Monday, Feb 09, 08:42 GMT
EUROPEAN Trading Newsletter
To Get Started
- Webinar Videos: Institutional Trading Strategies: Pivot Points by Andrei Pehar
- All the events of the day in our Economic Calendar
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Forex Blogs
The Trader's Edge: Post NFP by Ross Yamashita
What a trading day we had on Friday. We were looking for a longer term short trade and we made a few pips before the pair came back up. Now, has the pair "topped" and will we see a move down? Our analysis shows that we're potentially in a definite long term down trend so watch the opening of the European session and also some economic data and announcements coming out of the U.S. today.
Forex Trading Today: Risk Appetite Stimulates the Majors... But for How Long? by Tim Salem
Sponsored by 
Live Sessions Schedule
Understand & Use Fibonacci Ratios Effectively
Expert: Sunil Mangwani
Start: Mon, Feb 9, 10:00 GMT
Sponsored by: 
Type of Session: Webinar
Forex Basics Series: Chapter 2 − Support and resistance
Expert: Valeria Bednarik
Start: Mon, Feb 9, 12:00 GMT
Type of Session: Webinar
| Sponsored by | ||||
| Mon, Feb 9, 10:00 GMT | Understand & Use Fibonacci Ratios Effectively | Sunil Mangwani | WBN | |
| Mon, Feb 9, 11:00 GMT | FX Instructor Live Trading Room  | Mark De La Paz | WBN |  |
| Mon, Feb 9, 12:00 GMT | Forex Basics Series: Chapter 2 − Support and resistance | Valeria Bednarik | WBN |  |
| Mon, Feb 9, 13:00 GMT | US Pre−Market Open | Ed Ponsi | WBN | |
Current Session: Europe
The Euro reached offers at 1.2990
E−Forex − The Euro reached offers at 1.2990 after the NFP report on Friday. However, the recovery is not large enough to suggest a trend reversal as a break above 1.3330 is needed. Until 1.3330 will be eventually reached, interim resistance is formed at 1.3070. On the downside, support starts at 1.2850 backed by 1.2740 and 1.2700. Below 1.2700, a potential decline may extend to 1.2550 which is the next important support. Current quote is 1.2910 @07:30 GMT
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Market Session Recaps − USD/JPY surged to highs not seen in about a month by FOREX.com
USD/JPY surged to highs not seen in about a month, at levels just over 92.40, but from there the move reversed, and the slide was a rapid one, putting the Yen at levels near 91.10 by the sessions close.
Trading News Report − EUR/USD: Trading the Euro−Zone Sentix Investor Confidence Survey by FXCM
In an effort to mitigate risk exposure, we will monitor market depth for EUR/USD ahead of the release. Our objective is to observe normal to high (or increasing) EUR/USD liquidity, which could help to shed some light the market−moving potential of the release as well as the likely directional bias.
Analyst Sentiment Index (ASI)
Analysts Sentiment Index - EUR/USD
**Source : ActionForex.com, CMS Forex, Danske Bank A/S, FXstreet.com, i-knowindices.com, Mizuho Corporate Bank, MolFX - Management
[ View ASI page ] [ View EUR/USD page ]
Charting the Market Movers
USD JPY, Hourly
GBP USD, Hourly
Top Market Movers Preview
Canada HOUSING STARTS S.A
| Date (GMT) | Event | Cons. | Previous | |
| Feb 9 | 13:15 | Housing Starts s.a (YoY) | 165K | 172K |
Pairs to Range Trade - Short Term Chop Sets Up A USDCAD Range For Early Next Week by FXCM
Housing starts will offer another gauge of consumer wealth – now a major component of growth. Also interesting will be the physical trade and capital flow balance reports. Are Canada's markets and economy really that strong? These indicators will offer a benchmark.
[ Full Story ]Top Market Movers Review
Germany TRADE BALANCE
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Feb 9 | 07:00 | Trade Balance | 6.9B | 10.0 | 9.9B |
DATA SNAP:German Dec Trade Surplus EUR6.9B Vs EUR9.9B In Nov (Dow Jones)
Germany, the world's largest exporter, sent goods and services worth nearly EUR1 trillion abroad last year, but despite that its December performance still slowed faster than expected, federal statistics data showed Monday.
[ Full Story ]- Read the Trade Balance data at German Statistics
- UPDATE 1−German trade surplus narrows less than expected (Thomson Financial News)
- UPDATE: German Dec Trade Surplus EUR6.9B Vs EUR9.9B In Nov (Dow Jones)
- TABLE−German Dec trade surplus narrows to 10.7 bln euros (Thomson Financial News)
Japan TRADE BALANCE − BOP BASIS
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Feb 8 | 23:50 | Trade Balance − BOP Basis | -¥197.9 | - | -¥93.4B |
Japan Dec Unadjusted Curr Acct Surplus −92.1% On Yr (Dow Jones)
Japan's current account surplus plunged 92.1% from a year earlier in December, logging its tenth straight month of declines, the Ministry of Finance said Monday. The surplus in the current account, the broadest measure of Japan's trade with the rest of the world, stood at Y125.4 billion before seasonal adjustment during December, the data showed.
[ Full Story ]- Read the Trade Balance data at Ministry of Finance
- Japan Dec Current Account Table Of Data (Dow Jones)
- Japan Dec current account surplus −92.1 pct yr/yr (Thomson Financial News)
Economic Events
| Date (GMT) | Country | Event | Actual | Cons. | Previous | |
| Feb 9 | 05:00 | JP | Eco Watchers Survey: Current (Jan) | 17.1 | 15.9 | |
| 05:00 | JP | Eco Watchers Survey: Outlook (Jan) | 22.1 | 17.6 | ||
| 06:00 | JP | Machine Tool Orders (YoY) (Jan) | -84.4% | -71.8% | ||
| 07:00 | DE | Trade Balance (Dec) | 6.9B | 10.0 | 9.9B |
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| 09:30 | EMU | Sentix Investor Confidence (Feb) | -31.2 | -34.4 | ||
| 13:15 | CA | Housing Starts s.a (YoY) (Jan) | 165K | 172K |
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| Feb 10 | 00:01 | UK | BRC Retail Sales Monitor − All (YoY) (Jan) | -3.3% | ||
| 00:01 | UK | RICS House Price Balance (Jan) | -73% | |||
| 00:30 | AU | National Australia Bank's Business Conditions (Jan) | -6 | |||
| 05:00 | JP | Consumer Confidence (Jan) | 26.7 | |||