Thursday, Feb 28, 08:12 GMT
EUROPEAN Trading Newsletter
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Live Sessions Schedule
What Moves Currencies?
Expert: Tony Juste
Start: Thu, Feb 28, 11:00 GMT
Sponsored by: 
Type of Session: Webinar
Watch Live Coverage of the US GDP
Expert: Jerry Furst
Start: Thu, Feb 28, 12:30 GMT
Sponsored by: 
Type of Session: Webinar
| Sponsored by | ||||
| Thu, Feb 28, 11:00 GMT | What Moves Currencies? | Tony Juste | WBN | |
| Thu, Feb 28, 12:30 GMT | Watch Live Coverage of the US GDP | Jerry Furst | WBN | |
| Thu, Feb 28, 14:30 GMT | Weekly Technical Briefing  | Dan Blystone | WBN |  |
| Thu, Feb 28, 15:00 GMT | Mapping The News | John Jagerson | WBN |  |
Current Session: Europe
EUR/USD
Forex Technical Report − The Euro rose further against the American Dollar by iFOREX.bg
EUR/USD Open 1.5114 High 1.5139 Low 1.4981 Close 1.5085
The Euro rose further against the American Dollar yesterday remained in narrow range yesterday, reaching 1.5140, which is the first resistance today. Next resistance is 1.5200, followed by 1.5265. In downward direction support is given by the yesterday's bottom 1.4980, followed by 1.4910, and 1.4820.
Technical resistance levels: 1.5140 1.5200 1.5265
Technical support levels: 1.4980 1.4910 1.4820
- Price Patterns by S. Wade Hansen, 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 Performance Report − Asia Session Performance by FXstreet.com
Currencies at a Glance
- EUR/USD
- Trades above pivot level 1.5077
02/28/2008 07:56 GMT - GBP/USD
- Moves down towards first support level 1.9748
02/28/2008 07:56 GMT - USD/CHF
- Trades around opening price level 1.0633 , below pivot level 1.0668
02/28/2008 07:58 GMT - USD/JPY
- Trades below opening price level 106.48 , below pivot level 106.60
02/28/2008 07:58 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 UNEMPLOYMENT CHANGE
| Date (GMT) | Event | Cons. | Previous | |
| Feb 28 | 08:55 | Unemployment Rate s.a. | 8.0% | 8.1% |
| Feb 28 | 08:55 | Unemployment Change | -48K | -89K |
EMU economic indicators - M3 growth probably accelerated to 11.6% yoy in January by BHF−Bank
Adjusted unemployment fell sharply by 89k in January, much more markedly than had been estimated. The normal weather−related negative effect on outdoor jobs was dampened by relatively mild temperatures and the relief offered by the winter short−time allowance. Thus the decline in adjusted unemployment seems to be exaggerated this winter, and there will probably be a setback in spring, particularly as economic growth is slowing down. However, in February temperatures were again higher than usual.
[ Full Story ]Top Market Movers Review
Germany ILO UNEMPLOYMENT RATE
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Feb 28 | 07:00 | ILO Unemployment Rate | 7.6% | 7.7% | 7.8% |
German unemployment level edges down to 7.6% in January (FXstreet.com)
German labour market development continues showing a favourable progress, as the number of employed workers continues increasing, according to the latest estimate released by Destatis.
[ Full Story ]- Read the unemployment rate data at German Statistics
- Germany Jan ILO Unemployment Rate down to 7.6% vs 7.8% in dec (FXstreet.com)
EMU economic indicators - M3 growth probably accelerated to 11.6% yoy in January by BHF−Bank
Japan INDUSTRIAL PRODUCTION
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Feb 27 | 23:50 | Industrial Production (YoY) | 2.5% | 3.8% | 0.8% |
| Feb 27 | 23:50 | Industrial Production (MoM) | -2.0% | -0.8% | 1.4% |
Japan Jan Indus Output −2.0% On Mo; Mkt Expected −0.6% (Dow Jones)
Japanese industrial output fell 2.0% on month in January, marking the first fall in two months, the government said Thursday. Economists surveyed by Dow Jones Newswires and Nikkei estimated on average that industrial production had fallen 0.6% in January after adjustment for seasonal factors.
[ Full Story ]- Read the Industrial Production report at Japan Ministry of Economy, Trade and Industry
- Japan's industrial output falls in January as risks to economy grow (Thomson Financial News)
- Japanese industrial output down 2.0 percent in Jan from Dec − UPDATE (Thomson Financial News)
- Japanese industrial output down 2.0 percent in Jan from Dec, more than forecast (Thomson Financial News)
Japan RETAIL TRADE
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Feb 27 | 23:50 | Retail Trade s.a (MoM) | - | 1.8% | -0.8% |
| Feb 27 | 23:50 | Retail Trade (YoY) | 1.5% | -1.0% | 0.2% |
Japan January Overall Retail Sales Up 1.5% On Year (Dow Jones)
Japanese retail sales rose 1.5% in January from a year earlier, marking the sixth straight month of increases, the government said Thursday. The Ministry of Economy, Trade and Industry also said sales at large−scale retailers declined 1.9% on year, after adjustment for the change in the number of stores. That was the second straight month of drops.
[ Full Story ]- Read the Retail Trade report at Japan Ministry of Economy, Trade and Industry
- Japan January retail sales up 1.5 pct on higher fuel prices (Thomson Financial News)
Economic Events
| Date (GMT) | Country | Event | Actual | Cons. | Previous | |
| Feb 27 | 23:50 | JP | Industrial Production (MoM) (Jan)  | -2.0% | -0.8% | 1.4% |
| 23:50 | JP | Retail Trade s.a (MoM) (Jan) | 1.8% | -0.8% | ||
| Feb 28 | 00:30 | AU | Private Capital Expenditure | 5.1% | 3.0% | -6.5% |
| 07:00 | DE | ILO Unemployment Rate (Jan) | 7.6% | 7.7% | 7.8% | |
| 08:15 | CH | Employment Level (QoQ) (4Q) | 3.86M | 3.87M | ||
| 08:55 | DE | Unemployment Change (Feb) | -48K | -89K | ||
| 08:55 | DE | Unemployment Rate s.a. (Feb) | 8.0% | 8.1% | ||
| 09:00 | EMU | Bloomberg Retail PMI (Feb) | 48.1 | |||
| 09:00 | DE | Bloomberg Retail PMI (Feb) | 44.2 | |||
| 13:30 | US | Continuing Jobless Claims (Feb 16) | 2773K | 2784K | ||