Thursday, Feb 14, 12:07 GMT
U.S. Trading Newsletter
To Get Started
- Webinars VIDEOS: Watch Live Coverage of the US GDP by Jerry Furst
- LIVE Free Access Day today! All our webinars for free − Check the schedule
- Global Chartbook: February 2008 by Wachovia
- World Premiere: The Code of the Schaff Trend Cycle indicator revealed at FXstreet.com
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Live Sessions Schedule
Weekly Technical Briefing − Free Access Day
Expert: Dan Blystone
Start: Thu, Feb 14, 14:30 GMT
Type of Session: Webinar
Trends and their ends and how to trade both − Free Access Day
Expert: Chris Capre
Start: Thu, Feb 14, 17:00 GMT
Type of Session: Webinar
| Sponsored by | ||||
| Thu, Feb 14, 12:00 GMT | Trading Range Bound and Trending Market Conditions − Free Access Day | Adam Rosen | WBN |  |
| Thu, Feb 14, 13:00 GMT | US Pre−Market Open − Free Access Day | Ed Ponsi | WBN | |
| Thu, Feb 14, 14:30 GMT | Weekly Technical Briefing − Free Access Day | Dan Blystone | WBN | |
| Thu, Feb 14, 15:00 GMT | Tracking the forex market together / Part II: Review − Free Access Day | Dr.S.Sivaraman | WBN | |
Current Session: Europe − U.S.
GBP/USD
Forex Technical Report − GBP/USD 1.9574 − 14 February by iFOREX.bg
GBP/USD Open 1.9618 High 1.9708 Low 1.9550 Close 1.9630
The short positive trend of the Sterling against the US Dollar remains intact. The upward movement today was stopped by the first resistance at 1.9715. Successful break would lead ahead to next resistance 1.9800, followed by 1.9950.
- 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
- Trades above first resistant level 1.4603
02/14/2008 12:05 GMT - GBP/USD
- Trades above first resistant level 1.9680
02/14/2008 12:05 GMT - USD/CHF
- Moves down below pivot level 1.1066
02/14/2008 12:06 GMT - USD/JPY
- Continues to trade around opening price level 108.30 , above pivot level 107.89
02/14/2008 12:06 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 TRADE BALANCE
| Date (GMT) | Event | Cons. | Previous | |
| Feb 14 | 13:30 | Trade Balance | -$61.10B | -$63.12B |
US economic indicators - The trade deficit could have narrowed in December by BHF−Bank
We expect the trade deficit to have narrowed from $63.1bn to $60.5bn in December: after rising by 3% mom, imports are likely to have developed weakly, given that import prices were unchanged and domestic demand has been slowing down.
[ Full Story ]Top Market Movers Review
EMU GROSS DOMESTIC PRODUCT S.A.
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Feb 14 | 10:00 | Gross Domestic Product s.a. (QoQ) | 0.4% | 0.3% | 0.8% |
| Feb 14 | 10:00 | Gross Domestic Product s.a. (YoY) | 2.3% | 2.2% | 2.7% |
DATA SNAP: Euro−Zone Growth Halves In 4Q Vs 3Q, +0.4% On Qtr (Dow Jones)
Euro−zone economic growth halved in the fourth quarter compared with the previous quarter, adding weight to expectations that the European Central Bank will cut interest rates gradually over the coming months.
[ Full Story ]- Euro area GDP up by 0.4% and EU27 up by 0.5% at Eurostat
- UPDATE: Euro−Zone Growth Halves In 4Q Vs 3Q, +0.4% On Qtr (Dow Jones)
- Euro zone provisional Q4 GDP up 0.4 pct from Q3; matches consensus (Thomson Financial News)
- Euro Zone's GDP growth moderates in the 4Q as expected (FXstreet.com)
EMU economic indicators - German ZEW economic sentiment is expected to decline in February by BHF−Bank
EMU ECB PUBLISHES MONTHLY REPORT
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Feb 14 | 09:00 | ECB Publishes Monthly Report | - | - | - |
ECB survey: economists cut growth forecasts, hike 2008 inflation forecast UPDATE (Thomson Financial News)
Economists surveyed by the European Central Bank have cut their forecasts for euro zone growth and raised their forecast for 2008 inflation, the ECB said in its February monthly bulletin.
[ Full Story ]- Read the Monthly Report at ECB
- ECB says euro zone house prices seeing gradual 'normalisation' (Thomson Financial News)
- ECB: Euro Zone's economic fundaments remain "sound" despite unusually high uncertainty (FXstreet.com)
- ECB survey: economists cut growth forecasts, raise 2008 inflation forecast (Thomson Financial News)
Economic Events
| Date (GMT) | Country | Event | Actual | Cons. | Previous | |
| Feb 14 | 07:00 | DE | Gross Domestic Product n.s.a (YoY) (4Q)  | 1.8% | 1.8% | 2.4% |
| 07:00 | DE | Gross Domestic Product s.a (QoQ) (4Q) | 0.3% | 0.3% | 0.7% | |
| 09:00 | EMU | ECB Publishes Monthly Report (Feb) | ||||
| 10:00 | EMU | Gross Domestic Product s.a. (QoQ) (4Q) | 0.4% | 0.3% | 0.8% | |
| 10:00 | EMU | Gross Domestic Product s.a. (YoY) (4Q) | 2.3% | 2.2% | 2.7% | |
| 10:00 | CH | ZEW Survey − Expectations (Feb) | -55.6 | -34.0 | -32.7 | |
| 13:30 | US | Continuing Jobless Claims (Feb 2) | 2785K | |||
| 13:30 | US | Initial Jobless Claims (Feb 9) | 343K | 356K | ||
| 13:30 | CA | International Merchandise Trade (Dec) | $3.6B | $3.7B | ||
| 13:30 | US | Trade Balance (Dec) | -$61.10B | -$63.12B | ||