Monday, Mar 23, 12:24 GMT
U.S. Trading Newsletter
To Get Started
- Webinar Videos: Trading Plans - Rules for a Short Term Trader by Steve Misic
- All the events of the day in our Economic Calendar
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Forex Blogs
Forex Trading Today: The Four Siblings Begin the Week Heading North by Tim Salem
We find very "subtle" corrections from Friday's Activity to be largely invalidated… with a weak Dollar and Yen continuing to be seen with Price Action. While out on my Longer−Term Views… we still really are in these large "Ranges" of Consolidative Activity… the IntraDay Time−Cycles are showing Bullish activity and even violating some "Dynamic" Levels as of this writing.
The Advisor Blog: Starting the day by Valeria Bednarik
CEO's Weblog: David Aranzabal's Trading for a Living Blog Spectacular Opening Week 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
Derek Frey's Outlook
Expert: Derek Frey
Start: Mon, Mar 23, 14:00 GMT
Sponsored by: 
Type of Session: Webinar
Weekly Webinar: 1st on Forex − The Week Ahead
Expert: Jerry Furst
Start: Mon, Mar 23, 16:00 GMT
Sponsored by: 
Type of Session: Webinar
| Sponsored by | ||||
| Mon, Mar 23, 14:00 GMT | Derek Frey's Outlook | Derek Frey | WBN | |
| Mon, Mar 23, 15:00 GMT | Advanced Methods for Finding Dominant Trends in Forex Markets  | Mark Whistler | WBN |  |
| Mon, Mar 23, 16:00 GMT | Weekly Webinar: 1st on Forex − The Week Ahead | Jerry Furst | WBN | |
| Tue, Mar 24, 09:00 GMT | Using Fibonacci ratios to manage your trades efficiently | Sunil Mangwani | WBN |  |
Current Session: Europe − U.S.
GBP/USD: The Pound rises past 1.4600; towards 1.4665
FXstreet.com − After several attempts the Pound has broken through resistance level at 1.4600 and rises towards 1.4660 Feb 23 high.
If the Pound manages to break through 1.4660, buying pressure could bring the pair towards next resistance level at 1.4700 (9 Feb low) and above here 1.4760/70 resistance level, before 1.4840 (Feb 6 high).
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USD/JPY
Forex: USD/JPY: Dollar breaks above 96.60 resistance, towards 97.00 by FXstreet.com
The Dollar has broken through 96.60 resistance level and trades higher on its way towards 97.00 resistance.
CHF/JPY
CHF / JPY − An Interesting Crossing by FXstreet.com
The CHF /JPY equation usually shows low volatility, but liquidity there is sufficient enough to place low−risk intraday or longer−term trades.
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 EXISTING HOME SALES
| Date (GMT) | Event | Cons. | Previous | |
| Mar 23 | 14:00 | Existing Home Sales | 4.45M | 4.49M |
| Mar 23 | 14:00 | Existing Home Sales (MoM) | -0.9% | -5.3% |
The Week Ahead - Existing and New Home Sales by BBVA Bancomer
Existing and new home sales are expected to decrease further in February. Tight credit markets are making it increasingly difficult for potential buyers to get a mortgage. In addition, the weakening labor market is detering people from making the financial commitment required to buy a house.
[ Full Story ]Thoughts from the Frontline - Solving the Housing Crisis by Millennium Wave Investments
Friday Notes - Existing Home Sales: Severely depressed prices attract some buyers by UniCredit Group
Top Market Movers Review
EMU TRADE BALANCE S.A.
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Mar 23 | 10:00 | Trade Balance n.s.a. | -€10.5B | -€9.0B | -€1.7B |
| Mar 23 | 10:00 | Trade Balance s.a. | -€5.5B | -€1.9B | -€1.7B |
DATA SNAP: Euro−Zone Trade Deficit Soared In January (Dow Jones)
The euro zone's deficit in trade in goods with the rest of the world widened sharply in January, while a detailed breakdown for the whole of 2008 showed that the energy deficit widened to EUR305.7 billion from a deficit of EUR235.3 billion in 2007.
[ Full Story ]- Read the Trade Balance data at Eurostat
- UPDATE: Euro−Zone Trade Deficit Soared In January (Dow Jones)
- EU Feb Trade deficit s.a. rises to €5.5B (FXstreet.com)
EMU economic indicators - EMU trade balance and current account are likely to have deteriorated by BHF−Bank
Economic Events
| Date (GMT) | Country | Event | Actual | Cons. | Previous | |
| Mar 22 | 23:30 | EMU | ECB Trichet's Speech | |||
| 23:50 | JP | BSI Large Manufacturing (QoQ) (1Q) | -66.0 | -60.0 | -44.5 | |
| Mar 23 | 10:00 | EMU | Construction Output s.a (MoM) (Jan) | 1.3% | -2.8% |
|
| 10:00 | EMU | Construction Output w.d.a (YoY) (Jan) | -9.1% | -13.0% |
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| 10:00 | EMU | Trade Balance n.s.a. (Jan) | €-10.5B | -€9.0B | -€1.7B |
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| 10:00 | EMU | Trade Balance s.a. (Feb) | €-5.5B | -€1.9B | -€1.7B |
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| 12:30 | CA | Leading Indicators (MoM) (Feb) | -0.9% | -0.8% | ||
| 14:00 | US | Existing Home Sales (Feb) | 4.45M | 4.49M | ||
| 14:00 | US | Existing Home Sales (MoM) (Feb) | -0.9% | -5.3% | ||
| 22:00 | US | Treasury's Geithner Speech | ||||