Tuesday, Feb 12, 12:01 GMT
U.S. Trading Newsletter
To Get Started
- Webinars VIDEOS: Watch Live Coverage of the US GDP by Jerry Furst
- 2008 Forex Market Predictions, by Forex.com
- Trendex: Instant Trading Tips from FX Pros right to your desktop
- World Premiere: The Code of the Schaff Trend Cycle indicator revealed at FXstreet.com
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Live Sessions Schedule
US Pre−Market Open
Expert: Ed Ponsi
Start: Tue, Feb 12, 13:00 GMT
Type of Session: Webinar
Technical Analysis Bootcamp: The indicators you need to know and how to interpret them
Expert: Dan Blystone
Start: Tue, Feb 12, 15:00 GMT
Type of Session: Webinar
| Sponsored by | ||||
| Tue, Feb 12, 13:00 GMT | US Pre−Market Open  | Ed Ponsi | WBN |  |
| Tue, Feb 12, 14:30 GMT | Forex with Ed Ponsi | Ed Ponsi | WBN | |
| Tue, Feb 12, 15:00 GMT | Technical Analysis Bootcamp: The indicators you need to know and how to interpret them | Dan Blystone | WBN | |
| Tue, Feb 12, 16:00 GMT | Trading with Autochartist | Raghee Horner | WBN | |
Current Session: Europe − U.S.
EUR/USD
EUR/USD Briefing − EUR/USD ranged by Nexum Capital Markets
EUR/USD seems to be ignoring fundamentals, at least it did last week when everything read negative in the US but the USD still managed to get 300 pips into its pocket. We're in a wide range now and it will be here for a while. We believe that until something decisive happens in Europe or the US finally gets into recession, price action will be ranged between 1.4450 and 1.4750. This seems boring but it is actually a great opportunity to get enormous profits for our clients.
- Intermarket Relationships 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 − Dollar mixed against major currencies by Finotec Group Inc.
Majors at a Glance
- EUR/USD
- Moves up above pivot level 1.4525
02/12/2008 10:31 GMT - GBP/USD
- Moves up towards first resistant level 1.9558
02/12/2008 10:31 GMT - USD/CHF
- Trades above pivot level 1.1005
02/12/2008 10:31 GMT - USD/JPY
- Trades around pivot level 106.98
02/12/2008 10:31 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
US ABC CONSUMER CONFIDENCE
| Date (GMT) | Event | Cons. | Previous | |
| Feb 12 | 22:00 | ABC Consumer Confidence | - | -27 |
US economic indicators - The trade deficit could have narrowed in December by BHF−Bank
Late respondents were more pessimistic, and thus the preliminary February index is likely to show a decrease. In addition, the weekly ABC consumer comfort poll fell sharply by six points to –33, which was the lowest level since autumn 1993.
[ Full Story ]Top Market Movers Review
Germany ZEW SURVEY − ECONOMIC SENTIMENT
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Feb 12 | 10:00 | ZEW Survey − Economic Sentiment | -39.5 | -45.0 | -41.6 |
DATA SNAP: German Feb ZEW Econ Sentiment Unexpectedly Rises (Dow Jones)
Sentiment among German financial analysts and institutional investors unexpectedly rose in February, albeit slightly, but remained near 15−year lows, a survey from the Center for European Economic Research, or ZEW showed Tuesday.
[ Full Story ]- Read the Economic Sentiment data at ZEW
- German ZEW Feb economic expectations index −39.5 pts vs −41.6 in Jan UPDATE (Thomson Financial News)
- UPDATE: German Feb ZEW Econ Sentiment Unexpectedly Rises (Dow Jones)
- German ZEW Feb economic expectations index −39.5 pts vs −41.6 in Jan (Thomson Financial News)
EMU economic indicators - German ZEW economic sentiment is expected to decline in February by BHF−Bank
UK CONSUMER PRICE INDEX
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Feb 12 | 09:30 | Consumer Price Index (MoM) | -0.7% | -0.6% | 0.6% |
| Feb 12 | 09:30 | Core Consumer Price Index (YoY) | 1.3% | 1.5% | 1.4% |
| Feb 12 | 09:30 | Consumer Price Index (YoY) | 2.2% | 2.3% | 2.1% |
UK CPI rises 2.2% on the year in January on petrol prices (FXstreet.com)
Petrol prices have fuelled UK consumer inflation in January, together with food prices, which have pushed yearly CPI somewhat above the Bank of England's upper limit for price stability, according to the latest figures by national Statistics.
[ Full Story ]- Read the report: Petrol prices help inflation rise to 2.2 per cent at National Statistics
- UPDATE: UK CPI +2.2% On Year (Dow Jones)
- Forex − Pound dips as inflation figures come in below expectations UPDATE (Thomson Financial News)
- DATA SNAP: UK CPI +2.2% On Year (Dow Jones)
Daily Forex Commentary - CPI from the UK by Jyske Bank
Economic Events
| Date (GMT) | Country | Event | Actual | Cons. | Previous | |
| Feb 12 | 09:30 | UK | Consumer Price Index (YoY) (Jan) | 2.2% | 2.3% | 2.1% |
| 09:30 | UK | Core Consumer Price Index (YoY) (Jan) | 1.3% | 1.5% | 1.4% | |
| 09:30 | UK | Retail Price Index (MoM) (Jan) | -0.5% | 0.5% | 0.6% | |
| 09:30 | UK | Retail Price Index (YoY) (Jan) | 4.1% | 4.1% | 4.0% | |
| 10:00 | EMU | ZEW Survey − Economic Sentiment (Feb) | -41.4 | -43.0 | -41.7 | |
| 10:00 | DE | ZEW Survey − Economic Sentiment (Feb) | -39.5 | -45.0 | -41.6 | |
| 21:45 | NZ | Producer Price Index − Input (QoQ) (4Q) | 2.3% | |||
| 21:45 | NZ | Producer Price Index − Output (QoQ) (4Q) | 1.6% | |||
| 22:00 | US | ABC Consumer Confidence (Feb 10) | -27 | |||
| 23:30 | AU | Westpac Consumer Confidence (Feb) | -8.3% | |||