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Topics
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Current Session: U.S.
GBP/USD
Forex Trading Strategies - BoE kept Rates at 5.25% by Saxo Bank
GBP/USD Broke the lower end of the sideways trading pattern from early December at 1.9435, but we look for a close below to confirm further downside near term. Longer term bull trend line remains intact presently at 1.9015.
- 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 May Test Former High - and Soon by FXCM
FX Thoughts for the Day - FX Thoughts for the day - Evening - 08-Feb-2007....1152 GMT by Kshitij Consultancy Service
Currencies at a Glance
- EUR/USD
- Breaks back below 1.2990 support
2/8/2007 5:06:45 PM - GBP/USD
- Fighting to stay above 1.9665 support
2/8/2007 4:37:34 PM - USD/CHF
- Rallies past 1.2480 resistance level
2/8/2007 4:41:32 PM - USD/JPY
- Breaks past 121 again
2/8/2007 5:03:45 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
G7 Meeting
Special Coverage - G7 Meeting by FXstreet.com
This G7 meeting will have in the current Yen weakness one of the main topics to discuss, although initially was taken out of the agenda. German and some U.S. voices have insisted in put this topic in the list of debated issues at the meeting, as a means to reach an agreement and find some balance with Yen quotations.
- Register now to our Webinar What moves currencies? - G7 Watch with our expert Tony Juste
Top Market Movers Review
ECB Rate Decision
| Previous | Actual |
| 3.50% | On Hold at 3.50% |
ECB Leaves All Key Interest Rates Unchanged by Dow Jones
The European Central Bank kept interest rates on hold Thursday, leaving the key policy rate untouched at 3.50%, as expected. The ECB didn't provide any rationale for the decision, but ECB President Jean-Claude Trichet will comment on the decision at a press conference set for 1330 GMT.
[ Full Story ]- Monetary policy decisions - ECB
- ECB leaves Key Interest Rates unchanged (FXstreet.com)
- Euro Climbs Further On Trichet Comments (Dow Jones)
- Trichet says ECB must exercise 'strong vigilance' on inflation risks (AFX News)
- "Strong vigilance" on prices needed, according to Trichet (FXstreet.com)
BOE Rate Decision
| Previous | Actual |
| 5.25% | On Hold at 5.25% |
The Bank of England leaves rates unchanged at 5.25% by FXstreet.com
The Monetary Policy Setting Committee has decided to leave interest rates at 5.25% after their monthly meeting as it was widely expected by the market.
[ Full Story ]