Tuesday, Mar 04, 08:25 GMT

EUROPEAN Trading Newsletter

To Get Started

Webinars VIDEOS: Mapping The News by John Jagerson
Check all information about Metals and Financials Quotes
Currency Performance Report: Asia, Europe and US
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.

Note that our messages might be blocked by anti-spam filters so please add newsletter@fxstreet.com or our domain (fxstreet.com) to your address book.

Live Sessions Schedule

Outlook for the major currencies this week
Expert: Ian Copsey
Start: Tue, Mar 4, 09:00 GMT
Sponsored by: Global Forex Trading
Type of Session: Webinar

What Moves Currencies?
Expert: Tony Juste
Start: Tue, Mar 4, 11:00 GMT
Sponsored by: FXstreet.com
Type of Session: Webinar

Sponsored by
Tue, Mar 4, 09:00 GMT	Outlook for the major currencies this week	Ian Copsey	WBN
Tue, Mar 4, 10:00 GMT	FX Instructor Live Trading Room	Nader Moustafa	WBN
Tue, Mar 4, 11:00 GMT	What Moves Currencies?	Tony Juste	WBN
Tue, Mar 4, 15:00 GMT	Technical Analysis Bootcamp: The indicators you need to know and how to interpret them	Dan Blystone	WBN

[ View All ]

Current Session: Europe

AUD/USD

Daily Forex Technical Report − Aussie Retreats after RBA Hike; BOC Cut Expected by ActionForex.com

AUD/USD's correction from 0.9496 resumes today and dives to as low as 0.9263, touching mentioned short term rising channel support (now at 0.9266). Further correction could still be seen to below the channel support. Though downside is still expected to be contained above 0.9100 cluster support (38.2% retracement of 0.8873 to 0.9496 at 0.9111 and 38.2% retracement of 0.8512 to 0.9496 at 0.9120) and bring rally resumption. On the upside, above 0.9420 resistance will suggest that correction has likely completed.

[ Full Story ]

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

Market Session Recaps − Asia Session by FOREX.com

Currencies at a Glance

EUR/USD: Trades below opening price level 1.5203 , below pivot level 1.5212
03/04/2008 07:59 GMT
GBP/USD: Trades around pivot level 1.9861
03/04/2008 08:00 GMT
USD/CHF: Trades above pivot level 1.0395
03/04/2008 08:00 GMT
USD/JPY: Trades around pivot level 103.26
03/04/2008 08:01 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

EMU GROSS DOMESTIC PRODUCT S.A.

Date (GMT)		Event	Cons.	Previous
Mar 4	10:00	Gross Domestic Product s.a. (QoQ)	0.4%	0.8%
Mar 4	10:00	Gross Domestic Product s.a. (YoY)	2.3%	2.7%

EMU economic indicators - The flash estimate for February is likely to show EMU inflation unchanged at 3.2 % yoy by BHF−Bank

The preliminary RBS purchasing managers' index for the EMU manufacturing sector for February is not likely to have been revised substantially, nor is Q4 EMU GDP growth.

[ Full Story ]

Top Market Movers Review

Switzerland CONSUMER PRICE INDEX

Date (GMT)		Event	Actual	Cons.	Previous
Mar 4	06:45	Consumer Price Index (MoM)	0.1%	0.2%	-0.3%
Mar 4	06:45	Consumer Price Index (YoY)	2.4%	2.4%	2.4%

Swiss CPI increases slightly in February (FXstreet.com)

Consumer Prices posted a slight increase in Switzerland in February, on the back of tobacco and alcoholic beverages, hotels and restaurants and "other goods and services", according to the latest figures by the Swiss statistics office.

[ Full Story ]

Read the CPI data at Swiss Statistic [text in German]
Swiss Q4 GDP up 3.6 pct yr−on−yr, up 1.0 pct vs Q3 (Thomson Financial News)
Swiss February CPI up 2.4 pct year−on−year, in−line with forecasts (Thomson Financial News)

Australia RBA INTEREST RATE DECISION

Date (GMT)		Event	Actual	Cons.	Previous
Mar 4	03:30	RBA Interest Rate Decision	7.25%	7.25%	7.00%

Asia Market Update - Reserve Bank of Australia signals rate hikes coming to an end by Trade The News

The Reserve Bank of Australia (RBA) hiked interest rates by 25bps to 7.25%, as widely expected, but said that rate hikes since mid 2007 have been "substantial". The RBA said there was some tentative evidence that household demand was moderating, but the extent was uncertain.

[ Full Story ]

Read the Cash Rate Target report at Reserve Bank of Australia
Australia's central bank raises official cash rate by 25 basis pts to 7.25 pct (Thomson Financial News)

Tony Juste, FX Advisor at FXstreet.com: "There is a consensus that the RBA will hike 25bp on the back of inflationary pressures, but it is uncertain whether such a move will push the AUD higher. I think we might see a top in the currency soon." − FXstreet.com

Daily Forex Technical Report − Aussie Retreats after RBA Hike; BOC Cut Expected by ActionForex.com

Forex Trading Strategies - AUD tumbles despite RBA hike as guidance was dovish by Saxo Bank

Daily Forex Outlook - USD trades a fresh record lows. Reserve Bank of Australia to hike by 25bps by Easy Forex

Economic Events

Date (GMT)		Country	Event	Actual	Cons.	Previous
Mar 4	06:45	CH	Consumer Price Index (MoM) (Feb)	0.1%	0.2%	-0.3%
	06:45	CH	Consumer Price Index (YoY) (Feb)	2.4%	2.4%	2.4%
	06:45	CH	Gross Domestic Product (YoY) (4Q)	3.6%	2.3%	3.0%
	06:45	CH	Gross Domestic Product s.a. (QoQ) (4Q)	1.0%		0.9%
	10:00	EMU	Gross Domestic Product s.a. (QoQ) (4Q)		0.4%	0.8%
	10:00	EMU	Gross Domestic Product s.a. (YoY) (4Q)		2.3%	2.7%
	10:00	EMU	Producer Price Index (MoM) (Jan)		0.8%	0.1%
	10:00	EMU	Producer Price Index (YoY) (Jan)		4.9%	4.3%
	14:00	CA	BoC Interest Rate Announcement (Mar)		3.75%	4.00%
	14:00	US	Fed's Bernanke Speech

[ View All ]