Tuesday, Mar 31, 07:25 GMT
EUROPEAN Trading Newsletter
To Get Started
- Webinar Videos: Fibonacci - From Novice to Advanced Techniques by Adam Rosen
- All the events of the day in our Economic Calendar
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Forex Blogs
The Disciplined Trader: Using Candles to indentify entry points and risk by Pierre Charlebois
In the previous post I provided a review of how to read a candle identifying the high, low, open and close levels. Now let's examine how we can identify those candles that offer the best potential. If the wicks of a candle show us the extremes then candles with very long wicks provide a view of where price action is potently rejected.
Forex Trading Today: EUR/USD Looks for Correction While USD/CHF Looks for Appreciation by Tim Salem
1st on Forex: UN Presi-dented – GM to G20 – The Week Ahead? by Jerry Furst
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Live Sessions Schedule
The Weather Report: Ichimoku Cloud Trading
Expert: Chris Capre
Start: Tue, Mar 31, 14:00 GMT
Type of Session: Webinar
Trading with Autochartist
Expert: Raghee Horner
Start: Tue, Mar 31, 15:00 GMT
Type of Session: Webinar
| Sponsored by | ||||
| Tue, Mar 31, 11:00 GMT | FX Instructor Live Trading Room  | Mark De La Paz | WBN |  |
| Tue, Mar 31, 12:00 GMT | US Pre−Market Open | Ed Ponsi | WBN |  |
| Tue, Mar 31, 13:30 GMT | US Session Open | Ed Ponsi | WBN | |
| Tue, Mar 31, 14:00 GMT | The Weather Report: Ichimoku Cloud Trading | Chris Capre | WBN | |
Current Session: Europe
Forex: EUR/USD: Drop from 1.3590 on Friday bottomed yesterday at 1.3115
FXstreet.com − EUR/USD has bounced at 1.3115 on early Asian session, to reach a session high at 1.3275 in late trading, several pips shy of Monday's high at 1.3285.
The Euro has eased on late Asian session to levels above support line at 1.3210. On the downside,, below 1.3200/10, the Euro could find support at 1.3176 intra−day low, and below here, 1.3115 (Mar 30 low.)
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GBP/USD
Forex Chartist Technical Analysis − GBPUSD: Sellers failed to break below 1.4110 by Charmer Charts.com
Sellers failed to break below 1.4110 which has seen buyers return to the market and they have pushed this higher to its 38% short term and longer−term fibs at 1.4347 and 1.4352 respectively.
USD/JPY
Forex: USD/JPY: Dollar rally from 95.95 low yesterday; testing 98.40 resistance by FXstreet.com
The Dollar has been rallying sharply after having bottomed at 95.95 low yesterday to attack 98.40 resistance level ahead of European session opening on Tuesday.
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 31 | 09:00 | Consumer Price Index (YoY) | 0.7% | 1.2% |
| Mar 31 | 09:00 | Consumer Price Index (MoM) | - | 0.4% |
EMU economic indicators - EMU inflation flash estimate (March): down to 0.5% yoy by BHF−Bank
The Eurostat flash estimate is likely to show that euro area inflation decreased to 0.5% yoy in March. This would correspond with a monthly increase in HICP of 0.3 % in unadjusted terms. But both rates could be slightly higher. The monthly increase will have been mainly due to higher prices for clothes in several EMU countries.
[ Full Story ]Top Market Movers Review
Japan JOBLESS RATE
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Mar 30 | 23:30 | Jobless Rate | 4.4% | 4.3% | 4.1% |
Japan's jobless rate rises to 4.4% in February (FXstreet.com)
Japan's jobless rate rises by 0.3 percentage points to 4.4% in February. Hiroshi Watanabe, senior economist at Daiwa Institute of Research said: "A big rise, about 100,000 people lost their jobs because firms asked them to quit, the data show, which is a typical pattern seen during the time of recession."
[ Full Story ]- Read the Jobless data at Statistics Bureau
- Japan February Jobless Rate Table Of Data (Dow Jones)
Economic Events
| Date (GMT) | Country | Event | Actual | Cons. | Previous | |
| Mar 31 | 05:00 | JP | Annualized Housing Starts (Feb) | 0.866M | 0.950M | 0.957M |
| 05:00 | JP | Construction Orders (YoY) (Feb) | -24.9% | -38.3% | ||
| 06:00 | DE | ILO Unemployment Rate (Feb) | 7.4% | 7.4% | 7.3% | |
| 06:00 | CH | UBS Consumption Indicator (Feb) | 0.89 | 0.92 |
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| 07:55 | DE | Unemployment Change (Mar) | 53K | 40K | ||
| 08:30 | UK | Index of Services (Jan) | -1.0% | -0.9% | ||
| 09:00 | EMU | Consumer Price Index (MoM) (Mar) | 0.4% | |||
| 09:00 | EMU | Consumer Price Index (YoY) (Mar) | 0.7% | 1.2% | ||
| 12:30 | CA | Gross Domestic Product (MoM) (Jan) | -0.6% | -1.0% | ||
| 12:30 | CA | Industrial Product Price (MoM) (Feb) | 0.5% | -0.1% | ||