EUROPEAN Trading Newsletter

To Get Started

What moves currencies? - 2007 Market Outlook
Expert: Tony Juste
Start: Tue, Jan 2, 11:00 GMT
Sponsored by: 
Type of Session: Webinar
Topics
- Analysis of the probable decision
- Market impact analysis

• Check....
• Element 2...

Current Session: Europe - US

EUR/USD

European and US summary - Market sentiment for global interest rate differentials continues to be a primary focus in foreign exchange by Forexnews.com

EURUSD also benefited from demand in the cross, crossing back above the 1.32-level to hit a session high near 1.3240. Resistance is seen at 1.3270, followed by 1.33 and 1.3330. Key resistance is eyed at 1.3367, backed by 1.34 and 1.3450. Meanwhile, support will start at 1.32, followed by 1.3170 and 1.3130.

• 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 Technical Report - EUR/JPY Rally Continues on Expectation of Widening Rate Gap by ActionForex.com

Daily Forex Commentary - USD – Taking a breather by Jyske Bank

Wakeup Call on Forex Markets - USD weakness continues ahead of GDP tomorrow by Saxo Bank

Currencies At A Glance

EUR/USD

Moves up toward 1.3200
12/22/2006 1:29:49 AM

GBP/USD

Trades below 1.9650
12/22/2006 1:29:56 AM

USD/CHF

Moves down to 1.2150
12/22/2006 1:30:02 AM

USD/JPY

Continues to stay above 118.25
12/22/2006 1:30:09 AM

Analysts Sentiment Index

Analysts Sentiment Index - EUR/USD

**Source : CMS Forex, Danske Bank A/S, Global Forex Trading Ltd. , Rabobank

[ View ASI page ] [ View EUR/USD page ]

Charting The Market Movers

EUR USD, Hourly

Top Market Movers Preview

BoE Minutes

Friday Notes - BoE Expectations: Faster decline in inflation by HVB Group

Overall, risks to the central scenario remain balanced, but uncertainties surrounding the future inflation outlook are now seen larger than usual. In general, the debate within the central bank is mostly based on the supply side, as the degree of slack in the economy is increasingly difficult to measure.

European and US summary - Market sentiment for global interest rate differentials continues to be a primary focus in foreign exchange by Forexnews.com

Top Market Movers Review

U.S. Housing Starts

Unexpected rise on U.S. Housing Starts; Building Permits also down by FXstreet.com

Housing starts have unexpectedly risen in November, following a sharp drop the month before which was the tenth consecutive negative result in housing starts. In November, the construction of new houses increased by 6.7% to an annual rate of 1.588 million houses as data from the Commerce Department shows

• New Residential Construction in November - U.S. Department of Housing and Urban Development
• Housing construction posts rebound (AFX News)

U.S. PPI

Truck and fuel prices push Nov PPI at 32 year high by FXstreet.com

Wholesale prices in the U.S. have jumped to their 32 year record in November on the sharp increase of truck and gasoline prices which arises concerns on inflation despite the good results on recent consumer prices report. PPI increased 2% in November, the sharpest rise since November 1974, following a 1.6% drop in the previous month, according to data released by the labour department.

• Producer Price Index News Release text - U.S. Department of Labor
• US November PPI up 2.0 pct, largest monthly gain in more than thirty years (AFX News)
• Wholesale prices surge in November (AFX News)

Germany IFO

Germany: Ifo indicates further rate hikes in 2007 by Danske Bank A/S

The Ifo index once again surprised markets with a strong reading – as we had expected – climbing to 108.7 from 106.8 (consensus expected 106.8). The ifo index is close to an all-time high, and although the correlation with German GDP growth is weaker than it used to be, the strong index reflects that German companies are in fantastic shape due to both long-term structural reasons and temporary support from financial conditions and robust exports.

• German IFO Business Climate rises against expectations (FXstreet.com)
• German Dec Ifo business climate index 108.7 vs 106.8 in Nov (AFX News)