Monday, Feb 04, 08:31 GMT
EUROPEAN Trading Newsletter
To Get Started
- Webinars VIDEOS: Raghee Horner's Four Step Trading: Forex by Raghee Horner
- NonāFarm Payrolls Live Coverage transcript at FXstreet.com
- Trendex: Instant Trading Tips from FX Pros right to your desktop
- The Advisor Blog: At the Open.
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Live Sessions Schedule
FX Instructor Live Trading Room
Expert: Mihai Marinescu
Start: Mon, Feb 4, 10:00 GMT
Sponsored by: 
Type of Session: Webinar
What Moves Currencies? − Preview of the Week Ahead
Expert: Tony Juste
Start: Mon, Feb 4, 11:00 GMT
Sponsored by: 
Type of Session: Webinar
| Sponsored by | ||||
| Mon, Feb 4, 10:00 GMT | FX Instructor Live Trading Room  | Mihai Marinescu | WBN | |
| Mon, Feb 4, 11:00 GMT | What Moves Currencies? − Preview of the Week Ahead | Tony Juste | WBN | |
| Mon, Feb 4, 12:00 GMT | Weekly Webinar: 1st on Forex − The Week Ahead | Jerry Furst | WBN |  |
| Mon, Feb 4, 13:00 GMT | US Pre−Market Open | Ed Ponsi | WBN |  |
Current Session: Europe
EUR/USD
Daily Recommended Trades − The Euro failed to close higher versus the US dollar by E−Forex
The Euro failed to close higher versus the US dollar on Friday although the NFP data was really bad and could have push the Euro well above the 1.4920 mark towards the psychological key resistance at 1.5. The Euro declined towards the 1.4790 level providing clues that it is not prepared yet to set new all−time highs and the mixed sentiment along with highly volatile moves will continue.
- Introducing Forex Options − by John Jagerson, Founder Profiting With Forex
- Check out how pairs moved: Live Currency Rates & Charts
- Follow up the most relevant Economic Data in the new Real Time Economic Calendar
Forex Technical Report − The Euro retreated sharply on Friday by iFOREX.bg
Daily Forex Technical Report − Aussie Firm after Strong House Price Inflation by ActionForex.com
Currencies at a Glance
- EUR/USD
- Fluctuates between MAs. Support is seen at 1.4789.
02/04/2008 08:20 GMT - GBP/USD
- Moves upwards with a strong positive momentum. Immediate support is seen at 1.9777.
02/04/2008 08:23 GMT - USD/CHF
- Moves sideways with low volatility.
02/04/2008 08:25 GMT - USD/JPY
- Moves sideways with high volatility. Support is seen at 106.50.
02/04/2008 08:31 GMT
Analyst Sentiment Index (ASI)
Analysts Sentiment Index - EUR/USD
**Source : ActionForex.com, CMS Forex, Danske Bank A/S, FXstreet.com, Global Forex Trading, Mizuho Corporate Bank
[ View ASI page ] [ View EUR/USD page ]
Top Market Movers Preview
EMU PRODUCER PRICE INDEX
| Date (GMT) | Event | Cons. | Previous | |
| Feb 4 | 10:00 | Producer Price Index (MoM) | 0.1% | 0.8% |
| Feb 4 | 10:00 | Producer Price Index (YoY) | 4.3% | 4.1% |
European Market Update - European Market Update by Trade The News
[ Full Story ]- Tony Juste, FX Advisor at FXstreet.com: "With inflation fears being the name of the game in the Euro−Zone at the moment, it will be interesting to see the outcome of this data. A soft number should put pressure on the ECB on the interest rates topic, and should also weaken the EUR. In the other hand, a strong reading should put the EUR back to the highs." − FXstreet.com
Top Market Movers Review
Australia TRADE BALANCE
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Feb 4 | 00:30 | Trade Balance | -1936M | -2000M | -2254M |
DATA SNAP: Australian Dec Trade Deficit A$1.9 Bln (Dow Jones)
Australia's seasonally adjusted balance on trade in goods and services narrowed to a deficit of A$1.9 billion in December from a deficit of A$2.2 billion in November, the Australian Bureau of Statistics said Monday.
[ Full Story ]- Read the Trade Balance data at Australian Bureau of Statistics
- Australian dollar surges against greenback ahead of Reserve Bank rate meeting (Thomson Financial News)
Economic Events
| Date (GMT) | Country | Event | Actual | Cons. | Previous | |
| Feb 4 | 00:30 | AU | Trade Balance (Dec) | -1936M | -2000M | -2254M |
| 10:00 | EMU | Producer Price Index (MoM) (Dec) | 0.1% | 0.8% | ||
| 10:00 | EMU | Producer Price Index (YoY) (Dec) | 4.3% | 4.1% | ||
| 15:00 | US | Factory Orders (Dec) | 2.4% | 1.5% | ||
| Feb 5 | 00:30 | AU | Retail Sales (MoM) (Dec) | 0.6% | 0.8% | |
| 02:00 | NZ | ANZ Commodity Price (Jan) | 0% | |||
| 03:30 | AU | RBA Interest Rate Decision (Feb) | 7.00% | 6.75% | ||
| 08:55 | DE | Purchasing Manager Index Services (Jan) | 50.6 | 51.2 | ||
| 09:00 | EMU | Purchasing Manager Index Services (Jan) | 52.0 | 53.1 | ||
| 09:30 | UK | Purchasing Manager Index Services (Jan) | 52.0 | 52.9 | ||