Wednesday, Jan 31, 12:18 GMT
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Next Special Webinars
Live Coverage of FOMC US Interest Rate Announcement
Expert: Jerry Furst
Start: Wed, Jan 31, 18:30 GMT
Sponsored by: 
Type of Session: Webinar
Topics
- 1:30 pm EST (18:30 GMT) - Before: What makes this scheduled event so important
- 2:15 pm EST (19:15 GMT) - During: Watch the markets react with volatility spiking charts in all markets!
- 2:30 pm EST (19:30 GMT) - After: What Happened and What to Expect Next!
SPECIAL EVENT: Trade Non-Farm Payrolls LIVE - 9th Edition
Expert: Wayne McDonell
Start: Fri, Feb 2, 13:00 GMT
Sponsored by: 
Type of Session: Webinar
Current Session: Europe - U.S.
USD/JPY
Bank Recomendations - Deutsche Bank, CAPITAL MANAGEMENT, REDTOWER RESEARCH by Finotec Group Inc.
USD JPY (121.40) A second day of modest corrective weakness for the dollar could not avoid pushing through the tight downside limit to our bullish strategy. This has pushed the market back into neutral territory, but not necessarily into danger. We must, however, draw attention to the critical support that currently lies at 120.35.
- 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 Daily Analysis - Heavy US calendar today - a 'make or break' for the USD by ForexYard
Global FX Daily - European Edition - USD upside favoured against EUR and GBP by Mellon Foreign Exchange
Daily Market Overview - Fomc policy by Trader College
Majors at a Glance
- EUR/USD
- Moves down below 1.2950
1/31/2007 11:37:36 AM - GBP/USD
- Dropped below 1.9525, now backs around 1.9550
1/31/2007 11:39:14 AM - USD/CHF
- Trades below 1.2550
1/31/2007 11:40:32 AM - USD/JPY
- Trades around 121.50
1/31/2007 11:41:43 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. GDP
| Period | Previous | Consensus | Time |
| 4Q | 2.0% | 3.0% | Jan 31, 13:30 GMT |
Economic Release Alert - Dollar Traders Prepare For Growth Report by FXCM
All eyes will turn to tomorrow's GDP report, as a strong wave of fourth quarter data places great pressure on headline economic growth to impress. The outlook for the world's largest economy has clearly shifted in the past several months, with consensus figures now pointing to the strongest expansion rate since the stellar Q1 5.6 percent print.
[ Full Story ]Wakeup Call on Forex Markets - Will the US GDP Surprise the Markets? by Saxo Bank
U.S. Fed Meeting
| Previous | Consensus |
| 5.25% | On Hold |
Central Banks - Fed Meeting Preview by FXstreet.com
U.S. Government is still worried about inflation, but it's not probable that a rate hike is given on the 30th January's Meeting. The last hike was seen on June '06 when they hiked to the actual 5.25%.
Top Market Movers Review
Switzerland KOF Consumer Confidence
| Period | Previous | Consensus | Actual |
| January | 1.60p | 1.54p | 1.71p |
KOF Indicator edges down to 1.71 in January by FXstreet.com
Swiss KOF leading indicator has dropped to 1.71 from revised 1.75 in December according to the latest report by the Swiss think tank.
[ Full Story ]- KOF homepage
- Swiss Dec KOF economic indicator down at 17.1 points but beats forecasts (AFX News)
- Read the opinion from our Expert, Tony Juste, at The Advisor Blog: USD/CHF intraday chart - after KOF
UK GfK Consumer Confidence
| Period | Previous | Consensus | Actual |
| January | -8p | -9p | -7p |
Consumer Confidence rises in the UK in January by FXstreet.com
December's surprising rate hike does not seem to have affected British consumers to make big purchases in January, although they have reported a less optimistic view on the economic outlook and their personal financial prospects. The latest report on Consumers Confidence by the GfK NOP institute shows an increase to a level of -7 from -8 in the previous month.
[ Full Story ]- Cautious Consumers are looking for good deals on major purchases and to increase savings - GfK NOP [DOC, 68k]
- UK Jan consumer confidence index up 1 point to -7 - GfK/NOP (AFX News)
Eurozone CPI
| Period | Previous | Consensus | Actual |
| January | 1.9% | 1.9% | 1.9% |
European Market Update - Euro-Zone CPI Estimate Remains Below 2.0% for the Fifth Consecutive Month by Trade The News
The European indices are trading lower in today's session weighed down by earnings results that failed to impress investors, along with a serious of downgrades on some major index components.
[ Full Story ]- Euro area inflation estimated at 1.9% - Eurostat [PDF, 36k]
- Inflation in the Eurozone remains unchanged January (FXstreet.com)
- Euro zone Jan prov HICP up 1.9 pct yr-on-yr; consensus 2.1 (AFX News)
- Euro area unemployment down to 7.5% - Eurostat [PDF, 68k]
- Unemployment falls to 7.5% in December in the Euro Zone (FXstreet.com)
- Euro zone Dec unemployment 7.5 pct vs 7.6 in Nov; in line with consensus (AFX News)
- Euro zone Jan economic sentiment indicator 109.2 vs revised 109.8 in Dec (AFX News)
Germany Unemployment
| Period | Previous | Consensus | Actual |
| Jaunary | 9.8% | 9.5% | 9.5% |
German Unemployment Rate decreased larger than expected in January by FXstreet.com
The amount of unemployed workers has receded larger than expected in Germany in January, with a decline of 106,000, from a revised decline of 130,000 in December, according to related sources. The decline has sharply larger than the -40,000 expected by the analysts surveyed by Dow Jones Newswires.
[ Full Story ]- ILO labour market statistics December 2006 - Destatis
- German Unemployment Rate decreased larger than expected in January - OFFICIAL (FXstreet.com)
- German Jan adjusted jobless down 106,000 vs Dec, more than expected (AFX News)
- German Retail Sales; 0.1% up on the year (FXstreet.com)
- German Dec retail sales up 2.4 pct vs Nov, down 0.2 pct yr-on-yr (AFX News)