Tuesday, Apr 03, 11:11 GMT
U.S. Trading Newsletter
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Special Webinars
How to become a professional trader - System Trading vs. Discretionary Trading: Which Is Better?
Expert: Markus Heitkoetter
Start: Tue, Apr 3, 16:00 GMT
Sponsored by: 
Type of Session: Webinar
Figures Made Simple
Expert: Valeria Bednarik
Start: Thu, Apr 5, 14:00 GMT
Sponsored by: 
Type of Session: Webinar
Topics
- Continuation or Change
- Reliability
- How to use them in daily trading
Current Session: Europe - U.S.
USD/JPY
Global FX Daily - U.S. Edition - USD-JPY up as US data fails to disappoint by Mellon Foreign Exchange
The JPY has weakened overnight with most JPY crosses moving higher, although this increasingly turned into independent USD strength as the European morning progressed. USD-JPY retained its gains while the EUR, GBP and even the AUD and the NZD slipped lower against the USD.
- Trade Alert: GBP/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
- Read the comments to the latest market moves at our Forex Forum
Other Topics for this Session:
Quarterly Technical Analysis - Euro consolidated in a ‘flag’ formation by Mizuho Corporate Bank
Global FX Daily - European Edition - JPY weaker, high-yielders advance as US data comforts global markets by Mellon Foreign Exchange
Wakeup Call on Forex Markets - GBP and AUD strong. Stocks edging higher by Saxo Bank
- EUR/USD
- Moves down below today's pivot at 1.3359 on a narrow daily range
04/03/2007 09:33 GMT - GBP/USD
- Drops toward today's pivot at 1.9746
04/03/2007 09:33 GMT - USD/CHF
- Continues to move up above 1.2180 , above first resistant at 1.2177
04/03/2007 09:33 GMT - USD/JPY
- Heading toward third resistant at 118.71
04/03/2007 09:33 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, Saxo Bank
[ View ASI page ] [ View GBP/USD page ]
Charting the Market Movers
EUR USD, Hourly
GBP USD, Hourly
Top Market Movers Preview
Australia RBA RATE DECISION
| Date (GMT) | Event | Cons. | Previous | |
| Apr 3 | 23:30 | RBA Rate Decision | 6.25% | 6.25% |
Daily Forex Technical Report - Dollar Focuses on ISM, Aussie Surges on Rate Speculation by ActionForex.com
Aussie surged to new 10 year high against dollar after stronger than expected retail sales data which rose by 0.9% in Feb, more than double of 0.4% consensus. This is fueling more speculation that RBA will raise rate by 25bps later this week to bring the overnight cash rate to 6.50%.
[ Full Story ]Top Market Movers Review
EMU PRODUCER PRICE INDEX
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Apr 3 | 09:00 | Producer Price Index (YoY) | 2.9% | 2.7% | 2.9% |
| Apr 3 | 09:00 | Producer Price Index (MoM) | 0.3% | 0.3% | 0.2% |
DATA SNAP: Energy Pushes Euro-Zone Producer Prices Higher (Dow Jones)
Price pressures at the euro zone's factory gates picked up in February as energy producers raised their tariffs for the first time since July. Producer prices rose 0.3% on the month and were up 2.9% on February 2006, data from the European Union statistics agency Eurostat showed Tuesday.
[ Full Story ]- Read the Industrial producer prices up by 0.3% in euro area at Eurostat
- Euro Zone Producer Prices increase on energy prices (FXstreet.com)
UK PMI CONSTRUCTION
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Apr 3 | 08:30 | PMI Construction | 58.9 | 57.5 | 57.3 |
UK March construction sector PMI rises to 58.9, highest since Dec 2003 UPDATE (AFX News)
UK construction sector growth jumped to its highest level in over three years in March as new orders rose sharply over the month, the Chartered Institute of Purchasing and Supply said. The headline purchasing managers index rose to 58.9 in March from 57.3 in February, its highest level since December 2003, CIPS said.
[ Full Story ]- Chartered Institute of Purchasing and Supply homepage
- The Advisor Blog: Brief comment on UK data
Economic Events
| Date (GMT) | Country | Event | Actual | Cons. | Previous | |
| Apr 3 | 05:45 | CH | Consumer Price Index (YoY) (Mar) | 0.2% | 0.3% | 0% |
| 08:30 | UK | PMI Construction | 58.9 | 57.5 | 57.3 | |
| 09:00 | EMU | Producer Price Index (MoM) (Feb) | 0.3% | 0.3% | 0.2% |
|
| 09:00 | EMU | Producer Price Index (YoY) (Feb) | 2.9% | 2.7% | 2.9% | |
| 23:01 | UK | Nationwide Consumer Confidence (Mar) | 85 | |||
| 23:30 | AU | RBA Rate Decision | 6.25% | 6.25% | ||
| Apr 4 | 07:55 | DE | Purchasing Manager Index Services (Mar) | 57.4 | 57.2 | |
| 08:00 | EMU | Purchasing Manager Index Services (Mar) | 57.6 | 57.5 | ||
| 08:30 | UK | PMI - Services Index (Mar) | 57.6 | 57.4 | ||
| 09:00 | EMU | Retail Sales (MoM) (Feb) | 0.6% | -1.0% | ||