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Topics
- US Economic Growth
- Possible Market Impact
Current Session: Europe - U.S.
EUR/USD
Daily Outlook - EUR/USD: Long position from1.3130 by Karoll
The idea that the fall started from 1.3258 is impulsive is no more favored after the lack of an acceleration of the fall. This makes me think that the said movement is not impulsive but corrective. The big problem is if this potential correction is over at 1.3071 or we will see one more fall below the said level before its end.
- Read the latest comments on the USD 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:
Forex Daily Analysis - Signs of JPY bottoming? by ForexYard
Global FX Daily - European Edition - Price action suggests a weakening of the JPY today by Mellon Foreign Exchange
Daily Forex Commentary - Central bank Week by Jyske Bank
Majors at a Glance
- EUR/USD
- Continues to trade around 1.3100
03/06/2007 10:04 GMT - GBP/USD
- Trades around 1.9470
03/06/2007 10:06 GMT - USD/CHF
- Continues to trade around 1.2220
03/06/2007 10:07 GMT - USD/JPY
- Trades around 116.40
03/06/2007 10:09 GMT
Analyst Sentiment Index (ASI)
Analysts Sentiment Index - GBP/USD
**Source : CMS Forex, Danske Bank A/S, FXstreet.com, Global Forex Trading Ltd. , Mizuho Corporate Bank
[ View ASI page ] [ View GBP/USD page ]
Charting the Market Movers
EUR USD, Hourly
GBP USD, Hourly
Top Market Movers Preview
US FACTORY ORDERS
| Date (GMT) | Event | Cons. | Previous | |
| Mar 6 | 15:00 | Factory Orders | -1.8% | 2.4% |
Friday Notes - Rolling in money by HVB Group
Durable goods orders plunged 7.8% in January. Non-durables probably showed modest growth. Since non-durables account for less than half the total, the net result will be a drop in overall factory orders that will reverse the Nov-Dec 2006 increases.
[ Full Story ]Top Market Movers Review
EMU RETAIL SALES
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Mar 6 | 10:00 | Retail Sales (YoY) | -0.1% | 1.3% | 2.1% |
| Mar 6 | 10:00 | Retail Sales (MoM) | -1.0% | -0.4% | 0.3% |
European Market Update - Euro-Zone Retail Sales Fall to 19-Month Low by Trade The News
Euro-Zone retail sales fell to their lowest level since April of 2005 during the month of January after Germany implemented its VAT hike. While retail sales were lower, preliminary fourth quarter GDP was in line with expectations at 0.9% q/q, and 3.3% y/y, with y/y growth remaining at a six-year high.
[ Full Story ]- Read the Volume of retail trade down by 0.1% in euro area at Eurostat
- Euro zone Jan retail sales down 1.0 pct vs Dec, down 0.1 pct yr-on-yr (AFX News)
- Euro Zone Jan Retail Sales Table Of Data (Dow Jones)
- DATA SNAP: Euro Zone Retail Sales Dn 1.0% On Mo In January (Dow Jones)
Economic Events
| Date (GMT) | Country | Event | Actual | Cons. | Previous | |
| Mar 6 | 10:00 | EMU | Gross Domestic Product s.a. (QoQ) (4Q)  | 0.9% | 0.9% | 0.6% |
| 10:00 | EMU | Gross Domestic Product s.a. (YoY) (4Q) | 3.3% | 3.3% | 3.3% | |
| 10:00 | EMU | Retail Sales (MoM) (Jan) | -1.0% | -0.4% | 0.3% | |
| 10:00 | EMU | Retail Sales (YoY) (Jan) | -0.1% | 1.3% | 2.1% | |
| 14:00 | CA | Bank of Canada Rate Decision | 4.25% | 4.25% | ||
| 15:00 | US | Factory Orders (Jan) | -1.8% | 2.4% | ||
| Mar 7 | 01:30 | JP | Bank of Japan Deputy Governor Iwata Speaks at Financial Meeting | |||
| 05:00 | JP | Leading Indicator Index (Jan) | 35.0% | 31.8% | ||
| 11:00 | DE | Factory Orders s.a. (MoM) (Jan) | 0.4% | -0.2% | ||
| 11:00 | DE | Factory Orders s.a. (YoY) (Jan) | 6.7% | 1.7% | ||