Wednesday, Feb 13, 08:12 GMT
EUROPEAN Trading Newsletter
To Get Started
- Webinars VIDEOS: Watch Live Coverage of the US GDP by Jerry Furst
- 2008 Forex Market Predictions by Forex.com
- Trendex: Instant Trading Tips from FX Pros right to your desktop
- World Premiere: The Code of the Schaff Trend Cycle indicator revealed at FXstreet.com
- The Advisor Blog: At the Open.
Note that our messages might be blocked by anti-spam filters so please add newsletter@fxstreet.com or our domain (fxstreet.com) to your address book.
Live Sessions Schedule
FX Instructor Live Trading Room
Expert: Nader Moustafa
Start: Wed, Feb 13, 10:00 GMT
Sponsored by: 
Type of Session: Webinar
What Moves Currencies? − EUR crosses watch
Expert: Tony Juste
Start: Wed, Feb 13, 11:00 GMT
Sponsored by: 
Type of Session: Webinar
| Sponsored by | ||||
| Wed, Feb 13, 10:00 GMT | FX Instructor Live Trading Room  | Nader Moustafa | WBN | |
| Wed, Feb 13, 11:00 GMT | What Moves Currencies? − EUR crosses watch | Tony Juste | WBN | |
| Wed, Feb 13, 13:00 GMT | US Pre−Market Open | Ed Ponsi | WBN |  |
| Wed, Feb 13, 14:00 GMT | Level of Sentiment in the FX Market | Antonio Sousa | WBN |  |
Current Session: Europe
EUR/USD
Forex Technical Analysis − EUR/USD: (1.4572) Medium Term negative € bias while below 1.4680 by KBC Bank
Reversal Day at 1.4956 puts the € on a medium term negative bias while below 1.4680 (daily Medium Term Moving Average↓): 1st Support area at 1.4532 (broken daily Short Term Moving Average↓), with next levels at 1.4513 (daily envelope bottom), ahead of 1.4482 (current week low).
- Longer−term Support and Resistance Trading: Setups and Rules by Rob Booker, Currency Analyst Piptopia
- 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 1.4564
02/13/2008 08:06 GMT - GBP/USD
- Trades above pivot level 1.9557
02/13/2008 08:06 GMT - USD/CHF
- Moves up towards first resistant level 1.1046
02/13/2008 08:08 GMT - USD/JPY
- Trades around pivot level 107.20
02/13/2008 08:09 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
EMU INDUSTRIAL PRODUCTION S.A.
| Date (GMT) | Event | Cons. | Previous | |
| Feb 13 | 10:00 | Industrial Production w.d.a. (YoY) | 2.3% | 2.7% |
| Feb 13 | 10:00 | Industrial Production s.a. (MoM) | 0.6% | -0.5% |
EMU economic indicators - German ZEW economic sentiment is expected to decline in February by BHF−Bank
December EMU industrial production might have increased, just like most of the corresponding national figures. The EMU trade balance is likely to have deteriorated in December, as did the corresponding German figure.
[ Full Story ]Top Market Movers Review
Japan CONSUMER CONFIDENCE HOUSEHOLDS
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Feb 13 | 05:00 | Consumer Confidence Households | 37.5 | 37.5 | 38.0 |
Japan Govt: Jan Consumer Sentiment Index 37.5 Vs 38.0 (Dow Jones)
Consumer sentiment in Japan worsened in January from the previous month, falling for the fourth straight month, the government said Wednesday. The index for the Cabinet Office's consumer confidence survey, which measures consumers' economic outlook for the coming six months, fell 0.5 point to 37.5 in January, its lowest level since June 2003, when it stood at 36.9.
[ Full Story ]- Read the Consumer Confidence report at Japan Cabinet Office
- Japanese January consumer confidence slips to lowest in over four years (Thomson Financial News)
UK RICS HOUSE PRICE BALANCE
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Feb 13 | 00:01 | RICS House Price Balance | -54.7% | -52.5% | -49.1% |
DATA SNAP: UK RICS House Price Balance At 15−Year Low (Dow Jones)
Sentiment in the U.K. housing market sunk to its lowest level since 1992 in January due to further weakness in demand and tighter credit conditions, the Royal Institution of Chartered Surveyors said Wednesday.
[ Full Story ]- Read the House Price Balance report at RISC website
- UK RICS Jan house price balance slumps to −54.7, worsst level since 1992 (Thomson Financial News)
Economic Events
| Date (GMT) | Country | Event | Actual | Cons. | Previous | |
| Feb 12 | 23:50 | JP | Domestic Corporate Goods Price Index (MoM) (Jan) | 0.2% | 0.0% | 0.4% |
| Feb 13 | 00:01 | UK | RICS House Price Balance (Jan) | -54.7% | -52.5% | -49.1% |
| 05:00 | JP | Consumer Confidence (Jan) | 37.9 | 38.3 | ||
| 05:00 | JP | Consumer Confidence Households (Jan) | 37.5 | 37.5 | 38.0 | |
| 09:30 | UK | Average Earnings excluding Bonus (3Mo/Yr) (Dec) | 3.7% | 3.6% | ||
| 09:30 | UK | Average Earnings including Bonus (3Mo/Yr) (Dec) | 3.9% | 4.0% | ||
| 09:30 | UK | Claimant Count Rate (Jan) | 2.5% | 2.5% | ||
| 09:30 | UK | ILO Unemployment Rate (Dec) | 5.3% | 5.3% | ||
| 09:30 | UK | Jobless Claims Change (Jan) | -5.0 | -6.4 | ||
| 10:00 | EMU | Industrial Production s.a. (MoM) (Dec) | 0.6% | -0.5% | ||