Tuesday, Mar 27, 11:06 GMT
U.S. Trading Newsletter
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Special Webinars
Fundamental and Technical Trading Opportunities that we are Watching
Expert: Kathy Lien
Start: Wed, Mar 28, 14:00 GMT
Sponsored by: 
Type of Session: Webinar
Watch Live Coverage of the US GDP
Expert: Jerry Furst
Start: Thu, Mar 29, 11:30 GMT
Sponsored by: 
Type of Session: Webinar
Current Session: Europe - U.S.
EUR/USD
Forex Technical Analysis - EUR/USD:(1.3337) Has approached 1.3422 (2nd target of MT Daily Double Bottom off 1.2939) by KBC Bank
New year high has approached 2nd target of the Medium Term daily Double Bottom off 1.2939 (1.3422), with pair currently back above 1.3320 (monthly Downtrendline off 1992 on synthetic charts), with Key Reversal Day at recent high.
- FOREX FORUM: Technical Analysis forum. Post your charts and share your technical point of view.
- Ifo analysis 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:
Forecast on Forex Majors - Forecast on Forex Majors by FX-Strategy
US Trading Preview - The dollar remains soft against the majors in early Tuesday trading by Forexnews.com
Currency Journal: Dollar down as New Home Sales see 6-year lows by Performance Capital
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
New Zealand WESTPAC CONSUMER CONFIDENCE
| Date (GMT) | Event | Cons. | Previous | |
| Mar 27 | 13:00 | Westpac Consumer Confidence | - | 119.7 |
Weekly Commentary - Confirming the strength by Westpac Institutional Bank
Consumer confidence rebounded in the second half of 2006 fuelled by falling petrol prices and strong income growth. However, since then interest rates have moved higher and petrol prices are up 13c/litre relative to the December survey. The RBNZ needs to see a moderation in consumer spending and the housing market in order to keep interest rates on hold.
[ Full Story ]US CONSUMER CONFIDENCE
| Date (GMT) | Event | Cons. | Previous | |
| Mar 27 | 14:00 | Consumer Confidence | 109.0 | 112.5 |
US economic indicators - March consumer confidence is expected to have declined markedly by BHF-Bank
After having risen from 110.2 to 112.5 in February, we expect the Conference Board’s consumer confidence to decline markedly from 112.5 to 107.0 in March, despite the slight decrease in the unemployment rate to 4.5% in February.
[ Full Story ]Asia Market Update - USD upside limited ahead of consumer confidence data by Trade The News
Top Market Movers Review
Germany IFO - BUSINESS CLIMATE
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Mar 27 | 08:00 | IFO - Business Climate | 107.7 | 106.0 | 107.0 |
European Market Update - German IFO Unexpectedly Grows in March by Trade The News
In Germany the IFO business climate, current assessment, and expectations all rose unexpectedly, beating estimates, and moving back towards multi-year highs seen in December.
[ Full Story ]- The Advisor Blog: IFO analysis
- Read the Ifo Business Survey March 2007 at Ifo Institute
- Forex - Euro firmer, government bonds softer on rise in Germany's Ifo indicator (AFX News)
- DATA SNAP: German Ifo Business Climate Beats Forecasts -3- (Dow Jones)
- German March Ifo business climate index posts a surprise increase from Feb (AFX News)
- Hans-Werner Sinn, Ifo President: "The surveyed firms have given more favourable assessments of their current business situation and their business outlook for the coming months. The economic upswing is strong and robust." - AFX News
EMU economic indicators - In March, the German ifo business climate index might deteriorate for the third consecutive time by BHF-Bank
Economic Events
| Date (GMT) | Country | Event | Actual | Cons. | Previous | |
| Mar 27 | 08:00 | DE | IFO - Business Climate (Mar) | 107.7 | 106.0 | 107.0 |
| 13:00 | NZ | Westpac Consumer Confidence (1Q) | 119.7 | |||
| 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 | ||
| 08:00 | EMU | M3 (YoY) (Feb) | 9.8% | 9.8% | ||
| 08:30 | UK | Gross Domestic Product (QoQ) (4Q) | 0.8% | 0.7% | ||