Tuesday, Mar 24, 12:16 GMT
U.S. Trading Newsletter
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- 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
The Advisor Blog: Gbp/Usd technical perspective by Valeria Bednarik
Gbp/Usd continues advancing, after breaking above the key 1.4660 zone (daily maximums and minimums congestion zone) and in 4 hours charts the pair remains quite bullish, despite a bit over bough. Daily high at 1.4774 will be our first resistance from actual price, followed bu 1.4810, 1.4868 and the zone around 1.4910.
Trading for a Living: HD Video review. London Open 23 03 2009 by David Aranzabal
CEO's Weblog: March09 should bring new highs at FXstreet.com. 42% rise in visitors in the pipeline by Francesc Riverola
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Live Sessions Schedule
The Weather Report: Ichimoku Cloud Trading
Expert: Chris Capre
Start: Tue, Mar 24, 14:00 GMT
Type of Session: Webinar
Trading with Autochartist
Expert: Raghee Horner
Start: Tue, Mar 24, 15:00 GMT
Type of Session: Webinar
| Sponsored by | ||||
| Tue, Mar 24, 14:00 GMT | The Weather Report: Ichimoku Cloud Trading | Chris Capre | WBN |  |
| Tue, Mar 24, 15:00 GMT | Trading with Autochartist | Raghee Horner | WBN | |
| Tue, Mar 24, 17:00 GMT | Live Look at Today's Markets  | Derek Frey | WBN |  |
| Wed, Mar 25, 09:00 GMT | FX Instructor Live Trading Room | Mark De La Paz | WBN |  |
Current Session: Europe − U.S.
EUR/USD: Euro, 1.3615 support broken, drops towards 1.3500
FXstreet.com − The common currency has lost it 1.3615 support level during the European session, after having been trading between 1.3615 and 1.3680 during the whole Asian session, the Euro broke support and fell to 1.3525 intra−day low.
On the hourly chart, The Euro is testing levels below the 100 SMA, while bearish momentum seems to be increasing, above the 1.3485/1.3500 support level, below there, Mar 19 low at 1.3415 would be the next support level to observe.
EUR/JPY
EUR/JPY: Euro rally capped at 134.50 by FXstreet.com
The Euro has turned down after testing 134.50 resistance, (50% Fibonacci retracement of the Sept – Jan decline), setting a fresh 5−months high on its rally from 112.00 low on January 21
GBP/USD
Daily Trading Forecast − Cable continues to be in demand in early European trading by Swiss e Trade AG
Despite its overbought condition, cable continues to be in demand in early European trading and is now priced at 1.4720. We see down corrections setting in soon today, but limited to 1.4620.
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 ABC/WASHINGTON POST CONSUMER CONFIDENCE
| Date (GMT) | Event | Cons. | Previous | |
| Mar 24 | 21:00 | ABC/Washington Post Consumer Confidence | - | -48 |
US economic indicators - Confidence expected to rise by BHF−Bank
The University of Michigan's (UMI) preliminary March consumer sentiment improved slightly to 56.6, but that was still 4.6 points below the level in January. As the latest ABC consumer sentiment went up again to –47 (the highest level so far in 2009), we expect UMI's final March consumer sentiment to rise marginally to 57.0.
[ Full Story ]- Read the Confidence data at Washington Post
Top Market Movers Review
UK CONSUMER PRICE INDEX
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Mar 24 | 09:30 | Consumer Price Index (YoY) | 3.2% | 2.6% | 3.0% |
| Mar 24 | 09:30 | Core Consumer Price Index (YoY) | 1.6% | 1.3% | 1.3% |
| Mar 24 | 09:30 | Consumer Price Index (MoM) | 0.9% | 0.3% | -0.7% |
DATA SNAP: UK Consumer Price Inflation Accelerates In Feb (Dow Jones)
U.K. consumer price inflation accelerated in February, the Official for National Statistics said Tuesday, surprising economists who had expected a sharp decline.
[ Full Story ]- Read the CPI data at UK Statistics
- UPDATE: UK Consumer Price Inflation Accelerates In Feb (Dow Jones)
- GBP/USD: Sterling testing 1.4735 resistance after higher than expected inflation (FXstreet.com)
- UK CPI MoM increases 0.9% in Feb, +3.2% YoY (FXstreet.com)
Trading News Report - GBP/USD: Trading the UK Consumer Price Index by FXCM
EMU CURRENT ACCOUNT S.A
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Mar 24 | 09:00 | Current Account n.s.a | -18.2B | - | 0.7B |
| Mar 24 | 09:00 | Current Account s.a | -12.7B | - | -7.6B |
DATA SNAP: Euro−Zone Current Account Deficit Widens In Jan (Dow Jones)
The euro zone's current account deficit widened more than expected in January, as deficits in both goods and current transfers grew compared with December, data from the European Central Bank showed Tuesday.
[ Full Story ]- Read the Current Account data at ECB
- 2nd UPDATE: Euro−Zone Current Account Deficit Widens In Jan (Dow Jones)
- UPDATE: Euro−Zone Current Account Deficit Widens In Jan (Dow Jones)
- EU Jan deficit account s.a rises €12.7B (FXstreet.com)
Economic Events
| Date (GMT) | Country | Event | Actual | Cons. | Previous | |
| Mar 24 | 09:30 | UK | BBA Mortgage Approvals | 28.2K | 24.3K |
|
| 09:30 | UK | Consumer Price Index (MoM) (Feb) | 0.9% | 0.3% | -0.7% | |
| 09:30 | UK | Consumer Price Index (YoY) (Feb) | 3.2% | 2.6% | 3.0% | |
| 09:30 | UK | Core Consumer Price Index (YoY) (Feb) | 1.6% | 1.3% | 1.3% | |
| 09:30 | UK | Retail Price Index (MoM) (Feb) | 0.6% | -0.1% | -1.3% | |
| 09:30 | UK | Retail Price Index (YoY) (Feb) | 0.0% | -0.7% | 0.1% | |
| 14:00 | US | Housing Price Index (MoM) (Jan) | -0.8 | 0.1 | ||
| 14:00 | US | Richmond Fed Manufacturing Index (Mar) | -52 | -51 | ||
| 21:00 | US | ABC/Washington Post Consumer Confidence (Mar 22) | -48 | |||
| 23:50 | JP | Adjusted Merchandise Trade Balance (Feb) | -¥295.6B | -¥364.9B | ||