Thursday, Apr 03, 11:12 GMT
U.S. Trading Newsletter
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Live Sessions Schedule
How to Get Started Trading Forex
Expert: Steve Primo
Start: Thu, Apr 3, 15:00 GMT
Type of Session: Webinar
Live Look at Today's Markets
Expert: Derek Frey
Start: Thu, Apr 3, 17:00 GMT
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Type of Session: Webinar
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| Thu, Apr 3, 11:00 GMT | FX Instructor Live Trading Room  | Mark De La Paz | WBN |  |
| Thu, Apr 3, 12:00 GMT | US Pre−Market Open | Ed Ponsi | WBN |  |
| Thu, Apr 3, 15:00 GMT | How to Get Started Trading Forex | Steve Primo | WBN | |
| Thu, Apr 3, 16:00 GMT | The Day Trading Coach − Tips, Tricks and Strategies for Day Traders | Markus Heitkoetter | WBN | |
Current Session: Europe − U.S.
GBP/USD
Daily Analysis − Greenback on the down again by Finotec Group Inc.
The Sterling rose against the euro today for a third successive day versus a decline against the Dollar. The British currency gained 78.78 pence per euro toady 7:54 GMT from 78.92 yesterday, dollar currently trading in at $1.9834 from $1.9874 yesterday. The decline in the Pound/Dollar came amidst news yesterday that figures show mortgage approvals are plummeting, debt is spiraling and banks are withdrawing mortgages on offer.
- 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
Currency Performance
Action Bias Summary Table − Action Bias Summary Table by ActionForex.com
FX Analysts' Comments
The party Time Zone inthe GBP/USD by Rob Booker, Currency trader
Majors at a Glance
- EUR/USD
- Moves down below pivot level 1.5644
04/03/2008 11:11 GMT - GBP/USD
- Moves down below pivot level 1.9839
04/03/2008 11:11 GMT - USD/CHF
- Moves up above first resistant level 1.0143
04/03/2008 11:11 GMT - USD/JPY
- Moves up above first resistant level 102.97
04/03/2008 11:11 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 NON−MANUFACTURING
| Date (GMT) | Event | Cons. | Previous | |
| Apr 3 | 14:00 | ISM Non−Manufacturing | 48.5 | 49.3 |
US economic indicators - Both ISM indices will probably show ongoing contraction in March by BHF−Bank
After having fallen sharply to 44.3 in January, the ISM non−manufacturing index recovered to 49.3 in February, still indicating contraction in the US economy. Given the weakening of the retail sector and the fact that the housing market correction has intensified, we expect the ISM non−manufacturing index to have declined to about 47.5 in March, not much higher than its manufacturing counterpart.
[ Full Story ]- Ahead of the Bell: ISM services index (Thomson Financial News)
Wakeup Call on Forex Markets - Focus On ISM Non−Manufacturing Today by Saxo Bank
Forex Trading Strategies - Market still in risk−loving mood ahead of US ISM Non−manufacturing today by Saxo Bank
Top Market Movers Review
EMU RETAIL SALES
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Apr 3 | 09:00 | Retail Sales (MoM) | -0.5% | 0.2% | 0.5% |
| Apr 3 | 09:00 | Retail Sales (YoY) | -0.2% | 0.0% | 0.2% |
Euro zone Feb retail sales down 0.5 pct vs Jan, down 0.2 yr−on−yr (Thomson Financial News)
Euro zone retail sales fell 0.5 percent in February from January and were down 0.2 percent year−on−year, EU statistics office Eurostat said. Economists polled by Thomson Financial News had forecast a month−on−month rise of 0.3 percent and no change from a year earlier.
[ Full Story ]- Read the report: Volume of retail trade down by 0.5% in euro area at Eurostat
- Euro Zone's retail sales decline in February (FXstreet.com)
- EU Retail Sales decline 0.5% in Feb; 0.2% down year−on−year (FXstreet.com)
UK PURCHASING MANAGER INDEX SERVICES
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Apr 3 | 08:30 | Purchasing Manager Index Services | 52.1 | 53.3 | 54.0 |
UK CIPS March services PMI 52.1, lowest since Nov 2007 − sources (Thomson Financial News)
The UK's services sector saw output growth slow dramatically in March, sources said of a closely−watched survey. They said the purchasing managers index from the Chartered Institute of Purchasing Supply fell to 52.1 in March, its lowest since November 2007, from February's 54.0.
[ Full Story ]- The Chartered Institute of Purchasing & Supply homepage
- Forex − Pound softens on weak UK services PMI (Thomson Financial News)
- Forex − Pound drops on weak UK services PMI (Thomson Financial News)
- UK PMI declines lower than expected in March (FXstreet.com)
Economic Events
| Date (GMT) | Country | Event | Actual | Cons. | Previous | |
| Apr 3 | 02:00 | NZ | ANZ Commodity Price (Mar) | 2.0% | 47.2% | 0.9% |
| 07:55 | DE | Purchasing Manager Index Services (Mar) | 51.8 | 52.5 | 52.2 | |
| 08:00 | EMU | Purchasing Manager Index Services (Mar) | 51.6 | 51.7 | 52.3 | |
| 08:30 | UK | Purchasing Manager Index Services (Mar) | 52.1 | 53.3 | 54.0 | |
| 09:00 | EMU | Retail Sales (MoM) (Feb) | -0.5% | 0.2% | 0.5% |
|
| 09:00 | EMU | Retail Sales (YoY) (Feb) | -0.2% | 0.0% | 0.2% |
|
| 12:30 | US | Continuing Jobless Claims (Mar 22) | 2872K | 2845K | ||
| 12:30 | US | Initial Jobless Claims (Mar 29) | 365K | 366K | ||
| 13:30 | EMU | ECB's Trichet Speech | ||||
| 14:00 | US | ISM Non−Manufacturing (Mar) | 48.5 | 49.3 | ||