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Next Webinar
What moves currencies? - USD look-up
Expert: Tony Juste
Start: Tue, Jan 16, 11:00 GMT
Sponsored by: 
Type of Session: Webinar
Topics
- Checking the crosses
- Majors against the greenback
Current Session: Europe
EUR/USD
Daily Forex Technical Report - UK CPI and German Zew in Focus by ActionForex.com
EUR/USD's consolidation from 1.2867 continues. At this point, as long as EUR/USD stays above 1.2909 minor support, further recovery is expected to follow towards 4 hours 55 EMA (now at 1.3002). But upside is expected to be limited by 1.3052 cluster resistance (38.2% retracement of 1.3364 to 1.2867 at 1.3057) and bring decline resumption.
- 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 market was divergent on Monday by Global Forex Trading Ltd
Daily Forex and Dow Jones Recommended Levels - Fxtechtrade by FXtechtrade
Daily Recommended Trades - EUR/USD by E-Forex
Currencies at a Glance
- EUR/USD
- Trades around 1.2950
1/16/2007 6:40:12 AM - GBP/USD
- Moves up above 1.9650
1/16/2007 6:42:02 AM - USD/CHF
- Moves down below 1.2475
1/16/2007 6:44:18 AM - USD/JPY
- Moves down toward 120.25
1/16/2007 6:46:06 AM
Charting the Market Movers
EUR USD, Hourly
USD JPY, Hourly
Top Market Movers Preview
UK CPI
| Period | Previous | Consensus | Time |
| December (CPI YoY) | 2.7% | 2.9% | Jan 16, 09:30 GMT |
| December (RPI YoY) | 3.9% | 4.3% | Jan 16, 09:30 GMT |
Economic Release Alert - UK CPI and German ZEW Likely to Steal the Show by FXCM
As the most potentially market moving news releases of tomorrow's trading sessions, UK Consumer and Retail Price inflation data will likely dominate the ledger for foreign currency trading desks. Given the recent focus on the Bank of England and future of UK interest rates, there is no question that upcoming inflation data could have a pronounced effect of market expectations for the future of BoE interest rate hikes.
[ Full Story ]Germany ZEW
| Period | Previous | Consensus | Time |
| January | -19p | -13p | Jan 16, 10:00 GMT |
Friday Notes - Exiting the trough by HVB Group
The persistently robust economy has recently triggered a further rise in business expectations. The sentix has also moved clearly away from its low. The negative impact of the VAT increase should be digested quickly, supported by the favorable development on the labor market. This should also trigger a renewed rise in the ZEW.
[ Full Story ]Top Market Movers Review
Japan Industrial Production
| Period | Previous | Consensus | Actual |
| November | 1.9% | 0.7% | 0.8% |
Japan Nov industrial output up by a revised 0.8 pct from Oct by AFX News
Industrial output rose a seasonally adjusted 0.8 pct in November from October, higher than the initial estimate of a 0.7 pct gain, according to revised data from the Ministry of Economy, Trade and Industry. The ministry said shipments in November rose a revised 1.9 pct from the previous month, faster than the initial rise of 1.6 pct.
[ Full Story ]- Revised Report on Indices of Industrial Production - Japan Ministry of Economy, Trade and Industry
- Japan Dec wholesale goods price index rises 2.5 pct yr-on-yr; below forecast (AFX News)
- Japanese govt bonds end morning mixed ahead of 5-yr bond auction, rate decision (AFX News)
- Katsuhide Inadome, strategist at Mitsubishi UFJ Securities:
"Given the higher coupon, institutional investors may show a healthy interest in the new debt instrument even before the BoJ begins its two-day policy board meeting, where the nine board members are expected to vote to hike interest rates." - AFX News