Friday, Feb 08, 12:16 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
- Brand new Rates & Charts: new providers and new utilities with high−frequency updated data
- ECB and BoE: Review of Feb 7 meeting by FXstreet.com
Note that our messages might be blocked by anti-spam filters so please add newsletter@fxstreet.com or our domain (fxstreet.com) to your address book.
Live Sessions Schedule
US Pre−Market Open
Expert: Ed Ponsi
Start: Fri, Feb 8, 13:00 GMT
Type of Session: Webinar
Live Trading
Expert: Tony Juste
Start: Fri, Feb 8, 15:00 GMT
Type of Session: Webinar
| Sponsored by | ||||
| Fri, Feb 8, 13:00 GMT | US Pre−Market Open  | Ed Ponsi | WBN |  |
| Fri, Feb 8, 14:30 GMT | US Session Open | Ed Ponsi | WBN | |
| Fri, Feb 8, 15:00 GMT | Live Trading | Tony Juste | WBN | |
| Mon, Feb 11, 10:00 GMT | FX Instructor Live Trading Room | Mihai Marinescu | WBN |  |
Current Session: Europe − U.S.
USD/JPY
USD/JPY Daily Technical Forex − Current level at 11:38 CET is 107.48 by Stoploss.ch
Current level at 11:38 CET is 107.48, trading above the daily pivot point level of 107.02, having seen a brief low yesterday of 105.92. This currency pair is in the eye of the hurricane, with US dollar strength on the one hand and Yen strength on the other. Daily MACD has moved into positive territory and daily standard errror bands are now poised to the upside.
- 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: Extends Its Decline, Aims At The 1.4310 Level by FXTechstrategy
FX Analysts' Comments
At the Open. It's the JPY that matters by Tony Juste, FX Advisor at FXstreet.com
Majors at a Glance
- EUR/USD
- Moves sideways with low volatility. MAs are declining gradually.
02/08/2008 08:33 GMT - GBP/USD
- Moves downwards with low volatility. MAs are declining gradually.
02/08/2008 08:35 GMT - USD/CHF
- Moves upwards with low volatility. Immediate resistance is seen at 1.1005.
02/08/2008 08:41 GMT - USD/JPY
- Moves upwards with high volatility. MAs are rising gradually. Support is seen at 107.14.
02/08/2008 08:45 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
US WHOLESALE INVENTORIES
| Date (GMT) | Event | Cons. | Previous | |
| Feb 8 | 15:00 | Wholesale Inventories | 0.3% | 0.6% |
Ahead of the Bell: Wholesale Trade (Thomson Financial News)
Wall Street economists expect government data to be released Friday will show that wholesale sales and inventories declined in December, a sign that distributors sought to limit their stockpiles in the face of weak retail sales.
[ Full Story ]- OUTLOOK Highlights of economic indicators to be released in the coming week (Thomson Financial News)
Top Market Movers Review
Canada UNEMPLOYMENT RATE
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Feb 8 | 12:00 | Unemployment Rate | 5.8% | 5.9% | 5.9% |
Candian unemployment decreased in January to record lows (FXstreet.com)
Employment has posted a considerable increase in January in Canada, boosting the employment rate to a record high, while the unemployment rate has decreased more than expected, according to data released by Statcan.
[ Full Story ]- Read the Unemployment data at Statistics Canada
- Canada Jan Unemployment Rate falls to 5.8% vs 6.0% in Dec (FXstreet.com)
Daily Forex Technical Report − Focus Turning to Canadian Job Report by ActionForex.com
Germany INDUSTRIAL PRODUCTION S.A.
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Feb 8 | 11:00 | Industrial Production s.a. w.d.a. (YoY) | 4.1% | 4.2% | 4.2% |
| Feb 8 | 11:00 | Industrial Production s.a. (MoM) | 0.8% | 1.0% | -0.3% |
DATA SNAP: German Dec Indus Output Adj +0.8% MM; +4.1% YY (Dow Jones)
German industrial production grew 0.8% in December from the month earlier, fueled a surge in manufacturing orders in autumn 2007, data from the German Economics Ministry showed Friday.
[ Full Story ]- Read the Industrial Production data at BMWi [text in German]
- German industrial production increases slightly below expectations in December (FXstreet.com)
- German Dec industrial output up 0.8 pct from Nov; consensus up 1.2 pct (Thomson Financial News)
- Germany Dec Industrial Production s.a. increases 0.8%; 4.1% up on the year (FXstreet.com)
EMU economic indicators - ECB set to keep refi rate unchanged, but to soften its stance by BHF−Bank
Economic Events
| Date (GMT) | Country | Event | Actual | Cons. | Previous | |
| Feb 8 | 06:45 | CH | Consumer Price Index (MoM) (Jan) | -0.3% | 0.5% | 0.2% |
| 07:00 | DE | Trade Balance (Dec) | 10.8B | 16.8B | 19.5B |
|
| 11:00 | DE | Industrial Production s.a. (MoM) (Dec) | 0.8% | 1.0% | -0.3% |
|
| 11:00 | DE | Industrial Production s.a. w.d.a. (YoY) (Dec) | 4.1% | 4.2% | 4.2% |
|
| 11:00 | EMU | OECD Euro Zone Leading Indicator Index (Jan) | 99.1 | 99.4 |
||
| 12:00 | CA | Unemployment Rate (Jan) | 5.8% | 5.9% | 5.9% | |
| 13:15 | CA | Housing Starts s.a (YoY) (Jan) | 202.5K | 187.5K | ||
| 15:00 | US | Wholesale Inventories (Dec) | 0.3% | 0.6% | ||
| Feb 11 | 09:30 | UK | Producer Price Index − Input (MoM) s.a (Jan) | 0.5% | ||
| 09:30 | UK | Producer Price Index − Input (YoY) n.s.a (Jan) | 11.3% | |||