Tuesday, Mar 17, 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: EUR/USD Remains Firm Despite Consolidative Activity by Tim Salem
We move through the European Session now, and our thoughts on the German ZEW come to fruition with a significantly better−than−expected reading of Institutional Investor Sentiment at −3.5… from a Consensus of −7.8 and a previous reading of −5.8.
The Advisor Blog: Majors’s sentiment for today by Valeria Bednarik
FX Market Readings: Wide range swings before next level rise 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
The Weather Report: Ichimoku Cloud Trading
Expert: Chris Capre
Start: Tue, Mar 17, 14:00 GMT
Type of Session: Webinar
Trading with Autochartist
Expert: Raghee Horner
Start: Tue, Mar 17, 15:00 GMT
Type of Session: Webinar
| Sponsored by | ||||
| Tue, Mar 17, 12:00 GMT | US Pre−Market Open  | Ed Ponsi | WBN |  |
| Tue, Mar 17, 13:30 GMT | US Session Open | Ed Ponsi | WBN | |
| Tue, Mar 17, 14:00 GMT | The Weather Report: Ichimoku Cloud Trading | Chris Capre | WBN | |
| Tue, Mar 17, 15:00 GMT | Trading with Autochartist | Raghee Horner | WBN | |
Current Session: Europe − U.S.
GBP/USD: The Pound reacts downwards to test 1.4040 support
FXstreet.com − After its timid squeeze higher reaching 1.4116, the Pound has reacted down breaking 1.4040 support level, and at the moment trades on the way to 1.3985 support level.
Below the mentioned level, the Pound could find support at .3925 (Mar 12 high), and then 1.3900, once below here, 1.3840 would be exposed.
On the upside, the Pound should remain above 1.4040 to attempt an assault to 1.4135 intra−day high, and yesterday's peak at 1.4230.
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Daily Trading Forecast − EUR / USD Tries Another Attack on Resistance by Swiss e Trade AG
We expect the level at 1.3030 to be broken first on the upside, then moving towards the 1.3070 level. Afterwards, then a downside move to test the 1.2950 major support level is expected.
USD/JPY
USD/JPY has set another assault to the 98.50 resistance level by FXstreet.com
USD/JPY has set another assault to the 98.50 resistance level, after having failed on its first attempt, and, at the moment of writing trades some pips above the mentioned 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 PRODUCER PRICE INDEX
| Date (GMT) | Event | Cons. | Previous | |
| Mar 17 | 12:30 | Producer Price Index ex Food & Energy (YoY) | 3.8% | 4.2% |
| Mar 17 | 12:30 | Producer Price Index (MoM) | 0.3% | 0.8% |
| Mar 17 | 12:30 | Producer Price Index ex Food & Energy (MoM) | 0.1% | 0.4% |
| Mar 17 | 12:30 | Producer Price Index (YoY) | -1.4% | 1.0% |
US economic indicators - PPI and core CPI may have increased slightly by 0.1% mom at most by BHF−Bank
Apart from energy, prices are likely to have fallen, as indicated by the negative price components of the regional manufacturing indices. We therefore only expect core PPI and core CPI to have increased slightly by 0.1% mom at most.
[ Full Story ]Top Market Movers Review
Germany ZEW SURVEY − ECONOMIC SENTIMENT
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Mar 17 | 10:00 | ZEW Survey − Economic Sentiment | -3.5 | -7.8 | -5.8 |
DATA SNAP: German March ZEW Expectations −3.5 Vs −5.8 In Feb (Dow Jones)
German economic expectations continued to improve in March as financial experts hope that the contraction may come to an end in the summer, a survey canvassed by economic think−tank ZEW showed Tuesday.
[ Full Story ]- Forex: Dollar, down after ZEW Economic expectations (FXstreet.com)
- UPDATE: German March ZEW Expectations −3.5 Vs −5.8 In Feb (Dow Jones)
- Forex: EUR/USD: Euro jumps above 1.30 after positive ZEW survey (FXstreet.com)
Trading News Report - EUR/USD: Trading the German ZEW Investor Confidence Survey by FXCM
Economic Events
| Date (GMT) | Country | Event | Actual | Cons. | Previous | |
| Mar 17 | 06:00 | JP | Machine Tool Orders (YoY) (Feb) | -84.4% | -83.9% |
|
| 06:45 | CH | SECO Economic Forecasts (Mar) | -2.2 | |||
| 08:15 | CH | Industrial Production (QoQ) (4Q) | 0.1% | -0.1% | -5.1% |
|
| 08:15 | CH | Industrial Production (YoY) (4Q) | -5.9% | -4.5% | 0.8% |
|
| 09:34 | UK | DCLG House Price Index (YoY) (Jan) | -11.5% | -11.7% | -10.2% | |
| 10:00 | DE | ZEW Survey − Economic Sentiment (Mar) | -3.5 | -7.8 | -5.8 | |
| 12:30 | US | Building Permits (MoM) (Feb) | 0.50M | 0.52M | ||
| 12:30 | US | Housing Starts (YoY) (Feb) | 0.45M | 0.47M | ||
| 12:30 | CA | Manufacturing Shipments (MoM) (Jan) | -5.7% | -8.0% | ||
| 12:30 | US | Producer Price Index (MoM) (Feb) | 0.3% | 0.8% | ||