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EUROPEAN Trading Newsletter

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Current Session: Europe

USD/JPY

Currency Tracker - USD/JPY to return to 120.40 and 120.90 by The Chart Manager

Last week's drop has brought Dollar/Yen back to channel support and leaves it in an ambiguous position. A firm rise now will be an opportunity to resume the long-term rally, but a break of 120.90 is needed to confirm it. On the other hand, the failure to hold above the 2005 peak of 121.40 warns that a decline back to the 108.95 low is possible.

[ Full Story ]

Take a look at our advisor's comments on the GBP and Dollar
Check out how the currency moved on Live Currency Rates & Charts at FXstreet.com

Currencies at a Glance

EUR/USD: Trades around 1.3150
2/19/2007 7:02:55 AM
GBP/USD: Moves up above 1.9540
2/19/2007 7:03:49 AM
USD/CHF: Trades around 1.2340
2/19/2007 7:04:50 AM
USD/JPY: Continues to trade around 119.40
2/19/2007 7:05:34 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

Germany PPI

Period	Consensus	Previous	Time
January	0.1%	0%	Feb 20, 07:00 GMT

Tony Juste, FX Advisor at FXstreet.com:
"Germany's producer prices are one of the measures the ECB has to gauge what may be next for inflationary pressures, if any. The data is out right at the open of the European session, and I do feel we will have some volatility, as market is monitoring very closely all the news regarding the topic of inflation in the Eurozone." - FXstreet.com

Top Market Movers Review

UK Rightmove house prices

Period	Consensus	Previous	Actual
February	N/A	0.5%	0.9%

Overnight Briefing: Far East Timezone - UK house prices by Jyske Bank

Asking prices for homes in Britain rose an annual 11.5 % this month, the weakest reading in four months, in a sign the market is stabilising amid higher borrowing costs. Property Web site Rightmove said February's annual rate compared with a 13.5 % rate in January and was the lowest since last October.