Wednesday, Feb 06, 12:11 GMT
U.S. Trading Newsletter
To Get Started
- Webinars VIDEOS: Creating and Using a Powerful Trading Plan - Part 1 by Rob Booker
- Featured Event: The Code of the Schaff Trend Cycle indicator revealed at FXstreet.com
- Check all information about Futures Market in Latest Futures News
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Live Sessions Schedule
US Pre−Market Open
Expert: Ed Ponsi
Start: Wed, Feb 6, 13:00 GMT
Type of Session: Webinar
Main technical theme in the currency market
Expert: Jamie Saettele
Start: Wed, Feb 6, 14:00 GMT
Sponsored by: 
Type of Session: Webinar
| Sponsored by | ||||
| Wed, Feb 6, 13:00 GMT | US Pre−Market Open  | Ed Ponsi | WBN |  |
| Wed, Feb 6, 14:00 GMT | Main technical theme in the currency market | Jamie Saettele | WBN | |
| Wed, Feb 6, 14:30 GMT | US Session Open | Ed Ponsi | WBN | |
| Wed, Feb 6, 15:00 GMT | Using CCI and Stochastics For Long and Short Term Forex Trading | Sam Seiden | WBN |  |
Current Session: Europe − U.S.
GBP/USD
Forex Daily Analysis − 06/02/'08 − USD Correction Continues... by ForexYard
The cable dropped massively in the last 48 hours yet failed to breach the 1.9600 level. The 4 hour slow stochastic indicates a moderate bullish momentum, however the daily studies show distinct bearish notion. Selling on highs might be wise today.
- Exotic Forex Options by S. Wade Hansen, 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 Technical Strategist − EURUSD: Weakens Below Its Rising Trendline, Focuses On The 1.4577 Level by FXTechstrategy
Market Thoughts − 6/2/2008 − The Current Market Sentient by FX Recommends
Majors at a Glance
- EUR/USD
- Moves downwards below MAs with high volatility. Support is seen at 1.4631.
02/06/2008 08:26 GMT - GBP/USD
- Moves downwards with. Immediate support is seen at 1.9664.
02/06/2008 08:29 GMT - USD/CHF
- Moves downwards below MAs. Resistance is seen at 1.1058.
02/06/2008 08:32 GMT - USD/JPY
- Moves upwards with low volatility. Support is seen at 106.58.
02/06/2008 08:35 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 NONFARM PRODUCTIVITY
| Date (GMT) | Event | Cons. | Previous | |
| Feb 6 | 13:30 | Nonfarm Productivity | 1.0% | 6.3% |
US economic indicators - ISM non−manufacturing index is likely to have declined in January by BHF−Bank
As we expect working hours to have gone up slightly, we forecast that non−farm productivity will not have risen at all in Q4. Growth in unit labour costs might have accelerated to about 4.5% qoq. In 2007 as a whole, non−farm productivity will probably have gone up by 1.6%, after 1.0% in 2006, and unit labour costs by 3.3%, after 2.9%.
[ Full Story ]- OUTLOOK Highlights of economic indicators to be released in the coming week (Thomson Financial News)
Top Market Movers Review
UK BRC SHOP PRICE INDEX
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Feb 6 | 10:30 | BRC Shop Price Index (MoM) | -0.5% | - | 0.2% |
| Feb 6 | 10:30 | BRC Shop Price Index (YoY) | 1.2% | - | 1.0% |
UK BRC shop prices index posts first monthly decrease in half a year in January (FXstreet.com)
Shop prices have decreased on the month in the UK in January, fotrr the first time in the last six months, although year−on−year prices increased somewhat faster than in December fuelled by food prices, according to the latest report by the British Retail Consortium.
[ Full Story ]- Read the Shop Price Index data at BRC
- UK Jan shop prices down 0.5 pct vs Dec, up 1.2 pct year−on−year − BRC UPDATE (Thomson Financial News)
- UK Jan shop prices down 0.5 pct vs Dec, up 1.2 pct year−on−year − BRC (Thomson Financial News)
- United Kingdom BRC Shop Price Index, 0.5% down in January; 1.2% up on the year (FXstreet.com)
- Tony Juste, FX Advsor at FXstreet.com: "After the disappointing retail sales data, we are interested to see how the figures of the BRC come out in order to stablish a possible trend in UK retail sales n the short term." − FXstreet.com
GBP/USD Developing Flag Pattern Heading Into ISM News from US by fxKnight.com
Economic Events
| Date (GMT) | Country | Event | Actual | Cons. | Previous | |
| Feb 6 | 00:01 | UK | Nationwide Consumer Confidence (Jan) | 81 | 83 | 85 |
| 05:00 | JP | Leading Economic Index (Dec)  | 40.0 | 40.0 | 18.2 | |
| 10:30 | UK | BRC Shop Price Index (MoM) | -0.5% | 0.2% | ||
| 10:30 | UK | BRC Shop Price Index (YoY) | 1.2% | 1.0% | ||
| 12:00 | US | MBA Mortgage Applications (Feb 1) | 7.5% | |||
| 13:30 | CA | Building Permits (MoM) (Dec) | -0.5% | -9.9% | ||
| 13:30 | US | Nonfarm Productivity (4Q) | 1.0% | 6.3% | ||
| 15:00 | CA | Ivey Purchasing Managers Index (Jan) | 45.9 | 45.9 | ||
| 15:30 | US | EIA Crude Oil Stocks | 2.3 | |||
| 15:30 | UK | Leading Indicator Index (Dec) | -0.3% | |||