Friday, Mar 27, 12:14 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: The trade of the day (a very easy one and 100 pips for the pocket) by David Aranzabal
Today we have got a very easy setup in EUR/USD and GBP/USD. Let's see how we could profit from the European Opening:
− MACD Divergence in 5min. chart
− Trendline Broken just at the beginning of the Frankfurt opening.
− Lower Highs, Lower lows.
The Advisor Blog: Majors’s sentiment for today by Valeria Bednarik
Forex Trading Today: Yen Strength Shows Itself in EUR/JPY and especially GBP/JPY by Tim Salem
Find other fellow traders to share your comments and market view in the FOREX FORUM
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Live Sessions Schedule
Tracking the forex market together / Part II
Expert: Dr.S.Sivaraman
Start: Fri, Mar 27, 14:00 GMT
Type of Session: Webinar
Fibonacci Friday
Expert: Andrei Pehar
Start: Fri, Mar 27, 15:00 GMT
Type of Session: Webinar
| Sponsored by | ||||
| Fri, Mar 27, 13:00 GMT | FX Market Pulse  | Raghee Horner | WBN |  |
| Fri, Mar 27, 14:00 GMT | Tracking the forex market together / Part II | Dr.S.Sivaraman | WBN | |
| Fri, Mar 27, 15:00 GMT | Fibonacci Friday | Andrei Pehar | WBN | |
| Mon, Mar 30, 09:00 GMT | Understand & Use Fibonacci Ratios Effectively | Sunil Mangwani | WBN |  |
Current Session: Europe − U.S.
Forex − Comments from the BoE Reverse Growing Optimism
ACM − Advanced Currency Markets − BoE MPC member Dale comments hit the market hard with broad based USD buying. The pair has now broken below 1.3419 march 25th lows and focused on 1.3258 trend support. Intraday support stand at 1.3368 (day lows) and resistance at 1.4394.
EUR/USD
European markets turn down; Euro and Pound tumble by FXstreet.com
The Euro has declined by more tan 200 pips against the Dollar during the European trading session, after having been rejected at 1.3585, the EUR/USD has dropped below 1.3415 reaching a fresh 7−day low at 1.3365.
USD/JPY
USD/JPY: Dollar recovery, halted at 98.40 by FXstreet.com
Dollar recovery from 97.67 low reached in late Asian session seems to have stalled at 98.40 resistance level, and the Dollar has eased somewhat to levels around 98.00; at the moment the USD/JPY fluctuates between exponential moving averages in the hourly chart.
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 PERSONAL CONSUMPTION EXPENDITURE DEFLATOR
| Date (GMT) | Event | Cons. | Previous | |
| Mar 27 | 12:30 | Personal Income (MoM) | -0.1% | 0.4% |
| Mar 27 | 12:30 | Personal Consumption Expenditure Deflator | 0.8% | 0.7% |
| Mar 27 | 12:30 | Core Personal Consumption Expenditure − Prices Index (MoM) | 0.1% | 0.1% |
| Mar 27 | 12:30 | Personal Spending | 0.2 | 0.6 |
| Mar 27 | 12:30 | Core Personal Consumption Expenditure − Prices Index (YoY) | 1.6% | 1.6% |
US economic indicators - PCE core deflator (Feb): annual rate only temporarily higher by BHF−Bank
Just like core CPI, the PCE core deflator could have risen by 0.2% mom in February, particularly because medical care costs went up noticeably. The annual rate is likely to increase to 1.7%. However, the FOMC is expecting the core PCE deflator's annual rate to fall to 0.9%–1.1% at the end of this year, and to remain around this level in 2010 and 2011, because of unused capacities.
[ Full Story ]Top Market Movers Review
UK CURRENT ACCOUNT
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Mar 27 | 09:30 | Current Account | -£7.6B | -£5.8B | -£8.2B |
DATA SNAP: UK 4Q Current Account Deficit Narrows (Dow Jones)
The U.K. current account deficit narrowed in the fourth quarter, as sliding sterling helped push the trade balance in services further into surplus, the Office for National Statistics said Friday.
[ Full Story ]- Read the Current Account data at UK Statistics
- UK 4Q Current Account deficit falls more than expected to £7.6B (FXstreet.com)
Economic Events
| Date (GMT) | Country | Event | Actual | Cons. | Previous | |
| Mar 27 | 09:30 | UK | Current Account (4Q) | £-7.6B | -£5.8B | -£8.2B |
| 10:00 | EMU | Industrial New Orders (YoY) (Jan) | -34.1% | -28.2% | -22.3% | |
| 10:00 | EMU | Industrial New Orders s.a. (MoM) (Jan) | -3.4% | -6.5% | -5.2% | |
| 10:30 | CH | KOF Leading Indicator (Mar) | -1.79 | -1.55 | -1.37 |
|
| 12:07 | DE | Consumer Price Index (MoM) (Mar)  | 0.1% | 0.6% | ||
| 12:07 | DE | Consumer Price Index (YoY) (Mar) | 0.7% | 1.0% | ||
| 12:30 | US | Core Personal Consumption Expenditure − Prices Index (MoM) (Feb) | 0.1% | 0.1% | ||
| 12:30 | US | Core Personal Consumption Expenditure − Prices Index (YoY) (Feb) | 1.6% | 1.6% | ||
| 12:30 | US | Personal Consumption Expenditure Deflator (Feb) | 0.8% | 0.7% | ||
| 12:30 | US | Personal Income (MoM) (Feb) | -0.1% | 0.4% | ||