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Special Webinars
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
Live Trading with Ed Ponsi
Expert: Ed Ponsi
Start: Thu, Mar 1, 16:00 GMT
Sponsored by:
Type of Session: Webinar
Current Session: Europe - U.S.
EUR/USD
Forex Daily Analysis - US Durable Goods might harm the USD by ForexYard
The pair has tested the 1.3220 (the upper boundary of an upsloping channel in the 4H chart) and although the trend is definitely up, a negative divergence in the 4H chart's MACD suggests a possible turn. The divergence is seen on the 1H as well, where the DI- just crossed above 20.
- Have a glance at our latest advisor's comments on the USD
- 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:
Weekly Forex Signals - Sterling is likely to continue its bullish trend by Finotec Group Inc.
Global FX Daily - European Edition - Increase in market apprehension weighing on JPY positioning by Mellon Foreign Exchange
Daily Forex Commentary - JPY: Flourishing? by Jyske Bank
Majors at a Glance
- EUR/USD
- Trades around 1.3210
2/27/2007 11:27:25 AM - GBP/USD
- Moves down below 1.9645
2/27/2007 11:28:06 AM - USD/CHF
- Continues to trade below 1.2255
2/27/2007 11:28:43 AM - USD/JPY
- Moving down below 119.40
2/27/2007 11:29:43 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
US EXISTING HOME SALES
| Date (GMT) | Event | Cons. | Previous | |
| Feb 27 | 20:00 | Existing Home Sales | 6.24M | 6.22M |
The Week Ahead - Existing Home Sales by BBVA Bancomer
A notably rebound in builders confidence during the last five months together with enhanced affordability conditions suggest that housing demand could have stabilize heading the first quarter of 2007.
[ Full Story ]Wakeup Call on Forex Markets - Housing Sector in Focus by Saxo Bank
Weekly Economic Letter - Beware Mr. Bernanke: the threats from a weak U.S. housing sector remain (Part I) by National Bank of Canada
Top Market Movers Review
EMU M3
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Feb 27 | 14:00 | M3 (YoY) | 9.8% | 9.5% | 9.8% |
European Market Update - Euro-Zone M3 Stays Near 17-Year High by Trade The News
Euro-Zone M3 money supply data rose to its highest level since February of 1990 on a y/y and a 3-month average basis at 9.8% and 9.7% respectively. Strengthening the case for further interest rate hikes, the results did not cause a major reaction in the market as investors are already pricing in a 25bps interest rate hike at the March policy meeting.
[ Full Story ]- Read the M3 Money supply data at the ECB
- Euro zone Jan M3 growth flat at 9.8 UPDATE (AFX News)
- DATA SNAP: Euro-Zone Jan M3 +9.8% On Year +9.8% Dec (Dow Jones)
- Euro Zone M3 Increased 9.8% in January (FXstreet.com)
- Tony Juste, FX advisor at FXstreet.com: "Money in the street is in the range of what we should consider normal, between 7 and 10%. Despite ECB's efforts to bring it as a topic for justifying the battle against inflation, I doubt they really believe such a percentage of money in people's pockets is a real concern. EUR/USD has not reacted at all, trading down from 1.3220 highs." - FXstreet.com