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Current Session: Europe - U.S.
USD/CHF
Daily Forex Technical Report - Sterling Rebounds, Dollar Retreats by ActionForex.com
USD/CHF continues to struggle below mentioned medium term falling trend line resistance (1.3238 to 1.2768, now at 1.2548). 4 hours MACD is dragged below signal line by the current sideway consolidation. But still, further rally is in favor as long as USD/CHF stays above 1.2486 minor support.
- 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 Analysis - Dollar rebounds against the major as investors take profit by Finotec Group Inc
Forex Daily Analysis - Dollar devaluated on the back of oil price drop -Consumer Confidence might help stop the fall. by ForexYard
Daily Technical Analysis - EUR: Same old story, still struggling under 1.3065 by Mizuho Corporate Bank
Majors at a Glance
- EUR/USD
- Continues to trade above 1.2950
1/30/2007 11:30:35 AM - GBP/USD
- Moves up above 1.9625
1/30/2007 11:37:25 AM - USD/CHF
- Moves up above 1.2525
1/30/2007 6:27:32 AM - USD/JPY
- Trades above 121.75
1/30/2007 6:34:07 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 ]Economic Release Alert - German Consumer Price Index (JAN P) by FXCM
U.S. Consumer Confidence
| Period | Previous | Consensus | Time |
| January | 109.0p | 110.0p | Jan 30, 15:00 GMT |
Economic Release Alert - Consumer Confidence Read Starts Dollar Data Flow by FXCM
US consumer confidence is expected to increase from 109 to 110 in the month of December, which would be the highest level of optimism since May 2002. Confidence should once again be boosted by the combination of low oil prices and jobless claims along with a stock market that is stabilizing not far from its record highs.
[ Full Story ]Forex Daily Analysis - Consumer Confidence might help stop the Dollar fall by ForexYard
Top Market Movers Review
UK Mortgage Lending
| Period | Previous | Consensus | Actual |
| December | £10.034B | N/A | £10.580B |
UK December Mortgage Lending highest on record by FXstreet.com
UK mortgage lending comes in at GBP 10.580 billion, a record high according to the Bank of England; sharply above the GBP 10.034 billion recorded in November. Mortgage approvals however have dropped to 113,000 in December, from 129,000 in November, and below Dow Jones Newswires forecast of 125,500.
[ Full Story ]- Lending to Individuals - BoE
- UK Dec mortgage approvals slumps to 113,000; lowest since April (AFX News)
- UK Dec M4 up monthly 0.9 pct and annual 12.8 pct (AFX News)
UK Nationwide House Prices
| Period | Previous | Consensus | Actual |
| January (MoM) | 1.2% | 0.8% | 0.3% |
| January (YoY) | 10.5% | 10.0% | 9.3% |
European Market Update - UK House Prices Show Their Smallest Increase in 8 Months by Trade The News
Nationwide house prices fell to an eight-month low in the UK suggesting that the three interest rate hikes occurring over the past six months have began to cool down the UK property market. This is the third report suggesting that house-price inflation has began to slow down after reaching levels that weren't seen since early 2005.
[ Full Story ]- First signs of cooling emerge - Nationwide [PDF, 50k]
- UK Nationwide House Prices continue rising (FXstreet.com)
- UK Jan house prices up 0.3 pct vs Dec, lowest rise in 8 mths - Nationwide (AFX News)
- Fionnuala Earley, chief economist at Nationwide:
"The slowdown in the rate of house price growth adds to the growing list of cooling indicators." - Metro.co.uk