Monday, Feb 05, 13:36 GMT
U.S. Trading Newsletter
To Get Started
- FORUM POLLS: Vote now and tell us what do you think that the ECB will do? Or which will be the movement of the BoE?
- All the information you need about the ECB and BoE meetings in our Special Coverage
- Check out the rest of our newsletters and subscribe now!
- The Education Section: For all kind of traders
- Find out the most complete Forex news service with Dow Jones down to the minute news
Send us your feedback. Post your comments about the new newsletters' format in the Forum.
Special Webinars
How to become a professional trader - How to develop a trading system that works
Expert: Markus Heitkoetter
Start: Tue, Feb 6, 17:00 GMT
Sponsored by: 
Type of Session: Webinar
The FX Trading Desk
Expert: Dave Floyd
Start: Wed, Feb 7, 17:00 GMT
Sponsored by: 
Type of Session: Webinar
Topics
- Charts
- News releases
- Trading styles & techniques
ECB Policy in 2007
Expert: Joseph Trevisani
Start: Thu, Feb 8, 12:45 GMT
Sponsored by: 
Type of Session: Webinar
Topics
- Factors European interest rate policy
- ECB anti-inflation mandate play in rate policy
Current Session: Europe - U.S.
USD/JPY
Daily Forex Technical Report - Services Data Dominate Focus Today by ActionForex.com
USD/JPY's rebound from 120.07 was limited at 121.34 and weakens again today, now pressing mentioned 120.61 support. As discussed before, since a short term top should be formed at 122.17, after subsequent fall has taken out short term rising channel and with bearish divergence condition remaining in 4 hours MACD and RSI.
- Check out how the currency moved on Live Currency Rates & Charts at FXstreet.com
- Insight on the fundamentals in the Fundamentals section at FXstreet.com
- What's next on the agenda? Take a look at our Economic Events Calendar
- What's going on in the markets? Read our latest Forex news
Other Topics for this Session:
Weekly Technical Analysis Research - Spotlight Focus: EURUSD, GBPUSD & AUDUSD by FX Instructor
Daily Analysis - Yen gained as European officials concern about its weakness ahead of G7 meeting by Finotec Group Inc
Global FX Daily - European Edition - ECB rumours weigh on EUR by Mellon Foreign Exchange
Majors at a Glance
- EUR/USD
- Finds 1.2925 good support
2/5/2007 11:27:32 AM - GBP/USD
- Finds good support around 1.9620
2/5/2007 11:13:25 AM - USD/CHF
- Can't break past 1.2480 resistance
2/5/2007 9:58:25 AM - USD/JPY
- 121.10 strong resistance, but 120.50 still holds
2/5/2007 11:25:39 AM
Analyst Sentiment Index (ASI)
Analysts Sentiment Index - EUR/USD
**Source : CMS Forex, Danske Bank A/S, FXstreet.com, Global Forex Trading Ltd. , KBC Bank, Mizuho Corporate Bank
[ View ASI page ] [ View EUR/USD page ]
Charting the Market Movers
EUR USD, Hourly
GBP USD, Hourly
Top Market Movers Preview
U.S. Non-Manufacturing Index
| Period | Previous | Consensus | Time |
| January | 57.1p | 57.0p | Feb 5, 15:00 GMT |
Economic Release Alert - Market Looks For ISM Services To Fill In For Manufacturing by FXCM
ISM Services looks to stay broadly unchanged, as the domestic non-manufacturing sectors look to outperform its industrial counterparts. Though the headline ISM print will likely remain a full point below November's 7-month high, the outlook remains bullish for services on strong consumer demand.
[ Full Story ]Wakeup Call on Forex Markets - Will the US Service Sector Support the USD? by Saxo Bank
Top Market Movers Review
Euro Zone PMI
| Period | Previous | Consensus | Actual |
| January | 57.2p | 56.7p | 57.9p |
European Market Update - Service PMI Data Show Unexpected Growth in the Euro Area by Trade The News
The European indices are currently trading mixed after a negative open. European auto stocks fell led by France's Faurecia after poor earnings, and France's Renault after traders in the Asian market sold shares of Nissan following the company's poor earnings report released after the Asian close on Friday.
[ Full Story ]- PMI - ISM homepage
- Euro Zone Services PMI increases in January (FXstreet.com)
- Euro-Zone Jan Services PMI 57.9 Vs 57.2 In Dec - Sources (Dow Jones)
- UK Jan Services PMI 59.2 Vs 60.6 In Dec - Sources (Dow Jones)
- German Jan services PMI 58.3 points vs 57.6 in Dec; consensus 57.2 - sources (AFX News)
- French Jan Services PMI 58.8 Vs Dec 57.6 - Sources (Dow Jones)