Friday, Feb 20, 12:15 GMT
U.S. Trading Newsletter
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- 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: Eur/Usd for today by Valeria Bednarik
The pair remains under selling pressure, after almost compliting a pullback to the ascendant trend line broken past Tuesday. The quick come back from that level, suggest more bearish pressure for the pair, in the term.
The Trader's Edge - USD/CHF Forecast & Wave Count by Ross Yamashita
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Live Sessions Schedule
Long−term profitability in Foreign exchange Markets
Expert: Lea Peters
Start: Fri, Feb 20, 13:00 GMT
Type of Session: Webinar
Fibonacci Friday
Expert: Andrei Pehar
Start: Fri, Feb 20, 16:00 GMT
Type of Session: Webinar
| Sponsored by | ||||
| Fri, Feb 20, 13:00 GMT | Long−term profitability in Foreign exchange Markets | Lea Peters | WBN |  |
| Fri, Feb 20, 14:00 GMT | FX Market Pulse  | Raghee Horner | WBN | |
| Fri, Feb 20, 16:00 GMT | Fibonacci Friday | Andrei Pehar | WBN | |
| Mon, Feb 23, 10:00 GMT | Understand & Use Fibonacci Ratios Effectively | Sunil Mangwani | WBN |  |
Current Session: Europe − U.S.
We expect recovery to continue in today's market hours
Swiss e Trade AG − The pair's attempt to test its support zone around 1.2550 in early European trading failed again, with the market recovering right now, priced at 1.2615. We expect this recovery to continue in today's market hours, but not breaking the 1.2690 level. From there another setback is likely, testing again 1.2550.
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GBP/USD: Narrow range trading continues by ForexYard
Narrow range trading continues as the pair did not make a significant move in either direction, and is currently traded around the 1.4220 level. The hourly chart's Slow Stochastic is showing a fresh bullish cross
USD/JPY: Dollar could rise above 100 Yen, says Saxo Bank by FXstreet.com
The USD/JPY continues its steady uptrend from 89.82 low aon Feb 12hovering around 94.00 so far and threatening important resistance level at 94.65 (Jan 6 high).
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 CONSUMER PRICE INDEX
| Date (GMT) | Event | Cons. | Previous | |
| Feb 20 | 13:30 | Consumer Price Index (MoM) | 0.3% | -0.7% |
| Feb 20 | 13:30 | Consumer Price Index Ex Food & Energy (MoM) | 0.1% | 0.0% |
| Feb 20 | 13:30 | Consumer Price Index (YoY) | -0.1% | 0.1% |
| Feb 20 | 13:30 | Consumer Price Index Ex Food & Energy (YoY) | 1.5% | 1.8% |
US economic indicators - Inflation data (Jan): annual rates in negative territory by BHF−Bank
Consumer prices are also likely to have increased due to higher gasoline prices. But heavy discounting should have limited the rise to about 0.2% mom in January. The annual rate could enter negative territory for the first time since 1955. Due to weak consumer spending, core CPI is only likely to have risen modestly by 0.1% mom.
[ Full Story ]Top Market Movers Review
UK RETAIL SALES
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Feb 20 | 09:30 | Retail Sales (YoY) | 3.2% | 2.1% | 4.0% |
| Feb 20 | 09:30 | Retail Sales (MoM) | 0.7% | - | 1.6% |
DATA SNAP:UK Retail Sales Beat Expectations Again In January (Dow Jones)
U.K. retail sales posted surprisingly resilient growth in January, as strong internet sales and aggressive discounting boosted volumes, the Office for National Statistics said Friday.
[ Full Story ]- Read the Retail Sales data at UK Statistics
- Driven by non−food stores UK Jan Retail Sales increase only 0.7% (FXstreet.com)
EMU PURCHASING MANAGER INDEX SERVICES
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Feb 20 | 09:00 | Purchasing Manager Index Manufacturing | 33.6 | 35.0 | 34.4 |
| Feb 20 | 09:00 | Purchasing Manager Index Services | 38.9 | 45.0 | 42.2 |
DATA SNAP: Euro−Zone Econ Contraction Deepens In February (Dow Jones)
The euro−zone economy contracted at a more rapid pace in February, with activity in both the manufacturing and service sectors falling more sharply than the previous month.
[ Full Story ]- UPDATE: Euro−Zone Econ Contraction Deepens In February (Dow Jones)
- Euro Zone Jan Services PMI down to 38.9, Manufacturing at 33.6 (FXstreet.com)
EMU economic indicators - PMI manufacturing indices Germany and EMU (February): stable at least by BHF−Bank
Economic Events
| Date (GMT) | Country | Event | Actual | Cons. | Previous | |
| Feb 20 | 09:30 | UK | Retail Sales (MoM) (Jan) | 0.7% | 1.6% | |
| 09:30 | UK | Retail Sales (YoY) (Jan) | 3.2% | 2.1% | 4.0% | |
| 12:00 | CA | Bank of Canada Consumer Price Index Core (MoM) (Jan) | -0.4% | -0.1% | 0.0% | |
| 12:00 | CA | Bank of Canada Consumer Price Index Core (YoY) (Jan) | 1.9% | 2.2% | 2.4% | |
| 12:00 | CA | Consumer Price Index (MoM) (Jan) | -0.3% | -0.4% | ||
| 12:00 | CA | Consumer Price Index (YoY) (Jan) | 1.1% | -0.1% | 1.2% | |
| 13:30 | US | Consumer Price Index (MoM) | 0.3% | -0.7% | ||
| 13:30 | US | Consumer Price Index (YoY) (Jan) | -0.1% | 0.1% | ||
| 13:30 | US | Consumer Price Index Ex Food & Energy (MoM) (Jan) | 0.1% | 0.0% | ||
| 13:30 | US | Consumer Price Index Ex Food & Energy (YoY) (Jan) | 1.5% | 1.8% | ||