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Live Trading with the FX Advisor
Expert: Tony Juste
Start: Fri, Jan 12, 15:00 GMT
Sponsored by: 
Type of Session: Webinar
Current Session: Europe - U.S.
GBP/USD
Global FX Daily - European Edition - GBP remains firm after surprise MPC rate hike –focus is now on next week’s CPI by Mellon Foreign Exchange
GBP is continuing to benefit from yesterday's surprise MPC rate hike, with EUR-GBP falling as low as 0.66235 overnight. The surprise was reflected in the reaction of the money market, which rather than viewing the hike as merely supplanting what was expected for February has moved to discount another 25bp adjustment by the end of Q1.
- 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 Technical Analysis - EUR: Euro dips very fractionally lower for a fourth day in a row by Mizuho Corporate Bank
Daily Forex Commentary - FX – Born to be wild in 2007 by Jyske Bank
Forex Technical Analysis - EUR/USD:(1.2898) Below the neckline of a ST Double Top by KBC Bank
Majors at a Glance
- EUR/USD
- Continues to trade around 1.2900
1/12/2007 11:01:56 AM - GBP/USD
- Continues to move up above 1.9475
1/12/2007 11:03:36 AM - USD/CHF
- Continues to move up toward 1.2500
1/12/2007 11:04:45 AM - USD/JPY
- Continues to trade around 120.50
1/12/2007 11:05:54 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
GBP USD, Hourly
Top Market Movers Preview
U.S. Advanced Retail Sales
| Period | Previous | Consensus | Time |
| December (MoM) | 1.0% | 0.7% | Jan 12, 13:30 GMT |
Economic Release Alert - US Retail Sales Ground Dollar Fundamentals by FXCM
Retailers are expected to have seen sales rise 0.7 percent in December as the American consumer looks to pick up the slack in the economy. Expectations for the second monthly advance come from a number of sources from both the consumer and producer sides of the equation. Businesses may offer a clue to retail activity through the ISM's surveys.
[ Full Story ]- Tony Juste, FX Advisor at FXstreet.com:
"Retail Sales are expected higher in the US as Christmas-period sales tend to be at a good reading. That should just serve as a comfortable support for the Dollar, being boosted against the majors in ligt of good economic data in the US. A bad reading could be interpreted by the market as a sign of low consumer confidence and could turn things the other way arouond, so I will be monitoring data very carefully." - FXstreet.com
Daily Market Briefing - US Dollar (USD) Rally Now Contingent Upon Retail Sales by FXCM
Top Market Movers Review
U.S. Initial Jobless Claims
| Period | Previous | Consensus | Actual |
| Week ending on Jan 6 | 329K | 318K | 299K |
Daily Global Commentary - Seasonal Adjustment Issues Distort Jobless Claims Data by Northern Trust
Initial jobless fell 26,000 to 299,000 during the week ended January 6. According to the Labor Department seasonal factors played a role in distorting the latest weekly readings of initial jobless claims. Continuing claims, which lag initial claims by one week, fell 3,000 to 2.428 million and the insured unemployment rate held steady at 1.9%.
[ Full Story ]- Unemployment insurance weekly claims report - U.S. Department of Labor
- Jobless claims drop more than expected (AFX News)
- Find all the historical data of U.S. unemployment on our economic time series
KBC News Picks - US: Initial claims plunge, but... by KBC Bank