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Current Session: Europe - U.S.
USD/JPY
Forex Trading Strategies - Focus on the JPY and G7 by by Saxo Bank
USD/JPY techniocal picture remains bullish both on a daily and weekly basis, but a close above 122.40 61% retracement (from 135.18-101.68) is needed to accelerate the upside, which would give scope for a test of 125.70, the highs from October 2002.
- 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:
Mid-Day Forex Technical Report - Sterling Tumbles Further, Euro Still in Range by ActionForex.com
Daily Forex Forecast - Daily Forex Forecast by FXDream
Daily Technical Briefing - Dollar Bull Returns - Will It Stay? by FXCM
Majors at a Glance
- EUR/USD
- Testing 1.2990 support
2/9/2007 2:07:06 PM - GBP/USD
- Dives to 1.9460
2/9/2007 2:18:20 PM - USD/CHF
- Still below 1.2510
2/9/2007 2:19:12 PM - USD/JPY
- Floating around 121.50
2/9/2007 2:15:26 PM
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.
- Register now to our Webinar What moves currencies? - G7 Watch with our expert Tony Juste
Top Market Movers Review
Canada Unemployment
| Period | Previous | Consensus | Actual |
| January | 6.1% | 6.1% | 6.2% |
Canadian Jobless rate edges up in January by FXstreet.com
The percentage of unemployed workers in Canada has increased slightly in January, to 6.2% from 6.1% in December, according to the latest report by StatsCan. The net change in employment, however, came out much better than expected, with 88,900 new employments to an amount of 16,729,300 from 16,640,400.
[ Full Story ]- Labour Force Survey - StatsCan
- Canada Jan unemployment rises 0.1 pct point to 6.2 pct (AFX News)
- Canada Morning: C$ Up Sharply After Robust Jan Jobs Data (Dow Jones)
UK Trade Deficit
| Period | Previous | Consensus | Actual |
| December | £-7.193B | -6.9B | £-7.1B |
European Market Update - UK Trade Deficit Widens in December by Trade The News
The UK trade balance widened the most in seven months on a decrease in exports resulting form the recent appreciation of the Pound. The visible trade balance was a deficit of £7.1B.
[ Full Story ]- Deficit widened to £4.9 bn in Dec 2006 - National Statistics
- UK trade deficit widens to GBP 7.1 B in December (FXstreet.com)
- UK Dec Trade Balance Table Of Data (Dow Jones)
- UK Dec global trade in goods deficit 7.1 bln stg vs revised 6.9 bln in Nov (AFX News)
- Tony Juste, FX Advisor at FXstreet.com:
"UK trade balance again shows that the discrepancy between the tone used by the BoE and the reality with respect other economies is still latent. The rise in GBP, mainly motivated by the hawkish tone employed by the Central Bank, has put the trade balance figures to a negative record in 2006, and the trend, I presume, is far from reversing in 2007, as long as the BoE does not change its monetary policy and eases the international pressure on the UK." - FXstreet.com