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Forex Blogs
The Advisor Blog: Eur/Usd technical points by Valeria Bednarik
Just technical, no personal opinions here! I promise I will try. The pair is quoting just around the 1.2520 level, after setting a new low yesterday at 1.2456. Indicators are quite flat, not giving any clear signal, as said earlier, either way.
FX Market Readings: Lower level consolidation to lead firming up moves by Dr.S. Sivaraman
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Live Sessions Schedule
Main technical theme in the currency market
Expert: Jamie Saettele
Start: Wed, Mar 4, 14:00 GMT
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Type of Session: Webinar
Economic and Technical View of the Currency Market
Expert: Rob Booker
Start: Wed, Mar 4, 15:00 GMT
Type of Session: Webinar
| Sponsored by | ||||
| Wed, Mar 4, 14:00 GMT | Main technical theme in the currency market | Jamie Saettele | WBN | |
| Wed, Mar 4, 15:00 GMT | Economic and Technical View of the Currency Market | Rob Booker | WBN |  |
| Wed, Mar 4, 16:00 GMT | Institutional Trading Strategies  | Andrei Pehar | WBN | |
| Wed, Mar 4, 17:00 GMT | Advanced Methods for Finding Dominant Trends in Forex Markets | Mark Whistler | WBN | |
Current Session: Europe − U.S.
EUR/USD: Euro confirms recovery, above 1.2515, on its way to 1.2550
FXstreet.com − The Euro seems to have decided to go north after a session of hesitation around 1.2515 resistance line. EUR/USD extends, thus, its recovery move from fresh 3 month low at 1.2455 reached during Asian trading session.
At the moment, the Euro advances towards 1.2550 resistance level, and, swinging above here, next resistance level would be 1.2600.
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Daily Trading Forecast − Dollar Overbought but Still Flexing Muscles by Swiss e Trade AG
Against the yen, the dollar is clearly maintaining its strength, moving up again in early European hours and currently trading on a new year's high at 99.45. We see attacks on the 100.00 handle level today, but not breaking it on the upside.
FX Thoughts for the Day − Cable has traded stronger through the day by Kshitij Consultancy Service
Riding on the back of the Support at 1.4000, Cable has traded stronger through the day with a possibility of a rise towards 1.4274 during the US session if it continues to strengthen.
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
US ADP EMPLOYMENT CHANGE
| Date (GMT) | Event | Cons. | Previous | |
| Mar 4 | 13:15 | ADP Employment Change | -565K | -522K |
US economic indicators - We expect the ADP report to show a loss of 640k jobs in February by BHF−Bank
We expect the ADP private employment report and the official labour market reports to show a loss of 640k jobs in February, given the massive increase in jobless claims and the significant deterioration in consumers' assessment of labour market conditions.
[ Full Story ]Top Market Movers Review
UK PURCHASING MANAGER INDEX SERVICES
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Mar 4 | 09:30 | Purchasing Manager Index Services | 43.2 | 41.9 | 42.5 |
DATA SNAP: UK Feb Services PMI 43.2 Vs 42.5 In Jan (Dow Jones)
The U.K.'s dominant services sector output was significantly stronger than expected in February. The Purchasing Managers Index for the sector rose to 43.2 in February from 42.5 in January, research group Markit Economics said Wednesday.
[ Full Story ]- UPDATE:UK Feb Svcs PMI Beats Expectations, 3rd Straight Rise (Dow Jones)
- United Kingdom Feb Purchasing Manager Index Services rises to 43.2 (FXstreet.com)
EMU PURCHASING MANAGER INDEX SERVICES
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Mar 4 | 09:00 | Purchasing Manager Index Services | 39.2 | 38.9 | 38.9 |
DATA SNAP: Euro−Zone Feb Services PMI 39.2 Vs 42.2 In Jan (Dow Jones)
The euro zone's services sector contracted again in February hitting fresh record low as firms across the currency bloc slashed more jobs than at any time in the survey's 12−year history.
[ Full Story ]EMU economic indicators - PMIs: No revision expected by BHF−Bank
Economic Events
| Date (GMT) | Country | Event | Actual | Cons. | Previous | |
| Mar 4 | 00:30 | AU | Gross Domestic Product (YoY) (4Q) | 0.3% | 0.9% | 1.9% |
| 08:55 | DE | Purchasing Manager Index Services (Feb) | 41.3 | 41.6 | 41.6 | |
| 09:00 | EMU | Purchasing Manager Index Services (Feb) | 39.2 | 38.9 | 38.9 | |
| 09:30 | UK | Purchasing Manager Index Services (Feb) | 43.2 | 41.9 | 42.5 | |
| 10:30 | UK | BRC Shop Price Index (YoY) (Feb) | 1.9% | 1.1% | ||
| 12:00 | US | MBA Mortgage Applications (Feb 27) | -12.6% | -15.1% | ||
| 13:15 | US | ADP Employment Change | -565K | -522K | ||
| 15:00 | US | ISM Non−Manufacturing (Feb) | 42.0 | 42.9 | ||
| 15:00 | US | Treasury's Geithner Speech | ||||
| 17:00 | US | Fed's Lockhart speech | ||||