Monday, Mar 02, 12:10 GMT
U.S. Trading Newsletter
To Get Started
- Webinar Videos: The "Flag" chart pattern by Sunil Mangwani
- All the events of the day in our Economic Calendar
Note that our messages might be blocked by anti-spam filters so please add newsletter@fxstreet.com or our domain (fxstreet.com) to your address book.
Forex Blogs
The Advisor Blog: Gbp/Usd close to key support level by Valeria Bednarik
The decision by European Union leaders over the weekend not to coordinate a bailout for central and eastern European economies has boosted risk aversion,sending dollar higher in early Europe. Gbp is also suffering downside pressure, and remains fighting the 1.4200 zone.
The Trader's Edge: EUR/USD Weekend Analysis by Ross Yamashita
Find other fellow traders to share your comments and market view in the FOREX CHAT
Sponsored by 
Live Sessions Schedule
Derek Frey's Outlook
Expert: Derek Frey
Start: Mon, Mar 2, 15:00 GMT
Sponsored by: 
Type of Session: Webinar
Weekly Webinar: 1st on Forex − The Week Ahead
Expert: Jerry Furst
Start: Mon, Mar 2, 17:00 GMT
Sponsored by: 
Type of Session: Webinar
| Sponsored by | ||||
| Mon, Mar 2, 12:00 GMT | Catching Redfish off the pool: Trend Lines and Technical Indicators | S.A Ghafari | WBN |  |
| Mon, Mar 2, 14:00 GMT | What kind of trader am I  | Adam Rosen | WBN | |
| Mon, Mar 2, 15:00 GMT | Derek Frey's Outlook | Derek Frey | WBN | |
| Mon, Mar 2, 16:00 GMT | Advanced Methods for Finding Dominant Trends in Forex Markets | Mark Whistler | WBN | |
Current Session: Europe − U.S.
EUR/USD: On recovery after testing 1.2550
Swiss e Trade AG − After testing the important 1.2550 support line in Asian trading, the pair is on a recovery path this European morning, currently trading at 1.2610. We expect more of that recovery to come in today's trading, testing the 1.2690 level, from where further weakness may set in.
.
USD/CAD: The Dollar broke triangle pattern to the upside; 1.3015 high on the landscape by FXstreet.com
The USD/CAD has broken the triangle it has been trading for the last two months, and the pair advances north to test 1.2840 resistance level. Once above here, the pair will get on its way to long term resistance at 1.3015 (Oct 27 high).
Forex Daily Analysis − JPY Weakness Growing More Apparent by ForexYard
It appears that the pair might have limited it bullish trend after peaking at 97.65. A fascinating triple doji has been formed on the daily chart, indicating that a strong breach is imminent.
Analyst Sentiment Index (ASI)
Analysts Sentiment Index - EUR/USD
**Source : ActionForex.com, CMS Forex, Danske Bank A/S, FXstreet.com, i-knowindices.com, Mizuho Corporate Bank, MolFX - Management
[ View ASI page ] [ View EUR/USD page ]
Charting the Market Movers
EUR USD, Hourly
GBP USD, Hourly
Top Market Movers Preview
Canada GROSS DOMESTIC PRODUCT
| Date (GMT) | Event | Cons. | Previous | |
| Mar 2 | 13:30 | Gross Domestic Product (MoM) | -0.5% | -0.7% |
Trading News Report - USD/CAD: Trading the Canada Gross Domestic Product (GDP) Report by FXCM
The Canadian dollar is likely to face increased selling pressure over the following week as economists forecast the GDP reading to show a 3.2% contraction in the fourth quarter. Economic activity in the world's eighth largest economy has weakened considerably throughout the second half of 2008 as a result of the downturn in the global economy, and the outlook for future growth remains bleak as trade conditions deteriorate at a record pace.
[ Full Story ]Top Market Movers Review
EMU CONSUMER PRICE INDEX
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Mar 2 | 10:00 | Consumer Price Index (YoY) | 1.2% | 1.0% | 1.1% |
DATA SNAP:Euro−Zone Inflation Rate Rises, 1st Time Since Jun (Dow Jones)
The annual rate of inflation in the 16 countries that use the euro rose in February for the first time since June 2008, reducing the likelihood of a period of deflation as the economy slows.
[ Full Story ]- Read the CPI data at Eurostat
- EU Feb preliminar CPI improves to 1.2% (FXstreet.com)
Friday Notes - Energy up, food inflation down by UniCredit Group
UK NET LENDING TO INDIVIDUALS
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Mar 2 | 09:30 | Net Lending to Individuals | £1.1B | - | £2.1B |
DATA SNAP: UK Net Consumer Lending Growth Hits Record Low (Dow Jones)
U.K. net consumer lending slumped in January, growing at its weakest rate since the series began in 1993, as mortgage lending slowed sharply, data from the Bank of England released Monday showed.
[ Full Story ]Economic Events
| Date (GMT) | Country | Event | Actual | Cons. | Previous | |
| Mar 2 | 09:30 | UK | M4 Money Supply (MoM) (Jan) | 2.5% | 1.4% | |
| 09:30 | UK | M4 Money Supply (YoY) (Jan) | 17.5% | 17.5% | ||
| 09:30 | UK | Mortgage Approvals (Jan) | 31K | 33K | 31K | |
| 09:30 | UK | Net Lending to Individuals (Jan) | £1.1B | £2.1B |
||
| 09:30 | UK | Purchasing Manager Index Manufacturing (Feb) | 34.7 | 35.0 | 35.8 | |
| 10:00 | EMU | Consumer Price Index (YoY) (Feb)  | 1.2% | 1.0% | 1.1% | |
| 13:30 | US | Core Personal Consumption Expenditure − Prices Index (MoM) (Jan) | 0.1% | 0.0% | ||
| 13:30 | US | Core Personal Consumption Expenditure − Prices Index (YoY) (Jan) | 1.6% | 1.7% | ||
| 13:30 | CA | Gross Domestic Product (MoM) (Dec) | -0.5% | -0.7% | ||
| 13:30 | US | Personal Income (MoM) (Jan) | -0.3% | -0.2% | ||