Monday, Feb 26, 08:53 GMT
EUROPEAN Trading Newsletter
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Special Webinars
Midweek Technical Outlook with Derek Sugalski
Expert: Derek Sugalski
Start: Wed, Feb 28, 17:00 GMT
Sponsored by: 
Type of Session: Webinar
Topics
- Upcoming news events as potential catalysts
- Technical summary of market developments
- Forecasting end of week directional bias and turning points
Current Session: Europe
EUR/USD
U.S. Forex Market Commentary - U.S. Forex Market Commentary by GCI
The euro gained ground vis-Ã -vis the U.S. dollar today as the single currency tested offers around the US$ 1.3155 level and was supported around the $1.3100 figure. Technically, today's intraday high was right around the 23.6% retracement of the move from $1.2480 to $1.3360.
- Have a look at our advisor's latest USD comments
- 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:
US Trading Preview - The dollar slumped against the majors at the start of the week by Forexnews.com
Currency Journal: Dollar retreats on Iran issues, data ahead in the week by Performance Capital
Daily Forex Outlook - U.S. Dollar was mixed against all other majors on Friday to end the week by Easy Forex
Currencies at a Glance
- EUR/USD
- Trades around 1.3175
2/26/2007 7:13:12 AM - GBP/USD
- Trades below 1.9635
2/26/2007 7:19:18 AM - USD/CHF
- Moves up above 1.2310
2/26/2007 7:20:24 AM - USD/JPY
- Trades above 120.90
2/26/2007 7:21:07 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
Germany Import Price Index
| Date (GMT) | Event | Previous |
| Feb 26, 17:00 | Germany Import Price Index (MoM) | -0.3% |
- Tony Juste, FX Advisor at FXstreet.com:
"A declining consumer confidence coupled with a lower-than-expected inflation in Germany, if data comes out as expected, should set a clear warning to policy makers that further tightening is not welcome among those who have to deal with it (families), despite what many so-called economists may be targeting. Germany's inflation in both consumption and producer prices could show that the trend is not rising that fast to go for any move in the near term, or that in the event o a move should be the last one for quite some time." - FXstreet.com
Top Market Movers Review
Germany GfK Confidence
| Date (GMT) | Actual | Previous |
| 26 Feb, 07:00 | 4.4 | 4.9 |
German GfK Consumer Sentiment Deteriorates In March by Dow Jones
German consumer confidence is likely to deteriorate further in March, as households continue to put off bigger purchases, a survey from market research group GfK showed Monday.
[ Full Story ]- Consumer climate Germany: forecast weakness sets in - GfK Group
- Germany's GFK sees March consumer climate index 4.4 pts vs revised 4.9 in Feb (AFX News)
BoJ Minutes
Bank of Japan's forward-looking policy, data-dependence can coexist by AFX News
The Bank of Japan's nine-member policy board agreed at a regular meeting last month that the central bank does not change interest rates based on a schedule set in advance and that it can maintain its "forward-looking" policy while being "data-dependent," the minutes of the Jan 17-18 meeting released today showed.
[ Full Story ]- Read the Minutes of the Monetary Policy Meeting on January 17 and 18, 2007 - BoJ [PDF, 54k]
- Japan's huge financial assets to support growth, says BoJ's Fukui (AFX News)
- Toshihiko Fukui, Bank of Japan governor:
"The Japanese household financial assets appear to have the considerable potential power still asleep and unused as risk money." - AFX News