Wednesday, Feb 28, 08:31 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
USD/CHF
Daily Forex Technical Report - Yen & Swissy Retreat after Meeting Fibo Resistance by ActionForex.com
USD/CHF's sharp decline from 1.2436 has extended to as low as 1.2142, meeting mentioned 61.8% retracement of 1.1878 to 1.2571 at 1.2143 as expected, before recovering mildly. At this point, short term risk remains on the downside and consolidation should be brief as long as upside of recovery is limited below 1.2257 cluster resistance (38.2% retracement from 1.2436 to 1.2142 at 1.2254).
- 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 Forex Commentary - Temperatures rising by Jyske Bank
Forex Technical Analysis - EUR/USD:(1.3217) Targets of ST Triple bottoms from 13045 have been met by KBC Bank
Forex Daily Analysis - Equities Tumble - Will we see the impact in the Forex Market? by ForexYard
Currencies at a Glance
- EUR/USD
- Moving down toward 1.3200
2/28/2007 7:14:03 AM - GBP/USD
- Drops below 1.9595
2/28/2007 7:20:42 AM - USD/CHF
- Continues to move up above 1.2200
2/28/2007 7:21:29 AM - USD/JPY
- Trades above 118.25
2/28/2007 7:22:39 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 UNEMPLOYMENT RATE S.A.
| Date (GMT) | Event | Cons. | Previous | |
| Feb 28 | 13:55 | Unemployment Change | -40K | -106K |
| Feb 28 | 13:55 | Unemployment Rate s.a. | 9.4% | 9.5% |
Friday Notes - USD losing its appeal? by HVB Group
Despite a brief cold spell in January, the winter weather has remained relatively mild so far. For that reason, we do not expect a catch-up effect in February either in the rise in winter unemployment. The growth-related downtrend in adjusted unemployment should also continue after the VAT hike.
[ Full Story ]- Destatis homepage
Top Market Movers Review
Japan INDUSTRIAL PRODUCTION
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Feb 28 | 04:50 | Industrial Production (YoY) | 4.3% | 3.7% | 4.6% |
| Feb 28 | 04:50 | Industrial Production (MoM) | -1.5% | -1.8% | 0.7% |
Japanese industrial output falls in January for 1st time in 3 months - UPDATE (AFX News)
Industrial output fell last month for the first time in three months as makers of automobiles and general machinery reduced their production, preliminary data from the Ministry of Economy, Trade and Industry show.
[ Full Story ]- Read the Preliminary Report on Indices of Industrial Production at METI
- Japanese govt bonds end higher as global equity selloff sparks flight-to-safety (AFX News)
- ROUNDUP Japan industrial output set to fall in Q1 amid IT inventory adjustments (AFX News)
- Takeshi Minami, chief economist at Norinchukin Research Institute: "The figures were slightly better than expected, but it's possible that (Japanese) industrial production for the January-March period could fall into negative territory." - Reuters