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NEXT SPECIAL WEBINARS
Live Trading with Ed Ponsi
Expert: Ed Ponsi
Start: Tue, Jan 30, 17:00 GMT
Sponsored by: 
Type of Session: Webinar
Live Coverage of FOMC US Interest Rate Announcement
Expert: Jerry Furst
Start: Wed, Jan 31, 18:30 GMT
Sponsored by: 
Type of Session: Webinar
Topics
- 1:30 pm EST (18:30 GMT) - Before: What makes this scheduled event so important
- 2:15 pm EST (19:15 GMT) - During: Watch the markets react with volatility spiking charts in all markets!
- 2:30 pm EST (19:30 GMT) - After: What Happened and What to Expect Next!
Current Session: U.S.
USD/JPY
Forex Trading Strategies - Will JPY be Coming Back for Good? by Saxo Bank
For the USDJPY we are still looking to go long at the break of 121.40 for at test of 122.30 and if the BoJ hike is more likely, we favor selling at 116.50, targeting 114.00. The EURJPY should be entered on long side after a close above 158.05 is seen giving scope for a test of 160.00. On the short side we will sell the break of 153.80, for a test of 152.50.
- 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:
Daily Technical Briefing - Market in Corrective Mode: Now Is the Time to Plan Ahead by FXCM
Global FX Daily - U.S. Edition - US existing home sales, Japanese CPI feature by Mellon Foreign Exchange
Daily Trading Strategy - Carry trade liquidation? by MVDForex
Currencies at a Glance
- EUR/USD
- Trades around 1.2975
1/25/2007 5:18:25 PM - GBP/USD
- Trades around 1.9700
1/25/2007 5:21:41 PM - USD/CHF
- Continues to trade below 1.2450
1/25/2007 5:25:02 PM - USD/JPY
- Trades around 121.00
1/25/2007 5:28:00 PM
Analyst Sentiment Index (ASI)
Analysts Sentiment Index - EUR/USD
**Source : CMS Forex, Danske Bank A/S, FXstreet.com, Global Forex Trading Ltd. , KBC Bank, Mizuho Corporate Bank
[ View ASI page ] [ View EUR/USD page ]
Charting the Market Movers
EUR USD, Hourly
GBP USD, Hourly
Top Market Movers Preview
Japan Inflation
| Period | Previous | Consensus | Time |
| December (YoY) | 0.3% | 0.3% | Jan 25, 23:30 GMT |
Economic Release Alert - Japanese Inflation and US Existing Home Sales to Dominate by FXCM
Consumer prices will likely have remained at 0.3 percent, if not dipping slightly lower, on the recent pullback in commodity prices. Crude oil, dropping from the $78.40 high last year, is a major contributor to the thin price increases in the economy purporting lower costs on both consumer and producer fronts. A reflection of this was the recent producer price report, which showed the slowest pace of growth in a year at a 2.5 percent annualized gain.
[ Full Story ]Top Market Movers Review
U.S. Existing Home Sales
| Period | Previous | Consensus | Actual |
| December | 0.6% | -0.2% | -0.8% |
Existing home sales drop lower than expected in December by FXstreet.com
Sales of existing homes have fallen in December as the latest chapter of a year in which the decline of the housing market's demand was the largest of the last 24 years.
[ Full Story ]- US Dec existing home sales down 0.8 pct to 6.22 mln units vs 6.30 mln expected (AFX News)
- Existing homes sales plummet in 2006 (AFX News)
U.S. initial jobless claims
| Period | Previous | Consensus | Actual |
| Week of Jan 20 | 290K | 310K | 325K |
US initial jobless claims, up by 36,000 un the week of January 20 by FXstreet.com
The amount of laid off workers who applied for the unemployment benefit for the first time grew by 36,000 on the week of January the 20th, according to the latest data published by the Labor Department. The total amount of claims on the aforementioned week rose to 325,000, from a downward revised level.
[ Full Story ]- Unemployment Insurance Weekly Claims Report - U.S. Department of Labor
- US weekly jobless claims up 36,000 to 325,000, highest in a month (AFX News)