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Next Webinar
What moves currencies? - Trade Balance in sight
Expert: Tony Juste
Start: Wed, Jan 17, 11:00 GMT
Sponsored by: 
Type of Session: Webinar
Topics
- The importance in the exchange rate
- Posible market implications
Current Session: Europe
USD/JPY
US Trading Preview - The Bank of Japan kicks off its two-day monetary policy meeting today by Forexnews.com
The recent string of upbeat US economic data have provided support for the greenback on the premise that the FOMC may delay any intentions to shift to an easing stance until the second half of 2007. The dollar has benefited from such sentiment, rallying to 15-month highs against the yen and remaining firm versus the euro around the 1.29-level.
- 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:
Forex Technical Analysis - EUR/USD:(1.2930) Below the neckline of a ST Double Top by KBC Bank
Today's Technical Trading Points - Today's Technical Trading Points by Danske Bank A/S
Daily Forex Strategy Briefing - Yen Touches 13-Month Low by Global Forex Trading Ltd.
Currencies at a Glance
- EUR/USD
- Moves up above 1.2925
1/17/2007 7:09:30 AM - GBP/USD
- Moves up above 1.9625
1/17/2007 7:11:37 AM - USD/CHF
- Trades slightly above 1.2475
1/17/2007 7:13:43 AM - USD/JPY
- Moves down below 120.75
1/17/2007 7:16:54 AM
Charting the Market Movers
EUR USD, Hourly
USD JPY, Hourly
Top Market Movers Preview
UK Unemployment
| Period | Previous | Consensus | Time |
| December (Jobless Claims) | -3.5K | -5.7K | Jan 17, 09:30 GMT |
| December (Claimant Rate) | 3.0% | 3.0% | Jan 17, 09:30 GMT |
Economic Release Alert - UK Unemployment (DEC) by FXCM
The recent strength in employment trends is expected to have held true through December. Economists' consensus factor in a 5,700-person drop in jobless benefits claims in last month, which would leave the claimant count rate unchanged at 3.0 percent. A few periphery indicators that have already been released provide a muddy picture for the likelihood of a pick up in job growth in December.
[ Full Story ]Euro Zone CPI
| Period | Previous | Consensus | Time |
| December (MoM) | 0% | 0.4% | Jan 17, 10:00 GMT |
| December (YoY) | 1.9% | 1.9% | Jan 17, 10:00 GMT |
Friday Notes - December HICP to rise a tad below 2% by HVB Group
In December, eurozone inflation will stay below 2% for the fourth month in a row. Core inflation is expected to stay at 1.5%. Markets, however, are already concentrated in gauging the January number that will take into account the German VAT hike but that will likely be lower than previously expected thanks to the recent drop in oil prices.
[ Full Story ]Top Market Movers Review
Germany CPI
| Period | Previous | Consensus | Actual |
| December (MoM) | 0.8% | 0.8% | 0.8% |
| December (YoY) | 2.0% | 1.7% | 1.7% |
German CPI increases a yearly 1.7% on energy prices by FXstreet.com
Inflation in Germany has accelerated 1,7% in the year 2006 since the end of 2005, pushed by the increasing price of energy, according to the latest report by German Statistics. Excluding energies, inflation would have grown 0.9% on the year; heating oil prices have risen 11% during the year 2006, and natural gas is now 18% more expensive than in December 05, petroleum prices have increased 6,5%.
[ Full Story ]- Consumer prices in 2006: +1.7% on 2005 - Destatis
- German final 2006 CPI up 1.7 pct vs yr-earlier (AFX News)
Japan Consumer Confidence
| Period | Previous | Actual |
| December | 48.7p | 45.9p |
Japan Dec consumer confidence index 45.9 vs 48.7 in Nov; first drop in 3 months by AFX News
Japan's consumer confidence index fell to 45.9 last month from 48.7 in November, the first decline in three months, the Cabinet Office said. The index hit 50.0 in April, its highest level since June 1990, but has come in below that since. The consumer confidence index is based on replies to a survey asking about four aspects of consumer sentiment: perception of general economic well-being, income growth, employment conditions and willingness to purchase durable goods.
[ Full Story ]