Thursday, Feb 07, 17:28 GMT
ASIA-PACIFIC Trading Newsletter
To Get Started
- The Advisor Weblog: At the Close
- Webinars VIDEOS: Creating and Using a Powerful Trading Plan - Part 1 and Part 2 by Rob Booker
- Featured Event: The Code of the Schaff Trend Cycle indicator revealed at FXstreet.com
- ECB and BoE Live Coverage by FXstreet.com
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Live Sessions Schedule
Live Look at Today's Markets
Expert: Derek Frey
Start: Thu, Feb 7, 18:00 GMT
Sponsored by: 
Type of Session: Webinar
What Moves Currencies? − Weekly Wrap−Up
Expert: Tony Juste
Start: Fri, Feb 8, 11:00 GMT
Sponsored by: 
Type of Session: Webinar
| Sponsored by | ||||
| Thu, Feb 7, 17:00 GMT | The Day Trading Coach − Tips, Tricks and Strategies for Day Traders  | Markus Heitkoetter | WBN |  |
| Thu, Feb 7, 18:00 GMT | Live Look at Today's Markets | Derek Frey | WBN | |
| Fri, Feb 8, 11:00 GMT | What Moves Currencies? − Weekly Wrap−Up | Tony Juste | WBN | |
| Fri, Feb 8, 13:00 GMT | US Pre−Market Open | Ed Ponsi | WBN | |
| Fri, Feb 8, 14:30 GMT | US Session Open | Ed Ponsi | WBN | |
Current Session: U.S.
EUR/USD
Daily Technical Strategist − EURUSD: Weakness From The 1.4967 Level Looks To Continue by FXTechstrategy
EURUSD− Following its sell off ahead of the 1.4967 high (2007 high) the past week and its subsequent break through layers of support levels,EUR remains on the defensive as further weakness continues to be envisaged.
- Exotic Forex Options by S. Wade Hansen, Founder Profiting With Forex
- Check out how pairs moved: Live Currency Rates & Charts
- Follow up the most relevant Economic Data in the new Real Time Economic Calendar
Mid−Day Forex Technical Report − Euro and Sterling Plunge after Central Banks Rate Decisions by ActionForex.com
FX Analysts' Comments
JPY crosses recover as USD/JPY surges by Tony Juste, FX Advisor at FXstreet.com
Top Market Movers Preview
Germany INDUSTRIAL PRODUCTION S.A.
| Date (GMT) | Event | Cons. | Previous | |
| Feb 8 | 11:00 | Industrial Production s.a. (MoM) | 1.0% | -0.9% |
| Feb 8 | 11:00 | Industrial Production s.a. w.d.a. (YoY) | 4.2% | 3.5% |
EMU economic indicators - ECB set to keep refi rate unchanged, but to soften its stance by BHF−Bank
However, December output in the German producing sector could have recovered slightly from its setback, despite the deterioration in the correlated indicators and the long holiday weekends.
[ Full Story ]Top Market Movers Review
US PENDING HOME SALES
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Feb 7 | 15:00 | Pending Home Sales (MoM) | -1.5% | -1.0% | -2.6% |
Pending home sales fall in December (Thomson Financial News)
Industry data released Thursday show pending U.S. home sales fell 1.5 percent in December to the second−lowest reading on record, another indication that the housing market is worsening.
[ Full Story ]- Read the Pending Home Sales data at NAR
- December Pending Home Sales Index falls 1.5 pct vs 0.5 pct rise expected (Thomson Financial News)
- US Dec Pending Home Sales fall −1.5% from November; 24.2% down year on year (FXstreet.com)
- US Dec Pending Home Sales −24.2% From Dec 2006 − NAR (Dow Jones)
EMU ECB'S TRICHET SPEAKS
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Feb 7 | 13:30 | ECB's Trichet Speaks | - | - | - |
Trichet reaffirms his concern on anchoring CPI expectations (FXstreet.com)
Jean Claude Trichet, president of the European Central Bank has not changed his speech on monetary policy, and he has reaffirmed the Bank's concern on anchoring inflation as the first goal of its monetary policy, in the press release held after the Bank's decision to maintain interest rates at 4.0% was released.
[ Full Story ]- Read Jean−Claude Trichet's introductory statement at ECB
- Forex − Euro sags after Trichet tones down hawkish stance (Thomson Financial News)
- Trichet says euro area growth was at more moderate pace at yr−end vs Q3 UPDATE (Thomson Financial News)
- Trichet says euro area growth was at more moderate pace at yr−end vs Q3 (Thomson Financial News)
Forex Trading Strategies - ECB's Ever−vigilant Trichet in the spotlight: will he finally recognize EuroZone growth risks? by Saxo Bank
Daily Forex Strategy Briefing - FX Little Changed, Awaiting Trichet by CMS Forex
Currencies at a Glance
- EUR/USD
- Moves downwards with low volatility. MAs are declining gradually.
02/07/2008 16:54 GMT - GBP/USD
- Moves downwards with low volatility. MAs are declining gradually.
02/07/2008 16:57 GMT - USD/CHF
- Moves upwards with high volatility. Immediate resistance is seen at 1.1041.
02/07/2008 14:19 GMT - USD/JPY
- Moves upwards with high volatility. MAs are rising gradually. Support is seen at 106.24.
02/07/2008 17:03 GMT
Analyst Sentiment Index (ASI)
Analysts Sentiment Index - EUR/USD
**Source : ActionForex.com, CMS Forex, Danske Bank A/S, FXstreet.com, Global Forex Trading, Mizuho Corporate Bank
[ View ASI page ] [ View EUR/USD page ]
Charting the Market Movers
GBP USD, Hourly
EUR USD, Hourly
Economic Events
| Date (GMT) | Country | Event | Actual | Cons. | Previous | |
| Feb 7 | 13:30 | US | Continuing Jobless Claims (Jan 26) | 2785K | 2716K | |
| 15:00 | US | Pending Home Sales (MoM) (Dec) | -1.5% | -1.0% | -2.6% | |
| 20:00 | US | Consumer Credit (Dec) | $7.2B | $15.4B | ||
| 23:50 | JP | Core Machinery Orders (MoM) (Dec) | -0.9% | -2.8% | ||
| Feb 8 | 00:01 | UK | NIESR GDP Estimate (QoQ) | 0.5% | ||
| 06:45 | CH | Consumer Price Index (MoM) (Jan) | 0.5% | 0.2% | ||
| 06:45 | CH | Consumer Price Index (YoY) (Jan) | 2.2% | 2.0% | ||