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Live Trading with the FX Advisor
Expert: Tony Juste
Start: Fri, Jan 19, 15:00 GMT
Sponsored by: 
Type of Session: Webinar
Current Session: Europe - U.S.
USD/JPY
Daily Forex Technical Report - Dollar to Consolidate Further, USD/JPY Struggling at Resistance by ActionForex.com
USD/JPY retreats mildly after breaking 121.38 resistance (05 high) marginally is still struggling at this resistance. At this point, further rally is still expected to follow as long as USD/JPY stays above 120.45 support. Next upside target will be 100% projection of 114.41 to 119.68 from 117.96 at 123.23
- 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:
Forex Technical Analysis - EUR/USD:(1.2993) Below the neckline of a ST Double Top by KBC Bank
Global FX Daily - European Edition - EUR-USD stabilising - overall downside risk has not passed by Mellon Foreign Exchange
Daily Technical Analysis - JPY: The highest price since March 2003 by Mizuho Corporate Bank
Majors at a Glance
- EUR/USD
- Moves down below 1.2975
1/19/2007 10:35:16 AM - GBP/USD
- Moves down below 1.9750
1/19/2007 10:38:07 AM - USD/CHF
- Moves up above 1.2475
1/19/2007 10:43:03 AM - USD/JPY
- Continues to sideway around 121.25
1/19/2007 10:45:28 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
University of Michigan Survey
| Period | Previous | Consensus | Time |
| January | 91.7p | 92.0 | Jan 19, 15:00 GMT |
Economic Release Alert - University of Michigan Consumer Confidence Survey (JAN P) by FXCM
Consumer sentiment is expected to improve according to the market's consensus for the preliminary read of the University of Michigan's confidence survey. Should the indicator print at 92.0 as predicted, the print would mark the first increase in the survey in three months. More than a few periphery indicators are fueling expectations for an increasingly optimistic disposition this month. Last month's spending indicators are being read as a vote with pocketbooks.
[ Full Story ]Top Market Movers Review
UK Retail Sales
| Period | Previous | Consensus | Actual |
| December (MoM) | 0.3% | 0.6% | 1.1% |
| December (YoY) | 3.2% | 3.2% | 3.7% |
UK Retail Sales grow larger than expected by FXstreet.com
Retail sales have experienced the stronger growth since December 2003, according to the latest data by National Statistics. Retail sales have grown by 1,1% from November and 3.7% in the last 12 months, sharply above the market's expectations of a 0.5% monthly gain and a 3.4% year on year increase.
[ Full Story ]- Strong December sales growth - National Statistics
- UK Dec retail sales up 1.1 pct from Nov, best Dec performance for three years (AFX News)
- UK Dec prov M4 money supply up 12.8 yr-on-yr, M4 lending up 11.0 bln stg (AFX News)
- UK net mortgage lending growth slips to 5.8 bln stg in Dec - BBA (AFX News)
- UK Dec mortgage market falters but approvals still robust - BSA (AFX News)
- Tony Juste, FX Advisor at FXstreet.com:
"UK retail sales data still favours the hopes of an economy in an expansionary mode. The fact that there are not coming any signs of a slowdown on it will make the BoE happy, but I foresee that the trend is just about to reverse, and that currency exchange rates will in the end play its role in the new situation." - FXstreet.com