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Next Webinar
What moves currencies? - Wrapping-up the week
Expert: Tony Juste
Start: Fri, Jan 12, 11:00 GMT
Sponsored by: 
Type of Session: Webinar
Topics
- Where to from here?
- Market activity
Current Session: Europe
USD/JPY
US Trading Preview - The greenback remains firmer against the euro and yen by Forexnews.com
Dollar/yen continues to creep higher, reaching its highest level since December 2005 at 120.72. Further gains will target ceilings at 121, followed by 121.30 and 121.65. Additional ceilings will emerge at 122, backed by 122.40 and 122.70. On
- 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 Market Commentary - The pound surged across the board on Thursday after the BoE's MPC unexpectedly raised interest rate by Global Forex Trading Ltd
Daily Forex Outlook - U.S. Dollar Trading was stronger against the majors except for the pound by Easy Forex
Daily Forex Strategy Briefing - Yen Falls on Deteriorating Japanese Growth Outlook by CMS Forex
Currencies at a Glance
- EUR/USD
- Trades around 1.2900
1/12/2007 7:03:09 AM - GBP/USD
- Moves up above 1.9450
1/12/2007 7:06:06 AM - USD/CHF
- Continues to move up toward 1.2500
1/12/2007 7:09:06 AM - USD/JPY
- Trades around 120.50
1/12/2007 7:12:17 AM
Charting the Market Movers
EUR USD, Hourly
GBP USD, Hourly
Top Market Movers Preview
U.S. Advanced Retail Sales
| Period | Previous | Consensus | Time |
| December (MoM) | 1.0% | 0.7% | Jan 12, 13:30 GMT |
Economic Release Alert - US Retail Sales Ground Dollar Fundamentals by FXCM
Retailers are expected to have seen sales rise 0.7 percent in December as the American consumer looks to pick up the slack in the economy. Expectations for the second monthly advance come from a number of sources from both the consumer and producer sides of the equation. Businesses may offer a clue to retail activity through the ISM's surveys.
[ Full Story ]- Tony Juste, FX Advisor at FXstreet.com:
"Retail Sales are expected higher in the US as Christmas-period sales tend to be at a good reading. That should just serve as a comfortable support for the Dollar, being boosted against the majors in ligt of good economic data in the US. A bad reading could be interpreted by the market as a sign of low consumer confidence and could turn things the other way arouond, so I will be monitoring data very carefully." - FXstreet.com
Daily Market Briefing - US Dollar (USD) Rally Now Contingent Upon Retail Sales by FXCM
Top Market Movers Review
U.S. Initial Jobless Claims
| Period | Previous | Consensus | Actual |
| Week ending on Jan 6 | 329K | 318K | 299K |
Daily Global Commentary - Seasonal Adjustment Issues Distort Jobless Claims Data by Northern Trust
Initial jobless fell 26,000 to 299,000 during the week ended January 6. According to the Labor Department seasonal factors played a role in distorting the latest weekly readings of initial jobless claims. Continuing claims, which lag initial claims by one week, fell 3,000 to 2.428 million and the insured unemployment rate held steady at 1.9%.
[ Full Story ]- Unemployment insurance weekly claims report - U.S. Department of Labor
- Jobless claims drop more than expected (AFX News)
- Find all the historical data of U.S. unemployment on our economic time series