Thursday, Feb 01, 08:39 GMT
EUROPEAN Trading Newsletter
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Special Webinar
SPECIAL EVENT: Trade Non-Farm Payrolls LIVE - 9th Edition
Expert: Wayne McDonell
Start: Fri, Feb 2, 13:00 GMT
Sponsored by: 
Type of Session: Webinar
Current Session: Europe
EUR/USD
Daily Market Commentary - Aggressive trading on Wednesday obliterated the quiet market of Tuesday by Global Forex Trading Ltd
Euro/dollar reversed early losses to close at an eight-day high on Wednesday. It's running in a double Fibonacci level and below the neckline of a potential double bottom formation and only a break above them would warrant further strength.
- Check out how the currency moved on Live Currency Rates & Charts at FXstreet.com
- Insight on the fundamentals in the Fundamentals section at FXstreet.com
- What's next on the agenda? Take a look at our Economic Events Calendar
- What's going on in the markets? Read our latest Forex news
Other Topics for this Session:
Forecast on Forex Majors - Forecast on Forex Majors by Saxo Bank
Daily Analysis - Dollar slipped after Fed said inflation would moderate by Finotec Group Inc
US Trading Preview - USD Drifts as Traders Await Data by Forexnews.com
Currencies at a Glance
- EUR/USD
- Trades above 1.3025
2/1/2007 6:15:00 AM - GBP/USD
- Trades above 1.9625
2/1/2007 6:17:19 AM - USD/CHF
- Continues to trade below 1.2450
2/1/2007 6:19:39 AM - USD/JPY
- Trades below 120.75
2/1/2007 6:22:24 AM
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
USD JPY, Hourly
Top Market Movers Preview
Euro Zone Economic Confidence
| Period | Previous | Consensus | Time |
| January | 110.3p | 109.8p | Feb 1, 10:00 GMT |
Friday Notes - Strong Sentiment by HVB Group
Economic sentiment in Euroland should adjust downward, however still remaining solid in January. Incoming data are confirming that in Q1 2007 we are unlikely to witness the significant growth slowdown feared a while ago. Major index components should confirm that this recovery is well entrenched. The industrial index will likely be responsible for the plunge.
[ Full Story ]Top Market Movers Review
Japan vehicle sales
| Period | Previous | Consensus | Actual |
| January | -10.1% | N/A | -10.3% |
Japan Jan new vehicle sales fall for 19th straight month by AFX News
Domestic sales of new cars, trucks and buses, excluding mini vehicles, fell for the 19th straight month in January, with Japanese consumers preferring the fuel-efficient mini vehicles to ordinary automobiles as gasoline prices stayed high, the Japan Automobile Dealers Association said.
[ Full Story ]- Japan's Domestic Auto Sales Down 10.3% On Year In Jan (DowJones)
- Japan 10-year govt bond auction lowest accepted price 99.96 yen; yield 1.704 pct (AFX News)
- Japan's Oct-Dec real GDP annual growth seen at 3.7 pct - report (AFX News)
U.S. Fed Meeting
| Previous | Actual |
| 5.25% | On Hold |
Central Banks - Fed Meeting Review by FXstreet.com
The Fed has left interest rates unchanged at 5.25%; and the dollar is currently coming under pressure. The reaction thus far to the FOMC statement has been dollar bearish, but only to a small degree. The release was well anticipate and the reaction somewhat muted.
- Read the Meeting calendar, statements, and minutes at the Federal Reserve