Wednesday, Feb 21, 17:25 GMT
ASIA-PACIFIC Trading Newsletter
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NEXT SPECIAL WEBINARS
Live Trading with the FX Advisor
Expert: Tony Juste
Start: Fri, Feb 23, 15:00 GMT
Sponsored by: 
Type of Session: Webinar
Midweek Technical Outlook with Derek Sugalski
Expert: Derek Sugalski
Start: Wed, Feb 28, 17:00 GMT
Sponsored by:
Type of Session: Webinar
Topics
- Upcoming news events as potential catalysts
- Technical summary of market developments
- Forecasting end of week directional bias and turning points
Current Session: U.S.
EUR/USD
Daily Forex Forecast - Daily Forex Forecast by FXDream
EUR/USD still trading around 1.3125-21 first Support area .Today focus will be on Core US Consumer Price Index at 13:30 GMT. The consensus is at 0.2%. If the reading comes out at 0.4% or higher we may see price dropping lower towards 1.3090 and even 1.3070 later today.
- Have a look at our advisor's latest Euro comments
- Check out how the currency moved on Live Currency Rates & Charts at FXstreet.com
- Follow up the most relevant Economic Data in the new Real Time Economic Calendar
- Be up to date with the Latest Forex News
Other Topics for this Session:
Mid-Day Forex Technical Report - Dollar Boosted by CPI, Yen's Fall Continues Despite BoJ Hike by ActionForex.com
Daily Forex Outlook - USD strengthens as markets open following president’s holiday by Easy Forex
FX Thoughts for the Day - FX Thoughts for the day - Evening - 21-Feb-2007....1234 GMT by Kshitij Consultancy Service
Currencies at a Glance
- EUR/USD
- Continues to move down below 1.3125
2/21/2007 2:41:07 PM - GBP/USD
- Trades around 1.9500
2/21/2007 2:44:01 PM - USD/CHF
- Continues to move up toward 1.2400
2/21/2007 2:46:25 PM - USD/JPY
- Trades above 121.00
2/21/2007 2:49:15 PM
Analyst Sentiment Index (ASI)
Analysts Sentiment Index - EUR/USD
**Source : Danske Bank A/S, FXstreet.com, KBC Bank
[ View ASI page ] [ View EUR/USD page ]
Charting the Market Movers
EUR USD, Hourly
GBP USD, Hourly
Top Market Movers Preview
U.S. FOMC Minutes
| Period | Time |
| January Meeting | Feb 21, 19:00 GMT |
- Tony Juste, FX Advisor at FXstreet.com:
"With CPI risks still on the move, the rethoric that the FOMC minutes will come out with will be important to determine how much worried the Fed is with the current trend and if there is any rate hike in prospectus, as hawks would like to see. In the other hand, the USD could see some selling if the tone was dovish, as market would anticipate the Fed keeping rates steady even with inflation risks still alive." - FXstreet.com
Top Market Movers Review
U.S. Leading Indicators
| Period | Consensus | Previous | Actual |
| January | 0.2% | 0.6% | 0.1% |
Index of leading economic indicators up by AFX News
A gauge of future economic activity rose modestly in January, an industry-backed trade group said Wednesday, suggesting the U.S. economy will continue to post modest gains in the coming months.
[ Full Story ]- U.S. Leading Index Increased 0.1 Percent - The Conference Board
- US Conference Board Jan Leading Index +0.1% (Dow Jones)
- Leading Indicators Index, up 0.1% in January (FXstreet.com)
U.S. CPI
| Period | Consensus | Previous | Actual |
| January (MoM) | 0.1% | 0.5% | 0.2% |
| January (YoY) | 1.9% | 2.5% | 2.1% |
U.S. CPI rises larger than expected on food and medical care by FXstreet.com
Consumer prices have increased larger than expected in January due to jumps on food prices and medical care, which posted the biggest increase in 15 years. Consumer Price Index grew 0.2% in January, following a 0.4% growth in December, according to data by the Labour department.
[ Full Story ]- Consumer Price Index - U.S. Bureau of Labor Statistics
- US January CPI up 0.2 pct, core CPI up 0.3 pct, fastest core gain since June (AFX News)
- Costs Jump For Food, Medical Care In January (Dow Jones)
- Tony Juste, FX Advisor at FXstreet.com:
"The numbers of the CPI fall into the Fed's worst scenario and will increase the pressure to retain its inflation fighting credentials. Expect rhetoric to heat up and the hawks to take control over the matter again." - FXstreet.com