Monday, Mar 30, 11:18 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
Trading for a living: London open = making pips by David Aranzabal
Today we have got a nice setup at the London open. Let's review the session and the review:
1. Weekly opening gap (See article). Sentiment on the Downside
2. Price approaches previous swing high after Frankfurt open and rejected after London
CEO's Weblog: Presse Release - Exclusive 100% Forex News Feed launched by FXstreet.com by Francesc Riverola
FX Path: EUR/USD - Weekly Forex Analysis for March 30 to April 3, 2009 by James Chen
Find other fellow traders to share your comments and market view in the FOREX FORUM
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Live Sessions Schedule
Derek Frey's Outlook
Expert: Derek Frey
Start: Mon, Mar 30, 14:00 GMT
Sponsored by: 
Type of Session: Webinar
Weekly Webinar: 1st on Forex − The Week Ahead
Expert: Jerry Furst
Start: Mon, Mar 30, 16:00 GMT
Sponsored by: 
Type of Session: Webinar
| Sponsored by | ||||
| Mon, Mar 30, 12:00 GMT | US Pre−Market Open  | Ed Ponsi | WBN |  |
| Mon, Mar 30, 13:30 GMT | US Session Open | Ed Ponsi | WBN | |
| Mon, Mar 30, 14:00 GMT | Derek Frey's Outlook | Derek Frey | WBN | |
| Mon, Mar 30, 15:00 GMT | Advanced Methods for Finding Dominant Trends in Forex Markets | Mark Whistler | WBN | |
Current Session: Europe
European markets drop weighed by Banks; Dollar walks at a strong pace
FXstreet.com − European markets are going through losses on Monday as investor's trust on Banking has weakened after Geithner's observing that some banks might need further governmental aid. Eurostoxx 50 is dropping about 3.50% by midday in Europe, while German DAX Index loses 3.52% and French CAC slides 2.84%. The Dollar continues its rally against Euro and Pound.
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EUR/USD
The Dollar and the Yen rise on GM bankruptcy rumours by FXstreet.com
The yen and the dollar rose against the euro after an Obama administration official said bankruptcy may be the best option for General Motors Corp. and Chrysler LLC, spurring investors to seek the shelter of the two currencies.
GBP/USD
The Pound bounces at 1.4110; testing 1.4160 level by FXTechstrategy
Decline from 1.4295 high on Asian session has reached its lowest level at 1.4110 so far, and the Pound is attempting to post a recovery above 1.4160 (19 Mar low).
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 UNEMPLOYMENT CHANGE
| Date (GMT) | Event | Cons. | Previous | |
| Mar 31 | 07:55 | Unemployment Change | 53K | 40K |
EMU economic indicators - German adjusted unemployment (March): sharp rise by BHF−Bank
In general, German unadjusted unemployment declines noticeably after the winter months, but this March, due to the recession and unusually cold temperatures having a dampening effect on outdoor jobs, we only expect a slight decrease. Thus adjusted unemployment could have risen by about 50,000 in March.
[ Full Story ]Top Market Movers Review
EMU ECONOMIC CONFIDENCE
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Mar 30 | 09:00 | Consumer Confidence | -34 | -33 | -33 |
| Mar 30 | 09:00 | Economic Confidence | 64.6 | 65.8 | 65.4 |
| Mar 30 | 09:00 | Industrial Confidence | -38 | -35 | -36 |
DATA SNAP: Euro−Zone Confidence Hits Fresh Record Low In Mar (Dow Jones)
Business and consumer confidence in the 16 countries that use the euro weakened further to reach a record low in March as new orders continued to dry up and concerns about job losses mounted.
[ Full Story ]- EU Economic Confidence falls to 64.6 in Mar from 65.4 (FXstreet.com)
Trading News Report - EUR/USD: Trading the Euro−Zone Economic Confidence Report by FXCM
Friday Notes - EMU, Economic Confidence: The worst is behind us by UniCredit Group
UK MORTGAGE APPROVALS
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Mar 30 | 08:30 | Mortgage Approvals | 38K | 34K | 32K |
DATA SNAP: UK Feb Mtge Approvals Highest Since May 2008 (Dow Jones)
U.K. mortgage approvals rose to their highest level in nine months in February in the first significant sign of improvement in the housing market, even as net consumer credit sank to a record low, data from the Bank of England released Monday showed.
[ Full Story ]Economic Events
| Date (GMT) | Country | Event | Actual | Cons. | Previous | |
| Mar 30 | 08:30 | UK | M4 Money Supply (MoM) (Feb) | 1.4% | 2.5% | |
| 09:00 | EMU | Consumer Confidence (Feb) | -34 | -33 | -33 | |
| 09:00 | EMU | Economic Confidence (Mar) | 64.6 | 65.8 | 65.4 | |
| 09:00 | EMU | Industrial Confidence (Mar) | -38 | -35 | -36 | |
| 14:30 | EMU | ECB Trichet's Speech | ||||
| 23:01 | UK | Gfk Consumer Confidence (Mar) | -35 | -35 | ||
| 23:15 | JP | Nomura/ JMMA Manufacturing Puchasing Manager Index (Mar) | 31.6 | |||
| 23:30 | JP | Jobless Rate (Feb) | 4.3% | 4.1% | ||
| 23:30 | JP | Overall Household Spending (YoY) (Feb) | -4.6% | -5.9% | ||
| Mar 31 | 00:00 | AU | Private Sector Credit (MoM) (Feb) | 0.5% | 0.6% | |