Wednesday, Feb 07, 10:17 GMT
EUROPEAN Trading Newsletter
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Special Webinars
The FX Trading Desk
Expert: Dave Floyd
Start: Wed, Feb 7, 17:00 GMT
Sponsored by: 
Type of Session: Webinar
Topics
- Charts
- News releases
- Trading styles & techniques
ECB Policy in 2007
Expert: Joseph Trevisani
Start: Thu, Feb 8, 14:00 GMT
Sponsored by: 
Type of Session: Webinar
Topics
- Factors European interest rate policy
- ECB anti-inflation mandate play in rate policy
Current Session: Europe
GBP/USD
Daily Market Commentary - The dollar recouped losses against the yen after Treasury Secretary Paulson lessened speculation by Global Forex Trading Ltd
Sterling/dollar managed again to break the tip of a triangle on Tuesday, when it rallied aggressively to reverse Monday's losses. The recovery was helped by a strong retail sales report. Again, the pair needs more information before a new direction ensues.
- 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:
US Trading Preview - The dollar remains softer across the board by Global Forex Trading Ltd.
Daily Recommended Trades - EUR/USD outlook by E-Forex
Daily Forex Strategy Briefing - EUR/USD on Vital Technical Support by CMS Forex
Charting the Market Movers
EUR USD, Hourly
USD JPY, Hourly
Top Market Movers Preview
New Zealand Unemployment
| Period | Previous | Consensus | Time |
| December (4Q) | 3.8% | 3.8% | Feb 7, 21:45 GMT |
Economic Release Alert - New Zealand Unemployment (4Q) by FXCM
Economists predict that the New Zealand economy added jobs through year-end 2006, as a Q3 decline left room for a modest rebound. Though forecasts of 3.8 percent unemployment are still above Q2 record-lows of 3.6 percent, strength in employment remains one of the primary drivers of domestic economic growth.
[ Full Story ]Top Market Movers Review
RBA Rate Decision
| Previous | Movement |
| 6.25% | On Hold |
Overnight Briefing: Far East Timezone - Australia's central bank holds on rates by Jyske Bank
The Australian dollar held firm within a narrow range against the U.S. currency on Wednesday after the Reserve Bank of Australia kept interest rates steady at 6.25 %, as widely expected by financial markets. The board of the central bank does not comment on its reasoning when leaving policy unchanged, but the Reserve Bank will release its quarterly statement on monetary policy next week, which many analysts expect to maintain a tightening bias.
[ Full Story ]- RBA Board decided to leave the cash rate target unchanged at 6.25 per cent - RBA
- Australia's central bank leaves official cash rate at 6.25 pct (AFX News)
- Australia's Cashcard Retail Sales +0.9% In Jan Vs Dec (Dow Jones)
- Australia Jan Performance Construction Index -3.7 Pts Vs Dec (Dow Jones)
- Australian Leading Employment Indicator Fell In Feb (Dow Jones)