Tuesday, Mar 10, 12:09 GMT
U.S. Trading Newsletter
To Get Started
- Webinar Videos: Multi-time frames for entry and exit signals in Forex by Peter Leonidou
- All the events of the day in our Economic Calendar
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Forex Blogs
Forex Trading Today: The Four Cousins: AUD/USD, USD/CAD, Gold, and Crude Oil by Tim Salem
After nine hours since our last visit…let's check in with our "Two Triangle" Friends, and their Cousins! We do have some Risk Appetite slowly entering back into the Markets today… as we often see when we have such clear and singular directional moves.
The Advisor Blog: Eur/Usd for today by Valeria Bednarik
Find other fellow traders to share your comments and market view in the FOREX CHAT
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Live Sessions Schedule
The Weather Report: Ichimoku Cloud Trading
Expert: Chris Capre
Start: Tue, Mar 10, 14:00 GMT
Type of Session: Webinar
Trading with Autochartist
Expert: Raghee Horner
Start: Tue, Mar 10, 15:00 GMT
Type of Session: Webinar
| Sponsored by | ||||
| Tue, Mar 10, 12:00 GMT | US Pre−Market Open  | Ed Ponsi | WBN |  |
| Tue, Mar 10, 13:30 GMT | US Session Open | Ed Ponsi | WBN | |
| Tue, Mar 10, 14:00 GMT | The Weather Report: Ichimoku Cloud Trading | Chris Capre | WBN | |
| Tue, Mar 10, 15:00 GMT | Trading with Autochartist | Raghee Horner | WBN | |
Current Session: Europe − U.S.
GBPUSD: Weakening With The 1.3504 Level In Focus
FXTechstrategy − As declines through its Feb 02'09 low at 1.4052 highlighted in our weekly analysis has come to pass and the pair was seen trading to as low as 1.3743 on Monday, threats of further weakness are now expected. With that said, such downside pressures will aim at its key support level residing at the 1.3504 level where an eventual break should resume its longer term downtrend towards the 1.2856 level, its Sept'85 low.
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European markets pick up; Euro stalls and Pound attempts recovery by FXstreet.com
The Euro has found strong resistance at 1.2727 on its rally from 1.2579 (Mar 9 high). After several attempts to break it, 1.2727 has remained intact. Nevertheless, while above 1.2600, the pair remains in a bullish trading configuration from 1.2455 (Mar 3 low)
TRADING NEWS
Trading News Report − AUD/USD: Trading the Australia Employment Change Report by FXCM
The Australian dollar is likely to face increased selling pressures over the next 24 hours of trading as economists forecast employment to fall 20.0K in February.
Analyst Sentiment Index (ASI)
Analysts Sentiment Index - EUR/USD
**Source : ActionForex.com, CMS Forex, Danske Bank A/S, FXstreet.com, i-knowindices.com, Mizuho Corporate Bank, MolFX - Management
[ View ASI page ] [ View EUR/USD page ]
Charting the Market Movers
EUR USD, Hourly
GBP USD, Hourly
Top Market Movers Preview
US ABC/WASHINGTON POST CONSUMER CONFIDENCE
| Date (GMT) | Event | Cons. | Previous | |
| Mar 10 | 21:00 | ABC/Washington Post Consumer Confidence | - | -49 |
US economic indicators - Latest weekly ABC consumer comfort index fell by BHF−Bank
The University of Michigan's (UMI) consumer sentiment plunged by almost 5 points in February, mainly due to expectations having worsened. As the latest weekly ABC consumer comfort index fell back somewhat, we expect UMI's preliminary March consumer sentiment to have declined too, albeit only slightly, to 55.5.
[ Full Story ]- Read the Confidence data at Washington Post
Top Market Movers Review
UK INDUSTRIAL PRODUCTION
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Mar 10 | 09:30 | Industrial Production (MoM) | -2.6% | -1.2% | -1.7% |
| Mar 10 | 09:30 | Manufacturing Production (MoM) | -2.9% | -1.5% | -2.2% |
| Mar 10 | 09:30 | Industrial Production (YoY) | -11.4% | - | -9.4% |
| Mar 10 | 09:30 | Manufacturing Production (YoY) | -12.8% | -9.9% | -10.2% |
DATA SNAP: UK Mfg Output Declines For 11th Straight Month (Dow Jones)
U.K. manufacturing output declined for the 11th straight month in January, while the quarterly measure recorded its steepest drop since records began in 1968, the Office of National Statistics said Tuesday.
[ Full Story ]- UK Manufacturing Production falls a 2.9% MoM in Jan, −12.8% YoY (FXstreet.com)
- United Kingdom Industrial Production falls a 2.6% MoM, −11.4% YoY (FXstreet.com)
Friday Notes - UK Industrial: Manufacturing recession to ease by UniCredit Group
Economic Events
| Date (GMT) | Country | Event | Actual | Cons. | Previous | |
| Mar 10 | 07:00 | DE | Consumer Price Index (YoY) (Feb) | 1.0% | 1.0% | 0.9% |
| 07:00 | DE | Trade Balance (Jan) | 8.5B | 8.3B | 7.3B |
|
| 09:30 | UK | Industrial Production (MoM) (Jan) | -2.6% | -1.2% | -1.7% | |
| 09:30 | UK | Industrial Production (YoY) (Jan) | -11.4% | -9.4% | ||
| 09:30 | UK | Manufacturing Production (MoM) (Jan) | -2.9% | -1.5% | -2.2% | |
| 09:30 | UK | Manufacturing Production (YoY) (Jan) | -12.8% | -9.9% | -10.2% | |
| 13:30 | US | Fed's Bernanke Speech | ||||
| 14:00 | US | Wholesale Inventories (Jan) | -1.0% | -1.4% | ||
| 21:00 | US | ABC/Washington Post Consumer Confidence (Mar 8) | -49 | |||
| 23:30 | AU | Westpac Consumer Confidence (Mar) | -4.6% | |||