Friday, Feb 27, 12:05 GMT
U.S. Trading Newsletter
To Get Started
- Webinar Videos: The "Flag" chart pattern by Sunil Mangwani
- All the events of the day in our Economic Calendar
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Forex Blogs
Forex Trading Today: Yen Corrects Across the Board on Data, Techs, and Profits by Tim Salem
Our "Transitive Rollover" thought from my earlier Post does come to fruition, and can be seen in the USD/JPY… although much deeper in the Yen Crosses. With slightly better−than−expected Data concerning Unemployment Figures, general profit−taking after significant appreciation all week, and Key levels in play…
The Advisor Blog: Gbp/Usd close to key support level by Valeria Bednarik
Find other fellow traders to share your comments and market view in the FOREX CHAT
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Live Sessions Schedule
Watch Live Coverage of the US GDP
Expert: Jerry Furst
Start: Fri, Feb 27, 12:30 GMT
Sponsored by: 
Type of Session: Webinar
Fibonacci Friday
Expert: Andrei Pehar
Start: Fri, Feb 27, 16:00 GMT
Type of Session: Webinar
| Sponsored by | ||||
| Fri, Feb 27, 12:30 GMT | Watch Live Coverage of the US GDP | Jerry Furst | WBN | |
| Fri, Feb 27, 16:00 GMT | Fibonacci Friday | Andrei Pehar | WBN |  |
| Mon, Mar 2, 10:00 GMT | Understand & Use Fibonacci Ratios Effectively | Sunil Mangwani | WBN |  |
| Mon, Mar 2, 11:00 GMT | Catching Redfish off the pool: Trend Lines and Technical Indicators | S.A Ghafari | WBN | |
Current Session: Europe − U.S.
Another bout of weakness hit cable this European morning
Swiss e Trade AG − Another bout of weakness hit cable this European morning, currently trading at 1.4190. Testing a longer−term support zone right now, we expect some recovery moves to set in today, but not above 1.4240. Renewed weakness then probably will return, leading to a downward break of the 1.4150 level.
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Forex Economic Analysis − EUR/USD is in a broad consolidation, after bottoming at 1.2331 by www.deltastock.com
EUR/USD is in a broad consolidation, after bottoming at 1.2331 (Oct.28,2008). Technical indicators are rising, and trading is situated below the 50− and 200−Day SMA, currently projected at 1.3292 and 1.4721.
Yen gains on profit taking by FXstreet.com
The USD/JPY has dropped from 97.90 at the opening times of European markets to session lows of about 97.15, extending fall from 26 Feb high at 98.72.
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 GROSS DOMESTIC PRODUCT ANNUALIZED
| Date (GMT) | Event | Cons. | Previous | |
| Feb 27 | 13:30 | Gross Domestic Product Annualized | -5.3% | -0.5% |
Trading News Report - EUR/USD: Trading the U.S. Gross Domestic Product (GDP) Report by FXCM
The preliminary GDP reading for the U.S. is likely to reinforce a dour outlook for the world's largest economy as economists forecast economic activity to contract 5.4% in the fourth quarter. Furthermore, private−sector spending is expected to fall to −3.7% from an initial reading of −3.5%, and the outlook for future growth remains bleak as households continue to face a weakening labor market paired with fears of a deepening recession.
[ Full Story ]Top Market Movers Review
EMU UNEMPLOYMENT RATE
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Feb 27 | 10:00 | Unemployment Rate | 8.2% | 8.0% | 8.1% |
DATA SNAP: Euro−Zone Jan Jobless Rate 8.2% Vs 8.1% In Dec (Dow Jones)
The euro zone's unemployment rate rose to a fresh two−year high of 8.2% in January from 8.1% in December as more companies shed staff in an effort to survive the recession, data from the European Union statistics agency Eurostat showed Friday.
[ Full Story ]- UPDATE: Euro−Zone Jan Jobless Rate 8.2% Vs 8.1% In Dec (Dow Jones)
- EU Jan Unemployment Rate rises a bit to 8.2% (FXstreet.com)
EMU CONSUMER PRICE INDEX
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Feb 27 | 10:00 | Consumer Price Index (YoY) | 1.1% | 1.1% | 1.6% |
| Feb 27 | 10:00 | Consumer Price Index (MoM) | -0.8% | -0.9% | -0.1% |
| Feb 27 | 10:00 | Consumer Price Index − Core (YoY) | 1.6% | 1.8% | 1.8% |
UPDATE: Decline In Euro−Zone Jan Consumer Prices Broad−Based (Dow Jones)
The annual rate of inflation in the 16 countries that use the euro eased sharply in January as clothing, household equipment, restaurant and recreation prices fell. Figures published by European Union statistics agency Eurostat Friday showed consumer prices decreased 0.8% from December.
[ Full Story ]- Read the CPI data at Eurostat
- EU Consumer Price Index MoM falls to −0.8% in Jan, +1.1% YoY (FXstreet.com)
EMU economic indicators - Final HICP inflation will probably be confirmed at 1.1% by BHF−Bank
Economic Events
| Date (GMT) | Country | Event | Actual | Cons. | Previous | |
| Feb 27 | 10:00 | EMU | Consumer Price Index − Core (YoY) (Jan) | 1.6% | 1.8% | 1.8% |
| 10:00 | EMU | Consumer Price Index (MoM) (Jan) | -0.8% | -0.9% | -0.1% | |
| 10:00 | EMU | Unemployment Rate (Jan) | 8.2% | 8.0% | 8.1% |
|
| 10:30 | CH | KOF Leading Indicator (Feb) | -1.41 | -0.93 | -0.93 |
|
| 10:40 | DE | Consumer Price Index (MoM) (Feb)  | 0.6% | 0.3% | -0.5% | |
| 10:40 | DE | Consumer Price Index (YoY) (Feb) | 1.0% | 0.8% | 0.9% | |
| 13:30 | US | Gross Domestic Product Annualized (4Q) | -5.3% | -0.5% | ||
| 13:30 | US | Real Personal Consumption Expenditures (QoQ) (4Q) | -3.5% | |||
| 14:45 | US | Chicago Purchasing Managers' Index (Feb) | 34.0 | 33.3 | ||
| 14:55 | US | Reuters/Michigan Consumer Sentiment Index (Feb) | 56.0 | 61.2 | ||