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NEXT SPECIAL WEBINARS
FX Lesson of the Day: Defining the trend
Expert: Dave Floyd
Start: Tue, Feb 20, 17:00 GMT
Sponsored by: 
Type of Session: Webinar
Fundamental and Technical Trading Opportunities that we are Watching
Expert: Boris Schlossberg
Start: Wed, Feb 21, 12:00 GMT
Sponsored by: 
Type of Session: Webinar
Current Session: U.S.
EUR/USD
Mid-Day Forex Technical Report - Dollar Shrugs off Much Weaker than Expected Housing Starts by ActionForex.com
EUR/USD's rally was limited at 1.3171, inch below mentioned fibo resistance of 61.8% retracement of 1.3364 to 1.2865 at 1.3173. Subsequent retreat has pushed EUR/USD to below 1.3116 minor support with 4 hours MACD dragged below signal line, indicating that a short term top is formed at 1.3171 already.
- Take a look at our advisor's comments on the GBP and Dollar
- Check out how the currency moved on Live Currency Rates & Charts at FXstreet.com
Other Topics for this Session:
FX Thoughts for the Day - FX Thoughts for the day - Evening - 16-Feb-2007....1222 GMT by Kshitij Consultancy Service
Daily Forex Forecast - Daily Forex Forecast by FXDream
Daily Technical Briefing - Dollar Downside Limited - Bottom Is Forming by FXCM
Currencies at a Glance
- EUR/USD
- Moves down below 1.3125
2/16/2007 2:12:16 PM - GBP/USD
- Trades around 1.9490
2/16/2007 2:14:03 PM - USD/CHF
- Moves up above 1.2355
2/16/2007 2:17:14 PM - USD/JPY
- Trades below 119.35
2/16/2007 2:20:30 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
Germany PPI
| Period | Consensus | Previous | Time |
| January | 0.1% | 0% | Feb 20, 07:00 GMT |
- Tony Juste, FX Advisor at FXstreet.com:
"Germany's producer prices are one of the measures the ECB has to gauge what may be next for inflationary pressures, if any. The data is out right at the open of the European session, and I do feel we will have some volatility, as market is monitoring very closely all the news regarding the topic of inflation in the Eurozone." - FXstreet.com
Top Market Movers Review
U.S. Housing Starts
| Period | Consensus | Previous | Actual |
| January | 1600K | 1642K | 1.408M |
US Jan housing starts slump 14.3 pct from Dec, permits also down by AFX News
US January new housing starts slumped 14.3 pct from December and by 37.8 pct from January 2006, the g said. Building permits were also down, falling by 2.8 pct from December and by 28.6 pct from a year ago.
[ Full Story ]- Housing Starts and Building Permits (January) - U.S. Department of Commerce
- US Housing Starts/Building Permits-STATS-Historical (Dow Jones)
- Housing Data, Latest 6 Months (Dow Jones)
U.S. PPI
| Period | Consensus | Previous | Actual |
| Jan (MoM) | -0.6% | 0.9% | -0.6% |
| Jan (YoY) | 0.3% | 1.1% | 0.2% |
| Jan (MoM ex Food & Energy) | 0.2% | 0.2% | 0.2% |
| Jan (YoY ex Food & Energy) | 1.8% | 2.0% | 1.8% |
Jan PPI Down As Expected On Falling Energy Prices by Dow Jones
Sliding energy and light truck prices brought U.S. wholesale prices down last month following two strong gains, while pipeline pressures eased, suggesting that underlying inflationary pressures remain broadly contained. The producer price index for finished goods fell 0.6% in January, the Labor Department said Friday, after rising 0.9% in December and 1.8% in November.
[ Full Story ]- Producer Price Index at Labor Department
- US January PPI down 0.6 pct, core PPI up 0.2 pct; both as expected (AFX News)
- U.S. PPI decreases in January on lower energy prices (FXstreet.com)