Forexpros.com Daily Analysis - 03/02/2010

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ForexPros Daily Analysis February 3, 2010


Free webinar on ForexPros - Identifying Low Risk, High Reward, and High Probability Trading Opportunities for Swing and Longer Term Forex Traders.

Expert: Sam Seiden
When: Thu, Feb 4, 2010, 11:00 EST

During this session, we will apply what we learned during session one to the world of swing and longer term trading in the Forex markets. We will walk through the trade selection process, applying our rule based strategy to identify price levels where demand and supply are out of balance and where profit margins are large offering us significant risk/reward opportunities for Forex swing and position trading.
This webinar is the last of a three part series brought to you by Online Trading Academy and Forexpros.

[color=black]to join free.

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Fundamental Analysis: Ivey PMI

Canadian traders anticipate the publication of the Ivey Purchasing Manager's Index (PMI) tomorrow, February 4. The index measures the activity level of purchasing managers in Canada.
Any reading above 50 indicates expansion, while a reading below 50 indicates contraction. It gives an indication about the health of the manufacturing section and production growth in Canada.
Traders watch these surveys closely as purchasing managers usually have early access to data about their company