Tuesday, Mar 04, 12:08 GMT
U.S. Trading Newsletter
To Get Started
- Webinars VIDEOS: Mapping The News by John Jagerson
- Check all information about Metals and Financial Quotes
- Currency Performance Report: Asia, Europe and US
- Trendex: Instant Trading Tips from FX Pros right to your desktop
- New currencies pairs: Check the MXN currency on Tradable Rates, Live Charts Window and Multiple Currency Charts
Note that our messages might be blocked by anti-spam filters so please add newsletter@fxstreet.com or our domain (fxstreet.com) to your address book.
Live Sessions Schedule
Technical Analysis Bootcamp: The indicators you need to know and how to interpret them
Expert: Dan Blystone
Start: Tue, Mar 4, 15:00 GMT
Type of Session: Webinar
Day Trading Series − Chapter IV: Developing a Profitable Trading Strategy (Part 2)
Expert: Markus Heitkoetter
Start: Tue, Mar 4, 17:00 GMT
Sponsored by: 
Type of Session: Webinar
| Sponsored by | ||||
| Tue, Mar 4, 15:00 GMT | Technical Analysis Bootcamp: The indicators you need to know and how to interpret them | Dan Blystone | WBN |  |
| Tue, Mar 4, 16:00 GMT | Trading with Autochartist | Raghee Horner | WBN | |
| Tue, Mar 4, 17:00 GMT | Day Trading Series − Chapter IV: Developing a Profitable Trading Strategy (Part 2) | Markus Heitkoetter | WBN | |
| Tue, Mar 4, 18:00 GMT | Live Look at Today's Markets  | Derek Frey | WBN |  |
Current Session: Europe − U.S.
EUR/USD
Daily Technical Strategist − EURUSD: Increases Its Upside Gains, MT Trend Remains To The Upside by FXTechstrategy
EURUSD−A fresh all time high was registered on Monday taking the pair to as high as 1.5274 levels before backing off to close the session at 1.5206.This action now leaves the 1.5372 level, marking its 1.618 Fib Ext vulnerable in the days ahead followed by the 1.5400 level, its psycho resistance level. Taking out the two levels should see the pair head even higher targeting the 1.5500 level, its psycho resistance.
- Price Patterns by S. Wade Hansen, Founder Profiting With Forex
- Check out how pairs moved: Live Currency Rates & Charts
- Follow up the most relevant Economic Data in the new Real Time Economic Calendar
FX Charts Strategy − FX Charts Strategy by CMC Markets
Majors at a Glance
- EUR/USD
- Moves up above pivot level 1.5212
03/04/2008 12:06 GMT - GBP/USD
- Stays around pivot level 1.9861
03/04/2008 12:06 GMT - USD/CHF
- Moves down towards first support level 1.0334
03/04/2008 12:06 GMT - USD/JPY
- Trades around pivot level 103.26
03/04/2008 11:41 GMT
Analyst Sentiment Index (ASI)
Analysts Sentiment Index - EUR/USD
**Source : ActionForex.com, CMS Forex, Danske Bank A/S, FXstreet.com, Global Forex Trading, Mizuho Corporate Bank
[ View ASI page ] [ View EUR/USD page ]
Charting the Market Movers
EUR USD, Hourly
GBP USD, Hourly
Top Market Movers Preview
Canada BOC INTEREST RATE ANNOUNCEMENT
| Date (GMT) | Event | Cons. | Previous | |
| Mar 4 | 14:00 | BoC Interest Rate Announcement | 3.75% | 4.00% |
Daily Forex Technical Report − Aussie Retreats after RBA Hike; BOC Cut Expected by ActionForex.com
Bank of Canada is also scheduled to announce rate decision today. A rate cut is widely expected from the markets after BoC downgraded the forecasts for 2008 GDP growth and inflation in its Monetary Policy Report Update in Jan.
[ Full Story ]Top Market Movers Review
EMU GROSS DOMESTIC PRODUCT S.A.
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Mar 4 | 10:00 | Gross Domestic Product s.a. (YoY) | 2.2% | 2.3% | 2.6% |
| Mar 4 | 10:00 | Gross Domestic Product s.a. (QoQ) | 0.4% | 0.4% | 0.7% |
DATA SNAP: Euro−Zone Consumer, Govt Spending Fell In 4Q (Dow Jones)
Economic growth in the euro zone slowed in the final three months of 2007 as consumer and government spending fell.
[ Full Story ]- Read the report: Euro area GDP up by 0.4% and EU27 up by 0.5% at Eurostat
- Euro Zone GDP estimated to have risen 0.4% in the 4Q (FXstreet.com)
- Euro zone Q4 GDP up 0.4 pct from Q3, unchanged vs provisional (Thomson Financial News)
- EU Gross Domestic Product s.a. 0.4% up in the 4Q; year−on−year revised to 2.2% (FXstreet.com)
EMU economic indicators - The flash estimate for February is likely to show EMU inflation unchanged at 3.2 % yoy by BHF−Bank
EMU PRODUCER PRICE INDEX
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Mar 4 | 10:00 | Producer Price Index (MoM) | 0.8% | 0.8% | 0.1% |
| Mar 4 | 10:00 | Producer Price Index (YoY) | 4.9% | 4.9% | 4.3% |
DATA SNAP: Euro−Zone Jan Annual PPI Posts 17−Month High (Dow Jones)
Prices of goods leaving the euro zone's factory gates posted their strongest rise on the year for 17 months in January, fueled by a double−digit rise in energy prices, data from the European Union's statistics agency, Eurostat, showed Tuesday.
[ Full Story ]- Read the report: Industrial producer prices up by 0.8% in euro area at Eurostat
- UPDATE: Euro−Zone Annual PPI Hits 17−Month High In Jan (Dow Jones)
- European government bonds remain lower after PPI figures (Thomson Financial News)
- Euro zone Jan PPI up 0.8 pct vs Dec; up 4.9 pct year−on−year (Thomson Financial News)
Economic Events
| Date (GMT) | Country | Event | Actual | Cons. | Previous | |
| Mar 4 | 06:45 | CH | Gross Domestic Product s.a. (QoQ) (4Q)  | 1.0% | 0.9% | |
| 10:00 | EMU | Gross Domestic Product s.a. (QoQ) (4Q) | 0.4% | 0.4% | 0.7% | |
| 10:00 | EMU | Gross Domestic Product s.a. (YoY) (4Q) | 2.2% | 2.3% | 2.6% | |
| 10:00 | EMU | Producer Price Index (MoM) (Jan) | 0.8% | 0.8% | 0.1% | |
| 10:00 | EMU | Producer Price Index (YoY) (Jan) | 4.9% | 4.9% | 4.3% | |
| 11:00 | UK | CIPS PMI Construction (Feb) | 52.4 | 53.9 | ||
| 14:00 | CA | BoC Interest Rate Announcement (Mar) | 3.75% | 4.00% | ||
| 14:00 | US | Fed's Bernanke Speech | ||||
| 22:00 | US | ABC Consumer Confidence (Mar 2) | -37 | |||
| Mar 5 | 00:01 | UK | Nationwide Consumer Confidence (Feb) | 81 | ||