Monday, Jan 08, 07:40 GMT
EUROPEAN Trading Newsletter
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Next Webinar
What moves currencies? - Previewing the Week Ahead
Expert: Tony Juste
Start: Mon, Jan 8, 11:00 GMT
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Type of Session: Webinar
Current Session: Europe
EUR/USD
Daily Market Commentary - The dollar surged further on Friday versus the European currencies by Global Forex Trading Ltd.
The euro/dollar sank aggressively on Friday as well, hitting a six-week low of 1.2980, after forming a bearish reversal formation on Wednesday. After a brief bounce, it should make another run on the downside. Below 1.2980, the pair has strong support at 1.2930. A close below this level would signal a further significant decline to 1.2860.
- 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 Outlook - U.S. Dollar Trading was markedly stronger against the majors in the Friday night by Easy Forex
US Trading Preview - The dollar and yen are the biggest gainers of last week by Forexnews.com
Weekly Technical Analysis Research - Spotlight Focus: EURUSD, GBPUSD & AUDUSD by Spencer Financial LLC
Currencies at a Glance
- EUR/USD
- Continues to trade around 1.3000
1/8/2007 6:58:35 AM - GBP/USD
- Moves up to trade around 1.9300
1/8/2007 7:01:34 AM - USD/CHF
- Moves down to trade around 1.2350
1/8/2007 7:03:35 AM - USD/JPY
- Continues to trade below 118.50
1/8/2007 7:05:58 AM
Charting the Market Movers
EUR USD, Hourly
USD JPY, Hourly
Top Market Movers Preview
Germany manufacturing orders
| Period | Previous | Consensus | Time |
| November | -1.1% | 2.5% | Jan 8, 11:00 GMT |
FX Weekly Outlook - Trade gaps and all that by Informa Global Markets
There is scant data for the Eurozone (German November manufacturing orders and industrial production Monday/Tuesday and French November industrial production and manufacturing output Tuesday), but recent sentiment data, while edging back, continues to suggest strong momentum into the first part of 2007.
[ Full Story ]Economic Release Alert - German Factory Orders (NOV) by FXCM
Top Market Movers Review
Germany Retail Sales
| Period | Previous | Consensus | Actual |
| November (MoM) | -0.5% | 1.0% | -0.3% |
| November (YoY) | -0.8% | 0.3% | -0.5% |
German Nov retail sales down 0.3 vs Oct, down 0.5 pct yr-on-yr by AFX News
German retail sales were down 0.3 pct in real terms in November compared with October and were 0.5 pct lower than in November last year, according to preliminary figures from the Federal Statistics Office. Analysts polled by AFX News had forecast a 1.0 pct rise in retail sales month-on-month.
[ Full Story ]