Wednesday, Feb 20, 08:25 GMT
EUROPEAN Trading Newsletter
To Get Started
- Webinars VIDEOS: Using CCI and Stochastics For Long and Short Term Forex Trading by Sam Seiden
- Releasing the Code to the Schaff Trend Cycle by Doug Schaff
- Monthly Webinar with Wayne McDonell. Thurs, 21st - Register now
- FXstreet.com offers all currencies of the world just log in and choose your favorite crosses.
- 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
What Moves Currencies? − Watching the GBP
Expert: Tony Juste
Start: Wed, Feb 20, 11:00 GMT
Sponsored by: 
Type of Session: Webinar
Main Fundamental theme in the Currency market
Expert: Kathy Lien
Start: Wed, Feb 20, 14:00 GMT
Sponsored by: 
Type of Session: Webinar
| Sponsored by | ||||
| Wed, Feb 20, 10:00 GMT | FX Instructor Live Trading Room  | Nader Moustafa | WBN |  |
| Wed, Feb 20, 11:00 GMT | What Moves Currencies? − Watching the GBP | Tony Juste | WBN | |
| Wed, Feb 20, 14:00 GMT | Main Fundamental theme in the Currency market | Kathy Lien | WBN | |
| Wed, Feb 20, 15:00 GMT | Combining Indicators and True Support (demand) and Resistance (supply) | Sam Seiden | WBN |  |
Current Session: Europe
EUR/USD
Daily Market Commentary − The dollar made the expected decline versus the euro, franc and yen on Tuesday by Global Forex Trading
Euro/dollar surged to a two−week high on Tuesday. The pair should attempt to pad its gains today, but the pace of the upmove should decelerate. Initial resistance remains at 1.4765. Above it, resistance remains at 1.4800 and 1.4835.
- Trading Gaps in the Forex by John Jagerson, 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
Currency Majors Technical Analysis by Mataf.net
Currencies at a Glance
- EUR/USD
- Trades around pivot level 1.4707
02/20/2008 07:55 GMT - GBP/USD
- Trades around pivot level 1.9493
02/20/2008 07:56 GMT - USD/CHF
- Trades around pivot level 1.0958
02/20/2008 07:56 GMT - USD/JPY
- Moves down below pivot level 107.75
02/20/2008 07:57 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 BANK OF ENGLAND MINUTES
| Date (GMT) | Event | Cons. | Previous | |
| Feb 20 | 09:30 | Bank of England Minutes | - | - |
Daily Forex Technical Report − An Eventful Day with BoE & FOMC Minutes, Plus US CPI & Housing by ActionForex.com
Sterling continues to trade with an undertone ahead of BoE minutes for Feb meeting there a 25bps rate cut to 5.25% was decided.
[ Full Story ]Top Market Movers Review
Germany PRODUCER PRICE INDEX
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Feb 20 | 07:00 | Producer Price Index (MoM) | 0.8% | 0.3% | -0.1% |
| Feb 20 | 07:00 | Producer Price Index (YoY) | 3.3% | 2.8% | 2.5% |
DATA SNAP: German Jan PPI +0.8% On Month, +3.3% On Year (Dow Jones)
German producer prices accelerated more sharply than expected in January, primarily due to energy costs, the Federal Statistics Office Destatis said Wednesday.
[ Full Story ]- Read the Producer prices January 2008 data at German Statistics
- German Jan PPI up 0.8 pct from Dec, up 3.3 pct yr−on−yr (Thomson Financial News)
- German producer prices rise somewhat above expectations in January (FXstreet.com)
- German Producer Price Index rises 0.8%in January; 3.3% up on the year (FXstreet.com)
- Tony Juste, FX Advisor at FXstreet.com: "With recent data pointing to a rising inflation fears in the zone, the PPI will give us a confirmation − denial of such fears. Having said that, the PPI is currently a minor event that I do not expect it to move the currencies much." − FXstreet.com
Daily Technical Strategist - EURUSD: Consolidates, Recovery Continues To Target The 1.4751/52 zone by FXTechstrategy
Japan BOJ MINUTES
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Feb 19 | 23:50 | BoJ Minutes | - | - | - |
Bank of Japan wary of greater downside risks in US, minutes of Jan meeting show (Thomson Financial News)
The Bank of Japan's policy board reaffirmed at its late January meeting that it will pay closer attention to increased downside risks in the US caused by the credit crunch and the weak housing market, minutes of the meeting released Wednesday show.
[ Full Story ]- Read the Minutes of Meeting at Bank of Japan
- Japan Outlook: BOJ Jan Minutes; NEC Corp Pres Yano Speaks (Dow Jones)
- Japan govt to downgrade economic assessment for 1st time in 15 months − report (Thomson Financial News)
Economic Events
| Date (GMT) | Country | Event | Actual | Cons. | Previous | |
| Feb 20 | 00:30 | AU | Wage Price Index (QoQ) (4Q) | 1.1% | 1.0% | |
| 00:30 | AU | Wage Price Index (YoY) (4Q) | 4.2% | 4.2% | ||
| 07:00 | DE | Producer Price Index (MoM) (Jan) | 0.8% | 0.3% | -0.1% | |
| 07:00 | DE | Producer Price Index (YoY) (Jan) | 3.3% | 2.8% | 2.5% | |
| 09:30 | UK | Bank of England Minutes | ||||
| 09:30 | UK | M4 Money Supply (MoM) (Jan)  | 0.8% | 1.5% | ||
| 09:30 | UK | M4 Money Supply (YoY) (Jan) | 11.9% | 12.3% | ||
| 09:30 | UK | M4 Sterling Lending (Jan) | £16.0B | £17.4B | ||
| 09:30 | UK | Public Sector Net Borrowing (Jan) | -£9.5 | £7.8B | ||
| 11:00 | UK | CBI Industrial Trends Survey − Orders (MoM) (Feb) | 2% | |||