Wednesday, Mar 18, 12:19 GMT
U.S. Trading Newsletter
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- Webinar Videos: Low Risk Breakout Trading in Forex by Sam Seiden
- All the events of the day in our Economic Calendar
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Forex Blogs
Trading for a living: At the open… FOMC day by David Aranzabal
Good morning everyone, today is a FOMC day and US CPI day so we can expect a very volatile American session. Anyway The Federal Reserve is widely expected to hold the benchmark interest rate steady at the record low this month (no further room to ease).
The Advisor Blog: Majors’s sentiment for today by Valeria Bednarik
CEO's Blog: Former number 1 Technical Analysis Report is back - Do not miss Today’s Trading Signals by Francesc Riverola
Find other fellow traders to share your comments and market view in the FOREX CHAT
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Live Sessions Schedule
Main Fundamental theme in the Currency market
Expert: Terri Belkas
Start: Wed, Mar 18, 13:00 GMT
Sponsored by: 
Type of Session: Webinar
Live Coverage of FOMC US Interest Rate Announcement
Expert: Jerry Furst
Start: Wed, Mar 18, 17:30 GMT
Sponsored by: 
Type of Session: Webinar
| Sponsored by | ||||
| Wed, Mar 18, 12:00 GMT | US Pre−Market Open  | Ed Ponsi | WBN |  |
| Wed, Mar 18, 13:00 GMT | Main Fundamental theme in the Currency market | Terri Belkas | WBN | |
| Wed, Mar 18, 13:30 GMT | US Session Open | Ed Ponsi | WBN | |
| Wed, Mar 18, 15:00 GMT | Institutional Trading Strategies | Andrei Pehar | WBN | |
Current Session: Europe − U.S.
GBP/USD: The Pound attempts recovery after hitting 1.3845 low
FXstreet.com − The Pound has weakened sharply against the Dollar during today's European session dropping from 1.4075 to a new intra−week low at 1.3845. At the moment the Pound has picked up slightly and rises towards 1.3900.
GBP is oversold and some recovery for the Sterling seems likely, on the upside, next resistance levels come at previous previous week low at 1.3964, and then above 1.4020, to get back to previous session's range. Above 1.4070, the pound would be on the way to yesterday's high at 1.4140.
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EUR/USD: Euro bounces up from 1.3000; The Euro is forming a triangle pattern by FXstreet.com
The Euro has posted a 60 pips rebound after having hit intra day low at 1.2985, and the pair has returned above 1.3000 on the way to resistance level at 1.3075.
Trading Signals
Today's Trading Signals by Financial Trend Analysis
The Technical Trading Points you used to enjoy in a new format and on a daily basis only at FXstreet.com. Today's Trading Signals updates you on the latest technical analysis for the financial markets
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 CONSUMER PRICE INDEX
| Date (GMT) | Event | Cons. | Previous | |
| Mar 18 | 12:30 | Consumer Price Index (MoM) | 0.3% | 0.3% |
| Mar 18 | 12:30 | Consumer Price Index Ex Food & Energy (MoM) | 0.1% | 0.2% |
| Mar 18 | 12:30 | Consumer Price Index Ex Food & Energy (YoY) | 1.7% | 1.7% |
| Mar 18 | 12:30 | Consumer Price Index (YoY) | 0% | 0% |
US economic indicators - Inflation data (February): PPI and CPI up somewhat on higher gasoline prices 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
UK JOBLESS CLAIMS CHANGE
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Mar 18 | 09:30 | ILO Unemployment Rate (3M) | 6.5% | 6.5% | 6.3% |
| Mar 18 | 09:30 | Average Earnings including Bonus (3Mo/Yr) | 1.8% | 3.0% | 3.2% |
| Mar 18 | 09:30 | Average Earnings excluding Bonus (3Mo/Yr) | 3.5% | 3.5% | 3.6% |
| Mar 18 | 09:30 | Jobless Claims Change | 138.4K | 84.8K | 73.0K |
| Mar 18 | 09:30 | Claimant Count Rate | 4.3% | 4.0% | 3.8% |
DATA SNAP: UK Unemployment Claims Post Record Rise In Feb (Dow Jones)
The number of people claiming jobless benefits in the U.K. posted a record increase in February, pushing unemployment above 2 million for the first time in almost 12 years, official data showed Wednesday.
[ Full Story ]- Read the Employment data at UK Statistics
- UPDATE: UK Unemployment Above 2M, Record Claims Rise In Feb (Dow Jones)
- United Kingdom Jobless Claims increase by 138.4K in Feb; Claimant Count Rate at 4.3% (FXstreet.com)
Trading News Report - GBP/USD: Trading the U.K. Jobless Claims Change Report by FXCM
Economic Events
| Date (GMT) | Country | Event | Actual | Cons. | Previous | |
| Mar 18 | 09:30 | UK | Average Earnings excluding Bonus (3Mo/Yr) (Jan) | 3.5% | 3.5% | 3.6% |
| 09:30 | UK | Average Earnings including Bonus (3Mo/Yr) (Jan) | 1.8% | 3.0% | 3.2% | |
| 09:30 | UK | Claimant Count Rate (Feb) | 4.3% | 4.0% | 3.8% | |
| 09:30 | UK | ILO Unemployment Rate (3M) (Jan) | 6.5% | 6.5% | 6.3% | |
| 09:30 | UK | Jobless Claims Change (Feb) | 138.4K | 84.8K | 73.0K | |
| 11:00 | US | MBA Mortgage Applications (Mar 13) | 21.2% | 11.3% | ||
| 12:30 | US | Consumer Price Index (MoM) (Feb) | 0.3% | 0.3% | ||
| 12:30 | US | Consumer Price Index (YoY) (Feb) | 0% | 0% | ||
| 12:30 | US | Consumer Price Index Ex Food & Energy (MoM) (Feb) | 0.1% | 0.2% | ||
| 12:30 | US | Consumer Price Index Ex Food & Energy (YoY) (Feb) | 1.7% | 1.7% | ||