Forexpros.com Daily Analysis - 18/03/2010

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Forexpros Daily Analysis March 18, 2010


Free webinar on ForexPros - Identifying Low Risk, High Reward, and High Probability Trading Opportunities For Swing and Longer Term Forex Traders.

Expert: Sam Seiden
When: Today, Mar 18, 2010, 10:00 EST

During this session, we will apply what we learned during session one to the world of swing and longer term trading in the Forex markets. We will walk through the trade selection process, applying our rule based strategy to identify price levels where demand and supply are out of balance and where profit margins are large offering us significant risk/reward opportunities for Forex swing and position trading.

This webinar is the last of a three part series brought to you by Online Trading Academy and Forexpros.

[color=black]to join free.

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Fundamental Analysis: Core Retail Sales

Canadian traders await the publication of the Core Retail Sales.
The Core Retail Sales is a monthly measurement of all goods sold by retailers based on a sampling of retail stores of different types and sizes in Canada, excluding auto. It is an important indicator of consumer spending and also correlated to consumer confidence and considered as a pace indicator of the Canadian economy .
A higher than expected reading should be taken as positive/bullish for the CAD, while a lower than expected reading should be taken as negative/bearish for the CAD. Analysts predict a reading of 0.50%, up from the previous 0.40%.

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Euro Dollar

The Euro