look for a potential small movement back up and then a move down. Remember, this is a 5 minute chart so this is a shorter−term trade and this can move very quickly in a short amount of time.
Forex Trading Today: AUD/USD (and Euro) Look Prepared for Continued Appreciation by Tim Salem
FXbootcamp: Pre London Outlook For March 20th 2009 by David R Pegler
Find other fellow traders to share your comments and market view in the FOREX CHAT
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Live Sessions Schedule
Trading Break Out's And Other Market Views
Expert: Phil Newton
Start: Fri, Mar 20, 10:00 GMT
Sponsored by: 
Type of Session: Webinar
Looking for breakout trades
Expert: Adam Rosen
Start: Fri, Mar 20, 14:00 GMT
Type of Session: Webinar
| Sponsored by | ||||
| Fri, Mar 20, 09:00 GMT | Advanced APF Methods To Determine The Price Momentum  | Sunil Mangwani | WBN |  |
| Fri, Mar 20, 10:00 GMT | Trading Break Out's And Other Market Views | Phil Newton | WBN | |
| Fri, Mar 20, 12:00 GMT | US Pre−Market Open | Ed Ponsi | WBN |  |
| Fri, Mar 20, 13:00 GMT | FX Market Pulse | Raghee Horner | WBN | |
Current Session: Europe
Daily Recommended Trades − The Euro gained 320 points on yesterday
E−Forex − Dollar's weakness intensifies across the board and the Euro gained 320 points on yesterday, breaking above resistance at 1.3590 − median retracement level of the 1.4720−1.2455 move. Near term resistance is seen at 1.3800 and 1.3855 − the 61.8% retracement of the large move mentioned earlier. Upside is likely to remain under pressure within the upcoming days and the medium term bias will turn positive if the Euro will overcome the barriers into the 1.38 region, focusing towards 1.4360 and 1.4720 in the coming weeks.
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GBP/USD
GBP/USD: Pound returns upwards bouncing at 1.4430 by FXstreet.com
Yesterday's rally against the Euro drove the Pound to 1.4597 the higest level since Feb 25, then the Pound fell beck to 1.4330 low although it has jumped back up to test session high at 1.4500.
USD/JPY
USD/JPY: The Dollar, rejected at 94.84 returns downwards below 94.64 support by FXstreet.com
After having picked up slightly from new 4−weeks low at 93.55, the Dollar picked up reaching as high as intra−day top at 94.84, but the pair was unable to break above that level and decline has resumed. The Dollar has broken 94.64 support level and advances towards 93.55.
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 INDUSTRIAL PRODUCTION S.A.
| Date (GMT) | Event | Cons. | Previous | |
| Mar 20 | 10:00 | Industrial Production w.d.a. (YoY) | -13.4% | -12.0% |
| Mar 20 | 10:00 | Industrial Production s.a. (MoM) | -1.5% | -2.6% |
EMU economic indicators - EMU industrial production (January): sharp decline by BHF−Bank
Italian industrial production could have continued decreasing in January, albeit at a slightly slower pace, because the correlated climate indicators also fell less significantly, or actually improved somewhat. However, EMU industrial production is likely to have declined more sharply in January than before.
[ Full Story ]Top Market Movers Review
Germany PRODUCER PRICE INDEX
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Mar 20 | 07:00 | Producer Price Index (MoM) | -0.5% | -0.2% | -1.2% |
| Mar 20 | 07:00 | Producer Price Index (YoY) | 0.9% | 1.3% | 2.0% |
DATA SNAP: German Feb PPI −0.5% On Month; +0.9% On Year (Dow Jones)
German producer prices in February declined more sharply than expected on the month, mainly due to lower metal and food prices, the federal statistics office said Friday. Prices at the factory gate fell 0.5% from January.
[ Full Story ]- Germany Feb PPI MoM falls a 0.5%, +0.9% YoY (FXstreet.com)
Economic Events
| Date (GMT) | Country | Event | Actual | Cons. | Previous | |
| Mar 20 | 00:00 | JP | Vernal Equinox Bank Holiday | |||
| 07:00 | DE | Producer Price Index (MoM) (Feb) | -0.5% | -0.2% | -1.2% | |
| 07:00 | DE | Producer Price Index (YoY) (Feb) | 0.9% | 1.3% | 2.0% | |
| 08:00 | TR | TCMB Interest Rate Decision | 10.5% | 11.5% | ||
| 10:00 | EMU | Industrial Production s.a. (MoM) (Jan) | -1.5% | -2.6% | ||
| 10:00 | EMU | Industrial Production w.d.a. (YoY) (Jan) | -13.4% | -12.0% | ||
| 12:30 | CA | New Motor Vehicle Sales (MoM) (Jan) | -14.8% | |||
| 12:30 | CA | Retail Sales (MoM) (Jan) | -5.4% | |||
| 12:30 | CA | Retail Sales ex Autos (MoM) (Jan) | -3.2% | |||
| 16:00 | US | Fed's Bernanke Speech | ||||