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Special Webinars
Technical Outlook for the Majors - What to Expect
Expert: Jamie Saettele
Start: Wed, Mar 14, 11:00 GMT
Sponsored by: 
Type of Session: Webinar
The FX Mirror
Expert: Patrick Dyess
Start: Wed, Mar 14, 16:00 GMT
Sponsored by: 
Type of Session: Webinar
Topics
- Charts
- News releases
- Trading styles & techniques
US Pre-Market Open - Live Free-Acess Day
Expert: Ed Ponsi
Start: Thu, Mar 15, 12:00 GMT
Sponsored by: 
Type of Session: Webinar
Current Session: Europe - U.S.
EUR/USD
Daily technical research - TODAY'S FOCUS: EURUSD & GBPUSD by FX Instructor
EURUSD-EUR dipped below 1.3100 levels on Friday testing a low of 1.3072 to close the week on the downside at 1.3114.The pair has not only tested 1.3080/52 zone, representing its Feb 22'07 for the fourth time (two in Feb & two in Mar) on Friday but formed an evening star candle pattern (reversal signal) on the daily chart suggesting further downside pressure could be seen. In addition, the pairs continued inability to push through 1.3171/89 levels, its .618 Ret (1.2867-1.3363)/Feb 20'07 high also supports the above scenario.
- FOREX FORUM: Technical Analysis forum. Post your charts and share your technical point of view.
- Follow the Market follow-up by Tony Juste
- Check out how the currency moved on Live Currency Rates & Charts at FXstreet.com
- Follow up the most relevant Economic Data in the new Real Time Economic Calendar
- Be up to date with the Latest Forex News
Other Topics for this Session:
Daily Trade Analysis - USDJPY looking for retracement by AMZ Capital
Daily Analysis - Dollar little changed after last week’s U.S. payrolls data by Finotec Group Inc.
European Forex Recap - European Forex Recap by FX Solutions
Majors at a Glance
- EUR/USD
- The pair keep moving up toward last week high at 1.3211
03/12/2007 11:59 GMT - GBP/USD
- Bounced at the third resistant 1.9424, now trades below 1.9400
03/12/2007 12:01 GMT - USD/CHF
- Continues to trade below the first resistant at 1.2278
03/12/2007 12:03 GMT - USD/JPY
- Moves down to trade around today pivot at 117.89
03/12/2007 12:05 GMT
Analyst Sentiment Index (ASI)
Analysts Sentiment Index - GBP/USD
**Source : CMS Forex, Danske Bank A/S, FXstreet.com, Global Forex Trading Ltd. , Mizuho Corporate Bank
[ View ASI page ] [ View GBP/USD page ]
Charting the Market Movers
EUR USD, Hourly
GBP USD, Hourly
Top Market Movers Preview
Germany ZEW SURVEY - ECONOMIC SENTIMENT
| Date (GMT) | Event | Cons. | Previous | |
| Mar 13 | 10:00 | ZEW Survey - Economic Sentiment | 3.1 | 2.9 |
Friday Notes - Correction, not a trend reversal by HVB Group
The growth expectations of financial analysts have staged a sizeable recovery recently. This underscores the good prospects that the VAT increase can be digested relatively well, despite the expected dip at the beginning of this year. Even though the sentix fell slightly in March, we expect a further moderate increase in the ZEW
[ Full Story ]- Tony Juste, FX Advisor at FXstreet.com: "Business confidence is a key indicator, especially after the rate hike by the ECB. A bad reading would open the door for speculation on a bad digestion of that decision and could lead also to think that economic growth (despite what they say) will be affected by such a decision." - FXstreet.com
Top Market Movers Review
UK PRODUCER PRICE INDEX - INPUT
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Mar 12 | 09:30 | Producer Price Index - Output (MoM) | 0.3% | 0.3% | 0.4% |
| Mar 12 | 09:30 | Producer Price Index - Input (YoY) | -1.0% | -0.8% | -2.1% |
| Mar 12 | 09:30 | Producer Price Index - Output (YoY) | 2.2% | 2.1% | 2.2% |
| Mar 12 | 09:30 | Producer Price Index - Input (MoM) | 1.3% | 0.7% | -2.0% |
European Market Update - UK PPI Surprise to the Upside by Trade The News
Core PPI Output reached its highest level since October of 2004 in the UK as raw material prices increased. While most of the numbers resulted in an upside surprise, there were downward revisions to the back month PPI input numbers.
[ Full Story ]- Read the Factory gate inflation remains at 2.2% at National Statistics
- UK February Output Producer Prices rise 2.2% yearly (FXstreet.com)
- UK Feb input prices jump 1.3 pct vs Jan; core output prices also rise sharply (AFX News)
- UK February PPI Table Of Data (Dow Jones)
Economic Events
| Date (GMT) | Country | Event | Actual | Cons. | Previous | |
| Mar 12 | 09:30 | UK | Producer Price Index - Input (MoM) (Feb) | 1.3% | 0.7% | -2.0% |
| 09:30 | UK | Producer Price Index - Input (YoY) (Feb) | -1.0% | -0.8% | -2.1% |
|
| 09:30 | UK | Producer Price Index - Output (MoM) (Feb) | 0.3% | 0.3% | 0.4% |
|
| 09:30 | UK | Producer Price Index - Output (YoY) (Feb) | 2.2% | 2.1% | 2.2% |
|
| 18:00 | US | Treasury Budget (Feb) | -116.5 | 83.2 | ||
| Mar 13 | 09:30 | UK | Trade Balance | -7.0B | -7.1B | |
| 10:00 | DE | ZEW Survey - Economic Sentiment (Mar) | 3.1 | 2.9 | ||
| 12:30 | US | Retail Sales (MoM) (Feb) | 0.3% | 0% | ||
| 15:30 | UK | Leading Indicator Index | 0.1% | 0.1% | ||
| Mar 14 | 12:30 | US | Current Account (4Q) | $203.0B | $225.6B | |