Thursday, Jan 25, 08:06 GMT
EUROPEAN Trading Newsletter
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Next Webinar
What moves currencies? - BoJ rate decision impact
Expert: Tony Juste
Start: Thu, Jan 25, 11:00 GMT
Sponsored by: 
Type of Session: Webinar
Topics
- Economic analysis
- Market impact
Current Session: Europe
USD/JPY
US Trading Preview - Euro Holds Above Support by Forexnews.com
USDJPY hovers around 120.50, with support seen at 120.20, followed by 120 and 119.75. Subsequent floors are eyed at 119.40, backed by 119 and 118.60. Gains will target interim resistance at 120.70, followed by 121 and 121.20. Additional ceilings will emerge at 121.50, backed by 121.80 and 122.
- 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
Forex Technical Analysis - EUR/USD:(1.2963) Reapproached the neckline of a MT Double Top by KBC Bank
Daily Forex and Dow Jones Recommended Levels - Fxtechtrade by FXtechtrade
Currencies at a Glance
- EUR/USD
- Continues to trade below 1.2975
1/25/2007 6:03:42 AM - GBP/USD
- Moves down below 1.9675
1/25/2007 6:07:16 AM - USD/CHF
- Trades around 1.2475
1/25/2007 6:10:11 AM - USD/JPY
- Moves down below 120.50
1/25/2007 6:12:32 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
Germany IFO
| Period | Previous | Consensus | Time |
| January (Business Climate) | 108.7 | 109.0 | Jan 25, 09:00 GMT |
| January (Expectations) | 102.5 | 103.0 | Jan 25, 09:00 GMT |
Economic Release Alert - German IFO (JAN) by FXCM
The January reading of the German IFO survey of business climate is anticipated to rise to a record of 109.0 after oil prices dropped and the country's benchmark equity index rallied to a six-year high. The decline in crude oil to near $50/bbl and signs that US economic growth has failed to let up helped reinforce the view that the German expansion will withstand Chancellor Angela Merkel's VAT hike to 19 percent from 16 percent.
[ Full Story ]Top Market Movers Review
Germany GfK
| Period | Previous | Consensus | Actual |
| February | 8.7p | 8.4p | 4.8p |
VAT hike pushes consumer confidence down in Germany by FXstreet.com
German consumer confidence retreated sharply after the Value-added-tax was raised to 19%, according to the latest survey released by the GfK research group. The forward looking consumer indicator for February slumped by 4.8 points after a revised 8.5 in January; which was corrected from the initial 8.7 points.
[ Full Story ]- Consumer climate: forecast weakness sets in - GfK
- GfK sees German Feb consumer climate index slump to 4.8 pts from 8.5 in Jan (AFX News)
China GDP
| Period | Previous | Consensus | Actual |
| 2006 | 10.4% | 10.5% | 10.7% |
China 2006 GDP presents 'reasonable' picture of economy - BNP Paribas by AFX News
China's 2006 GDP growth of 10.7 pct presents a more realistic picture of actual economic activity in than the indicators announced in recent years, according to Chen Xingdong, an economist with BNP Paribas.
[ Full Story ]- The National Economy Maintained a Steady and Fast Growth in 2006 - National Bureau of Statistics of China
- China 2006 GDP growth at 10.7 pct -statistics bureau (AFX News)
- China Dec CPI rise may stir inflation worry, prompt early rate hike - StanChart (AFX News)
- China 2006 industrial firms' profits up 31 pct at 1.88 trln yuan (AFX News)
- China 2006 total retail sales up 13.7 pct (AFX News)
RBNZ Rate Decision
| Previous | Movement |
| 7.25% | On Hold |
Daily Global Commentary - New Zealand: When Will The Reserve Bank Consider A Rate Cut? by Northern Trust
The Reserve Bank of New Zealand (RBNZ) last raised the Official Cash Rate (OCR) in December 2005 to its current 7.25%, with a hawkish policy outlook in light of ongoing inflationary pressures and a heated housing market. Thirteen months after that last rate hike, conditions have changed significantly, and the consensus suggests that the RBNZ will adopt a somewhat more neutral tone at Thursday's policy meeting.
[ Full Story ]- OCR unchanged at 7.25 percent - Reserve Bank of New Zealand
- NZealand central bank leaves official cash rate at 7.25 pct (AFX News)