Friday, Feb 13, 08:32 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
1st on Forex: A Very Difficult and Complicated Process − for 2 Trillion Dollars by Jerry Furst
The good news may be that with this much desperation, perhaps we are closing in on the bottom. A test and bounce off of the November lows for the S&P would be nice… Let's face it Two Trillion Dollars can go a long way – at least it used to… You just think that they would know what they are going to do with it!
The Trader's Edge - GBP/JPY Analysis and Count by Ross Yamashita
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Live Sessions Schedule
Finding day trades every day
Expert: Adam Rosen
Start: Fri, Feb 13, 15:00 GMT
Type of Session: Webinar
| Sponsored by | ||||
| Fri, Feb 13, 08:30 GMT | Outlook for the major currencies this week | Ian Copsey | WBN |  |
| Fri, Feb 13, 10:00 GMT | Advanced APF Methods To Determine The Price Momentum  | Sunil Mangwani | WBN |  |
| Fri, Feb 13, 11:00 GMT | FX Instructor Live Trading Room | Mark De La Paz | WBN |  |
| Fri, Feb 13, 13:00 GMT | US Pre−Market Open | Ed Ponsi | WBN | |
Current Session: Europe
GBP/USD: Pound bounces up; setting bottom at 1.4170, 1.4550 on focus
FXstreet.com − The GBP/USD, the bigger loser on the week, has taken back 270 pips, after bouncing up from intra−week low at 1.4135 to 1.4400. If 1.4400 gives, the Pound could continue its climbing towards key level at 1.4550 before 1.5000.
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High Risk And High Reward In The EURGBP Range Setup by FXCM
There is a high breakout risk from EURGBP over the next 24 hours as technical volatility meets the highly unstable, fourth quarter GDP numbers from Europe. However, the potential for data to meet or exceed recession forecasts could actually work in favor of the pair's strong, technical range.
Buy at 117.65 but only if prepared to add to 115.70 by Mizuho Corporate Bank
A small ‘hammer/spike low' yesterday against the lower edge of the broad range established since October might add enough upside pressure to get us back up to the 120.00 area. Later this month we favour a break above the recent high at 120.04 towards the middle of the broad band which has held since October.
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
EMU GROSS DOMESTIC PRODUCT S.A.
| Date (GMT) | Event | Cons. | Previous | |
| Feb 13 | 10:00 | Gross Domestic Product s.a. (QoQ) | -1.2% | -0.2% |
| Feb 13 | 10:00 | Gross Domestic Product s.a. (YoY) | -1.0% | 0.6% |
EMU economic indicators - EMU GDP (Q4 2008): down by BHF−Bank
Net exports, changes in inventories and investment in machinery and equipment are likely to have been the main drag on overall GDP growth. French, Italian and EMU GDP are all likely to have contracted significantly in Q4 too.
[ Full Story ]Top Market Movers Review
Germany GROSS DOMESTIC PRODUCT S.A
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Feb 13 | 07:00 | Gross Domestic Product w.d.a (YoY) | -1.7% | - | 0.8% |
| Feb 13 | 07:00 | Gross Domestic Product s.a (QoQ) | -2.1% | -1.8% | -0.5% |
DATA SNAP: German 4Q GDP Posts Sharpest QQ Fall Since 1987 (Dow Jones)
German economic growth slumped in the fourth quarter of 2008, posting its sharpest quarterly fall since 1987, as machinery investment and exports nose−dived, data from the Federal Statistics Office showed Friday.
[ Full Story ]- Read the GDP data at German Statistics
- UPDATE: German 4Q GDP Posts Sharpest QQ Fall Since 1987 (Dow Jones)
- TOPWRAP 2−German economy sees biggest contraction since 1990 (Thomson Financial News)
- INSTANT VIEW 6−German GDP posts record contraction in Q4 (Thomson Financial News)
EMU economic indicators - German GDP (Q4 2008): down by BHF−Bank
New Zealand RETAIL SALES
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Feb 12 | 21:45 | Retail Sales (MoM) | -1.0% | - | 0.2% |
TABLE−NZ Q4 retail sales volumes down 0.6 pct (Thomson Financial News)
Statistics New Zealand released on Friday the following retail sales data for the fourth quarter and December month. Economists polled by Reuters forecast seasonally adjusted real retail sales (volumes) to fall 0.5 percent on the previous quarter, and a 1.8 percent decline in actual sales on a year ago.
[ Full Story ]- Read the Retail Sales data at Statistics New Zealand
- WRAPUP 1−NZ Q4 retail sales fall, rates seen lower (Thomson Financial News)
- UPDATE 1−NZ Q4 retail sales fall, more rate cuts loom (Thomson Financial News)
- INSTANT VIEW 4−New Zealand retail sales fall in Q4 (Thomson Financial News)
Economic Events
| Date (GMT) | Country | Event | Actual | Cons. | Previous | |
| Feb 13 | 07:00 | DE | Gross Domestic Product s.a (QoQ) (4Q)  | -2.1% | -1.8% | -0.5% |
| 07:00 | DE | Gross Domestic Product w.d.a (YoY) (4Q) | -1.7% | 0.8% | ||
| 08:15 | CH | Producer and Import Prices (MoM) (Jan) | 0.0% | -0.7% | ||
| 08:15 | CH | Producer and Import Prices (YoY) (Jan) | -0.1% | 0.4% | ||
| 10:00 | EMU | Gross Domestic Product s.a. (QoQ) (4Q) | -1.2% | -0.2% | ||
| 10:00 | EMU | Gross Domestic Product s.a. (YoY) (4Q) | -1.0% | 0.6% | ||
| 13:30 | CA | New Motor Vehicle Sales (MoM) (Dec) | -15% | -7% | ||
| 15:00 | US | Reuters/Michigan Consumer Sentiment Index (Feb) | 61.5 | 61.2 | ||
| Feb 15 | 21:45 | NZ | Producer Price Index − Input (QoQ) (4Q) | 0.2% | 3.7% | |
| 21:45 | NZ | Producer Price Index − Output (QoQ) | 0.2% | 2.8% | ||