Thursday, Feb 07, 12:32 GMT
U.S. Trading Newsletter
To Get Started
- Webinars VIDEOS: Creating and Using a Powerful Trading Plan - Part 1 and Part 2 by Rob Booker
- Featured Event: The Code of the Schaff Trend Cycle indicator revealed at FXstreet.com
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Live Sessions Schedule
Pivot Points
Expert: Valeria Bednarik
Start: Thu, Feb 7, 15:00 GMT
Type of Session: Webinar
Topics
− Definition. suports and resistances coming from pivots and how to use them
− Different ways to trade them
How to Get Started Trading Forex
Expert: Steve Primo
Start: Thu, Feb 7, 16:00 GMT
Type of Session: Webinar
| Sponsored by | ||||
| Thu, Feb 7, 13:00 GMT | US Pre−Market Open  | Ed Ponsi | WBN |  |
| Thu, Feb 7, 14:30 GMT | Weekly Technical Briefing | Dan Blystone | WBN | |
| Thu, Feb 7, 15:00 GMT | Pivot Points | Valeria Bednarik | WBN | |
| Thu, Feb 7, 16:00 GMT | How to Get Started Trading Forex | Steve Primo | WBN | |
Current Session: Europe − U.S.
USD/CHF
FX Thoughts for the Day − USD−CHF has fallen down during the day by Kshitij Consultancy Service
USD−CHF has fallen down during the day and now the pair is coming close to its Support of 1.0950−40. A break below this could lead to further fall towards 1.0900 before a bounce is seen. Below the latter, the statistically projected Max Low for the day would come in at 1.0877.
- 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 Analysis − Markets await announcement from ECB and BOE by Finotec Group Inc.
Technical Summary for Majors − Technical Summary for Majors by Windsor Brokers Ltd
Majors at a Glance
- EUR/USD
- Moves sideways with low volatility. MAs are declining gradually.
02/07/2008 08:21 GMT - GBP/USD
- Moves sideways with low volatility. MAs are declining gradually.
02/07/2008 08:26 GMT - USD/CHF
- Moves sideways just above MAs. Support is seen at 1.0962.
02/07/2008 08:29 GMT - USD/JPY
- Moves upwards with low volatility. MAs are rising gradually. Support is seen at 106.33.
02/07/2008 08:31 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 ]
Charting the Market Movers
EUR USD, Hourly
GBP USD, Hourly
Top Market Movers Preview
EMU ECB INTEREST RATE DECISION
| Date (GMT) | Event | Cons. | Previous | |
| Feb 7 | 13:30 | ECB's Trichet Speaks | - | - |
| Feb 7 | 12:45 | ECB Interest Rate Decision | 4% | 4% |
Central Banks: ECB and BoE - Preview of Feb 7 meeting by FXstreet.com
The ECB is being challenged by softer activity data and the highest inflation rate in 14 years. We think that the ECB will remain in a wait and see mode on Thursday with an unchanged bias toward rate hikes in order to send a clear signal to wage negotiators in Germany.
- Special Webinar: What Moves Currencies? − It's Central Banks day with Tony Juste
- ECB WATCH: Record ABS Use In Repos As Banks Stay On ECB Drip (Dow Jones)
- Forex − US dollar mixed in Tokyo afternoon trade ahead of central bank meetings (Thomson Financial News)
Daily Forex News - Forex market await ECB and BoE rate decision and comments by ACM − Advanced Currency Markets
KBC Flash - Another difficult balancing act for the ECB by KBC Bank
Top Market Movers Review
UK BOE INTEREST RATE DECISION
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Feb 7 | 12:00 | BoE Interest Rate Decision | 5.25% | 5.25% | 5.50% |
Bank Of England Cuts Bank Rate To 5.25% From 5.5% (Dow Jones)
The Bank of England's Monetary Policy Committee reduced its key interest rate to 5.25% from 5.5% Thursday, but signaled that inflationary risks will prevent it from easing policy rapidly in the months ahead.
[ Full Story ]- Read the report: Bank Rate reduced to 5.25% at BoE
- Forex − Pound firms a touch as BoE opts for moderate cut (Thomson Financial News)
- BoE rate cut will help ensure soft landing for UK economic slowdown − CBI (Thomson Financial News)
- BoE rate cut 'welcome but not sufficient' − BCC (Thomson Financial News)
Central Banks: ECB and BoE - Preview of Feb 7 meeting by FXstreet.com
Daily Forex Technical Report − Focus on BoE and ECB by ActionForex.com
Forex Commentaries and Forecasts - BoE to cut the interest rates with quarter percent today by World−Signals®
Economic Events
| Date (GMT) | Country | Event | Actual | Cons. | Previous | |
| Feb 7 | 09:30 | UK | Industrial Production (MoM) (Dec) | -0.1% | 0.2% | -0.1% |
| 09:30 | UK | Industrial Production (YoY) (Dec) | 0.6% | 1.0% | 0.3% |
|
| 11:00 | DE | Factory Orders n.s.a. (YoY) (Dec) | 5.6% | 11.1% | 13.1% |
|
| 11:00 | DE | Factory Orders s.a. (MoM) (Dec) | -1.7% | -2.0% | 3.0% |
|
| 12:00 | UK | BoE Interest Rate Decision | 5.25% | 5.25% | 5.50% | |
| 12:00 | CZ | Interest Rate Decision | 3.75% | 3.50% | ||
| 12:45 | EMU | ECB Interest Rate Decision | 4% | 4% | ||
| 13:30 | US | Continuing Jobless Claims (Jan 26) | 2716K | |||
| 13:30 | EMU | ECB's Trichet Speaks | ||||
| 13:30 | US | Initial Jobless Claims (Feb 2) | 375K | |||