Wednesday, Feb 07, 12:01 GMT
U.S. Trading Newsletter
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Special Webinars
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.
USD/JPY
Daily Forex Technical Report - Paulson's Comments Sent Dollar and Yen Lower by ActionForex.com
Despite edging lower to 119.94, USD/JPY still lacks the decisive downside momentum to go further and struggles in tight range. But still, as discussed before, a short term top should be formed at 122.17, after subsequent fall has taken out short term rising channel and with bearish divergence condition remaining in 4 hours MACD and RSI.
- 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
Daily Trade Analysis - EURUSD might take a short retracement dip by AMZ Capital
Forex Daily Analysis - Today's data may move the USD back to 2007 lows! by ForexYard
Majors at a Glance
- EUR/USD
- Ranging between 1.2970 and 1.2990
2/7/2007 10:05:23 AM - GBP/USD
- Unable to break 1.9705 resistance level
2/7/2007 10:07:23 AM - USD/CHF
- Holds 1.2375 support
2/7/2007 10:43:07 AM - USD/JPY
- Testing 120.60 handle again
2/7/2007 10:11:24 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
New Zealand Unemployment
| Period | Previous | Consensus | Time |
| December (4Q) | 3.8% | 3.8% | Feb 7, 21:45 GMT |
Economic Release Alert - New Zealand Unemployment (4Q) by FXCM
Economists predict that the New Zealand economy added jobs through year-end 2006, as a Q3 decline left room for a modest rebound. Though forecasts of 3.8 percent unemployment are still above Q2 record-lows of 3.6 percent, strength in employment remains one of the primary drivers of domestic economic growth.
[ Full Story ]Top Market Movers Review
UK Industrial Production
| Period | Previous | Consensus | Actual |
| December (MoM) | 0.5% | 0.1% | -0.1% |
European Market Update - UK Industrial and Manufacturing Production are Mixed in December by Trade The News
Industrial production for the month of December fell below estimates in the UK, while manufacturing production exceeded analyst estimates. Most notable was the upward revision to November's y/y manufacturing production figure, bringing it up to 2.6% making it the highest since June of 2004.
[ Full Story ]- Manufacturing: unchanged in Q4 - National Statistics
- UK Industrial production edges down in December, Manufacturing grows (FXstreet.com)
- UK Industrial Production Table of Data For December (Dow Jones)
- UK Dec industrial production down 0.1 pct from Nov, reduced by new gas imports (AFX News)
- BRC January Shop Prices Index, Not as good as last year (FXstreet.com)
- UK shop price inflation moderates in January - BRC (AFX News)