Thursday, Mar 27, 12:01 GMT
U.S. Trading Newsletter
To Get Started
- Webinar Videos: Day Trading Series - Chapter IV: Developing a Profitable Trading Strategy (Part 2) by Markus Heitkoetter
- Asia Session Performance by FXstreet.com
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Live Sessions Schedule
Level of Sentiment in the FX Market
Expert: Boris Schlossberg
Start: Thu, Mar 27, 13:00 GMT
Sponsored by: 
Type of Session: Webinar
How to Get Started Trading Forex
Expert: Steve Primo
Start: Thu, Mar 27, 15:00 GMT
Type of Session: Webinar
| Sponsored by | ||||
| Thu, Mar 27, 11:30 GMT | Watch Live Coverage of the US GDP | Jerry Furst | WBN |  |
| Thu, Mar 27, 13:00 GMT | Level of Sentiment in the FX Market | Boris Schlossberg | WBN | |
| Thu, Mar 27, 13:30 GMT | Weekly Technical Briefing  | Dan Blystone | WBN |  |
| Thu, Mar 27, 14:00 GMT | Tracking the forex market together / Part II | Dr.S.Sivaraman | WBN | |
Current Session: Europe − U.S.
EUR/USD
Daily Forex News Dollar fell on weak US data and Mr. Trichet's comments by ACM − Advanced Currency Markets
The Dollar fell for a second straight session on Wednesday, weighed down by surprisingly weak US durable goods orders and remarks by ECB chief Jean−Claude Trichet that Euro−zone rates were at the right level. Analysts said Trichet's comments, with news that German and French business confidence unexpectedly improved in March, dampened expectation of a soon ECB interest rate cut.
- Understanding The Exact Process Behind The Movement In Price by Sam Seiden
- Check out how pairs moved: Live Currency Rates & Charts
- Follow up the most relevant Economic Data in the new Real Time Economic Calendar
Other Topics for this Session:
Policy Makers Efforts Act To Stablize Carry by FXCM
Today's Technical Trading Points by Danske Bank A/S
Market Session Snap−Shot Asian Session: Dollar Continues to Fall by ACM − Advanced Currency Markets
Currency Performance
Daily Analysis Dollar suffers on strong euro data by Finotec Group Inc.
FX Analysts' Comments
FOREX Training Video | New York Session March 25, 2008 by Wayne McDonell, FxBootcamp.com
FX' Signal
Recent Recommended Trades by AceTrader
Majors at a Glance
- EUR/USD
- Trades above pivot level 1.5761
03/27/2008 11:58 GMT - GBP/USD
- Moves up towards second resistant level 2.0221
03/27/2008 11:58 GMT - USD/CHF
- Back below pivot level 0.9961
03/27/2008 11:59 GMT - USD/JPY
- Trades around pivot level 99.39
03/27/2008 11:59 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 GROSS DOMESTIC PRODUCT ANNUALIZED
| Date (GMT) | Event | Cons. | Previous | |
| Mar 27 | 12:30 | Gross Domestic Product Annualized | 0.6% | 4.9% |
US economic indicators - Consumer confidence indicators are likely to deteriorate further in March by BHF−Bank
We forecast that the final estimate for Q4 GDP will confirm the growth rate at 0.6% qoq. For the whole of 2007, the increase in real GDP slowed from 2.9% to 2.2% yoy, and given the current elevated recession risk, the average growth rate is likely to fall to below 1% this year.
[ Full Story ]- Special Webinar: Watch Live Coverage of the US GDP with Jerry Furst
- Economists expect little change to GDP (Thomson Financial News)
- Forex − Dollar steady in afternoon trade ahead of US GDP, other economic data (Thomson Financial News)
Top Market Movers Review
UK BBA MORTGAGE APPROVALS
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Mar 27 | 09:30 | BBA Mortgage Approvals | 43.8K | - | 43.7K |
DATA SNAP: UK BBA: Mortgage Approvals Steady In Feb (Dow Jones)
U.K. mortgage approvals were little changed in February, remaining almost a third weaker on the year as the housing market continued to suffer from the impact of the global credit crisis, data from the British Bankers' Association showed Thursday.
[ Full Story ]- Read the Mortgage Approvals data at BBA
- UK BBA mortgage approvals increase in Feb more than Jan; decrease 33.2% YoY (FXstreet.com)
- UK Feb net mortgage lending +5.6 bln stg, consumer credit +0.6 bln − BBA (Thomson Financial News)
- UK Feb BBA Mortgage Approvals up to 43.8K vs 43.7K (FXstreet.com)
UK TOTAL BUSINESS INVESTMENT
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Mar 27 | 09:30 | Total Business Investment (YoY) | 5.3% | 1.7% | 6.6% |
| Mar 27 | 09:30 | Total Business Investment (QoQ) | 1.8% | -0.5% | 2.0% |
UK Q4 business investment revised up to show 1.8 pct rise vs 0.5 pct fall UPDATE (Thomson Financial News)
UK business investment during the fourth quarter was much stronger than previously estimated, official figures showed. The Office for National Statistics said business investment in the fourth quarter rose by 1.8 pct quarter−on−quarter, compared to the previous estimate showing a 0.5 pct fall.
[ Full Story ]- Read the Business Investment data at National Statistics
- 2ND UPDATE: UK 4Q Business Investment Revised Sharply Higher (Dow Jones)
- UPDATE: UK Q4 Business Investment Revised Sharply Higher (Dow Jones)
- UK Q4 institutional investment drops to 11.3 bln stg from 40.9 bln in Q3 (Thomson Financial News)
Economic Events
| Date (GMT) | Country | Event | Actual | Cons. | Previous | |
| Mar 26 | 23:00 | AU | Conference Board Australia Leading Index (Jan) | -0.3% | 0.2% | |
| Mar 27 | 07:10 | DE | Gfk Consumer Confidence Survey (Apr) | 4.6 | 4.4 | 4.5 |
| 09:30 | UK | BBA Mortgage Approvals (Feb) | 43.8K | 43.7K |
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| 09:30 | UK | Total Business Investment (QoQ) (4Q) | 1.8% | -0.5% | 2.0% | |
| 09:30 | UK | Total Business Investment (YoY) (4Q) | 5.3% | 1.7% | 6.6% | |
| 11:00 | UK | CBI Distributive Trades Survey − Realized (MoM) (Mar) | 1 | -3 | ||
| 12:30 | US | Continuing Jobless Claims (Mar 15) | 2900K | 2865K | ||
| 12:30 | US | Gross Domestic Product Annualized (4Q) | 0.6% | 4.9% | ||
| 12:30 | US | Initial Jobless Claims (Mar 22) | 370K | 378K | ||
| 13:30 | US | Core Personal Consumption Expenditure (QoQ) (4Q) | 2.7% | 2.7% | ||