Friday, Mar 07, 08:33 GMT
EUROPEAN Trading Newsletter
To Get Started
- Webinars VIDEOS: Mapping The News by John Jagerson
- Continue to discuss the BoE and BCE Interest Rates reports
- Check all the information you may need about Futures Markets
- FX Trader of the year 2008: Last call for the Trading contest. Register until March, 17th
- The Advisor Blog: At the Open
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Live Sessions Schedule
SPECIAL EVENT: Trade Non−Farm Payrolls LIVE − 22nd Edition
Expert: Wayne McDonell
Start: Fri, Mar 7, 13:00 GMT
Sponsored by: 
Type of Session: Webinar
| Sponsored by | ||||
| Fri, Mar 7, 13:00 GMT | SPECIAL EVENT: Trade Non−Farm Payrolls LIVE − 22nd Edition | Wayne McDonell | WBN | |
| Mon, Mar 10, 09:00 GMT | FX Instructor Live Trading Room  | Mihai Marinescu | WBN |  |
| Mon, Mar 10, 11:00 GMT | Weekly Webinar: 1st on Forex − The Week Ahead | Jerry Furst | WBN |  |
| Mon, Mar 10, 14:00 GMT | Derek Frey's Outlook | Derek Frey | WBN |  |
Current Session: Europe
GBP/USD
Daily Market Commentary − The dollar ended lower on Thursday as well, as expected by Global Forex Trading
Sterling/dollar broke above the top of its medium−term trading range on its way to the highest level of the year. The strength was confirmed only by the break above 2.0000. A bullish flag was triggered and this targets the 2.0465 area. Initial resistance comes at 2.0100. A break above this level would signal another further rally to 2.0185. This is followed by 2.0260. Immediate support is seen at 2.000. The next level is 1.9965. Below 1.9910, the next level follows at 1.9835.
Other Topics for this Session:
Market Session Recaps − Asia Session by FOREX.com
Daily Recommended Trades − EURUSD daily outlook by E−Forex
Daily Forex and Dow Jones Recommended Levels − Fxtechtrade by Fxtechtrade
Bank's Analysis
Today's Technical Trading Points by Danske Bank A/S
Forex Trading Strategies − A crazy day may await the markets − watch the JPY! by Saxo Bank
Currency Performance
Currency Performance Report − US Session Performance by FXstreet.com
FX Analysts' Comments
This week's Chart Pattern Trading webinar by Raghee Horner, Founder of EZ2Trade Software
FX' Signal
Daily FX Forecast by S.A.F.E. Ltd
Currencies at a Glance
- EUR/USD
- Moves up above first resistant level 1.5428
03/07/2008 08:05 GMT - GBP/USD
- Moves up towards first resistant level 2.0174
03/07/2008 08:05 GMT - USD/CHF
- Trades around opening price level 1.0229 , below pivot level 1.0273
03/07/2008 08:05 GMT - USD/JPY
- Moves down below opening price level 102.70 , below pivot level 103.07
03/07/2008 08:06 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
Germany INDUSTRIAL PRODUCTION S.A.
| Date (GMT) | Event | Cons. | Previous | |
| Mar 7 | 11:00 | Industrial Production s.a. (MoM) | 0.3% | 0.8% |
| Mar 7 | 11:00 | Industrial Production s.a. w.d.a. (YoY) | 4.6% | 4.1% |
EMU economic indicators - The flash estimate for February is likely to show EMU inflation unchanged at 3.2 % yoy by BHF−Bank
German industrial new orders might have rebounded in January, because some of the correlated climate indicators improved recently. For similar reasons, January output in the German producing sector could have increased again.
[ Full Story ]Top Market Movers Review
Japan BANK OF JAPAN MONTHLY ECONOMIC SURVEY
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Mar 7 | 06:00 | Bank of Japan Monthly Economic Survey | - | - | - |
| Mar 7 | 05:00 | BoJ Interest Rate Decision | 0.5% | 0.5% | 0.5% |
Bank of Japan downgrades assessment of economy for March − UPDATE (Thomson Financial News)
The Bank of Japan (BoJ) has lowered its assessment of the economy in its March report, released Friday, saying the pace of global growth is slowing as higher prices for energy and materials are beginning to weigh on corporate profits.
[ Full Story ]- Read the Interest Rate Decision report at Bank of Japan
- Read the Monthly Report of Recent Economic and Financial Developments at BoJ
- BOJ Fukui: Yen's Rise Hurts Exporters' Competitiveness (Dow Jones)
- Bank of Japan downgrades assessment of economy for March, stresses risks (Thomson Financial News)
- BOJ Leaves Assessment Of Econ Unchanged In March Report (Dow Jones)
Economic Events
| Date (GMT) | Country | Event | Actual | Cons. | Previous | |
| Mar 7 | 05:00 | JP | BoJ Interest Rate Decision (Mar) | 0.5% | 0.5% | 0.5% |
| 06:00 | JP | Bank of Japan Monthly Economic Survey | ||||
| 11:00 | DE | Industrial Production s.a. (MoM) (Jan) | 0.3% | 0.8% | ||
| 11:00 | DE | Industrial Production s.a. w.d.a. (YoY) (Jan) | 4.6% | 4.1% | ||
| 11:00 | EMU | OECD Euro Zone Leading Indicator Index (Jan) | 99.1 | |||
| 12:00 | CA | Net Change in Employment (Feb) | 5K | 46K | ||
| 12:00 | CA | Unemployment Rate (Feb) | 5.9% | 5.8% | ||
| 13:30 | US | Average Hourly Earnings (MoM) (Feb) | 0.3% | 0.2% | ||
| 13:30 | US | Average Hourly Earnings (YoY) (Feb) | 3.7% | 3.7% | ||
| 13:30 | US | Average Weekly Hours (Feb) | 33.7 | 33.7 | ||