Monday, Feb 23, 12:17 GMT
U.S. Trading Newsletter
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- Webinar Videos: Professional Gaps vs Novice Gaps in the Forex Markets by Sam Seiden
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Forex Blogs
Forex Trading Today: Bearish EUR/USD Continues as Gold Corrects with $ Strength by Tim Salem
Our Update gives us a 9−hour jump from our previous Post, so let's check in on our "Correlation Theme" Ideas for Euro, Gold, and the Dollar. EUR/USD does, indeed, keep up it's bearish momentum and falls back into our larger Daily Channel.
The Advisor Blog: Usd/Jpy break up by Valeria Bednarik
Find other felow traders to share your comments and market view in the FOREX CHAT
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Derek Frey's Outlook
Expert: Derek Frey
Start: Mon, Feb 23, 15:00 GMT
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Weekly Webinar: 1st on Forex − The Week Ahead
Expert: Jerry Furst
Start: Mon, Feb 23, 17:00 GMT
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| Sponsored by | ||||
| Mon, Feb 23, 13:00 GMT | US Pre−Market Open  | Ed Ponsi | WBN |  |
| Mon, Feb 23, 14:30 GMT | US Session Open | Ed Ponsi | WBN | |
| Mon, Feb 23, 15:00 GMT | Derek Frey's Outlook | Derek Frey | WBN | |
| Mon, Feb 23, 16:00 GMT | Advanced Methods for Finding Dominant Trends in Forex Markets | Mark Whistler | WBN | |
Current Session: Europe − U.S.
GBP/USD: The Pound rallies past 1.4606
FXstreet.com − The Pound has reached past 1.4606 level on tits rally from 1.4137, and the pair seems on its way to attempt an assault to next resistance level at 1.4698.
If 1.4606 level holds, the Pound could try to break resistance at 1.4698, before next resistance area at 1.4720/30 and above here, 1.4765, downward trendline on the daily chart. On the downside, support lines remain at 1.4500, q.4450/60 and 1.4361.
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Daily Trading Forecast − The pair is in a selling mood in early European tra by Swiss e Trade AG
Heavily overbought, the pair is in a selling mood in early European trading, currently priced at 1.2870. We see the weakness remaining for some time, testing the 1.2790 support.
USD/JPY: USD Breaks through 94.64 resistance line, reaching three−month high by FXstreet.com
The USD has broken resistance at 94.64, on a strong rally from 9275 on Monday's European session, returning to levels above the upward trendline from 89.82 (Feb 12 low.)
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
Canada RETAIL SALES
| Date (GMT) | Event | Cons. | Previous | |
| Feb 23 | 13:30 | Retail Sales (MoM) | -2.4% | -2.4% |
| Feb 23 | 13:30 | Retail Sales ex Autos (MoM) | -1.5% | -2.3% |
Trading News Report - USD/CAD: Trading the Canadian Retail Sales Report by FXCM
The Canadian dollar is likely to face increased selling pressures over the follow week as economists forecast retail spending to contract another 2.4% in December. As the world's eighth largest economy faces its first economic slump since 1992, the outlook for growth remains bleak, and economic activity throughout the region is expected to weaken further as the labor market deteriorates at a record pace
[ Full Story ]Top Market Movers Review
US CONSUMER PRICE INDEX
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Feb 20 | 13:30 | Consumer Price Index (MoM) | 0.3% | 0.3% | -0.8% |
| Feb 20 | 13:30 | Consumer Price Index Ex Food & Energy (MoM) | 0.2% | 0.1% | 0.0% |
| Feb 20 | 13:30 | Consumer Price Index (YoY) | 0.0% | -0.1% | 0.1% |
| Feb 20 | 13:30 | Consumer Price Index Ex Food & Energy (YoY) | 1.7% | 1.5% | 1.8% |
DATA SNAP: US Annual CPI At 53−Year Low But Deflation Fears Ease (Dow Jones)
U.S. annual inflation vanished for the first time in over half a century, a government report showed, as the severe recession and sharp decline in energy prices since last summer led to a rapid reversal in price pressures.
[ Full Story ]- Read the CPI data at Labor Department
- 3rd UPDATE:US Annual CPI At 53−Year Low, But Deflation Fears Ease (Dow Jones)
- 2nd UPDATE: Annual CPI At 53−Year Low But Deflation Fears Ease (Dow Jones)
- UPDATE: Annual CPI At 53−Year Low But Deflation Fears Ease (Dow Jones)
KBC News Picks - US: CPI rises due to higher oil prices by KBC Bank
Weekly Economic and Financial Commentary - Neither Deflation Nor Inflation Will Be A Problem In 2009 by Wachovia
Daily Market Briefing - US Dollar, Japanese Yen Down as CPI Shows the US is Teetering on Brink of Deflation by FXCM
Economic Events
| Date (GMT) | Country | Event | Actual | Cons. | Previous | |
| Feb 23 | 02:00 | NZ | Credit Card Spending | -2.2% | -3.8% |
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| 08:10 | EMU | ECB Trichet's Speech | ||||
| 13:30 | CA | Retail Sales (MoM) | -2.4% | -2.4% | ||
| 13:30 | CA | Retail Sales ex Autos (MoM) | -1.5% | -2.3% | ||
| 17:40 | US | Fed's Lockhart speech | ||||
| 23:50 | JP | BoJ Minutes | ||||
| 23:50 | JP | Corporate Service Price (YoY) | -2.5% | -2.5% | ||
| Feb 24 | 08:15 | CH | Employment Level (QoQ) (4Q) | 3.91M | 3.96M | |
| 09:00 | EMU | Current Account n.s.a (Dec) | -13.9B | |||
| 09:00 | EMU | Current Account s.a (Dec) | -14.3B | -16.0B | ||