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Derek Frey's Outlook
Expert: Derek Frey
Start: Mon, Jan 15, 15:00 GMT
Sponsored by: 
Type of Session: Webinar
Current Session: Europe - U.S.
EUR/USD
Global FX Daily - European Edition - GBP likely to remain firm ahead of tomorrow’s CPI by Mellon Foreign Exchange
EUR-USD has managed to recover off the lows seen on Friday with such lows being close to a line drawn through the highs of Jun, Aug and Nov (this line also being the breakout signal for the late-November rally in EUR-USD). The line currently comes in at 1.2865 and will be seen as a possible base for a recovery after the recent correction.
- 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:
Bank Recomendations - Deutsche Bank, Seb Merchant Banking, Ubs Technical Analysis Team by by Finotec Group Inc
Support, Resistance & Range Forecast by AceTrader
Wakeup Call on Forex Markets - USD Lower Despite Strong US Data by Saxo Bank
Majors at a Glance
- EUR/USD
- Moves up toward 1.2950
1/15/2007 11:24:18 AM - GBP/USD
- Continues to move up above 1.9625
1/15/2007 11:25:54 AM - USD/CHF
- Moves down toward 1.2450
1/15/2007 11:27:11 AM - USD/JPY
- Moves up to trade around 120.50
1/15/2007 11:28:03 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
GBP USD, Hourly
Top Market Movers Preview
U.S. markets closed today due to Holidays.Japan Domestic CGPI
| Period | Previous | Consensus | Time |
| December (MoM) | -0.1% | 0.0% | Jan 15, 23:50 GMT |
| December (YoY) | 2.7% | 2.5% | Jan 15, 23:50 GMT |
Economic Release Alert - Japanese, Australian, UK Inflation Sets Rate Speculation In Motion by FXCM
Producer prices in Japan are expected to recover little from November's pull back. December's Corporate Goods Price Index is expected to remain unchanged, pulling the annual measurement down to a 2.5 percent pace of growth. With raw materials prices remaining weak during the month, there are few underlying price pressures to feed into the larger index.
[ Full Story ]Top Market Movers Review
Euro Zone Industrial Production
| Period | Previous | Consensus | Actual |
| November (MoM) | -0.1% | 0.8% | 0.2% |
| November (YoY) | 3.6% | 3.0% | 2.5% |
Euro Zone Industrial Production, positive but weak by FXstreet.com
Euro Zone's Industrial Production has bounced back to positive levels in November, yet the reading has been weaker than expected, with production of intermediate goods decreasing on the month. Industrial Production has grown by 0.2% in November, as data from the European Stats agency shows, this reading remains sharply below the 0.8% increase expected by the analysts, after two consecutive declining months.
[ Full Story ]- Industrial production up by 0.2% in euro area - Eurostat [PDF, 248Kb]
- Euro zone Nov industrial output up 0.2 pct vs Oct, up 2.5 pct yr-on-yr (AFX News)
UK PPI
| Period | Previous | Consensus | Actual |
| December (Output) | 0.0% | 0.1% | 0.2% |
| December (Input) | 0.1% | 0.2% | 0.1% |
US Open Market Points - Pound Pushed Higher by PPI by FXCM
The big story of the night was in the pound, where UK Input PPI from the month of November was sharply revised upward to 3.5% from 2.8% originally reported. The news shed some light on the reasons behind the BoE surprise rate hike last week.
[ Full Story ]- Factory gate inflation rises to 1.8% - National Statistics
- UK December PPI inches up to add inflation pressure (FXstreet.com)
- UK Dec adjusted input prices up 1.9 pct yr-on-yr, lowest since March 2004 (AFX News)
- London retail sales up 11 pct yr-on-yr in December (AFX News)