Friday, Feb 16, 08:44 GMT
EUROPEAN Trading Newsletter
To Get Started
- Monthly Webinar - One Day Forex Education Webinar. Feb. 22 @ 16:00 GMT. More Info!
- Are you a fan of Pivot Points? Calculate today's levels with the Pivot Point Calculator
- Check out the rest of our brand New FXstreet.com Newsletters and subscribe now!
- Find out the most complete Forex news service in the net, through Dow Jones real time news
- The Advisor Weblog: USD pressuring the europeans
Special Webinars
FX Lesson of the Day: Defining the trend
Expert: Dave Floyd
Start: Tue, Feb 20, 17:00 GMT
Sponsored by: 
Type of Session: Webinar
Fundamental and Technical Trading Opportunities that we are Watching
Expert: Boris Schlossberg
Start: Wed, Feb 21, 12:00 GMT
Sponsored by: 
Type of Session: Webinar
Current Session: Europe
EUR/USD
Daily Recommended Trades - EUR/USD daily outlook by E-Forex
The Euro couldn't find support on the second half of the 1.31 area on yesterday after it tested bids in the 1.3170 area and declined, ending the day around the same 1.3130 mark where it started. Support is seen at 1.3115 backed by 1.3075 and 1.3020. Resistance starts at 1.3150 and it is followed by 1.3175 and 1.32.
- Take a look at our advisor's comments on the latest USD moves
- Check out how the currency moved on Live Currency Rates & Charts at FXstreet.com
Other Topics for this Session:
Forecast on Forex Majors - Forecast on Forex Majors by FX-Strategy
US Trading Preview - The greenback continues to lose ground against the majors by Forexnews.com
Daily Forex Strategy Briefing - Yen Rises on Strong GDP by CMS Forex
Currencies at a Glance
- EUR/USD
- Continues to trade around 1.3130
2/16/2007 6:49:54 AM - GBP/USD
- Trades around 1.9530
2/16/2007 7:06:32 AM - USD/CHF
- Continues to trade around 1.2350
2/16/2007 7:09:32 AM - USD/JPY
- Trades below 119.35
2/16/2007 7:14:54 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 Trade Balance
| Period | Consensus | Previous | Time |
| December (n.s.a.) | €2.0B | €3.1B | Feb 16, 10:00 GMT |
| December (s.a.) | €3.0B | €4.5B | Feb 16, 10:00 GMT |
- Tony Juste, FX Advisor at FXstreet.com:
"The current battle on currencies depreciation should see another episode today, when Europe should post worse figures than the previous readings. Although it may be something not very much noticeable, the rise in Euro is hurting the overall trade figures, and as in the UK, the surplus could be turned into deficit if things do not change soon." - FXstreet.com
Top Market Movers Review
Germany CPI
| Period | Consensus | Previous | Actual |
| January (MoM) | -0.2% | -0.2% | -0.2% |
| January (YoY) | 1.6% | 1.6% | 1.6% |
German CPI; -0.2 on the month; 1.6% up on the year by FXstreet.com
Annual CPI has increased somewhat in Germany during the month of January due to the rise on the value-added and insurance taxes applied since the first of January. Consumer prices have recorded an annual increment of 1.6%, from 1.4% on the previous month.
[ Full Story ]- Consumer prices in January 2007: + 1.6% on a year earlier - Destatis
- German Jan final CPI down 0.2 pct vs Dec; up 1.6 pct yr-on-yr (AFX News)
- German Final Jan CPI Unrevised At -0.2% MM;+1.6 YY (Dow Jones)
JAPAN TERTIARY INDUSTRY ACTIVITY INDEX
| Period | Consensus | Previous | Actual |
| December (MoM) | -0.1% | -0.1% | -0.4% |
Japan Dec tertiary index down 0.4 pct from Nov; 2nd straight monthly fall by AFX News
The tertiary index, which measures spending in the services sector, dropped 0.4 pct in December from
November, the second consecutive monthly fall, the Ministry of Economy, Trade and Industry said, citing preliminary data. That followed a revised 0.1 pct decline in November from the previous month. Year-on-year, the index rose 1.3 pct following a revised 1.3 pct increase in November.