Tuesday, Feb 06, 18:04 GMT
ASIA-PACIFIC Trading Newsletter
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NEXT SPECIAL WEBINARS
Technical Outlook for the Majors - What to Expect
Expert: Jamie Saettele
Start: Wed, Feb 7, 12:00 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
Current Session: U.S.
GBP/USD
FX Thoughts for the Day - FX Thoughts for the day - Evening - 06-Feb-2007....1251 GMT by Kshitij Consultancy Service
The Cable has had a sharp rally during the day and the pair looks to be headed towards the upper end of the trading range of 1.9750–1.9550, within which the pair is expected to trade for another day or so. The bigger picture still remains in an uptrend, while the trendline on daily chart joining the lows of 1.9261 (8-Jan) and 1.9482 (31-Jan) at 1.9536 holds.
- 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 Forex Forecast - Daily Forex Forecast by FXDream
Daily Technical Briefing - Dollar Decline Underway: How Far Will It Extend? by FXCM
Forex Trading Strategies - USD Marginally Weaker in a Quiet European Session by Saxo Bank
Currencies at a Glance
- EUR/USD
- Testing 1.2960/65 resistance level
2/6/2007 4:44:07 PM - GBP/USD
- Goes to test 1.9705 resistance level
2/6/2007 4:55:15 PM - USD/CHF
- Testing 1.2420 support
2/6/2007 4:58:36 PM - USD/JPY
- Holds 119.90 support
2/6/2007 4:59:49 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
RBA Rate Decision
| Previous | Consensus | Time |
| 6.25% | On Hold | Feb 6, 22:30 GMT |
Economic Release Alert - RBA Rate Decision Expected To Result In Pass by FXCM
The Reserve Bank of Australia, headed by Governor Glenn Stevens, is expected to hold the nation's overnight cash rate at 6.25 percent. Since the policy group's decision to pass on a change in rates in early December, economic data further stabilized; which many economists take as a sign that the central bank's previous three hikes in May, August and November are taking effect.
[ Full Story ]Top Market Movers Review
Euro Zone Retail Sales
| Period | Previous | Consensus | Actual |
| December (MoM) | 0.5% | 1.1% | 0.3% |
| December (YoY) | 1.4% | 2.5% | 2.1% |
Euro Zone Sees Weak Retail Trade In December by Dow Jones
Euro-zone retail sales were surprisingly weak at the end of 2006, owing to subdued French and Spanish trade, data from the European Union's statistics agency showed Tuesday. Retail sales volume in the area rose 0.3% on the month and increased 2.1% from December 2005, Eurostat said.
[ Full Story ]- Volume of retail trade up by 2.1% in euro area - Eurostat [PDF, 124k]
- Euro Zone Retail sales, weaker than expected (FXstreet.com)
- Euro zone Dec retail sales up 0.3 pct from Nov, up 2.1 yr-on-yr (AFX News)
- German Factory Orders decrease unexpectedly in December (FXstreet.com)