Monday, Mar 16, 12:18 GMT
U.S. Trading Newsletter
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- 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: Consolidation Breaks on Rhetoric for the EUR/USD and EUR/JPY by Tim Salem
As we discussed in last night's Post… we can often see "Rhetoric" becomes Market "Catalysts" just as effectively as actual Data and Statistical Releases. In fact… in my personal view on a day to day basic… "Rhetoric" effects the Markets more acutely than Data Points in many cases.
The Advisor Blog: Eur/Usd technical points by Valeria Bednarik
FX Market Readings: EURO and GBP are expected to make swing moves for week beginning 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
Derek Frey's Outlook
Expert: Derek Frey
Start: Mon, Mar 16, 14:00 GMT
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Type of Session: Webinar
Weekly Webinar: 1st on Forex − The Week Ahead
Expert: Jerry Furst
Start: Mon, Mar 16, 16:00 GMT
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Type of Session: Webinar
| Sponsored by | ||||
| Mon, Mar 16, 14:00 GMT | Derek Frey's Outlook | Derek Frey | WBN | |
| Mon, Mar 16, 15:00 GMT | Advanced Methods for Finding Dominant Trends in Forex Markets  | Mark Whistler | WBN |  |
| Mon, Mar 16, 16:00 GMT | Weekly Webinar: 1st on Forex − The Week Ahead | Jerry Furst | WBN | |
| Tue, Mar 17, 11:00 GMT | FX Instructor Live Trading Room | Mark De La Paz | WBN |  |
Current Session: Europe − U.S.
Euro, above 1.30 for first time in 6 weeks
FXstreet.com − The Euro has broken resistance level at 1.2992 and has entered levels above 1.3000 for the first time since Feb 10, advancing towards 1.3040. On the upside Euro could find resistance at 1.3040 (100 day SMA), and 1.3074 (Mar 10 high), above here 1.3100 and then 1.3180 (Jan 29 high).
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Daily Trading Forecast − Cable's strength in early European trading led to prices now at 1.4180 by Swiss e Trade AG
Cable's strength in early European trading led to prices now at 1.4180, near the important resistance zone between 1.4200 and 4250. We see that resistance zone holding in today's trading, with consequent down moves to the 1.4100 level again.
USD/JPY
Daily Analysis − The G−20 coordinates on ways to deal with toxic assets by Finotec Group Inc.
The yen fell for a third day against the dollar and the euro on speculation a Bank of Japan plan to buy government debt will spur investors to seek higher yielding assets overseas.
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 INDUSTRIAL PRODUCTION
| Date (GMT) | Event | Cons. | Previous | |
| Mar 16 | 13:15 | Capacity Utilization | 71.1% | 72.0% |
| Mar 16 | 13:15 | Industrial Production (MoM) | -1.1% | -1.8% |
Friday Notes - Industrial Production: Manufacturing is the epicenter of the recession by UniCredit Group
Manufacturing plunged 2.5% in January but a return of nasty winter weather offset part of that drag on industrial production. February was also wintry, but no more than average. Manufacturing employment fell again last month, along with hours worked.
[ Full Story ]Top Market Movers Review
EMU CONSUMER PRICE INDEX
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Mar 16 | 10:00 | Consumer Price Index (MoM) | 0.4% | 0.4% | -0.8% |
| Mar 16 | 10:00 | Consumer Price Index − Core (YoY) | 1.7% | 1.6% | 1.6% |
| Mar 16 | 10:00 | Consumer Price Index (YoY) | 1.2% | 1.2% | 1.1% |
DATA SNAP: Euro−Zone Feb CPI Up 0.4% On Mo; Up 1.2% On Year (Dow Jones)
The annual rate of inflation in the 16 countries which use the euro rose on the month and on the year in February, with the latter the first increase since June last year.
[ Full Story ]- UPDATE: Euro−Zone Inflation To Slow More Despite Feb Pickup (Dow Jones)
- E European Feb Inflation Rates Too High For Euro Zone Entry (Dow Jones)
- Euro Zone CPI rises 0.4% MoM, on line with expectations; +1.2% YoY (FXstreet.com)
Friday Notes - EMU, CPI: Temporary rebound by UniCredit Group
EMU EMPLOYMENT CHANGE
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Mar 16 | 10:00 | Employment Change (YoY) | 0.0% | - | 0.6% |
| Mar 16 | 10:00 | Employment Change (QoQ) | -0.3% | - | -0.1% |
DATA SNAP:Euro−Zone Employment Fell For 2nd Straight Quarter (Dow Jones)
The number of people in work in the 15 countries that then used the euro fell by 453,000 in the final three months of 2008, an acceleration from the 80,000 job losses recorded in the third quarter.
[ Full Story ]- Read the Employment data at Eurostat
- UPDATE: Euro−Zone Employment Fell For 2nd Straight Quarter (Dow Jones)
- EU 4Q Employment Change falls a 0.3% (FXstreet.com)
Economic Events
| Date (GMT) | Country | Event | Actual | Cons. | Previous | |
| Mar 16 | 04:00 | JP | Tokyo Condominium Sales (YoY) (Feb) | -27.5% | -24.1% |
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| 10:00 | EMU | Consumer Price Index − Core (YoY) (Feb) | 1.7% | 1.6% | 1.6% | |
| 10:00 | EMU | Consumer Price Index (MoM) (Feb) | 0.4% | 0.4% | -0.8% | |
| 10:00 | EMU | Consumer Price Index (YoY) (Feb) | 1.2% | 1.2% | 1.1% | |
| 10:00 | EMU | Employment Change (QoQ) (4Q) | -0.3% | -0.1% | ||
| 10:00 | EMU | Employment Change (YoY) (4Q) | 0.0% | 0.6% |
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| 12:30 | US | NY Empire State Manufacturing Index (Mar) | -32.00 | -34.65 | ||
| 13:00 | US | Net Long−term TIC Flows (Jan) | $45.0B | $34.8B | ||
| 13:00 | US | Total Net TIC Flows (Jan) | 74 | |||
| 13:15 | US | Capacity Utilization (Feb) | 71.1% | 72.0% | ||