Tuesday, Feb 20, 09:11 GMT
EUROPEAN Trading Newsletter
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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
USD/JPY
Daily Forex Technical Report - Yen Weakens against Euro and Dollar as BoJ Meeting Starts by ActionForex.com
USD/JPY's recovery from 118.97 extends further to 119.96 today and is pressing 120 psychological level again. A short term low should be formed at 118.97 with 4 hours MACD recovered to above signal line and RSI recovered from oversold region.
- Take a look at what our FX Advisor has to say on the main currencies
- Check out how the currency moved on Live Currency Rates & Charts at FXstreet.com
- Follow up the most relevant Economic Data in the new Real Time Economic Calendar
- Be up to date with the Latest Forex News
Other Topics for this Session:
Daily Technical Analysis - EUR: Cautiously testing the top of the ‘flag’ pattern in thin markets by Mizuho Corporate Bank
Forecast on Forex Majors - Forecast on Forex Majors by FX-Strategy
Daily Forex Forecast by FXDream
Currencies at a Glance
- EUR/USD
- Trades around 1.3175
2/20/2007 7:11:25 AM - GBP/USD
- Moves up above 1.9525
2/20/2007 7:13:04 AM - USD/CHF
- Continues to trade around 1.2340
2/20/2007 7:14:37 AM - USD/JPY
- Moving up toward 120.00
2/20/2007 7:16:37 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 M4 Money Supply
| Period | Consensus | Previous | Time |
| January (MoM) | 0.7% | 0.9% | Feb 20, 09:30 GMT |
| January (YoY) | 12.7% | 12.8% | Feb 20, 09:30 GMT |
- David H. Michael, analyst at FXstreet.com:
"M4 Money Supply provides key financial and monetary statistic for UK. It measures monthly change of the volume of sterling in the economy, including notes and coin as well as money held in bank accounts. Money supply have some part on calculating interest rate, so we might see some volatility on the news release." - FXstreet.com
Top Market Movers Review
Germany PPI
| Period | Consensus | Previous | Actual |
| January (MoM) | 0.1% | 0% | 0% |
| January (YoY) | 3.3% | 4.4% | 3.2% |
German PPI, flat on the month; 3.2% up on the year by FXstreet.com
Prices at producer level have remained unchanged in January from December, slightly below the analysts forecasts of a 0.1% increase, as data from the Federal Statistics Office shows. On the year, producer prices have increased 3.2%, sharply below the 5.6% increase registered the year earlier.
[ Full Story ]