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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.
USD/JPY
Global FX Daily - European Edition - Both JPY and CHF are likely to gain further in the short-term by Mellon Foreign Exchange
Both the JPY and the CHF will remain the favoured currencies for now, even though a return to weakness is likely at some point. 117.50-118.00 is immediate support on USD-JPY, although 115.00-50 looks likely in the next day or two.
- Have a glance at our latest advisor's comments on the JPY
- 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:
Wakeup Call on Forex Markets - JPY Volatility in Focus Along With US Key Data by Saxo Bank
FXA Technical Commentary - Eur/$, still long but... by FXA
Daily Technical Analysis - As is so often the case with the Yen, this is a major slap on the wrists for the unwary by Mizuho Corporate Bank
Majors at a Glance
- EUR/USD
- Continues to move down below 1.3190
2/28/2007 9:50:38 AM - GBP/USD
- Bounced at 1.9515, now trades around 1.9550
2/28/2007 9:51:56 AM - USD/CHF
- Continues to move up above 1.2220
2/28/2007 9:54:01 AM - USD/JPY
- Trades around 118.45
2/28/2007 9:56:13 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 GDP ANNUALIZED
| Date (GMT) | Event | Cons. | Previous | |
| Feb 28 | 18:30 | GDP Annualized | 2.3% | 3.5% |
Wakeup Call on Forex Markets - JPY Volatility in Focus Along With US Key Data by Saxo Bank
The JPY rose the most since July 2005 as investors unwinded JPY positions, sending USDJPY as low as 117.50. Today will be a key day for the US as both GDP and PCE Core are released at 13:30GMT.
[ Full Story ]- Watch Live Coverage of the US GDP in our Special Webinar
- Inflation/GDP - Why There’s No Recession: Yet by Delta Global Advisors, Inc
- Spike in oil prices may dent US GDP but recession unlikely - S&P (AFX News)
Top Market Movers Review
EMU CONSUMER PRICE INDEX
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Feb 28 | 15:00 | Consumer Price Index (YoY) | 1.8% | 1.9% | 1.9% |
| Feb 28 | 15:00 | Consumer Price Index (MoM) | -0.5% | -0.5% | 0.4% |
DATA SNAP: Euro-Zone Jan Inflation Down Unexpectedly To 1.8% (Dow Jones)
The annual rate of consumer price inflation in the euro zone fell unexpectedly in January, to 1.8% from 1.9% in December, despite a sharp rise in German value-added tax that month, data from the European Union's statistics agency showed Wednesday.
[ Full Story ]- Read the Euro area annual inflation down to 1.8% at Eurostat
- Euro Zone CPI eases unexpectedly (FXstreet.com)
- DATA SNAP: Euro-Zone Jan Inflation Down Unexpectedly -2- (Dow Jones)
- Euro-Zone Jan CPI -0.5% On Mo; +1.8% On Yr (FXstreet.com)
Friday Notes - USD losing its appeal? by HVB Group
Economic Events
| Date (GMT) | Country | Event | Actual | Cons. | Previous | |
| Feb 28 | 10:00 | EMU | Consumer Price Index (MoM) (Jan) | -0.5% | -0.5% | 0.4% |
| 10:00 | EMU | Economic Confidence (Feb) | 109.7 | 109.1 | 109.2 | |
| 10:00 | EMU | Unemployment Rate (Jan) | 7.4% | 7.4% | 7.5% | |
| 11:00 | EMU | ECB's Trichet speaks in Brussels | ||||
| 13:30 | US | GDP Annualized (4Q)  | 2.3% | 3.5% | ||
| 14:45 | US | Chicago PMI (Feb) | 50.0 | 48.8 | ||
| 15:00 | US | Fed's Bernanke Testifies on Long Term US Fiscal Challenges | ||||
| 15:00 | US | New Home Sales (Jan) | 1080K | 1120 | ||
| Mar 1 | 08:55 | DE | PMI Manufacturing Index (Feb) | 58.5 | 58.5 | |
| 09:00 | EMU | PMI Manufacturing Index (Feb) | 55.7 | 55.5 | ||