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Special Webinar
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Expert: Ed Ponsi
Start: Tue, Jan 30, 17:00 GMT
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Type of Session: Webinar
Current Session: Europe - U.S.
EUR/USD
Global FX Daily - European Edition - USD generally strong as US yields rise – next week's events being eyed by Mellon Foreign Exchange
EUR-USD remains within key parameters at 1.2865 and 1.3050, although the USD has been generally strong overnight (the main move was in the US afternoon) as rising US yields (10-yr yield at 5-month high) weighed on existing long positioning on EUR-USD.
- 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 Commentary - FX – Listen to the grapevine by Jyske Bank
Wakeup Call on Forex Markets - Japanese CPI low as we Expected by Saxo Bank
Daily Forex Technical Report - Yen Lower after Weak CPI, Dollar Awaits Durable Goods and Housing by ActionForex.com
Majors at a Glance
- EUR/USD
- Continues to trade around 1.2925
1/26/2007 9:50:01 AM - GBP/USD
- Moves down below 1.9625
1/26/2007 9:54:21 AM - USD/CHF
- Continues to trade around 1.2500
1/26/2007 9:59:04 AM - USD/JPY
- Continues to trade around 121.50
1/26/2007 10:03:16 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. Durable Goods Orders
| Period | Previous | Consensus | Time |
| December (MoM) | 1.9% | 3.0% | Jan 26, 13:30 GMT |
| December (Ex Transportation) | -1.1% | 0.5% | Jan 26, 13:30 GMT |
Economic Release Alert - Durable Orders Look To Extend US Strength by FXCM
US Durable Goods Orders look to improve off of recently dismal results, with analysts predicting a 0.5 percent Ex-transportation gain through the month of December. If predictions prove to be correct, it will be only the second time in six months that the number remains in positive territory, underlining the risks to US industrial production and consumer demand.
[ Full Story ]U.S. New Home Sales
| Period | Previous | Consensus | Time |
| December | 1047K | 1053K | Jan 26, 15:00 GMT |
Friday Notes - Homebuilding recession continues by HVB Group
Homebuilders are struggling to unload unwanted inventory and are offering deep discounts. Note that the Census Bureau's series on new home sales understates the degree of pressure on the housing market because it fails to adjust for the huge 35% rate of cancellations of signed contracts that builders are suffering.
[ Full Story ]Top Market Movers Review
Eurozone M3 Money Supply
| Period | Previous | Consensus | Actual |
| December | 9.3% | 9.2% | 9.7% |
European Market Update - Euro-Zone M3 Growth Nears 17-Year High by Trade The News
The European indices are currently under water and have been so since the open as declining metal prices dragged down the mining stocks, and mixed earnings results were unable to generate any upward momentum.
[ Full Story ]- Monetary developments in the euro area - ECB [PDF 112k]
- Eurozone M3 money supply grows to a record high (FXstreet.com)
- Euro zone M3 growth accelerates to 9.7 pct in Dec (AFX News)
Germany import prices
| Period | Previous | Consensus | Actual |
| December (MoM) | -0.4% | -0.1% | -0.3% |
| December (YoY) | 2.8% | 2.4% | 2.2% |
German import prices eased in December by FXstreet.com
Prices of imported products to Germany have edged down 0.3% in December from November, while they increased 2.2% from December 2005, as data from the Federal Statistic Office shows. Imports excluding oil have decreased by 0.4% on the month and 2.7% in the last twelve months.
[ Full Story ]