Wednesday, Mar 07, 08:29 GMT
EUROPEAN Trading Newsletter
To Get Started
- Special Coverage: ECB and BoE meeting preview by FXstreet.com
- Check out the rest of our brand New FXstreet.com Newsletters and subscribe now!
- FOREX FORUM: The Outsider Method
- Special Webinar: Trade Non-Farm Payrolls LIVE with Wayne McDonell
- Are you a fan of Pivot Points? Calculate today's levels with the Pivot Point Calculator
- The Advisor Blog: The USD remains mixed
Send us your feed back. Post your comments about the new newsletters' format in the Forum.
Special Webinars
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
The FX Mirror - Just for Premium Members
Expert: Patrick Dyess
Start: Wed, Mar 7, 19:00 GMT
Sponsored by: 
Type of Session: Webinar
Topics
- Charts
- News releases
- Trading styles & techniques
Current Session: Europe
USD/CHF
Daily Forex Technical Report - Markets Continue to Consolidate, RBA on Hold by ActionForex.com
USD/CHF continues to trade in tight range below 1.2260 resistance today. As discussed before, a short term low should be formed after USD/CHF's decline was contained at 1.2108 and rebounded with bullish convergence condition in 4 hours MACD and RSI.
- Read the latest comments on the USD 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:(1.3126) Toyed with neckline of ST Double Top by KBC Bank
Daily Forex Commentary - Funding – CZK still attractive by Jyske Bank
Daily Recommended Trades - EUR/USD daily report by E-Forex
Currencies at a Glance
- EUR/USD
- Continues to trade above 1.3125
03/07/2007 07:53 GMT - GBP/USD
- Trades above 1.9300
03/07/2007 07:54 GMT - USD/CHF
- Continues to trade around 1.2235
03/07/2007 07:56 GMT - USD/JPY
- Trades around 116.40
03/07/2007 07:58 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
Germany FACTORY ORDERS S.A.
| Date (GMT) | Event | Cons. | Previous | |
| Mar 7 | 11:00 | Factory Orders s.a. (YoY) | 6.7% | 1.7% |
| Mar 7 | 11:00 | Factory Orders s.a. (MoM) | 0.4% | -0.2% |
Friday Notes - Rolling in money by HVB Group
Until recently, purchasing managers still described the order backlog as high. Following the slight decline in December, we expect a renewed rise in new orders m-o-m at the beginning of the year after the VAT hike. Despite the slowdown in the global growth dynamic, the dynamic remains robust overall.
[ Full Story ]Top Market Movers Review
Japan LEADING INDICATOR INDEX
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Mar 7 | 05:00 | Leading Indicator Index | 35.0 | 35.0 | 37.5 |
Japan Jan leading index 35.0 vs 37.5 in Dec; coincident index 55.6 vs 63.6 (AFX News)
The index of leading economic indicators fell to 35.0 in January from a revised 37.5 in December, below market expectations, preliminary data from the Cabinet Office showed. Economists on average forecast the leading index would come in at 55.6 for January. A reading above 50 points to economic expansion over the subsequent six months, while figures below 50 suggest a contraction.
[ Full Story ]- More about Leading Indicator Index from Japan Cabinet Office
- TABLE: Japan January Leading Indicators Index (Dow Jones)
- Tony Juste, FX Advisor at FXstreet.com: "Leading indicators allow us to forecast what the economy should be doing in the next 2-3 months. In Japan, they are important because of the so-awaited recovery of the economy, and anything pointing to a gradual slow-down of the economy could be hammering th Yen again, amid speculation that the Japanese economy may not be out of the woods yet." - FXstreet.com
US Open Market Points - Japanese Yen Broadly Lower, Breaks Support Against British Pound by FXCM
Economic Events
| Date (GMT) | Country | Event | Actual | Cons. | Previous | |
| Mar 7 | 01:30 | JP | Bank of Japan Deputy Governor Iwata Speaks at Financial Meeting | |||
| 05:00 | JP | Leading Indicator Index (Jan)  | 35.0 | 35.0 | 37.5 | |
| 11:00 | DE | Factory Orders s.a. (MoM) (Jan) | 0.4% | -0.2% | ||
| 11:00 | DE | Factory Orders s.a. (YoY) (Jan) | 6.7% | 1.7% | ||
| 19:00 | US | Fed's Beige Book | ||||
| Mar 8 | 11:00 | DE | Industrial Production s.a. (MoM) | 0.3% | -0.5% | |
| 11:00 | DE | Industrial Production s.a. w.d.a. (YoY) (Jan) | 6.1% | 5.2% | ||
| 11:30 | EMU | Trichet Speaks at ECB Monthly News Conference | 1 | |||
| 12:00 | GB | Bank of England Rate Decision (Mar 8) | 5.50% | 5.25% | ||
| 12:45 | EMU | ECB Rate Decision | 3.75% | 3.50% | ||