Wednesday, Feb 11, 08:38 GMT
EUROPEAN Trading Newsletter
To Get Started
- Webinar Videos: Strategies to Perceive and Defeat Forex Volatility through Traditional Indicators by Mark Whistler
- All the events of the day in our Economic Calendar
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Forex Blogs
The Trader's Edge: AUD/USD Trade Set Up by Ross Yamashita
On the AUD/USD daily chart, we're forming a (contracting) triangle formation and we're almost near the end of it. According to our analysis, we are in a downtrend. Watch for a potential test of the upper trend line, however, look for it continue down.
Forex Trading Today: Risk-Aversion Wins This Battle with our Friends, Euro and Pound by Tim Salem
Sponsored by 
Live Sessions Schedule
FX Instructor Live Trading Room
Expert: Mark De La Paz
Start: Wed, Feb 11, 10:00 GMT
Sponsored by: 
Type of Session: Webinar
Trading Break Out's And Other Market Views
Expert: Phil Newton
Start: Wed, Feb 11, 11:00 GMT
Sponsored by: 
Type of Session: Webinar
| Sponsored by | ||||
| Wed, Feb 11, 10:00 GMT | FX Instructor Live Trading Room | Mark De La Paz | WBN | |
| Wed, Feb 11, 11:00 GMT | Trading Break Out's And Other Market Views | Phil Newton | WBN | |
| Wed, Feb 11, 13:00 GMT | US Pre−Market Open  | Ed Ponsi | WBN |  |
| Wed, Feb 11, 14:00 GMT | Profiting from Fear and Greed by trading against the crowd | David Rodríguez | WBN |  |
Current Session: Europe
Development continues supporting bearish direction priority
Forex Ltd − The pre−planned short positions from key resistance range were realized with attainment of assumed targets. OsMA trend indicator, having marked bearish activity development continues supporting bearish direction priority of trading operations planning for today. Hence in the present situation we assume the possibility of rate return to the bottom of Ichimoku cloud at 1.4440/60, where it is recommended to evaluate the activity development of both parties according to the charts of shorter time interval. For sells on condition of formation of topping signals the targets will be 1.4360/80, 1.4300/20 and/or further breakout variant up to 1.4220/40, 1.4140/60, 1.4060/80.
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Daily Recommended Trades − Euro has switched direction by E−Forex
Daily sentiment maintains a neutral stance after the Euro has switched direction, tripping the downside after the failed attempt to climb past resistance zone of 1.3070/90.
USD/JPY has broken support level at 91.00 by FXstreet.com
Risk aversion has also favoured the Yen. USD/JPY has broken support level at 91.00, dropping 150 pips to support level at 90.00. next important levels on the downside are at 88.80 and 88.39.
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
UK BANK OF ENGLAND QUARTERLY INFLATION REPORT
| Date (GMT) | Event | Cons. | Previous | |
| Feb 11 | 10:30 | Bank of England Quarterly Inflation Report | - | - |
Daily Market Briefing - British Pound Tumbles Ahead of Bank of England's Quarterly Inflation Report by FXCM
The British pound fell hard on Tuesday, as did all "risky" assets, following the market's disappointment in speeches by Treasury Secertary Geithner and Federal Reserve Chairman Ben Bernanke spurred flight to quality.
[ Full Story ]Top Market Movers Review
Germany CONSUMER PRICE INDEX
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Feb 11 | 07:00 | Consumer Price Index (MoM) | -0.5% | -0.5% | 0.3% |
| Feb 11 | 07:00 | Consumer Price Index (YoY) | 0.9% | 0.9% | 1.1% |
DATA SNAP: German Final Jan CPI −0.5% On Mo, +0.9% On Year (Dow Jones)
Consumer prices in Germany fell by 0.5% on the month in January and rose 0.9% on the year, according to final estimates, the Federal Statistics Office said Wednesday, confirming preliminary figures. The figures are also in line with economists' forecasts in a Dow Jones Newswires survey.
[ Full Story ]- Read the CPI data at German Statistics
- TABLE−German Jan CPI confirmed at −0.5 pct m/m, +0.9 pct y/y (Thomson Financial News)
- Germany Consumer Price Index declines 0.5% in Jan; 0.9% up year on year (FXstreet.com)
EMU economic indicators - German CPI in January is likely to be confirmed at −0.5% mom and 0.9% yoy by BHF−Bank
Economic Events
| Date (GMT) | Country | Event | Actual | Cons. | Previous | |
| Feb 11 | 00:30 | AU | Home Loans (Dec) | 6.4% | 3.5% | 1.8% |
| 00:30 | AU | Investment Lending (Dec) | 2.9% | 1.0% | -6.1% | |
| 07:00 | DE | Consumer Price Index (MoM) (Jan) | -0.5% | -0.5% | 0.3% | |
| 07:00 | DE | Consumer Price Index (YoY) (Jan) | 0.9% | 0.9% | 1.1% | |
| 09:30 | UK | Average Earnings excluding Bonus (3Mo/Yr) (Jan) | 3.6% | |||
| 09:30 | UK | Average Earnings including Bonus (3Mo/Yr) (Jan) | 3.0% | 3.1% | ||
| 09:30 | UK | Claimant Count Rate (Jan) | 3.5% | 3.6% | ||
| 09:30 | UK | ILO Unemployment Rate (3M) (Jan) | 6.1% | |||
| 09:30 | UK | Jobless Claims Change (Jan) | 77K | |||
| 10:30 | UK | Bank of England Quarterly Inflation Report | ||||