Wednesday, Feb 13, 12:07 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: Wed, Feb 13, 13:00 GMT
Type of Session: Webinar
Level of Sentiment in the FX Market
Expert: Antonio Sousa
Start: Wed, Feb 13, 14:00 GMT
Sponsored by: 
Type of Session: Webinar
| Sponsored by | ||||
| Wed, Feb 13, 13:00 GMT | US Pre−Market Open  | Ed Ponsi | WBN |  |
| Wed, Feb 13, 14:00 GMT | Level of Sentiment in the FX Market | Antonio Sousa | WBN | |
| Wed, Feb 13, 14:30 GMT | US Session Open | Ed Ponsi | WBN | |
| Wed, Feb 13, 16:00 GMT | Effectively Using Stop Losses | S. Wade Hansen | WBN |  |
Current Session: Europe − U.S.
GBP/USD
Forex Daily Analysis − 13/02/'08 − US Retail Sales On Tap by ForexYard
There is a very distinct downwards channel forming on the 4 hour chart as the cable now floats in the mid section of it. The momentum is locally bullish, and traders must wait for a breach beyond the upper level of the channel at 1.9620 in order for the correction move to be fully validated. A failed breach will keep the cable floating within the channel in a mild bearish movement.
- Longer−term Support and Resistance Trading: Setups and Rules by Rob Booker, Currency Analyst Piptopia
- Check out how pairs moved: Live Currency Rates & Charts
- Follow up the most relevant Economic Data in the new Real Time Economic Calendar
EUR/JPY Daily Technical Forex − EUR/JPY Daily Technical Forex by Stoploss.ch
Majors at a Glance
- EUR/USD
- Back around opening price level 1.4580 , above pivot level 1.4564
02/13/2008 11:57 GMT - GBP/USD
- Moves up towards first resistant level 1.9671
02/13/2008 11:57 GMT - USD/CHF
- Trades below first resistant level 1.1046
02/13/2008 11:58 GMT - USD/JPY
- Moves up above first resistant level 107.63
02/13/2008 11:59 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 RETAIL SALES
| Date (GMT) | Event | Cons. | Previous | |
| Feb 13 | 13:30 | Retail Sales ex Autos (MoM) | 0.2% | -0.4% |
| Feb 13 | 13:30 | Retail Sales (MoM) | -0.2% | -0.4% |
Daily Forex Commentary - Will US retail sales drop further? by Jyske Bank
[ Full Story ]- Forex − Dollar steady in quiet trade ahead of US retail sales data (Thomson Financial News)
Forex Trading Strategies - US Retail Sales on tap by Saxo Bank
Daily Forex Technical Report − Focus on BoE Quarterly Inflation Report and US Retail Sales by ActionForex.com
Top Market Movers Review
UK BANK OF ENGLAND QUARTERLY INFLATION REPORT
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Feb 13 | 10:30 | Bank of England Quarterly Inflation Report | - | - | - |
BoE indicates expectations of Bank Rate at 4.50 pct by year−end may be overdone (Thomson Financial News)
The Bank of England provided a clear indication that UK borrowing costs are likely to fall again soon but warned that above−target inflation may limit the number of rate cuts it can enact.
[ Full Story ]- Read the Inflation Report data at BoE
- BoE's King says Darling/Brown have never tried to influence monetary policy (Thomson Financial News)
- Forex − Pound strengthens after BoE's hawkish inflation report UPDATE (Thomson Financial News)
- UK short sterling futures drop as BoE Inflation Report points to fewer rate cuts (Thomson Financial News)
Daily Forex Technical Report − Focus on BoE Quarterly Inflation Report and US Retail Sales by ActionForex.com
EMU INDUSTRIAL PRODUCTION S.A.
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Feb 13 | 10:00 | Industrial Production w.d.a. (YoY) | 1.3% | 2.3% | 3.1% |
| Feb 13 | 10:00 | Industrial Production s.a. (MoM) | -0.2% | 0.6% | -0.4% |
DATA SNAP: Euro−Zone Dec Indus Output Weaker Than Expected (Dow Jones)
Euro−zone industrial output fell for the second month in a row in December, indicating economic growth in the region moderated in the final quarter of the year, data from the European Union's Eurostat statistics agency showed Wednesday.
[ Full Story ]- Read the report: Industrial production down by 0.2% in both euro area and EU27 at Eurostat
- Forex − Euro weakens vs pound after industrial output data unexpectedly falls (Thomson Financial News)
- Euro zone Dec industrial output down 0.2 pct vs Nov, down 0.4 yr−on−yr (Thomson Financial News)
- Euro Zone's Industrial production declines 0.2% in December (FXstreet.com)
EMU economic indicators - German ZEW economic sentiment is expected to decline in February by BHF−Bank
UK CLAIMANT COUNT RATE
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Feb 13 | 09:30 | ILO Unemployment Rate | 5.2% | 5.3% | 5.4% |
| Feb 13 | 09:30 | Claimant Count Rate | 2.5% | 2.5% | 2.5% |
| Feb 13 | 09:30 | Jobless Claims Change | -10.8 | -5.0 | -6.4 |
DATA SNAP: UK Unemployment Falls For 16th Straight Month (Dow Jones)
U.K. unemployment fell for the sixteenth consecutive month in January, with the widely watched claimant count dropping almost twice as fast as economists had expected.
[ Full Story ]- Read the ILO unemployment data at National Statistics
- UPDATE: UK Unemployment Falls For 16th Straight Month (Dow Jones)
- Forex − Pound strengthens on bigger−than−expected fall in UK unemployment data (Thomson Financial News)
- UK claimant count falls for 16th month running in Jan, but wage growth benign (Thomson Financial News)
Economic Events
| Date (GMT) | Country | Event | Actual | Cons. | Previous | |
| Feb 13 | 09:30 | UK | Average Earnings including Bonus (3Mo/Yr) (Dec) | 3.8% | 3.9% | 4.0% |
| 09:30 | UK | Jobless Claims Change (Jan) | -10.8 | -5.0 | -6.4 | |
| 10:00 | EMU | Industrial Production s.a. (MoM) (Dec) | -0.2% | 0.6% | -0.4% |
|
| 10:00 | EMU | Industrial Production w.d.a. (YoY) (Dec) | 1.3% | 2.3% | 3.1% |
|
| 10:30 | UK | Bank of England Quarterly Inflation Report | ||||
| 12:00 | US | MBA Mortgage Applications (Feb 10) | -2.1% | 3.0% | ||
| 13:30 | US | Retail Sales (MoM) (Jan) | -0.2% | -0.4% | ||
| 13:30 | US | Retail Sales ex Autos (MoM) (Jan) | 0.2% | -0.4% | ||
| 14:40 | EMU | ECB's Trichet Speech | ||||
| 15:00 | US | Business Inventories (Dec) | 0.4% | 0.4% | ||