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Current Session: Europe
EUR/USD
Daily Market Commentary - The dollar advanced versus the European currencies down on Thursday by Global Forex Trading Ltd.
The euro/dollar sank on Thursday as well after reaching the top of its rising consolidation on Tuesday. The pair exited from an inside range and should edge lower again. Key support is at 1.2891. Below 1.2863, the pair has strong support at 1.2820. A close below this level would signal a further significant decline to 1.2760.
- 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 Forex Outlook - U.S. Dollar rose on Thursday by Easy Forex
Daily Recommended Trades - EUR/USD by E-Forex
US Trading Preview - Yen Slips on Soft Inflation by Forexnews.com
Currencies at a Glance
- EUR/USD
- Trades around 1.2925
1/26/2007 6:45:23 AM - GBP/USD
- Trades around 1.9650
1/26/2007 6:46:22 AM - USD/CHF
- Trades around 1.2500
1/26/2007 6:47:16 AM - USD/JPY
- Trades around 121.50
1/26/2007 6:48:11 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
Euro Zone M3 growth
| Period | Previous | Consensus | Time |
| December | 9.3% | 9.1% | Jan 26, 09:00 GMT |
Friday Notes - A threat to price stability by HVB Group
In November, money growth skyrocketed to 9.3% y-o-y from the prior 8.5%, with the 3-month moving average at 8.8% (8.4% in October). A mild downward adjustment is expected for December. However, eurozone liquidity remains by all means abundant and is one of the key factors driving the ongoing ECB tightening.
[ Full Story ]Switzerland UBS Consumption Indicator
| Period | Previous | Consensus | Time |
| December | 1.886 | N/A | Jan 26, 09:00 GMT |
Economic Release Alert - Swiss UBS Consumption Indicator (DEC) by FXCM
Though there is no official consensus for the UBS Consumption Indicator, there is evidence for it to go either way in its December reading. If a contraction is realized, it would provide further evidence that the economy is on track to slow from its extraordinary performance in the first half of the year. As its stands, the Leading Indicators Index for the same period slipped for a sixth consecutive month to its lowest level since the beginning of the year.
[ Full Story ]Top Market Movers Review
Germany import prices
| Period | Previous | Consensus | Actual |
| December (MoM) | -0.4% | -0.1% | -0.3% |
| December (YoY) | 2.8% | 2.4% | 2.2% |
German import prices eased in December by FXstreet.com
Prices of imported products to Germany have edged down 0.3% in December from November, while they increased 2.2% from December 2005, as data from the Federal Statistic Office shows. Imports excluding oil have decreased by 0.4% on the month and 2.7% in the last twelve months.
[ Full Story ]Japan CPI
| Period | Previous | Consensus | Actual |
| December (YoY) | 0.3% | 0.3% | 0.1% |
Overnight Briefing: Far East Timezone - Japanese CPI slows by Jyske Bank
Japanese consumer prices rose less than expected in December from a year ago, adding to doubts over the Bank of Japan's ability to raise interest rates next month, sending the yen lower and bond futures to a one-month high. Japan's core consumer price index (CPI), which excludes volatile fresh food prices, rose 0.1 % in December from a year earlier, government data showed on Friday, less than economists' consensus forecast of a 0.2 % rise.
[ Full Story ]- Consumer Price Index (2005-base) (2006, Japan) - Japanese Statistics Bureau
- Japan Dec CPI weakens case for interest rate hike in Feb (AFX News)
- Japan Dec core CPI up just 0.1 pct yr-on-yr, below forecast (AFX News)
- Yen dips as soft Japan CPI stirs BOJ rate doubts (Reuters)
- US dollar higher vs yen in early Tokyo after tame Japan inflation data (AFX News)