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U.S. Trading Newsletter
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Live Sessions Schedule
3−Easy Steps In Placing Stops
Expert: Adam Rosen
Start: Wed, Mar 5, 15:00 GMT
Type of Session: Webinar
SPECIAL EVENT: Trade Non−Farm Payrolls LIVE − 22nd Edition
Expert: Wayne McDonell
Start: Fri, Mar 7, 13:00 GMT
Sponsored by: 
Type of Session: Webinar
| Sponsored by | ||||
| Wed, Mar 5, 14:00 GMT | Main technical theme in the currency market | Jamie Saettele | WBN |  |
| Wed, Mar 5, 15:00 GMT | 3−Easy Steps In Placing Stops | Adam Rosen | WBN |  |
| Wed, Mar 5, 16:00 GMT | Institutional Trading Strategies  | Andrei Pehar | WBN | |
| Wed, Mar 5, 17:00 GMT | Understanding The Exact Process Behind The Movement In Price | Sam Seiden | WBN | |
Current Session: Europe − U.S.
EUR/USD
Daily Technical Strategist − EURUSD: Overbought Condition Weighs On Further Upside Gains by FXTechstrategy
EURUSD−Following a fresh all time high at 1.5274 registered on Monday, the pair was seen consolidating on Tuesday and weakening in early morning trading today. This is coming on the back of an overbought condition currently seen on the daily time frame. In a bid to unwind the said condition, the pair could be seen weakening further towards the 1.5145 level, its 1.272 Fib Ext followed by the 1.5000 level, its psycho level and then the 1.4955/67 zone, its horizontal trendline/ Feb 02'08/2007 highs. This solid support zone looks to halt further slide if seen and turn the pair high again.
Other Topics for this Session:
Daily Analysis − Euro drops from record highs by Finotec Group Inc.
Market Session Recaps − Asia Session by FOREX.com
Daily FX Report − Daily FX Report by Varengold Wertpapierhandelsbank AG
Banks' Analysis
Today's Technical Trading Points by Danske Bank A/S
FX Analysts' Comments
Daily Key Levels by Tony Juste, FX advisor at FXstreet.com
Currency Performance
Action Bias Summary Table − Action Bias Summary Table by ActionForex.com
FX' Signal
Recent Recommended Trades by AceTrader
Majors at a Glance
- EUR/USD
- Trades around first support level 1.5177
03/05/2008 12:03 GMT - GBP/USD
- Moves down towards third support level 1.9738
03/05/2008 10:51 GMT - USD/CHF
- Moves up above pivot level 1.0380
03/05/2008 10:52 GMT - USD/JPY
- Moves up towards first resistant level 103.74
03/05/2008 10:52 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
US NONFARM PRODUCTIVITY
| Date (GMT) | Event | Cons. | Previous | |
| Mar 5 | 13:30 | Nonfarm Productivity | 1.8% | 6.3% |
| Mar 5 | 13:30 | Unit Labor Costs | - | -2% |
OUTLOOK Highlights of US economic indicators to be released in the coming week (Thomson Financial News)
Final Productivity for the fourth quarter is expected to have been 1.8 pct, the same annual rate as in the preliminary report. Final unit labor costs in the fourth quarter are expected to have risen 2.1 pct in the quarter, the same rate of change as in the preliminary report. According to Sal Guatieri of BMO Capital Markets, these numbers are "just a revision, and likely there will be no revision because GDP growth was unrevised" in the fourth quarter.
[ Full Story ]Top Market Movers Review
EMU RETAIL SALES
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Mar 5 | 10:00 | Retail Sales (YoY) | -0.1% | 0.1% | -1.8% |
| Mar 5 | 10:00 | Retail Sales (MoM) | 0.4% | 0.3% | -0.1% |
DATA SNAP: Euro−Zone Retail Sales Rebound In Jan (Dow Jones)
Euro−zone retail sales bounced back in January from a drop the previous month with support from stronger food, drink and tobacco and non−food product sales, data from European Union statistics agency Eurostat showed Wednesday.
[ Full Story ]- Read the report: Volume of retail trade up by 0.4% in euro area at Eurostat
- UPDATE: Euro−Zone Retail Sales Volumes Rebound In Jan (Dow Jones)
- Euro Zone retail sales pick up in January (FXstreet.com)
- EU Retail Sales increase to 0.4% in Jan; 0.1% down on the year (FXstreet.com)
EMU PURCHASING MANAGER INDEX SERVICES
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Mar 5 | 09:00 | Purchasing Manager Index Services | 52.3 | 52.3 | 50.6 |
Euro Zone Services PMI increases to 52.3 in February (FXstreet.com)
Economic activity in the Euro Area's services sector has improved in February, as expected by the analysts, from levels close to contraction in January, as the latest Non−manufacturing PMI report shows.
[ Full Story ]- NTC Economics homepage
- Euro zone Feb services PMI confirmed at 52.3 vs 50.6 in Jan − sources (Thomson Financial News)
- DATA SNAP: Euro−Zone Feb Services PMI 52.3 Vs 50.6 In Jan (Dow Jones)
- EU Purchasing Manager Index Services up to 52.3 in Feb vs 50.6 in Jan (FXstreet.com)
EMU economic indicators - The flash estimate for February is likely to show EMU inflation unchanged at 3.2 % yoy by BHF−Bank
Economic Events
| Date (GMT) | Country | Event | Actual | Cons. | Previous | |
| Mar 5 | 09:30 | UK | Purchasing Manager Index Services (Feb) | 54.0 | 52.0 | 52.5 |
| 10:00 | EMU | Retail Sales (MoM) (Jan) | 0.4% | 0.3% | -0.1% | |
| 10:00 | EMU | Retail Sales (YoY) (Jan) | -0.1% | 0.1% | -1.8% |
|
| 10:30 | UK | BRC Shop Price Index (MoM) (Feb) | 0.4% | -0.5% | ||
| 10:30 | UK | BRC Shop Price Index (YoY) (Feb) | 1.3% | 1.2% | ||
| 12:00 | US | MBA Mortgage Applications (Feb 29) | 3.0% | -19.2% | ||
| 13:15 | US | ADP Employment Change (Feb) | 15K | 130K | ||
| 13:30 | US | Nonfarm Productivity (4Q) | 1.8% | 6.3% | ||
| 13:30 | US | Unit Labor Costs (4Q) | -2% | |||
| 15:00 | US | Factory Orders (Jan) | -2.5% | 2.3% | ||