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NEXT WEBINARS
Weekly Webinar: 1st on Forex - The Week Ahead
Expert: Jerry Furst
Start: Mon, Jan 15, 12:00 GMT
Sponsored by: 
Type of Session: Webinar
Topics
- Calculating Support and Resistance Zones
- Scheduled Economic Events - The Ones To Watch
- Scanning the Major Pairs - What Looks Interesting!
Derek Frey's Outlook
Expert: Derek Frey
Start: Mon, Jan 15, 15:00 GMT
Sponsored by: 
Type of Session: Webinar
Current Session: U.S.
GBP/USD
Mid-Day Forex Technical Report - Dollar Retreats on Profit Taking by ActionForex.com
Cable's rise from 1.9261 continues towards mentioned 1.9564 cluster resistance (61.8% retracement of 1.9750 to 1.9261 at 1.9563) as expected. At this point, intraday bias remains on the upside as long as cable stays above 1.9452 support. Below 1.9452 will turn intraday outlook consolidative first.
- Check out how the currency moved on Live Currency Rates & Charts at FXstreet.com
- Insight on the fundamentals in the Fundamentals section at FXstreet.com
- What's next on the agenda? Take a look at our Economic Events Calendar
- What's going on in the markets? Read our latest Forex news
Other Topics for this Session:
US Open Market Points - Euro Bounce Above 1.2900 Yen Remains Submerged by FXCM
Daily Forex Forecast - Daily Forex Forecast by FXDream
FX Thoughts for the Day - FX Thoughts for the day - Evening - 12-Jan-2007....1228 GMT by Kshitij Consultancy Service
Currencies at a Glance
- EUR/USD
- Moves up above 1.2925
1/12/2007 4:35:08 PM - GBP/USD
- Continues to move up above 1.9575
1/12/2007 4:37:26 PM - USD/CHF
- Moves down to trade around 1.2475
1/12/2007 4:39:31 PM - USD/JPY
- Moves down below 120.50
1/12/2007 4:41:35 PM
Charting the Market Movers
EUR USD, Hourly
GBP USD, Hourly
Top Market Movers Preview
UK PPI
| Period | Previous | Consensus | Time |
| Dec (Input SA MoM) | 0,10% | 0,00% | Jan 15, 09:30 GMT |
| Dec (Input SA YoY) | 2,80% | 1,30% | Jan 15, 09:30 GMT |
| Dec (ex-FDT SA YoY) | 2,40% | 2,40% | Jan 15, 09:30 GMT |
| Dec (Output NSA MoM) | 0,00% | 0,10% | Jan 15, 09:30 GMT |
| Dec (Output NSA YoY) | 1,80% | 2,20% | Jan 15, 09:30 GMT |
- Tony Juste, FX Advisor at FXstreet.com:
"PPI is expected to come out lower than previous readings, and that could just serve as a relief for the BoE woes on inflation. If Prices are less expensive for producers, inflation on the last front (consumer) will also be moderate and will remain under control, thus allowing the Central bank to possibly think of a topping in interest rates at current levels." - FXstreet.com
Top Market Movers Review
US Retail Sales
| Period | Previous | Consensus | Actual |
| December | 1.0% | 0.7% | 0.9% |
US Retail sales grow above expectations; Import Prices also up by FXstreet.com
Retail sales have experienced a boost above expectations in December, which was widespread among a wide spectrum of businesses, according to the Latest report by the Commerce Department. Sales have grown by 0.9% in adjusted terms, the negative side has been the sharp revision of November sales which has been lowered to 0.6% from the initially released 1.0%.
[ Full Story ]- Advance monthly sales for retail trade and food services - U. S. Census Bureau
- Retail sales up 0.9 percent in December (AFX News)
- US December retail sales up 0.9 pct, largest increase since July (AFX News)