Friday, Mar 13, 12:18 GMT
U.S. Trading Newsletter
To Get Started
- Webinar Videos: The Weather Report: Ichimoku Cloud Trading by Chris Capre
- All the events of the day in our Economic Calendar
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Forex Blogs
Forex Trading Today: Appreciation Comes Though for GBP/USD and GBP/JPY by Tim Salem
We check back in with the significant Fractal Appreciation with Her Majesty and Her favorite Cousin, Pound Yen! As of Post−Time, we are approaching Key Levels to either Breach… or face Rejection… in the next few Hours.
The Advisor Blog: Majors’s sentiment for today by Valeria Bednarik
FX Market Readings: Expected moves for week end by Dr. S. Sivaraman
Find other fellow traders to share your comments and market view in the FOREX CHAT
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Live Sessions Schedule
FX Market Pulse
Expert: Raghee Horner
Start: Fri, Mar 13, 13:00 GMT
Type of Session: Webinar
Fibonacci Friday
Expert: Andrei Pehar
Start: Fri, Mar 13, 15:00 GMT
Type of Session: Webinar
| Sponsored by | ||||
| Fri, Mar 13, 12:00 GMT | US Pre−Market Open  | Ed Ponsi | WBN |  |
| Fri, Mar 13, 13:00 GMT | FX Market Pulse | Raghee Horner | WBN | |
| Fri, Mar 13, 13:30 GMT | US Session Open | Ed Ponsi | WBN | |
| Fri, Mar 13, 15:00 GMT | Fibonacci Friday | Andrei Pehar | WBN | |
Current Session: Europe − U.S.
European markets rise on Banks recovery; Pound rallies, Euro in range
FXstreet.com − GBP/USD has been the biggest mover of the session; against the Dollar, the Sterling has moved from intra−day low at 1.3863 to test 1.4040 Mar 6 low, although 1.4040 has not given way so far. EUR/GBP sell off has supported the Pound's rally; the Euro has dropped to around 0.9190 from intra day high at 0.9293, which means giving away one third of its gains from 90.00 on Mar 9.
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EURUSD: Price Follow Through Aims At The 1.2992 Level And Afa by FXTechstrategy
EURUSD: Price Follow Through Aims At The 1.2992 Level And Afar − EUR continues to strengthen its recovery started at the 1.2456 level, its Mar 04'09 low breaking higher and trading to as high as 1.2936 before closing at 1.2932 on Thursday.
USD/JPY
USD/JPY: Dollar refuses to take 98.55 and turns down towards 97.90 by FXstreet.com
USD/JPY has been rejected at its first attempt to break 98.55 resistance level on its rally from 97.13, and falls towards 97.90 support level.
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 TRADE BALANCE
| Date (GMT) | Event | Cons. | Previous | |
| Mar 13 | 12:30 | Trade Balance | -$38.00B | -$39.93B |
US economic indicators - Trade balance (March): slight decline in nominal terms by BHF−Bank
Net exports contributed negatively to GDP growth in Q4 for the first time since Q1/2007 due to the global recession. The nominal January trade deficit might have narrowed slightly again to $38.5bn , particularly due to the continued decline in petroleum prices. Both exports and imports are likely to have continued falling noticeably.
[ Full Story ]Top Market Movers Review
Canada NET CHANGE IN EMPLOYMENT
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Mar 13 | 11:00 | Net Change in Employment | -82.6K | -50.0K | -129.0K |
| Mar 13 | 11:00 | Unemployment Rate | 7.7% | 7.4% | 7.2% |
Forex: The USD/CAD breaks the 1.2800 on worse unemployment data (FXstreet.com)
After it found support at 1.2700 level, new two weeks low, the USD/CAD has risen around 140 pips to break the 1.2800 resistance and go up to the 1.2845 on worse than expected February unemployment Canadian data.
[ Full Story ]- Read the Employment data at Statistics Canada
- Canadian Unemployment Rate rises to 7.7% in Feb (FXstreet.com)
- Forex: The USD/CAD falls below the 1.2760 support, focus on the unemployment data (FXstreet.com)
Trading News Report - USD/CAD: Trading the Canada Net Change in Employment Report by FXCM
EMU RETAIL SALES
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Mar 13 | 10:00 | Retail Sales (MoM) | 0.1% | 0.2% | -0.3% |
| Mar 13 | 10:00 | Retail Sales (YoY) | -2.2% | -2.3% | -2.4% |
DATA SNAP:Euro−Zone Jan Retail Sales Inch Higher, Weak On Yr (Dow Jones)
Euro−zone retail sales rose less than expected in January and posted their eighth consecutive fall on the year, the longest run of annual declines on record, as the currency bloc sank deeper into recession, official data showed Friday.
[ Full Story ]- Read the Retail Sales data at Eurostat
- UPDATE: Euro−Zone Retail Sales Rise In Jan But Weak On Year (Dow Jones)
- Small 0.1% rise of EU Jan Retail Sales MoM, −2.2% on a YoY basis (FXstreet.com)
Economic Events
| Date (GMT) | Country | Event | Actual | Cons. | Previous | |
| Mar 13 | 08:15 | CH | Producer and Import Prices (YoY) (Feb) | -1.8% | -1.2% | -0.9% |
| 10:00 | EMU | Labor Costs (YoY) (4Q) | 3.8% | 3.6% | 4.0% | |
| 10:00 | EMU | Retail Sales (MoM) (Jan) | 0.1% | 0.2% | -0.3% |
|
| 10:00 | EMU | Retail Sales (YoY) (Jan) | -2.2% | -2.3% | -2.4% |
|
| 11:00 | CA | Net Change in Employment (Feb) | -82.6K | -50.0K | -129.0K | |
| 11:00 | CA | Unemployment Rate (Feb) | 7.7% | 7.4% | 7.2% | |
| 12:30 | US | Import Price Index (MoM) (Feb) | -0.8% | -1.1% | ||
| 12:30 | US | Import Price Index (YoY) (Feb) | -13.6% | -12.5% | ||
| 12:30 | CA | International Merchandise Trade (Jan) | -$1.000B | -$0.458B | ||
| 12:30 | US | Trade Balance (Feb) | -$38.00B | -$39.93B | ||