Friday, Feb 08, 09:10 GMT
EUROPEAN Trading Newsletter
To Get Started
- Webinars VIDEOS: Creating and Using a Powerful Trading Plan - Part 1 by Rob Booker
- Brand new Rates & Charts: new providers and new utilities with high−frequency updated data.
- ECB and BoE Live Coverage transcript by FXstreet.com
- The Advisor Blog: At the Open.
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Live Sessions Schedule
What Moves Currencies? − Weekly Wrap−Up
Expert: Tony Juste
Start: Fri, Feb 8, 11:00 GMT
Sponsored by: 
Type of Session: Webinar
US Pre−Market Open
Expert: Ed Ponsi
Start: Fri, Feb 8, 13:00 GMT
Type of Session: Webinar
| Sponsored by | ||||
| Fri, Feb 8, 11:00 GMT | What Moves Currencies? − Weekly Wrap−Up | Tony Juste | WBN | |
| Fri, Feb 8, 13:00 GMT | US Pre−Market Open  | Ed Ponsi | WBN |  |
| Fri, Feb 8, 14:30 GMT | US Session Open | Ed Ponsi | WBN | |
| Fri, Feb 8, 15:00 GMT | Live Trading | Tony Juste | WBN | |
Current Session: Europe
EUR/USD
Daily Recommended Trades − The Euro resumed the decline on yesterday by E−Forex
The Euro resumed the decline on yesterday after the ECB meeting and broke the support at 1.4590, falling to 1.4440. Support is seen now at 1.4470 backed by 1.4440 and 1.4400. Resistance is emerging at 1.4500 followed by 1.4525 and 1.4550. Higher, resistance is also formed by 1.4600.
- 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
FX Analysts' Comments
FOREX New York Session Video February 7, 2008 by Wayne McDonell, FxBootcamp.com
Currencies at a Glance
- EUR/USD
- Moves sideways with low volatility. MAs are declining gradually.
02/08/2008 08:33 GMT - GBP/USD
- Moves downwards with low volatility. MAs are declining gradually.
02/08/2008 08:35 GMT - USD/CHF
- Moves upwards with low volatility. Immediate resistance is seen at 1.1005.
02/08/2008 08:41 GMT - USD/JPY
- Moves upwards with high volatility. MAs are rising gradually. Support is seen at 107.14.
02/08/2008 08:45 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
Germany INDUSTRIAL PRODUCTION S.A.
| Date (GMT) | Event | Cons. | Previous | |
| Feb 8 | 11:00 | Industrial Production s.a. (MoM) | 1.0% | -0.9% |
| Feb 8 | 11:00 | Industrial Production s.a. w.d.a. (YoY) | 4.2% | 3.5% |
EMU economic indicators - ECB set to keep refi rate unchanged, but to soften its stance by BHF−Bank
However, December output in the German producing sector could have recovered slightly from its setback, despite the deterioration in the correlated indicators and the long holiday weekends.
[ Full Story ]Top Market Movers Review
Germany TRADE BALANCE
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Feb 8 | 07:00 | Trade Balance | 10.8B | 16.8B | 19.5B |
DATA SNAP: German Trade, Current Acct Surplus Narrow In Dec (Dow Jones)
Germany's trade surplus nearly halved in December, while its current account also narrowed, data from the Federal Statistics Office showed Friday. The data were well below expectations.
[ Full Story ]- Read the Trade Balance data at German Statistics
- German Dec trade surplus 10.8 bln eur vs 19.5 bln in Nov, consensus 18.0 UPDATE (Thomson Financial News)
- German Dec trade surplus 10.8 bln eur vs 19.5 bln in Nov, consensus 18.0 bln (Thomson Financial News)
- German Trade surplus shrinks in December (FXstreet.com)
Economic Events
| Date (GMT) | Country | Event | Actual | Cons. | Previous | |
| Feb 8 | 06:45 | CH | Consumer Price Index (MoM) (Jan) | -0.3% | 0.5% | 0.2% |
| 06:45 | CH | Consumer Price Index (YoY) (Jan) | 2.4% | 2.2% | 2.0% | |
| 06:45 | CH | SECO Consumer Climate (Jan) | 14 | 11 | 15 | |
| 07:00 | DE | Trade Balance (Dec) | 10.8B | 16.8B | 19.5B |
|
| 11:00 | DE | Industrial Production s.a. (MoM) (Dec) | 1.0% | -0.9% | ||
| 11:00 | DE | Industrial Production s.a. w.d.a. (YoY) (Dec) | 4.2% | 3.5% | ||
| 11:00 | EMU | OECD Euro Zone Leading Indicator Index (Jan) | 98.1 | |||
| 12:00 | CA | Unemployment Rate (Jan) | 5.9% | 5.9% | ||
| 13:15 | CA | Housing Starts s.a (YoY) (Jan) | 202.5K | 187.5K | ||
| 15:00 | US | Wholesale Inventories (Dec) | 0.3% | 0.6% | ||