Tuesday, Mar 18, 11:41 GMT
U.S. Trading Newsletter
To Get Started
- Webinars VIDEOS: Combining Fundamental and Technical Analysis by S. Wade Hansen
- Central Banks: Fed − Preview of Mar 18 Meeting by FXstreet.com
- The Dollar, In Real Money Terms by Online Trading Academy
- FX Trader of the Year 2008 − Second week ranking
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Live Sessions Schedule
Technical Analysis Bootcamp: The indicators you need to know and how to interpret them
Expert: Dan Blystone
Start: Tue, Mar 18, 14:00 GMT
Type of Session: Webinar
Live Coverage of FOMC US Interest Rate Announcement
Expert: Jerry Furst
Start: Tue, Mar 18, 17:30 GMT
Sponsored by: 
Type of Session: Webinar
| Sponsored by | ||||
| Tue, Mar 18, 12:00 GMT | US Pre−Market Open  | Ed Ponsi | WBN |  |
| Tue, Mar 18, 13:30 GMT | Forex with Ed Ponsi | Ed Ponsi | WBN | |
| Tue, Mar 18, 14:00 GMT | Technical Analysis Bootcamp: The indicators you need to know and how to interpret them | Dan Blystone | WBN | |
| Tue, Mar 18, 15:00 GMT | Trading with Autochartist | Raghee Horner | WBN | |
Current Session: Europe − U.S.
EUR/USD
Daily Forex News − Dollar stands still at record low prices ahead of FOMC deicision by ACM − Advanced Currency Markets
It remains to be seen whether the Federal Reserve's attempt to increase liquidity in the market will have any effect on investor sentiment. The market awaits the FOMC rate decision which is now broadly expected to be a 100bp cut, revised from 75bp. The dollar has been relatively stable within the past 24 hours. EURUSD trades now at 1.5790, down from its 1.5904 high early Monday morning.
Other Topics for this Session:
Daily Analysis − Dollar awaits Fed's decision by Finotec Group Inc.
Currency Performance
Action Bias Summary Table − Action Bias Summary Table by ActionForex.com
Majors at a Glance
- EUR/USD
- Trades above first resistant level 1.5729
03/18/2008 10:20 GMT - GBP/USD
- Trades around second support level 2.0033
03/18/2008 10:20 GMT - USD/CHF
- Trades around second support level 0.9860
03/18/2008 10:20 GMT - USD/JPY
- Trades below second support level 97.45
03/18/2008 10:20 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 PRODUCER PRICE INDEX
| Date (GMT) | Event | Cons. | Previous | |
| Mar 18 | 12:30 | Producer Price Index ex Food & Energy (MoM) | - | 0.4% |
| Mar 18 | 12:30 | Producer Price Index (MoM) | 0.4% | 1.0% |
| Mar 18 | 12:30 | Producer Price Index ex Food & Energy (YoY) | 2.1% | 2.3% |
| Mar 18 | 12:30 | Producer Price Index (YoY) | 6.8% | 7.4% |
US economic indicators - The FOMC is expected to cut the federal funds rate sharply again by BHF−Bank
Producer prices (PPI) rose sharply by 1.0% mom in January, particularly due to energy. Although average crude oil prices went up again significantly, oil prices in the relevant week including the 13th were only slightly higher than in the previous month.
[ Full Story ]Top Market Movers Review
Canada CONSUMER PRICE INDEX
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Mar 18 | 11:00 | Consumer Price Index (YoY) | 1.8% | 1.8% | 2.2% |
| Mar 18 | 11:00 | Bank of Canada Consumer Price Index Core (MoM) | 0.5% | 0.3% | 0.1% |
| Mar 18 | 11:00 | Bank of Canada Consumer Price Index Core (YoY) | 1.5% | 1.2% | 1.4% |
| Mar 18 | 11:00 | Consumer Price Index (MoM) | 0.4% | 0.3% | -0.2% |
Canadian consumer inflation moderates in February (FXstreet.com)
Consumer prices have moderated their yearly growing pace in February, going down to levels below 2.0% in year on year terms, as prices have enjoyed a lower pressure from gasoline prices, according to the latest report by Statscan.
[ Full Story ]- Read the Consumer Price Index data at Statistics Canada
- Canada Consumer Price Index rises 1.8% on the year in Feb; core CPI 1.5% up (FXstreet.com)
UK CONSUMER PRICE INDEX
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Mar 18 | 09:30 | Consumer Price Index (YoY) | 2.5% | 2.5% | 2.2% |
| Mar 18 | 09:30 | Core Consumer Price Index (YoY) | 1.2% | 1.4% | 1.3% |
| Mar 18 | 09:30 | Consumer Price Index (MoM) | 0.7% | 0.8% | -0.7% |
DATA SNAP: UK Feb CPI Rises To +2.5% YY ; Less Than Expected (Dow Jones)
The U.K. consumer price index rose at its fastest annual pace since May 2007, at 2.5% in February, but the increase was slightly less than economists had expected. Meanwhile, the core inflation rate, excluding energy, food, alcohol and tobacco decelerated to a 1.2% annual rate, its lowest level since August 2006.
[ Full Story ]- Read the Consumer Price Index data at National Statistics
- UK Feb annual CPI inflation rises to 2.5 pct, fastest rise since May (Thomson Financial News)
- UK Inflation increases on electricity and fuel prices in February (FXstreet.com)
- United Kingdom Feb Consumer Price Index increases 2.5%; Core CPI 1.2% up (FXstreet.com)
Friday Notes - The Fed takes the reins by HVB Group
Economic Events
| Date (GMT) | Country | Event | Actual | Cons. | Previous | |
| Mar 18 | 09:30 | UK | Consumer Price Index (MoM) (Feb) | 0.7% | 0.8% | -0.7% |
| 09:30 | UK | Retail Price Index (MoM) (Feb) | 0.8% | 0.8% | -0.5% | |
| 11:00 | CA | Bank of Canada Consumer Price Index Core (MoM) (Feb) | 0.5% | 0.3% | 0.1% | |
| 11:00 | CA | Bank of Canada Consumer Price Index Core (YoY) (Feb) | 1.5% | 1.2% | 1.4% | |
| 11:00 | CA | Consumer Price Index (MoM) (Feb) | 0.4% | 0.3% | -0.2% | |
| 11:00 | CA | Consumer Price Index (YoY) (Feb) | 1.8% | 1.8% | 2.2% | |
| 12:30 | US | Building Permits (MoM) (Feb) | 1.023M | 1.048M | ||
| 12:30 | US | Housing Starts (YoY) (Feb) | 0.995K | 1.012M | ||
| 12:30 | US | Producer Price Index (MoM) (Feb) | 0.4% | 1.0% | ||
| 12:30 | US | Producer Price Index (YoY) (Feb) | 6.8% | 7.4% | ||