Tuesday, Feb 05, 12:48 GMT
U.S. Trading Newsletter
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Live Sessions Schedule
Technical Analysis Bootcamp: The indicators you need to know and how to interpret them
Expert: Dan Blystone
Start: Tue, Feb 5, 15:00 GMT
Type of Session: Webinar
Day Trading Series − Chapter III: Developing a Profitable Trading Strategy (Part 1)
Expert: Markus Heitkoetter
Start: Tue, Feb 5, 17:00 GMT
Sponsored by: 
Type of Session: Webinar
| Sponsored by | ||||
| Tue, Feb 5, 13:00 GMT | US Pre−Market Open  | Ed Ponsi | WBN |  |
| Tue, Feb 5, 14:30 GMT | Forex with Ed Ponsi | Ed Ponsi | WBN | |
| Tue, Feb 5, 15:00 GMT | Technical Analysis Bootcamp: The indicators you need to know and how to interpret them | Dan Blystone | WBN | |
| Tue, Feb 5, 16:00 GMT | Trading with Autochartist | Raghee Horner | WBN | |
Current Session: Europe − U.S.
GBP/USD
Forex Daily Analysis − 05/02/'08 − ISM Non−Manufacturing on Tap by ForexYard
The cable bottomed at 1.9350 and since, is showing bullish momentum that appears to be continuing with little interruption. The hourlies are moderately bullish, and the daily chart is showing that a bullish break might be imminent. Going long appears to be the right choice today.
- Introducing Forex Options − by John Jagerson, Founder Profiting With Forex
- Check out how pairs moved: Live Currency Rates & Charts
- Follow up the most relevant Economic Data in the new Real Time Economic Calendar
Daily Analysis − RBA tightens to curb inflation by Finotec Group Inc.
EUR/JPY Daily Technical Forex − EUR/JPY Daily Technical Forex by Stoploss.ch
Majors at a Glance
- EUR/USD
- Moves downdwards below MAs with high volatility. Support is seen at 1.4660.
02/05/2008 11:09 GMT - GBP/USD
- Moves downwards with high volatility. Immediate support is seen at 1.9650.
02/05/2008 11:10 GMT - USD/CHF
- Moves upwards over MAs with high volatility. Resistance is seen at 1.1060.
02/05/2008 11:12 GMT - USD/JPY
- Moves upwards with low volatility. Support is seen at 106.58.
02/05/2008 11:13 GMT
Analyst Sentiment Index (ASI)
Analysts Sentiment Index - EUR/USD
**Source : ActionForex.com, CMS Forex, Danske Bank A/S, FXstreet.com, Global Forex Trading, Mizuho Corporate Bank
[ View ASI page ] [ View EUR/USD page ]
Top Market Movers Preview
US ISM NON−MANUFACTURING
| Date (GMT) | Event | Cons. | Previous | |
| Feb 5 | 15:00 | ISM Non−Manufacturing | 53.0 | 53.9 |
US economic indicators - ISM non−manufacturing index is likely to have declined in January by BHF−Bank
The ISM non−manufacturing index was revised upwards slightly to 54.4 in December. But given the much lower level of its manufacturing counterpart and the spill−over effects of the housing and mortgage market crisis, we expect the ISM nonmanufacturing index to have fallen back to about 52.0.
[ Full Story ]- Ahead of the Bell: Non−Manufacturing ISM (Thomson Financial News)
- OUTLOOK Highlights of economic indicators to be released in the coming week (Thomson Financial News)
Forex Daily Analysis - 05/02/'08 − ISM Non−Manufacturing on Tap by ForexYard
Top Market Movers Review
EMU RETAIL SALES
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Feb 5 | 10:00 | Retail Sales (YoY) | -2.0% | -0.8% | -1.2% |
| Feb 5 | 10:00 | Retail Sales (MoM) | -0.1% | 0.2% | -0.7% |
DATA SNAP: Euro−Zone Dec Retail Sales Post Record Drop (Dow Jones)
Euro−zone retail sales fell for the third consecutive month in January, with the annual measure posting its largest drop since records began in 1997, data from the European statistics agency Eurostat showed Tuesday.
[ Full Story ]- Read the report: Volume of retail trade down by 0.1% in euro area at Eurostat
- Euro zone Dec retail sales down 0.1 pct vs Nov, down 2.0 yr−on−yr (Thomson Financial News)
- Euro Zone's retail sales decline for third consecutive month in December (FXstreet.com)
- EU Retail Sales ease 0.1% in Dec; 2.0% down from Dec 06 (FXstreet.com)
EMU PURCHASING MANAGER INDEX SERVICES
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Feb 5 | 09:00 | Purchasing Manager Index Services | 50.6 | 52.0 | 53.1 |
Euro−Zone Jan Services PMI 50.6 Vs 53.1 In Dec − Sources (Dow Jones)
The euro zone's services sector faltered in January making it increasingly likely that the European Central Bank will contemplate lowering interest rates in the currency area.
[ Full Story ]- NTC Economics homepage
- DATAWATCH Fall in euro zone PMI raises stakes for ECB; rate cut odds shorten (Thomson Financial News)
- Forex − Euro weakens after sharp downgrade to euro zone services PMI (Thomson Financial News)
- Euro zone Jan services PMI 50.6, lowest since July 2003 − sources (Thomson Financial News)
Daily Market Outlook by AceTrader
Economic Events
| Date (GMT) | Country | Event | Actual | Cons. | Previous | |
| Feb 5 | 08:00 | UK | Halifax House Prices (MoM) | 0.0% | -0.4% | 1.3% |
| 08:55 | DE | Purchasing Manager Index Services (Jan) | 49.2 | 50.6 | 51.2 | |
| 09:00 | EMU | Purchasing Manager Index Services (Jan) | 50.6 | 52.0 | 53.1 | |
| 09:30 | UK | Purchasing Manager Index Services (Jan) | 52.5 | 52.0 | 52.4 |
|
| 10:00 | EMU | Retail Sales (MoM) (Dec) | -0.1% | 0.2% | -0.7% |
|
| 10:00 | EMU | Retail Sales (YoY) (Dec) | -2.0% | -0.8% | -1.2% |
|
| 15:00 | US | ISM Non−Manufacturing (Jan) | 53.0 | 53.9 | ||
| Feb 6 | 00:01 | UK | Nationwide Consumer Confidence (Jan) | 83 | 85 | |
| 05:00 | JP | Leading Economic Index (Dec)  | 40.0 | 18.2 | ||
| 10:30 | UK | BRC Shop Price Index (MoM) | 0.2% | |||