Tuesday, Mar 31, 11:01 GMT
U.S. Trading Newsletter
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Forex Blogs
Trading for a living: London opening. Again opportunities for profiting by David Aranzabal
Today the window between Frankfurt and London opening was tricky, but just after the London opening we got the following opportunity:
− MACD Divergence in 60m
− Price approaching to 5m ascending trendline. (Upside move)
CEO's Weblog: Crown Forex S.A takes FINMA decision to Court by Francesc Riverola
The Trader's Edge: NZD/CAD Trade by Ross Yamashita
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Live Sessions Schedule
The Weather Report: Ichimoku Cloud Trading
Expert: Chris Capre
Start: Tue, Mar 31, 14:00 GMT
Type of Session: Webinar
Trading with Autochartist
Expert: Raghee Horner
Start: Tue, Mar 31, 15:00 GMT
Type of Session: Webinar
| Sponsored by | ||||
| Tue, Mar 31, 11:00 GMT | FX Instructor Live Trading Room  | Mark De La Paz | WBN |  |
| Tue, Mar 31, 12:00 GMT | US Pre−Market Open | Ed Ponsi | WBN |  |
| Tue, Mar 31, 13:30 GMT | US Session Open | Ed Ponsi | WBN | |
| Tue, Mar 31, 14:00 GMT | The Weather Report: Ichimoku Cloud Trading | Chris Capre | WBN | |
Current Session: Europe − U.S.
EUR/USD: Euro explores grounds above 1.3285
FXstreet.com − After having remained at resistance level for the whole European session, the Euro finally broke above 1.3275/85 level reaching intra−week high at levels right above 1.3300.
If the Euro remains above here, next resistance levels come at 1.3340 and then 1.3370 (Jan 19 High). Once above here, 1.3416 (Mar 25 low). On the downside, a bearish reaction below 1.3275/85 could open the doors to 1.3200/10, the Euro could find support at 1.3176 intra−day low, and below here, 1.3115 (Mar 30 low.).
GBP/USD
Daily Technical Strategist − GBPUSD: Downside Pressure With Potential For Corrective Bounce by FXTechstrategy
Although a fourth day of downside losses was recorded at the end of Monday trading session, the formation of a hammer candle now suggests that a temporary bottom may be forming
USD/JPY
Forex: USD/JPY: Dollar rally from 95.95 low yesterday; testing 98.40 resistance by FXstreet.com
The Dollar has been rallying sharply after having bottomed at 95.95 low yesterday to attack 98.40 resistance level ahead of European session opening on Tuesday.
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 CONSUMER CONFIDENCE
| Date (GMT) | Event | Cons. | Previous | |
| Mar 31 | 14:00 | Consumer Confidence | 25.9 | 25.0 |
US economic indicators - Consumer confidence (Mar): slight rebound after record plunge by BHF−Bank
Consumer confidence plunged from 37.4 to a record low of 25.0 in February, with expectations deteriorating more than the current assessment. The drop was even sharper than indicated by the decrease in the University of Michigan's (UMI) consumer sentiment, because the deterioration in the labour market carries more weight in the Conference Board's survey.
[ Full Story ]Top Market Movers Review
EMU CONSUMER PRICE INDEX
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Mar 31 | 09:00 | Consumer Price Index (YoY) | 0.6% | 0.7% | 1.2% |
DATA SNAP: Euro−Zone Inflation Rate Hits Record Low In March (Dow Jones)
The annual rate of inflation in the 16 countries which use the euro fell to its lowest level on record in March, adding pressure on the European Central Bank to cut interest rates later this week, preliminary official data showed Tuesday.
[ Full Story ]- DATA SNAP: OECD Inflation Steadied At Record Low In Feb (Dow Jones)
- UPDATE: Record Low Euro−Zone Inflation Signals ECB Rate Cut (Dow Jones)
- OECD: Euro−Zone Econ In Deep Recession, 2009 GDP Seen −4.1% (Dow Jones)
EMU economic indicators - EMU inflation flash estimate (March): down to 0.5% yoy by BHF−Bank
Germany UNEMPLOYMENT CHANGE
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Mar 31 | 07:55 | Unemployment Change | 69K | 53K | 50K |
DATA SNAP:German Mar Seas Adj Jobless +69,000 Vs +50,000 Feb (Dow Jones)
The economic slump has had a greater−than−expected impact on Germany's jobs market in March, data from the country's labor office showed Tuesday.
[ Full Story ]- Bundesagentur für Arbeit
- UPDATE: German Mar Seas Adj Jobless +69,000 Vs +50,000 Feb (Dow Jones)
- Germany Mar unemployment increase by 69K workers, much more than expected (FXstreet.com)
KBC News Picks - EMU: Economic confidence drops to new record low by KBC Bank
Trading News Report - EUR/USD: Trading the Change in the German Unemployment Report by FXCM
EMU economic indicators - German adjusted unemployment (March): sharp rise by BHF−Bank
Economic Events
| Date (GMT) | Country | Event | Actual | Cons. | Previous | |
| Mar 31 | 05:00 | JP | Annualized Housing Starts (Feb) | 0.866M | 0.950M | 0.957M |
| 06:00 | DE | ILO Unemployment Rate (Feb) | 7.4% | 7.4% | 7.3% | |
| 06:00 | CH | UBS Consumption Indicator (Feb) | 0.89 | 0.92 |
||
| 07:55 | DE | Unemployment Change (Mar) | 69K | 53K | 50K |
|
| 08:30 | UK | Index of Services (Jan) | -1.3% | -1.0% | -0.8% |
|
| 09:00 | EMU | Consumer Price Index (YoY) (Mar) | 0.6% | 0.7% | 1.2% | |
| 12:30 | CA | Gross Domestic Product (MoM) (Jan) | -0.6% | -1.0% | ||
| 12:30 | CA | Industrial Product Price (MoM) (Feb) | 0.5% | -0.1% | ||
| 13:00 | US | S&P/Case−Shiller Home Price Indices (Jan) | -18.5% | -18.5% | ||
| 13:45 | US | Chicago Purchasing Managers' Index (Mar) | 35.0 | 34.2 | ||