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Current Session: Europe
EUR/USD
Forex Technical Analysis - EUR/USD:(1.3357) Has approached 1.3422 (2nd target of MT Daily Double Bottom off 1.2939) by KBC Bank
New year high has approached 2nd target of the Medium Term daily Double Bottom off 1.2939 (1.3422), with pair currently back above 1.3317 (monthly Downtrendline off 1992 on synthetic charts).
- US data reaction follow-through by Tony Juste
- Check out how the currency moved on Live Currency Rates & Charts at FXstreet.com
- Follow up the most relevant Economic Data in the new Real Time Economic Calendar
- Be up to date with the Latest Forex News
- Read the comments to the latest market moves at our Forex Forum
Other Topics for this Session:
Daily Forex Technical Report - Dollar Focuses on ISM, Aussie Surges on Rate Speculation by ActionForex.com
Daily Market Commentary - The dollar fell sharply on Friday by Global Forex Trading Ltd
Currency Journal: USD down on talk of trade war following sanctions on Chinese paper by Performance Capital
Currencies at a Glance
- EUR/USD
- Moves up back above today's pivot at 1.3347 , below opening price level at 1.3377
04/02/2007 05:16 GMT - GBP/USD
- Trades around opening price level at 1.9690 , above today's pivot at 1.9646
04/02/2007 05:16 GMT - USD/CHF
- Moving down below today's pivot at 1.2157
04/02/2007 05:16 GMT - USD/JPY
- Bounced at 118.00 , now trades below today's pivot at 117.79
04/02/2007 05:16 GMT
Analyst Sentiment Index (ASI)
Analysts Sentiment Index - USD/JPY
**Source : CMS Forex, Danske Bank A/S, FXstreet.com, Global Forex Trading Ltd. , KBC Bank, Mizuho Corporate Bank, Saxo Bank
[ View ASI page ] [ View USD/JPY page ]
Charting the Market Movers
EUR USD, Hourly
USD JPY, Hourly
Top Market Movers Preview
Germany MANUFACTURING PURCHASING MANAGER INDEX
| Date (GMT) | Event | Cons. | Previous | |
| Apr 2 | 07:55 | Manufacturing Purchasing Manager Index | 57.5 | 57.2 |
Friday Notes - ECB to hike key rate to 4.50% by HVB Group
The rise in the Ifo index this week points to an improvement in sentiment among purchasing managers. In the last two months, the PMI had posted a strong decline, which should have been a direct effect of the VAT increase. The persistently high reading for the expectations component included in the Ifo index suggests overall sentiment will remain strong in thecoming months.
[ Full Story ]Top Market Movers Review
Japan TANKAN LARGE MANUFACTURERS INDEX
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Apr 1 | 23:50 | Tankan Non - Manufacturing | 22 | 23 | 22 |
| Apr 1 | 23:50 | Tankan Large All Industry Capex | 2.9% | 1.7% | 12.4% |
| Apr 1 | 23:50 | Tankan Large Manufacturers Index | 23 | 24 | 25 |
| Apr 1 | 23:50 | Tankan Large Mfg Outlook | 20 | 22 | 22 |
| Apr 1 | 23:50 | Tankan Non - Manufacturing Outlook | 23 | 22 | 20 |
Overnight Briefing: Far East Timezone - Tankan report by Jyske Bank
Japanese companies are slightly less optimistic about business conditions than they were three months ago amid growing concerns about the outlook for the U.S. and global economies, a Bank of Japan survey showed on Monday.
[ Full Story ]- Read the TANKAN report at Bank of Japan
- ROUNDUP - Japan March Tankan shows patchy corporate trend, no rate implications (AFX News)
- TABLE: BOJ March Tankan Survey (Dow Jones)
- DATA VIEW:Japan Tankan Weaker,Encourages BOJ To Hold Steady (Dow Jones)
- Yasuhisa Shiozaki, government spokesman: "The report showed Japan's economy continues to experience a mild recovery and the corporate sector is solid." - Finfacts
Economic Events
| Date (GMT) | Country | Event | Actual | Cons. | Previous | |
| Apr 1 | 23:50 | JP | Tankan Large All Industry Capex (1Q) | 2.9% | 1.7% | 12.4% |
| 23:50 | JP | Tankan Large Manufacturers Index (1Q) | 23 | 24 | 25 | |
| 23:50 | JP | Tankan Large Mfg Outlook (1Q) | 20 | 22 | 22 | |
| 23:50 | JP | Tankan Non - Manufacturing Outlook (1Q) | 23 | 22 | 20 | |
| Apr 2 | 07:55 | DE | Manufacturing Purchasing Manager Index (Mar) | 57.5 | 57.2 | |
| 08:00 | EMU | PMI Manufacturing Index (Mar) | 55.6 | 55.6 | ||
| 08:30 | UK | PMI Manufacturing Index (Mar) | 55.5 | 55.4 | ||
| 14:00 | US | Manufacturing Purchasing Manager Index (Mar) | 50.0 | 52.3 | ||
| 14:00 | US | ISM Manufacturing | 52.3 | |||
| Apr 3 | 09:00 | EMU | Producer Price Index (MoM) (Feb) | 0.3% | 0.1% | |