Thursday, Feb 05, 12:32 GMT
U.S. Trading Newsletter
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- Webinar VIDEOS: Central Bank Review by Adam Rosen
- All the events of the day in our Economic Calendar
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Forex Blogs
The Advisor Blog: Technical levels for Euro and Gbp by Valeria Bednarik
As the Eur/Usd remains moving in wide range, yet range at the end, key levels to set a probable trend will be 1.3030 to the upside, where we have not just recent highs, but the roof of the descendant daily channel. 1.2700 to the downside, actual week minimum.
FX Market Readings: BOE and ECB interst rate decision time- expected market moves by Dr.S. Sivaraman
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Live Sessions Schedule
How to Get Started Trading Forex
Expert: Mark Whistler
Start: Thu, Feb 5, 16:00 GMT
Type of Session: Webinar
Live Look at Today's Markets
Expert: Derek Frey
Start: Thu, Feb 5, 18:00 GMT
Sponsored by: 
Type of Session: Webinar
| Sponsored by | ||||
| Thu, Feb 5, 12:00 GMT | FX Instructor Live Trading Room  | Mark De La Paz | WBN |  |
| Thu, Feb 5, 14:00 GMT | Tracking the forex market together / Part II | Dr.S.Sivaraman | WBN |  |
| Thu, Feb 5, 16:00 GMT | How to Get Started Trading Forex | Mark Whistler | WBN | |
| Thu, Feb 5, 18:00 GMT | Live Look at Today's Markets | Derek Frey | WBN | |
Current Session: Europe − U.S.
The Dollar Spikes Higher Against the Euro−Zone Currency
ForexYard − There appears to be a bullish cross forming on the 4−hour chart's Slow Stochastic, indicating an upward correction is expected in the near future. However, almost all other oscillators are stuck in neutral signaling that this pair may be less volatile than expected. Going long with tight stops might be the right strategy today.
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FX Commentary − EUR/USD: Reserve balancing by Russia likely to add downside pressure on EUR/USD by Danske Bank A/S
EUR/USD has fallen by about 10% from its Christmas high as a result of, among other things, high risk aversion, a narrowing of the EUR/USD interest rate spread, and EMU member credit downgrades.
Daily Recommended Trades − The Aussie Dollar managed to hold above support at .6360 by E−Forex
The Aussie Dollar managed to hold above support at .6360 on yesterday and recovered, now focusing towards recent top at .6535 which is the first important barrier. Above .6535, other resistance levels are seen at .6570, .6660 and .6730.
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
EMU ECB INTEREST RATE DECISION
| Date (GMT) | Event | Cons. | Previous | |
| Feb 5 | 12:45 | ECB Interest Rate Decision | 2% | 2% |
ECB Preview: a non−event in sight by Danske Bank A/S
We expect the ECB to hold the leading policy rate unchanged at 2% at the meeting on 5 February. At the last meeting, Trichet signalled very clearly that the next important meeting is in March. In the Q&A session he said "Let me add that we consider that our next important meeting for monetary policy will be in March, when we will have substantial new information at our disposal and our new projections.
[ Full Story ]- FOREX−Euro gains vs dlr; trade nervous as ECB, BoE eyed (Thomson Financial News)
- FACTBOX−ECB POLICY STATEMENT−Key points from recent texts (Thomson Financial News)
Asian Session – Waiting on The BoE & ECB by ACM − Advanced Currency Markets
Sunrise Market Commentary - US Treasuries continue to slide lower, but close with only moderate losses by KBC Bank
Top Market Movers Review
UK BOE INTEREST RATE DECISION
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Feb 5 | 12:00 | BoE Interest Rate Decision | 1.0% | 1.0% | 1.5% |
BoE cuts rates by 50bps to record low 1.0 pct (Thomson Financial News)
The Bank of England cut interest rates by another 50 basis points on Thursday to a record low of 1.0 percent, aiming to help the British economy out of recession by getting consumers and companies to spend again.
[ Full Story ]- Read the Official Statement at BoE
- INSTANT VIEW−BoE cuts rates to 1.0 pct as expected (Thomson Financial News)
- INSTANT VIEW−BoE cuts rates to 1.0 pct as expected (Thomson Financial News)
- INSTANT VIEW−BoE cuts rates to 1.0 pct as expected (Thomson Financial News)
Asian Session – Waiting on The BoE & ECB by ACM − Advanced Currency Markets
Sunrise Market Commentary - US Treasuries continue to slide lower, but close with only moderate losses by KBC Bank
Market Insights - Market InBOE And ECB's Stimulus Policies Can Give Gold Another Boost by Oil N' Gold
Germany FACTORY ORDERS S.A.
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Feb 5 | 11:00 | Factory Orders n.s.a. (YoY) | -25.1% | -24.5% | -26.6% |
| Feb 5 | 11:00 | Factory Orders s.a. (MoM) | -6.9% | -2.5% | -5.3% |
German factory orders dip beyond expectations in December (FXstreet.com)
Orders for goods manufactured in Germany have fallen for their fourth consecutive month in December, and a t a larger than expected extent on weakening demand from Euro Area countries, according to data released by German Statistics.
[ Full Story ]- Read the Factory Orders data at German Statistics [text in German]
- UPDATE 1−German industry orders worst since 1990 (Thomson Financial News)
- INSTANT VIEW 5−German orders drop 6.9 pct in Dec (Thomson Financial News)
- INSTANT VIEW 4−German orders drop 6.9 pct in Dec (Thomson Financial News)
Economic Events
| Date (GMT) | Country | Event | Actual | Cons. | Previous | |
| Feb 4 | 21:45 | NZ | Unemployment Rate (4Q) | 4.6% | 4.6% | 4.2% |
| Feb 5 | 09:00 | UK | Halifax House Prices (MoM) (Jan) | 1.9% | -1.7% | -2.2% |
| 09:00 | UK | Halifax House Prices (YoY) (Jan) | -17.2% | -18.6% | -16.2% | |
| 11:00 | DE | Factory Orders n.s.a. (YoY) (Dec) | -25.1% | -24.5% | -26.6% |
|
| 11:00 | DE | Factory Orders s.a. (MoM) (Dec) | -6.9% | -2.5% | -5.3% |
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| 12:00 | UK | BoE Interest Rate Decision | 1.0% | 1.0% | 1.5% | |
| 12:45 | EMU | ECB Interest Rate Decision | 2% | 2% | ||
| 13:30 | CA | Building Permits (MoM) (Dec) | -5.0% | -11.8% | ||
| 13:30 | US | Continuing Jobless Claims (Jan 24) | 4776K | |||
| 13:30 | EMU | ECB Trichet's Speech | ||||