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Next Webinar
What moves currencies? - Previewing the Week Ahead
Expert: Tony Juste
Start: Mon, Jan 15, 11:00 GMT
Sponsored by: 
Type of Session: Webinar
Current Session: Europe
USD/JPY
US Trading Preview - The greenback continues to trade on firmer footing versus the euro and yen by Forexnews.com
USDJPY will face resistance at 120.30, followed by 120.60 and 121. Additional ceilings are eyed at 121.30, followed by 121.65 and 122. Support is seen at 120, followed by 119.70 and 119.40. Subsequent floors will emerge at 119, backed by 118.50 and 118.
- 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 Recommended Trades - EUR/USD by E-Forex
Forex Market Outlook on Majors - Forex Market Outlook on Majors by AceTrader
Daily Market Commentary - The market was choppy on Friday, as expected, with the US retail sales report great only the surface by Global Forex Trading Ltd
Currencies at a Glance
- EUR/USD
- Continues to trade around 1.2925
1/15/2007 7:16:19 AM - GBP/USD
- Continues to move up toward 1.9600
1/15/2007 7:24:01 AM - USD/CHF
- Trades below 1.2475
1/15/2007 7:28:48 AM - USD/JPY
- Trades around 120.25
1/15/2007 7:30:46 AM
Charting the Market Movers
EUR USD, Hourly
USD JPY, Hourly
Top Market Movers Preview
UK PPI
| Period | Previous | Consensus | Time |
| December (Output) | 0.0% | 0.1% | Jan 15, 09:30 GMT |
| December (Input) | 0.1% | 0.2% | Jan 15, 09:30 GMT |
Economic Release Alert - Japanese, Australian, UK Inflation Sets Rate Speculation In Motion by FXCM
Factory-level inflation is expected to have accelerated in the UK through December. Economists expect input prices grew 0.2 percent over the period while output prices rose 0.1 percent. These predictions leverage the pinch executives are taking on an inefficient pass through of higher costs to the consumer.
[ Full Story ]- Tony Juste, FX Advisor at FXstreet.com:
"PPI is expected to come out lower than previous readings, and that could just serve as a relief for the BoE woes on inflation. If Prices are less expensive for producers, inflation on the last front (consumer) will also be moderate and will remain under control, thus allowing the Central bank to possibly think of a topping in interest rates at current levels." - FXstreet.com
Euro Zone Industrial Production
| Period | Previous | Consensus | Time |
| November (MoM) | -0.1% | 0.8% | Jan 15, 10:00 GMT |
| November (YoY) | 3.6% | 3.1% | Jan 15, 10:00 GMT |
Friday Notes - EMU IP accelerates again by HVB Group
The strong growth in November German IP should guarantee a good rebound in the aggregate index from the prior -0.1%. Positive indications have also come from some smaller economies. Broadly speaking, we will have further confirmation of the eurozone acceleration in Q4 2006.
[ Full Story ]Top Market Movers Review
US Retail Sales
| Period | Previous | Consensus | Actual |
| December | 1.0% | 0.7% | 0.9% |
Daily Global Commentary - Q4 Retail Sales Supports GDP Headline by Northern Trust
Retail sales grew 0.9% in December after a downwardly revised gain of 0.6% in November, previously estimated as a 1.0% increase. The gain in retail sales during December reflects widespread growth with the exception of the weakness in sales of building materials.
[ Full Story ]- Advance monthly sales for retail trade and food services - U. S. Census Bureau
- US Retail sales grow above expectations; Import Prices also up (FXstreet.com)
- Retail sales up 0.9 percent in December (AFX News)
- US December retail sales up 0.9 pct, largest increase since July (AFX News)