Friday, Mar 20, 12:03 GMT
U.S. Trading Newsletter
To Get Started
- 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
Forex Trading Today: We Patiently Roll Along with EUR/USD and AUD/USD by Tim Salem
Once again… Consolidation rules most of our Markets on this Friday… and our Euro and Aussie are no exception. With Quantitative Easing rolling along from the Federal Reserve… and the deep and heavy "Weight" now of falling Treasury Inflows… in my personal opinion…the massive Spending Stimulus Packages and "Big Ben" Bernanke throwing cash out of the Helicopter again… using Caution as we move forward is an understatement!
Trading for a Living: Where we are in the currency market right now? by David Aranzabal
The Advisor Blog: Majors’s sentiment for today by Valeria Bednarik
Find other fellow traders to share your comments and market view in the FOREX CHAT
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Live Sessions Schedule
Looking for breakout trades
Expert: Adam Rosen
Start: Fri, Mar 20, 14:00 GMT
Type of Session: Webinar
Fibonacci Friday
Expert: Andrei Pehar
Start: Fri, Mar 20, 15:00 GMT
Type of Session: Webinar
| Sponsored by | ||||
| Fri, Mar 20, 12:00 GMT | US Pre−Market Open  | Ed Ponsi | WBN |  |
| Fri, Mar 20, 13:00 GMT | FX Market Pulse | Raghee Horner | WBN | |
| Fri, Mar 20, 14:00 GMT | Looking for breakout trades | Adam Rosen | WBN | |
| Fri, Mar 20, 15:00 GMT | Fibonacci Friday | Andrei Pehar | WBN | |
Current Session: Europe − U.S.
Forex: EUR/USD: Euro breaks intra−day low at 1.3615, tests 1.3535
FXstreet.com − The Dollar is fighting back and the logical correction after yesterday's rally seems to be taking place; EUR/USD has been rejected at yesterday's two−month high at 1.3735, and dropped through 13616, to test Mar 18 high at 1.3535.
On the downside, confirming bearish reaction below 1.3535, the Euro could find resistance at 1.3410, and below there, 1.3325 (Jan 28 high). Once below there, 1.3160 and 1.3078. At these levels the Dollar would have pared losses after yesterday's drop, and the bias would turn to bearish.
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GBP/USD
GBP/USD: Dollar reacts and Pound drops to 1.4430 day−low by FXstreet.com
The Dollar has picked up strength against the Sterling taking back about 150 pips as the pair, on rejection from intra−day high at 1.4595, has dropped to day low at 1.4430.
USD/JPY
Forex: USD/JPY rises quickly, testing 95.50/60 resistance by FXstreet.com
The USD has risen from 94.49 to 95.70 in the last hour in a quick spike of around 120 pips. Currently, the pair is testing 95.50/60 resistance 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
Canada RETAIL SALES
| Date (GMT) | Event | Cons. | Previous | |
| Mar 20 | 12:30 | Retail Sales ex Autos (MoM) | - | -3.2% |
| Mar 20 | 12:30 | Retail Sales (MoM) | - | -5.4% |
Trading News Report - USD/CAD: Trading the Canadian Retail Sales Report by FXCM
A Bloomberg News survey shows that economists forecast retail sales in Canada to increase 1.0% in January even as demands dropped at a record pace in the previous month however, as households face a deepening recession paired with a weakening labor market, private−sector spending is likely to remain subdued throughout the first half of the year as the outlook for growth and inflation falter.
[ Full Story ]Daily Market Briefing - Canadian Dollar Could Pull Back on Retail Sales Data on Friday by FXCM
Top Market Movers Review
EMU INDUSTRIAL PRODUCTION S.A.
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Mar 20 | 10:00 | Industrial Production s.a. (MoM) | -3.5% | -1.5% | -2.6% |
| Mar 20 | 10:00 | Industrial Production w.d.a. (YoY) | -17.3% | -13.4% | -12.0% |
DATA SNAP: Euro−Zone Jan Indus Output −3.5%MM, −17.3%YY (Dow Jones)
Industrial production in the 16 countries that use the euro slumped in January by its largest level since records began, as output declined sharply across the board.
[ Full Story ]- 2nd UPDATE: Euro−Zone Jan Indus Output −3.5%MM, −17.3%YY (Dow Jones)
- UPDATE: Euro−Zone Jan Indus Output −3.5%MM, −17.3%YY (Dow Jones)
- EU Jan Industrial Production drops more than expected, falling a 3.5% MoM and a 17.3% YoY (FXstreet.com)
EMU economic indicators - EMU industrial production (January): sharp decline by BHF−Bank
Economic Events
| Date (GMT) | Country | Event | Actual | Cons. | Previous | |
| Mar 20 | 00:00 | JP | Vernal Equinox Bank Holiday | |||
| 07:00 | DE | Producer Price Index (MoM) (Feb) | -0.5% | -0.2% | -1.2% | |
| 07:00 | DE | Producer Price Index (YoY) (Feb) | 0.9% | 1.3% | 2.0% | |
| 08:00 | TR | TCMB Interest Rate Decision | 10.5% | 11.5% | ||
| 10:00 | EMU | Industrial Production s.a. (MoM) (Jan) | -3.5% | -1.5% | -2.6% | |
| 10:00 | EMU | Industrial Production w.d.a. (YoY) (Jan) | -17.3% | -13.4% | -12.0% | |
| 12:30 | CA | New Motor Vehicle Sales (MoM) (Jan) | -14.8% | |||
| 12:30 | CA | Retail Sales (MoM) (Jan) | -5.4% | |||
| 12:30 | CA | Retail Sales ex Autos (MoM) (Jan) | -3.2% | |||
| 16:00 | US | Fed's Bernanke Speech | ||||