Wednesday, Mar 11, 12:11 GMT
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Forex Blogs
The Advisor Blog: Eur/Usd for today by Valeria Bednarik
The pair is slowly turning bullish, as we can appreciate in this 4 hours chart: despite indicators are not telling that much, moving averages are helping: 20 SMA is cutting the black 60 EMA and pointing higher. Price remains clearly above, and 1.2700 seems to be a nice floor at the moment.
Forex Trading Today: The Four Siblings: EUR/USD, USD/CHF, GBP/USD, USD/JPY by Tim Salem
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Start: Wed, Mar 11, 13:00 GMT
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Economic and Technical View of the Currency Market
Expert: Rob Booker
Start: Wed, Mar 11, 14:00 GMT
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| Wed, Mar 11, 12:00 GMT | US Pre−Market Open  | Ed Ponsi | WBN |  |
| Wed, Mar 11, 13:00 GMT | Profiting from Fear and Greed by trading against the crowd | David Rodríguez | WBN | |
| Wed, Mar 11, 13:30 GMT | US Session Open | Ed Ponsi | WBN | |
| Wed, Mar 11, 14:00 GMT | Economic and Technical View of the Currency Market | Rob Booker | WBN | |
Current Session: Europe − U.S.
EUR/USD: Euro breaks intra−day high at 1.2727 and rises towards 1.2820
FXstreet.com − The Euro has continued its recovery from 1.2615, and the pair has rallied about 140 pips so far reaching past 1.2727 intra−day high and continued upwards, with two−weeks high at 1.2822.
In case of successful move above 1.2727, next resistance level remains at 1.2822 intra−week high, above here, next resistance level comes at 1.2900 (Feb 25 high). Once above here, the Euro would confirm upside trend, and buying pressure could increase and the Euro could test 1.2990 Feb23 high.
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GBP/USD: Hovering above its support zone between 1.3680 and 1.3700. by Swiss e Trade AG
Cable is currently trading at 1.3745, hovering above its support zone between 1.3680 and 1.3700. We expect that support to be broken today on the downside in an attempt to move towards the major support at 1.3650.
EUR/JPY
Daily Analysis − The Dollar and the Yen rise as Chinese exports slump by Finotec Group Inc.
The euro fell for the first time in four days against the yen on speculation European Central Bank council member Erkki Liikanen will signal policy makers may cut interest rates further.
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
Australia UNEMPLOYMENT RATE
| Date (GMT) | Event | Cons. | Previous | |
| Mar 12 | 00:30 | Unemployment Rate | 5.0% | 4.8% |
| Mar 12 | 00:30 | Employment Change | -20.0K | 1.2K |
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 and project the annual jobless rate to rise to a three−year high of 5.0% from 4.8% in the previous month, which would reinforce a dour outlook for future growth as the $1T economy teeters on the brink of a recession.
[ Full Story ]Top Market Movers Review
UK GOODS TRADE BALANCE
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Mar 11 | 09:30 | Goods Trade Balance | -£7.7B | -£7.5B | -£7.2B |
| Mar 11 | 09:30 | Total Trade Balance | -£3.585B | -£3.700B | -£3.248B |
DATA SNAP: UK Jan Adj Trade Deficit GBP7.7B Vs GBP7.2B Dec (Dow Jones)
The U.K. global goods deficit widened in January, as exports to non−European Union countries fell sharply amid the global economic slump, the Office for National Statistics reported Wednesday.
[ Full Story ]- Read the Trade Balance data at UK Statistics
- 2nd UPDATE: UK Jan Adj Trade Deficit GBP7.7B Vs GBP7.2B Dec (Dow Jones)
- UPDATE: UK Jan Adj Trade Deficit GBP7.7B Vs GBP7.2B Dec (Dow Jones)
- UK Jan Goods Trade Balance falls to a £7.7B deficit (FXstreet.com)
Economic Events
| Date (GMT) | Country | Event | Actual | Cons. | Previous | |
| Mar 11 | 07:00 | DE | Producer Price Index (MoM) (Jan) | -1.2% | -0.1% | -1.0% |
| 09:30 | UK | Goods Trade Balance (Jan) | £-7.7B | -£7.5B | -£7.2B |
|
| 09:30 | UK | Total Trade Balance (Jan) | £-3.585B | -£3.700B | -£3.248B |
|
| 11:00 | DE | Factory Orders n.s.a. (YoY) | -37.9% | -26.5% | -28.2% |
|
| 11:00 | DE | Factory Orders s.a. (MoM) | -8.0% | -1.0% | -7.6% |
|
| 11:00 | US | MBA Mortgage Applications (Mar 6) | 11.3% | |||
| 12:30 | CA | New Housing Price Index (YoY) (Jan) | -0.3% | 0.4% | ||
| 14:35 | US | EIA Crude Oil Stocks change | 0.1M | -0.7M | ||
| 18:00 | US | Monthly Budget Statement (Feb) | -197.0B | -83.8B | ||
| 21:00 | NZ | RBNZ Interest Rate Decision | 2.75% | 3.50% | ||