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EUROPEAN Trading Newsletter
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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 - BoJ Hike, Yen Volatile by ActionForex.com
Despite pulling back sharply after reaching 120.52, USD/JPY's downside is still contained above mentioned 119.56 support. Hence, further rally is still in favor to follow. Also, since we're treating price action from 122.17 as consolidation to rally from 114.41 only, sustained trading above 120.35 resistance will indicate fall from 122.05 has already completed and bring retest of 122.17 high.
- Have a look at our advisor's latest Yen comments
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Other Topics for this Session:
USD/JPY Daily Outlook - USD/JPY Daily Outlook by AceTrader
Daily Recommended Trades - EUR/USD daily outlook by E-Forex
Daily Forex and Dow Jones Recommended Levels - Fxtechtrade by FXtechtrade
Currencies at a Glance
- EUR/USD
- Continues to trade around 1.3150
2/21/2007 7:33:09 AM - GBP/USD
- Continues to trade above 1.9560
2/21/2007 7:37:37 AM - USD/CHF
- Continues to move down below 1.2350
2/21/2007 7:38:47 AM - USD/JPY
- Continues to move up above 120.30
2/21/2007 7:41:17 AM
Analyst Sentiment Index (ASI)
Analysts Sentiment Index - USD/JPY
**Source : CMS Forex, Danske Bank A/S, FXstreet.com, Global Forex Trading Ltd. , KBC Bank, Mizuho Corporate Bank
[ View ASI page ] [ View USD/JPY page ]
Charting the Market Movers
EUR USD, Hourly
USD JPY, Hourly
Top Market Movers Preview
UK MPC Minutes
Global FX Daily: U.S. Edition - GBP waiting for Wednesday’s MPC minutes by Mellon Foreign Exchange
A Treasury Select Committee is currently undertaking an inquiry into "The MPC – 10 years on" and as part of that process the Bank of England has submitted a report (published today), which makes observations about all aspects of the economy.
[ Full Story ]Top Market Movers Review
Japan Interest Rate Decision
| Period | Consensus | Previous | Actual |
| Interest Rate | 0.25% | 0.25% | 0.5% |
Bank of Japan lifts overnight rate by 25 bps to 0.50 pct, 1st hike since July by AFX News
The Bank of Japan said its policy board voted to raise the overnight call rate target to 0.50 pct from 0.25 pct, effective immediately, confident the economy can sustain its recovery. The BoJ said the vote was eight to one as Kazumasa Iwata, the central bank's deputy governor, opposed the rate hike.
[ Full Story ]- Monetary Policy Meetings: Announcement of Decisions - Bank of Japan
- Forex - Yen firms after Bank of Japan governor reportedly proposes rate hike (AFX News)
- Bank of Japan governor proposes hiking interest rates - NHK (AFX News)
Australia 4Q Wage Index
| Period | Consensus | Previous | Actual |
| December (QoQ) | 0.9% | 0.8% | 1.1% |
| December (YoY) | 3.9% | 3.8% | 4.0% |
Australia 4Q Wage Index +1.1% On Qtr Vs Consensus +1.0% by Dow Jones
Australian wages excluding bonuses rose 1.1% in the fourth quarter of 2006 from the third quarter and rose 4.0% from a year earlier, Australian Bureau of Statistics labor price data issued Wednesday show.
[ Full Story ]- Wage Index - Australian Bureau of Statistics
- Australia 4Q Wage Index +1.1% On Qtr Vs Consensus +1.0% -2- (Dow Jones)