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Special Webinars
How to become a professional trader - 10 Power Principles of successful trading systems
Expert: Markus Heitkoetter
Start: Tue, Mar 6, 17:00 GMT
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Type of Session: Webinar
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Expert: Richard Lee
Start: Wed, Mar 7, 15:00 GMT
Sponsored by: 
Type of Session: Webinar
Topics
- US Economic Growth
- Possible Market Impact
Current Session: Europe - U.S.
USD/CHF
Daily Trade Analysis - USDCHF taking retracement by AMZ Capital
USDCHF seems to taking retracement after an extended dip below 1.2150 level. The retracement seems to extend towards 1.2361 level before USDCHF resumes downward trend and make another attempt towards 1.2109 level.
Traders will be currently looking to sell USDCHF on rise towards 1.2361 level initially for dips below 1.2200 level. Break of 1.2361 level will take USDCHF towards 1.2450 level.
- USD/CHF is the biggest thread for USD advance today by Tony Juste
- Check out how the currency moved on Live Currency Rates & Charts at FXstreet.com
- Follow up the most relevant Economic Data in the new Real Time Economic Calendar
- Be up to date with the Latest Forex News
Other Topics for this Session:
US Trading Preview - Euro Mired Beneath 1.32 by Forexnews.com
Daily Forex Currency Outlook - Over Sold USDJPY looking to take a final dip before correcion by ZeeTrade
Global FX Daily - European Edition - JPY still favoured in the short-term by Mellon Foreign Exchange
Majors at a Glance
- EUR/USD
- Trades below 1.3160
3/2/2007 11:39:43 AM - GBP/USD
- Drops below 1.9500
3/2/2007 11:40:18 AM - USD/CHF
- Moves down below 1.2235
3/2/2007 11:41:03 AM - USD/JPY
- Moving down below 117.40
3/2/2007 11:41:45 AM
Analyst Sentiment Index (ASI)
Analysts Sentiment Index - EUR/USD
**Source : CMS Forex, Danske Bank A/S, FXstreet.com, Global Forex Trading Ltd. , KBC Bank, Mizuho Corporate Bank
[ View ASI page ] [ View EUR/USD page ]
Charting the Market Movers
EUR USD, Hourly
GBP USD, Hourly
Top Market Movers Preview
US MICHIGAN CONSUMER SENTIMENT INDEX
| Date (GMT) | Event | Cons. | Previous | |
| Mar 2 | 20:00 | Michigan Consumer Sentiment Index | 94.0 | 93.3 |
Weekly Calendar - Week of February 26th, 2007 thru March 2nd, 2007 by Trade The News
Feb U. of Michigan Confidence (last 93.3). Earnings - Before the Open: HRZ METH. After the Close: None.
[ Full Story ]- Peter Oberois, analyst at India Daily: "In 1929 the market sentiment as well as consumer confidence was high even after initial crash. The margin calls scared the brokers but the main street was still on the ‘high’. Similarly, the almost unchanged confidence level in the University of Michigan data points to the level of complacency not witnessed for more than seventy years." - India Daily
Top Market Movers Review
EMU PRODUCER PRICE INDEX
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Mar 2 | 15:00 | Producer Price Index (YoY) | 2.9% | 3.1% | 4.1% |
| Mar 2 | 15:00 | Producer Price Index (MoM) | 0.1% | 0.3% | 0% |
Euro Zone Producer Prices remain steady in January (FXstreet.com)
Producer prices increased 0’.1% in January in the Euro Zone countries after having remained unchanged during the previous three months, according to data by Eurostat.
[ Full Story ]- Read the Industrial producer prices up by 0.1% in euro area at Eurostat
- Euro-Zone January Producer Prices Data Table (Dow Jones)
- Euro zone Jan PPI up 0.1 pct vs Dec, up 2.9 yr-on-yr (AFX News)
- DATA SNAP: Euro-Zone Jan Producer Prices +0.1% MM, +2.9% YY (Dow Jones)
Economic Events
| Date (GMT) | Country | Event | Actual | Cons. | Previous | |
| Mar 2 | 09:30 | GB | PMI Construction (Jan) | 57.3 | 57.2 | 57.9 |
| 10:00 | EMU | Producer Price Index (MoM) (Jan) | 0.1% | 0.3% | 0% | |
| 10:00 | EMU | Producer Price Index (YoY) (Jan) | 2.9% | 3.1% | 4.1% | |
| 13:30 | CA | Gross Domestic Product (MoM) | 0.4% | 0.3% | 0.2% | |
| 15:00 | US | Michigan Consumer Sentiment Index | 94.0 | 93.3 | ||
| Mar 5 | 15:00 | US | ISM Services (Feb) | 57.5 | 59.0 | |
| Mar 6 | 15:00 | US | Factory Orders (Jan) | -1.8% | 2.4% | |
| Mar 7 | 19:00 | US | Fed's Beige Book | |||
| Mar 8 | 13:30 | US | Initial Jobless Claims (Mar 3) | 332K | ||
| Mar 9 | 13:30 | US | Average Workweek (Feb) | 33.8 | 33.8 | |