Wednesday, Mar 12, 11:59 GMT
U.S. Trading Newsletter
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- Webinars VIDEOS: Strategic & Tactical FOREX Trading: Part 1 and Part 2 by Wayne McDonell
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Live Sessions Schedule
Level of Sentiment in the FX Market
Expert: Antonio Sousa
Start: Wed, Mar 12, 13:00 GMT
Sponsored by: 
Type of Session: Webinar
Live Look at Today's Markets
Expert: Derek Frey
Start: Wed, Mar 12, 17:00 GMT
Sponsored by: 
Type of Session: Webinar
| Sponsored by | ||||
| Wed, Mar 12, 13:00 GMT | Level of Sentiment in the FX Market | Antonio Sousa | WBN | |
| Wed, Mar 12, 15:00 GMT | Institutional Trading Strategies  | Andrei Pehar | WBN |  |
| Wed, Mar 12, 16:00 GMT | The US Dollar, How Low Can It Go? | Joseph Trevisani | WBN | |
| Wed, Mar 12, 17:00 GMT | Live Look at Today's Markets | Derek Frey | WBN | |
Current Session: Europe − U.S.
EUR/USD
Daily Analysis − Dollar strengthens as Fed injects $200b into financial sector by Finotec Group Inc.
The US dollar rose sharply against most currencies on Tuesday as concerns over the deepening credit crisis abated. The Euro reached highs of $1.5490 in European trade before falling to lows around $1.5285, and was last seen trading around $1.5368 9:00GMT.
Other Topics for this Session:
Daily Forex News − Fed new liquidity measures lowered market expectations for a strong interest rate cut by ACM − Advanced Currency Markets
Daily FX Report − Market dominated by the Fed decision by Varengold Wertpapierhandelsbank AG
FXA Column − $/yen, finally achieved long term target but.... by FXA
Market Thoughts − 12/3/2008 − the current market sentiment by FX Recommends
Banks' Analysis
Forex Trading Strategies − AUD spikes stronger ahead of key employment data tonight by Saxo Bank
Currency Performance
Action Bias Summary Table − Action Bias Summary Table by ActionForex.com
FX Analysts' Comments
FOREX Training Video − New York Session March 11, 2008 by Wayne McDonell, FxBootcamp.com
Majors at a Glance
- EUR/USD
- Trades around pivot level 1.5371
03/12/2008 10:12 GMT - GBP/USD
- Moves up above pivot level 2.0093
03/12/2008 10:13 GMT - USD/CHF
- Trades above pivot level 1.0275
03/12/2008 10:13 GMT - USD/JPY
- Trades above pivot level 102.81
03/12/2008 10:14 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 EIA CRUDE OIL STOCKS
| Date (GMT) | Event | Cons. | Previous | |
| Mar 12 | 14:30 | EIA Crude Oil Stocks | - | 3.2M |
OUTLOOK US crude stocks to have risen last week, gasoline seen down − poll (Thomson Financial News)
US crude oil stocks are likely to have risen last week while motor fuel inventory probably fell for the first time in 18 weeks, according to analysts polled by Thomson Financial News. The analysts expect weekly US Energy Information Administration inventory data, due at 2.30 pm today, will show crude stocks rose by about 1.9 mln barrels in the week to March 7.
[ Full Story ]- Ahead of the Bell: Oil Inventory (Thomson Financial News)
Top Market Movers Review
EMU INDUSTRIAL PRODUCTION S.A.
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Mar 12 | 10:00 | Industrial Production w.d.a. (YoY) | 3.8% | 2.6% | 1.7% |
| Mar 12 | 10:00 | Industrial Production s.a. (MoM) | 0.9% | 0.4% | 0.0% |
Euro Zone's Industrial Production growth has beaten expectations in January (FXstreet.com)
Industrial production has grown well above expectations in January after a weak performance in December, fuelled by increases in capital consumer goods and durable goods production, as the latest report by Eurostat shows.
[ Full Story ]- Read the report: Industrial production up by 0.9% in both euro area and EU27 at Eurostat
- Forex − Euro spikes higher after strong euro zone industrial output data UPDATE (Thomson Financial News)
- UPDATE: Euro−Zone Indus Output Could Dent Rate Cut Hopes (Dow Jones)
- Forex − Euro spikes higher after strong euro zone industrial production data (Thomson Financial News)
EMU economic indicators - German ZEW economic sentiment is expected to deteriorate in March by BHF−Bank
UK GOODS TRADE BALANCE
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Mar 12 | 09:30 | Goods Trade Balance | -£7.5B | £7.5B | -£7.5B |
| Mar 12 | 09:30 | Total Trade Balance | -4.1B | 4.6B | -4.1B |
DATA SNAP: UK January Goods Trade Deficit Flat At GBP7.5B (Dow Jones)
The U.K. global goods deficit remained unchanged at GBP7.5 billion in January from a downwardly revised GBP7.5 billion in December, the Office for National Statistics said Wednesday.
[ Full Story ]- Read the Trade Balance data at National Statistics
- DATA SNAP: UK January Goods Trade Deficit Flat At GBP7.5B (Dow Jones)
- UK trade deficit, practically unchanged in January (FXstreet.com)
- UK Jan trade deficit stable from Dec (Thomson Financial News)
Economic Events
| Date (GMT) | Country | Event | Actual | Cons. | Previous | |
| Mar 12 | 09:30 | UK | Goods Trade Balance (Jan) | £-7.5B | £7.5B | -£7.5B |
| 09:30 | UK | Total Trade Balance (Jan) | -4.1B | 4.6B | -4.1B |
|
| 10:00 | EMU | Industrial Production s.a. (MoM) (Jan) | 0.9% | 0.4% | 0.0% |
|
| 10:00 | EMU | Industrial Production w.d.a. (YoY) (Jan) | 3.8% | 2.6% | 1.7% |
|
| 10:00 | CH | ZEW Survey − Expectations (Mar) | -71.7 | -55.6 | ||
| 11:00 | US | MBA Mortgage Applications (Mar 7) | -1.9% | 3.0% | ||
| 14:30 | US | EIA Crude Oil Stocks | 3.2M | |||
| 21:45 | NZ | Retail Sales (MoM) (Jan) | 0.2% | 0.1% | ||
| 21:45 | NZ | Retail Sales ex Autos (MoM) (Feb) | 0.3% | |||
| 23:00 | NZ | NZD− Business NZ PMI (Feb) | 53.3 | |||