Wednesday, Feb 21, 12:12 GMT
U.S. Trading Newsletter
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- FOREX FORUM: Bank of Japan raises rates to 0.5%
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Special Webinar
Fundamental and Technical Trading Opportunities that we are Watching
Expert: Boris Schlossberg
Start: Wed, Feb 21, 12:00 GMT
Sponsored by: 
Type of Session: Webinar
Current Session: Europe - U.S.
GBP/USD
Forex Daily Analysis - Interest Rates On Tap - Japan Rate Decision Together With UK and US Central Banks Minutes by ForexYard
The pair has been stuck between 1.9403 - 1.9750 for the past couple of weeks. Only a breakout from this range would mark the next key directional trend. A break of 1.9750 resistance (61.8% retracement of the 1.9917-1.9482 decline) is required to confirm the return of the bull trend.
- Have a look at our advisor's latest Yen comments
- Check out how the currency moved on Live Currency Rates & Charts at FXstreet.com
- Follow up the most relevant Economic Data in the new Real Time Economic Calendar
- Be up to date with the Latest Forex News
Other Topics for this Session:
Forex Trading Strategies - BoJ hikes, but no market reaction by Saxo Bank
Daily Trading Strategy - Buy the rumor sell the fact, again! by MVDForex
Daily Analysis - Yen weakened before BOJ interest rates decision by Finotec Group Inc
Majors at a Glance
- EUR/USD
- Moves down below 1.3145
2/21/2007 11:16:37 AM - GBP/USD
- Drops below 1.9500 after BoE minutes release
2/21/2007 11:21:01 AM - USD/CHF
- Moves up above 1.2380
2/21/2007 11:24:33 AM - USD/JPY
- Moving up toward 121.00
2/21/2007 11:29:37 AM
Analyst Sentiment Index (ASI)
Analysts Sentiment Index - EUR/USD
**Source : Danske Bank A/S, FXstreet.com, KBC Bank
[ View ASI page ] [ View EUR/USD page ]
Charting the Market Movers
EUR USD, Hourly
GBP USD, Hourly
Top Market Movers Preview
U.S. CPI
| Period | Consensus | Previous | Time |
| January (MoM) | 0.1% | 0.5% | Feb 21, 13:30 GMT |
| January (YoY) | 1.9% | 2.5% | Feb 21, 13:30 GMT |
Friday Notes - Moderating inflation continues by HVB Group
Gasoline prices were a little lower in January. But some of the declines of November-December in retail prices might have been partially reversed. The net result is a flat headline CPI, with a further moderate increase in the core measure.
[ Full Story ]Top Market Movers Review
UK CBI Industrial Trends
| Period | Consensus | Previous | Actual |
| February | -8% | -9% | 4% |
UK Feb manufacturing order books balance +4, highest since mid-1995 - CBI by AFX News
Buoyant domestic demand has pushed manufacturing order books in the UK to their highest level in nearly 12 years, a leading business lobby group said today.
[ Full Story ]- Manufacturing demand strongest for 12 years - CBI
- UK CBI Feb Output +28, Highest Since May 1995 (Dow Jones)
- UK Industrial output, at it's strongest in twelve years (FXstreet.com)
UK MPC Minutes
European Market Update - The BOE Voted 7-2 to Keep Rates Unchanged in February by Trade The News
Minutes from the Bank of England's February 7/8 monetary policy meeting showed that the BOE voted 7-2 to keep rates unchanged at 5.25%. Regarding their decisions, dissenting members Beasley and Sentance said that the BOE policy tightening is still modest.
[ Full Story ]- MPC Minutes: February 2007 - the BoE
- BOE Minutes: MPC approved to keep rates by 7 to 2 (FXstreet.com)
- BoE MPC voted by 7-to-2 majority to keep repo rate unchanged at 5.25 pct in Feb (AFX News)
- Pound drops after BoE minutes not as hawkish as some had expected (AFX News)
- Chris Furness, senior currency analyst at 4CAST:
"The minutes were really quite open, but they don't specifically say that there will be one more rate hike and they do say there has been little movement in wage deals." - AFX News
Euro Zone current account
| Period | Consensus | Previous | Actual |
| December | €-1.2B | €0.9B | €2.3B |
Euro zone Dec current account surplus 2.3 bln eur vs 0.9 bln in Nov by AFX News
The euro zone seasonally adjusted current account surplus rose to 2.3 bln eur in December from 0.9 bln in November, the European Central Bank said. Economists polled by AFX News were looking for a deficit of 1.5 bln eur. The November surplus figure was revised from a provisional estimate of a deficit of 2 bln eur.
[ Full Story ]