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Current Session: Europe - U.S.
EUR/USD
Forex Technical Analysis - EUR/USD:(1.3020) Reapproaching the neckline of a MT Double Top by KBC Bank
The rebound off 1.2865 retested key area of 1.3051/ .3073 (neckline MT Double Top/ breakdown daily Jan 04) and is reapproaching it once again. 1st Support area at 1.2981/ .73 (daily envelope / daily MT MA↑/ daily Bollinger midline), with next levels at 1.2957 (ST break-up hourly) and 1.2920/ .10 (weekly envelope/ Feb 06 low): ST bullish mood intact on € while above..
- 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 Forex Commentary - Storm in a teacup by Jyske Bank
Forex Daily Analysis - JPY remains defensive gaining little support from G7 meeting by ForexYard
Daily Technical Analysis - EUR: Five consecutive weeks in a very small range by Mizuho Corporate Bank
Majors at a Glance
- EUR/USD
- Holding above 1.3000
2/12/2007 3:53:07 AM - GBP/USD
- Trades above 1.9500
2/12/2007 4:03:35 AM - USD/CHF
- Trades around 1.2475
2/12/2007 4:05:39 AM - USD/JPY
- Trying to stay above 122.00
2/12/2007 4:08:49 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. Federal budget
| Period | Previous | Consensus | Time |
| January | $40B | $40B | Feb 12, 19:00 GMT |
Friday Notes - Tax revenues keep pouring in by HVB Group
Last January, the US Treasury enjoyed a surplus of USD 20 bn. Revenues are now running about USD 20 bn higher, while outlays are little changed. The deficit will likely remain below 2% of GDP and could go even lower, as the Democratic Party leadership in Congress takes aim on some of the administration's programs.
[ Full Story ]Top Market Movers Review
UK PPI
| Period | Previous | Consensus | Actual |
| Input (MoM) | 0.1% | -0.8% | -2.0% |
| Output (MoM) | 0.2% | 0.2% | 0.3% |
PPI Input falls larger than expected on fuel lower costs by FXstreet.com
Input prices at producers level have fallen twice as low as expected in January, according to the latest PPI Input report released by National Statistics. In seasonally adjusted terms, input prices fell by 2.0% in January when the market expected a decrease by around 0.9%.
[ Full Story ]- Factory gate inflation falls to 2.1 per cent - National Statistics
- UK input prices fall in Jan due to drop in crude prices (AFX News)
- UK Dec house prices up 9.9 pct yr-on-yr vs 8.8 pct in Nov - govt figures (AFX News)