Tuesday, Feb 24, 12:02 GMT
U.S. Trading Newsletter
To Get Started
- Webinar Videos: My Favorite Patterns To Trade by Derek Frey
- All the events of the day in our Economic Calendar
Note that our messages might be blocked by anti-spam filters so please add newsletter@fxstreet.com or our domain (fxstreet.com) to your address book.
Forex Blogs
The Advisor Blog: Eur/Usd for today by Valeria Bednarik
Quoting around 1.2820, the pair seems bullish at the moment, reaching for first resistance around 1.2845. Recent candle opening turned indicators to the upside, and also the 20SMA is pointing to the up side so above mentioned 1.2845 zone, consider next resistances at 1.2890, 1.2942 and finally the 1.3000 zone.
Forex Trading Today: USD/JPY Breaks Hourly Pennant as Yen Continues to Unwind by Tim Salem
Find other fellow traders to share your comments and market view in the FOREX CHAT
Sponsored by 
Live Sessions Schedule
The Weather Report: Ichimoku Cloud Trading
Expert: Chris Capre
Start: Tue, Feb 24, 15:00 GMT
Type of Session: Webinar
Trading with Autochartist
Expert: Raghee Horner
Start: Tue, Feb 24, 16:00 GMT
Type of Session: Webinar
| Sponsored by | ||||
| Tue, Feb 24, 12:00 GMT | FX Instructor Live Trading Room  | Mark De La Paz | WBN |  |
| Tue, Feb 24, 13:00 GMT | US Pre−Market Open | Ed Ponsi | WBN |  |
| Tue, Feb 24, 14:30 GMT | US Session Open | Ed Ponsi | WBN | |
| Tue, Feb 24, 15:00 GMT | The Weather Report: Ichimoku Cloud Trading | Chris Capre | WBN | |
Current Session: Europe − U.S.
EUR/USD: Euro breaks through 1.2810 on its way to 1.2850
FXstreet.com −The Euro continues rallying against the Dollar and 1.2810 resistance level has given way, the Euro has already gained 150 points after hitting intra−week low at1.2662 on Tuesday's Asian session, at this point some slight setback seems likely.
.
Daily Analysis − The Yen falls against the Dollar as safe haven allure weakens by Finotec Group Inc.
The yen fell against the dollar before government reports this week that may show the world's second−largest economy is deteriorating, reducing the allure of the currency.
Daily Trading Forecast − Cable has lost its previous upward steam by Swiss e Trade AG
Cable has lost its previous upward steam in early European trading and is now back from the 1.4650 resistance level at 1.4520.
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 CONFIDENCE
| Date (GMT) | Event | Cons. | Previous | |
| Feb 24 | 15:00 | Consumer Confidence | 36.0 | 37.7 |
US economic indicators - Consumer confidence indicators (Feb): no stabilisation in sight by BHF−Bank
Whereas the UMI consumer sentiment improved temporarily in December and January, the Conference Board's Consumer Confidence Index dropped further to a new record low of 37.7. This was because the latter is particularly sensitive to labour market developments.
[ Full Story ]Top Market Movers Review
EMU CURRENT ACCOUNT S.A
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Feb 24 | 09:00 | Current Account s.a | -7.3B | -14.3B | -13.9B |
| Feb 24 | 09:00 | Current Account n.s.a | 1.4B | - | -11.8B |
DATA SNAP: Euro−Zone Dec Current Acct Deficit Narrows Sharply (Dow Jones)
The euro zone's current account deficit narrowed sharply in December, but not as much as expected, as the goods and income deficits both declined from November.
[ Full Story ]- Eurostat homepage
- EU Dec Current Account rises to −7.3B (FXstreet.com)
Germany IFO − BUSINESS CLIMATE
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Feb 24 | 09:00 | IFO − Expectations | 80.9 | 81.1 | 79.5 |
| Feb 24 | 09:00 | IFO − Business Climate | 82.6 | 83.1 | 83.0 |
DATA SNAP: German Ifo Business Climate Plunges To Record Low (Dow Jones)
German business confidence plunged to a new record low in February, indicating a deepening recession in the euro zone's largest economy, a survey from the German Ifo Institute showed Tuesday.
[ Full Story ]- Read the Confidence data at Ifo Institute
- Ifo's Nerb: Doesn't See German Inflation Risk (Dow Jones)
- Germany Feb IFO Business Climate declines to 82.6 (FXstreet.com)
Euroland: Ifo bottoming from very low levels by Danske Bank A/S
EMU economic indicators - German ifo business climate (February): more or less unchanged by BHF−Bank
Economic Events
| Date (GMT) | Country | Event | Actual | Cons. | Previous | |
| Feb 24 | 09:30 | UK | BBA Mortgage Approvals (Jan) | 23.4K | 20.2K | 22.1K |
| 09:30 | UK | Total Business Investment (QoQ) (4Q) | -3.9% | -4.2% | -1.3% | |
| 09:30 | UK | Total Business Investment (YoY) (4Q) | -7.7% | -5.5% | -0.1% | |
| 10:00 | EMU | Industrial New Orders (YoY) (Dec) | -22.3% | -21.7% | -27.4% |
|
| 10:00 | EMU | Industrial New Orders s.a. (MoM) (Dec) | -5.2% | -4.9% | -5.4% |
|
| 11:00 | UK | CBI Distributive Trades Survey − Realized (MoM) | -25 | -52 | -47 | |
| 14:00 | US | S&P/Case−Shiller Home Price Indices (Dec) | -18.3% | -18.2% | ||
| 15:00 | US | Consumer Confidence (Feb) | 36.0 | 37.7 | ||
| 15:00 | US | Fed's Bernanke testifies | ||||
| 15:00 | US | Richmond Fed Manufacturing Index (Feb) | -48 | -49 | ||