Thursday, Mar 19, 12:24 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
The Advisor Blog: USD/CAD by Valeria Bednarik
With the general negative sentiment against greenback and oil above 50.00 dollars el barrel, Cad continues appreciating sending USD /CAD has just tested the 1.2230 zone. Indicators remain pointing to the downside, the pair could attempt to test the daily ascendant trend line around 1.2100 despite the oversold state 4 hours charts shown.
Forex Trading Today: EUR/USD and GBP/USD Continue On as Quantitative Easing Enters the Markets by Tim Salem
Trading for a Living: EUR and Cable breaking levels very strongly by David Aranzabal
Find other fellow traders to share your comments and market view in the FOREX CHAT
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Live Sessions Schedule
MONTHLY WEBINAR: Part 1 − Trading Forex on a Daily Basis Using Daily Charts
Expert: James Chen
Start: Thu, Mar 19, 13:00 GMT
Type of Session: Webinar
| Sponsored by | ||||
| Thu, Mar 19, 13:00 GMT | MONTHLY WEBINAR: Part 1 − Trading Forex on a Daily Basis Using Daily Charts | James Chen | WBN |  |
| Thu, Mar 19, 15:00 GMT | MONTHLY WEBINAR: Part 2 − Using the Principles of Confluence to Trade Forex Effectively  | James Chen | WBN | |
| Fri, Mar 20, 09:00 GMT | Advanced APF Methods To Determine The Price Momentum | Sunil Mangwani | WBN |  |
| Fri, Mar 20, 10:00 GMT | Trading Break Out's And Other Market Views | Phil Newton | WBN |  |
Current Session: Europe − U.S.
Forex: EUR/USD: The Euro breaks above 1.3535; testing 1.3590
FXstreet.com − EUR/USD continues rallying, the pair has broken through the upper boundary of the flat trending channel of the last 12 hours, at 1.3535 and at the moment of writing the pair tests 1.3590 resistance level (50% retracement of the Dec March decline).
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Forex: USD/JPY falls below 95.25 support, testing 94,84 by FXstreet.com
According to Valeria Bednarik, FXstreet.com Collaborator, USD/JPY remains clearly bearish: "USD/JPY has just break under the key 95.50 zone, and quickly gain momentum to the downside.
GBP/USD
Daily Technical Strategist − GBPUSD: Holding Above Its ST Declining Channel by FXTechstrategy
GBPUSD: Holding Above Its ST Declining Channel − Reversal of intra day losses Wednesday saw GBP decisively break through its ST declining channel to close the session at 1.4269
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 LEADING INDICATORS
| Date (GMT) | Event | Cons. | Previous | |
| Mar 19 | 14:00 | Leading Indicators (MoM) | -0.6% | 0.4% |
US economic indicators - Leading indicators (February): sharp setback after two consecutive increases by BHF−Bank
Leading indicators had risen in the previous two months, but we expect them to have fallen back by 0.8% mom in February: jobless claims will have been the biggest negative contributor, followed by stock prices, consumer expectations, working hours, building permits and new orders.
[ Full Story ]Top Market Movers Review
Canada CONSUMER PRICE INDEX
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Mar 19 | 11:00 | Consumer Price Index (YoY) | 1.4% | 1.0% | 1.1% |
| Mar 19 | 11:00 | Consumer Price Index (MoM) | 0.7% | 0.3% | -0.3% |
| Mar 19 | 11:00 | Bank of Canada Consumer Price Index Core (YoY) | 1.9% | 1.5% | 1.9% |
| Mar 19 | 11:00 | Bank of Canada Consumer Price Index Core (MoM) | 0.5% | 0.1% | -0.4% |
Forex: USD/CAD falls 200 pips to break the 1.2250 support on Canadian CPI data (FXstreet.com)
The CAD is strengthening against the USD along of the European session, specially after the better than expected Feb Canadian CPI. The USD/CAD has fallen 200 pips and it is goin towards the 1.2200 level.
[ Full Story ]- Read the CPI data at Statistics Canada
- Canadian inflation rises a 0.7% in Feb, +1.4% in a yearly basis (FXstreet.com)
UK PUBLIC SECTOR NET BORROWING
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Mar 19 | 09:30 | Public Sector Net Borrowing | £9.0B | £8.0B | -£3.3B |
DATA SNAP: UK Feb Borrowing Tops Forecast As Revenue Slumps (Dow Jones)
The U.K. public sector again borrowed more than expected as central government tax revenue fell sharply on the year and spending continued to rise, the Office for National Statistics said Thursday. The U.K. public sector borrowed GBP9.0 billion in February, up sharply from GBP1.1 billion a year earlier.
[ Full Story ]Economic Events
| Date (GMT) | Country | Event | Actual | Cons. | Previous | |
| Mar 19 | 00:00 | JP | Vernal Equinox Bank Holiday | |||
| 11:00 | CA | Bank of Canada Consumer Price Index Core (MoM) (Feb) | 0.5% | 0.1% | -0.4% | |
| 11:00 | CA | Bank of Canada Consumer Price Index Core (YoY) (Feb) | 1.9% | 1.5% | 1.9% | |
| 11:00 | UK | CBI Industrial Trends Survey − Orders (MoM) (Mar) | -58 | -56 | ||
| 11:00 | CA | Consumer Price Index (MoM) (Feb) | 0.7% | 0.3% | -0.3% | |
| 11:00 | CA | Consumer Price Index (YoY) (Feb) | 1.4% | 1.0% | 1.1% | |
| 12:30 | CA | Canadian Investment in Foreign Securities (Jan) | $6.378B | |||
| 12:30 | US | Continuing Jobless Claims (Mar 7) | 5323K | |||
| 12:30 | CA | Foreign investment in Canadian securities (Jan) | -$2.835B | |||
| 12:30 | US | Initial Jobless Claims (Mar 14) | 655K | |||