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Current Session: U.S.
GBP/USD
Forex Mid-Day Technical Report - Sterling Weakens Further after Steep Fall in PPI Input by ActionForex.com
Cable's fall from 1.9731 resume today after recovery from 1.9457 was limited below 1.9600 resistance and reaches as low as 1.9437 so far. At this point further decline is expected towards next downside target of 1.9237/61 cluster support (23.6% retracement of 1.7047 to 1.9913 at 1.9237) as long as cable stays below 1.9566 resistance.
- 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
FX Thoughts for the Day - FX Thoughts for the day - Evening - 12-Feb-2007....1213 GMT by Kshitij Consultancy Service
Daily Technical Briefing - Japanese Yen Approaches Critical Support by FXCM
Currencies at a Glance
- EUR/USD
- Floating around 1.2950
2/12/2007 3:30:04 PM - GBP/USD
- Trading around 1.9460
2/12/2007 3:32:22 PM - USD/CHF
- Retraced to 1.2515, now moving up again
2/12/2007 3:31:56 PM - USD/JPY
- Bounced at 121.60, now moves up above 121.75
2/12/2007 3:33:37 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
U.S. Federal budget
| Period | Previous | Consensus | Time |
| January | $40B | $40B | Feb 12, 19:00 GMT |
Friday Notes - Tax revenues keep pouring in by HVB Group
Last January, the US Treasury enjoyed a surplus of USD 20 bn. Revenues are now running about USD 20 bn higher, while outlays are little changed. The deficit will likely remain below 2% of GDP and could go even lower, as the Democratic Party leadership in Congress takes aim on some of the administration's programs.
[ Full Story ]Top Market Movers Review
UK Leading Indicator Index
| Period | Previous | Consensus | Actual |
| December (MoM) | 0.1% | 0.1% | 0.1% |
UK Leading Indicator Index edges up in December by FXstreet.com
The Leading indicator index has risen 0.1% in December, in line with the market expectations, as the latest report by the Conference Board shows.
- Tony Juste, FX Advisor at FXstreet.com:
"Leading indicators still show some potential remains for the economy in the UK. However, the risks associated with further tigthening moves by the BoE may change the momentum and start poiting to a potentially hard-landing of the economy. It is yet unclear if such moves will happen, as inflation in the manufacturing sector looks to be easing, but certainly the leading indicators will price that in if it finally does happen." - FXstreet.com