Thursday, Mar 26, 08:19 GMT
EUROPEAN Trading Newsletter
To Get Started
- Webinar Videos: Trading Forex on a Daily Basis Using Daily Charts by James Chen
- All the events of the day in our Economic Calendar
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Forex Blogs
Forex Trading Today: We Stop By for Another High Tea with The Queen!… GBP/USD by Tim Salem
We certainly had a volatile day yesterday with all kinds of erratic and slightly "irrational" Behaviors… some nervousness… insecurity… and perhaps a lack of confidence did not ease the situation either! What?… All of you thought I was talking about a Currency Pair??? I Think Not!
The Day Job Trader: AUD/USD Holds Support at $0.6930 by Ryan O'Keefe
The Trader's Edge: EUR/USD Follow Up by Ross Yamashita
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Live Sessions Schedule
Watch Live Coverage of the US GDP
Expert: Jerry Furst
Start: Thu, Mar 26, 11:30 GMT
Sponsored by: 
Type of Session: Webinar
How to Get Started Trading Forex
Expert: Mark Whistler
Start: Thu, Mar 26, 15:00 GMT
Type of Session: Webinar
| Sponsored by | ||||
| Thu, Mar 26, 09:00 GMT | Trading the Sunday Gap in Forex  | Sam Seiden | WBN |  |
| Thu, Mar 26, 11:30 GMT | Watch Live Coverage of the US GDP | Jerry Furst | WBN | |
| Thu, Mar 26, 14:00 GMT | Fibonacci − from novice to advanced techniques | Adam Rosen | WBN | |
| Thu, Mar 26, 15:00 GMT | How to Get Started Trading Forex | Mark Whistler | WBN | |
Current Session: Europe
USD/JPY: Dollar breaks 98.00 resistance level: 98.40 on sight
FXstreet.com − After having hit 97.10 low o yesterday's late U.S. session, the Dollar has strengthened, returning to levels above 98.00 ahead of the European trading session.
If the USD holds above 98.00, next resistance level comes at 98.40 (Mar 24 high). Once above there, 98.85/99 (Mar 17 high), and swinging over 99.00, mar 5 high at 99.70 would be the last resistance level before 100.00 psychological level.
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EUR/USD
Currency Majors Technical Perspective − Bullish Sentiment appears on the retracement by FXstreet.com
Bullish Sentiment appears on the retracement of the Bearish Engulfing Candle a few hours ago with a swing−low bounce off of the 20SMA dynamic Support @ 1.3534 keeping Price north of static Support@ 1.1352.
GBP/USD
Forex Chartist Technical Analysis − Sterling tried to trade higher yesterday reaching 1.4635 by Charmer Charts.com
Sterling tried to trade higher yesterday reaching 1.4635. There is still the short term double top on the hourly charts at 1.4780.
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 M3
| Date (GMT) | Event | Cons. | Previous | |
| Mar 26 | 09:00 | M3 (YoY) | 5.5% | 5.9% |
EMU economic indicators - M3 growth (February): subdued by BHF−Bank
EMU money supply M3 fell by €75bn in January, the steepest decline on record. The decline is partly due to a shift of funds out of the interest bearing components of M3 into longer term bank liabilities. However, special factors (turn of the year) might have played a role, too.
[ Full Story ]Top Market Movers Review
Germany GFK CONSUMER CONFIDENCE SURVEY
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Mar 26 | 07:00 | Gfk Consumer Confidence Survey | 2.4 | 2.5 | 2.6 |
UPDATE: German Consumer Sentiment Stable Despite Bad News (Dow Jones)
German market research group GfK's forward−looking consumer climate index eased to 2.4 points for April, just below expectations, but it largely shrugged off negative news on the economic outlook.
[ Full Story ]Economic Events
| Date (GMT) | Country | Event | Actual | Cons. | Previous | |
| Mar 25 | 16:00 | NO | Norges Bank Interest Rate Decision | 2.0% | 2.5% | |
| 21:45 | NZ | Current Account (4Q) | -4.026B | -4.000B | -6.013B |
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| 23:50 | JP | Corporate Service Price (YoY) (Feb) | -2.6% | -2.5% | -2.4% |
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| Mar 26 | 07:00 | DE | Gfk Consumer Confidence Survey (Apr) | 2.4 | 2.5 | 2.6 |
| 09:00 | EMU | M3 (YoY) (Feb) | 5.5% | 5.9% | ||
| 09:30 | UK | Retail Sales (MoM) (Feb) | -0.4% | 0.7% | ||
| 09:30 | UK | Retail Sales (YoY) (Feb) | 2.5% | 3.6% |
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| 09:30 | UK | Total Business Investment (QoQ) (4Q) | -3.9% | -3.9% | ||
| 09:30 | UK | Total Business Investment (YoY) (4Q) | -7.7% | -7.7% | ||
| 12:30 | US | Continuing Jobless Claims (Mar 14) | 5458K | 5473K | ||