Friday, Mar 07, 12:06 GMT
U.S. Trading Newsletter
To Get Started
- Webinars VIDEOS: Mapping The News by John Jagerson
- Continue to discuss the BoE and BCE Interest Rates reports
- Check all the information you may need about Futures Markets
- Clocks Change: Spring Forward - Don't get lost!
- FX Trader of the year 2008: Last call for the Trading contest. Register until March, 17th
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Live Sessions Schedule
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 | ||||
| Fri, Mar 7, 13:00 GMT | SPECIAL EVENT: Trade Non−Farm Payrolls LIVE − 22nd Edition | Wayne McDonell | WBN | |
| Mon, Mar 10, 09:00 GMT | FX Instructor Live Trading Room  | Mihai Marinescu | WBN |  |
| Mon, Mar 10, 11:00 GMT | Weekly Webinar: 1st on Forex − The Week Ahead | Jerry Furst | WBN |  |
| Mon, Mar 10, 14:00 GMT | Derek Frey's Outlook | Derek Frey | WBN |  |
Current Session: Europe − U.S.
EUR/USD
FX Advisor's Blog − At the Open. Extra push by FXstreet.com
New record high in EUR/USD @ 1.5429, which coincided exactly with today's extreme OB level on a daily basis (1.5429) and the 50% Fibo Fan dynamic resistance line of an old calculation period. I think this is a very important thing to consider, and honestly, you don't have any reason now to trust the long−USD view I've been expressing here for a while, but I think we are near a turning point. 1.54−1.56 is what 'sound' analysts consider the level from where a pause in this mega−uptrend could be seen.
Other Topics for this Session:
Daily FX Report − EUR/USD hits new record high at 1,5396 yesterday by Varengold Wertpapierhandelsbank AG
Daily Analysis − Dollars falls as ECB leave rates unchanged by Finotec Group Inc.
Daily Forex News − Dollar slide to record lows against Euro and Swiss franc as ECB is not seen cutting rate anytime soon by ACM − Advanced Currency Markets
Bank's Analysis
Today's Technical Trading Points by Danske Bank A/S
Currency Performance
Action Bias Summary Table − Action Bias Summary Table by ActionForex.com
FX Analysts' Comments
This week's Chart Pattern Trading webinar by Raghee Horner, Founder of EZ2Trade Software
Daily Key Levels by Tony Juste, FX Advisor at FXstreet.com
FX' Signal
Recent Recommended Trades by AceTrader
Majors at a Glance
- EUR/USD
- Trades around first resistant level 1.5428
03/07/2008 12:03 GMT - GBP/USD
- Trades slightly below first resistant level 2.0174
03/07/2008 12:03 GMT - USD/CHF
- Moves down below opening price level 1.0229 , below pivot level 1.0273
03/07/2008 12:03 GMT - USD/JPY
- Continues to move down below first support level 102.14
03/07/2008 12:04 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 PAYROLLS
| Date (GMT) | Event | Cons. | Previous | |
| Mar 7 | 13:30 | Nonfarm Payrolls | 30K | -17K |
Weekly Market View - Keep your eyes open for the central banks' interest rate decisions and the big Non−Farm Payrolls by FXstreet.com
In the US, the Unemployment Rate ( Previous 4.9% ), Non−Farm Payrolls (the NFP. Previous −17K ), the Average Hourly Earnings ( Previous 0.2% ) and the Average Weekly Earning are the events to watch, especially the "Non−Farm payrolls (NFP)", which is expected to have a big impact on the USD against the other majors.
[ Full Story ]- Ahead of the Bell: Unemployment Rate (Thomson Financial News)
- Investors eye jobs report this week (Thomson Financial News)
Daily Forex Outlook - XAU and Oil at record highs, Non Farm Payrolls due for release by Easy Forex
Weekly Analysis - Non−farm payrolls will set the tone for the weak dollar by Finotec Group Inc.
Top Market Movers Review
Germany INDUSTRIAL PRODUCTION S.A.
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Mar 7 | 11:00 | Industrial Production s.a. (MoM) | 1.8% | 0.3% | 1.5% |
| Mar 7 | 11:00 | Industrial Production s.a. w.d.a. (YoY) | 6.9% | 4.6% | 4.9% |
UPDATE: German Jan Indus Output Adj +1.8% MM, +6.9% YY (Dow Jones)
German industrial production growth was faster than expected in January, up 1.8% on the month on a seasonally adjusted basis from an upwardly revised 1.5% increase in December, data from the Federal Economics Ministry showed Friday.
[ Full Story ]- Read the Industrial Production data at BMWi [text in German]
- German Jan industrial output up 1.8 pct from Dec; consensus up 0.2 pct (Thomson Financial News)
- German industrial production increased sharper than expected in January (FXstreet.com)
- German Industrial Production increases 1.8% in Jan; 6.9% up year−on−year (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 7 | 06:00 | JP | Bank of Japan Monthly Economic Survey | |||
| 11:00 | DE | Industrial Production s.a. (MoM) (Jan) | 1.8% | 0.3% | 1.5% |
|
| 11:00 | DE | Industrial Production s.a. w.d.a. (YoY) (Jan) | 6.9% | 4.6% | 4.9% |
|
| 11:00 | EMU | OECD Euro Zone Leading Indicator Index (Jan) | 98.9 | 99.1 | ||
| 12:00 | CA | Net Change in Employment (Feb) | 43 | 5K | 46K | |
| 12:00 | CA | Unemployment Rate (Feb) | 5.8% | 5.9% | 5.8% | |
| 13:30 | US | Average Hourly Earnings (MoM) (Feb) | 0.3% | 0.2% | ||
| 13:30 | US | Average Hourly Earnings (YoY) (Feb) | 3.7% | 3.7% | ||
| 13:30 | US | Average Weekly Hours (Feb) | 33.7 | 33.7 | ||
| 13:30 | US | Fed's Mishkin speech | ||||