Tuesday, Feb 26, 08:24 GMT
EUROPEAN Trading Newsletter
To Get Started
- Webinars VIDEOS: Trading Range Bound and Trending Market Conditions by Adam Rosen
- Currency Performance Report: Asia, Europe and US
- Check our Forex Brokers Information Table
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- The Advisor Blog: At the Open.
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Live Sessions Schedule
FX Instructor Live Trading Room
Expert: Nader Moustafa
Start: Tue, Feb 26, 10:00 GMT
Sponsored by: 
Type of Session: Webinar
What Moves Currencies? − A look at the carry trade
Expert: Tony Juste
Start: Tue, Feb 26, 11:00 GMT
Sponsored by: 
Type of Session: Webinar
| Sponsored by | ||||
| Tue, Feb 26, 09:00 GMT | Outlook for the major currencies this week | Ian Copsey | WBN |  |
| Tue, Feb 26, 10:00 GMT | FX Instructor Live Trading Room | Nader Moustafa | WBN | |
| Tue, Feb 26, 11:00 GMT | What Moves Currencies? − A look at the carry trade | Tony Juste | WBN | |
| Tue, Feb 26, 13:00 GMT | US Pre−Market Open  | Ed Ponsi | WBN |  |
Current Session: Europe
USD/JPY
Daily Market Commentary − As expected, the dollar was helped on Monday by Global Forex Trading
Dollar/yen rallied on Monday after the support of a rising trendline held, and my model reversed short positions. Mixed to higher trading is likely today. Immediate resistance is seen at 108.45. Strong resistance follows at 108.75. Further resistance lies at 109.15 from a 50−point pivot that targets 109.65 and 108.65.
- FX Instructor Live Trading Room by Mihai Marinescu, Instructor FX Instructor
- 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
- Moves down below first support level 1.4801
02/26/2008 07:59 GMT - GBP/USD
- Back around opening price level 1.9671 , above pivot level 1.9663
02/26/2008 08:00 GMT - USD/CHF
- Trades above pivot level 1.0888
02/26/2008 08:00 GMT - USD/JPY
- Back around opening price level 108.02 , above pivot level 107.81
02/26/2008 08:01 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
Germany IFO − BUSINESS CLIMATE
| Date (GMT) | Event | Cons. | Previous | |
| Feb 26 | 09:00 | IFO − Business Climate | 102.9 | 103.4 |
EMU economic indicators - M3 growth probably accelerated to 11.6% yoy in January by BHF−Bank
In February, the German ifo business climate index might have remained unchanged at best, after having improved unexpectedly in January.
[ Full Story ]Daily Forex Outlook - US Shares rally boosting demand for JPY crosses. German IFO to test Euro outlook by Easy Forex
Top Market Movers Review
Germany GROSS DOMESTIC PRODUCT S.A
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Feb 26 | 07:00 | Gross Domestic Product w.d.a (YoY) | 1.8% | 1.6% | 2.5% |
| Feb 26 | 07:00 | Gross Domestic Product s.a (QoQ) | 0.3% | 0.3% | 0.7% |
| Feb 26 | 07:00 | Gross Domestic Product n.s.a (YoY) | 1.6% | 1.8% | 2.4% |
DATA SNAP: German 4Q Adj GDP +0.3% QQ, Meets First Estimate (Dow Jones)
The rate of German economic growth more than halved in the fourth quarter, though it continued to draw strength from exports, data from the Federal Statistics Office showed Tuesday.
[ Full Story ]- Read the GDP data at German Statistics
- UPDATE: German 4Q Adj GDP +0.3% QQ, Consumption Slows Growth (Dow Jones)
- German 2007 budget posts breakeven for first time since 1989 (Thomson Financial News)
- German GDP continued growing in the 4Q (FXstreet.com)
EMU economic indicators - M3 growth probably accelerated to 11.6% yoy in January by BHF−Bank
Japan CORPORATE SERVICE PRICE
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Feb 25 | 23:50 | Corporate Service Price (YoY) | 0.8% | 1.4% | 1.4% |
Japan Jan Corp Svc Prices −1.1% On Mo, +0.8% On Yr (Dow Jones)
The Bank of Japan's corporate service price index stood at 93.9 in January, down 1.1% from December and up 0.8% from a year earlier, the central bank said Tuesday. This marks the 18th straight month of on−year growth for the CSPI, but it missed the 1.4% rise expected by economists.
[ Full Story ]- Read the Corporate Service Price Index report at Bank of Japan
- Japan January corporate services price index up 0.8 percent (Thomson Financial News)
- Japan Jan Corporate Service Prices Table Of Data (Dow Jones)
Economic Events
| Date (GMT) | Country | Event | Actual | Cons. | Previous | |
| Feb 26 | 02:00 | NZ | RBNZ Inflation Expectations q/q (4Q) | 2.7 | 2.8 | 2.7 |
| 07:00 | DE | Gross Domestic Product n.s.a (YoY) (4Q) | 1.6% | 1.8% | 2.4% | |
| 07:00 | DE | Gross Domestic Product s.a (QoQ) (4Q) | 0.3% | 0.3% | 0.7% | |
| 07:00 | DE | Gross Domestic Product w.d.a (YoY) (4Q) | 1.8% | 1.6% | 2.5% | |
| 09:00 | DE | IFO − Business Climate (Feb) | 102.9 | 103.4 | ||
| 09:00 | CH | UBS Consumption Indicator (Jan) | 2.2 | |||
| 11:00 | UK | CBI Distributive Trades Survey − Realized (MoM) | 4 | |||
| 13:30 | US | Producer Price Index (MoM) (Jan) | 0.3% | -0.1% | ||
| 13:30 | US | Producer Price Index (YoY) (Jan) | 7.5% | 6.3% | ||
| 13:30 | US | Producer Price Index ex Food & Energy (MoM) (Jan) | 0.2% | 0.2% | ||