Monday, Feb 23, 08:37 GMT
EUROPEAN Trading Newsletter
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- Webinar Videos: Professional Gaps vs Novice Gaps in the Forex Markets by Sam Seiden
- All the events of the day in our Economic Calendar
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Forex Blogs
Forex Trading Today: So what REALLY is going on with King Euro? by Tim Salem
The EUR/USD in the near−term is clocking in with Bearish Momentum and, perhaps, even more Bearish "Sentiment" in the Macro−Term. Technically... the "heavy weight" of all of its' Member Countries… its' uncoupling and bitter divorce with Gold... plus being stabbed in the back by Gold and its' new marriage with the U.S. Dollar surely rivals the Academy Awards Show of last night!
ForexHedge: Forex Long-Term View by Ron Schelling
Find other felow traders to share your comments and market view in the FOREX CHAT
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Live Sessions Schedule
Understand & Use Fibonacci Ratios Effectively
Expert: Sunil Mangwani
Start: Mon, Feb 23, 10:00 GMT
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Type of Session: Webinar
Derek Frey's Outlook
Expert: Derek Frey
Start: Mon, Feb 23, 15:00 GMT
Sponsored by: 
Type of Session: Webinar
| Sponsored by | ||||
| Mon, Feb 23, 10:00 GMT | Understand & Use Fibonacci Ratios Effectively | Sunil Mangwani | WBN | |
| Mon, Feb 23, 13:00 GMT | US Pre−Market Open  | Ed Ponsi | WBN |  |
| Mon, Feb 23, 14:30 GMT | US Session Open | Ed Ponsi | WBN | |
| Mon, Feb 23, 15:00 GMT | Derek Frey's Outlook | Derek Frey | WBN | |
Current Session: Europe
EUR: Buy at 1.2925, adding to 1.2800
Mizuho Corporate Bank − Just what we had been waiting for: a ‘hammer' on the weekly chart, ahead of last year's low, pushing the Euro up to the top of the downward−sloping ‘wedge' and trendline resistance. Be careful because as and when sentiment shifts moves could be very large and indiscriminate.
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Market Session Recaps − The Pound, within reach of 1.4550 by FOREX.com
The Pound continued to defy odds, as it got within reach of 1.4550, not a bad feat considering it was at 1.4151 on Friday
USD/JPY: Dollar can't break 94.60 resistance level by FXstreet.com
The Dollar has been unable to break resistance level at 94.60 (Jan 6 high) and has dropped back to support level at 92.72 during Monday's Asian session, breaking the upward trend it was trading since the 87.10 in Feb 12.
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 RETAIL SALES
| Date (GMT) | Event | Cons. | Previous | |
| Feb 23 | 13:30 | Retail Sales (MoM) | -2.4% | -2.4% |
| Feb 23 | 13:30 | Retail Sales ex Autos (MoM) | -1.5% | -2.3% |
Trading News Report - USD/CAD: Trading the Canadian Retail Sales Report by FXCM
The Canadian dollar is likely to face increased selling pressures over the follow week as economists forecast retail spending to contract another 2.4% in December. As the world's eighth largest economy faces its first economic slump since 1992, the outlook for growth remains bleak, and economic activity throughout the region is expected to weaken further as the labor market deteriorates at a record pace
[ Full Story ]Top Market Movers Review
US CONSUMER PRICE INDEX
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Feb 20 | 13:30 | Consumer Price Index (MoM) | 0.3% | 0.3% | -0.8% |
| Feb 20 | 13:30 | Consumer Price Index Ex Food & Energy (MoM) | 0.2% | 0.1% | 0.0% |
| Feb 20 | 13:30 | Consumer Price Index (YoY) | 0.0% | -0.1% | 0.1% |
| Feb 20 | 13:30 | Consumer Price Index Ex Food & Energy (YoY) | 1.7% | 1.5% | 1.8% |
DATA SNAP: US Annual CPI At 53−Year Low But Deflation Fears Ease (Dow Jones)
U.S. annual inflation vanished for the first time in over half a century, a government report showed, as the severe recession and sharp decline in energy prices since last summer led to a rapid reversal in price pressures.
[ Full Story ]- Read the CPI data at Labor Department
- 3rd UPDATE:US Annual CPI At 53−Year Low, But Deflation Fears Ease (Dow Jones)
- 2nd UPDATE: Annual CPI At 53−Year Low But Deflation Fears Ease (Dow Jones)
- UPDATE: Annual CPI At 53−Year Low But Deflation Fears Ease (Dow Jones)
Daily Market Briefing - US Dollar, Japanese Yen Down as CPI Shows the US is Teetering on Brink of Deflation by FXCM
USA: Inflation has not disappeared by Danske Bank A/S
US economic indicators - Inflation data (Jan): annual rates in negative territory by BHF−Bank
Economic Events
| Date (GMT) | Country | Event | Actual | Cons. | Previous | |
| Feb 23 | 08:36 | UK | Nationwide Housing Prices n.s.a (YoY) | -16.7% | ||
| 08:36 | UK | Nationwide Housing Prices s.a (MoM) | -1.3% | |||
| 02:00 | NZ | Credit Card Spending | -2.2% | -3.8% |
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| 08:10 | EMU | ECB Trichet's Speech | ||||
| 13:30 | CA | Retail Sales (MoM) | -2.4% | -2.4% | ||
| 13:30 | CA | Retail Sales ex Autos (MoM) | -1.5% | -2.3% | ||
| 17:40 | US | Fed's Lockhart speech | ||||
| 23:50 | JP | BoJ Minutes | ||||
| 23:50 | JP | Corporate Service Price (YoY) | -2.5% | -2.5% | ||
| Feb 24 | 08:15 | CH | Employment Level (QoQ) (4Q) | 3.91M | 3.96M | |