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Special Webinars
24 hour Outlook
Expert: John Putman
Start: Thu, Mar 22, 17:00 GMT
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Type of Session: Webinar
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Expert: Jerry Furst
Start: Thu, Mar 29, 11:30 GMT
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Type of Session: Webinar
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Expert: Derek Frey
Start: Mon, Mar 26, 14:00 GMT
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Type of Session: Webinar
Current Session: Europe - U.S.
EUR/USD
Forex Daily Analysis - USD rebounding after a long bearish week by ForexYard
Technical indicators point that a slight bearish reversal can be expected today, as daily slow stochastic crossed above 80 readings and daily RSI is curving downwards above 80, however the heavy resistance level at 1.3370 has been breached and further highs are expected in the long run.
- FOREX FORUM: Technical Analysis forum. Post your charts and share your technical point of view.
- EUR/USD watch - triggers a 60m MACD divergence 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 Technical Analysis - EUR: Waking up to the new reality which is a practically worthless US dollar by Mizuho Corporate Bank
Global FX Daily - European Edition - FOMC drops reference to possibility of additional policy firming, but still sees upside inflation risks by Mellon Foreign Exchange
The Word of Majors - EUR: The market popped higher yesterday and the 1.3370 resistance was taken out by FXstreet.com
Majors at a Glance
- EUR/USD
- Moving down below today's pivot at 1.3354
03/22/2007 11:03 GMT - GBP/USD
- Trades below 1.9700 after bounced at first resistant 1.9734
03/22/2007 11:04 GMT - USD/CHF
- Moving up above today's pivot 1.2112
03/22/2007 11:04 GMT - USD/JPY
- Moving up above first resistant 117.90
03/22/2007 11:04 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, Saxo Bank
[ View ASI page ] [ View GBP/USD page ]
Charting the Market Movers
EUR USD, Hourly
GBP USD, Hourly
Top Market Movers Preview
US LEADING INDICATORS
| Date (GMT) | Event | Cons. | Previous | |
| Mar 22 | 14:00 | Leading Indicators (MoM) | -0.5% | 0.1% |
Friday Notes - EMU: Unimpresse by US slowdown by HVB Group
The Conference Board’s index will show a mix of positive and negative factors, with little net change, much like the January result.
[ Full Story ]Top Market Movers Review
EMU TRADE BALANCE N.S.A.
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Mar 22 | 10:00 | Trade Balance n.s.a. | -€7.8B | - | €2.5B |
DATA SNAP: Euro-Zone Jan Trade Account Swings Into Deficit (Dow Jones)
The euro zone had a trade deficit with the rest of the world in January 2007 as exports fell and imports rose. According to figures released by the European Union's statistics agency Eurostat Thursday, the 13 countries that share the euro had a deficit of EUR7.8 billion.
[ Full Story ]- Read the Euro area external trade deficit 7.8 bn euro at Eurostat [PDF, 76k]
- Euro Zone Trade Balance falls into red numbers in January (FXstreet.com)
- EU Trade Balance n.s.a. down to €-7.8B in Jan from revised €3.2B in December (FXstreet.com)
UK RETAIL SALES
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Mar 22 | 09:30 | Retail Sales (MoM) | 1.4% | 0.6% | -1.8% |
| Mar 22 | 09:30 | Retail Sales (YoY) | 4.9% | 3.7% | 3.3% |
European Market Update - UK Retail Sales Blow Out Expectations; Talk of Rate Hike Back on Table by Trade The News
Retail sales blew out expectations in the UK rising to 1.4% m/m in February, a 13-month high, and 4.9% y/y, a 26-month high, with upward revisions to January’s figures. Retail sales were led higher by growth in clothing and footwear sales, as well as other non-food store sales.
[ Full Story ]- The Advisor Blog: UK retail sales data
- Read the Underlying growth remains robust at National Statistics
- UK retail sales rebound in Feb with biggest monthly rise in two years UPDATE (AFX News)
- Forex - Pound strengthens after robust UK retail sales data UPDATE (AFX News)
- UK Retail Sales in February surprise for their good figures (FXstreet.com)
Economic Events
| Date (GMT) | Country | Event | Actual | Cons. | Previous | |
| Mar 22 | 09:30 | UK | Retail Sales (YoY) (Feb) | 4.9% | 3.7% | 3.3% |
| 10:00 | EMU | Industrial New Orders (YoY) (Jan) | 12.0% | 1.6% |
||
| 10:00 | EMU | Industrial New Orders s.a. (MoM) (Jan) | -0.2% | -1.0% | 2.8% |
|
| 10:00 | EMU | Trade Balance n.s.a. (Jan) | €-7.8B | €2.5B |
||
| 12:30 | US | Initial Jobless Claims (Mar 17) | 318K | |||
| 13:20 | US | Fed's Bernanke speaks on Credit Market in North Carolina | ||||
| 14:00 | US | Leading Indicators (MoM) (Feb) | -0.5% | 0.1% | ||
| Mar 23 | 07:00 | DE | Import Price Index (MoM) (Jan) | 0.6% | -0.7% | |
| 07:00 | DE | Import Price Index (YoY) (Feb) | 0.9% | 0.7% | ||
| 12:31 | US | Existing Home Sales (MoM) (Feb) | -1.7% | 3.0% | ||