Tuesday, Feb 06, 12:00 GMT
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Special Webinars
How to become a professional trader - How to develop a trading system that works
Expert: Markus Heitkoetter
Start: Tue, Feb 6, 17:00 GMT
Sponsored by: 
Type of Session: Webinar
The FX Trading Desk
Expert: Dave Floyd
Start: Wed, Feb 7, 17:00 GMT
Sponsored by: 
Type of Session: Webinar
Topics
- Charts
- News releases
- Trading styles & techniques
ECB Policy in 2007
Expert: Joseph Trevisani
Start: Thu, Feb 8, 12:45 GMT
Sponsored by: 
Type of Session: Webinar
Topics
- Factors European interest rate policy
- ECB anti-inflation mandate play in rate policy
Current Session: Europe - U.S.
GBP/USD
Daily Technical Analysis - EUR: Trapped between a rock and a hard place by Mizuho Corporate Bank
Looking for direction at historically very high levels yet managing to hold within a relatively narrow range. More of the same this week, with prices probably holding between 1.9500 and 1.9700 most of the time.
- 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:
Global FX Daily - European Edition - Short JPY liquidation risk remains high for now by Mellon Foreign Exchange
Daily Analysis - Yen firms on pre-G7 jitters, dollar up after ISM data by Finotec Group Inc.
Forex Daily Analysis - JPY surges higher on the back of this weekend's G7 Finance Ministers meeting by ForexYard
Majors at a Glance
- EUR/USD
- 1.2920(10) still holding as support
2/6/2007 11:39:00 AM - GBP/USD
- Moves down close to 1.9520 fib level
2/6/2007 11:50:04 AM - USD/CHF
- trading below 1.2480 support
2/6/2007 11:52:42 AM - USD/JPY
- Breaks 120.50 support, next is 119.90
2/6/2007 11:29:48 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
Canada Building Permits
| Period | Previous | Consensus | Time |
| December | 3.0% | -2.0% | Feb 6, 13:30 GMT |
Economic Release Alert - Canadian Building Permits (MoM) (DEC) by FXCM
Canadian building permits will likely cool from their November pace, with analysts predicting a 2 percent decline through December. The domestic housing market has stolen the spotlight as of late, with robust gains buoying otherwise sluggish economic growth through 2006.
[ Full Story ]Top Market Movers Review
Euro Zone Retail Sales
| Period | Previous | Consensus | Actual |
| December (MoM) | 0.5% | 1.1% | 0.3% |
| December (YoY) | 1.4% | 2.5% | 2.1% |
Euro Zone Sees Weak Retail Trade In December by Dow Jones
Euro-zone retail sales were surprisingly weak at the end of 2006, owing to subdued French and Spanish trade, data from the European Union's statistics agency showed Tuesday. Retail sales volume in the area rose 0.3% on the month and increased 2.1% from December 2005, Eurostat said.
[ Full Story ]- Volume of retail trade up by 2.1% in euro area - Eurostat [PDF, 124k]
- Euro Zone Retail sales, weaker than expected (FXstreet.com)
- Euro zone Dec retail sales up 0.3 pct from Nov, up 2.1 yr-on-yr (AFX News)
- German Factory Orders decrease unexpectedly in December (FXstreet.com)