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Derek Frey's Outlook
Expert: Derek Frey
Start: Mon, Jan 22, 15:00 GMT
Sponsored by: 
Type of Session: Webinar
Current Session: Europe - U.S.
EUR/GBP
Daily Forex Commentary - GBP - supported by Jyske Bank
Despite the fact that EUR/GBP is trading in extremely oversold territory right now, we are holding on to our bought GBP position just yet. First major target on the downside is 65.00 - 65.35 in EUR/GBP. On the other hand, in order to acknowledge the fact that GBP is screaming for a short term correction lower.
- 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:
Global FX Daily - European Edition - JPY soft after Nakagawa comments, but key levels should hold ahead of CPI by Mellon Foreign Exchange
Daily Forex Technical Report - Quiet Start to the Week by ActionForex.com
Wakeup Call on Forex Markets - Commodities in Focus on Quiet Monday. by Saxo Bank
Majors at a Glance
- EUR/USD
- Trades around 1.2950
1/22/2007 11:33:10 AM - GBP/USD
- Continues to trade below 1.9750
1/22/2007 11:34:48 AM - USD/CHF
- Continues to move up above 1.2500
1/22/2007 11:36:47 AM - USD/JPY
- Continues to move up above 121.50
1/22/2007 11:38:34 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. Leading Indicators
| Period | Previous | Consensus | Time |
| December (MoM) | 0.1% | 0.2% | Jan 22, 15:00 GMT |
Friday Notes - Index still points to slower growth by HVB Group
The index of ten leading economic indicators has been barely increasing over recent months, as fluctuations in the various components have tended to be offsetting. The message is that the economy will continue to grow but at only a modest rate.
[ Full Story ]The Week Ahead - Leading Economic Indicator Index by BBVA Bancomer
Top Market Movers Review
Germany PPI
| Period | Previous | Consensus | Actual |
| December (MoM) | 0.0% | 0.1% | 0.1% |
| December (YoY) | 4.7% | 4.6% | 4.4% |
German PPI has grown 4.4% in 2006 by FXstreet.com
Producer prices index has grown slightly lower than expected in December, according to the latest data released by the German statistics office Destatis. German producer prices have remained flat on the month, while, during the year 2006 , they have grown by 4.4%, this levels are an inch lower than the 0.1% monthly and 4.5% yearly increase expected by the market.
[ Full Story ]- Producer prices 2006: +5.5% on 2005 - Federal Statistical Office Germany
- German Dec PPI flat with Nov, up 4.4 pct yr-on-yr (AFX News)
- German economic recovery continued in Q4 - Buba (AFX News)
- Swiss Dec PPI unchanged vs November, in line with expectations (AFX News)