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Current Session: Europe - U.S.
EUR/USD
Forex Trading Strategies - EURUSD Breaks 1.3260 In Asia by Saxo Bank
The pair broke 1.3260 in Asia and the bidding has continued through early European session. Breaking the 2007 highs at 1.3370 looks likely if the US CPI and US Capacity Utilization comes out lower than expected, which is our preferred scenario.
- FOREX FORUM: Technical Analysis forum. Post your charts and share your technical point of view.
- Read The EUR/USD watch 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:
Global FX Daily - U.S. Edition - USD weaker as EUR-USD breaks above 2006 highs by Mellon Foreign Exchange
Forex Daily Analysis - The USD fails to strengthen despite high inflation figures by ForexYard
Currency Performance Report - Asia Session Performance Report by FXstreet.com
Majors at a Glance
- EUR/USD
- Broke this year high 1.3296, the pair keep moving up above 1.3330
03/16/2007 11:10 GMT - GBP/USD
- Keep moving up toward 1.9500 after broke third resistant level at 1.9489
03/16/2007 11:10 GMT - USD/CHF
- Moving down below 1.2050, below third support level
03/16/2007 11:10 GMT - USD/JPY
- Continues to move down below second support at 116.69
03/16/2007 11:10 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 INDUSTRIAL PRODUCTION
| Date (GMT) | Event | Cons. | Previous | |
| Mar 16 | 13:15 | Industrial Production (MoM) | 0.3% | -0.5% |
| Mar 16 | 13:15 | Capacity Utilization | 81.3% | 81.2% |
The Week Ahead - Retail Sales, Current Account, Import Prices, CPI, and Industrial Production by BBVA Bancomer
Leading manufacturing indicators suggested that production rebounded in February after contracting in the previous month. Manufacturing ISM increased to 54.3 in February from a contracting level of 49.3 in January. We expect total industrial production to increase by 0.2% in February after declining 0.5% in the previous month.
[ Full Story ]Top Market Movers Review
US CONSUMER PRICE INDEX
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Mar 16 | 12:30 | Consumer Price Index (MoM) | 0.4% | 0.3% | 0.2% |
| Mar 16 | 12:30 | Consumer Price Index (YoY) | 2.4% | 2.3% | 2.1% |
| Mar 16 | 12:30 | Consumer Price Index Ex Food & Energy (MoM) | 0.2% | 0.2% | 0.3% |
| Mar 16 | 12:30 | Consumer Price Index Ex Food & Energy (YoY) | 2.7% | 2.7% | 2.7% |
DATA SNAP:CPI Up On Food, Energy; Suggests Fed Status Quo (Dow Jones)
U.S. consumer prices rose last month on higher food and energy prices while underlying inflation crept up modestly, suggesting that inflation still remains an upside risk. The data support expectations that the Federal Reserve will hold official interest rates steady when it meets next week and also maintain its tightening bias.
[ Full Story ]- US February CPI up 0.4 pct, core CPI up 0.2 pct (AFX News)
- U.S. February CPI edges up on food and energy (FXstreet.com)
- US Feb Consumer Price Index rises to 2.4 on the year; core CPI 2.7% up (FXstreet.com)
- Johan Ditz Lemche, analyst at Saxo Bank: "Today's (US) CPI figures are very important. A low reading would suggest a weakening US economy and add to the recent worries about a subprime spill-over effect." - FXstreet.com
Economic Data Roundup - United States: 16/3 Consumer Prices (Feb) by ODL Securities
Wakeup Call on Forex Markets - US CPI to Give Direction by Saxo Bank
Daily Forex Technical Report - EUR/USD Breaks 1.33 Level, US CPI Watched by ActionForex.com
Economic Events
| Date (GMT) | Country | Event | Actual | Cons. | Previous | |
| Mar 16 | 12:30 | US | Consumer Price Index (MoM) (Feb) | 0.4% | 0.3% | 0.2% |
| 12:30 | US | Consumer Price Index (YoY) (Feb) | 2.4% | 2.3% | 2.1% | |
| 12:30 | US | Consumer Price Index Ex Food & Energy (MoM) (Feb) | 0.2% | 0.2% | 0.3% | |
| 12:30 | US | Consumer Price Index Ex Food & Energy (YoY) (Feb) | 2.7% | 2.7% | 2.7% | |
| 13:15 | US | Capacity Utilization (Feb) | 81.3% | 81.2% | ||
| 13:15 | US | Industrial Production (MoM) (Feb) | 0.3% | -0.5% | ||
| Mar 20 | 12:30 | US | Building Permits (MoM) (Feb) | 1650K | 1571K | |
| 12:30 | US | Housing Starts (YoY) (Feb) | 1.450M | 1.408M | ||
| Mar 21 | 18:15 | US | FOMC Policy Announcement | |||
| Mar 22 | 12:30 | US | Initial Jobless Claims (Mar 17) | 318K | ||