Monday, Mar 31, 11:02 GMT
U.S. Trading Newsletter
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Live Sessions Schedule
US Session Open
Expert: Ed Ponsi
Start: Mon, Mar 31, 13:30 GMT
Type of Session: Webinar
Derek Frey's Outlook
Expert: Derek Frey
Start: Mon, Mar 31, 14:00 GMT
Sponsored by: 
Type of Session: Webinar
| Sponsored by | ||||
| Mon, Mar 31, 11:00 GMT | Weekly Webinar: 1st on Forex − The Week Ahead | Jerry Furst | WBN |  |
| Mon, Mar 31, 12:00 GMT | US Pre−Market Open  | Ed Ponsi | WBN |  |
| Mon, Mar 31, 13:30 GMT | US Session Open | Ed Ponsi | WBN | |
| Mon, Mar 31, 14:00 GMT | Derek Frey's Outlook | Derek Frey | WBN | |
Current Session: Europe − U.S.
GBP/USD
Forex Trading Strategies − EURUSD treading water just below recent all−time highs by Saxo Bank
By far the weakest currency at the moment is the pound, as GBPUSD failed to hold above 2.0000 once again and sees lower support failing as well this morning. The 55−day moving average at 1.9795 may soon come under fire. Structurally speaking, GBPUSD would look even uglier if the 1.9750 area can't hold, in which case we would expect a full test lower toward 1.9340. In EURGBP, we wonder if 0.8000 could come under fire, and in any case, won't likely top out until EURUSD also tops out.
- 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
Currency Performance
Action Bias Summary Table − Action Bias Summary Table by ActionForex.com
FX' Signal
Weekly Forex Signals − Weak pound puts dollar in great shape by Finotec Group Inc
Majors at a Glance
- EUR/USD
- Trades around pivot level 1.5792
03/31/2008 10:12 GMT - GBP/USD
- Moves down below first support level 1.9853
03/31/2008 10:12 GMT - USD/CHF
- Moves down below pivot level 0.9936
03/31/2008 10:12 GMT - USD/JPY
- Moves down below pivot level 99.55
03/31/2008 10:12 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 CHICAGO PURCHASING MANAGERS' INDEX
| Date (GMT) | Event | Cons. | Previous | |
| Mar 31 | 13:45 | Chicago Purchasing Managers' Index | 46.5 | 44.5 |
Ahead of the Bell: Chicago PMI survey (Thomson Financial News)
Wall Street economists expect an index of Midwestern regional business activity to show a slight recovery in March from the six−year low it hit the previous month. The Chicago Purchasing Managers' index is considered an early read on business conditions nationally.
[ Full Story ]Top Market Movers Review
EMU CONSUMER PRICE INDEX
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Mar 31 | 09:00 | Consumer Price Index (YoY) | 3.5% | 3.3% | 3.3% |
DATA SNAP: Euro−Zone Mar CPI Surges To 3.5%; Higher Than Seen (Dow Jones)
Prices in the euro zone rose at their fastest ever rate and much more quickly than expected in March, with the annual measure of consumer−price inflation hitting a new all−time high of 3.5%, reinforcing the European Central Bank's hawkish attitude to interest rates.
[ Full Story ]- Read the report: Euro area inflation estimated at 3.5% at Eurostat
- UPDATE: Euro−Zone Mar CPI Surges To 3.5%; Higher Than Seen (Dow Jones)
- Forex − Euro hits fresh high as inflation figures come in above expectations (Thomson Financial News)
- Euro zone March prov HICP up record 3.5 pct vs 3.3 in Feb; consensus up 3.4 (Thomson Financial News)
Friday Notes - Lessons from prior banking crises by HVB Group
EMU M3
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Mar 31 | 08:00 | M3 (YoY) | 11.3% | 11.5% | 11.5% |
Euro Zone M3 annual growth edges down to 11.3% in February (FXstreet.com)
The annual rate of M3 monetary flow growth has edged down to 11.3% in February from 11.5% in January 2008, market analysts expected the M3 to remain at the same level as in January.
[ Full Story ]- Read the M3 Money data at ECB
- Euro area Feb M3 growth at 11.3 pct year−on−year vs 11.5 pct in Jan UPDATE (Thomson Financial News)
- 2nd UPDATE: Euro−Zone Feb M3 +11.3% On Year, Below Consensus (Dow Jones)
- Euro area Feb M3 growth at 11.3 pct yr−on−yr vs 11.5 pct in Jan (Thomson Financial News)
Economic Events
| Date (GMT) | Country | Event | Actual | Cons. | Previous | |
| Mar 31 | 08:00 | EMU | M3 (YoY) (Feb) | 11.3% | 11.5% | 11.5% |
| 08:30 | UK | Index of Services (Jan) | 0.6% | 0.5% | 0.6% | |
| 09:00 | EMU | Consumer Confidence (Mar) | -12 | -12 | -12 | |
| 09:00 | EMU | Consumer Price Index (YoY) (Mar)  | 3.5% | 3.3% | 3.3% | |
| 09:00 | EMU | Economic Confidence (Mar) | 99.6 | 100.0 | 100.2 |
|
| 09:30 | UK | BOE Governor King Speaks | ||||
| 12:30 | CA | Gross Domestic Product (MoM) (Jan) | 0.5% | -0.7% | ||
| 12:30 | CA | Gross Domestic Product (YoY) (Jan) | 2.9% | |||
| 13:45 | US | Chicago Purchasing Managers' Index (Mar) | 46.5 | 44.5 | ||
| 22:30 | AU | Manufacturing PMI (Mar) | 51.4 | |||