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Current Session: Europe - U.S.

EUR/USD

Global FX Daily - European Edition - FOMC notes â€œtentativeâ€ improvement in housing but also that inflation risks have â€œmoderatedâ€ by Mellon Foreign Exchange

EURUSD perilously close to the key barrier at 1.3050. Gains through there would threaten a push to 1.31, then trendline resistance at 1.32. For choice, the downside is favoured and a rotation towards the lower end of the 1.2865-1.3050 range is preferred.

[ Full Story ]

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

Majors at a Glance

EUR/USD: Trades below 1.3025
2/1/2007 11:27:27 AM
GBP/USD: Moves up above 1.9650
2/1/2007 11:28:56 AM
USD/CHF: Continues to trade below 1.2450
2/1/2007 11:29:42 AM
USD/JPY: Moves down below 120.50
2/1/2007 11:30:33 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. PCE

Period	Previous	Consensus	Time
December (Income)	0.3%	0.5%	Feb 1, 13:30 GMT
December (Spending)	0.5%	0.7%	Feb 1, 13:30 GMT

Friday Notes - Price index moderation in core inflation continues by HVB Group

Core PCE prices have been tracking core CPI movements lately. That will likely persist for December. The entire rise in core PCE inflation in 2006 was attributable to estimated rents. They will taper off as the housing slump bottoms out during the next several months.

[ Full Story ]

U.S. ISM Manufacturing

Period	Previous	Consensus	Time
January	51.4p	51.7p	Feb 1, 15:00 GMT

Economic Release Alert - ISM Manufacturing Keeps US Calendar Upright by FXCM

ISM Manufacturing is expected to inch higher after December's surprise gain, as analysts widely believe that US manufacturing will grow at a very gradual pace through the medium term. Previously sagging demand has been enough to take producers' leftover inventory to alarming levels, but a jump in exports has been enough to leave inventories slightly lower through recent sampling periods.

[ Full Story ]

Top Market Movers Review

Euro Zone Manufacturing PMI

Period	Previous	Consensus	Actual
January	56.5p	56.2p	55.5p

Euroland: Slowdown in manufacturing could halt ECB tightening by Danske Bank A/S

Euroland's manufacturing sector slowed significantly in January. Having surprised on the upside during most of the autumn and causing Euroland to decouple from global trends, January proved to be payback time. Business confidence in the manufacturing sector fell more than expected last month - to 55.5 (expected 56.2) from 56.5 in December.

[ Full Story ]