Monday, Mar 26, 11:02 GMT
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Derek Frey's Outlook
Expert: Derek Frey
Start: Mon, Mar 26, 14:00 GMT
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Type of Session: Webinar
Fundamental and Technical Trading Opportunities that we are Watching
Expert: Kathy Lien
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Current Session: Europe - U.S.
EUR/USD
Daily Analysis - Dollar extends gains after good U.S. housing data by Finotec Group Inc
1.3255 has supported the downside and price has lifted out of these lows. 1.3295 is interim resistance and stops are above here. Hourly studies are bullish and we could see a retest of the latter which would then leave our trade in danger. The daily charts favor the downside still and 1.3200 is a viable target here.
- FOREX FORUM: Technical Analysis forum. Post your charts and share your technical point of view.
- 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 - US new home sales today’s main data feature by Mellon Foreign Exchange
Weekly Technical Analysis Research - Weekly Technical Analysis Research by FX Instructor
Daily Trade Analysis - EURUSD retracement towards 1.3250 level by AMZ Capital
Majors at a Glance
- EUR/USD
- Trades around first support level at 1.3260 , moves on a narrow daily range
03/26/2007 09:36 GMT - GBP/USD
- Moves up and down between today's pivot at 1.9631 and first support at 1.9572
03/26/2007 09:36 GMT - USD/CHF
- Moves up toward first resistant at 1.2216
03/26/2007 09:36 GMT - USD/JPY
- Moving up above 118.25 , toward first resistant at 118.41
03/26/2007 09:36 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 NEW HOME SALES
| Date (GMT) | Event | Cons. | Previous | |
| Mar 26 | 14:00 | New Home Sales | 985K | 937K |
Friday Notes - Pullback in inflation does not mean all-clear for the ECB by HVB Group
The nasty weather in February certainly soured builder sentiment, as evidenced by the drop in the latest NAHB Housing Market Index. That suggests new home sales remained weak.
[ Full Story ]- Street looking to home sales, GDP data (AFX News)
- US ECONOMIC INDICATORS: Housing Data, Latest 6 Months (Dow Jones)
- Tony Juste, FX Advisor at FXstreet.com: "The housing market is in trouble and the data appearing looks to be calming down the anxiety of those who thought the bubble already burst and there could be a slowdown process. It will be interesting to see what amount of new houses are sold to understand in which part of the cycle we are at the moment. - FXstreet.com
Top Market Movers Review
France BUSINESS CONFIDENCE
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Mar 26 | 06:45 | Business Confidence | 109 | 107 | 107 |
European Market Update - French Business Confidence Rises Unexpectedly in March by Trade The News
French business confidence unexpectedly rose to a one-year high of 109 in the month of March, while the production outlook indicator was above estimates at –1, and the own-company production outlook was also above estimates at 17.
[ Full Story ]- Read the Monthly business survey at Insee
- French March business climate indicator 109 vs 108 in Feb - Insee (AFX News)
- DATA SNAP: France March Business Sentiment 109 Vs 108 In Feb (Dow Jones)
Economic Events
| Date (GMT) | Country | Event | Actual | Cons. | Previous | |
| Mar 26 | 04:00 | JP | BoJ Minutes | |||
| 06:45 | FR | Business Confidence (Mar) | 109 | 107 | 107 | |
| 14:00 | US | New Home Sales (Feb) | 985K | 937K | ||
| Mar 27 | 08:00 | DE | IFO - Business Climate (Mar) | 106 | 107 | |
| 14:00 | US | Consumer Confidence (Mar) | 109.0 | 112.5 | ||
| Mar 28 | 06:00 | DE | Consumer Price Index (MoM) (Mar)  | 0.2% | 0.4% | |
| 06:00 | DE | Consumer Price Index (YoY) (Mar) | 1.8% | 1.6% | ||
| 06:00 | UK | Nationwide Housing Prices n.s.a (YoY) (Mar) | 9.6% | 10.2% | ||
| 06:00 | UK | Nationwide Housing Prices s.a (MoM) (Mar) | 0.7% | 0.7% | ||
| 06:10 | DE | Gfk Consumer Confidence Survey (Apr) | 4.5 | 4.4 | ||