Wednesday, Feb 14, 08:23 GMT
EUROPEAN Trading Newsletter
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Topics
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Current Session: Europe
GBP/USD
US Trading Preview - The greenback continues to trade lower against the euro and sterling by Forexnews.com
Cable will encounter interim support at 1.9450, followed by 1.94 and 1.9370. Subsequent floors are seen at 1.9330, backed by 1.93 and key support at 1.9260 – the low from January. On the upside, gains will target ceilings at 1.95, followed by 1.9540 and 1.96. Additional resistance is eyed at 1.9630, backed by 1.9675 and 1.97.
- 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 FX-Strategy
Today's Technical Trading Points - Today's Technical Trading Points by Danske Bank A/S
Daily Forex and Dow Jones Recommended Levels - Fxtechtrade by FXtechtrade
Currencies at a Glance
- EUR/USD
- Moving up toward 1.3100
2/14/2007 8:18:49 AM - GBP/USD
- Trades above 1.9450
2/14/2007 5:03:28 AM - USD/CHF
- Trades below 1.2475
2/14/2007 5:16:19 AM - USD/JPY
- Trades below 121.30
2/14/2007 5:21:09 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
UK Average Earnings
| Period | Previous | Consensus | Time |
| December | 3.7% | 3.7% | Feb 14, 09:30 GMT |
Friday Notes - Wage growth still subdued in Dec by HVB Group
December wage growth (ex-bonus) is expected to rise only marginally to 3.8% y-o-y. Indeed, the effect of the ongoing round of wage negotiations is not likely to be felt already in December. We expect a gradual pick-up in wage growth in the months to come, starting from January. We also see Jan unemployment to hardly move from the 3% level.
[ Full Story ]Top Market Movers Review
Japan Indstrial Production
| Period | Previous | Consensus | Actual |
| December | 0.7% | 0.7% | 0.9% |
Japan Dec Revised Indus Output +0.9% On Month by Dow Jones
The Japanese government Wednesday revised industrial output data for December to show a better performance in production and shipments than it initially reported about two weeks ago, indicating that a robust corporate performance continues to power the economy.
[ Full Story ]- Revised Report on Indices of Industrial Production - METI
- Japan Dec industrial output up 0.9 pct from Nov, better than initial estimate (AFX News)
- BoJ's Fukui says risks to sustained growth of Japan economy not fading (AFX News)
- Japan Dec Unadjusted Curr Acct Surplus Down 5.0% On Yr (Dow Jones)
- Japan Dec current account surplus falls 5.0 pct to 1.777 trln yen (AFX News)