Thursday, Apr 03, 07:15 GMT
EUROPEAN Trading Newsletter
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Live Sessions Schedule
How to Get Started Trading Forex
Expert: Steve Primo
Start: Thu, Apr 3, 15:00 GMT
Type of Session: Webinar
Live Look at Today's Markets
Expert: Derek Frey
Start: Thu, Apr 3, 17:00 GMT
Sponsored by: 
Type of Session: Webinar
| Sponsored by | ||||
| Thu, Apr 3, 11:00 GMT | FX Instructor Live Trading Room  | Mark De La Paz | WBN |  |
| Thu, Apr 3, 12:00 GMT | US Pre−Market Open | Ed Ponsi | WBN |  |
| Thu, Apr 3, 15:00 GMT | How to Get Started Trading Forex | Steve Primo | WBN | |
| Thu, Apr 3, 16:00 GMT | The Day Trading Coach − Tips, Tricks and Strategies for Day Traders | Markus Heitkoetter | WBN | |
Current Session: Europe
GBP/USD
Daily Market Commentary − The dollar rallied further on Wednesday against the yen by Global Forex Trading
Sterling/dollar rallied on Wednesday to form a bullish reversal and my model remains barely short. I expect choppy trading with the upside questionable. Initial resistance now comes at 1.9990. Only a break above 1.9965 would signal a further upmove to the peak at 2.0090. Immediate support is seen at 1.9805. The next level is 1.9730. Below 1.9690, there is distant support at 1.9585.
- Main technical theme in the currency market by Jamie Saettele, Technical Currency Analyst FXCM
- Check out how pairs moved: Live Currency Rates & Charts
- Follow up the most relevant Economic Data in the new Real Time Economic Calendar
Banks' Analysis
Forex Trading Strategies − Market still in risk−loving mood ahead of US ISM Non−manufacturing today by Saxo Bank
Currency Performance
Currency Performance Report − Asia Session Performance by FXstreet.com
Currencies at a Glance
- EUR/USD
- Trades around opening price level 1.5612 , below pivot level 1.5655
04/03/2008 06:03 GMT - GBP/USD
- Trades above pivot level 1.9787
04/03/2008 06:03 GMT - USD/CHF
- Trades around opening price level 1.0124 , above pivot level 1.0064
04/03/2008 06:03 GMT - USD/JPY
- Moves up above first resistant level 102.83
04/03/2008 06:03 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 PURCHASING MANAGER INDEX SERVICES
| Date (GMT) | Event | Cons. | Previous | |
| Apr 3 | 08:00 | Purchasing Manager Index Services | 51.7 | 52.3 |
| Apr 3 | 08:00 | Purchasing Manager Index Services | 52.5 | 52.2 |
EMU economic indicators - German industrial new orders will probably have rebounded in February by BHF−Bank
The RBS purchasing managers' indices for the German and the EMU manufacturing sector for March are not likely to have been revised substantially.
[ Full Story ]Top Market Movers Review
US FACTORY ORDERS
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Apr 2 | 14:00 | Factory Orders | -1.3% | 0.6% | -2.3% |
DATA SNAP: US Feb Factory Orders Fall More Than Expected (Dow Jones)
Factory orders fell a second month in a row during February, pointing to weakness in the manufacturing sector as businesses seem to shy from capital spending amid the economic slowdown.
[ Full Story ]- Read the Factory Orders data at Commerce Department
- Factory orders drop double what expected (Thomson Financial News)
- US February factory orders down 1.3 pct, ex−transportation down 1.8 pct (Thomson Financial News)
- US factory orders decline in February for second consecutive month (FXstreet.com)
US ADP EMPLOYMENT CHANGE
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Apr 2 | 12:15 | ADP Employment Change | 8K | -30K | -18K |
ADP Sees March US Private−Sector Jobs +8,000 (Dow Jones)
An employment indicator published Wednesday by payrolls giant Automatic Data Processing Inc. (ADP) and consultancy Macroeconomic Advisers reported an 8,000 increase in U.S. private−sector jobs in March.
[ Full Story ]- Read the Employment data at ADP
- ADP report says US gained 8,000 private jobs in March vs 70,000 loss seen (Thomson Financial News)
- Stock futures jump after report showing surprise gain in private sector jobs (Thomson Financial News)
- US ADP shows an slight increase on employment in March, against expectations (FXstreet.com)
Mid−Day Forex Technical Report − ADP Boost Limited by Dovish Bernanke by ActionForex.com
Economic Events
| Date (GMT) | Country | Event | Actual | Cons. | Previous | |
| Apr 3 | 02:00 | NZ | ANZ Commodity Price (Mar) | 2.0% | 47.2% | 0.9% |
| 08:00 | DE | Purchasing Manager Index Services (Mar) | 52.5 | 52.2 | ||
| 08:00 | EMU | Purchasing Manager Index Services (Mar) | 51.7 | 52.3 | ||
| 08:30 | UK | Purchasing Manager Index Services (Mar) | 53.3 | 54.0 | ||
| 09:00 | EMU | Retail Sales (MoM) (Feb) | 0.2% | 0.4% | ||
| 09:00 | EMU | Retail Sales (YoY) (Feb) | 0.0% | -0.1% | ||
| 12:30 | US | Continuing Jobless Claims (Mar 22) | 2872K | 2845K | ||
| 12:30 | US | Initial Jobless Claims (Mar 29) | 365K | 366K | ||
| 13:30 | EMU | ECB's Trichet Speech | ||||
| 14:00 | US | ISM Non−Manufacturing (Mar) | 48.5 | 49.3 | ||