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Topics
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Current Session: U.S.
EUR/USD
Mid-Day Forex Technical Report - EUR/USD Rebound Extends on Solid GDP & Disappointing US Trade Deficit by ActionForex.com
EUR/USD's rebound from 1.2939 extends further in early US session and should now be heading towards 1.3052/57 cluster resistance (38.2% retracement of 1.3364 to 1.2867 at 1.3057). But still, as long as this as 1.3052/57 cluster resistance holds, price actions from 1.2865 low are treated as sideway consolidation to the fall from 1.3364 only and further decline is still expected to follow.
- 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:
Currency Crosses: Trading Beyond Majors - Yen Crosses Ready for Reversals and/or Breakouts by FXCM
Foreing Exchange - EUR: Been trading in a sideways range of 1.3065 - 1.2866 by Avantage Financial GMBH
Daily Forex Forecast - Daily Forex Forecast by FXDream
Currencies at a Glance
- EUR/USD
- Trades above 1.3000
2/13/2007 2:38:54 PM - GBP/USD
- Trades below 1.9440
2/13/2007 2:40:53 PM - USD/CHF
- Bounced at 1.2440, now trades above 1.2475
2/13/2007 2:42:24 PM - USD/JPY
- Moves below 121.30
2/13/2007 2:43:47 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
UK Average Earnings
| Period | Previous | Consensus | Time |
| December | 3.7% | 3.7% | Feb 14, 09:30 GMT |
Friday Notes - Wage growth still subdued in Dec by HVB Group
December wage growth (ex-bonus) is expected to rise only marginally to 3.8% y-o-y. Indeed, the effect of the ongoing round of wage negotiations is not likely to be felt already in December. We expect a gradual pick-up in wage growth in the months to come, starting from January. We also see Jan unemployment to hardly move from the 3% level.
[ Full Story ]Top Market Movers Review
U.S. Trade Balance
| Period | Previous | Consensus | Actual |
| December | -$58.12B | -$59.50B | -$61.18B |
Costlier Oil Widens US December Trade Gap by Dow Jones
Higher oil prices inflated imports in December, widening the U.S. trade gap for the first time in four months. The U.S. deficit in international trade of goods and services increased 5.3% to $61.18 billion from $58.12 billion in November, the Commerce Department said Tuesday.
[ Full Story ]- U.S. International Trade in Goods and Services - Census Bureau
- US trade deficit widens on higher oil prices (FXstreet.com)
- US Dec trade deficit widens 5.3 pct to 61.2 bln usd, 2006 hits record 763.6 bln (AFX News)
- US trade gap widens (Reuters)
- Euro makes further gains on robust euro zone data, weak US trade figures (AFX News)
- Tony Juste, FX Advisor at FXstreet.com:
"Trade balance figures show basically two things: 1- that the higher energy costs again translate in worse-than-expected figures and 2- that the international trade deficit is way out of bounds and it will be very difficult for the US to fight it back. And I would not only mention China, as overall the US is showing deficit against the industrialized economies." - FXstreet.com