Monday, Feb 02, 12:09 GMT
U.S. Trading Newsletter
To Get Started
- Webinar VIDEOS: Trading Strategy Esentials by Phil Newton
- All the events of the day in our Economic Calendar
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Forex Blogs
The Advisor Blog: Gbp/Usd for today by Valeria Bednarik
Gbp/Usd has broke an ascendant trend line and remains bearish in 4 hours charts, still and despite the 20 SMA has lost it bullish steam, I would like it to see it pointing down to suggest more bearish in the pair, and the same goes for momentum indicator, that remains pretty flat at this time.
Forex Trading Today: Canadian Dollar Consolidates for a Imminent Breakout? by Tim Salem
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Live Sessions Schedule
Derek Frey's Outlook
Expert: Derek Frey
Start: Mon, Feb 2, 15:00 GMT
Sponsored by: 
Type of Session: Webinar
Weekly Webinar: 1st on Forex − The Week Ahead
Expert: Jerry Furst
Start: Mon, Feb 2, 17:00 GMT
Sponsored by: 
Type of Session: Webinar
| Sponsored by | ||||
| Mon, Feb 2, 15:00 GMT | Derek Frey's Outlook | Derek Frey | WBN | |
| Mon, Feb 2, 16:00 GMT | Advanced Methods for Finding Dominant Trends in Forex Markets  | Mark Whistler | WBN |  |
| Mon, Feb 2, 17:00 GMT | Weekly Webinar: 1st on Forex − The Week Ahead | Jerry Furst | WBN | |
| Tue, Feb 3, 10:00 GMT | Eyes on the Yen – CADJPY & GBPJPY Weekly Review | Mihai Marinescu | WBN | |
Current Session: Europe − U.S.
Dollar Rally Runs Deep Into Resistance Lines
Swiss e Trade AG −Cable came under pressure in Asian and early European trading. Currently at 1.4230 and near support at 1.4190, we do not see much more downside risk. Projecting a sideways trend channel for today's trading between 1.4190 and 1.4350, we expect an upmove to set in soon.
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Forex Daily Analysis − Dollar Rallies on a Speculation of a Future Rate Cut by the ECB by ForexYard
The USD rose to the highest level in almost two months against the European currency ahead of a report tomorrow will show European producer prices slid a fifth month. The Slow Stochastic and the RSI on the daily chart are showing a continuation of the current bearish correction.
Daily FX Report − The GBP/EUR rose to the highest level in two weeks by Varengold Wertpapierhandelsbank AG
The GBP/EUR rose to the highest level in two weeks as the FTSE 350 Banks Index climbed 18 percent in the week after the U.K. government said it will offer 2.3 billion GBP of loan guarantees to carmakers.
Analyst Sentiment Index (ASI)
Analysts Sentiment Index - EUR/USD
**Source : ActionForex.com, CMS Forex, Danske Bank A/S, FXstreet.com, i-knowindices.com, Mizuho Corporate Bank, MolFX - Management
[ View ASI page ] [ View EUR/USD page ]
Charting the Market Movers
EUR USD, Hourly
GBP USD, Hourly
Top Market Movers Preview
US PERSONAL SPENDING
| Date (GMT) | Event | Cons. | Previous | |
| Feb 2 | 13:30 | Personal Spending | -0.9 | -0.6 |
| Feb 2 | 13:30 | Personal Income (MoM) | -0.4% | -0.2% |
| Feb 2 | 13:30 | Core Personal Consumption Expenditure − Prices Index (MoM) | 0% | 0% |
| Feb 2 | 13:30 | Personal Consumption Expenditure Deflator | 1.1% | 1.4% |
| Feb 2 | 13:30 | Core Personal Consumption Expenditure − Prices Index (YoY) | 1.7% | 1.9% |
Friday Notes - Recession trims incomes and spending by UniCredit Group
We already know that retail sales plunged by 2.7% in December and it accounts for close to half of personal spending. The rest probably went up slightly. We also know that aggregate hours worked fell by 1.1%, while average hourly earnings went up 0.3%.
[ Full Story ]Top Market Movers Review
UK PURCHASING MANAGER INDEX MANUFACTURING
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Feb 2 | 09:30 | Purchasing Manager Index Manufacturing | 35.8 | 34.5 | 34.9 |
UK manufacturers report near−record Jan weakness−CIPS (Thomson Financial News)
British manufacturers reported some of the weakest conditions ever in January when they cut jobs at a record pace, monthly purchasing managers index data showed on Monday.
[ Full Story ]- CIPS homepage
- UPDATE: UK January Mfg Posts Unexpected Rise, Stays Weak (Dow Jones)
- UPDATE 1−UK manufacturers report near−record weakness−CIPS (Thomson Financial News)
- INSTANT VIEW 5−UK manufacturing PMI rises to 35.8 in January (Thomson Financial News)
Friday Notes - PMIs still pointing south by UniCredit Group
EMU PURCHASING MANAGER INDEX MANUFACTURING
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Feb 2 | 09:00 | Purchasing Manager Index Manufacturing | 34.4 | 34.5 | 33.9 |
DATA SNAP: Euro−Zone Manufacturing Contraction Slows (Dow Jones)
The euro zone's manufacturing sector contracted in January, but at a slower pace than at the end of last year. According to Markit Economics Monday, the Purchasing Managers Index for the euro zone's factory sector rose to 34.4 in January from 33.9 in December.
[ Full Story ]- Markit Economics homepage
- WRAPUP 1−Emerging Europe PMI falls again, Poland bucks trend (Thomson Financial News)
- UPDATE 1−Pace of euro zone factory decline slows (Thomson Financial News)
- UPDATE 1−Pace of euro zone factory decline slows (Thomson Financial News)
Economic Events
| Date (GMT) | Country | Event | Actual | Cons. | Previous | |
| Feb 2 | 00:30 | AU | House Price Index (QoQ) (4Q) | -0.8% | -1.0% | -2.4% |
| 05:30 | AU | RBA Commodity Index SDR (YoY) (Jan) | 29.1% | 31.5% |
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| 08:30 | CH | SVME − Purchasing Managers' Index (Jan) | 35.0 | 35.5 | 36.5 |
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| 08:55 | DE | Purchasing Manager Index Manufacturing (Jan) | 32.0 | 32.7 | ||
| 09:00 | EMU | Purchasing Manager Index Manufacturing (Jan) | 34.4 | 34.5 | 33.9 | |
| 09:30 | UK | Purchasing Manager Index Manufacturing (Jan) | 35.8 | 34.5 | 34.9 | |
| 13:30 | US | Core Personal Consumption Expenditure − Prices Index (MoM) (Dec) | 0% | 0% | ||
| 13:30 | US | Core Personal Consumption Expenditure − Prices Index (YoY) (Dec) | 1.7% | 1.9% | ||
| 13:30 | US | Personal Consumption Expenditure Deflator (Dec) | 1.1% | 1.4% | ||
| 13:30 | US | Personal Income (MoM) (Dec) | -0.4% | -0.2% | ||