Friday, Feb 29, 12:18 GMT

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Live Sessions Schedule

Tracking the forex market together / Part II: Review
Expert: Dr.S.Sivaraman
Start: Fri, Feb 29, 14:00 GMT

Type of Session: Webinar

Live Trading
Expert: Tony Juste
Start: Fri, Feb 29, 15:00 GMT

Type of Session: Webinar

Sponsored by
Fri, Feb 29, 12:00 GMT	Bollinger Bands for the Beginner	Adam Rosen	WBN
Fri, Feb 29, 14:00 GMT	Tracking the forex market together / Part II: Review	Dr.S.Sivaraman	WBN
Fri, Feb 29, 15:00 GMT	Live Trading	Tony Juste	WBN
Mon, Mar 3, 10:00 GMT	FX Instructor Live Trading Room	Mihai Marinescu	WBN

[ View All ]

Current Session: Europe − U.S.

GBP/USD

Forex Technical Report − GBP/USD 1.9858 − 29 February by iFOREX.bg

GBP/USD Open 1.9884 High 1.9963 Low 1.9767 Close 1.9858

Resistance for the Pound against the US Dollar is the top fro Wednesday 1.9965, followed by 2.0035, which is 38.2% correction of the huge drop for the last several months 2.1155 − 1.9940, and 2.0110, which should limit the climbing for the time being. Support is the overcome top from 14 February at 1.9760, followed by 1.9680, and 1.9610.

Technical resistance levels: 1.9965 2.0035 2.0110
Technical support levels: 1.9760 1.9680 1.9610

[ Full Story ]

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

Foreing Exchange − Euro − Did bounce about 55 pips on the first test of that overhead resistance at 1.5086 by Avantage Financial GMBH

Majors at a Glance

EUR/USD: Moves up towards first resistant level 1.5258
02/29/2008 12:15 GMT
GBP/USD: Moves up above opening price level 1.9889 , above pivot level 1.9865
02/29/2008 10:19 GMT
USD/CHF: Moves down towards first support level 1.0454
02/29/2008 10:19 GMT
USD/JPY: Moves down towards second support level 104.13
02/29/2008 10:19 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 PERSONAL INCOME

Date (GMT)		Event	Cons.	Previous
Feb 29	13:30	Core Personal Consumption Expenditure − Prices Index (MoM)	0.2%	0.2%
Feb 29	13:30	Personal Income (MoM)	0.2%	0.5%
Feb 29	13:30	Personal Spending	0.2	0.2
Feb 29	13:30	Core Personal Consumption Expenditure − Prices Index (YoY)	2.2%	2.2%

US economic indicators - Producer price inflation could have accelerated in January by BHF−Bank

We expect personal income to have risen by a mere 0.1% mom in January, as weekly earnings declined due to a drop in working hours. We also forecast that personal spending will only have risen slightly by 0.2% mom, mainly due to higher gasoline prices. Contrary to the retail sales report, we do not expect car sales to have supported spending.

[ Full Story ]

Ahead of the Bell: Income and Spending (Thomson Financial News)

Top Market Movers Review

EMU CONSUMER PRICE INDEX

Date (GMT)		Event	Actual	Cons.	Previous
Feb 29	10:00	Consumer Price Index (MoM)	-0.4%	-0.4%	0.4%
Feb 29	10:00	Consumer Price Index − Core (YoY)	1.7%	2.0%	1.9%
Feb 29	10:00	Consumer Price Index (YoY)	3.2%	3.2%	3.1%

DATA SNAP: Euro−Zone Jan CPI +3.2%YY;Core CPI Remains Benign (Dow Jones)

Hikes in fuel and heating oil prices pushed the euro zone rate of inflation to an all−time high in January, but a sharper than expected drop in core inflation added weight to the view that it will fall back closer to the European Central Bank's 2% target ceiling later this year.

[ Full Story ]

Read the report: Euro area annual inflation up to 3.2% at Eurostat
Euro zone January HICP up 3.2 pct yr−on−yr, unchanged from provisional (Thomson Financial News)
Euro Zone annual inflation increases 3.2% in January (FXstreet.com)
EU Jan Consumer Price Index − Core decreases 1.1% on the month; 1.7%up on the year (FXstreet.com)

EMU economic indicators - M3 growth probably accelerated to 11.6% yoy in January by BHF−Bank

UK MORTGAGE APPROVALS

Date (GMT)		Event	Actual	Cons.	Previous
Feb 29	09:30	Mortgage Approvals	74K	70K	72K
Feb 29	09:30	BSA Mortgage approvals s.a	4.3B	-	4.2B

UK Jan mortgage approvals up by 74,000, net lending growth slowest in 8 years (Thomson Financial News)

The UK property market continued to show signs of distress in January as mortgage approvals remained near historical low levels and lending grew by its slowest rate in eight years.

[ Full Story ]

Read the Mortgage Approvals data at BBA
Forex − Pound edges down on weak UK mortgage figures, Nationwide survey UPDATE (Thomson Financial News)
UK mortgage approvals edge up in January but yr−on−yr decline is stark − BSA (Thomson Financial News)
Forex − Pound edges down after weak UK mortgage figures (Thomson Financial News)

Economic Events

Date (GMT)		Country	Event	Actual	Cons.	Previous
Feb 29	10:00	EMU	Consumer Confidence (Feb)	-12	-12	-12
	10:00	EMU	Consumer Price Index − Core (YoY) (Jan)	1.7%	2.0%	1.9%
	10:00	EMU	Consumer Price Index (MoM) (Jan)	-0.4%	-0.4%	0.4%
	10:00	EMU	Unemployment Rate (Jan)	7.1%	7.2%	7.1%
	10:30	UK	Gfk Consumer Confidence (Feb)	-17	-15	-13
	10:30	CH	KOF Swiss Leading Indicator (Feb)	1.65	1.60	1.75
	13:30	US	Core Personal Consumption Expenditure − Prices Index (MoM) (Jan)		0.2%	0.2%
	13:30	US	Core Personal Consumption Expenditure − Prices Index (YoY) (Jan)		2.2%	2.2%
	13:30	US	Personal Income (MoM) (Jan)		0.2%	0.5%
	13:30	US	Personal Spending (Jan)		0.2	0.2

[ View All ]