Wednesday, Feb 18, 12:11 GMT
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Forex Blogs
The Advisor Blog: Eur/Usd going down by Valeria Bednarik
4 hours indicators seem a bit exhausted to the downside, yet the pair remains close to first critical support zone 1.2557 (already tested twice today) as Euro remains weak on a very negative sentiment. In the longer term, a clear break under 1.2545/57 could mean a retest of 1.2330, last October minimum.
The Trader's Edge - EUR/JPY Trade Analysis by Ross Yamashita
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Live Sessions Schedule
Main Fundamental theme in the Currency market
Expert: Terri Belkas
Start: Wed, Feb 18, 14:00 GMT
Sponsored by: 
Type of Session: Webinar
Economic and Technical View of the Currency Market
Expert: Rob Booker
Start: Wed, Feb 18, 15:00 GMT
Type of Session: Webinar
| Sponsored by | ||||
| Wed, Feb 18, 13:00 GMT | Trading a hedged account  | Adam Rosen | WBN |  |
| Wed, Feb 18, 14:00 GMT | Main Fundamental theme in the Currency market | Terri Belkas | WBN | |
| Wed, Feb 18, 15:00 GMT | Economic and Technical View of the Currency Market | Rob Booker | WBN | |
| Wed, Feb 18, 16:00 GMT | Institutional Trading Strategies | Andrei Pehar | WBN | |
Current Session: Europe − U.S.
GBP/USD: The Pound corrects to the upside holding above 1.4135
FXstreet.com.com −The GBP/USD has pulled up from three−weeks low at 1.4088, to rise above 1.4135, although selling pressure remains pulling the cross down, and 1.4200 level looks difficult to surpass. Only above 1.4200 the Pound could attempt to access 17 Feb levels above 1.4220. On the downside, failure to hold above 1.4135 could add selling pressure towards 1.4050 (Feb 2 low.)
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Daily FX Market Commentary − Risk aversion has gained the upper hand in markets again providing support for government bonds by Danske Bank A/S
In terms of the EUR, the jitters regarding the lack of economic sustainability for several euro countries continue. There is in that respect a lot of focus on the rising economic problems in many Eastern and Central European countries.
Daily Trading Forecast − Attack move to the important 1.1770 resistance level by Swiss e Trade AG
The dollar currently is on another attack move to the important 1.1770 resistance level, now priced at 1.1740 against the Swiss franc.
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 HOUSING STARTS
| Date (GMT) | Event | Cons. | Previous | |
| Feb 18 | 13:30 | Building Permits (MoM) | 0.530M | 0.549M |
| Feb 18 | 13:30 | Housing Starts (YoY) | 0.53M | 0.55M |
Trading News Report - EUR/USD: Trading the U.S. Housing Starts Report by FXCM
Housing starts in the U.S. are expected to fall to an annual pace of 530K from 550K in December, which would be the lowest reading since recordkeeping began in 1959, and conditions are likely to get worse as home values continue to tumble lower.
[ Full Story ]Daily Global Commentary - Housing Market Index Showing Signs of Stability? by Northern Trust
US economic indicators - Housing starts (Jan): record low NAHB index signals another decline by BHF−Bank
Top Market Movers Review
UK CBI INDUSTRIAL TRENDS SURVEY − ORDERS
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Feb 18 | 11:00 | CBI Industrial Trends Survey − Orders (MoM) | -56 | -45 | -48 |
DATA SNAP: UK CBI: Indus Output Sinks To 28−Year Low In Feb (Dow Jones)
U.K. industrial output remains stuck at a 28−year low in February as demand continues to deteriorate rapidly, the Confederation of British Industry said Wednesday.
[ Full Story ]- Read the Industrial Trends Survey data at CBI
- GBP recovers in mid European session despite weak UK industrial data (FXstreet.com)
- UK Feb CBI Industrial Trends Survey falls to −56, weakest in 17 years (FXstreet.com)
UK BANK OF ENGLAND MINUTES
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Feb 18 | 09:30 | Bank of England Minutes | - | - | - |
GBP/USD: Pound breaks 1.4135 support after BoE minutes, on its way to 1.4050 (FXstreet.com)
The Pound has resumed downfall against the Dollar breaking support line at 1.4035 short after the release of BoE's minutes, at the moment the Pound aims to critical support line at 1.4050, (Feb 2 low.)
[ Full Story ]- Read full Minutes at BoE
- UPDATE: BOE King Has Told Government Bank Wants To Boost Money Supply (Dow Jones)
- BOE Agents: UK Average Pay Rise 1.9% In Jan Vs 3.5% Jan '08 (Dow Jones)
- BOE: Governor Has Told Government Bank Wants To Boost Money Supply (Dow Jones)
Daily Market Briefing - BOE Minutes Could Impact Trade on Wednesday by FXCM
Economics Weekly - Threat of deflation leading BOE to money creation by Lloyds TSB Financial Markets
Economic Events
| Date (GMT) | Country | Event | Actual | Cons. | Previous | |
| Feb 18 | 05:00 | JP | Coincident Index (Feb) | 92.4% | 92.3% |
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| 05:00 | JP | Leading Economic Index (Dec) | 80.0 | 79.8 |
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| 09:30 | UK | Bank of England Minutes | ||||
| 10:00 | EMU | Construction Output w.d.a (YoY) (Dec) | -10.1% | -5.1% |
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| 11:00 | UK | CBI Industrial Trends Survey − Orders (MoM) (Feb) | -56 | -45 | -48 | |
| 12:00 | US | MBA Mortgage Applications (Feb 13) | 45.7% | -24.5% | ||
| 13:30 | US | Building Permits (MoM) (Jan) | 0.530M | 0.549M | ||
| 13:30 | US | Housing Starts (YoY) (Jan) | 0.53M | 0.55M | ||
| 13:30 | US | Import Price Index (MoM) (Jan) | -1.3% | -4.2% | ||
| 13:30 | US | Import Price Index (YoY) (Jan) | -11.9% | -9.3% | ||