Tuesday, Feb 05, 08:13 GMT
EUROPEAN Trading Newsletter
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Live Sessions Schedule
Outlook for the major currencies this week
Expert: Ian Copsey
Start: Tue, Feb 5, 09:00 GMT
Sponsored by: 
Type of Session: Webinar
FX Instructor Live Trading Room
Expert: Sunil Mangwani
Start: Tue, Feb 5, 10:00 GMT
Sponsored by: 
Type of Session: Webinar
| Sponsored by | ||||
| Tue, Feb 5, 09:00 GMT | Outlook for the major currencies this week | Ian Copsey | WBN | |
| Tue, Feb 5, 10:00 GMT | FX Instructor Live Trading Room | Sunil Mangwani | WBN | |
| Tue, Feb 5, 11:00 GMT | What Moves Currencies? − A look at the GBP crosses | Tony Juste | WBN |  |
| Tue, Feb 5, 13:00 GMT | US Pre−Market Open  | Ed Ponsi | WBN |  |
Current Session: Europe
EUR/USD
Daily Recommended Trades − Euro has traded in a narrow range on yesterday by E−Forex
The Euro has traded in a narrow range on yesterday being supported by 1.4800, facing intra−day resistance on the daily pivot at 1.4840. Support is now formed at 1.4800 backed by 1.4780, 1.4765 and 1.4750. Resistance starts at 1.4825 followed by 1.4840, 1.4880 and 1.4930. Momentum is bullish but losing strength on the daily charts while the hourly indicators are bearish at the time of this report.
- 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 − Forex Technical Report EUR/USD by iFOREX.bg
Currency Majors Technical Analysis by Mataf.net
Currencies at a Glance
- EUR/USD
- Moves sideways below MAs with low volatility Support is seen at 1.4790.
02/04/2008 16:24 GMT - GBP/USD
- Moves upwards with low volatility. Immediate resistance is seen at 1.9784.
02/04/2008 16:29 GMT - USD/CHF
- Moves sideways between MAs with low volatility. Support is seen at 108.75.
02/04/2008 16:32 GMT - USD/JPY
- Moves upwards with low volatility. Support is seen at 106.58.
02/04/2008 16:34 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 PURCHASING MANAGER INDEX SERVICES
| Date (GMT) | Event | Cons. | Previous | |
| Feb 5 | 09:00 | Purchasing Manager Index Services | 52.0 | 53.1 |
Daily Market Outlook by AceTrader
Next week will see the release of eurozone PPI, revised U.S. durable goods and factory orders on Monday; German, eurzone and U.K. PMI service respectively, eurozone retail sales and U.S. ISM non−manufacturing on Tuesday.
[ Full Story ]Top Market Movers Review
Australia RBA INTEREST RATE DECISION
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Feb 5 | 03:30 | RBA Interest Rate Decision | 7.00% | 7.00% | 6.75% |
Asia Market Update - Reserve Bank of Australia leave door open for more rate hikes by Trade The News
The Reserve Bank of Australia hiked interest rates by 25bps to 7.00% and issued a hawkish statement, as widely expected. The RBA cited strong domestic demand, a lack of spare capacity and high global commodity prices as some reasons for the increase in rates.
[ Full Story ]- Read the Interest Rate report at RBA
- Australia's central bank uncommitted on future rate moves − economists (Thomson Financial News)
- Australian dollar higher after interest rate hike (Thomson Financial News)
- Australia's central bank hikes cash target rate to 7.00 percent − UPDATE (Thomson Financial News)
Weekly Analysis - Beware of the Aussie by Finotec Group Inc.
Weekly Review and Outlook − Sterling Tumbled ahead of BoE Cut; RBA to Hike, ECB to Hold by ActionForex.com
Economic Events
| Date (GMT) | Country | Event | Actual | Cons. | Previous | |
| Feb 5 | 00:30 | AU | Retail Sales (MoM) (Dec) | 0.5% | 0.6% | 0.8% |
| 02:00 | NZ | ANZ Commodity Price (Jan) | -1.4% | 0.0% | ||
| 03:30 | AU | RBA Interest Rate Decision (Feb) | 7.00% | 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 | ||
| 10:00 | EMU | Retail Sales (MoM) (Dec) | 0.2% | -0.5% | ||
| 10:00 | EMU | Retail Sales (YoY) (Dec) | -0.8% | -1.4% | ||
| 15:00 | US | ISM Non−Manufacturing (Jan) | 53.0 | 53.9 | ||
| Feb 6 | 00:01 | UK | Nationwide Consumer Confidence (Jan) | 83 | 85 | |