Thursday, Feb 07, 09:27 GMT
EUROPEAN Trading Newsletter
To Get Started
- Webinars VIDEOS: Creating and Using a Powerful Trading Plan - Part 1 by Rob Booker
- Central Banks: ECB and BoE − Preview of Feb 7 meeting by FXstreet.com
- Featured Event: The Code of the Schaff Trend Cycle indicator revealed at FXstreet.com
- The Advisor Blog: At the Open.
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Live Sessions Schedule
What Moves Currencies? − It's Central Banks day
Expert: Tony Juste
Start: Thu, Feb 7, 11:00 GMT
Sponsored by: 
Type of Session: Webinar
Pivot Points
Expert: Valeria Bednarik
Start: Thu, Feb 7, 15:00 GMT
Type of Session: Webinar
Topics
− Definition. suports and resistances coming from pivots and how to use them
− Different ways to trade them
| Sponsored by | ||||
| Thu, Feb 7, 11:00 GMT | What Moves Currencies? − It's Central Banks day | Tony Juste | WBN | |
| Thu, Feb 7, 13:00 GMT | US Pre−Market Open  | Ed Ponsi | WBN |  |
| Thu, Feb 7, 14:30 GMT | Weekly Technical Briefing | Dan Blystone | WBN | |
| Thu, Feb 7, 15:00 GMT | Pivot Points | Valeria Bednarik | WBN | |
Current Session: Europe
USD/JPY
Daily Market Commentary − The dollar made little progress on Wednesday, but didn't incur much pressure by Global Forex Trading
Euro/dollar recouped most of its losses after dipping to a near two−week low. The downside remains guardedly favored since 1.4612 broke. Below 1.4612, support is still seen at 1.4580. The next levels are 1.4545 and 1.4490. There is a pivot low at 1.4367. Above 1.4690, resistance now comes at 1.4730.
- 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
Daily Recommended Trades − EUR/USD daily outlook by E−Forex
Daily Forex Strategy Briefing − FX Little Changed, Awaiting Trichet by CMS Forex
Currencies at a Glance
- EUR/USD
- Moves sideways with low volatility. MAs are declining gradually.
02/07/2008 08:21 GMT - GBP/USD
- Moves sideways with low volatility. MAs are declining gradually.
02/07/2008 08:26 GMT - USD/CHF
- Moves sideways just above MAs. Support is seen at 1.0962.
02/07/2008 08:29 GMT - USD/JPY
- Moves upwards with low volatility. MAs are rising gradually. Support is seen at 106.33.
02/07/2008 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 ]
Charting the Market Movers
USD JPY, Hourly
GBP USD, Hourly
Top Market Movers Preview
UK INDUSTRIAL PRODUCTION
| Date (GMT) | Event | Cons. | Previous | |
| Feb 7 | 09:30 | Industrial Production (YoY) | 1.0% | 0.4% |
| Feb 7 | 09:30 | Industrial Production (MoM) | 0.2% | -0.1% |
Friday Notes - Central banks in easing mode by HVB Group
Although both the PMI and the Confederation of British Industry indicators have been pointing to a weakening manufacturing sector in recent months, the preliminary GDP estimate showed a slight acceleration in output growth for Q4 2007.
[ Full Story ]Top Market Movers Review
Switzerland UNEMPLOYMENT RATE
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Feb 7 | 06:45 | Unemployment Rate s.a. | 2.6% | 2.6% | 2.6% |
| Feb 7 | 06:45 | Unemployment Rate | 2.8% | 2.8% | 2.8% |
Swiss unemployment remains unchanged at 2.8% in January (FXstreet.com)
Unemployment rate has remained in January at the same level as in December despite the slight increase of unemployed workers, according to the Swiss secretary of economics.
[ Full Story ]- Read the Employment data at SECO
- Swiss January unemployment unchanged at 2.8 pct (Thomson Financial News)
Economic Events
| Date (GMT) | Country | Event | Actual | Cons. | Previous | |
| Feb 6 | 21:45 | NZ | Unemployment Rate (4Q) | 3.4% | 3.6% | 3.5% |
| Feb 7 | 06:00 | JP | Machine Tool Orders (YoY) (Jan)  | -1.0 | 3.7 | |
| 06:45 | CH | Unemployment Rate (Jan) | 2.8% | 2.8% | 2.8% | |
| 06:45 | CH | Unemployment Rate s.a. (Jan) | 2.6% | 2.6% | 2.6% | |
| 09:30 | UK | Industrial Production (MoM) (Dec) | 0.2% | -0.1% | ||
| 09:30 | UK | Industrial Production (YoY) (Dec) | 1.0% | 0.4% | ||
| 11:00 | DE | Factory Orders n.s.a. (YoY) (Dec) | 11.1% | 13.6% | ||
| 11:00 | DE | Factory Orders s.a. (MoM) (Dec) | -2.0% | 3.4% | ||
| 12:00 | UK | BoE Interest Rate Decision | 5.25% | 5.50% | ||
| 12:45 | EMU | ECB Interest Rate Decision | 4% | 4% | ||