Wednesday, Apr 02, 11:03 GMT
U.S. Trading Newsletter
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Live Sessions Schedule
Main technical theme in the currency market
Expert: Jamie Saettele
Start: Wed, Apr 2, 13:00 GMT
Sponsored by: 
Type of Session: Webinar
Trend Trading − Part 1: Elements of Trend Trading in FX and Futures Markets
Expert: Don Wilcox
Start: Wed, Apr 2, 16:00 GMT
Sponsored by: 
Type of Session: Webinar
Topics
− Confirmation techniques to verify trend developments
− Forecasting potential retracement levels
− Look at various technical trend indicators
| Sponsored by | ||||
| Wed, Apr 2, 11:00 GMT | Central Bank Review | Adam Rosen | WBN |  |
| Wed, Apr 2, 13:00 GMT | Main technical theme in the currency market | Jamie Saettele | WBN | |
| Wed, Apr 2, 15:00 GMT | Institutional Trading Strategies  | Andrei Pehar | WBN | |
| Wed, Apr 2, 16:00 GMT | Trend Trading − Part 1: Elements of Trend Trading in FX and Futures Markets | Don Wilcox | WBN | |
Current Session: Europe − U.S.
GBP/USD
Forex Market Outlook on Majors − Cable rises against the Dollar by AceTrader
As cable has risen after finding renewed buying around 1.9790, retaining nr term bullishness for nr term erratic rise fm 1.9728 (y'day's low) to re− trace recent decline to extend to 1.9840/45, how− ever, reckon 1.9875 res wud hold. Trade fm long side with stop as indicated, only below said sup wud risk 1.9748...
- Main technical theme in the currency market by Jamie Saettele, Technical Currency Analyst FXCM
- Check out how pairs moved: Live Currency Rates & Charts
- Follow up the most relevant Economic Data in the new Real Time Economic Calendar
FX Analysts' Comments
Market rumour in EUR/GBP by Tony Juste, FX Advisor at FXstreet.com
FX' Signal
Spot Forex Trades − 12pips CADJPY Mission Accomplished by ForexSurvivor
Majors at a Glance
- EUR/USD
- Trades below opening price level 1.5612 , below pivot level 1.5655
04/02/2008 10:03 GMT - GBP/USD
- Trades around pivot level 1.9787
04/02/2008 10:03 GMT - USD/CHF
- Trades around opening price level 1.0124 , above pivot level 1.0064
04/02/2008 10:03 GMT - USD/JPY
- Trades around opening price level 101.86 , above pivot level 101.21
04/02/2008 10:03 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 FED'S BERNANKE SPEECH
| Date (GMT) | Event | Cons. | Previous | |
| Apr 2 | 13:30 | Fed's Bernanke Speech | - | - |
European and US summary - US Data, Bernanke to dictate FX by Forexnews.com
US economic data will be the primary focus among currency traders this week as soft fundamentals continue to undermine the dollar. The key highlights include the March manufacturing and services ISM, February factory orders, and the March labor report. Markets will also closely focus on comments from Fed Chairman Bernanke when he testifies before the congressional Joint Economic Committee on Wednesday.
[ Full Story ]- Forex − Dollar steady in afternoon trade ahead of Bernanke testimony, jobs data (Thomson Financial News)
Daily Forex Technical Report − Bernanke to Test Dollar Rally by ActionForex.com
Daily Analysis - US Dollar Faces Volatile Trading Next Week amidst Bernanke Testimony and NFPs by Finotec Group Inc.
Top Market Movers Review
EMU PRODUCER PRICE INDEX
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Apr 2 | 09:00 | Producer Price Index (YoY) | 5.3% | 5.2% | 5.0% |
| Apr 2 | 09:00 | Producer Price Index (MoM) | 0.6% | 0.6% | 0.9% |
DATA SNAP: Euro−Zone Feb PPI Rises At Fastest Rate In 18 Mos (Dow Jones)
Further signs of elevated price pressures in the euro zone emerged Wednesday, as a measure of producer prices rose at its fastest annual rate in 18 months. Prices of goods leaving the euro zone's factory gates rose 0.6% over the month in February.
[ Full Story ]- Read the report: Industrial producer prices up by 0.6% in euro area at Eurostat
- Euro zone Feb PPI up 0.6 pct vs Jan; up 5.3 pct year−on−year UPDATE (Thomson Financial News)
- Euro Zone PPI grows above expectations in February (FXstreet.com)
- Euro zone Feb PPI up 0.6 pct vs Jan; up 5.3 pct year−on−year (Thomson Financial News)
UK M4 MONEY SUPPLY
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Apr 2 | 08:30 | M4 Money Supply (MoM) | 0.2% | - | 1.6% |
| Apr 2 | 08:30 | M4 Money Supply (YoY) | 12.4% | - | 13.3% |
| Apr 2 | 08:30 | M4 Sterling Lending | £17.4B | £0.9B | £16.4 |
UK Feb final M4 growth eases to 0.2 percent vs Jan, lowest since June 2005 (Thomson Financial News)
Money supply growth in the UK eased in February, with monthly growth at its lowest in over two and a half years, figures from the Bank of England confirmed.
[ Full Story ]- Read the M4 Money data at BoE
Sunrise Market Commentary: Currencies - EUR/GBP at new life−time highs by KBC Bank
Economic Events
| Date (GMT) | Country | Event | Actual | Cons. | Previous | |
| Apr 2 | 08:30 | UK | BSA Mortgage approvals s.a (Feb) | 3.6B | 4.3B | |
| 08:30 | UK | Housing Equity Withdrawal (QoQ) (4Q) | 7.3B | 9.5B | 10.8B |
|
| 08:30 | UK | M4 Money Supply (MoM) (Feb) | 0.2% | 1.6% |
||
| 09:00 | EMU | Producer Price Index (MoM) (Feb) | 0.6% | 0.6% | 0.9% |
|
| 09:00 | EMU | Producer Price Index (YoY) (Feb) | 5.3% | 5.2% | 5.0% |
|
| 11:00 | US | MBA Mortgage Applications (Mar 30) | 48.1% | |||
| 12:15 | US | ADP Employment Change (Mar) | -30K | -23K | ||
| 13:30 | US | Fed's Bernanke Speech | ||||
| 14:00 | US | Factory Orders (Feb) | 0.6% | -2.5% | ||
| 14:30 | US | EIA Crude Oil Stocks change | 0M | |||