Thursday, Feb 19, 12:06 GMT
U.S. Trading Newsletter
To Get Started
- Webinar Videos: Professional Gaps vs Novice Gaps in the Forex Markets by Sam Seiden
- All the events of the day in our Economic Calendar
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Forex Blogs
The Advisor Blog: Gbp/Usd technical points by Valeria Bednarik
Nice break to the upside here, the 4 hours chart has turn bullish, despite some exhaustion in indicators. The pair attempted to break above the 1.4400 but failed at the moment, reaching as high as 1.4416. Above it, we have, 1.4447 followed by 1.4480/90 ( see the 200 EMA there, quite flat anyway), followed by 1.4537 and finally 1.4591.
1st on Forex: No More Secret Swiss Bank Accounts - Who is Really on the UBS List? by Jerry Furst
Find other felow traders to share your comments and market view in the FOREX CHAT
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Live Sessions Schedule
MONTHLY WEBINAR: Part 1 − My Favorite Patterns To Trade
Expert: Derek Frey
Start: Thu, Feb 19, 14:00 GMT
Type of Session: Webinar
| Sponsored by | ||||
| Thu, Feb 19, 14:00 GMT | MONTHLY WEBINAR: Part 1 − My Favorite Patterns To Trade | Derek Frey | WBN |  |
| Thu, Feb 19, 16:00 GMT | MONTHLY WEBINAR: Part 2 − Real−Time Applications of My Favorite Patterns  | Derek Frey | WBN | |
| Fri, Feb 20, 08:30 GMT | Outlook for the major currencies this week | Ian Copsey | WBN | |
| Fri, Feb 20, 10:00 GMT | The "Flag" chart pattern | Sunil Mangwani | WBN |  |
Current Session: Europe − U.S.
EUR / USD Poised for Upward Correction
FXstreet.com − urrently on a recovery path and trading at 1.2660, the pair is now meeting intermediate resistance. We see this level being broken on the upside later again, leading to a further upmove to the 1.2750 level. From there setbacks are likely.
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Daily Forex News − Bearish sentiment prevails by ACM − Advanced Currency Markets
Bearish sentiment prevails, initial support at 1.4342 then sees 1.4295 as a target (23.60% and 38.20% respectively) – strong support at 1.4238 – persistent tone under 1.4610 has eyes riveted on 1.4095 low of Feb 18th.
USD/JPY: Dollar rally stops below 94.00 by FXstreet.com
USD/JPY has rallied during Asian session reaching six−weeks high at 93.95 to drop back some ground and consolidate above 93.35; at the moment, the pair looks overbought in daily and hourly charts.
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 PRODUCER PRICE INDEX
| Date (GMT) | Event | Cons. | Previous | |
| Feb 19 | 13:30 | Producer Price Index (MoM) | 0.2% | -1.9% |
US economic indicators - Producer prices might have increased slightly by 0.3% mom by BHF−Bank
Although oil prices were lower on average, gasoline prices started to rise at the beginning of this year. The ISM price component was also noticeably higher, after having fallen to the lowest level since 1949. Therefore producer prices might have increased slightly by 0.3% mom, after their significant decline by almost 7% in the previous three months. Core PPI could have risen by a mere 0.1% mom, reducing the still relatively elevated annual rate to 3.8%.
[ Full Story ]Top Market Movers Review
UK PUBLIC SECTOR NET BORROWING
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Feb 19 | 09:30 | Public Sector Net Borrowing | -£3.3B | -£6.9 | £16.5B |
DATA SNAP: UK Public Sector Repays Just GBP3.3 Bln In Jan (Dow Jones)
The U.K. public sector repaid much less than expected in January as tax receipts continued to struggle amid a deepening recession, the Office for National Statistics said Thursday. The U.K. public sector repaid GBP3.3 billion in January versus GBP13.9 a year earlier.
[ Full Story ]- Read the PSNB data at UK Statistics
- UPDATE: UK Public Sector Repays Just GBP3.3 Billion In Jan (Dow Jones)
- UK PSNB declines to £−3.3B in Jan (FXstreet.com)
Economic Events
| Date (GMT) | Country | Event | Actual | Cons. | Previous | |
| Feb 19 | 07:15 | CH | Trade Balance (Jan) | 2.03B | 0.62 | 0.00B |
| 09:30 | UK | M4 Money Supply (MoM) (Jan)  | 2.5% | 1.2% | 1.4% | |
| 09:30 | UK | M4 Money Supply (YoY) (Jan) | 17.5% | 15.7% | 16.6% | |
| 09:30 | UK | M4 Sterling Lending (Jan) | £4.8B | £12.8B | ||
| 09:30 | UK | Public Sector Net Borrowing (Jan) | £-3.3B | -£6.9 | £16.5B |
|
| 10:00 | CH | ZEW Survey − Expectations (Feb) | -57.7 | -66.7 | ||
| 13:30 | US | Continuing Jobless Claims (Feb 7) | 4810K | |||
| 13:30 | US | Initial Jobless Claims (Feb 14) | 620 | 623K | ||
| 13:30 | CA | Leading Indicators (MoM) (Jan) | -0.7% | -0.6% | ||
| 13:30 | US | Producer Price Index (MoM) (Jan) | 0.2% | -1.9% | ||