Friday, Feb 13, 12:18 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
Note that our messages might be blocked by anti-spam filters so please add newsletter@fxstreet.com or our domain (fxstreet.com) to your address book.
Forex Blogs
The Advisor Blog: Eur/Usd technical points by Valeria Bednarik
Not much change from yesterday's perspective, Euro/Dollar remains under bearish pressure: if we look the daily charts, we could see the pair is inside a triangle, formed at the end of a descendant trend: already try to break under yesterday, yet failed; triangles are supposed to be continuation figures, so a clear daily open under it, could mean more bearish pressure for the pair.
FX Market Readings: Week end moves expected to be very volatile by Dr.S. Sivaraman
Sponsored by 
Live Sessions Schedule
Finding day trades every day
Expert: Adam Rosen
Start: Fri, Feb 13, 15:00 GMT
Type of Session: Webinar
| Sponsored by | ||||
| Fri, Feb 13, 13:00 GMT | US Pre−Market Open  | Ed Ponsi | WBN |  |
| Fri, Feb 13, 14:00 GMT | FX Market Pulse | Raghee Horner | WBN | |
| Fri, Feb 13, 14:30 GMT | US Session Open | Ed Ponsi | WBN | |
| Fri, Feb 13, 15:00 GMT | Finding day trades every day | Adam Rosen | WBN | |
Current Session: Europe − U.S.
The Euro falls behind 1.2860, losing its Asian session gains
FXstreet.com − The EURUSD has fallen more than 80 pips in the European session this morning, after touch the 1.2940 top of the day, the pair begun to fall to the 1.2850/60 land at the 11:40 GMT. In the downside, if the pair break the 1,2850 support, it could go down to 1.2760 and, then, take route to the 1.2700/20, weekly minimum.
.
Today's support: − 1.2820, 1.2777 and 1.2754 by FXtechtrade
where correction is possible. Break would give 1.2736, where correction also may be. Then follows 1.2714. Break of the latter would result in 1.2678. If a strong impulse, we would see 1.2652. Continuation will give 1.2623, 1.2594 and 1.2557.
EUR/USD Back to Support Lines, Preparing Another Attack by Swiss e Trade AG
The USD proved to be of remarkable stability recently, just shaking off every whiff of weakness in the day−to−day market, even against the yen, the heavyweight Sumo wrestler. The further falling oil price certainly was of help, but also the money flow into the longer−term U.S. bond market, lured by prospective capital gains based on the Fed's buying program here
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 REUTERS/MICHIGAN CONSUMER SENTIMENT INDEX
| Date (GMT) | Event | Cons. | Previous | |
| Feb 13 | 14:55 | Reuters/Michigan Consumer Sentiment Index | 61.5 | 61.2 |
US economic indicators - # UMI consumer sentiment (February): down slightly by BHF−Bank
In December and January, the University of Michigan's (UMI) consumer sentiment improved somewhat, probably in connection with the election of Barack Obama. However, the final January index was revised down from 61.9 to 61.2 because of a more pessimistic current assessment. Given the massive increase in unemployment, we forecast that UMI's preliminary February index will fall back to about 60.0.
[ Full Story ]Top Market Movers Review
EMU GROSS DOMESTIC PRODUCT S.A.
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Feb 13 | 10:00 | Gross Domestic Product s.a. (QoQ) | -1.5% | -1.2% | -0.2% |
| Feb 13 | 10:00 | Gross Domestic Product s.a. (YoY) | -1.2% | -1.0% | 0.6% |
Euro zone Q4 GDP contraction biggest on record (Thomson Financial News)
The euro zone economy saw its deepest contraction on record in the fourth quarter of 2008, data showed, hit by a record weak performance in Germany as well as deeper−than−expected falls in output in France and Italy.
[ Full Story ]- Read the GDP data at Eurostat
- TOPWRAP 5−Bad eurozone data, protectionist fears set G7 tone (Thomson Financial News)
- WRAPUP 3−Eurozone shrinks sharply, major nations all suffer (Thomson Financial News)
- UPDATE 1−Euro zone in record Q4 GDP fall, deep ECB cut seen (Thomson Financial News)
EMU economic indicators - EMU GDP (Q4 2008): down by BHF−Bank
Switzerland PRODUCER AND IMPORT PRICES
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Feb 13 | 08:15 | Producer and Import Prices (MoM) | -0.8% | 0.0% | -0.7% |
| Feb 13 | 08:15 | Producer and Import Prices (YoY) | -0.9% | -0.1% | 0.4% |
INSTANT VIEW 3−Swiss input price inflation (Thomson Financial News)
Swiss producer and import prices fell 0.9 percent in January from a year ago and were 0.8 percent lower compared with the previous month, the Federal Statistics Office said on Friday.
[ Full Story ]- Read the Producer and Import Prices data at Swiss Statistics
- UPDATE 1−Swiss producer, import prices fall 0.9 pct in Jan (Thomson Financial News)
- INSTANT VIEW 2−Swiss input price inflation (Thomson Financial News)
- INSTANT VIEW 1−Swiss input price inflation (Thomson Financial News)
Economic Events
| Date (GMT) | Country | Event | Actual | Cons. | Previous | |
| Feb 13 | 07:00 | DE | Gross Domestic Product w.d.a (YoY) (4Q)  | -1.7% | 0.8% | |
| 08:15 | CH | Producer and Import Prices (MoM) (Jan) | -0.8% | 0.0% | -0.7% | |
| 08:15 | CH | Producer and Import Prices (YoY) (Jan) | -0.9% | -0.1% | 0.4% | |
| 10:00 | EMU | Gross Domestic Product s.a. (QoQ) (4Q) | -1.5% | -1.2% | -0.2% | |
| 10:00 | EMU | Gross Domestic Product s.a. (YoY) (4Q) | -1.2% | -1.0% | 0.6% | |
| 11:00 | EG | CBE Interest Rate Decision | 10.5% | 11.5% | ||
| 13:30 | CA | New Motor Vehicle Sales (MoM) (Dec) | -15% | -7% | ||
| 14:55 | US | Reuters/Michigan Consumer Sentiment Index (Feb) | 61.5 | 61.2 | ||
| Feb 15 | 21:45 | NZ | Producer Price Index − Input (QoQ) (4Q) | 0.2% | 3.7% | |
| 21:45 | NZ | Producer Price Index − Output (QoQ) | 0.2% | 2.8% | ||