Friday, Feb 02, 09:45 GMT
EUROPEAN Trading Newsletter
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- FORUM POLL: Where do you think the market will go after NFP is released?
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Special Webinar
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
USD/JPY
Daily Market Commentary - The most important economic report - the US non-farm payrolls report - is due on Friday by Global Forex Trading Ltd.
Dollar/yen spiked down on Thursday, as expected, but closed virtually unchanged. The upside is now favored, but more information is needed here. Below 120.55, the key support level remains at 120.15. Dollar/yen retains good support at 119.65 from a 50-pip pivot, which targets 120.15 and 119.15.
- 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:
US Trading Preview - All Eyes on US Jobs Data by Forexnews.com
Daily Recommended Trades - EUR/USD outlook by E-Forex
Daily Forex Strategy Briefing - USD is Flat, Awaiting Employment Data by CMS Forex
Currencies at a Glance
- EUR/USD
- Trading sideways around 1.3015
2/2/2007 9:34:27 AM - GBP/USD
- Continues to move up toward 1.9700
2/2/2007 8:26:46 AM - USD/CHF
- Moves down below 1.2425
2/1/2007 2:29:57 PM - USD/JPY
- Breaks downtrend line, eyes 121.10
2/2/2007 8:29:47 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 PPI
| Period | Previous | Consensus | Time |
| December (MoM) | 0.0% | 0.0% | Feb 2, 10:00 GMT |
| December (YoY) | 4.3% | 4.1% | Feb 2, 10:00 GMT |
Economic Release Alert - Euro-Zone Producer Price Index (DEC) by FXCM
Inflation across the Euro-Zone measured at the factory gate is expected to slow to a more tepid annual rate of growth in December at 4.1 percent as the monthly rate is anticipated to stagnate.
[ Full Story ]Top Market Movers Review
Australia Trade Deficit
| Period | Previous | Consensus | Actual |
| December | -A$0.843B | -A$1.000B | -A$1.340B |
Asia Market Update - Drought hurts Aussie exports as trade deficit widens more than expected by Trade The News
Australia December's trade deficit widened more than expected (Dec Trade Balance: -1.34B v -1.0Be) and the November trade deficit was revised lower (-897M from -843M prior) as declines in commodities prices hurt exports. Aussie grain exports fell to a 15mnth low as the drought continues to weigh on the Aussie economy.
[ Full Story ]- International Trade in Goods and Services - Australian Bureau of Statistics
- Australia Dec trade deficit wider vs Nov at 1.336 bln aud (AFX News)
- Australia Dec Trade Deficit A$1.34B (Dow Jones)
Overnight Briefing: Far East Timezone - Australia trade deficit widens to AUD1.34 billion by Jyske Bank