
Midweek Technical Outlook with Derek Sugalski
Expert: Derek Sugalski
Start: Wed, Feb 28, 17:00 GMT
Sponsored by: 
Type of Session: Webinar
Topics
- Upcoming news events as potential catalysts
- Technical summary of market developments
- Forecasting end of week directional bias and turning points
Global FX Daily - European Edition - USD remains soft in Asia, but key US releases this week will be critical by Mellon Foreign Exchange
Net long positioning on USD-JPY fell back to 116,195 contracts after rising to 167,505 from 128,526 the previous week. However, this was before the BoJ meeting outcome on Wednesday. JPY prospects this week will be influenced by the tone of Japanese CPI and consumer spending data released on Friday.
Daily Analysis - Dollar fell against majors as Iran nuclear tensions accelerated by Finotec Group Inc.
Weekly Technical Analysis Research - Weekly Technical Analysis Research by FX Instructor
Daily Forex Commentary - Heavy data in focus by Jyske Bank

**Source : CMS Forex, Danske Bank A/S, FXstreet.com, Global Forex Trading Ltd. , KBC Bank, Mizuho Corporate Bank
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| Date (GMT) | Event | Cons. | Previous | |
| Feb 27 | 22:00 | Consumer Price Index (YoY) | 1.8% | 1.6% |
| Feb 27 | 22:00 | Consumer Price Index (MoM) | 0.5% | -0.2% |
Friday Notes - USD losing its appeal? by HVB Group
The VAT hike impacted consumer prices in January less strongly than anticipated. After massive sales in the initial weeks of January, many retailers have only increased prices with a time lag. This should have pushed the y-o-y rate higher in February.
[ Full Story ]| Date (GMT) | Event | Actual | Cons. | Previous | |
| Feb 27 | 20:00 | Consumer Confidence | - | 109.0 | 110.3 |
European Market Update - German GFK Consumer Confidence Hits 14-Month Low by Trade The News
German GFK consumer confidence fell to its lowest level in fourteen months at 4.4 in March as the VAT hike curbed consumer’s desire to make large purchases. The drop to 4.4 in March represents the fourth consecutive decline in GFK consumer confidence. Spanish producer prices for the month of January were ahead of estimates for the month of January reaching a six-month high as prices for electricity rose.
[ Full Story ]