Wednesday, Feb 06, 08:14 GMT
EUROPEAN Trading Newsletter
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Live Sessions Schedule
FX Instructor Live Trading Room
Expert: Nader Moustafa
Start: Wed, Feb 6, 10:00 GMT
Sponsored by: 
Type of Session: Webinar
What Moves Currencies? − Monitoring the carry trade
Expert: Tony Juste
Start: Wed, Feb 6, 11:00 GMT
Sponsored by: 
Type of Session: Webinar
| Sponsored by | ||||
| Wed, Feb 6, 10:00 GMT | FX Instructor Live Trading Room  | Nader Moustafa | WBN | |
| Wed, Feb 6, 11:00 GMT | What Moves Currencies? − Monitoring the carry trade | Tony Juste | WBN | |
| Wed, Feb 6, 13:00 GMT | US Pre−Market Open | Ed Ponsi | WBN |  |
| Wed, Feb 6, 14:00 GMT | Main technical theme in the currency market | Jamie Saettele | WBN |  |
Current Session: Europe
EUR/USD
Daily Recommended Trades − The Euro has declined yesterday by E−Forex
The Euro has declined on yesterday as most medium term studies indicated, breaking the support levels at 1.4800, 1.4750 and all the way down to 1.4625. Support starts now at 1.4625 backed by 1.4590 and 1.4560. Resistance emerges at 1.4660 followed by 1.4690 and 1.4740.
- Exotic Forex Options by S. Wade Hansen, 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 − 1,4645. EUR USD is in a consolidation after the last bearish movement by Mataf.net
Currencies at a Glance
- EUR/USD
- Moves downwards below MAs with high volatility. Support is seen at 1.4631.
02/05/2008 16:10 GMT - GBP/USD
- Moves downwards with. Immediate support is seen at 1.9664.
02/05/2008 16:12 GMT - USD/CHF
- Moves downwards below MAs. Resistance is seen at 1.1058.
02/05/2008 16:16 GMT - USD/JPY
- Moves upwards with low volatility. Support is seen at 106.58.
02/05/2008 16:17 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
UK BRC SHOP PRICE INDEX
| Date (GMT) | Event | Cons. | Previous | |
| Feb 6 | 10:30 | BRC Shop Price Index (MoM) | - | 0.2% |
| Feb 6 | 10:30 | BRC Shop Price Index (YoY) | - | 1% |
GBP/USD Developing Flag Pattern Heading Into ISM News from US by fxKnight.com
[ Full Story ]- Tony Juste, FX Advsor at FXstreet.com: "After the disappointing retail sales data, we are interested to see how the figures of the BRC come out in order to stablish a possible trend in UK retail sales n the short term." − FXstreet.com
Top Market Movers Review
Japan LEADING ECONOMIC INDEX
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Feb 6 | 05:00 | Leading Economic Index | 40.0 | 40.0 | 18.2 |
Japan December Leading Indicators 40.0; Coincident 66.7 (Dow Jones)
Japan's index of leading economic indicators came in at 40.0 in December, falling short of the boom−or−bust threshold of 50.0 for the fifth straight month, the government said Wednesday.
[ Full Story ]- Read the Indexes of Business Conditions at Cabinet Office
- Japan December Leading Indicators Table Of Data (Dow Jones)
- Japan's leading economic index rises to 40.0 in December from 18.2 in November (Thomson Financial News)
Daily Technical Analysis - EUR/JPY: Dropping below the nine−day moving average to last week's low by Mizuho Corporate Bank
Economic Events
| Date (GMT) | Country | Event | Actual | Cons. | Previous | |
| Feb 6 | 00:01 | UK | Nationwide Consumer Confidence (Jan) | 81 | 83 | 85 |
| 05:00 | JP | Leading Economic Index (Dec)  | 40.0 | 40.0 | 18.2 | |
| 10:30 | UK | BRC Shop Price Index (MoM) | 0.2% | |||
| 10:30 | UK | BRC Shop Price Index (YoY) | 1% | |||
| 12:00 | US | MBA Mortgage Applications (Feb 1) | 7.5% | |||
| 13:30 | CA | Building Permits (MoM) (Dec) | -0.5% | -9.9% | ||
| 13:30 | US | Nonfarm Productivity (4Q) | 1.0% | 6.3% | ||
| 15:00 | CA | Ivey Purchasing Managers Index (Jan) | 45.9 | 45.9 | ||
| 15:30 | US | EIA Crude Oil Stocks | 2.3 | |||
| 15:30 | UK | Leading Indicator Index (Dec) | -0.3% | |||