Daily Forex News April 3rd 2013 FCTO: Strong risk sentiment sent the DOW Jones to a new record high of 14,662 overnight and helped the dollar strengthen broadly. The Main focus will turn to job and services data from the US today and if investors will stay optimistic on US economy. The ADP employment report is expected to show a 198,000 growth in March while the ISM non-manufacturing index is expected to stay unchanged at 56. Chicago Fed Evans said yesterday that the Fed was still "missing tremendously" on employment and there's "still work to do". He reiterated that the Fed is expecting unemployment to be above 5.5% at the end of 2014. Evans also warned the Fed should continue to maintain easing to avoid following the fate of Japan. In the same occasion, Richmond Fed hawk Lacker warned that he saw an upside risk in inflation even though he didn't expect a significant rise in inflation in the next year or two. On the data front, UK BRC shop prices rose 1.4% year on year in March. Australian trade deficit narrowed to 0.18b Australian Dollars in February. Chinese non-manufacturing PMI rose to 55.6 in March. UK Construction PMI and Eurozone CPI estimate will be the main focus in European session. And from the US, ADP employment and ISM services will be released.

1. Daily Forex News April 3rd 2013
FCTOFX: Strong risk sentiment sent the DOW Jones to a new record high of
14,662 overnight and helped the dollar strengthen broadly. The Main focus
will turn to job and services data from the US today and if investors will stay
optimistic on US economy. The ADP employment report is expected to show
a 198,000 growth in March while the ISM non-manufacturing index is
expected to stay unchanged at 56. Chicago Fed Evans said yesterday that the
Fed was still "missing tremendously" on employment and there's "still work
to do". He reiterated that the Fed is expecting unemployment to be above
5.5% at the end of 2014. Evans also warned the Fed should continue to
maintain easing to avoid following the fate of Japan. In the same occasion,
Richmond Fed hawk Lacker warned that he saw an upside risk in inflation
even though he didn't expect a significant rise in inflation in the next year or
two.
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2. Daily Forex News April 3rd 2013
In Europe the EU, IMF, ECB and Troika completed an assessment of the
bailout plan to Cyprus which is also granted an extra 2 years, to 2018, to
implement measures linked to its bailout. The agreement will be discussed
among EU financial ministers on April 4th. European Central Bank executive
member Coeure warned that "it would be a matter of concern if countries
were to directly pursue overt competitive devaluations, particularly by
resorting to large purchases of foreign assets." Coeure also noted that the
exchange rate "matters for price stability and growth and, as such, it is part
of the overall assessment of the appropriateness of the policy stance," and, if
it's "contrary to the objective of medium-term price stability, it may thus
trigger offsetting policy actions."
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3. Daily Forex News April 3rd 2013
In Australia, Reserve Bank of Australia governor Stevens' term was extended
by three years. His seven-year term was set to end this September just days
after election. And the extension is viewed as positive by analysts as it
eliminates some uncertainties after the election. Also, Stevens is generally
seen as a strong central bank governor. Treasurer Swan hailed that "Glenn
has made an enormous contribution to Australia's economic performance
and financial stability since his appointment seven years ago," and "he is in
particular recognized around the world as a key policy maker and one of the
best."
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4. Daily Forex News April 3rd 2013
On the data front, UK BRC shop prices rose 1.4% year on year in March.
Australian trade deficit narrowed to 0.18b Australian Dollars in February.
Chinese non-manufacturing PMI rose to 55.6 in March. UK Construction PMI
and Eurozone CPI estimate will be the main focus in European session. And
from the US, ADP employment and ISM services will be released.
For a Free 30 Day Demo of our HFT Forex Trading Software: http://bit.ly/YeAJCu

5. Daily Forex News April 3rd 2013
The new retail forex trading offering from Forex Currency Trading Online
Ltd., www.FCTOFX.com, has been developed out of the retail customer’s
desire to profit from managed Forex trading, without having their capital
held, managed and controlled by an unknown or unregulated third-party.
Our Forex trading software is designed to be fully automated; however our
team of expert traders and analysts monitor our systems 24 hours per day.
Giving you a highly profitable advantage over ever changing market
conditions.
For More Information: www.FCTOFX.com
For a Free 30 Day Demo of our HFT Forex Trading Software: http://bit.ly/YeAJCu

6. Daily Forex News April 3rd 2013
The new retail forex trading offering from Forex Currency Trading Online
Ltd., www.FCTOFX.com, has been developed out of the retail customer’s
desire to profit from managed Forex trading, without having their capital
held, managed and controlled by an unknown or unregulated third-party.
Our Forex trading software is designed to be fully automated; however our
team of expert traders and analysts monitor our systems 24 hours per day.
Giving you a highly profitable advantage over ever changing market
conditions.
For More Information: www.FCTOFX.com
For a Free 30 Day Demo of our HFT Forex Trading Software: http://bit.ly/YeAJCu