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Live Sessions Schedule
How to Get Started Trading Forex
Expert: Steve Primo
Start: Thu, Mar 6, 16:00 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 | ||||
| Thu, Mar 6, 14:00 GMT | Entering and Exiting Your Trades  | S. Wade Hansen | WBN |  |
| Thu, Mar 6, 14:30 GMT | Weekly Technical Briefing | Dan Blystone | WBN |  |
| Thu, Mar 6, 15:00 GMT | Tracking the forex market together / Part II | Dr.S.Sivaraman | WBN | |
| Thu, Mar 6, 16:00 GMT | How to Get Started Trading Forex | Steve Primo | WBN | |
Current Session: Europe − U.S.
EUR/USD
Daily Forex News − Dollar dropped to new low records against Euro by ACM − Advanced Currency Markets
The Dollar resumed its slide and fell to record lows against the Euro on Wednesday amid growing pessimism over the US economy.
EurUsd Euro posted a new all−time high 1.5302 yesterday. Medium term trading range is still 1.4500 – 1.5302. Initial support hold 1.5144 Friday low. Psychological 1.5000 level marks strong support before 1.4500 pivot point. Initial resistance hold 1.5302 yesterday high.
Other Topics for this Session:
Daily FX Report − Daily FX Report by Varengold Wertpapierhandelsbank AG
Daily Forex Technical Report − Euro at Record Highs ahead of ECB, BOE by http://www.fxstreet.com/technical/analysis−reports/daily−forex−technical−report/2008−03−06.html
Banks' Analysis
Daily Technical Analysis − EUR: Attempt small longs on a dip to 1.5265, adding to 1.5200 by Mizuho Corporate Bank
Forex Trading Strategies − USD probes new lows ahead of ECB and BOE interest rate decisions today by Saxo Bank
FX Analysts' Comments
New products = new opportunities by by John Jagerson and S. Wade Hansen, from Profiting With Forex
USD/CHF spikes below 1.03 by Tony Juste, FX advisor at FXstreet.com
Currency Performance
Action Bias Summary Table − Action Bias Summary Table by ActionForex.com
FX' Signal
Daily Scalping Tip − Daily Scalping Tip by PipsandTips.com
Majors at a Glance
- EUR/USD
- Moves up above first resistant level 1.5328
03/06/2008 12:14 GMT - GBP/USD
- Moves up towards first resistant level 2.0017
03/06/2008 12:14 GMT - USD/CHF
- Moves down towards second support level 1.0282
03/06/2008 12:14 GMT - USD/JPY
- Moves down below first support level 103.45
03/06/2008 12:14 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
EMU ECB INTEREST RATE DECISION
| Date (GMT) | Event | Cons. | Previous | |
| Mar 6 | 12:45 | ECB Interest Rate Decision | 4% | 4% |
Central Banks: ECB and BoE - Preview of Mar 6 meeting by FXstreet.com
Both banks are seen as holding rates at 4% for ECB and 5.25% for BoE. The ECB will remain roughly neutral with a wait and see approach on Thursday. The ECB remains caught in a balancing act between dwindling growth prospects with downside risks and high inflation with upside risks, and fears of second−round effects.
- European govt bonds higher on credit worries, ECB rate decision in focus (Thomson Financial News)
- France's Lagarde says ECB has 'slightly modified its position' (Thomson Financial News)
Daily Forex Technical Report − Euro at Record Highs ahead of ECB, BOE by ActionForex.com
Flash Comment - ECB: Preview of meeting on 6 March by Danske Bank A/S
Top Market Movers Review
UK BOE INTEREST RATE DECISION
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Mar 6 | 12:00 | BoE Interest Rate Decision | 5.25% | 5.25% | 5.25% |
UPDATE: Bank Of England Holds U.K. Rates Steady (Dow Jones)
The Bank of England stood pat Thursday, holding its key lending rate at 5.25% after cutting by a quarter of a percentage point in February. The decision was no surprise.
