Tuesday, Feb 10, 12:14 GMT
U.S. Trading Newsletter
To Get Started
- Webinar VIDEOS: Institutional Trading Strategies: Pivot Points by Andrei Pehar
- All the events of the day in our Economic Calendar
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Forex Blogs
The Advisor Blog: Eur/Usd for today by Valeria Bednarik
The pair is gaining some upside strength after quickly rebound @ 1.2800, and remains close to today's first strong resistance level: 1.2983, 61.8% of the last 4 hours downside rally: if the pair manages to break above ( indicators are supporting the view, yet not confirming yet) 1.3030 will be our next resistance to consider.
FX Market Readings: Delayed moves in the market by Dr.S. Sivaraman
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Live Sessions Schedule
The Weather Report: Ichimoku Cloud Trading
Expert: Chris Capre
Start: Tue, Feb 10, 15:00 GMT
Type of Session: Webinar
Trading with Autochartist
Expert: Raghee Horner
Start: Tue, Feb 10, 16:00 GMT
Type of Session: Webinar
| Sponsored by | ||||
| Tue, Feb 10, 12:00 GMT | FX Instructor Live Trading Room  | Mark De La Paz | WBN |  |
| Tue, Feb 10, 13:00 GMT | US Pre−Market Open | Ed Ponsi | WBN |  |
| Tue, Feb 10, 14:30 GMT | US Session Open | Ed Ponsi | WBN | |
| Tue, Feb 10, 15:00 GMT | The Weather Report: Ichimoku Cloud Trading | Chris Capre | WBN | |
Current Session: Europe − U.S.
Sterling has been trading a tight upwards channel
ACM − Advanced Currency Markets − On a monthly chart we see that Sterling has been trading a tight upwards channel gaining 6.66% since the beginning of February (1.4054 – 1.4990). However, further inspection of this same chart sees that the pivot (change in broad trend) on the 26th of January at 1.3547 yielded a bell shaped ascension on the part of the Sterling highlighting the digressive nature of the move – further impetus traded this for a more direct upward channel.
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Forex Daily Analysis − EUR − EUR Plunges on Russian Loan Restructuring by ForexYard
The hourlies show quite a wide range−trading with no specific direction; however, the daily chart's Bollinger Bands are tightening, indicating upcoming increased volatility.
Market Session Recaps − Euro Drops against Yen, USD/JPY, steady by FOREX.com
The EUR/JPY followed the same path, dropping from around 119.00 to just over 116.60 during the session, with 117.50 levels entering London. USD/JPY was relatively steady despite poor corporate news as it vacillated between 90.97 and 91.65.
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 WHOLESALE INVENTORIES
| Date (GMT) | Event | Cons. | Previous | |
| Feb 10 | 15:00 | Wholesale Inventories | -0.7% | -0.6% |
US economic indicators - Wholesale inventories could have declined by BHF−Bank
Wholesale inventories fell by a good 2% in the previous three months, and they could have declined by a further 1.0% mom in December. The same goes for total business inventories, as we already know that factory inventories went down by 1.4% mom. However, the decrease appears to be entirely due to falling prices. In real terms, inventories rose in the 4th quarter, contributing 1.3 percentage points to GDP growth.
[ Full Story ]Top Market Movers Review
UK TOTAL TRADE BALANCE
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Feb 10 | 09:30 | Total Trade Balance | -3.60B | -4.25B | -4.00B |
| Feb 10 | 09:30 | Goods Trade Balance | -£7.4B | -£8.1B | -£8.1B |
UPDATE: UK Dec Trade Deficit Lowest Since June 2007 (Dow Jones)
The U.K. global goods deficit narrowed sharply and more than expected to GBP7.4 billion in December. That was the smallest deficit since GBP7.0 billion in June 2007 and was due to a pick up in trade with non−European Union countries, the Office for National Statistics said Tuesday.
[ Full Story ]- Read the Trade Balance data at UK Statistics
- GBP/USD: The Pound continues weakening against the Dollar; 1.4772 closer support level (FXstreet.com)
- TABLE−UK Dec trade deficit 7.367 bln stg (Thomson Financial News)
- INSTANT VIEW 1−UK Dec trade gap narrows to 1−1/2 yr low (Thomson Financial News)
Switzerland CONSUMER PRICE INDEX
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Feb 10 | 08:15 | Consumer Price Index (MoM) | -0.8% | -0.5% | -0.5% |
| Feb 10 | 08:15 | Consumer Price Index (YoY) | 0.1% | 0.6% | 0.7% |
INSTANT VIEW 1−Swiss CPI inflation falls to 2−year low in Jan (Thomson Financial News)
Swiss consumer prices fell 0.8 percent on the month in January, taking the annual inflation rate to 0.1 percent, the Federal Statistics Office said on Tuesday.
[ Full Story ]- Read the CPI data at Swiss Statistics
- USD/CHF: The Swiss Franc rallies against the Dollar on lower than expected inflation (FXstreet.com)
- Swiss inflation drops sharply to 2−year low in Jan (Thomson Financial News)
- TABLE−Swiss CPI inflation down at 0.1 pct yr/yr in Jan (Thomson Financial News)
Trading News Report - USD/CHF: Trading the Swiss Consumer Price Index Report by FXCM
Economic Events
| Date (GMT) | Country | Event | Actual | Cons. | Previous | |
| Feb 10 | 05:00 | JP | Consumer Confidence (Jan) | 27.0 | 26.7 | |
| 05:00 | JP | Consumer Confidence Households (Jan) | 26.4 | 25.2 | 26.2 | |
| 08:15 | CH | Consumer Price Index (MoM) (Jan) | -0.8% | -0.5% | -0.5% | |
| 08:15 | CH | Consumer Price Index (YoY) (Jan) | 0.1% | 0.6% | 0.7% | |
| 09:30 | UK | Goods Trade Balance (Dec) | £-7.4B | -£8.1B | -£8.1B |
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| 09:30 | UK | Total Trade Balance (Dec) | -3.60B | -4.25B | -4.00B |
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| 15:00 | US | Wholesale Inventories (Dec) | -0.7% | -0.6% | ||
| 21:00 | US | ABC/Washington Post Consumer Confidence (Feb 8) | -52 | |||
| 23:30 | AU | Westpac Consumer Confidence (Feb) | -2.2% | |||
| Feb 11 | 00:30 | AU | Home Loans (Dec) | 3.5% | 1.3% | |