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Current Session: Europe - U.S.
USD/JPY
Global FX Daily - European Edition - JPY remains under pressure – data due tonight by Mellon Foreign Exchange
USD-JPY is also showing well at the current time and any establishment above 122 today would introduce fresh upside risk. The 124.50-125.00 area remains favoured over the coming month, although there are some potential obstacles.
- 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:
Technical Summary for Majors - Technical Summary for Majors by Windsor Brokers Ltd
Bank Recomendations - Deutsche Bank, COMMERZBANK, SEB MERCHANT BANKING by Finotec Group Inc.
Forex Technical Analysis - EUR/USD:(1.2906) Below the neckline of a MT Double Top by KBC Bank
Majors at a Glance
- EUR/USD
- Moves up above 1.2900
1/29/2007 10:36:38 AM - GBP/USD
- Continues to trade below 1.9600
1/29/2007 10:39:31 AM - USD/CHF
- Continues to trade above 1.2525
1/29/2007 10:42:19 AM - USD/JPY
- Continue to move up toward 122.00
1/29/2007 10:46:12 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
Germany CPI
| Period | Previous | Consensus | Time |
| January (MoM) | 0.8% | 0.2% | Jan 30, along the evening |
| January (YoY) | 1.4% | 2.0% | Jan 30, along the evening |
Friday Notes - Moderate inflation trend by HVB Group
Price increases related to the VAT hike should have put clear pressure on consumer prices. As a result, the uncertainty in January is very high. Because of the usual, strong seasonal decline in prices for package holidays and the further pullback in energy prices, we expect prices to be almost unchanged overall m-o-m.
[ Full Story ]Top Market Movers Review
UK CBI Retail Sales
| Period | Previous | Consensus | Actual |
| January | +25p | +9p | +30p |
UK CBI Retail Sales rise to two year high by FXstreet.com
Retail sales have jumped in January at an unexpected extent to the highest level in two years, according to the latest survey by the Confederation of British Industry. A balance of +30 retailers have reported higher sales in January, in the monthly distributive sales survey, comparing with the +25 reading from December, January's level is the highest since December 2004.
[ Full Story ]- Strong New Year sales High boosts Street - CBI
- UK Jan retail sales balance +30 pct, highest since Dec 2004 - CBI (AFX News)
- UK inflation expectations rise further in January - Citigroup/YouGov survey (AFX News)
- Tony juste, FX Advisor at FXstreet.com:
"The BoE may be pleased with the 2-year high posted by the CBI data on retail sales. Analysts were anticipating a drop, which should've caused a rise in GBP, but the opposite has happened and that leads me to think that previous rise in UK currency was expectations-lead, and that when the actual news come out they will not have that much of a positive impact to the currency." - FXstreet.com
- John Longworth, executive director at ASDA and chairman at CBI's retailing panel:
"The pre-Christmas growth in year-on-year sales volume has carried convincingly through into January sales." - AFX News