Wednesday, Mar 28, 10:59 GMT
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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
How to become a professional trader - System Trading vs. Discretionary Trading: Which Is Better?
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Start: Tue, Apr 3, 16:00 GMT
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Type of Session: Webinar
Current Session: Europe - U.S.
USD/JPY
Global FX Daily - U.S. Edition - Move lower expected unless US news worsens further by Mellon Foreign Exchange
JPY trading today will be significantly influenced by global equity markets and any words from US and UK officials about the latest developments with Iran. The main short-term support area on USD-JPY is at 116.70-117.00.
- At the Open. Geo-politicals jump in 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 Trading Strategy - Serious problems ahead by MVDForex
Daily Forex Technical Report - Dollar Trading with an Undertone ahead of Bernanke and Durables by ActionForex.com
Daily Technical Analysis - JPY: Dropping to 117.00 as expected and should try and hold above here this morning by Mizuho Corporate Bank
- EUR/USD
- Trades around today's pivot at 1.3344 after bounced at first support 1.3326
03/28/2007 10:17 GMT - GBP/USD
- Trades around 1.9635 after bounced at first support 1.9615
03/28/2007 10:17 GMT - USD/CHF
- Trades around 1.2115 after bounced at today's pivot at 1.2138
03/28/2007 10:17 GMT - USD/JPY
- Trades around 117.40 , between second and third support
03/28/2007 10:17 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 DURABLE GOODS ORDERS
| Date (GMT) | Event | Cons. | Previous | |
| Mar 28 | 12:30 | Durable Goods Orders | 3.5% | -7.8% |
The Week Ahead - New Home Sales, Consumer Confidence, Durable Goods Orders, Construction Spending, Personal Income & Spending by BBVA Bancomer
In February, a rebound in orders of civilian aircraft boosted total durable goods orders, which we expect to increase by 4.2% after falling 7.8% in the previous month. Industrial production figures suggested that manufacturing could have been surmounting an inventories-correction process.
[ Full Story ]Top Market Movers Review
UK GROSS DOMESTIC PRODUCT
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Mar 28 | 08:30 | Gross Domestic Product (QoQ) | 0.7% | 0.8% | 0.7% |
| Mar 28 | 08:30 | Gross Domestic Product (YoY) | 3% | 3% | 3% |
DATA SNAP: UK 4Q GDP Revised Down To +0.7% QQ (Dow Jones)
The U.K. economy grew at a quarter-on-quarter rate of 0.7% in the final three months of 2006, a slower rate of expansion than previously estimated, according to figures released Wednesday.
[ Full Story ]- Read the UK economy up by 0.7% in Q4 2006 at National Statistics
- The Advisor Blog: UK data
- UK Q4 GDP quarterly growth unexpectedly revised down to 0.7 pct UPDATE (AFX News)
- Forex - Pound weaker after Q4 GDP revisions, current account deficit (AFX News)
- DATA SNAP: UK 4Q GDP Revised Down To +0.7% QQ -2- (Dow Jones)
EMU M3
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Mar 28 | 08:00 | M3 (YoY) | 10.0% | 9.8% | 9.9% |
European Market Update - Euro-Zone M3 Pushes New 17-Year High by Trade The News
In the Euro-Zone M-3 data rose to a new 17-year high on both a y/y and 3-month average basis increasing speculation that the ECB will have to raise rates within the coming months.
[ Full Story ]- European Central Bank homepage
- Euro zone M3 growth edges up to 10.0 pct in Feb (AFX News)
- Euro Zone M3 edges up in February (FXstreet.com)
- DATA SNAP: Euro-Zone Feb M3 +10.0% On Year Vs +9.9% In Jan (Dow Jones)
Economic Events
| Date (GMT) | Country | Event | Actual | Cons. | Previous | |
| Mar 28 | 08:00 | EMU | M3 (YoY) (Feb) | 10.0% | 9.8% | 9.9% |
| 08:30 | UK | Gross Domestic Product (QoQ) (4Q) | 0.7% | 0.8% | 0.7% | |
| 08:30 | UK | Gross Domestic Product (YoY) (4Q) | 3% | 3% | 3% | |
| 09:30 | CH | KOF Swiss Leading Indicator (Mar) | 1.90 | 1.83 | 1.81 |
|
| 12:30 | US | Durable Goods Orders (Feb) | 3.5% | -7.8% | ||
| 13:30 | US | Bernanke testifies before Joint Economic Commitee | ||||
| 14:30 | US | EIA Crude Oil Stocks (Mar 23) | 3.7M | |||
| 23:50 | JP | Retail Trade (YoY) (Feb) | 0.1% | -0.9% | ||
| 23:50 | JP | Retail Trade s.a (MoM) (Feb) | -0.5% | 2.2% | ||
| Mar 29 | 07:55 | DE | Unemployment Change (Mar) | -46K | -79K | |