Thursday, Feb 21, 08:38 GMT
EUROPEAN Trading Newsletter
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- Webinars VIDEOS: Longer-term Support and Resistance Trading: Setups and Rules by Rob Booker
- Releasing the Code to the Schaff Trend Cycle by Doug Schaff
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Live Sessions Schedule
MONTHLY WEBINAR: Strategic & Tactical FOREX Trading (Part 1)
Expert: Wayne McDonell
Start: Thu, Feb 21, 14:00 GMT
Type of Session: Webinar
| Sponsored by | ||||
| Thu, Feb 21, 14:00 GMT | MONTHLY WEBINAR: Strategic & Tactical FOREX Trading (Part 1) | Wayne McDonell | WBN |  |
| Thu, Feb 21, 16:00 GMT | MONTHLY WEBINAR: Strategic & Tactical FOREX Trading (Part 2)  | Wayne McDonell | WBN | |
| Fri, Feb 22, 11:00 GMT | What Moves Currencies? − Weekly Wrap−Up | Tony Juste | WBN |  |
| Fri, Feb 22, 14:00 GMT | Futures Vs Forex | John Jagerson | WBN |  |
Current Session: Europe
GBP/USD
Daily Market Commentary − The dollar rallied on Wednesday following the unexpectedly strong US hosing starts data by Global Forex Trading
Sterling/dollar sank further on Wednesday, as expected, and hit a one−month low. Selling pressure should continue, but at a reduced pace. Immediate support is now seen at 1.9363. Below a pivotal low at 1.9338 there is distant support at 1.9197. Initial resistance comes at 1.9470. A break above 1.9575 would signal a further recovery to 1.9680, but this is unlikely.
- 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
Forex Technical Report − Forex Technical Report EUR/USD by iFOREX.bg
Currencies at a Glance
- EUR/USD
- Moves up towards first resistant level 1.4758
02/21/2008 07:55 GMT - GBP/USD
- Moves up towards first resistant level 1.9493
02/21/2008 07:56 GMT - USD/CHF
- Moves down below pivot level 1.0984
02/21/2008 07:56 GMT - USD/JPY
- Trades around opening price level 108.08 , above pivot level 107.98
02/21/2008 07:56 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 CURRENT ACCOUNT S.A
| Date (GMT) | Event | Cons. | Previous | |
| Feb 21 | 09:00 | Current Account s.a | 0.2B | 0.7B |
| Feb 21 | 09:00 | Current Account n.s.a | - | 1B |
EMU economic indicators - The February RBS PMI manufacturing index for the EMU is likely to have decreased by BHF−Bank
However, the EMU current account is likely to have improved in December, following its usual seasonal pattern.
[ Full Story ]Top Market Movers Review
Switzerland TRADE BALANCE
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Feb 21 | 07:15 | Trade Balance | 1.220B | 0.800B | 0.198B |
Swiss Trade Balance widens above expectations in January (FXstreet.com)
Swiss trade balance obtained a wider than expected surplus in January, as exports posted a sharper increase than imports, according to the Swiss Statistics Bureau.
[ Full Story ]- Read the Trade Balance data at the Swiss Confederation [text in German]
- Swiss Jan watch exports 1.212 bln sfr, up 23.4 pct yr−on−yr (Thomson Financial News)
- Swiss January trade surplus 1.2 bln sfr from 198.1 mln in December (Thomson Financial News)
- Switzerland Trade Balance widens to CHF 1.22B in Jan from CHF 0.8B in Dec (FXstreet.com)
Japan MERCHANDISE TRADE BALANCE TOTAL
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Feb 20 | 23:50 | Adjusted Merchandise Trade Balance | ¥861.9B | ¥926.6B | ¥640.0B |
| Feb 20 | 23:50 | Merchandise Trade Balance Total | -¥794.3B | ¥20.9B | ¥877.0B |
Japan's trade deficit balloons in January, bigger than forecast (Thomson Financial News)
Japan's merchandise trade deficit surged to 79.34 billion yen in January from 3.49 billion yen a year earlier, as higher crude oil prices inflated imports while exports to the US weakened, the Ministry of Finance said Thursday.
[ Full Story ]- Read the Merchandise Trade Balance report at Japan Ministry of Finance
- Japan Outlook: Jan Trade Balance; Dec All Indus Activity (Dow Jones)
Economic Events
| Date (GMT) | Country | Event | Actual | Cons. | Previous | |
| Feb 21 | 03:30 | AU | Average Weekly Wages (QoQ) | 0.6% | 1.0% | |
| 07:15 | CH | Trade Balance (Jan) | 1.220B | 0.800B | 0.198B | |
| 08:15 | CH | Producer and Import Prices (MoM) (Jan) | 0.5% | -0.1% | -0.1% | |
| 08:15 | CH | Producer and Import Prices (YoY) (Jan) | 3.7% | 3.1% | 2.7% | |
| 09:00 | EMU | Current Account n.s.a (Dec) | 1B | |||
| 09:00 | EMU | Current Account s.a (Dec) | 0.2B | 0.7B | ||
| 09:30 | UK | Retail Sales (MoM) (Jan) | 0.3% | -0.4% | ||
| 09:30 | UK | Retail Sales (YoY) (Jan) | 4.7% | 2.7% | ||
| 13:30 | US | Continuing Jobless Claims (Feb 9) | 2760K | 2761 | ||
| 13:30 | US | Initial Jobless Claims (Feb 16) | 345K | 348 | ||