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U.S. Trading Newsletter
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- Webinars VIDEOS: Understanding The Exact Process Behind The Movement In Price by Sam Seiden
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Live Sessions Schedule
MONTHLY WEBINAR: Forex Options: Boost your bottom line − Part 1
Expert: Derek Frey
Start: Thu, Mar 20, 14:00 GMT
Sponsored by: 
Type of Session: Webinar
| Sponsored by | ||||
| Thu, Mar 20, 14:00 GMT | MONTHLY WEBINAR: Forex Options: Boost your bottom line − Part 1 | Derek Frey | WBN | |
| Thu, Mar 20, 16:00 GMT | MONTHLY WEBINAR: Forex Options: Boost your bottom line − Part 2  | Derek Frey | WBN | |
| Tue, Mar 25, 09:00 GMT | FX Instructor Live Trading Room | Nader Moustafa | WBN |  |
| Tue, Mar 25, 12:00 GMT | US Pre−Market Open | Ed Ponsi | WBN |  |
Current Session: Europe − U.S.
EUR/USD
Daily Analysis − Dollar rises as commodities tumble by Finotec Group Inc.
The dollar gained some ground on the Euro on speculation manufacturing and service growth will slow in March. The euro fell to $1.5541 and was last seen trading at $1.5559 8:50GMT, the lowest since March 14. The currency weakened to 154.07 yen from 154.80 yen. The U.S. dollar was 99.03 yen and last seen trading near 99.57 8:50GMT. Market strategy is to buy a bounce near 97.70.
Currency Performance
Action Bias Summary Table − Action Bias Summary Table by ActionForex.com
FX Analysts' Comments
The other North American currency by John Jagerson and S. Wade Hansen from Profiting With Forex
Majors at a Glance
- EUR/USD
- Moves down towards first support level 1.5554
03/20/2008 10:13 GMT - GBP/USD
- Trades around opening price level 1.9830 , below pivot level 1.9928
03/20/2008 10:13 GMT - USD/CHF
- Moves up towards first resistant level 1.0053
03/20/2008 10:13 GMT - USD/JPY
- Trades above pivot level 98.93
03/20/2008 10:13 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 LEADING INDICATORS
| Date (GMT) | Event | Cons. | Previous | |
| Mar 20 | 14:00 | Leading Indicators (MoM) | -0.3% | -0.1% |
Friday Notes - The Fed takes the reins by HVB Group
February's climb in initial jobless claims was just one of a number of drags on the leading indicators. The stock market and consumer confidence were also weak. And we anticipate another drop in new building permits, lowering the index further.
[ Full Story ]- Ahead of the Bell: Leading Indicators (Thomson Financial News)
Top Market Movers Review
UK RETAIL SALES
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Mar 20 | 09:30 | Retail Sales (MoM) | 1.0% | -0.2% | 0.8% |
| Mar 20 | 09:30 | Retail Sales (YoY) | 5.5% | 3.6% | 5.9% |
UK Feb retail sales up monthly 1.0 pct, outperformance helped by Valentine's Day (Thomson Financial News)
Bumper sales for Valentine's Day helped the retail sector in the UK confound market expectations in February, official figures showed today.
[ Full Story ]- Read the Retail Sales data at National Statistics
- UK Feb retail sales up monthly 1.0 pct, helped by Valentine's Day UPDATE (Thomson Financial News)
- Forex − Pound up on firm retail sales data UPDATE (Thomson Financial News)
- Forex − Pound soars on firm retail sales data (Thomson Financial News)
EMU PMI MANUFACTURING
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Mar 20 | 09:00 | PMI Manufacturing | 52.0 | 52.0 | 52.3 |
| Mar 20 | 09:00 | Purchasing Manager Index Services | 51.7 | 52.3 | 52.3 |
Euro Zone's manufacturing and services PMI ease in March (FXstreet.com)
Manufacturing activity seems to have grown in March at a somewhat slower pace than in February in the countries belonging to the Euro Zone, same accounts for the services sector's activity, according to the March flash preliminary estimation.
[ Full Story ]- NTC Economics homepage
- UPDATE: Euro Zone PMIs Decline In March; Point To Low Growth (Dow Jones)
- Forex − Dollar continues to build on gains; euro dented by weak PMIs (Thomson Financial News)
- Euro zone services, manufacturing PMIs drop in March − sources UPDATE (Thomson Financial News)
EMU economic indicators - The RBS purchasing managers' index for the EMU manufacturing sector by BHF−Bank
Germany PMI MANUFACTURING
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Mar 20 | 09:00 | Purchasing Manager Index Services | 51.7 | 52.3 | 52.3 |
| Mar 20 | 08:30 | PMI Manufacturing | 54.9 | 54.0 | 54.3 |
German Preliminary Mfg, Services PMIs Rose In March (Dow Jones)
The German economy picked up in March, with both manufacturers and service providers reporting a stronger expansion of their activities.
[ Full Story ]- NTC Economics homepage
- UPDATE: German Preliminary Mfg, Services PMIs Rose In March (Dow Jones)
- German March manufacturing PMI 54.9 points, services PMI 52.5 points − sources (Thomson Financial News)
- German Manufacturing and Services PMI increase slightly in March (FXstreet.com)
Economic Events
| Date (GMT) | Country | Event | Actual | Cons. | Previous | |
| Mar 20 | 09:30 | UK | M4 Money Supply (MoM) (Feb) | 0.3% | 0.9% | 1.5% |
| 09:30 | UK | M4 Money Supply (YoY) (Feb)  | 12.3% | 12.9% | 13.1% | |
| 09:30 | UK | M4 Sterling Lending (Feb) | £16.4 | £16.5B | £21.4B | |
| 09:30 | UK | Public Sector Net Borrowing (Feb) | £2.7B | £2.5B | £14.0B |
|
| 09:30 | UK | Retail Sales (MoM) (Feb) | 1.0% | -0.2% | 0.8% | |
| 09:30 | UK | Retail Sales (YoY) (Feb) | 5.5% | 3.6% | 5.9% |
|
| 12:30 | CA | Canadian Investment in Foreign Securities (Jan) | $1.9B | |||
| 12:30 | US | Continuing Jobless Claims (Mar 8) | 2835K | |||
| 12:30 | CA | Foreign investment in Canadian securities (Jan) | $2.00 | $1.24B | ||
| 12:30 | US | Initial Jobless Claims (Mar 15) | 357 | 353K | ||