Friday, Mar 23, 13:09 GMT
U.S. Trading Newsletter
To Get Started
- Special webinar: Trade What is Real, Not What You Feel with Sam Seiden
- Check out our special coverage of the Fed Meeting or review the Forum Poll: Watch out the Fed!
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Special Webinars
Watch Live Coverage of the US GDP
Expert: Jerry Furst
Start: Thu, Mar 29, 11:30 GMT
Sponsored by: 
Type of Session: Webinar
Derek Frey's Outlook
Expert: Derek Frey
Start: Mon, Mar 26, 14:00 GMT
Sponsored by: 
Type of Session: Webinar
Current Session: Europe - U.S.
EUR/USD
Forex Trading Strategies - USD correction higher in early European session by Saxo Bank
EUR/USD is still trading frin the distributive zone from early february, a closae above 1.3260 is needed, which technically would confirm a test of 1.3370 2007 highs. Longer term bull trend remain in place, only a close below 1.2865 would change the medium term bullish picture.
- FOREX FORUM: Technical Analysis forum. Post your charts and share your technical point of view.
- Read Tony Juste's Trade Alerts
- 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 Range-Breakout Barometer - EURUSD: A choppy week for euro vol traders as the currency continued by FXCM
Daily Forex Technical Report - Consolidation to Continue, More Housing Data Due by ActionForex.com
The Word of Majors - EUR: The break below 1.3341 was the first hint that the upside bias has started by FXstreet.com
Majors at a Glance
- EUR/USD
- Moving down toward first support at 1.3289
03/23/2007 10:52 GMT - GBP/USD
- Moving up and down , now trades around today's pivot at 1.9660
03/23/2007 10:52 GMT - USD/CHF
- Moves on a tight daily range, trades around opening price level at 1.2143
03/23/2007 10:52 GMT - USD/JPY
- Moves down toward first support at 117.44
03/23/2007 10:52 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 EXISTING HOME SALES
| Date (GMT) | Event | Cons. | Previous | |
| Mar 23 | 14:00 | Existing Home Sales (MoM) | -1.7% | 3.0% |
| Mar 23 | 14:00 | Existing Home Sales | 6.35M | 6.46 |
Daily Forex Technical Report - Consolidation to Continue, More Housing Data Due by ActionForex.com
The fall in existing home sales has stopped at 6.25m last Nov and rebounded strongly to 6.46m in Jan. So, today's data, if came in as expected, won't cause much additional concern on the housing markets.
[ Full Story ]Wakeup Call on Forex Markets - Focus on US Housing Market Data by Saxo Bank
Asia Market Update - Asia Market Update - Traders turn cautious ahead of existing home sales data by Trade The News
Top Market Movers Review
EMU CURRENT ACCOUNT
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Mar 23 | 09:00 | Current Account | 2.7B | 2.5B | 2.0B |
Euro zone Jan current account surplus 2.7 bln eur vs 2.0 bln in Dec UPDATE (AFX News)
The euro zone seasonally adjusted current account surplus rose to 2.7 bln eur in January from a revised 2.0 bln eur in December, the European Central Bank said. Economists were looking for a January surplus of 2.5 bln eur.
[ Full Story ]Economic Events
| Date (GMT) | Country | Event | Actual | Cons. | Previous | |
| Mar 23 | 07:00 | DE | Import Price Index (MoM) (Jan) | 0.5% | 0.6% | -0.7% |
| 07:00 | DE | Import Price Index (YoY) (Feb) | 0.8% | 0.9% | 0.7% | |
| 09:00 | EMU | Current Account | 2.7B | 2.5B | 2.0B |
|
| 14:00 | US | Existing Home Sales (Feb) | 6.35M | 6.46 | ||
| 14:00 | US | Existing Home Sales (MoM) (Feb) | -1.7% | 3.0% | ||
| Mar 26 | 14:00 | US | New Home Sales (Feb) | 985K | 937K | |
| Mar 27 | 14:00 | US | Consumer Confidence (Mar) | 109.0 | 112.5 | |
| Mar 28 | 12:30 | US | Durable Goods Orders (Feb) | 3.5% | -7.8% | |
| 14:30 | US | EIA Crude Oil Stocks (Mar 23) | 3.7M | |||
| Mar 29 | 12:30 | US | Gross Domestic Product Annualized (4Q) | 2.2% | 2.2% | |