Wednesday, Apr 04, 10:47 GMT
U.S. Trading Newsletter
To Get Started
- Special Event: Trade Non-Farm Payrolls LIVE - 11th Edition with Wayne McDonell
- Special Webinar: Fundamental and Technical Trading Opportunities with Kathy Lien
- FXstreet.com Managed Accounts Program (MAP) launches its website
- Check out the rest of our newsletters and subscribe now!
Send us your feedback. Post your comments about the new newsletters' format in the Forum.
Special Webinars
Raghee Horner's Morning Forex
Expert: Raghee Horner
Start: Wed, Apr 4, 13:00 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
Live Coverage of ECB Announcement - Live Free-Access Day
Expert: Ed Ponsi
Start: Thu, Apr 12, 11:30 GMT
Sponsored by: 
Type of Session: Webinar
Current Session: Europe - U.S.
EUR/USD
Daily Technical Analysis - EUR: For today expect more work between 1.3280 and 1.3380 by Mizuho Corporate Bank
Consolidating quite happily at these terribly high levels in a small ‘triangle'. For today expect more work between 1.3280 and 1.3380, with a sustained break above March's high at 1.3412 targeting 1.3475 and then the all-time high at 1.3670. Be careful with thinning markets ahead of Easter holidays Thursday through to Monday.
- EUR/USD watch 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:
Currency Majors Technical Analysis by Mataf.net
Daily Forex and Dow Jones Recommended Levels - Fxtechtrade by FXtechtrade
Currency Journal: Yen drops further on rising equities by Performance Capital
- EUR/USD
- Trades around 1.3350 , above today's pivot at 1.3342
04/04/2007 09:48 GMT - GBP/USD
- Trades around 1.9750 , below today's pivot at 1.9763
04/04/2007 09:48 GMT - USD/CHF
- Trades around today's pivot at 1.2199
04/04/2007 09:48 GMT - USD/JPY
- Trades around 118.80 , above today's pivot at 118.54
04/04/2007 09:48 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
US ADP EMPLOYMENT CHANGE
| Date (GMT) | Event | Cons. | Previous | |
| Apr 4 | 12:15 | ADP Employment Change | 128K | 57K |
Forex Daily Analysis - US ADP is due to be out today and will send us a hint for the upcoming Non-farm Payrolls report at Friday by ForexYard
There are two major news events expected today in the US Market, the ADP Non-farm Employment Change and the ISM Non manufacturing index. The ADP Index is considered to be the best forecasting tool for the Non-farm Payrolls as it measures the exact same sector of the Non-farm employment change.
[ Full Story ]US ISM NON-MANUFACTURING
| Date (GMT) | Event | Cons. | Previous | |
| Apr 4 | 14:00 | ISM Non-Manufacturing | 55.0 | 54.3 |
Daily Forex Technical Report - Dollar Recovers ahead of ISM Non-Manufacturing and ADP Employment by ActionForex.com
Dollar recovers mildly against euro and sterling and remains strong against swissy and yen ahead of a busy day. ISM non-manufacturing index will be featured which is expected to rise slightly from 54.3 to 55 in Mar.
[ Full Story ]Top Market Movers Review
Germany FACTORY ORDERS S.A.
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Apr 4 | 10:00 | Factory Orders n.s.a. (YoY) | 9.3% | 6.0% | 8.2% |
| Apr 4 | 10:00 | Factory Orders s.a. (MoM) | 3.9% | 0.6% | -1.0% |
DATA SNAP: German Feb Manufacturing Orders Surge 3.9% On Mo (Dow Jones)
German manufacturing orders surged in February, spurred by foreign demand for capital goods, data from the Economics Ministry showed Wednesday. The volume of new orders rose 3.9% on the month, on a seasonally adjusted basis - well above economists' forecasts of a 0.5% gain.
[ Full Story ]- Germany Economics Ministry homepage
- German Feb manufacturing orders up 3.9 pct vs Jan, more than expected (AFX News)
- German Feb Manufacturing Orders Data Table (Dow Jones)
- German Factory Orders soar in February (FXstreet.com)
UK PMI - SERVICES INDEX
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Apr 4 | 08:30 | PMI - Services Index | 57.6 | 57.6 | 57.4 |
UK March services PMI rises to 57.6 from 57.4 in Feb - sources (AFX News)
The UK's services sector, which makes up around 74 pct of the country's GDP, saw growth edge up slightly in March, sources said of a key survey. The headline services purchasing managers' index from the Chartered Institute of Purchasing and Supply, which measures activity in the sector, rose to 57.6 in March from 57.4 in February, in line with analysts' expectations.
[ Full Story ]- UPDATE: UK March Services PMI 57.6 Vs 57.4 In Feb - Sources (Dow Jones)
- UK services PMI rises unexpectedly in March (FXstreet.com)
- UK March Services PMI 57.6 Vs 57.4 In Feb - Sources (Dow Jones)
EMU PURCHASING MANAGER INDEX SERVICES
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Apr 4 | 08:00 | Purchasing Manager Index Services | 57.4 | 57.6 | 57.5 |
European Market Update - European Services PMI Data Indicates Renewed Expansion by Trade The News
European services PMI figures were mixed during the month of March. Italian PMI and Euro-Zone fell below estimates, while French and German PMI figures exceeded estimates.
[ Full Story ]Economic Events
| Date (GMT) | Country | Event | Actual | Cons. | Previous | |
| Apr 4 | 09:00 | EMU | Retail Sales (MoM) (Feb) | 0.3% | 0.6% | -0.8% |
| 09:00 | EMU | Retail Sales (YoY) (Feb) | 1.2% | 1.1% | 1.1% |
|
| 10:00 | DE | Factory Orders n.s.a. (YoY) (Feb) | 9.3% | 6.0% | 8.2% |
|
| 10:00 | DE | Factory Orders s.a. (MoM) (Feb) | 3.9% | 0.6% | -1.0% |
|
| 12:15 | US | ADP Employment Change (Mar) | 128K | 57K | ||
| 14:00 | US | Factory Orders (Feb) | 2.2% | -5.6% | ||
| 14:00 | US | ISM Non-Manufacturing (Mar) | 55.0 | 54.3 | ||
| Apr 5 | 08:30 | UK | Industrial Production (MoM) (Feb) | 0.2% | 0.1% | |
| 08:30 | UK | Industrial Production (YoY) (Feb) | 0.7% | 0.4% | ||
| 10:00 | DE | Industrial Production s.a. (MoM) (Feb) | -0.5% | 1.9% | ||