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Next Webinar
What moves currencies? - Wrapping-up the week
Expert: Tony Juste
Start: Fri, Jan 19, 11:00 GMT
Sponsored by: 
Type of Session: Webinar
Topics
- Where to from here?
- Market activity
Current Session: Europe
USD/JPY
Daily Market Commentary - The star remains the sterling/yen, with both dollar/yen and sterling/dollar rallying steadily by Global Forex Trading Ltd
Dollar/yen rallied strongly after the BoJ failed to act up on its inference and held its benchmark interest rate at 0.25 percent instead. The all too powerful government officials got involved once again - there goes the independence of the central bank.
- 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
Daily Forex Strategy Briefing - Yen Falls as BOJ Delays Rate Rise by CMS Forex
European and US summary - The yen slumped broadly after the Bank of Japan announced by Forexnews.com
Currencies at a Glance
- EUR/USD
- Trades above 1.2975
1/19/2007 6:44:15 AM - GBP/USD
- Moves up to trade around 1.9750
1/19/2007 6:49:24 AM - USD/CHF
- Trades below 1.2475
1/19/2007 6:53:41 AM - USD/JPY
- Sideways around 121.25
1/19/2007 6:58:40 AM
Charting the Market Movers
EUR USD, Hourly
USD JPY, Hourly
Top Market Movers Preview
UK Retail Sales
| Period | Previous | Consensus | Time |
| December (MoM) | 0.3% | 0.5% | Jan 19, 09:30 GMT |
| December (YoY) | 3.2% | 3.2% | Jan 19, 09:30 GMT |
Friday Notes - Volatile retail sales by HVB Group
Leading indicators of household spending in November point to a significant rebound in retail sales growth, with both the Confederation of British Industry distributive trade survey and British Retail Consortium monitor picking up markedly from the previous month, in the wake of colder weather and discounts. We expect retail sales growth to accelerate in December, posting a 0.8% m-o-m increase.
[ Full Story ]Top Market Movers Review
Philadelphia Fed
| Period | Previous | Consensus | Actual |
| January | -4.3p | 3.0p | 8.3p |
Philadelphia Fed index rises in January, to 8.3 from -2.3 in Dec by AFX News
The manufacturing sector in the Philadelphia region started the year on a positive note, according to the Federal Reserve Bank of Philadelphia. The Philadelphia Fed index of manufacturing moved into positive territory, to 8.3 from -2.3 in December. The rise beat expectations.
[ Full Story ]- Manufacturers See Slight Increase in Activity - Federal Reserve Bank of Philadelphia
- Bernanke warns budget could hurt economy (AFX News)
- Bernanke: Retiring boomers pose risk (AFX News)