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Derek Frey's Outlook
Expert: Derek Frey
Start: Mon, Jan 8, 15:00 GMT
Sponsored by: 
Type of Session: Webinar
Current Session: Europe - U.S.
EUR/USD
Global FX Daily - European Edition - Global market stability will also affect FX markets by Mellon Foreign Exchange
Last week’s run of US releases, culminating in Friday’s stronger than expected employment report, will mean a risk of more downward pressure on EUR-USD in the short-term. EUR-USD back above 1.3050 would help to stabilise the current situation, although 1.3125 needs to be won back to suggest a resumption of some upside risk.
- 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 Outlook - U.S. Dollar Trading was markedly stronger against the majors in the Friday night by Easy Forex
Wakeup Call on Forex Markets - Surprise in the US Job Report by Saxo Bank
Daily Technical Analysis - EUR: Prices are still struggling to hold by Mizuho Corporate Bank
Majors at a Glance
- EUR/USD
- Continues to trade around 1.3000
1/8/2007 10:54:22 AM - GBP/USD
- Continues to trade around 1.9300
1/8/2007 10:57:17 AM - USD/CHF
- Continues to trade around 1.2350
1/8/2007 11:00:08 AM - USD/JPY
- Continues to trade below 118.50
1/8/2007 11:03:03 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
Australia Retail Sales
| Period | Previous | Consensus | Time |
| November | 0.8% | 0.3% | Jan 8, 00:30 GMT |
Economic Release Alert - Australian Retail Sales (NOV) by FXCM
Retail sales in Australia are expected to have grown 0.3 percent in November, representing what would be the fourteenth consecutive month in which sales passed unchanged or grew. The moderation in spending aligns itself with a number of peripheral indicators. Looking to big ticket items, generally the most sensitive to big trend changes in spending, a downward path has already been marked.
[ Full Story ]Top Market Movers Review
Germany Factory Orders
| Period | Previous | Consensus | Actual |
| November (MoM) | -1.1% | 1.5% | 1.5% |
| November (YoY) | 10.0% | 5.3% | 6.1% |
German Factory orders, up 1.5% in November, as expected by FXstreet.com
Manufacturing orders have increased by 1.5% in November, in line with the experts’ forecasts, according to the latest report released by the German Statistics Office. his reading comes after the 0.8% negative reading of October, which has been upwardly revised from the initially released -1.1%.
[ Full Story ]- German Nov manufacturing orders up 1.5 pct vs Oct (AFX News)
- German Nov machinery, plant new orders up 18 pct yr-on-yr - VDMA (AFX News)
Germany Retail Sales
| Period | Previous | Consensus | Actual |
| November (MoM) | -0.5% | 1.0% | -0.3% |
| November (YoY) | -0.8% | 0.3% | -0.5% |
German Nov retail sales down 0.3 vs Oct, down 0.5 pct yr-on-yr by AFX News
German retail sales were down 0.3 pct in real terms in November compared with October and were 0.5 pct lower than in November last year, according to preliminary figures from the Federal Statistics Office. Analysts polled by AFX News had forecast a 1.0 pct rise in retail sales month-on-month.
[ Full Story ]- Hubertus Pellengar, spokesman for the retailer's association HDE:
"Consumers were particularly keen on entertainment electronics and furniture. Nevertheless, we think that November figures (Germany Retail Sales) are a solid basis for stronger December figures including the Christmas business." - International Herald Tribune