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Current Session: Europe
EUR/USD
Daily Technical Analysis - EUR: A sustained break above last week's high at 1.3442 targets 1.3475 by Mizuho Corporate Bank
Well bid despite these historically very high levels, yet lagging this month's best performers (Australian dollar and Brazilian real). A sustained break above last week's high at 1.3442 targets 1.3475 and then the all-time high at 1.3670. Implied volatility might then pick up a little further.
- Discover our new blog: Inside technicals and chart patterns by Raghee Horner
- 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 Falls on Worry of Damaged Trade Relations with China by ActionForex.com
Forex Technical Analysis - EUR/USD:(1.3418) Has met 1.3422 (2nd target of MT Daily Double Bottom off 1.2939) by KBC Bank
EUR/USD Daily Outlook - EUR/USD Daily Outlook by AceTrader
Currencies at a Glance
- EUR/USD
- Trades around third resistant at 1.3417
04/10/2007 07:20 GMT - GBP/USD
- Trades above second resistant at 1.9689
04/10/2007 07:20 GMT - USD/CHF
- Trades below first support at 1.2225
04/10/2007 07:20 GMT - USD/JPY
- Drops below third support at 118.98
04/10/2007 07:20 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
US FOMC MINUTES
| Date (GMT) | Event | Cons. | Previous | |
| Apr 11 | 18:00 | FOMC Minutes | - | - |
Friday Notes - Rising risks for us consumption by HVB Group
Investors will look for details on the decision to change the statement. Bernanke told Congress that weakening the rate hike bias was done not to show neutrality (he said an anti-inflation bias is still in force) but to add “flexibility.†To us, that means the Fed may ease at some point, but only in reaction to an economic slowdown that is much worse than experienced up to now.
[ Full Story ]Top Market Movers Review
Germany TRADE BALANCE
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Apr 10 | 06:00 | Trade Balance | 14.2B | 15.4B | 16.2B |
German Feb Trade Surplus EUR14.2B Vs EUR16.2B In Jan (Dow Jones)
Germany's trade surplus shrank more than expected to EUR14.2 billion in February from EUR16.2 billion in January due to strong imports, data released by the Federal Statistics Office showed Tuesday. The market was expecting a EUR15.4 billion surplus in February, according to a Dow Jones Newswires survey of economists.
[ Full Story ]- Read the Trade Surplus report at German Federal Statistics Office
- German Feb trade surplus narrows to 14.2 bln eur vs 16.2 bln in Jan (AFX News)
Japan INTEREST RATE DECISION
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Apr 10 | 04:00 | Interest Rate Decision | 0.5% | - | 0.5% |
Bank of Japan keeps overnight call rate target unchanged (AFX News)
The Bank of Japan kept its overnight call rate target unchanged at 0.5 pct for the second straight meeting, as widely expected by the market. The BoJ said the vote by the nine-member policy board was unanimous. At the conclusion of a two-day board meeting, the board also decided to leave the Lombard rate, at which it lends directly to commercial banks, at 0.75 pct.
[ Full Story ]- Read the Overnight Call Rate Target report at Bank of Japan
- Bank of Japan keeps call rate target unchanged, market awaits Fukui - UPDATE (AFX News)
Economic Events
| Date (GMT) | Country | Event | Actual | Cons. | Previous | |
| Apr 10 | 04:00 | JP | Interest Rate Decision | 0.5% | 0.5% | |
| 05:45 | CH | Unemployment Rate | 2.9% | 3.0% | ||
| 06:00 | JP | BoJ Governor Fukui Speaks | ||||
| 06:00 | DE | Trade Balance | 14.2B | 15.4B | 16.2B | |
| 14:30 | UK | Leading Indicator Index | 0.3% | |||
| 23:01 | UK | BRC Retail Sales Monitor - All (YoY) | 3.3% | |||
| Apr 11 | 12:15 | CA | Housing Starts (YoY) | 196K | ||
| 13:30 | AU | Unemployment Rate | 4.5% | |||
| 14:30 | US | EIA Crude Oil Stocks (Apr 6) | -0.9 | |||
| 18:00 | US | FOMC Minutes (Mar 21) | ||||