Thursday, Mar 26, 12:11 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
Trading for a living: UK Retail Sales much lower than expected by David Aranzabal
Cable down 50 pips on surprise but recovers. UK Retail Sales −1,9 vs −0.3 forecasted. Cable down 50 pips on surprise but recovering.
The Advisor Blog: Majors’s sentiment for today by Valeria Bednarik
FX Market Readings: Expected market moves for today by Dr. S. Sivaraman
Find other fellow traders to share your comments and market view in the FOREX FORUM
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Live Sessions Schedule
Watch Live Coverage of the US GDP
Expert: Jerry Furst
Start: Thu, Mar 26, 11:30 GMT
Sponsored by: 
Type of Session: Webinar
Multiple time−frame trading with Bollinger Bands
Expert: Lea Peters
Start: Thu, Mar 26, 16:00 GMT
Type of Session: Webinar
Topics
− Position management
− Target profit levels
− Identifying entries
| Sponsored by | ||||
| Thu, Mar 26, 11:30 GMT | Watch Live Coverage of the US GDP | Jerry Furst | WBN | |
| Thu, Mar 26, 14:00 GMT | Fibonacci − from novice to advanced techniques  | Adam Rosen | WBN |  |
| Thu, Mar 26, 15:00 GMT | How to Get Started Trading Forex | Mark Whistler | WBN | |
| Thu, Mar 26, 16:00 GMT | Multiple time−frame trading with Bollinger Bands | Lea Peters | WBN | |
Current Session: Europe − U.S.
Dollar rally capped at 98.40/55 level
FXstreet.com − Dollar recovery from 97.10 low yesterday has capped at 98.40/55 resistance level, at least momentarily, and the pair has set back slightly reaching levels around 98.25. EUR/JPY has broken resistance level at 133.30 during the European session.
Commodity pairs
Dollar at mid−term lows against commodity currencies; Gold consolidates at high levels by FXstreet.com
Commodity currencies have reached their highest levels in months, against the Dollar an seem to be holding quite firmly at such levels, parallel with the appreciation of Gold and Crude prices.
Pound
Sterling falls after UK retail sales plummet and investors short by FXstreet.com
Sterling extended early broad losses on Wednesday, hitting a session low against the dollar and sending the euro up past 92.50 pence after a sharper than forecast fall in retail sales highlighted a contracting economy.
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 GROSS DOMESTIC PRODUCT ANNUALIZED
| Date (GMT) | Event | Cons. | Previous | |
| Mar 26 | 12:30 | Gross Domestic Purchases Price Index | 0.5% | 4.5% |
| Mar 26 | 12:30 | Gross Domestic Product Annualized | -6.6% | -0.5% |
Trading News Report - EUR/USD: Trading the U.S. 4Q GDP Report by FXCM
The final GDP reading for the U.S. is likely to reinforce a dour outlook for the world's largest economy as economists forecast the annual rate of growth to contract 6.6% in the fourth quarter.
[ Full Story ]US Regional Watch - Forecasting GDP with BBVA Compass State Monthly Activity Indexes by BBVA Bancomer
US economic indicators - GDP (Q4 final): second downward revision by BHF−Bank
Top Market Movers Review
UK RETAIL SALES
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Mar 26 | 09:30 | Retail Sales (MoM) | -1.9% | -0.4% | 0.8% |
| Mar 26 | 09:30 | Retail Sales (YoY) | 0.4% | 2.5% | 3.6% |
DATA SNAP: UK Retail Sales Drop Sharply In February (Dow Jones)
U.K. retail sales declined sharply in February, driven by broad−based weakness across the sector as the deepening recession weighed on consumer demand, the Office for National Statistics said Thursday.
[ Full Story ]- GBP/USD: Pound drops lower on weak retail sales approaching 1.4515 support (FXstreet.com)
- UK Feb Retail Sales fall 1.9% MoM, +0.4% YoY (FXstreet.com)
EMU M3
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Mar 26 | 09:00 | M3 (YoY) | 5.9% | 5.5% | 5.9% |
DATA SNAP: Euro−Zone Pvt Sector Loan Growth Cools Sharply (Dow Jones)
Lending to the private sector in the euro zone cooled sharply in February, while broad money supply also eased, albeit at a much slower pace than in previous months, data from the European Central Bank showed Thursday.
[ Full Story ]- Read the M3 Money data at ECB
- UPDATE: Euro−Zone Private Sector Loan Growth Cools Sharply (Dow Jones)
- EU Feb M3 remains at 5.9% (FXstreet.com)
EMU economic indicators - M3 growth (February): subdued by BHF−Bank
Economic Events
| Date (GMT) | Country | Event | Actual | Cons. | Previous | |
| Mar 26 | 07:00 | DE | Gfk Consumer Confidence Survey (Apr) | 2.4 | 2.5 | 2.6 |
| 09:00 | EMU | M3 (YoY) (Feb) | 5.9% | 5.5% | 5.9% | |
| 09:30 | UK | Retail Sales (MoM) (Feb) | -1.9% | -0.4% | 0.8% |
|
| 09:30 | UK | Retail Sales (YoY) (Feb) | 0.4% | 2.5% | 3.6% |
|
| 09:30 | UK | Total Business Investment (QoQ) (4Q) | -1.5% | -3.9% | -3.9% | |
| 09:30 | UK | Total Business Investment (YoY) (4Q) | -4.5% | -7.7% | -7.7% | |
| 12:30 | US | Continuing Jobless Claims (Mar 14) | 5458K | 5473K | ||
| 12:30 | US | Gross Domestic Product Annualized (4Q) | -6.6% | -0.5% | ||
| 12:30 | US | Gross Domestic Purchases Price Index (4Q) | 0.5% | 4.5% | ||
| 12:30 | US | Initial Jobless Claims (Mar 21) | 650K | 646K | ||