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NEXT SPECIAL WEBINARS

How to become a professional trader - How to develop a trading system that works
Expert: Markus Heitkoetter
Start: Tue, Feb 6, 17:00 GMT
Sponsored by:
Type of Session: Webinar

The FX Trading Desk
Expert: Dave Floyd
Start: Wed, Feb 7, 17:00 GMT
Sponsored by:
Type of Session: Webinar
Topics
- Charts
- News releases
- Trading styles & techniques

ECB Policy in 2007
Expert: Joseph Trevisani
Start: Thu, Feb 8, 12:45 GMT
Sponsored by:
Type of Session: Webinar
Topics
- Factors European interest rate policy
- ECB anti-inflation mandate play in rate policy

[ View All ]

Current Session: U.S.

USD/JPY

Forex Trading Strategies - Markets Relatively Quiet with GBP Going Lower on Paper Bomb Explosion in the UK by ActionForex.com

USD/JPY continues its recovery from 114.40 from early December and has broken the range in the 113.35-120.00 area, but remain neutral to bullish as long as the lower end of the range is intact. For the upside, a close above 121.40 is still needed for the upside to accelerate.

[ Full Story ]

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

Currencies at a Glance

EUR/USD: 1.2920(10) still resisting
2/5/2007 5:12:17 PM
GBP/USD: Moves down close to 1.9520 fib level
2/5/2007 5:17:56 PM
USD/CHF: Again 1.2510 caps the upside
2/5/2007 5:15:04 PM
USD/JPY: Breaks 120.50 support, next is 119.90
2/5/2007 5:14:03 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

BRC Retail Sales Monitor

Period	Previous	Consensus	Time
January	2.5%	3.9%	Feb 6, 00:01 GMT

Tony Juste, FX Advisor at FXstreet.com:
"UK retail sales could take a bigger (than usual) role as consumption is probably one of the main focus the BoE analyzes these days to measure the impact of its interest rate hikes. Good numbers could mean (and some certainly will take it that way) that the central bank has green light (yellowish) to continue with the tightening policy; a decline would just signal the opposite as many economic lobbies start to point out recently." - FXstreet.com

Top Market Movers Review

ISM Non Manufacturing

Period	Previous	Consensus	Actual
January	56.7p	57.0p	59.0p

ISM Non Manufacturing boosts in January by FXstreet.com

ISM Non Manufacturing has achieved a surprisingly good reading in January , which suggests a continued economic growth for American economy. The ISM services has jumped to 59.0 from 56.7 in December when the experts advanced a slight increase to 57.0.