Monday, Mar 05, 08:43 GMT
EUROPEAN Trading Newsletter
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Special Webinars
How to become a professional trader - 10 Power Principles of successful trading systems
Expert: Markus Heitkoetter
Start: Tue, Mar 6, 17:00 GMT
Sponsored by: 
Type of Session: Webinar
Outlook for Non-Farm Payrolls
Expert: Richard Lee
Start: Wed, Mar 7, 15:00 GMT
Sponsored by: 
Type of Session: Webinar
Topics
- US Economic Growth
- Possible Market Impact
Current Session: Europe
USD/CHF
Daily Forex Technical Report - Another Wave of Carry Trade Unwinding Pushes Yen and Franc Higher by ActionForex.com
USD/CHF's fall from 1.2260 extends to below 1.2142 low as expected and reaches as low as 1.2120 so far. At this point, intraday bias remains on the downside as long as 1.2206 and further decline is expected to follow towards 61.8% projection of 1.2436 to 1.2142 from 1.2260 at 1.2078 first.
- USD/CHF is the biggest thread for USD advance today by Tony Juste
- Check out how the currency moved on Live Currency Rates & Charts at FXstreet.com
- Follow up the most relevant Economic Data in the new Real Time Economic Calendar
- Be up to date with the Latest Forex News
Other Topics for this Session:
Forex Technical Analysis - EUR/USD:(1.3166) Targets of ST Triple bottoms from 13045 have been met by KBC Bank
Today's Technical Trading Points by Danske Bank A/S
Daily Recommended Trades - EUR/USD daily outlook by E-Forex
Currencies at a Glance
- EUR/USD
- Continues to trade below 1.3145
3/5/2007 8:04:03 AM - GBP/USD
- Continues to drop below 1.9250
3/5/2007 8:05:38 AM - USD/CHF
- Drops below 1.2115
3/5/2007 8:07:40 AM - USD/JPY
- Moves down below 115.50
3/5/2007 8:10:56 AM
Analyst Sentiment Index (ASI)
Analysts Sentiment Index - USD/JPY
**Source : CMS Forex, Danske Bank A/S, FXstreet.com, Global Forex Trading Ltd. , KBC Bank, Mizuho Corporate Bank
[ View ASI page ] [ View USD/JPY page ]
Charting the Market Movers
EUR USD, Hourly
USD JPY, Hourly
Top Market Movers Preview
EMU PMI - SERVICES INDEX
| Date (GMT) | Event | Cons. | Previous | |
| Mar 5 | 14:30 | PMI - Services Index | 58.8 | 59.2 |
| Mar 5 | 14:00 | PMI - Services Index | 58.0 | 57.9 |
| Mar 5 | 13:55 | PMI - Services Index | 58.0 | 58.3 |
Friday Notes - Rolling in money by HVB Group
With the February services confidence calculated by the European Commission stable at 20, we expect a substantial steadiness also in the Eurozone services PMI at 58.0. The slight softening seen in manufacturing at the turn of the year doesn’t seem to have spilled over to the service sector, confirming the good shape of the eurozone economy.
[ Full Story ]Top Market Movers Review
US MICHIGAN CONSUMER SENTIMENT INDEX
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Mar 2 | 20:00 | Michigan Consumer Sentiment Index | 91.3 | 94.0 | 96.9 |
Reuters/Univ Michigan End-Feb Sentiment 91.3; Jan 96.9 (Dow Jones)
Consumers grew less confident in February, with the Reuters/University of Michigan's survey showing declines Friday in both its current sentiment and expectations indexes.
[ Full Story ]- Read the Consumer Confidence Slides at Reuters/University of Michigan
- Univ. Michigan Economic Sentiment Index dips to 91.3 in February (FXstreet.com)
- Tony Juste, FX Advisor at FXstreet.com: "It may not mean that much, but if consumer confidence figures start to fall, as in the last Michigan sentiment survey then the 2/3 of the GDP that rely on the private consumption could pose a further threat to slow down the economic growth." - FXstreet.com
Weekly Calendar - Week of February 26th, 2007 thru March 2nd, 2007 by Trade The News
Economic Events
| Date (GMT) | Country | Event | Actual | Cons. | Previous | |
| Mar 5 | 08:55 | DE | PMI - Services Index (Feb) | 58.0 | 58.3 | |
| 09:00 | EMU | PMI - Services Index (Feb) | 58.0 | 57.9 | ||
| 09:30 | GB | PMI - Services Index (Feb) | 58.8 | 59.2 | ||
| 15:00 | US | ISM Non-Manufacturing (Feb) | 57.3 | 59.0 | ||
| Mar 6 | 15:00 | US | Factory Orders (Jan) | -1.8% | 2.4% | |
| Mar 7 | 19:00 | US | Fed's Beige Book | |||
| Mar 8 | 12:00 | GB | Bank of England Rate Decision (Mar 8) | 5.50% | 5.25% | |
| 12:45 | EMU | ECB Rate Decision | 3.75% | 3.50% | ||
| 13:30 | US | Initial Jobless Claims (Mar 3) | 332K | |||
| Mar 9 | 13:30 | US | Average Workweek (Feb) | 33.8 | 33.8 | |