Tuesday, Mar 03, 08:41 GMT
EUROPEAN Trading Newsletter
To Get Started
- Webinar Videos: Hedging with Options in Today's Forex by John Jagerson
- All the events of the day in our Economic Calendar
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Forex Blogs
Forex Trading Today: AUD/USD Surfs its Way through Despite RBA Hold by Tim Salem
The Reserve Bank of Australia maintains and holds Interest Rates at 3.25%…while looking to the next Meeting for potential action. The overall Economy of Australia remains a bit "resilient" considering the slightly better−than−expected Data Points of the last couple of days… as the Consensus for a substantial Rate Cut began to diminish.
FX Path: AUD/USD - Weighing Heavily on Support by James Chen
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Live Sessions Schedule
Eyes on the Yen – CADJPY & GBPJPY Weekly Review
Expert: Mihai Marinescu
Start: Tue, Mar 3, 10:00 GMT
Type of Session: Webinar
Multi−time frames for entry and exit signals in Forex
Expert: Peter Leonidou
Start: Tue, Mar 3, 14:00 GMT
Type of Session: Webinar
| Sponsored by | ||||
| Tue, Mar 3, 10:00 GMT | Eyes on the Yen – CADJPY & GBPJPY Weekly Review | Mihai Marinescu | WBN |  |
| Tue, Mar 3, 12:00 GMT | FX Instructor Live Trading Room  | Mark De La Paz | WBN |  |
| Tue, Mar 3, 14:00 GMT | Multi−time frames for entry and exit signals in Forex | Peter Leonidou | WBN | |
| Tue, Mar 3, 15:00 GMT | The Weather Report: Ichimoku Cloud Trading | Chris Capre | WBN | |
Current Session: Europe
AUD/USD: The Aussie rebounds strongly; 0.6450 on focus
FXstreet.com − The AUD/USD has been one of the major movers on Asian session, the pair has rallied almost 200 pips after the Reserve Bank of Australia decided to maintain rates unchanged at 3.25%.
The Australian Dollar has jumped from a session low at 0.6285 to a the current 0.6430, and the pair is on its way to test Feb 25 low at 0.6450.
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Forex Analysis on Majors − Possibility of attainment 1.4180/1.4220 resistance levels by Forex Ltd
Hence and considering current bullish development cycle we assume the possibility of attainment 1.4180/1.4220 resistance levels, where it is recommended to evaluate activity development of both parties according to the charts of shorter time interval.
Market Session Recaps − Dollar lost some ground against the Euro and Pound by FOREX.com
Dollar lost some ground against the Euro, and Pound. EUR/USD blasted off from 1.2538 and didn't look back until it hit a 1.2675 high.
Analyst Sentiment Index (ASI)
Analysts Sentiment Index - EUR/USD
**Source : ActionForex.com, CMS Forex, Danske Bank A/S, FXstreet.com, i-knowindices.com, Mizuho Corporate Bank, MolFX - Management
[ View ASI page ] [ View EUR/USD page ]
Charting the Market Movers
USD JPY, Hourly
GBP USD, Hourly
Top Market Movers Preview
Canada BOC INTEREST RATE DECISION
| Date (GMT) | Event | Cons. | Previous | |
| Mar 3 | 14:00 | BoC Interest Rate Decision | 0.5% | 1.0% |
Trading News Report - The BoC is widely expected to lower the benchmark interest in September by FXCM
Accordingly, the Bank of Canada is widely expected to lower the benchmark interest rate by another 25bp to 0.75% next week, which would be the lowest level since 1958, as the economy heads into its first recession in over a decade, and the central bank may adopt unconventional measures such as quantitative easing to manage monetary policy going forward as borrowing costs get pushed closer to zero.
[ Full Story ]Forex Trading Strategies - RBA keeps rates unchanged; Over to you Canada........ by Saxo Bank
Top Market Movers Review
Australia RBA INTEREST RATE DECISION
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Mar 3 | 03:30 | RBA Interest Rate Decision | 3.25% | 3.00% | 3.25% |
Forex Trading Strategies - RBA keeps rates unchanged; Over to you Canada........ by Saxo Bank
The first of the central bank meetings this week provided a mild surprise for the market. The RBA decided to leave interest rates unchanged at 3.25%, relying on the recent spate of easing and fiscal stimulus to provide support for the economy. The RBA highlighted in the immediate post−announcement headlines that mortgage rates were at very low levels and that monetary policy was appropriate.
[ Full Story ]- Read the Rate data at Reserve Bank of Australia
- RBA Cash Rate Unchanged (FXstreet.com)
Trading News Report - AUD/USD: Trading the Reserve Bank of Australia Interest Rate Decision by FXCM
Asia Market Update - Australia's Private Credit Recovers as Markets Eye RBA by TradeTheNews.com
Economic Events
| Date (GMT) | Country | Event | Actual | Cons. | Previous | |
| Mar 3 | 00:30 | AU | Current Account Balance (4Q) | -6.50B | -7.35B | -9.70B |
| 03:30 | AU | RBA Interest Rate Decision | 3.25% | 3.00% | 3.25% | |
| 06:45 | CH | Gross Domestic Product (YoY) (4Q) | -0.6% | -0.1% | 1.6% | |
| 06:45 | CH | Gross Domestic Product s.a. (QoQ) (4Q) | -0.3% | -0.8% | 0.0% | |
| 09:30 | UK | PMI Construction (Feb) | 34.2 | 34.5 | ||
| 14:00 | CA | BoC Interest Rate Decision | 0.5% | 1.0% | ||
| 15:00 | US | Pending Home Sales (MoM) (Jan) | -3.0% | 6.3% | ||
| 22:00 | US | ABC/Washington Post Consumer Confidence (Mar 1) | -47 | -48 | ||
| Mar 4 | 00:01 | UK | Nationwide Consumer Confidence (Feb) | 38 | 40 | |
| 00:30 | AU | Gross Domestic Product (QoQ) (4Q) | -0.1% | 0.1% | ||