Tuesday, Feb 17, 12:26 GMT
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Forex Blogs
The Advisor Blog: Eur/Usd technical points by Valeria Bednarik
Hard to ignore, the technical break confirmed on Sunday opening follow all the steps including pullback to the broken line; euro remains the weaker currency across the board, and technically bearish in 4 hours and daily charts.
FX Market Readings: Time for big recovery by Dr.S. Sivaraman
Find other felow traders to share your comments and market view in the FOREX CHAT
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Live Sessions Schedule
Live Intraday trading using technical analysis
Expert: Peter Leonidou
Start: Tue, Feb 17, 13:00 GMT
Type of Session: Webinar
Taking a New Look at Bollinger Bands: New Methods & Techniques Revealed − Part II
Expert: S.A Ghafari
Start: Tue, Feb 17, 14:00 GMT
Type of Session: Webinar
| Sponsored by | ||||
| Tue, Feb 17, 12:00 GMT | FX Instructor Live Trading Room  | Mark De La Paz | WBN |  |
| Tue, Feb 17, 13:00 GMT | Live Intraday trading using technical analysis | Peter Leonidou | WBN |  |
| Tue, Feb 17, 14:00 GMT | Taking a New Look at Bollinger Bands: New Methods & Techniques Revealed − Part II | S.A Ghafari | WBN | |
| Tue, Feb 17, 15:00 GMT | The Weather Report: Ichimoku Cloud Trading | Chris Capre | WBN | |
Current Session: Europe − U.S.
USD/GBP: Rebound on GBP supported by UK CPI data
FXstreet.com − The Pound has left behind the 1.4200 level and it has reached the 1.4300 resistance supported by the better than expected UK January inflation data. GBP/USD has risen more than 160 pips from the 1.4150 to the 1.4311 level in the hour after the release of the UK CPI Data. After that, the pair begun to fall slightly to 1.4260/70 range. The GBP/JPY has earned more than 190 pips, in the hour after the data release.
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Daily Analysis − The Euro falls on concern that the downturn maybe more severe than expected by Finotec Group Inc.
The euro fell against the dollar after Moody's Investors Service said it may downgrade a number of banks with units in Eastern Europe, adding to concern financial turmoil in the region is worsening.
Gold Daily Technical Outlook − Gold's up trend is still in force and takes out 960 level today by Oil N' Gold
Gold's up trend is still in force and takes out 960 level today. At this point, intraday bias remains on the upside as long as 933. support holds. Further rally is expected to 989.6 resistance next.
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 NY EMPIRE STATE MANUFACTURING INDEX
| Date (GMT) | Event | Cons. | Previous | |
| Feb 17 | 13:30 | NY Empire State Manufacturing Index | -23.2 | -22.2 |
US economic indicators - The New York Empire manufacturing index will have declined to –28.0 in February by BHF−Bank
The New York Empire manufacturing index rose by 5.7 points to –22.2 in January – the highest level since September. However, the stabilisation might only have been temporary, as the forecast for general business activity in six months turned negative at the beginning of the year.
[ Full Story ]Sunrise Market Commentary: Currencies - EUR/USD drops below 1.27 support by KBC Bank
Top Market Movers Review
EMU TRADE BALANCE N.S.A.
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Feb 17 | 10:00 | Trade Balance n.s.a. | -€0.7B | -€6.7B | -€5.8B |
| Feb 17 | 10:00 | Trade Balance s.a. | -€0.3B | -€5.3B | -€4.0B |
DATA SNAP: Euro−Zone Trade Deficit Narrows to EUR0.7B In Dec (Dow Jones)
The euro zone's trade deficit narrowed more than expected in December, but for 2008 as a whole the currency bloc posted its biggest annual deficit since records began in 1999 due to energy costs, official data showed Tuesday.
[ Full Story ]- Read the Trade Balance data at Eurostat
- UPDATE:Euro−Zone Posts Record EUR32.1B Trade Deficit In 2008 (Dow Jones)
- Euro Zone Trade Balance goes to €−0.7B n.s.a. and €−0.3B s.a. (FXstreet.com)
UK CONSUMER PRICE INDEX
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Feb 17 | 09:30 | Consumer Price Index (MoM) | -0.7% | -1.0% | -0.4% |
| Feb 17 | 09:30 | Consumer Price Index (YoY) | 3.0% | 2.7% | 3.1% |
| Feb 17 | 09:30 | Core Consumer Price Index (YoY) | 1.3% | 0.9% | 1.1% |
DATA SNAP: UK Jan CPI Eases Less Than Expected; +3.0% On Yr (Dow Jones)
U.K. consumer price inflation eased only slightly in January, as a record drop in fuel and lubricant prices was offset by higher core prices, data from the Office for National Statistics released Tuesday showed.
[ Full Story ]- Read the CPI data at UK Statistics
- UPDATE: UK Jan CPI Eases Less Than Expected; +3.0% On Yr (Dow Jones)
- USD/GBP: Rebound on GBP supported by UK CPI data (FXstreet.com)
- GBP/USD breaks 1.4200 after UK CPI data (FXstreet.com)
UK Recession Watch − Britain's Great Depression? by Marketoracle.co.uk
Sunrise Market Commentary: Currencies - EUR/USD drops below 1.27 support by KBC Bank
Economic Events
| Date (GMT) | Country | Event | Actual | Cons. | Previous | |
| Feb 17 | 09:30 | UK | Consumer Price Index (YoY) (Jan) | 3.0% | 2.7% | 3.1% |
| 09:30 | UK | Retail Price Index (MoM) (Jan) | -1.3% | -1.5% | -1.4% | |
| 09:30 | UK | Retail Price Index (YoY) (Jan) | -0.1% | -0.1% | 0.9% | |
| 10:00 | EMU | Trade Balance n.s.a. (Dec) | €-0.7B | -€6.7B | -€5.8B |
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| 10:00 | EMU | Trade Balance s.a. (Dec) | €-0.3B | -€5.3B | -€4.0B |
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| 10:00 | DE | ZEW Survey − Economic Sentiment (Feb) | -5.8 | -25.0 | -31.0 | |
| 13:30 | US | NY Empire State Manufacturing Index (Feb) | -23.2 | -22.2 | ||
| 14:00 | US | Net Long−term TIC Flows (Feb) | -$20.0 | -$21.7B | ||
| 14:00 | US | Total Net TIC Flows (Dec) | 56.8B | |||
| 18:00 | US | NAHB Housing Market Index (Jan) | 8 | 8 | ||