Monday, Mar 10, 12:12 GMT
U.S. Trading Newsletter
To Get Started
- Webinars VIDEOS: Mapping The News by John Jagerson
- FX Trader of the Year 2008 Contest: have a look at participants' statements
- Clocks Change: Spring Forward - Don't get lost!
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Live Sessions Schedule
Derek Frey's Outlook
Expert: Derek Frey
Start: Mon, Mar 10, 14:00 GMT
Sponsored by: 
Type of Session: Webinar
Advanced Methods for Finding Dominant Trends in Forex Markets
Expert: Steve Primo
Start: Mon, Mar 10, 15:00 GMT
Type of Session: Webinar
| Sponsored by | ||||
| Mon, Mar 10, 11:00 GMT | Weekly Webinar: 1st on Forex − The Week Ahead | Jerry Furst | WBN |  |
| Mon, Mar 10, 14:00 GMT | Derek Frey's Outlook | Derek Frey | WBN | |
| Mon, Mar 10, 15:00 GMT | Advanced Methods for Finding Dominant Trends in Forex Markets  | Steve Primo | WBN |  |
| Tue, Mar 11, 08:00 GMT | Outlook for the major currencies this week | Ian Copsey | WBN |  |
Current Session: Europe − U.S.
EUR/USD
Daily Forex News − Dollar dropped to record lows on Friday before rebounding on Fed liquidity move by ACM − Advanced Currency Markets
Euro posted a new all−time high 1.5462 on Friday. Medium term trading range is still 1.4500 – 1.5600. Initial support hold 1.5146 last Wednesday low. Psychological 1.5000 level marks strong key support before 1.4500 pivot point. Initial resistance hold 1.5396 Thursday high.
Other Topics for this Session:
Daily FX Report − The USD dropped to a new record low against the EUR by Varengold Wertpapierhandelsbank AG
FXA Column − $ index, into longer term support..... by FXA
Daily Outlook − USD/JPY daily by Karoll
Bank's Analysis
Today's Technical Trading Points by Danske Bank A/S
Currency Performance
Action Bias Summary Table − Action Bias Summary Table by ActionForex.com
FX Analysts' Comments
Top Picks by Tony Juste, FX advisor at FXstreet.com
Dead−Dollar Bounce? by John Jagerson and S. Wade Hansen by John Jagerson and S. Wade Hansen from Profiting With Forex
Majors at a Glance
- EUR/USD
- Moves down below pivot level 1.5374
03/10/2008 12:03 GMT - GBP/USD
- Trades around first resistant level 2.0204
03/10/2008 12:04 GMT - USD/CHF
- Moves up above pivot level 1.0222
03/10/2008 12:05 GMT - USD/JPY
- Trades below pivot level 102.44
03/10/2008 12:05 GMT
Analyst Sentiment Index (ASI)
Analysts Sentiment Index - EUR/USD
**Source : ActionForex.com, CMS Forex, Danske Bank A/S, FXstreet.com, Global Forex Trading, Mizuho Corporate Bank
[ View ASI page ] [ View EUR/USD page ]
Charting the Market Movers
EUR USD, Hourly
GBP USD, Hourly
Top Market Movers Preview
US WHOLESALE INVENTORIES
| Date (GMT) | Event | Cons. | Previous | |
| Mar 10 | 14:00 | Wholesale Inventories | 0.4% | 1.1% |
OUTLOOK Highlights of US economic indicators to be released in the coming week (Thomson Financial News)
The week will begin with the release of wholesale inventories, which in January are expected to have increased 0.5 pct following a 1.1 pct increase in the previous month. Wholesale sales in January are expected to have increased 0.4 pct following a 0.7 pct decline in the previous month.
[ Full Story ]- Ahead of the Bell: Wholesale trade (Thomson Financial News)
Top Market Movers Review
UK INDUSTRIAL PRODUCTION
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Mar 10 | 09:30 | Industrial Production (YoY) | 0.4% | 0.5% | 0.9% |
| Mar 10 | 09:30 | Manufacturing Production (YoY) | 0.6% | 0.1% | 0.1% |
| Mar 10 | 09:30 | Manufacturing Production (MoM) | 0.4% | 0.1% | -0.2% |
| Mar 10 | 09:30 | Industrial Production (MoM) | -0.1% | 0.1% | 0.0% |
DATA SNAP:UK Mfg Output Revived In Jan As Energy Output Fell (Dow Jones)
U.K. manufacturing output increased more strongly than expected in January, but overall industrial production was down slightly as output of oil, gas and coal fell 4.1%.
[ Full Story ]- Read the Index of production data at National Statistics
- UPDATE: UK Mfg Output Revived In Jan As Energy Output Fell (Dow Jones)
- UK Industrial production edges down in January; manufacturing output picks up (FXstreet.com)
- UK Jan manufacturing output rebounds vs Dec but industrial production still weak (Thomson Financial News)
Friday Notes - US economy – On the brink of recession? by HVB Group
Economic Events
| Date (GMT) | Country | Event | Actual | Cons. | Previous | |
| Mar 10 | 09:30 | UK | Industrial Production (MoM) (Jan) | -0.1% | 0.1% | 0.0% |
| 09:30 | UK | Manufacturing Production (YoY) (Jan) | 0.6% | 0.1% | 0.1% | |
| 09:30 | UK | Producer Price Index − Input (MoM) s.a (Feb) | 1.7% | 1.6% | 2.6% | |
| 09:30 | UK | Producer Price Index − Output (MoM) n.s.a (Feb) | 0.3% | 0.6% | 1.0% | |
| 09:30 | UK | Producer Price Index − Output (YoY) n.s.a (Feb) | 5.7% | 6.0% | 5.7% | |
| 12:00 | EMU | ECB's Trichet Speech | ||||
| 12:15 | CA | Housing Starts s.a (YoY) (Feb) | 210.0K | 222.7K | ||
| 14:00 | US | Wholesale Inventories (Jan) | 0.4% | 1.1% | ||
| 21:45 | NZ | Terms of Trade Index (4Q) | 3.6% | |||
| Mar 11 | 00:01 | UK | BRC Retail Sales Monitor − All (YoY) (Feb) | 2.6% | ||