Wednesday, Mar 25, 12:07 GMT
U.S. Trading Newsletter
To Get Started
- Webinar Videos: Trading Forex on a Daily Basis Using Daily Charts by James Chen
- All the events of the day in our Economic Calendar
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Forex Blogs
The Advisor Blog: Gbp/Usd attempting to change bias by Valeria Bednarik
Gbp/Usd is falling fast after CBI realized sales fell far beyond expectations to −44. This is a leading indicator of consumer spending as retailer and wholesaler sales are directly influenced by consumer buying levels; such a bad reading is sending Gbp down.
Trading for a Living: HD Video review. London Open 23 03 2009 by David Aranzabal
FX Market Readings: Mid week volatile moves by Dr. S. Sivaraman
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Live Sessions Schedule
Main Fundamental theme in the Currency Market
Expert: John Kicklighter
Start: Wed, Mar 25, 13:00 GMT
Sponsored by: 
Type of Session: Webinar
Economic and Technical View of the Currency Market
Expert: Rob Booker
Start: Wed, Mar 25, 14:00 GMT
Type of Session: Webinar
| Sponsored by | ||||
| Wed, Mar 25, 13:00 GMT | Main Fundamental theme in the Currency Market | John Kicklighter | WBN | |
| Wed, Mar 25, 14:00 GMT | Economic and Technical View of the Currency Market | Rob Booker | WBN |  |
| Wed, Mar 25, 15:00 GMT | Institutional Trading Strategies  | Andrei Pehar | WBN | |
| Wed, Mar 25, 17:00 GMT | Live Look at Today's Markets | Derek Frey | WBN |  |
Current Session: Europe − U.S.
GBP/USD: The Pound breaks below 1.4595 after weak CBI retail sales
FXstreet.com − The Pound, after a long hesitation, has broken support level at 1.4595 and advances lower in shortly after the release of March retail sales figures.
Below 1.4595, the Pound could find support at 1.4550, and swinging below there, 1.4495; if the Pound fails to remain above here 1.4435/45 and below here mar 20 low at 1.4390.
EUR/USD
EUR/USD: Recovery halted at 1.3530; Euro turns down to test 1.3495 support by FXstreet.com
The Euro, which had gained more than 100 pips from 1.3415 reaching a maximum level around 1.3530, has turned down to test 1.3495 support level which, so far remains unbroken.
USD/CHF
Daily Trading Forecast − USD/CHF: The dollar managed to hold above its lowest levels by Swiss e Trade AG
The dollar managed to hold above its lowest levels against the Swiss franc in European morning trading and is currently at 1.1270, after its lows around 1.1170.
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 DURABLE GOODS ORDERS
| Date (GMT) | Event | Cons. | Previous | |
| Mar 25 | 12:30 | Durable Goods Orders | -2.2% | -4.5% |
| Mar 25 | 12:30 | Durable Goods Orders ex Transportation | -2.2% | -3.0% |
Trading News Report - EUR/USD: Trading the US Durable Goods Orders Report by FXCM
The U.S. dollar is likely to face increased selling pressures over the next 24 hours of trading as economists forecast demands for durable goods to contract another 2.5% in February as private−sector spending falters.
[ Full Story ]US economic indicators - Durable goods orders (Feb): ongoing sharp declines since August by BHF−Bank
Top Market Movers Review
Germany IFO − BUSINESS CLIMATE
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Mar 25 | 09:00 | IFO − Expectations | 81.6 | 81.5 | 80.9 |
| Mar 25 | 09:00 | IFO − Business Climate | 82.1 | 82.5 | 82.6 |
DATA SNAP: German March Ifo Drops To New Record Low At 82.1 (Dow Jones)
German business confidence plunged to another record low in March, indicating a deepening recession in the euro zone's largest economy, a survey from the German Ifo Institute showed Wednesday.
[ Full Story ]- Read full Survey at Ifo Institute
- UPDATE: German March Ifo Drops To New Record Low At 82.1 (Dow Jones)
- German IFO Business Climate feels a small decline to 82.1, expectations at 81.6 (FXstreet.com)
Daily Market Briefing - Euro Pulls Back From 1.3700 − German IFO Report Could Impact Trade on Wednesday by FXCM
EMU economic indicators - German ifo business climate (March): down by BHF−Bank
Economic Events
| Date (GMT) | Country | Event | Actual | Cons. | Previous | |
| Mar 25 | 01:00 | NZ | Westpac Consumer Confidence (1Q) | 96.0 | 101.3 | |
| 07:30 | AU | RBA's Governor Glenn Stevens Speech | ||||
| 09:00 | DE | IFO − Business Climate (Feb) | 82.1 | 82.5 | 82.6 | |
| 09:00 | DE | IFO − Expectations (Mar) | 81.6 | 81.5 | 80.9 | |
| 11:00 | UK | CBI Distributive Trades Survey − Realized (MoM) (Feb) | -44 | -35 | -25 | |
| 11:00 | US | MBA Mortgage Applications (Mar 20) | 32.2% | 21.2% | ||
| 12:30 | US | Durable Goods Orders (Feb) | -2.2% | -4.5% |
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| 12:30 | US | Durable Goods Orders ex Transportation (Feb) | -2.2% | -3.0% |
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| 14:00 | US | New Home Sales (Feb) | 300K | 309K | ||
| 14:00 | US | New Home Sales (MoM) (Feb) | -2.9% | -10.2% | ||