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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
The Word of Majors - EUR: The mentioned head-and-shoulders top is being dismantled by FXstreet.com
The mentioned head-and-shoulders top is being dismantled after the successful defense of the key 1.3065 support. The market is eliminating the 1.3188 resistance and this opens the way up toward the 1.3260 top. First minor support slices in at 1.3148. Holding above it keeps the fledgling upward bias intact but breaking below it could see levels down to 1.3088 to 1.3065, where the bulks will likely give the upside another shot.
- FOREX FORUM: Technical Analysis forum. Post your charts and share your technical point of view.
- At the open. Something is cooking. Tony Juste reviews majors at open markets time
- 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:
Weekly Analysis - Dollar may strengthen as this week's U.S. economic data looking positive by Finotec Group Inc
Daily technical research - Daily technical research by FX Instructor
Exceeding Strategies - Strange week ahead, keep your heads down by Nexum Capital Markets
Majors at a Glance
- EUR/USD
- The pair continue to move down below today's pivot at 1.3166
03/13/2007 10:09 GMT - GBP/USD
- Continues to move down toward first support at 1.9242
03/13/2007 10:09 GMT - USD/CHF
- Not going anywhere, the pair still trades around 1.2250
03/13/2007 10:09 GMT - USD/JPY
- Continues to trade below 117.40, just between today's pivot and first support
03/13/2007 10:09 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
US RETAIL SALES
| Date (GMT) | Event | Cons. | Previous | |
| Mar 13 | 12:30 | Retail Sales (MoM) | 0.3% | 0% |
| Mar 13 | 12:30 | Advance Retail Sales | 0.3% | 0% |
The Week Ahead - Retail Sales, Current Account, Import Prices, CPI, and Industrial Production by BBVA Bancomer
Total retail sales probably expanded by 0.4% in February following no change in the previous month. Sales at gas stations could have added 0.2 percentage points to the monthly change, while sales of motor vehicles and parts are expected to subtract 0.1 percentage points.
[ Full Story ]- Tony Juste, FX Advisor at FXstreet.com: "Retail Sales are likely to determine how the US consumer is doing, and if that part of the economy can sustain the current economic cycle. I would dare to say that this data is more important than the unemployment itself." - FXstreet.com
Top Market Movers Review
Germany ZEW SURVEY - ECONOMIC SENTIMENT
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Mar 13 | 10:00 | ZEW Survey - Economic Sentiment | 5.8 | 3.1 | 2.9 |
European Market Update - German ZEW Survey Exceeds Expectations by Trade The News
In Germany, both the ZEW current situation and economic sentiment surveys exceeded expectations on increasing evidence that the German economy will weather the VAT hike implemented in January.
[ Full Story ]- Read the ZEW Indicator of Economic Sentiment - Moderate upswing at ZEW
- German ZEW March economic expectations index +5.8 pts vs +2.9 in Feb (AFX News)
- German ZEW Economic sentiment survey rises in March (FXstreet.com)
- Germany Mar ZEW Survey - Economic Sentiment rises to 5.8 from 2.9 in Feb (FXstreet.com)
- 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
German ZEW and US Retail Sales in Focus by ActionForex.com
UK TRADE BALANCE
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Mar 13 | 09:30 | Total Trade Balance | -3.8B | -4.9B | -4.5B |
| Mar 13 | 09:30 | Trade Balance | -6.2B | -7.0B | 6.9B |
UK Jan global trade in goods deficit 6.2 bln stg, smallest since Oct 2005 (AFX News)
The UK's trade deficit with the rest of the world narrowed by more than expected in January to its smallest level since October 2005, due mostly to a fall in the deficit with non-EU countries, official figures showed.
[ Full Story ]- Read the Deficit narrowed to £3.8 bn in Jan 2007 at National Statistics
- UK Jan global trade in goods deficit 6.2 bln stg, smallest since Oct 2005 UPDATE (AFX News)
- UK’s trade deficit narrows in January (FXstreet.com)
- United Kingdom Trade gap -6.2 Billion in Jan -7.0B expected (FXstreet.com)
- Tony Juste, FX Advisor at FXstreet.com: "Although figures came out better than expected, the trade deficit in the UK still is big, and one of the worries of the BoE, who expressed its concerns of a growing gap in the short term. With an interest rate policy that still looks hawkish, it'll be a matter of Bank's decisions rather than economic fundamentals to balance the situation." - FXstreet.com
Economic Events
| Date (GMT) | Country | Event | Actual | Cons. | Previous | |
| Mar 13 | 00:01 | UK | RICS House Price Balance (Feb) | 24% | 23% | 28% |
| 09:30 | UK | Total Trade Balance (Feb) | -3.8B | -4.9B | -4.5B |
|
| 09:30 | UK | Trade Balance | -6.2B | -7.0B | 6.9B |
|
| 10:00 | DE | ZEW Survey - Economic Sentiment (Mar) | 5.8 | 3.1 | 2.9 | |
| 12:30 | US | Advance Retail Sales (Feb) | 0.3% | 0% | ||
| 12:30 | US | Retail Sales (MoM) (Feb) | 0.3% | 0% | ||
| 14:00 | US | Business Inventories (Jan) | 0.1% | 0% | ||
| 15:30 | UK | Leading Indicator Index | 0.1% | 0.1% | ||
| 21:45 | NZ | Manufacturing Production (MoM) (4Q) | 2.7% | |||
| Mar 14 | 09:30 | UK | Claimant Count Rate (Feb) | 2.9% | 2.9% | |