[ Full Story ]- Read the report: Bank Rate maintained at 5.25% at BoE
- Bank of England keeps interest rates unchanged at 5.25 pct (Thomson Financial News)
- The Bank of England leaves its Bank rate at 5.25% (FXstreet.com)
- The BoE leaves its Bank Rate on hold at 5.25% in Mar (FXstreet.com)
Central Banks: ECB and BoE - Preview of Mar 6 meeting by FXstreet.com
Daily Forex Technical Report − Euro at Record Highs ahead of ECB, BOE by ActionForex.com
Daily Market Briefing - Interest Rates: Where are they Headed? by FXCM
Germany FACTORY ORDERS S.A.
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Mar 6 | 11:00 | Factory Orders s.a. (MoM) | -1.5% | -0.4% | -1.1% |
| Mar 6 | 11:00 | Factory Orders n.s.a. (YoY) | 9.5% | 9.9% | 6.2% |
DATA SNAP: German Jan Mfg Orders Adj −1.5% MM;Unadj +9.5% YY (Dow Jones)
German manufacturing orders fell 1.5% on the month in January on a seasonally−adjusted basis because of a decline in domestic demand and fewer orders for capital goods, data released by the German Economics Ministry showed Thursday.
[ Full Story ]- Read the Factory Orders data at BMWi [text in Germany]
- German manufacturing orders drop sharper than expected in January (FXstreet.com)
- German Jan manufacturing orders down 1.5 pct vs Dec; consensus down 0.3 pct (Thomson Financial News)
- Germany Factory Orders s.a. drop 1.5% in Jan; 9.5% up year−on−year (FXstreet.com)
Friday Notes - Inflation – A major headache for the ECB by HVB Group
UK HALIFAX HOUSE PRICES
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Mar 6 | 08:00 | Halifax House Prices (YoY) | 4.2% | - | 4.5% |
| Mar 6 | 08:00 | Halifax House Prices (MoM) | -0.3% | - | 0.0% |
UK Feb house prices down 0.3 pct vs Jan, up 4.2 pct yr−on−yr − Halifax UPDATE (Thomson Financial News)
UK house prices fell on a monthly basis in February, the latest sign the property market is coming off the boil, the country's leading mortgage lender said.
[ Full Story ]- Read the House Price Index data at Halifax
- UPDATE: UK Halifax Feb House Prices −0.3% On Mo, +4.2% On Yr (Dow Jones)
- DATA SNAP: UK Halifax Feb House Prices −0.3% On Mo, +4.2% YY (Dow Jones)
- UK Feb house prices down 0.3 pct vs Jan, up 4.2 pct yr−on−yr − Halifax (Thomson Financial News)
Economic Events
| Date (GMT) | Country | Event | Actual | Cons. | Previous | |
| Mar 6 | 06:45 | CH | Unemployment Rate (Feb) | 2.7% | 2.8% | 2.8% |
| 08:00 | UK | Halifax House Prices (MoM) (Feb) | -0.3% | 0.0% | ||
| 08:00 | UK | Halifax House Prices (YoY) | 4.2% | 4.5% | ||
| 11:00 | DE | Factory Orders n.s.a. (YoY) (Jan) | 9.5% | 9.9% | 6.2% |
|
| 11:00 | DE | Factory Orders s.a. (MoM) (Jan) | -1.5% | -0.4% | -1.1% |
|
| 12:00 | UK | BoE Interest Rate Decision (Mar) | 5.25% | 5.25% | 5.25% | |
| 12:45 | EMU | ECB Interest Rate Decision (Mar) | 4% | 4% | ||
| 13:30 | CA | Building Permits (MoM) (Jan) | 0.7% | 0.4% | ||
| 13:30 | US | Continuing Jobless Claims (Feb 23) | 2805K | 2807K | ||
| 13:30 | EMU | ECB's Trichet Speech | ||||