Wednesday, Jan 24, 09:46 GMT
EUROPEAN Trading Newsletter
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Next Webinar
What moves currencies? - Analyzing today's data
Expert: Tony Juste
Start: Wed, Jan 24, 11:00 GMT
Sponsored by: 
Type of Session: Webinar
Topics
- UK and Europe data
- Preview of US data
Current Session: Europe
EUR/USD
Daily Market Commentary - The dollar made a collapsing decline versus the European currencies by Global Forex Trading Ltd.
The euro/dollar unexpectedly broke above 1.3020 and this revived its uptrend. The pair reached the top of its rising consolidation; this suggests a pullback before the next move up. Above Tuesday's high of 1.3044 resistance comes at 1.3060 and 1.3090. Next level is 1.3130. Distant resistance is at 1.3240.
- 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
US Trading Preview - The pound sterling continues to firm across the board by Forexnews.com
Daily Forex Outlook - U.S. Dollar Trading fell against major currencies reaching a 14 year low against the sterling by Easy Forex
Currencies at a Glance
- EUR/USD
- Continues to trade above 1.3000
1/24/2007 6:42:50 AM - GBP/USD
- Continues to move down below 1.9800
1/24/2007 6:45:53 AM - USD/CHF
- Moves up above 1.2425
1/24/2007 6:48:26 AM - USD/JPY
- Drops below 121.50
1/24/2007 6:52:15 AM
Analyst Sentiment Index (ASI)
Analysts Sentiment Index - EUR/USD
**Source : CMS Forex, Danske Bank A/S, FXstreet.com, Global Forex Trading Ltd. , KBC Bank, Mizuho Corporate Bank
[ View ASI page ] [ View EUR/USD page ]
Charting the Market Movers
EUR USD, Hourly
USD JPY, Hourly
Top Market Movers Preview
UK GDP
| Period | Previous | Consensus | Time |
| 4Q (QoQ) | 0.7% | 0.7% | Jan 24, 09:30 GMT |
| 4Q (YoY) | 2.9% | 2.9% | Jan 24, 09:30 GMT |
Economic Release Alert - UK GDP and RBNZ Meeting to Take Center Stage by FXCM
UK GDP is expected to increase by 2.9% for the second straight month, the highest pace of growth in two years. Strong numbers for the year's last quarter were led by services and consumer spending. Services expanded by the fastest pace in a decade, accounting for three quarters of the economy.
[ Full Story ]Top Market Movers Review
China Tertiary Sector
China's 2006 tertiary sector growth at 11.4 pct - tax official by AFX News
China's growth in the tertiary sector of the economy in 2006 was estimated at 11.4 pct, a senior tax official said. Growth for the primary and secondary sectors was estimated at 7.1 pct and 14.9 pct, respectively, said Wang Li, deputy director of the State Administration of Taxation. The statistics bureau revised the 2005 figures yesterday.
[ Full Story ]