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FX Lesson of the Day: Defining the trend
Expert: Dave Floyd
Start: Tue, Feb 20, 17:00 GMT
Sponsored by: 
Type of Session: Webinar
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Expert: Boris Schlossberg
Start: Wed, Feb 21, 12:00 GMT
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Type of Session: Webinar
Current Session: U.S.
EUR/USD
Mid-Day Forex Technical Report - Dollar Extends Decline on Weak Data by ActionForex.com
After mild sideway consolidation, EUR/USD's rise from 1.2939 resumes in early US session and is now pressing mentioned 61.8% retracement of 1.3364 to 1.2865 at 1.3173. At this point, intraday bias remains on the upside as long as EUR/USD stays above 1.3116 minor support.
- Take a look at our advisor's comments on the latest USD moves
- Check out how the currency moved on Live Currency Rates & Charts at FXstreet.com
Other Topics for this Session:
KBC Alert - $JPY (120.10): Testing neckline of ST Double Top by KBC Bank
Daily Forex Forecast - Daily Forex Forecast by FXDream
Forex Trading Strategies - Sell-off in USD due to Bernanke and Retail Sales by Saxo Bank
Currencies at a Glance
- EUR/USD
- Moves up above 1.3150
2/15/2007 3:06:28 PM - GBP/USD
- Trades above 1.9575
2/15/2007 3:11:53 PM - USD/CHF
- Trades below 1.2375
2/15/2007 3:17:20 PM - USD/JPY
- Trades below 120.00
2/15/2007 3:20:28 PM
Analyst Sentiment Index (ASI)
Analysts Sentiment Index - EUR/USD
**Source : CMS Forex, Danske Bank A/S, FXstreet.com, Global Forex Trading Ltd. , KBC Bank, Mizuho Corporate Bank
[ View ASI page ] [ View EUR/USD page ]
Charting the Market Movers
EUR USD, Hourly
GBP USD, Hourly
Top Market Movers Preview
Germany CPI
| Period | Consensus | Previous | Time |
| January (MoM) | -0.2% | -0.2% | Feb 15, 07:00 GMT |
| January (YoY) | 1.6% | 1.6% | Feb 15, 07:00 GMT |
- Tony Juste, FX Advisor at FXstreet.com:
"Whether the ECB will need to move rates up or not will depend (as always) on how Germany data comes out. ALthough the market does not usually pay a lot ot attention to German CPI data, it is understood that a reading below expectations, driving overall sentiment on inflation lower, could drive down the possibilities of a rate hike in March and so the Euro." - FXstreet.com
Top Market Movers Review
U.S. Industrial Production
| Period | Consensus | Previous | Actual |
| January (MoM) | 0% | 0.4% | -0.5% |
| January (Capacity Utilization) | 81.7% | 81.8% | 81.2% |
US January industrial output down 0.5 pct, capacity utilization 81.2 pct by AFX News
Output from US factories, mines and utilities fell in January, erasing the gains made in December which in turn came after three consecutive months of declines, the Federal Reserve said today. Output in January fell 0.5 pct, while factories were using 81.2 pct of their capacity, down from December's 81.8 pct capacity.
[ Full Story ]- Industrial Production and Capacity Utilization - Federal Reserve
- Industrial Production Falls Sharply In Jan. (Dow Jones)
- Industrial output falls 0.5 pct. in Jan. (AFX News)
- US Industrial Production drops 0.5% in January (FXstreet.com)
- Tony Juste, FX Advisor at FXstreet.com:
"Industrial Production will not make investors any happier as the drop in it and in capacity utilization shows the slowing of an economy that did not look poised to any bad surprises. Market is taking the data as it should, and the USD is being punished quite aggressively." - FXstreet.com
U.S. TICS Data
| Period | Consensus | Previous | Actual |
| December | $60.0B | $70.5B | -$11.0 |
U.S. Records First Net Capital Outflow Since June '05 by Dow Jones
U.S. monthly capital flows reversed in December to an outflow for the first time since June 2005, the Treasury Department reported Thursday. The U.S. recorded an outflow of $11 billion in December, compared with an inflow of $70.5 billion in November, the Treasury said.
[ Full Story ]- Treasury International Capital Data for December - Treasury Department
- Dollar falls to 6-week lows on capital flows data (Reuters)
- Tony Juste, FX Advisor at FXstreet.com:
"Probably the worst ever reading of the TICs has been out today, with a extremely poor $11Bln of US securities purchases in the last month. Is the US economy losing gear? It is not as attractive as before? where are these flows going? Have the carry trades against the Yen any impact on this? The answer to these questions is the answer to the so-bad data today." - FXstreet.com
U.S. Import prices
| Period | Consensus | Previous | Actual |
| February (MoM) | -1.0% | 1.1% | -1.2% |
| February (YoY) | 0% | 2.5% | 0.1% |
U.S. Import prices, biggest fall in four months by FXstreet.com
Import prices index have decreased sharply in January thanks to lower oil prices, according to the latest report by the Commerce Department. Prices of imported products dropped 1.2% in January from December, when they recorded a 1.1% monthly increase.
[ Full Story ]- U.S. Import and Export Price Indexes - Bureau of Labor Statistics
- US January import prices down 1.2 pct, largest decline since October (AFX News)
- Import Prices Take Biggest Tumble In 3 Months During Jan (Dow Jones)
U.S. Initial Jobless Claims
| Period | Consensus | Previous | Actual |
| Week 10 Feb | 315K | 311K | 357K |
US weekly jobless claims up 44,000 to 357,000, highest since November by AFX News
The number of people filing new claims for unemployment insurance jumped in the latest week to its highest level in nearly three months, the Labor Department said today. First time claims rose 44,000 to 357,000 in the week ended February 10, higher than the 310,000 economists had expected and the highest level since the week ended November 25.
[ Full Story ]- Unemployment Initial (UI) Claims - U.S. Department of Labor
- US Jobless Claims +44K To 357K In Feb 10 Week; Survey +4K (Dow Jones)