Tuesday, Mar 06, 08:19 GMT
EUROPEAN Trading Newsletter
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- Special Coverage: World equity markets sell-off by FXstreet.com
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- FOREX FORUM: The Outsider Method
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- The Advisor Blog: The expected bounce back
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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/JPY
Daily Forex Outlook - U.S. Dollar Trading strengthened against all other majors except then Yen during Monday by Easy Forex
The Japanese Yen (JPY) continued to strengthen against the Dollar and Euro as investors continued to unwind carry trades. Overall, the JPY traded within a low of 115.16 and a high of 116.78 before closing the day at 115.83.
- Read the latest comments on the Pound 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:
Daily Recommended Trades - EUR/USD daily outlook by E-Forex
Daily Forex and Dow Jones Recommended Levels - Fxtechtrade by FXtechtrade
Daily Forex Technical Report - Market Stabilizes as Yen Retreats, Euro Recovers by by ActionForex.com
Currencies at a Glance
- EUR/USD
- Trades around 1.3100
03/06/2007 06:52 GMT - GBP/USD
- Trades above 1.9240
03/06/2007 06:52 GMT - USD/CHF
- Trades around 1.2220
03/06/2007 06:53 GMT - USD/JPY
- Moves up above 116.25
03/06/2007 06:53 GMT
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 GROSS DOMESTIC PRODUCT S.A.
| Date (GMT) | Event | Cons. | Previous | |
| Mar 6 | 10:00 | Gross Domestic Product s.a. (QoQ) | 0.9% | 0.9% |
| Mar 6 | 10:00 | Gross Domestic Product s.a. (YoY) | 3.3% | 3.3% |
Friday Notes - Rolling in money by HVB Group
The expenditure breakdown of EMU Q4-06 GDP should depict a healthy scenario, with strong fixed investment (we expect 1.4% q-o-q, from the previous 0.6%) and external sector, with exports estimated at 4.0% q-o-q. These positive news will more than compensate for the slight slowdown in household consumption (0.5% q-o-q our bet), and the negative contribution from inventories.
[ Full Story ]Top Market Movers Review
Switzerland GROSS DOMESTIC PRODUCT S.A.
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Mar 6 | 06:45 | Gross Domestic Product s.a. (QoQ) | 0.5% | 0.7% | 0.4% |
| Mar 6 | 06:45 | Gross Domestic Product (YoY) | 2.2% | 2.4% | 2.4% |
Swiss Q4 GDP grows slower than expected (AFX News)
Switzerland's fourth quarter GDP grew a real or inflation-adjusted 0.5 pct from the third quarter and increased 2.2 pct year-on-year, the Swiss state secretariat for economic affairs (SECO) said.
[ Full Story ]Economic Events
| Date (GMT) | Country | Event | Actual | Cons. | Previous | |
| Mar 6 | 06:00 | GB | BRC Retail Sales Monitor - Same Store (YoY) (Feb) | 3.3% | 2.3% | 3.1% |
| 06:45 | CH | Gross Domestic Product (YoY) (4Q) | 2.2% | 2.4% | 2.4% | |
| 06:45 | CH | Gross Domestic Product s.a. (QoQ) (4Q) | 0.5% | 0.7% | 0.4% | |
| 10:00 | EMU | Gross Domestic Product s.a. (QoQ) (4Q)  | 0.9% | 0.9% | ||
| 10:00 | EMU | Gross Domestic Product s.a. (YoY) (4Q) | 3.3% | 3.3% | ||
| 10:00 | EMU | Retail Sales (MoM) (Jan) | -0.4% | 0.3% | ||
| 10:00 | EMU | Retail Sales (YoY) (Jan) | 1.3% | 2.1% | ||
| 14:00 | CA | Bank of Canada Rate Decision | 4.25% | 4.25% | ||
| 15:00 | US | Factory Orders (Jan) | -1.8% | 2.4% | ||
| Mar 7 | 01:30 | JP | Bank of Japan Deputy Governor Iwata Speaks at Financial Meeting | |||