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Forex Blogs
The Advisor Blog: Eur/Usd for today by Valeria Bednarik
The pair remains in range, not much changed from yesterday's view. Between 1.2700 and 1.2870, momentum has turn slightly bearish, and the 20 SMA remains pointing to the upside. Quiet market for the last hours, we have Trichet in a couple of minutes, let's see the effecthere.
Forex Trading Today: Risk Aversion Slowly Returns for EUR/USD and USD/CHF by Tim Salem
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| Thu, Mar 12, 12:00 GMT | US Pre−Market Open− Free Access Day | Ed Ponsi | WBN |  |
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| Thu, Mar 12, 14:00 GMT | Forex Basics Series: Chapter 3 − Trend Lines − Free Access Day | Valeria Bednarik | WBN | |
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Current Session: Europe − U.S.
USD/JPY: Dollar picks up and tests 96.57 resistance line
FXstreet.com − After hitting a fresh three−week low at 95.67 the Dollar has recovered somewhat and advances some pips above March 6 low at 96.57.
Successful move above here could put the Dollar back on its way towards Mar 10 low at 97.90, and above there the doors would be open towards intra−week high at 99.15.
.
Daily Trading Forecast − EUR / USD − What Makes the Market See−Saw? by Swiss e Trade AG
The pair tested the 1.2870 resistance level in late Asian trading but failed to break it, retreating to the current 1.2790 in European morning hours. We expect more downmove to emerge in today's trading, testing the 1.2630 support level.
USD
Daily Analysis − The Dollar may extend its fall to 95 Yen and $1.30 against the Euro by Finotec Group Inc.
The dollar may weaken to 95 yen and $1.33 per euro as momentum charts show "sell" signals for the greenback. The dollar may extend its decline to 95 yen, or 38.2 percent below the peak of its rally from this year's low in January
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 RETAIL SALES
| Date (GMT) | Event | Cons. | Previous | |
| Mar 12 | 12:30 | Retail Sales ex Autos (MoM) | -0.4% | 0.9% |
| Mar 12 | 12:30 | Retail Sales (MoM) | -0.5% | 1.0% |
US: Be Prepared! Retail Sales will fall by 0.5% by ForexYard
U.S. Retail Sales is a leading economic indicator used to measure the percentage change in the total value of sales at the retail level during the previous month. It is a leading indicator of economic health because the report reflects a wide variety of consumer spending, such as restaurants, consumer goods, and automobiles.
[ Full Story ]Trading News Report - EUR/USD: Trading the U.S. Advanced Retail Sales Report by FXCM
Top Market Movers Review
Germany INDUSTRIAL PRODUCTION S.A.
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Mar 12 | 11:00 | Industrial Production s.a. w.d.a. (YoY) | -19.3% | -15.5% | -12.0% |
| Mar 12 | 11:00 | Industrial Production s.a. (MoM) | -7.5% | -3.0% | -3.9% |
DATA SNAP: German Jan Indus Output −7.5% MM, Below Forecast (Dow Jones)
German industrial production in January experienced its biggest fall since the country's reunification in 1990 and tumbled more than expected on weak manufacturing and construction output.
[ Full Story ]EMU economic indicators - Output in the German producing sector (January): down by BHF−Bank
EMU PRODUCER PRICE INDEX
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Mar 12 | 10:00 | Producer Price Index (YoY) | -0.5% | 0.5% | 1.2% |
| Mar 12 | 10:00 | Producer Price Index (MoM) | -0.8% | -0.2% | -1.5% |
DATA SNAP: Euro−Zone Jan PPI Largest Annual Fall In 5.5 Yrs (Dow Jones)
Euro−zone producer prices fell for a sixth consecutive month in January, adding to the case for the European Central Bank to lower its interest rates further, data from European Union statistics agency Eurostat showed Thursday.
[ Full Story ]Economic Events
| Date (GMT) | Country | Event | Actual | Cons. | Previous | |
| Mar 12 | 09:00 | EMU | ECB Monthly Report | |||
| 10:00 | EMU | Producer Price Index (MoM) (Jan) | -0.8% | -0.2% | -1.5% |
|
| 10:00 | EMU | Producer Price Index (YoY) (Jan) | -0.5% | 0.5% | 1.2% |
|
| 11:00 | DE | Industrial Production s.a. (MoM) (Jan) | -7.5% | -3.0% | -3.9% |
|
| 11:00 | DE | Industrial Production s.a. w.d.a. (YoY) (Jan) | -19.3% | -15.5% | -12.0% | |
| 12:00 | EMU | ECB Trichet's Speech | ||||
| 12:30 | US | Continuing Jobless Claims (Feb 28) | 5145K | 5016K | ||
| 12:30 | US | Initial Jobless Claims (Mar 7) | 644K | 639K | ||
| 12:30 | US | Retail Sales (MoM) (Feb) | -0.5% | 1.0% | ||
| 12:30 | US | Retail Sales ex Autos (MoM) (Feb) | -0.4% | 0.9% | ||