Monday, Mar 17, 12:04 GMT
U.S. Trading Newsletter
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Derek Frey's Outlook
Expert: Derek Frey
Start: Mon, Mar 17, 14:00 GMT
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Type of Session: Webinar
Using fibonacci retracements to identify support and resistance
Expert: John Jagerson
Start: Mon, Mar 17, 16:00 GMT
Sponsored by: 
Type of Session: Webinar
| Sponsored by | ||||
| Mon, Mar 17, 12:00 GMT | US Pre−Market Open  | Ed Ponsi | WBN |  |
| Mon, Mar 17, 13:30 GMT | US Session Open | Ed Ponsi | WBN | |
| Mon, Mar 17, 14:00 GMT | Derek Frey's Outlook | Derek Frey | WBN | |
| Mon, Mar 17, 15:00 GMT | Advanced Methods for Finding Dominant Trends in Forex Markets | Steve Primo | WBN | |
Current Session: Europe − U.S.
USD/JPY
USD/JPY Daily Technical Forex − 96.50, trading well below the daily pivot point level of 99.71 by Stoploss.ch
Current level at 12:45 CET is 96.50, trading well below the daily pivot point level of 99.71 and having reached our downside target of 95.70 which represents the Fibonacci 76.4 percent retracement level of the entire 79.78 − 147.62 range. While an overshooting is by all means possible in such a volatile market environment, we are of the opinion that additional significant downside potential has been exhausted for the present time. Existing short positions should now be hedged.
Banks' Analysis
Today's Technical Trading Points by Danske Bank A/S
FX Analysts' Comments
To Save The Dollar − Fed Should Keep Rates Steady! by Jerry Furst, Director Investors Education Network
Majors at a Glance
- EUR/USD
- Continues to trade around second resistant level 1.5786
03/17/2008 11:54 GMT - GBP/USD
- Continues to move down below second support level 2.0033
03/17/2008 11:54 GMT - USD/CHF
- Trades below second support level 0.9860
03/17/2008 11:55 GMT - USD/JPY
- Moves down towards third support level 96.01
03/17/2008 11:55 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 CURRENT ACCOUNT
| Date (GMT) | Event | Cons. | Previous | |
| Mar 17 | 12:30 | Current Account | -$184.4B | -$178.5B |
Friday Notes - The Fed takes the reins by HVB Group
The current account sums up three balances: the deficit on goods and services, the surplus on net investment income, and net unilateral transfers, usually a deficit representing remittances of immigrants sending money back home.
[ Full Story ]- Ahead of the Bell: Current Account (Thomson Financial News)
Top Market Movers Review
EMU EMPLOYMENT CHANGE
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Mar 17 | 10:00 | Employment Change (YoY) | 1.7% | - | 1.9% |
| Mar 17 | 10:00 | Employment Change (QoQ) | 0.2% | - | 0.3% |
DATA SNAP: Euro−Zone Employment Rises 0.2% On Qtr In 4Q (Dow Jones)
The number of people in work in the euro zone continued to rise in the fourth quarter of 2007, suggesting that the currency area's labor markets were in robust health as the year drew to a close.
[ Full Story ]- Read the report: Euro area and EU27 employment up by 0.2% at Eurostat
- Euro zone Q4 employment up 0.2 pct vs Q3, up 1.7 pct year−on−year (Thomson Financial News)
- Euro Area employment increased 0.2% in the 4Q (FXstreet.com)
- EU Employment rises 0.2% in the 4Q; 1.7% up year−on−year (FXstreet.com)
Economic Events
| Date (GMT) | Country | Event | Actual | Cons. | Previous | |
| Mar 16 | 23:50 | JP | Tertiary Industry Index (MoM) | 0.7% | 0.7% | -0.6% |
| Mar 17 | 05:00 | JP | Leading Economic Index (Jan) | 36.4 | 45.5 | |
| 08:15 | CH | Adjusted Real Retail Sales (YoY) (Jan) | 1.3% | 2.7% | 1.2% | |
| 10:00 | EMU | Employment Change (QoQ) (4Q) | 0.2% | 0.3% | ||
| 10:00 | EMU | Employment Change (YoY) (4Q) | 1.7% | 1.9% | ||
| 12:30 | US | Current Account (4Q) | -$184.4B | -$178.5B | ||
| 12:30 | CA | Manufacturing Shipments (MoM) (Jan) | 0.6% | -3.4% | ||
| 12:30 | CA | New Motor Vehicle Sales (MoM) (Jan) | 5.5% | 4.8% | ||
| 12:30 | US | NY Empire State Manufacturing Index (Mar) | -6.30 | -11.72 | ||
| 13:00 | US | Net Long−term TIC Flows (Jan) | $56.5B | |||