Wednesday, Apr 01, 11:10 GMT
U.S. Trading Newsletter
To Get Started
- Webinar Videos: Fibonacci - From Novice to Advanced Techniques by Adam Rosen
- 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
Trading for a living: Profit opportunities in the European opening by David Aranzabal
Today the Frankfurt opening gave us profiting opportunities in GBP/USD, Let's see the report:
− MACD above the water line in 60m
− Price approaching Asian support and MACD divergence in 1 min. (Downside move)
The Advisor Blog: Majors' sentiment for today by Valeria Bednarik
CEO's Weblog: Gold: The break of 925 level should see the buyers take control and lead for minimum of 930/31 by Francesc Riverola
Find other fellow traders to share your comments and market view in the FOREX FORUM
Sponsored by 
Live Sessions Schedule
Main technical theme in the currency market
Expert: Jamie Saettele
Start: Wed, Apr 1, 13:00 GMT
Sponsored by: 
Type of Session: Webinar
Economic and Technical View of the Currency Market
Expert: Rob Booker
Start: Wed, Apr 1, 14:00 GMT
Type of Session: Webinar
| Sponsored by | ||||
| Wed, Apr 1, 12:00 GMT | What can we expect from the next NFP report?  | Adam Rosen | WBN |  |
| Wed, Apr 1, 13:00 GMT | Main technical theme in the currency market | Jamie Saettele | WBN | |
| Wed, Apr 1, 14:00 GMT | Economic and Technical View of the Currency Market | Rob Booker | WBN | |
| Wed, Apr 1, 15:00 GMT | Institutional Trading Strategies | Andrei Pehar | WBN | |
Current Session: Europe − U.S.
USD/JPY: Dollar breaks through 99.00 resistance
FXstreet.com − The Dollar has returned to levels above 99.00 resistance and rises below intra−day high at 99.50, trading above exponential moving averages in the hourly chart.
Next resistance level lies at 99.50 intra−day high, right below the Mar 5 high at 99.70 and then 100.00 psychological resistance level. On the downside, below 99.00/98.85, next support comes at 98.35 intra−day low and below there, 97.65/85, and then probably the area between 97.10/25.
USD/CHF
Daily Forex News − USD/CHF consolidates recent break from 1.1162 – 1.1330 range. by ACM − Advanced Currency Markets
Textbook bull flag in formation as the pair consolidates recent break from 1.1162 – 1.1330 range. Initial resistance at bottom of flag at 1.1359. Continued dollar strength will see firm test at 1.1549.
GBP/USD
Daily Trading Forecast − Cable is in an upmove right now by Swiss e Trade AG
Cable is in an upmove right now and currently trading at 1.4390. We see more of the uptrend today, to levels around 1.4480, where a more substantial down correction is expected, to current prices.
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 ISM MANUFACTURING
| Date (GMT) | Event | Cons. | Previous | |
| Apr 1 | 14:00 | ISM Manufacturing | 35.7 | 35.8 |
US economic indicators - ISM indices (Mar): indicating ongoing economic contraction by BHF−Bank
All in all, the ISM manufacturing index, which had improved in the previous two months, could have fallen back from 35.8 to 34.5 in March, particularly as small business optimism has not stabilised, but has continued to fall in the first two months.
[ Full Story ]Monitor - USA: Preview on March's ISM by Danske Bank A/S
Top Market Movers Review
EMU UNEMPLOYMENT RATE
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Apr 1 | 09:00 | Unemployment Rate | 8.5% | 8.3% | 8.3% |
DATA SNAP: Euro−Zone Jobless Rate Rose To 8.5% In Feb (Dow Jones)
The rate of unemployment in the 16 countries that use the euro rose unexpectedly to an almost three−year high in February as businesses continue to cut costs amid the economic recession.
[ Full Story ]- UPDATE: Euro−Zone Jobless Rate To Rise Sharply In Coming Mos (Dow Jones)
- Euro Zone Feb unemployment rate up to 8.5% vs 8.3% (FXstreet.com)
EMU PURCHASING MANAGER INDEX MANUFACTURING
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Apr 1 | 08:00 | Purchasing Manager Index Manufacturing | 33.9 | 34.0 | 33.5 |
DATA SNAP: Euro−Zone March Mfg Activity Up From Record Low (Dow Jones)
Manufacturing activity in the 16 countries that make up the euro zone contracted for the tenth consecutive month in March but recovered slightly from the previous month's record low, data from Markit Economics showed Wednesday.
[ Full Story ]- Markit Economics homepage
- 2nd UPDATE:Euro−Zone Mfg Activity Weaker, But Off Record Low (Dow Jones)
- UPDATE:Euro−Zone March Mfg Activity Weak, But Off Record Low (Dow Jones)
- Euro Zone Manufacturing PMI up to 33.9 in Mar from 33.5 (FXstreet.com)
EMU economic indicators - EMU and Germany PMI probably unrevised by BHF−Bank
Germany RETAIL SALES
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Apr 1 | 06:00 | Retail Sales (YoY) | -5.3% | - | -1.1% |
| Apr 1 | 06:00 | Retail Sales (MoM) | -0.2% | 0.1% | -0.9% |
DATA SNAP: German February Retail Sales −0.2% MM, −5.3% YY (Dow Jones)
German retail sales declined unexpectedly in February, signaling that household demand in Europe's largest economy remains depressed, preliminary data from the Federal Statistics Office showed Wednesday.
[ Full Story ]- 2nd UPDATE: German Feb Retail Sales Disappoint, Outlook Grim (Dow Jones)
- UPDATE: German Feb Retail Sales Disappoint, Outlook Grim (Dow Jones)
- Germany Feb Retail Sales (MoM) fall 0.2% (FXstreet.com)
Economic Events
| Date (GMT) | Country | Event | Actual | Cons. | Previous | |
| Apr 1 | 07:55 | DE | Purchasing Manager Index Manufacturing (Mar) | 32.4 | 32.4 | 32.4 |
| 08:00 | EMU | Purchasing Manager Index Manufacturing (Mar) | 33.9 | 34.0 | 33.5 |
|
| 08:30 | UK | Housing Equity Withdrawal (QoQ) (4Q) | £-8.0B | -£6.8B | -£5.9B |
|
| 08:30 | UK | Purchasing Manager Index Manufacturing (Mar) | 39.1 | 34.9 | 34.7 | |
| 09:00 | EMU | Unemployment Rate | 8.5% | 8.3% | 8.3% |
|
| 11:00 | US | MBA Mortgage Applications (Mar 27) | 3.0% | 32.2% | ||
| 12:15 | US | ADP Employment Change (Mar) | -660K | -697K | ||
| 14:00 | US | Construction Spending (MoM) (Feb) | -2.0% | -3.3% | ||
| 14:00 | US | ISM Manufacturing (Mar) | 35.7 | 35.8 | ||
| 14:00 | US | Pending Home Sales (MoM) (Feb) | 0.3% | -7.7% | ||