Wednesday, Feb 20, 12:22 GMT
U.S. Trading Newsletter
To Get Started
- Webinars VIDEOS: Using CCI and Stochastics For Long and Short Term Forex Trading by Sam Seiden
- Releasing the Code to the Schaff Trend Cycle by Doug Schaff
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Live Sessions Schedule
Main Fundamental theme in the Currency market
Expert: Kathy Lien
Start: Wed, Feb 20, 14:00 GMT
Sponsored by: 
Type of Session: Webinar
Combining Fundamental and Technical Analysis
Expert: S. Wade Hansen
Start: Wed, Feb 20, 16:00 GMT
Sponsored by: 
Type of Session: Webinar
| Sponsored by | ||||
| Wed, Feb 20, 14:00 GMT | Main Fundamental theme in the Currency market | Kathy Lien | WBN | |
| Wed, Feb 20, 15:00 GMT | Combining Indicators and True Support (demand) and Resistance (supply) | Sam Seiden | WBN |  |
| Wed, Feb 20, 16:00 GMT | Combining Fundamental and Technical Analysis | S. Wade Hansen | WBN | |
| Wed, Feb 20, 17:00 GMT | Trading with Bollinger Bands and the ATR  | Chris Capre | WBN | |
Current Session: Europe − U.S.
EUR/USD
Daily Forex News − Dollar slips as investors are worried about further economy slowdown and more interest rates cut by ACM − Advanced Currency Markets
EurUsd Market confirmed the recent strength over 1.4500 pivot point recovering from 7th February 1.4440 low. Medium term trading range is now 1.4366 – 1.4952. Trendline support holds 1.4311 ahead of 1.4280 strong support. Initial resistance holds 1.4757 yesterday high.
- Trading Gaps in the Forex by John Jagerson, 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 FX Report − Daily FX Report by Varengold Wertpapierhandelsbank AG
Majors at a Glance
- EUR/USD
- Moves down towards first support level 1.4659
02/20/2008 12:03 GMT - GBP/USD
- Moves down towards second support level 1.9406
02/20/2008 12:04 GMT - USD/CHF
- Moves up towards first resistant level 1.1007
02/20/2008 12:04 GMT - USD/JPY
- Trades above pivot level 107.75
02/20/2008 12:04 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 CONSUMER PRICE INDEX
| Date (GMT) | Event | Cons. | Previous | |
| Feb 20 | 13:30 | Consumer Price Index (MoM) | 0.3% | 0.3% |
| Feb 20 | 13:30 | Consumer Price Index (YoY) | 4.2% | 4.1% |
Wakeup Call on Forex Markets - It's All About US CPI Today by Saxo Bank
[ Full Story ]- Forex − Dollar steady vs yen, euro in afternoon trade ahead of US economic data (Thomson Financial News)
- OUTLOOK Highlights of US economic data to be released this week (Thomson Financial News)
US economic indicators - Core consumer prices will probably have risen moderately in January by BHF−Bank
Top Market Movers Review
UK CBI INDUSTRIAL TRENDS SURVEY − ORDERS
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Feb 20 | 11:00 | CBI Industrial Trends Survey − Orders (MoM) | 3% | - | 2% |
UK Feb manufacturing orders balance +3 pct vs Jan's 2 pct − CBI (Thomson Financial News)
UK manufacturers in February enjoyed the longest run of sustained demand in 12 years, defying the slowdown in other parts of the economy, a leading business lobby group said.
[ Full Story ]- Read the report: Manufacturing firms buck wider slowdown at CBI
- UK Feb manufacturing orders balance +3 pct vs Jan's 2 pct − CBI UPDATE (Thomson Financial News)
- UK's CBI industrial trends survey shows sustained demand in February (FXstreet.com)
- DATA SNAP: CBI Feb Indus Output Balance +11 Vs +9 In Jan (Dow Jones)
UK BANK OF ENGLAND MINUTES
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Feb 20 | 09:30 | Bank of England Minutes | - | - | - |
BoE MPC voted 8−1 to cut rates to 5.25 pct, Blanchflower wanted half point cut (Thomson Financial News)
Bank of England rate setters voted 8−1 to cut rates a quarter point to 5.25 pct on February 7th, with arch−dove David Blanchflower calling for a more drastic half point reduction in borrowing costs.
[ Full Story ]- Read the Minutes of the meeting held on 6 & 7 February at BoE
- UPDATE: Bank Of England Voted 8−1 For Quarter−point Cut In February (Dow Jones)
- UK consumption growth, investment intentions easing − BoE agents' summary (Thomson Financial News)
- Forex − Pound eases as BoE minutes shows one vote for 50 basis point cut UPDATE (Thomson Financial News)
Daily Forex Technical Report − An Eventful Day with BoE & FOMC Minutes, Plus US CPI & Housing by ActionForex.com
Economic Events
| Date (GMT) | Country | Event | Actual | Cons. | Previous | |
| Feb 20 | 09:30 | UK | Bank of England Minutes | |||
| 09:30 | UK | CML Gross Mortgage Lending s.a. (Jan) | £26.5B | £23.9B | ||
| 09:30 | UK | M4 Money Supply (YoY) (Jan)  | 12.9% | 11.9% | 12.4% | |
| 09:30 | UK | Public Sector Net Borrowing (Jan) | £-14.1B | -£9.5 | £7.8B | |
| 11:00 | UK | CBI Industrial Trends Survey − Orders (MoM) (Feb) | 3% | 2% | ||
| 12:00 | US | MBA Mortgage Applications (Feb 15) | -22.6% | -2.1% | ||
| 13:30 | US | Building Permits (MoM) (Jan) | 1.050 | 1.068M | ||
| 13:30 | CA | Canadian Investment in Foreign Securities (Dec) | $4.467 | |||
| 13:30 | US | Consumer Price Index (MoM) (Jan) | 0.3% | 0.3% | ||
| 13:30 | US | Consumer Price Index (YoY) (Jan) | 4.2% | 4.1% | ||