Thursday, Feb 28, 12:12 GMT
U.S. Trading Newsletter
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Live Sessions Schedule
Mapping The News
Expert: John Jagerson
Start: Thu, Feb 28, 15:00 GMT
Sponsored by: 
Type of Session: Webinar
Live Look at Today's Markets
Expert: Derek Frey
Start: Thu, Feb 28, 18:00 GMT
Sponsored by: 
Type of Session: Webinar
| Sponsored by | ||||
| Thu, Feb 28, 12:30 GMT | Watch Live Coverage of the US GDP | Jerry Furst | WBN |  |
| Thu, Feb 28, 14:30 GMT | Weekly Technical Briefing  | Dan Blystone | WBN |  |
| Thu, Feb 28, 15:00 GMT | Mapping The News | John Jagerson | WBN | |
| Thu, Feb 28, 16:00 GMT | How to Get Started Trading Forex | Steve Primo | WBN | |
Current Session: Europe − U.S.
USD/JPY
FX Advisor's Blog − Carry cows charts by FXstreet.com
The unit has broken the 2 very steep downtrend lines that had capped any bounce yesterday, but still is trading below both a dynamic resistance around 106.60 and the 38.2% Fibonacci retracement of the last downleg (which coincides, more or less, with the exteme OB level at the moment). If the unit can make it past 106.80, then chances to the upside are intact; otherwise it will have a tough time, not ruling out new lows.
- Price Patterns 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
Forex Daily Analysis − 28/02/'08 − USD Still Under Pressure by ForexYard
Majors at a Glance
- EUR/USD
- Stays above pivot level 1.5077
02/28/2008 11:59 GMT - GBP/USD
- Back around opening price level 1.9813 , below pivot level 1.9860
02/28/2008 12:00 GMT - USD/CHF
- Stays around opening price level 1.0633 , below pivot level 1.0668
02/28/2008 12:00 GMT - USD/JPY
- Trades below pivot level 106.60
02/28/2008 12:01 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 GROSS DOMESTIC PRODUCT ANNUALIZED
| Date (GMT) | Event | Cons. | Previous | |
| Feb 28 | 13:30 | Gross Domestic Product Annualized | 0.8% | 4.9% |
US economic indicators - Producer price inflation could have accelerated in January by BHF−Bank
The advance estimate of GDP growth in Q4 showed a sharp slowdown from 4.9% to an annualised 0.6% qoq, mainly due to significant negative contributions from residential and inventory investment and smaller positive contributions from private consumption, corporate investment, government spending and net exports.
[ Full Story ]- Special Webinar: Watch Live Coverage of the US GDP with Jerry Furst
- Watch last GDP Coverage webinar video
Top Market Movers Review
Germany UNEMPLOYMENT CHANGE
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Feb 28 | 08:55 | Unemployment Rate s.a. | 8.0% | 8.0% | 8.1% |
| Feb 28 | 08:55 | Unemployment Change | -75K | -48K | -91K |
DATA SNAP: German Feb Adj Jobless Rate 8.0% Vs 8.1% In Jan (Dow Jones)
German unemployment declined more than expected in February due to mild weather conditions and strong demand for highly educated workers, data from the labor office showed Thursday.
[ Full Story ]- Bundesagentur für Arbeit homepage
- German Feb unadjusted jobless 3.617 mln, down 42,000 from Jan UPDATE (Thomson Financial News)
- German Feb unadjusted jobless 3.617 mln, down 42,000 from Jan − Labour Office (Thomson Financial News)
- German unemployment continues decreasing in February (FXstreet.com)
Economic Events
| Date (GMT) | Country | Event | Actual | Cons. | Previous | |
| Feb 28 | 07:00 | DE | ILO Unemployment Rate (Jan) | 7.6% | 7.7% | 7.8% |
| 08:15 | CH | Employment Level (QoQ) (4Q) | 3.88M | 3.86M | 3.87M | |
| 08:55 | DE | Unemployment Change (Feb) | -75K | -48K | -91K |
|
| 08:55 | DE | Unemployment Rate s.a. (Feb) | 8.0% | 8.0% | 8.1% | |
| 09:00 | EMU | Bloomberg Retail PMI (Feb) | 52.4 | 48.1 | ||
| 09:00 | DE | Bloomberg Retail PMI (Feb) | 52.1 | 44.2 | ||
| 13:30 | US | Continuing Jobless Claims (Feb 16) | 2773K | 2784K | ||
| 13:30 | US | Gross Domestic Product Annualized (4Q)  | 0.8% | 4.9% | ||
| 13:30 | US | Initial Jobless Claims (Feb 23) | 350K | 349K | ||
| 13:30 | US | Personal Consumption (4Q) | 2% | 2% | ||