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Current Session: Europe - U.S.
EUR/USD
Daily Forex Technical Report - All Eyes on ECB by ActionForex.com
EUR/USD rise from 1.2911 extends further to 1.3025 today and is now pressing falling trend line resistance (1.3296 to 1.3062, now at 1.3024). At this point, further rise cannot be ruled out as long as 1.2972 minor support holds. But after all, EUR/USD is still bounded in established range of 1.2865 and 1.3052.
- 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 Technical Analysis - JPY: Bouncing a little more strongly than we had expected by Mizuho Corporate Bank
Global FX Daily - European Edition - Haru comments underpin weaker JPY by Mellon Foreign Exchange
Forex Daily Analysis - Rate Decisions in Europe and in Great Britain Today, No Surpises Are Expected. by ForexYard
Majors at a Glance
- EUR/USD
- Breaks back below 1.2990 support
2/8/2007 1:12:34 PM - GBP/USD
- Fighting to stay above 1.9665 support
2/8/2007 1:13:59 PM - USD/CHF
- Rallies past 1.2480 resistance level
2/8/2007 11:38:57 AM - USD/JPY
- Breaks past 121 again
2/8/2007 11:43:47 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
G7 Meeting
Special Coverage - G7 Meeting by FXstreet.com
This G7 meeting will have in the current Yen weakness one of the main topics to discuss, although initially was taken out of the agenda. German and some U.S. voices have insisted in put this topic in the list of debated issues at the meeting, as a means to reach an agreement and find some balance with Yen quotations.
Top Market Movers Review
ECB Rate Decision
| Previous | Actual |
| 3.50% | On Hold at 3.50% |
ECB Leaves All Key Interest Rates Unchanged by Dow Jones
The European Central Bank kept interest rates on hold Thursday, leaving the key policy rate untouched at 3.50%, as expected. The ECB didn't provide any rationale for the decision, but ECB President Jean-Claude Trichet will comment on the decision at a press conference set for 1330 GMT.
[ Full Story ]- Monetary policy decisions - ECB
- ECB leaves Key Interest Rates unchanged (FXstreet.com)
- Euro steady after ECB leaves rates unchanged as expected (AFX News)
- Euro eyes Trichet, yen weakens as G7 nerves settle (Reuters)
BOE Rate Decision
| Previous | Actual |
| 5.25% | On Hold at 5.25% |
The Bank of England leaves rates unchanged at 5.25% by FXstreet.com
The Monetary Policy Setting Committee has decided to leave interest rates at 5.25% after their monthly meeting as it was widely expected by the market.
[ Full Story ]