Monday, Mar 03, 08:30 GMT
EUROPEAN Trading Newsletter
To Get Started
- Webinars VIDEOS: Trading with Bollinger Bands and the ATR by Chris Capre
- Check our Brokers/FDMs Table
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- Trendex: Instant Trading Tips from FX Pros right to your desktop
- New currencies pairs: Check the MXN currency on Tradable Rates, Live Charts Window and Multiple Currency Charts.
- The Advisor Blog: At the Open.
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Live Sessions Schedule
FX Instructor Live Trading Room
Expert: Mihai Marinescu
Start: Mon, Mar 3, 10:00 GMT
Sponsored by: 
Type of Session: Webinar
Weekly Webinar: 1st on Forex − The Week Ahead
Expert: Jerry Furst
Start: Mon, Mar 3, 12:00 GMT
Sponsored by: 
Type of Session: Webinar
| Sponsored by | ||||
| Mon, Mar 3, 10:00 GMT | FX Instructor Live Trading Room  | Mihai Marinescu | WBN | |
| Mon, Mar 3, 11:00 GMT | What Moves Currencies? − Preview of the Week Ahead | Tony Juste | WBN |  |
| Mon, Mar 3, 12:00 GMT | Weekly Webinar: 1st on Forex − The Week Ahead | Jerry Furst | WBN | |
| Mon, Mar 3, 15:00 GMT | Derek Frey's Outlook | Derek Frey | WBN |  |
Current Session: Europe
EUR/USD
Weekly Forex Outlook − A week filled with rate announcements by Easy Forex
The Euro traded at a record high shooting through the psychological 1.50 barrier to trade as high of 1.5238. The Euro was also supported by data in the form of German IFO which indicated that business sentiment remained positive in the region. The Euro closed last week at 1.5184 having opened at 1.4804.
Euro – 1.5200
Initial support at 1.5074 (Feb 28 low) followed by 1.4971 (Feb 27 low). Initial resistance is now located at 1.5239 (Feb 29 high) followed by 1.5304 (1.4311 plus 0.618 of 1.3361 to 1.4967).
- Price Patterns by S. Wade Hansen, Founder Profiting With Forex
- Check out how pairs moved: Live Currency Rates & Charts
- Follow up the most relevant Economic Data in the new Real Time Economic Calendar
Forex Technical Report − Forex Technical Report EUR/USD by iFOREX.bg
Currencies at a Glance
- EUR/USD
- Moves up above first resistant level 1.5230
03/03/2008 07:53 GMT - GBP/USD
- Trades below pivot level 1.9865
03/03/2008 07:54 GMT - USD/CHF
- Moves down below second support level 1.0322
03/03/2008 07:56 GMT - USD/JPY
- Moves down towards second support level 102.57
03/03/2008 07:56 GMT
Analyst Sentiment Index (ASI)
Analysts Sentiment Index - EUR/USD
**Source : ActionForex.com, CMS Forex, Danske Bank A/S, FXstreet.com, Global Forex Trading, Mizuho Corporate Bank
[ View ASI page ] [ View EUR/USD page ]
Charting the Market Movers
USD JPY, Hourly
GBP USD, Hourly
Top Market Movers Preview
UK PMI MANUFACTURING
| Date (GMT) | Event | Cons. | Previous | |
| Mar 3 | 09:30 | PMI Manufacturing | 51.0 | 50.6 |
Friday Notes - Inflation – A major headache for the ECB by HVB Group
Following the marked plunge recorded in January UK manufacturing, PMI fell 0.2 standard deviations below the long−term average. A gloomier global growth outlook, coupled with tighter credit standards, should continue to weigh on manufacturing sentiment in coming months. We expect a moderate decline in February to 50.2.
[ Full Story ]Top Market Movers Review
Australia COMPANY GROSS OPERATING PROFITS
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Mar 3 | 00:30 | Company Gross Operating Profits (QoQ) | 3.9% | - | -1.4% |
Australian 4Q Co Profits Rise 3.9% Vs 3Q (Dow Jones)
Australian company gross operating profits rose 3.9% to a seasonally adjusted A$48.74 billion in the fourth quarter of 2007 from the previous quarter, the Australian Bureau of Statistics said Monday.
[ Full Story ]- Read the Profits data at Australian Bureau of Statistics
- Australian 4Q Inventories Rise 0.7% Vs 3Q (Dow Jones)
Economic Events
| Date (GMT) | Country | Event | Actual | Cons. | Previous | |
| Mar 3 | 00:30 | AU | Company Gross Operating Profits (QoQ) | 3.9% | -1.4% | |
| 08:30 | CH | SVME − Purchasing Managers' Index (Feb) | 60.5 | 61.8 | ||
| 08:55 | DE | PMI Manufacturing (Feb) | 54.0 | 54.4 | ||
| 09:00 | EMU | PMI Manufacturing (Feb) | 52.3 | 52.8 | ||
| 09:30 | UK | PMI Manufacturing (Feb) | 51.0 | 50.6 | ||
| 10:00 | EMU | Consumer Price Index (YoY) (Feb)  | 3.2% | 3.2% | ||
| 13:30 | CA | Gross Domestic Product (MoM) (Dec) | -0.1% | 0.1% | ||
| 15:00 | US | Construction Spending (MoM) (Jan) | -0.7% | 1.1% | ||
| 15:00 | US | ISM Manufacturing (Feb) | 48.5 | 50.7 | ||
| Mar 4 | 00:30 | AU | Current Account Balance (4Q) | 1780 | -15587M | |