Tuesday, Feb 12, 08:17 GMT
EUROPEAN Trading Newsletter
To Get Started
- Webinars VIDEOS: Watch Live Coverage of the US GDP by Jerry Furst
- Trendex: Instant Trading Tips from FX Pros right to your desktop
- ECB and BoE: Review of Feb 7 meeting by FXstreet.com
- World Premiere: 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
Outlook for the major currencies this week
Expert: Ian Copsey
Start: Tue, Feb 12, 09:00 GMT
Sponsored by: 
Type of Session: Webinar
FX Instructor Live Trading Room
Expert: Sunil Mangwani
Start: Tue, Feb 12, 10:00 GMT
Sponsored by: 
Type of Session: Webinar
| Sponsored by | ||||
| Mon, Feb 11, 16:00 GMT | Advanced Methods for Finding Dominant Trends in Forex Markets  | Steve Primo | WBN |  |
| Tue, Feb 12, 09:00 GMT | Outlook for the major currencies this week | Ian Copsey | WBN | |
| Tue, Feb 12, 10:00 GMT | FX Instructor Live Trading Room | Sunil Mangwani | WBN | |
| Tue, Feb 12, 11:00 GMT | What Moves Currencies? | Tony Juste | WBN |  |
Current Session: Europe
GBP/USD
Daily Technical Analysis − GBP: Holding above January's low at 1.9337 but hardly a convincing base so far by Mizuho Corporate Bank
Holding above January's low at 1.9337 but hardly a convincing base so far. We really have to start holding above 1.9600 before we can feel a tiny bit more confident.
Strategy: Attempt longs at 1.9525; stop below 1.9300. Add to longs above 1.9650 for 1.9800 short term.
- Intermarket Relationships 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
Currencies at a Glance
- EUR/USD
- Moves down below pivot level 1.4501
02/12/2008 06:07 GMT - GBP/USD
- Moves down back above pivot level 1.9457
02/12/2008 06:07 GMT - USD/CHF
- Moves up trades around pivot level 1.1040
02/12/2008 06:07 GMT - USD/JPY
- Stays below second support level 106.83
02/12/2008 06:07 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 CONSUMER PRICE INDEX
| Date (GMT) | Event | Cons. | Previous | |
| Feb 12 | 09:30 | Consumer Price Index (MoM) | -0.6% | 0.6% |
| Feb 12 | 09:30 | Consumer Price Index (YoY) | 2.3% | 2.1% |
| Feb 12 | 09:30 | Core Consumer Price Index (YoY) | 1.5% | 1.4% |
Daily Forex Commentary - CPI from the UK by Jyske Bank
CPI from the UK is what we see as the most important economic indicator released today. The last few months' inflation has been stabile and slightly above BoE target. Food prices have one of the factors holding up inflation while electricity and gas have been pulling in the other direction.
[ Full Story ]Top Market Movers Review
Australia NATIONAL AUSTRALIA BANK'S BUSINESS CONDITIONS
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Feb 12 | 00:30 | National Australia Bank's Business Conditions | -4 | - | 5 |
Australia's NAB Jan business confidence index falls to lowest since Sept 2001 (Thomson Financial News)
Australian business confidence in January fell to the lowest level since the terrorist attacks in September 2001, the National Australia Bank (NAB) said Tuesday, citing the results of its monthly business survey. Business confidence slumped 9 points to minus 4 last month, its lowest monthly reading in more than six years and its biggest six−month fall in the past 10 years, NAB said.
[ Full Story ]- Read the Business Confidence report at NAB website
UK BRC RETAIL SALES MONITOR − ALL
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Feb 12 | 00:01 | BRC Retail Sales Monitor − All (YoY) | 2.6% | - | 0.3% |
DATA SNAP: UK Retail Sales Recover In Jan On Discounts − BRC (Dow Jones)
U.K. retail sales posted their strongest growth in four months in January, but retailers had to resort to heavy discounting to attract customers following the worst Christmas trading season for three years, the British Retail Consortium said Tuesday. The BRC's monthly survey showed same−store retail sales rose 2.6% on the year in January, the strongest level since September, while total sales increased 4.9% on the year.
[ Full Story ]- Read the Retail Sales report at BRC website
- UK Jan retail sales pick up sharply but discounting rife − BRC (Thomson Financial News)
Economic Events
| Date (GMT) | Country | Event | Actual | Cons. | Previous | |
| Feb 12 | 00:01 | UK | BRC Retail Sales Monitor − All (YoY) | 2.6% | 0.3% | |
| 00:30 | AU | National Australia Bank's Business Conditions (Jan) | -4 | 5 | ||
| 09:30 | UK | Consumer Price Index (MoM) (Jan) | -0.6% | 0.6% | ||
| 09:30 | UK | Consumer Price Index (YoY) (Jan) | 2.3% | 2.1% | ||
| 09:30 | UK | Core Consumer Price Index (YoY) (Jan) | 1.5% | 1.4% | ||
| 09:30 | UK | Retail Price Index (MoM) (Jan) | 0.5% | 0.6% | ||
| 09:30 | UK | Retail Price Index (YoY) (Jan) | 4.1% | 4.0% | ||
| 10:00 | EMU | ZEW Survey − Economic Sentiment (Feb) | -43.0 | -41.7 | ||
| 10:00 | DE | ZEW Survey − Economic Sentiment (Feb) | -45.0 | -41.6 | ||
| 22:00 | US | ABC Consumer Confidence (Feb 10) | -27 | |||