Tuesday, Feb 27, 09:44 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
Live Trading with Ed Ponsi
Expert: Ed Ponsi
Start: Thu, Mar 1, 16:00 GMT
Sponsored by:
Type of Session: Webinar
Current Session: Europe
EUR/USD
Daily Market Commentary - The dollar reduced or recovered early losses on Monday by Global Forex Trading Ltd.
Euro/dollar marched higher on Monday to reach is highest level since January 3. Following some minor corrective pullback, the pair should try to make another move higher. Above the high of 1.3196, the pair has strong resistance at 1.3240. There is a pivotal top at 1.3296.
- Have a glance at our latest advisor's comments on the USD
- 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 Recommended Trades - EUR/USD daily outlook by E-Forex
Forecast on Forex Majors - Forecast on Forex Majors by FX-Strategy
Daily Forex and Dow Jones Recommended Levels - Fxtechtrade by FXtechtrade
Currencies at a Glance
- EUR/USD
- Moves down below 1.3170
2/27/2007 7:42:11 AM - GBP/USD
- Drops below 1.9600
2/27/2007 7:42:45 AM - USD/CHF
- Trades around 1.2290
2/27/2007 7:43:20 AM - USD/JPY
- Moving down toward 120.00
2/27/2007 7:43:54 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 CONSUMER PRICE INDEX
| Date (GMT) | Event | Cons. | Previous | |
| Feb 27 | 22:00 | Consumer Price Index (YoY) | 1.8% | 1.6% |
| Feb 27 | 22:00 | Consumer Price Index (MoM) | 0.5% | -0.2% |
Friday Notes - USD losing its appeal? by HVB Group
The VAT hike impacted consumer prices in January less strongly than anticipated. After massive sales in the initial weeks of January, many retailers have only increased prices with a time lag. This should have pushed the y-o-y rate higher in February.
[ Full Story ]- Destatis homepage
- 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." - FXstreet.com
Start the Day - CPI data for the different German states released as from today by Mizuho Corporate Bank
Top Market Movers Review
EMU M3
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Feb 27 | 14:00 | M3 (YoY) | 9.8% | 9.5% | 9.8% |
Euro Zone M3 Increased 9.8% in January (FXstreet.com)
M3 money supply increased in January by 9.8% in the countries sharing the Euro, same progress than December’s, revised up to 9.8% from the initially reported 9.7% increase.
[ Full Story ]- Read the M3 Money supply data at the ECB
- Euro zone M3 growth flat at 9.8 in Jan (AFX News)
- DATA SNAP: Euro-Zone Jan M3 +9.8% On Year +9.8% Dec (Dow Jones)
- Tony Juste, FX advisor at FXstreet.com: "Money in the street is in the range of what we should consider normal, between 7 and 10%. Despite ECB's efforts to bring it as a topic for justifying the battle against inflation, I doubt they really believe such a percentage of money in people's pockets is a real concern. EUR/USD has not reacted at all, trading down from 1.3220 highs." - FXstreet.com