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NEXT WEBINARS
24 hour Outlook
Expert: John Putman
Start: Mon, Jan 15, 18:00 GMT
Sponsored by: 
Type of Session: Webinar
Topics
- GBP/USD, etc.
- EUR/USD
What moves currencies? - USD look-up
Expert: Tony Juste
Start: Tue, Jan 16, 11:00 GMT
Sponsored by:
Type of Session: Webinar
Topics
- Checking the crosses
- Majors against the greenback
Current Session: U.S.
USD/JPY
Mid-Day Forex Technical Report - Sterling Strengthens on PPI, Dollar to Trade Sideway in Holiday Session by ActionForex.com
USD/JPY continues to trade sideway between 120.07 and 120.71 today. With 4 hours MACD dragged below signal line and RSI pulled back from overbought region suggest that a short term top should be in place. Further consolidation is in favor to follow with risk of pull back towards 4 hours 55 EMA (now at 119.51).
- 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:
Forex Trading Strategies - Sideways Trading in FX Market by Saxo Bank
Global FX Daily - U.S. Edition - US market will be thinned by holiday today by Mellon Foreign Exchange
Daily Forex Forecast - Daily Forex Forecast by FXDream
Currencies at a Glance
- EUR/USD
- Trades below 1.2950
1/15/2007 4:55:20 PM - GBP/USD
- Continues to move up above 1.9625
1/15/2007 11:25:54 AM - USD/CHF
- Moves down toward 1.2450
1/15/2007 11:27:11 AM - USD/JPY
- Moves up to trade around 120.50
1/15/2007 11:28:03 AM
Charting the Market Movers
EUR USD, Hourly
GBP USD, Hourly
Top Market Movers Preview
U.S. markets closed today due to Holidays.Japan Domestic CGPI
| Period | Previous | Consensus | Time |
| December (MoM) | -0.1% | 0.0% | Jan 15, 23:50 GMT |
| December (YoY) | 2.7% | 2.5% | Jan 15, 23:50 GMT |
Economic Release Alert - Japanese, Australian, UK Inflation Sets Rate Speculation In Motion by FXCM
Producer prices in Japan are expected to recover little from November's pull back. December's Corporate Goods Price Index is expected to remain unchanged, pulling the annual measurement down to a 2.5 percent pace of growth. With raw materials prices remaining weak during the month, there are few underlying price pressures to feed into the larger index.
[ Full Story ]Top Market Movers Review
Euro Zone Industrial Production
| Period | Previous | Consensus | Actual |
| November (MoM) | -0.1% | 0.8% | 0.2% |
| November (YoY) | 3.6% | 3.0% | 2.5% |
Euro Zone Industrial Production, positive but weak by FXstreet.com
Euro Zone's Industrial Production has bounced back to positive levels in November, yet the reading has been weaker than expected, with production of intermediate goods decreasing on the month. Industrial Production has grown by 0.2% in November, as data from the European Stats agency shows, this reading remains sharply below the 0.8% increase expected by the analysts, after two consecutive declining months.
[ Full Story ]- Industrial production up by 0.2% in euro area - Eurostat [PDF, 248Kb]
- Euro zone Nov industrial output up 0.2 pct vs Oct, up 2.5 pct yr-on-yr (AFX News)
UK PPI
| Period | Previous | Consensus | Actual |
| December (Output) | 0.0% | 0.1% | 0.2% |
| December (Input) | 0.1% | 0.2% | 0.1% |
US Open Market Points - Pound Pushed Higher by PPI by FXCM
The big story of the night was in the pound, where UK Input PPI from the month of November was sharply revised upward to 3.5% from 2.8% originally reported. The news shed some light on the reasons behind the BoE surprise rate hike last week.
[ Full Story ]- Factory gate inflation rises to 1.8% - National Statistics
- UK December PPI inches up to add inflation pressure (FXstreet.com)
- UK Dec adjusted input prices up 1.9 pct yr-on-yr, lowest since March 2004 (AFX News)
- London retail sales up 11 pct yr-on-yr in December (AFX News)