Wednesday, Jan 31, 09:37 GMT
EUROPEAN Trading Newsletter
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Next Special Webinars
Live Coverage of FOMC US Interest Rate Announcement
Expert: Jerry Furst
Start: Wed, Jan 31, 18:30 GMT
Sponsored by: 
Type of Session: Webinar
Topics
- 1:30 pm EST (18:30 GMT) - Before: What makes this scheduled event so important
- 2:15 pm EST (19:15 GMT) - During: Watch the markets react with volatility spiking charts in all markets!
- 2:30 pm EST (19:30 GMT) - After: What Happened and What to Expect Next!
SPECIAL EVENT: Trade Non-Farm Payrolls LIVE - 9th Edition
Expert: Wayne McDonell
Start: Fri, Feb 2, 13:00 GMT
Sponsored by: 
Type of Session: Webinar
Current Session: Europe
EUR/USD
Daily Technical Analysis - EUR: Too dreary for words, still struggling under 1.3065 by Mizuho Corporate Bank
Too dreary for words: still struggling under 1.3065, trying to form an interim low against the 50% retracement area. For this morning expect yet more basing activity above the 1.2900 level which should lead to a small push higher towards 1.3050.
- 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 Commentary - Fed – Make it happen! by Jyske Bank
Forex Technical Analysis - EUR/USD:(1.2965) Below the neckline of a MT Double Top by KBC Bank
Wakeup Call on Forex Markets - Will the US GDP Surprise the Markets? by Saxo Bank
Currencies at a Glance
- EUR/USD
- Continues to trade around 1.2950
1/31/2007 7:23:56 AM - GBP/USD
- Moves down below 1.9625
1/31/2007 7:26:36 AM - USD/CHF
- Moves up above 1.2550
1/31/2007 7:30:49 AM - USD/JPY
- Continues to move down below 121.50
1/31/2007 7:32:51 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
Switzerland KOF
| Period | Previous | Consensus | Time |
| January | 1.60p | 1.54p | Jan 31, 10:30 GMT |
- Tony Juste, FX Advisor at FXstreet.com:
"Swiss KOF could mark a turning point for the CHF, as it could provide support to the hawkish town used by the SNB in recent weeks (totally ignored by the market). A good reading could signal the swiss economy may be ready for an imminent rate hike, and that should make the course of action for CHF bears much more difficult." - FXstreet.com
Top Market Movers Review
Japan manufacturers' PMI
| Period | Previous | Consensus | Actual |
| January | 53.1p | N/A | 53.4p |
Overnight Briefing: Far East Timezone - Japan manufacturers' PMI by Jyske Bank
Manufacturing activity in Japan picked up slightly in January as orders for Japanese goods from abroad rose firmly while output and domestic demand remained weak, a survey showed on Wednesday.
[ Full Story ]- Japan Dec orders received by 50 largest contractors down 5.6 pct yr-on-yr (AFX News)
- Japan Dec housing starts up 10.2 pct yr-on-yr, above market forecast (AFX News)
- Japan Dec employee average pay down 0.6 pct, overtime pay up 1.6 pct yr-on-yr (AFX News)
- Japan's Dec coincident index seen above 50 for 3rd straight mth - report (AFX News)