Wednesday, Feb 11, 12:26 GMT
U.S. Trading Newsletter
To Get Started
- Webinar VIDEOS: Strategies to Perceive and Defeat Forex Volatility through Traditional Indicators by Mark Whistler
- All the events of the day in our Economic Calendar
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Forex Blogs
The Advisor Blog: Usd/Jpy fighting key level by Valeria Bednarik
Despite 4 hours charts have turn slightly bearish, the pair downside seems quite contained as the pair remains fighting the 90.00 level, and points for some upside correction from actual price. Above the 90.10/20 zone, the pair will find next resistance at 90.56, followed by 90.88, and 91.10 zone.
FX Market Readings: Mid week moves by Dr.S. Sivaraman
Sponsored by 
Live Sessions Schedule
Profiting from Fear and Greed by trading against the crowd
Expert: David Rodríguez
Start: Wed, Feb 11, 14:00 GMT
Sponsored by: 
Type of Session: Webinar
Economic and Technical View of the Currency Market
Expert: Rob Booker
Start: Wed, Feb 11, 15:00 GMT
Type of Session: Webinar
| Sponsored by | ||||
| Wed, Feb 11, 13:00 GMT | US Pre−Market Open  | Ed Ponsi | WBN |  |
| Wed, Feb 11, 14:00 GMT | Profiting from Fear and Greed by trading against the crowd | David Rodríguez | WBN | |
| Wed, Feb 11, 14:30 GMT | US Session Open | Ed Ponsi | WBN | |
| Wed, Feb 11, 15:00 GMT | Economic and Technical View of the Currency Market | Rob Booker | WBN | |
Current Session: Europe − U.S.
GBP resumes decline on Negative BoE economic outlook, Euro, slightly up
FXstreet.com − The GBP USD has continued dropping in during the European trading session reaching as low as 1.4340 down from 1.4555. At the moment the Pound is trying to find support at 1.4340. If this level gives way, next key levels in the hourly chart are 1.4274 and 1.4200. On the Upside, next important level to take would be 1.44, and 1.4460.
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Daily Trading Forecast − The pair is on a recovery course in early European morning by Swiss e Trade AG
The pair is on a recovery course in early European morning trading and is currently at 1.2950. We see the up movement continuing in today's trading, eventually testing the 1.3090 resistance level
The GBP/JPY fell about 4.25 % to 130.36 at its lowest level by Varengold Wertpapierhandelsbank AG
The GBP/JPY fell about 4.25 % to 130.36 at its lowest level, having a U.K. government report showed that the nation's trade deficit shrank in December to the smallest in 18 months.
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 TRADE BALANCE
| Date (GMT) | Event | Cons. | Previous | |
| Feb 11 | 13:30 | Trade Balance | -$35.90 | -$40.44B |
US economic indicators - Trade balance (December): narrower deficit by BHF−Bank
The trade deficit narrowed significantly by $16.2bn in November, as imports decreased more than twice as much as exports. The extent of the deficit decline was mainly due to a reversal of the previous month's surge in oil import volumes after the Gulf coast hurricanes.
[ Full Story ]Friday Notes - The trade balance was probably unchanged by UniCredit Group
Top Market Movers Review
UK BANK OF ENGLAND QUARTERLY INFLATION REPORT
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Feb 11 | 10:30 | Bank of England Quarterly Inflation Report | - | - | - |
INSTANT VIEW−Bank of England Feb Inflation Report (Thomson Financial News)
Following are analysts' reactions to the Bank of England quarterly inflation report released on Wednesday in which the BOE saw UK inflation at just 0.5 percent in two years time.
[ Full Story ]- UPDATE 2−More BoE monetary easing probably needed − King (Thomson Financial News)
- INSTANT VIEW−Bank of England Feb Inflation Report (Thomson Financial News)
- HIGHLIGHTS−BoE inflation report press conference (Thomson Financial News)
Forex Trading News - British Pound Fortunes Depend On Inflation Report by Online Forex Trading
Daily Market Briefing - British Pound Tumbles Ahead of Bank of England's Quarterly Inflation Report by FXCM
UK CLAIMANT COUNT RATE
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Feb 11 | 09:30 | Jobless Claims Change | 73K | - | 77K |
| Feb 11 | 09:30 | Claimant Count Rate | 3.8% | 3.5% | 3.6% |
| Feb 11 | 09:30 | ILO Unemployment Rate (3M) | 6.3% | - | 6.1% |
UK claimant count rises, ILO jobless holds below 2 mln (Thomson Financial News)
The number of people claiming jobless benefits in Britain rose by less than expected in January, official data showed on Wednesday, but the rate rose to its highest since February 2000. The closely watched ILO measure of unemployment did not breach the 2 million mark in the three months to December.
[ Full Story ]- Read the Labour Market data at UK Statistics
- UPDATE 2−UK jobless total rises to just below 2 million (Thomson Financial News)
- UPDATE: UK Jobless Rate At 9−Year High As Redundancies Soar (Dow Jones)
- INSTANT VIEW 6−UK claimant count rate hits highest since Feb '00 (Thomson Financial News)
Economic Events
| Date (GMT) | Country | Event | Actual | Cons. | Previous | |
| Feb 11 | 09:30 | UK | Average Earnings excluding Bonus (3Mo/Yr) (Jan) | 3.6% | 3.6% | |
| 09:30 | UK | Average Earnings including Bonus (3Mo/Yr) (Jan) | 3.2% | 3.0% | 3.1% | |
| 09:30 | UK | Claimant Count Rate (Jan) | 3.8% | 3.5% | 3.6% | |
| 09:30 | UK | Jobless Claims Change (Jan) | 73K | 77K | ||
| 10:30 | UK | Bank of England Quarterly Inflation Report | ||||
| 12:00 | US | MBA Mortgage Applications (Feb 7) | 8.6% | |||
| 13:30 | CA | International Merchandise Trade (Dec) | $0.80B | $1.28B | ||
| 13:30 | CA | New Housing Price Index (YoY) (Dec) | 0.7% | |||
| 13:30 | US | Trade Balance (Dec) | -$35.90 | -$40.44B | ||
| 19:00 | US | Monthly Budget Statement (Jan) | -75.0B | -83.6 | ||