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Next Webinar
What moves currencies? - Previewing IR decisions
Expert: Tony Juste
Start: Thu, Jan 11, 11:00 GMT
Sponsored by: 
Type of Session: Webinar
Topics
- What is the expected data?
- What could drive the markets?
Current Session: Europe
EUR/USD
Daily Forex Technical Report - Focus on 'Vigilance' from ECB by ActionForex.com
EUR/USD's fall from 1.3052 extended further to 1.2930 but downside momentum is still unconvincing as EUR/USD approaches 1.2922 cluster support. Nevertheless, further decline cannot be ruled out as long as EUR/USD stays below 1.3000 resistance. On the upside, above 1.3000 will indicate a short term bottom is possibly formed and should bring rebound to 1.3052 resistance or higher.
- 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 strengthened for the fifth day in six against the majors by Easy Forex
US Trading Preview - The dollar remains firm across the board by Forexnews.com
Daily Market Commentary - The dollar rallied across the board on Wednesday by Global Forex Trading Ltd.
Currencies at a Glance
- EUR/USD
- Trades around 1.2950
1/11/2007 7:23:37 AM - GBP/USD
- Trades above 1.9325
1/11/2007 7:25:33 AM - USD/CHF
- Trades around 1.2450
1/11/2007 7:27:36 AM - USD/JPY
- Moves up toward 120.00
1/11/2007 7:29:13 AM
Charting the Market Movers
EUR USD, Hourly
GBP USD, Hourly
Top Market Movers Preview
UK Industrial Production
| Period | Previous | Consensus | Time |
| November (MoM) | -0.8% | 0.3% | Jan 11, 09:30 GMT |
| November (YoY) | 0.6% | 0.4% | Jan 11, 09:30 GMT |
Economic Release Alert - UK Industrial Production (NOV) by FXCM
The UK Industrial Production is expected to rebound to 0.3% from a prior month decline of -0.8%. Industrial Production has been the Achilles heel of the UK economy, as producers have been hobbled by high energy costs and very unfavorable exchange rate differentials.
[ Full Story ]ECB and BoE Rate Decisions
| Central Bank | Last Change | Current Int. Rate | Time |
| BoE | 09-Nov-06 | 5.00% | Jan 11, 12:00 GMT |
| ECB | 07-Dec-06 | 3.50% | Jan 11, 12:45 GMT |
Central Banks - ECB and BoE meeting preview by FXstreet.com
There is some confusion as to what signals Trichet sent at the last press conference with regard to the timing of a likely rate hike, and today the big question is whether Trichet will signal a rate hike as early as February or leave the door open for a rate hike at a later stage.
[ Full Story ]Top Market Movers Review
Australia Unemployment
| Period | Previous | Consensus | Actual |
| December | 4.6% | 4.6% | 4.6% |
Australia Dec unemployment 4.6 pct, steady vs Nov by AFX News
The unemployment rate was a seasonally adjusted 4.6 pct in December, unchanged from November, the Australian Bureau of Statistics (ABS) said. The December jobless rate was below the market consensus forecast of a rise to 4.7 pct for the second consecutive month.
[ Full Story ]- Labour Force, Australia - Australian Bureau of Statistics
- Australian dollar back above 0.78 usd after jobless data (AFX News)