Monday, Feb 23, 17:12 GMT
ASIA-PACIFIC Trading Newsletter
To Get Started
- WEBINAR VIDEOS: My Favorite Patterns To Trade by Derek Frey
- All the events of the day in our Economic Calendar
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Forex Blogs
The Advisor Blog: Eur/Usd wide range by Valeria Bednarik
The peak close to 1.3000 leave the pair exhausted, and turned indicators to the downside. The 200 EMA probed again to be a good resistance for the pair, and the Euro remains weak.
Forex Trading Today: Bearish EUR/USD Continues as Gold Corrects with $ Strength by Tim Salem
Find other felow traders to share your comments and market view in the FOREX CHAT
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Live Sessions Schedule
The Weather Report: Ichimoku Cloud Trading
Expert: Chris Capre
Start: Tue, Feb 24, 15:00 GMT
Type of Session: Webinar
Trading with Autochartist
Expert: Raghee Horner
Start: Tue, Feb 24, 16:00 GMT
Type of Session: Webinar
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| Mon, Feb 23, 17:00 GMT | Weekly Webinar: 1st on Forex − The Week Ahead | Jerry Furst | WBN |  |
| Tue, Feb 24, 12:00 GMT | FX Instructor Live Trading Room  | Mark De La Paz | WBN |  |
| Tue, Feb 24, 13:00 GMT | US Pre−Market Open | Ed Ponsi | WBN |  |
| Tue, Feb 24, 14:30 GMT | US Session Open | Ed Ponsi | WBN | |
| Tue, Feb 24, 15:00 GMT | The Weather Report: Ichimoku Cloud Trading | Chris Capre | WBN | |
Current Session: U.S.
U.S. markets turn negative, Euro and Pound drop mildly
FXstreet.com − U.S. markets have posted gains at the opening on news of U.S. Government increasing its stake at Citibank, although the sentiment has turned around an hour later an markets entered on red numbers, Euro and Pound have dropped some ground.
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EUR/USD is in a consolidation after the last bullish movement by Mataf.net
The volatility decreases. Bollinger bands are tightened. ForexTrend 1H (Mataf Trend Indicator) is in a bullish configuration. The consolidation should continue. The price should continue to move in 1,2780 / 1,3000 range.
Risk appetite shows its head – U.S Govt. to up its stake in Citi by ACM − Advanced Currency Markets
The dollar gave in the closing hours of last Friday's trading day on reports a major U.S bank was in talks with the government for funds to recapitalize. The EURUSD traded from 1.2630 levels to a high of 1.2872 as the U.S banking sector had to be bailed out yet again to secure its financial viability.
Analyst Sentiment Index (ASI)
Analysts Sentiment Index - EUR/USD
**Source : ActionForex.com, CMS Forex, Danske Bank A/S, FXstreet.com, i-knowindices.com, Mizuho Corporate Bank, MolFX - Management
[ View ASI page ] [ View EUR/USD page ]
Charting the Market Movers
GBP USD, Hourly
EUR USD, Hourly
Top Market Movers Preview
Germany IFO − BUSINESS CLIMATE
| Date (GMT) | Event | Cons. | Previous | |
| Feb 24 | 09:00 | IFO − Expectations | 81.1 | 79.4 |
| Feb 24 | 09:00 | IFO − Business Climate | 83.1 | 83.0 |
EMU economic indicators - German ifo business climate (February): more or less unchanged by BHF−Bank
The ifo business climate for Germany might have remained more or less unchanged in February; business expectations could have improved, but the current assessment will probably have deteriorated.
[ Full Story ]Top Market Movers Review
Canada RETAIL SALES
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Feb 23 | 13:30 | Retail Sales ex Autos (MoM) | -3.2% | -1.5% | -2.3% |
| Feb 23 | 13:30 | Retail Sales (MoM) | -5.4% | -2.4% | -2.4% |
USD/CAD: Canadian Dollar strengthens despite bad retail sales data (FXstreet.com)
USD/CAD has dropped from a daily−high some pips short of 1.2550 resistance level to support line almost 100 pips below at 1.2455, despite worse than expected Canadian retail sales. Retail turnover has declined 5.4% in December, instead f the 2.1% consensus decline, however, the Canadian Dollar has rallied almost 100 pips in the hour after figures were released.
[ Full Story ]- Read the Retail Sales data at Statistics Canada
- Canadian Retailers See Worst Month in Over 15 Years (CEP News)
- Canadian Retail Sales at −5.4%, core at −3.2% (FXstreet.com)
- Monday's Events: Canadian Retail Sales, Fed's Lockhart Speaks (CEP News)
Trading News Report - USD/CAD: Trading the Canadian Retail Sales Report by FXCM
Economic Events
| Date (GMT) | Country | Event | Actual | Cons. | Previous | |
| Feb 23 | 13:30 | CA | Retail Sales (MoM) | -5.4% | -2.4% | -2.4% |
| 13:30 | CA | Retail Sales ex Autos (MoM) | -3.2% | -1.5% | -2.3% | |
| 17:40 | US | Fed's Lockhart speech | ||||
| 23:50 | JP | BoJ Minutes | ||||
| 23:50 | JP | Corporate Service Price (YoY) | -2.5% | -2.5% | ||
| Feb 24 | 08:15 | CH | Employment Level (QoQ) (4Q) | 3.91M | 3.96M | |
| 09:00 | EMU | Current Account n.s.a (Dec) | -13.9B | |||