Tuesday, Mar 03, 12:31 GMT
U.S. Trading Newsletter
To Get Started
- Webinar Videos: Hedging with Options in Today's Forex by John Jagerson
- All the events of the day in our Economic Calendar
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Forex Blogs
Forex Trading Today: Potential IntraDay Double−Top on the Aussie by Tim Salem
The AUD/USD maintains its Price Appreciation since our RBA Post 6 hours ago… and our Fibonacci Variants came into play nicely. Here is the Hourly Capture again so give it a Click, and Post−Time is 10:30 GMT.
FX Market Readings: Process of sequential trend reversal by Dr.S. Sivaraman
Find other fellow traders to share your comments and market view in the FOREX CHAT
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Live Sessions Schedule
Multi−time frames for entry and exit signals in Forex
Expert: Peter Leonidou
Start: Tue, Mar 3, 14:00 GMT
Type of Session: Webinar
The Weather Report: Ichimoku Cloud Trading
Expert: Chris Capre
Start: Tue, Mar 3, 15:00 GMT
Type of Session: Webinar
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| Tue, Mar 3, 12:00 GMT | FX Instructor Live Trading Room  | Mark De La Paz | WBN |  |
| Tue, Mar 3, 14:00 GMT | Multi−time frames for entry and exit signals in Forex | Peter Leonidou | WBN |  |
| Tue, Mar 3, 15:00 GMT | The Weather Report: Ichimoku Cloud Trading | Chris Capre | WBN | |
| Tue, Mar 3, 16:00 GMT | Trading with Autochartist | Raghee Horner | WBN | |
Current Session: Europe − U.S.
EUR/USD: Euro below 1.2600; 1.2535 on sight
FXstreet.com − The Euro's attempts to break through 1.2660 resistance levels have not succeeded, and the pair has reacted downwards breaking support level at 1.2615 and advances towards intra−day low at 1.2530.
If the Euro fails to remain above 1.2515/30 support zone, the next support level will be 1.2420 (Nov 21 low). Below there, Oct 27 low at 1.2330.
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GBP/USD: The Pound breaks 1.4050 support back towards 1.3990 by FXstreet.com
The Pound has reversed in late European session most of the ground gained during Asian trading hours, breaking support line at 1.4050 to test 1.3990, intra−day low.
Daily Trading Forecast − We expect the sideways market to continue in today's trading by Swiss e Trade AG
In a now three−day−old see−saw market, the USD / JPY is trading currently at 97.60 in the middle of a narrow trading range between 98.00 and 97.00.
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 BOC INTEREST RATE DECISION
| Date (GMT) | Event | Cons. | Previous | |
| Mar 3 | 14:00 | BoC Interest Rate Decision | 0.5% | 1.0% |
Trading News Report - The BoC is widely expected to lower the benchmark interest in September by FXCM
Accordingly, the Bank of Canada is widely expected to lower the benchmark interest rate by another 25bp to 0.75% next week, which would be the lowest level since 1958, as the economy heads into its first recession in over a decade, and the central bank may adopt unconventional measures such as quantitative easing to manage monetary policy going forward as borrowing costs get pushed closer to zero.
[ Full Story ]Forex Trading Strategies - RBA keeps rates unchanged; Over to you Canada........ by Saxo Bank
Top Market Movers Review
Switzerland GROSS DOMESTIC PRODUCT S.A.
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Mar 3 | 06:45 | Gross Domestic Product s.a. (QoQ) | -0.3% | -0.8% | 0.0% |
| Mar 3 | 06:45 | Gross Domestic Product (YoY) | -0.6% | -0.1% | 1.6% |
USD/CHF: Dollar rally halted at 1.1780/95 (FXstreet.com)
The Dollar has rallied against the Swiss Franc from double bottom at 1.1460 (Feb 20 and 23 low) reaching a maximum level of 1.1796 in Mar 2, to consolidate between 1,−.1680 and 1.1780 afterwards, as Swiss GDP contracted at aq 0.6% pace in the 4Q 2008.
[ Full Story ]- Read the GDP data at the SECO
- Switzerland Gross Domestic Product s.a. (QoQ) declines to −0.3% in 4Q (FXstreet.com)
Economic Events
| Date (GMT) | Country | Event | Actual | Cons. | Previous | |
| Mar 3 | 00:30 | AU | Current Account Balance (4Q) | -6.50B | -7.35B | -9.70B |
| 00:30 | AU | Retail Sales Trend (MoM) (Jan) | 0.2% | 0.0% | ||
| 03:30 | AU | RBA Interest Rate Decision | 3.25% | 3.00% | 3.25% | |
| 06:45 | CH | Gross Domestic Product (YoY) (4Q) | -0.6% | -0.1% | 1.6% | |
| 06:45 | CH | Gross Domestic Product s.a. (QoQ) (4Q) | -0.3% | -0.8% | 0.0% | |
| 09:30 | UK | PMI Construction (Feb) | 27.8 | 34.2 | 34.5 | |
| 13:00 | US | Fed's Lockhart speech | ||||
| 14:00 | CA | BoC Interest Rate Decision | 0.5% | 1.0% | ||
| 15:00 | US | Fed's Bernanke testifies | ||||
| 15:00 | US | Pending Home Sales (MoM) (Jan) | -3.0% | 6.3% | ||