Thursday, Mar 08, 09:14 GMT
EUROPEAN Trading Newsletter
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Special Webinars
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Expert: Sunil Mangwani
Start: Thu, Mar 8, 15:00 GMT
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Type of Session: Webinar
Derek Frey's Outlook
Expert: Derek Frey
Start: Mon, Mar 12, 15:00 GMT
Sponsored by: 
Type of Session: Webinar
Current Session: Europe
EUR/USD
Forex Daily Analysis - The Market eyes Trichet's comments - might send EUR higher by ForexYard
The pair has bounced back from its trendline support at 1.3080 and seems to be heading back the upper boundary of the channel eyed at the daily chart, extending from late January. 4H Slow Stochastics is slightly overbought and MACD is at neutral level. A continuation of the uptrend is likely.
- Marklets at the Open 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 Forex Commentary - Confidence back.. by Jyske Bank
Today's Trading Idea - Today's Trading Idea by Friend-of-Fxtrend
Daily Recommended Trades - EUR/USD daily outlook by E-Forex
Currencies at a Glance
- EUR/USD
- Continues to trade around 1.3175
03/08/2007 06:31 GMT - GBP/USD
- Moves up above 1.9325
03/08/2007 06:33 GMT - USD/CHF
- Moves up toward 1.2200
03/08/2007 06:34 GMT - USD/JPY
- Moving up above 116.60
03/08/2007 06:35 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 INDUSTRIAL PRODUCTION S.A.
| Date (GMT) | Event | Cons. | Previous | |
| Mar 8 | 11:00 | Industrial Production s.a. w.d.a. (YoY) | 6.1% | 5.2% |
| Mar 8 | 11:00 | Industrial Production s.a. (MoM) | 0.3% | -0.5% |
Friday Notes - Rolling in money by HVB Group
The order cushion in manufacturing is still respectable. Purchasing managers were also very optimistic about production at the turn of the year. Hence, we expect another improvement m-o-m in January following the decline at the turn of the year.
[ Full Story ]EMU ECB RATE DECISION
| Date (GMT) | Event | Cons. | Previous | |
| Mar 8 | 12:45 | ECB Rate Decision | 3.75% | 3.50% |
| Mar 8 | 12:00 | Bank of England Rate Decision | 5.50% | 5.25% |
The upcoming meetings of the two main Central Banks from the old Europe can be read under two very different approaches. On the one hand the ECB (European Central Bank) will probably hike interest rates 25bp to 3.75%, trying to contain inflation fears. On the other hand, the BoE (Bank of England) it's widely expected to keep interest rates on hold at a 5.25%.
- Vote in our FOREX FORUM poll: What will be Trichet's decision?
- European Central Bank homepage
FX Briefing - ECB caught between a rock and a hard place by BHF-Bank
ECB: Preview of meeting March 8 by Danske Bank A/S
Top Market Movers Review
US FED'S BEIGE BOOK
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Mar 7 | 19:00 | Fed's Beige Book | - | - | - |
Fed's Beige Book sees 'modest expansion' in US economy since last report (AFX News)
The US economy continued to grow through the end of last month, though some areas continued to show some signs of weakness as a lacklustre housing market and sluggish auto sales slowed activity, the Federal Reserve said today.
[ Full Story ]- Read more about The Beige Book at Federal Reserve
- CURRENCIES: Yen Gains; Dollar Drops After Fed's Beige Book Report (Dow Jones)
The Week Ahead - ISM Services, Productivity, Beige Book and Nonfarm Payrolls by BBVA Bancomer
Economic Events
| Date (GMT) | Country | Event | Actual | Cons. | Previous | |
| Mar 7 | 18:00 | US | Chicago Fed President Moskow Speaks | |||
| 19:00 | US | Fed's Beige Book | ||||
| 20:00 | NZ | RBNZ Rate Decision | 7.50% | 7.50% | 7.25% | |
| Mar 8 | 06:45 | CH | Consumer Price Index (YoY) (Feb) | 0% | 0.1% | 0.1% |
| 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 | ||||
| 12:00 | GB | Bank of England Rate Decision (Mar 8) | 5.50% | 5.25% | ||
| 12:00 | CA | Net Change in Employment (Feb) | 7.5K | 88.9K | ||
| 12:45 | EMU | ECB Rate Decision | 3.75% | 3.50% | ||