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EUROPEAN Trading Newsletter
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Current Session: Europe
Currencies at a Glance
- EUR/USD
- The pair not moving anywhere, continues to trade around 1.3225
03/15/2007 07:03 GMT - GBP/USD
- Moves down toward today's pivot at 1.9307
03/15/2007 07:03 GMT - USD/CHF
- Moves up above 1.2170, slightly above today's pivot
03/15/2007 07:04 GMT - USD/JPY
- Moves up above 117.30, toward first resistant
03/15/2007 07:04 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
Switzerland INTEREST RATE DECISION
| Date (GMT) | Event | Cons. | Previous | |
| Mar 15 | 08:30 | Interest Rate Decision | 2.25% | 2.00% |
Research Euroland - Switzerland: Monetary tightening despite zero inflation by Danske Bank A/S
There is no doubt about the outcome of the forthcoming policy meeting at the Swiss central bank. The bank will raise its benchmark interest rate by 0.25 percentage points to 2.25% - anything else would be a huge surprise.
[ Full Story ]EMU CONSUMER PRICE INDEX
| Date (GMT) | Event | Cons. | Previous | |
| Mar 15 | 10:00 | Consumer Price Index - Core (YoY) | 1.8% | 1.7% |
| Mar 15 | 10:00 | Consumer Price Index (YoY) | 1.8% | 1.8% |
| Mar 15 | 10:00 | Consumer Price Index (MoM) | 0.3% | -0.5% |
Friday Notes - Correction, not a trend reversal by HVB Group
In February, we expect the confirmation of the flash estimate reading, with eurozone inflation stable at 1.8%, remaining below 2% since August 2006. The core rate is expected to hold at 1.7%, with some upside risks. Overall, the inflation scenario remains benign: we expect further moderation in Q2 and Q3, and a rise back toward 2% in Q4 2007.
[ Full Story ]Top Market Movers Review
Australia EMPLOYMENT CHANGE
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Mar 15 | 00:30 | Employment Change | 22.0 | -3.6K | -4.0K |
Australia jobless rate rises to 4.6 pct in Feb after 30-year low in Jan (AFX News)
The unemployment rate rose to a seasonally adjusted 4.6 pct in February, up from the 30-year low of 4.5 pct in January, the Australian Bureau of Statistics (ABS) said. The market was expecting the jobless rate to have stayed at 4.5 pct last month. The ABS said that on a seasonally adjusted basis the number of people employed increased by 22,000 to 10.3579 mln compared with a consensus forecast for a 15,000 rise.
[ Full Story ]- Read the Labor Force report at Australian Bureau of Statistics
- DATA SNAP: Australian Feb Unemployment Rate 4.6% -2- (Dow Jones)
Economic Events
| Date (GMT) | Country | Event | Actual | Cons. | Previous | |
| Mar 15 | 00:30 | AU | Employment Change (Feb) | 22.0 | -3.6K | -4.0K |
| 08:30 | CH | Interest Rate Decision | 2.25% | 2.00% | ||
| 10:00 | EMU | Consumer Price Index - Core (YoY) (Feb) | 1.8% | 1.7% | ||
| 10:00 | EMU | Consumer Price Index (MoM) (Feb) | 0.3% | -0.5% | ||
| 10:00 | EMU | Consumer Price Index (YoY) (Feb) | 1.8% | 1.8% | ||
| 12:30 | US | Initial Jobless Claims (Mar 10) | 325K | 328K | ||
| 12:30 | US | Producer Price Index (MoM) (Feb) | 0.4% | -0.6% | ||
| 12:30 | US | Producer Price Index (YoY) (Feb) | 0.2% | |||
| 12:30 | US | Producer Price Index ex Food & Energy (MoM) (Feb) | 0.2% | 0.2% | ||
| 12:30 | US | Producer Price Index ex Food & Energy (YoY) (Feb) | 1.8% | |||