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Derek Frey's Outlook
Expert: Derek Frey
Start: Mon, Jan 22, 15:00 GMT
Sponsored by: 
Type of Session: Webinar
Current Session: Europe
USD/JPY
US Trading Preview - The yen’s struggles continue against the euro, sterling and dollar by Forexnews.com
USDJPY holds steady around 121.30, with interim resistance at 121.65, followed by 122 and 122.50. Additional resistance will emerge at 122.80, backed by 123 and 123.40. On the downside, support starts at 121, followed by 120.60 and 120.20. Subsequent floors will emerge at 120, backed by 119.70 and 119.40.
- 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 Market Commentary - The dollar marked time on Friday, when it closed virtually unchanged across the board by Global Forex Trading Ltd.
Daily Forex Outlook - U.S. Dollar Trading focus shifted towards consumer confidence which rose from 91.7 to 98.0 by Easy Forex
Currencies at a Glance
- EUR/USD
- Continues to trade above 1.2950
1/22/2007 7:58:36 AM - GBP/USD
- Moves down below 1.9750
1/22/2007 8:01:18 AM - USD/CHF
- Moves up above 1.2475
1/22/2007 8:03:08 AM - USD/JPY
- Moves up above 121.25
1/22/2007 8:05:57 AM
Charting the Market Movers
EUR USD, Hourly
USD JPY, Hourly
Top Market Movers Preview
U.S. Leading Indicators
| Period | Previous | Consensus | Time |
| December (MoM) | 0.1% | 0.2% | Jan 22, 15:00 GMT |
Friday Notes - Index still points to slower growth by HVB Group
The index of ten leading economic indicators has been barely increasing over recent months, as fluctuations in the various components have tended to be offsetting. The message is that the economy will continue to grow but at only a modest rate.
[ Full Story ]Top Market Movers Review
Germany PPI
| Period | Previous | Consensus | Actual |
| December (MoM) | 0.0% | 0.1% | 0.1% |
| December (YoY) | 4.7% | 4.6% | 4.4% |
German PPI has grown 4.4% in 2006 by FXstreet.com
Producer prices index has grown slightly lower than expected in December, according to the latest data released by the German statistics office Destatis. German producer prices have remained flat on the month, while, during the year 2006 , they have grown by 4.4%, this levels are an inch lower than the 0.1% monthly and 4.5% yearly increase expected by the market.
[ Full Story ]- Producer prices 2006: +5.5% on 2005 - Federal Statistical Office Germany
- German Dec PPI flat with Nov, up 4.4 pct yr-on-yr (AFX News)
Australia PPI
| Period | Previous | Consensus | Actual |
| 4Q (QoQ) | 1.0% | 0.2% | 0.4% |
| 4Q (YoY) | 4.0% | N/A | 3.5% |
Overnight Briefing: Far East Timezone - PPI from Australia by Jyske Bank
Australia's producer prices rose a slight 0.2 % in the fourth quarter as petrol prices retreated, offering some hope that inflationary pressures would slacken this year. The Australian dollar settled into a narrow range against the U.S. currency on Monday, as investors awaited two quarterly domestic inflation reports this week.
[ Full Story ]- Producer Price Indexes, Australia, Dec 2006 - Australian Bureau of Statistics
- Australia Q4 final PPI up 0.2 pct vs 1.0 pct in Q3 (AFX News)
- Australia Dec new vehicle sales rise 0.8 pct from Nov (AFX News)
- David de Garis, senior economist markets at nabCapital:
"Economic activity is still resilient but intense competition, lower oil and a high Aussie dollar are helping contain prices." - Reuters
- Scott Haslem, chief economist at merchant bank UBS:
"The data backed the view there would be no further material acceleration in core price pressures." - The Australian