Tuesday, Apr 01, 11:03 GMT
U.S. Trading Newsletter
To Get Started
- Webinar Videos: Using Fibonacci Retracements To Identify Support And Resistance by John Jagerson
- Check our Brokers/FDMs Table
- FX Trader of the Year 2008 Ranking − Fourth Week
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Live Sessions Schedule
Trading with Autochartist
Expert: Raghee Horner
Start: Tue, Apr 1, 15:00 GMT
Type of Session: Webinar
Day Trading Series − Chapter V: The 10 Power Principles of Successful Trading Strategies
Expert: Markus Heitkoetter
Start: Tue, Apr 1, 16:00 GMT
Sponsored by: 
Type of Session: Webinar
| Sponsored by | ||||
| Tue, Apr 1, 11:00 GMT | FX Instructor Live Trading Room  | Vito Henjoto | WBN |  |
| Tue, Apr 1, 12:00 GMT | US Pre−Market Open | Ed Ponsi | WBN |  |
| Tue, Apr 1, 13:30 GMT | Forex with Ed Ponsi | Ed Ponsi | WBN | |
| Tue, Apr 1, 15:00 GMT | Trading with Autochartist | Raghee Horner | WBN | |
Current Session: Europe − U.S.
EUR/USD
Forex Trading Strategies − USD showing broad strength − how long will it last? by Saxo Bank
Yesterday saw EURUSD essentially completing the "test of top" scenario we favored, coming within 10 pips of the 1.5903 all time high posted two weeks ago. The rejection of the rally attempt yesterday pushed the pair back into the range, giving a possibly bearish short−term outlook, though the low volatility of the move was hardly impressive. A lot more damage needs to be done before we can start calling tops.
- Understanding The Exact Process Behind The Movement In Price by Sam Seiden
- Check out how pairs moved: Live Currency Rates & Charts
- Follow up the most relevant Economic Data in the new Real Time Economic Calendar
Currency Performance
Action Bias Summary Table − Action Bias Summary Table by ActionForex.com
FX Analysts' Comments
This week's Chart Pattern Trading webinar (3/25) by Raghee Horner, Founder of EZ2Trade Software
Majors at a Glance
- EUR/USD
- Moves down below second support level 1.5679
04/01/2008 10:02 GMT - GBP/USD
- Moves down below first support level 1.9772
04/01/2008 10:02 GMT - USD/CHF
- Moves up toward second resistant level 1.0054
04/01/2008 10:02 GMT - USD/JPY
- Moves up toward first resistant level 100.27
04/01/2008 10:02 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 ISM MANUFACTURING
| Date (GMT) | Event | Cons. | Previous | |
| Apr 1 | 14:00 | ISM Manufacturing | 47.5 | 48.3 |
US economic indicators - Both ISM indices will probably show ongoing contraction in March by BHF−Bank
The ISM manufacturing index fell to 48.3 in February, the second reading below 50 in three months. In March, the results of the first two manufacturing indices were not encouraging: the New York Empire manufacturing index declined from –11.7 to –22.2, the lowest level since the introduction of this index in July 2001.
[ Full Story ]Daily Forex Commentary - Macroeconomy: ISM and PMI by Jyske Bank
Weekly Forex Outlook - Heavy data week for the US, with ISM and Non Farm Payrolls by Easy Forex
Top Market Movers Review
EMU UNEMPLOYMENT RATE
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Apr 1 | 09:00 | Unemployment Rate | 7.1% | 7.1% | 7.1% |
DATA SNAP: Euro−Zone Feb Unemployment Rate Stable At 7.1% (Dow Jones)
The euro zone's seasonally adjusted jobless rate held steady at a series low of 7.1% for a second consecutive month in February, with support from a drop in unemployment in Germany, data from the European Union statistics agency Eurostat showed Tuesday.
[ Full Story ]- Euro zone Feb unemployment 7.1 pct, flat vs Jan (Thomson Financial News)
- Euro Zone's unemployment remains unchanged at 7.1% in February (FXstreet.com)
UK PMI MANUFACTURING
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Apr 1 | 08:30 | PMI Manufacturing | 51.3 | 51.0 | 51.3 |
UK CIPS March manufacturing PMI steady at 51.3, price indices jump UPDATE (Thomson Financial News)
The UK's manufacturing sector saw a sharp increase in inflationary pressures in March as output waned, sources said of a key survey.
[ Full Story ]- NTC Economics homepage
- UPDATE: UK March Mfg PMI 51.3 Vs 51.3 In Feb (Dow Jones)
- UK manufacturing PMI remains unchanged in March (FXstreet.com)
- UK March Mfg PMI 51.3 Vs 51.3 In Feb − Sources (Dow Jones)
Economic Events
| Date (GMT) | Country | Event | Actual | Cons. | Previous | |
| Apr 1 | 07:55 | DE | Unemployment Change (Mar) | -55K | -45K | -74K |
| 07:55 | DE | Unemployment Rate s.a. (Mar) | 7.8% | 7.9% | 8.0% | |
| 08:00 | EMU | PMI Manufacturing (Mar) | 52.0 | 52.0 | 52.3 | |
| 08:00 | DE | PMI Manufacturing (Mar) | 55.1 | 54.9 | 54.3 | |
| 08:30 | UK | PMI Manufacturing (Mar) | 51.3 | 51.0 | 51.3 | |
| 09:00 | EMU | Unemployment Rate (Feb) | 7.1% | 7.1% | 7.1% | |
| 14:00 | US | Construction Spending (MoM) (Feb) | -1.0% | -1.7% | ||
| 14:00 | US | ISM Manufacturing (Mar) | 47.5 | 48.3 | ||
| 21:30 | US | ABC Consumer Confidence (Mar 30) | -31 | |||
| Apr 2 | 08:30 | UK | BSA Mortgage approvals s.a (Feb) | 4.3B | ||