Forex News Blog
Back to The Headlines
Monday February 15, 2010 - 10:28:13 GMT
Share This Story
Forexpros - www.forexpros.com
Forexpros Daily Analysis - 15/02/2010ForexPros Daily Analysis February 15,
Fundamental Analysis: German ZEW
European traders look forward to the publication of
the German ZEW Economic Sentiment tomorrow, February 15. The German Zentrum fÃ¼r
EuropÃ¤ische Wirtschaftsforschung (ZEW) Economic Sentiment determines the
sentiment of German institutional investors. Above 0 indicates optimism while
below 0 indicates pessimism.
It's a leading indicator of business conditions.
The reading is concluded from survey of about 350 German institutional investors
A higher than expected reading should be taken as
positive/bullish for the EUR, while a lower than expected reading should be
taken as negative/bearish for the EUR. Analysts predict a decline from the past
reading to a reading of 42.50.
The Euro broke the support 1.3662 and fell strongly as we
expected, reaching the first suggested target 1.3582 successfully, and stopping
only 5 pips before the second target 1.3525, Which confirmed a continuation of
the downtrend, and an inability of using any chance to create a notable
correction. And today, the continuation of the trend is expected, as we are
still trading below the falling trend line that is drawn on the attached chart.
Short term support is are 1.3572 and breaking it would indicate that we have
lived a short correction after Fridayâ€™s fall, and we are to continue falling
today, targeting 1.3525 & 1.3422. But in case of breaking the resistance
1.3675, the odds of a short term uprising correction will be greater, and the
ideal targets of such a correction are the Fibonacci levels 1.3778 & 1.3836.
In case we get close to these areas, the resistance at 1.3836 will be important
not just for the short term, but for the medium term as
â€¢ 1.3572: Apr 6th high.
â€¢ 1.3525: May 14th
â€¢ 1.3422: important line on intraday
â€¢ 1.3675: last Wednesdayâ€™s low.
1.3778: Fibonacci 50% for the last drop from 1.4025.
â€¢ 1.3836: Fibonacci
61.8% for the last drop from
For another day,
Dollar-Yen frustrated our hopes for a big move, and stayed another day trading
in very tight ranges, and very boring ones! We have not had our major move until
now. But this very limited activity should come to an end soon, and a trend will
be born, which will bring back some excitement to this pair, after a very boring
week. Thus, we will await a break of the support or resistance of the day, and
in case we get one, we expect to see a sizeable move in the direction of the
break. Our eyes will be on the support 89.83, and breaking it would enhance
chances of a drop in the first of this week, targeting 89.22, and then the all
important Fibonacci medium & long term support 88.23. The resistance is at
90.22, and breaking it would target 91.14, and then what could be the most
important resistance for short term 91.76.
the rising trend line from 88.53 on hourly charts.
â€¢ 89.22: last Fridayâ€™s
â€¢ 88.23: Fibonacci 61.8% for the whole move from 84.81 to
â€¢ 90.22: Fibonacci 61.8% for the drop from
91.26 to 88.53.
â€¢ 91.14: Fibonacci 50% for the whole drop from 93.75.
91.76: Fibonacci 61.8% for the whole drop from 93.75.
Trading Analysis written by Munther Marji for ForexPros.
on currency trading see
Disclaimer:Trading Futures and Options on Futures and Cash Forex transactions
involves substantial risk of loss and may not be suitable for all investors. You
should carefully consider whether trading is suitable for you in light of your
circumstances, knowledge, and financial resources. You may lose all or more of
your initial investment. Opinions, market data, and recommendations are subject
to change at any time.
Forex Trading News
Daily Forex Market News
Forex news reports can be found on the forex research
headlines page below. Here you will find real-time forex market news reports
provided by respected contributors of currency trading information. Daily forex
market news, weekly forex research and monthly forex news features can be found
Real-time forex market news reports and features providing
other currency trading information can be accessed by clicking on any of the
headlines below. At the top of the forex blog page you will find the latest
forex trading information. Scroll down the page if you are looking for less
recent currency trading information. Scroll to the bottom of fx blog headlines
and click on the link for past reports on forex. Currency world news reports
from previous years can be found on the left sidebar under "FX Archives."
Elevate Your Trading With The Amazing Trader!
The Amazing Trader includes:
Register To Test Your Amazing Trader
- Actionable trading levels delivered to YOUR charts in real-time.
- Live trading strategy sessions.
- Market Updates with Trading Tools.
Trading Ideas for 11 December 2017
Register for the Amazing Trader
Amazing Trader EVENT RISK Calendar:
Tue 12 Dec
09:30 GB- CPI
10:00 GB- ZEW Survey
13:30 US- PPI
Wed 13 Dec
00:30 AU- Employment
09:30 GB- Unemployment
13:30 US- CPI
15:30 US- EIA Crude
19:00 US- Fed Decision
Thu 14 Dec
07:30 CH- SNB Decision
All Day- Global- flash PMIs
12:00 GB- Bank of England Decision
12:45 EZ- ECB Decision
13:30 US- Retail Sales
13:30 US- Weekly Jobless
14:45 US- Industrial Production
Potential Trading Opportunities
John M. Bland, MBA
- POTENTIAL PRICE RISK: Mediun Tue--10:00 GMT-- DE- ZEW. Second Tier Sentiment Survey
- POTENTIAL PRICE RISK: HIGH-Medium Tue--13:30 GMT-- US- PPI
- POTENTIAL PRICE RISK: HIGH-Medium Wed--09:30 GMT-- GB- Employment
- POTENTIAL PRICE RISK: HIGH Wed--13:30 GMT-- US- CPI
- POTENTIAL PRICE RISK: Medium Wed--15:30 GMT-- US- EIA Crude
- POTENTIAL PRICE RISK: High Wed--19:00 GMT-- US- Fed Decision
- POTENTIAL PRICE RISK: HIGH- Thu --00:30 GMT-- AU- Employment
- POTENTIAL PRICE RISK: Medium- Thu --All day-- global- flash PMIs
- POTENTIAL PRICE RISK: HIGH-Medium- Thu --07:30-- CH- Swiss National Bank Decision
- POTENTIAL PRICE RISK: HIGH-Medium- Thu --09:30-- GB- Retail Sales
co-founding Partner, Global-View.com
EXCLUSIVE: Global-View Daily Trading Chart Points Updated
EXCLUSIVE: Global-View Free Forex Database updated
TRADER ADVOCACY ARTICLES
Trader's Advocate Articles..