Friday, Feb 15, 08:17 GMT
EUROPEAN Trading Newsletter
To Get Started
- Webinars VIDEOS: Day Trading Series - Chapter III: Developing a Profitable Trading Strategy (Part 1) by Markus Heitkoetter
- Check our Forex Brokers Information Table
- Global Chartbook: February 2008 by Wachovia
- 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
What Moves Currencies? − Weekly Wrap−Up
Expert: Tony Juste
Start: Fri, Feb 15, 11:00 GMT
Sponsored by: 
Type of Session: Webinar
US Pre−Market Open
Expert: Ed Ponsi
Start: Fri, Feb 15, 13:00 GMT
Type of Session: Webinar
| Sponsored by | ||||
| Fri, Feb 15, 11:00 GMT | What Moves Currencies? − Weekly Wrap−Up | Tony Juste | WBN | |
| Fri, Feb 15, 13:00 GMT | US Pre−Market Open  | Ed Ponsi | WBN |  |
| Fri, Feb 15, 14:30 GMT | US Session Open | Ed Ponsi | WBN | |
| Fri, Feb 15, 15:00 GMT | Live Trading | Tony Juste | WBN | |
Current Session: Europe
EUR/USD
Daily Market Commentary − The markets didn't like Paulson's and Bernanke's reality−filled views on the housing and employment by Global Forex Trading
Euro/dollar rallied to a one−week high on Thursday, but has yet to exit from an inside range. Only a break above 1.4650 would nullify the downside risk. Above 1.4650, strong resistance is at 1.4730. Distant resistance follows at 1.4848. Immediate support is at 1.4600. Next support comes at 1.4525 from a rising trendline. Below the pivot at 1.4440, there are two other pivot points at 1.4367 and 1.4311.
- 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
Forex Technical Report − Forex Technical Report EUR/USD by iFOREX.bg
Currencies at a Glance
- EUR/USD
- Moves up towards first resistant level 1.4677
02/15/2008 08:05 GMT - GBP/USD
- Trades above pivot level 1.9680
02/15/2008 08:05 GMT - USD/CHF
- Trades around opening price level 1.0977 , below pivot level 1.1012
02/15/2008 08:06 GMT - USD/JPY
- Moves up above pivot level 108.07
02/15/2008 08:07 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
EMU TRADE BALANCE S.A.
| Date (GMT) | Event | Cons. | Previous | |
| Feb 15 | 10:00 | Trade Balance n.s.a. | €0.5B | €2.6B |
| Feb 15 | 10:00 | Trade Balance s.a. | €2.5B | €2.7B |
EMU economic indicators - German ZEW economic sentiment is expected to decline in February by BHF−Bank
The EMU trade balance is likely to have deteriorated in December, as did the corresponding German figure.
[ Full Story ]Top Market Movers Review
Japan BOJ INTEREST RATE DECISION
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Feb 15 | 03:51 | BoJ Interest Rate Decision | 0.5% | 0.5% | 0.5% |
Bank of Japan keeps overnight call rate target at 0.5 percent (Thomson Financial News)
The Bank of Japan kept its overnight call rate target unchanged at 0.5 percent for the 14th straight meeting on Friday, as widely expected. This gives the Japanese central bank time to further assess the impact of the credit crisis on financial markets and if weakness in the US housing market will derail growth in the world's largest economy following aggressive rate cuts there.
[ Full Story ]- Read the Interest Rate Decision report at Bank of Japan
- Bank of Japan leaves February economic assessment unchanged − UPDATE (Thomson Financial News)
- Bank of Japan leaves February economic assessment unchanged (Thomson Financial News)
- Bank of Japan keeps overnight call rate target at 0.5 percent − UPDATE (Thomson Financial News)
- Tony Juste, FX Advisor at FXstreet.com: "I am not expecting anything new from the BoJ, as they must be quite pleased with the way the JPY is doing at the moment, so no need for them to come out and put the markets on alert." − FXstreet.com
Economic Events
| Date (GMT) | Country | Event | Actual | Cons. | Previous | |
| Feb 14 | 21:45 | NZ | Retail Sales (MoM) (Dec) | 0.1% | 2.0% | |
| Feb 15 | 03:51 | JP | BoJ Interest Rate Decision | 0.5% | 0.5% | 0.5% |
| 06:00 | JP | Bank of Japan Monthly Economic Survey | ||||
| 06:30 | JP | BoJ's Governor Fukui Speech | ||||
| 10:00 | EMU | Trade Balance n.s.a. (Dec) | €0.5B | €2.6B | ||
| 10:00 | EMU | Trade Balance s.a. (Dec) | €2.5B | €2.7B | ||
| 13:30 | US | Import Price Index (MoM) (Jan) | 0.5% | 0.0% | ||
| 13:30 | US | Import Price Index (YoY) (Jan) | 12.8% | 10.9% | ||
| 13:30 | CA | Manufacturing Shipments (MoM) (Dec) | -0.1% | 1.1% | ||
| 13:30 | US | NY Empire State Manufacturing Index (Feb) | 7.30 | 9.03 | ||