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What moves currencies? - GBP Reaction to UK Data
Expert: Tony Juste
Start: Wed, Apr 25, 10:00 GMT
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Current Session: Europe
EUR/USD
Daily Technical Analysis - EUR/USD: The strongest daily close ever by Mizuho Corporate Bank
The strongest daily close ever but just under the all-time high at 1.3670; this is not a strong chart level so it is just a matter of time before it get blown away. The Euro is overbought and momentum is steadily bullish. For today if we can hold above the 9-day average at 1.3560 upside pressure should increase marginally for another upside push.
- EUR/USD watch (II) 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:
Forex Technical Analysis - EUR/USD:(1.3631) Back above LT channel top off 1.2877 by KBC Bank
Daily Recommended Trades - EUR/USD daily outlook by E-Forex
Currency Majors Technical Analysis - 1,3639. EUR USD is in an uptrend by Mataf.net
Currencies at a Glance
- EUR/USD
- Moves up above 1.3645 , above yesterday high at 1.3642 , toward first resistant level at 1.3671
04/25/2007 06:52 GMT - GBP/USD
- Continues to move up toward first resistant level at 2.0062
04/25/2007 06:52 GMT - USD/CHF
- Moves down below last week low at 1.2001 , below today's pivot at 1.2042
04/25/2007 06:52 GMT - USD/JPY
- Moves down toward first support level at 118.22 , also yesterday low at 118.23
04/25/2007 06:52 GMT
Analyst Sentiment Index (ASI)
Analysts Sentiment Index - USD/JPY
**Source : CMS Forex, Danske Bank A/S, Finotec Group Inc., FXstreet.com, Global Forex Trading Ltd. , KBC Bank, Mizuho Corporate Bank
[ View ASI page ] [ View USD/JPY page ]
Charting the Market Movers
EUR USD, Hourly
USD JPY, Hourly
Top Market Movers Preview
Germany IFO - BUSINESS CLIMATE
| Date (GMT) | Event | Cons. | Previous | |
| Apr 25 | 08:00 | IFO - Business Climate | 107.0 | 107.7 |
US Open Market Points - Euro – Industrial Orders Plunge - Will IFO Follow? by FXCM
The soft numbers from the industrial new orders report therefore put into question the market’s rather optimistic assessment of the IFO survey due tomorrow at 8:00 GMT. Analysts predict a reading of 107.9 - higher than the prior months 107.7 - and within decade long highs of 108.7 set in December of 2006.
[ Full Story ]EMU economic indicators - The German ifo business climate might deteriorate in April by BHF-Bank
UK GROSS DOMESTIC PRODUCT
| Date (GMT) | Event | Cons. | Previous | |
| Apr 25 | 08:30 | Gross Domestic Product (QoQ) | 0.6% | 0.7% |
Friday Notes - Soaring Euro will not stop the ECB by HVB Group
We expect Q1 GDP growth to remain solid, holding steady at 0.7% q-o-q (or 2.9% y-o-y). Production output should have improved while construction activity remained robust. On a less positive note, services sector growth slowed when compared to the previous quarter. But it should remain on a strong footing.
[ Full Story ]Top Market Movers Review
US CONSUMER CONFIDENCE
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Apr 24 | 14:00 | Consumer Confidence | 104.0 | 105.0 | 108.2 |
ECONOMIC REPORT: U.S. April Confidence Lowest Since Last August (Dow Jones)
U.S. consumer confidence fell for the second straight month to its lowest level since last August, the Conference Board reported Tuesday. The consumer confidence index fell to 104.0 in April from a revised 108.2 in March.
[ Full Story ]- Read Consumer Confidence Index Declines at The Conference Board
- CURRENCIES: Dollar Steady Before Housing, Consumer Data (Dow Jones)
- Consumer confidence falls in April (AFX News)
- DATA SNAP: US Conference Board Apr Consumer Confidence Declines (Dow Jones)
Economic Events
| Date (GMT) | Country | Event | Actual | Cons. | Previous | |
| Apr 25 | 08:00 | DE | IFO - Business Climate (Apr) | 107.0 | 107.7 | |
| 08:30 | UK | Gross Domestic Product (QoQ) (1Q)  | 0.6% | 0.7% | ||
| 08:30 | UK | Gross Domestic Product (YoY) (1Q) | 2.8% | 3.0% | ||
| 12:30 | US | Durable Goods Orders (Mar) | 2.5% | 2.5% | ||
| 14:00 | US | New Home Sales (Mar) | 885K | 848K | ||
| 14:30 | US | EIA Crude Oil Stocks (Apr 20) | ||||
| 18:00 | US | Fed's Beige Book | ||||
| 21:00 | NZ | RBNZ Rate Decision | 7.5% | 7.5% | ||
| Apr 26 | 05:00 | JP | Bank of Japan Target Rate Decision (Apr 27) | 0.5% | 0.5% | |
| 06:00 | UK | Nationwide Housing Prices n.s.a (YoY) (Apr) | 9.5% | 9.3% | ||