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Current Session: Europe - U.S.
EUR/USD
Forex Daily Analysis - ISM manufacturing - a relief for an injured dollar by ForexYard
The pair dropped from 1.3280 to 1.3160 and has consolidated there at the opening of the European session. Dailies are slightly bullish with hourlies unwinding from neutral territories. Range trading might be in place today through yesterday's range.
- 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 - USD - climbing higher by Jyske Bank
Global FX Daily - European Edition - FOMC minutes do not reveal anything significant by Mellon Foreign Exchange
Wakeup Call on Forex Markets - USD stronger on ISM and FOMC by Saxo Bank
Majors at a Glance
- EUR/USD
- Continues to move down below 1.3100
1/4/2007 12:12:30 PM - GBP/USD
- Continues to move down below 1.9450
1/4/2007 12:14:53 PM - USD/CHF
- Continues to move up above 1.2300
1/4/2007 12:17:08 PM - USD/JPY
- Continues to stay above 119.00
1/4/2007 12:19:16 PM
Analyst Sentiment Index (ASI)
Analysts Sentiment Index - EUR/USD
**Source : 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 CHF, Hourly
Top Market Movers Preview
ISM Non-manufacturing
| Period | Previous | Consensus | Time |
| December | 58.9 p | 57.0p | 15:00 GMT |
The Week Ahead - ISM Manufacturing Index by BBVA Bancomer
The services sector will continue fueling the economy in coming months supported by income and employment growth. We look for the ISM Services Index to stand at 56.5 in December moderating from 58.9 in November, but well above the breakeven mark of 50 percent from which services activity and the overall economy is considered to be generally expanding.
Top Market Movers Review
GfK Consumer Confidence
| Period | Previous | Consensus | Actual |
| December | -7 | -6 | -8 |
Consumer Confidence Falls in December in the UK by FXstreet.com
British consumers were less willing to make big purchases in December, which made the Consumer Confidence survey fall to a level of -8, as the latest survey from GfK NOP shows. According to the survey, consumer confidence declined to -8 from -7 in November, although, always according to the report, consumers outlook for the economy has become more optimistic in the last 12 months, yet they are more reluctant to make big purchases, probably due to the interest rate hikes that took place in the last six months.
[ Full Story ]- GfK Consumer Confidence - GfK NOP [DOC, 68K]
- UK consumer confidence index falls to -8 in Dec vs -7 in Nov (AFX News)
Euro Zone PMI
| Period | Previous | Consensus | Actual |
| December | 57.6p | 59.5p | 57.2p |
Euro Zone Services PMI edges down in December by FXstreet.com
The services PMI of the countries sharing the Euro has reduced slightly in December, according to the last report by Eurostat, nevertheless, the odds for a new rate hike by the ECB remain intact. Services PMI has declined to 57.2 in December from 57.6 in November, although the health of the tertiary sector seems fairly good, and its growing pace is solid, yet somewhat slower than expected, the consensus was around a reading of 57.6. In regards to countries, Germany recorded the best results while France and Italy declined.
[ Full Story ]- Euro zone Dec services PMI falls to 57.2 vs 57.6 in Nov (AFX News)
- UK Services PMI, at nine year high (FXstreet.com)
- UK Dec services sector PMI rises to 60.6; highest since June 1997 (AFX News)
- Spain Dec services sector PMI 58.1 vs 60.4 in Nov (AFX News)
- German Dec services PMI 57.6 vs 56.8 in Nov; consensus 57.5 (AFX News)
- Italy Dec services PMI 55.0 vs 56.2 in Nov (AFX News)
- French Dec services PMI falls to 57.6 vs 58.8 in Nov (AFX News)
- Pound makes only small progress on strong services PMI, consumer lending data (AFX News)
- Euro remains softer after weaker-than-expected services PMI (AFX News)