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The FX Mirror
Expert: Patrick Dyess
Start: Wed, Mar 14, 16:00 GMT
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Topics
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Start: Thu, Mar 15, 17:00 GMT
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Type of Session: Webinar
Current Session: Europe - U.S.
USD/JPY
Global FX Daily - U.S. Edition - JPY up in Asia, steadier in Europe by Mellon Foreign Exchange
The key issue is whether the moves become protracted, for example, by breaking key levels and 115.16 (Mar 5 low) and 114.45 (Dec 2006 low) are significant for USD-JPY in this regard. A test of these levels looks likely if equity markets continue falling today, with the focus very much on what happens in the US.
- FOREX FORUM: Technical Analysis forum. Post your charts and share your technical point of view.
- Read Tony Juste's comments on relevant crosses
- Check out how the currency moved on Live Currency Rates & Charts at FXstreet.com
- Follow up the most relevant Economic Data in the new Real Time Economic Calendar
- Be up to date with the Latest Forex News
Other Topics for this Session:
Daily Technical Analysis - EUR/JPY: Dropping from the 50% retracement level by Mizuho Corporate Bank
Wakeup Call on Forex Markets - JPY Coming Back by Saxo Bank
The Word of Majors - EUR/JPY: The 153.55 support snapped by FXstreet.com
Majors at a Glance
- EUR/USD
- Moves down a little below today's pivot at 1.3190
03/14/2007 11:47 GMT - GBP/USD
- Continues to move between first and second support, trades around 1.9230
03/14/2007 11:47 GMT - USD/CHF
- Continues to move between today's pivot and first support all day, trades around 1.2170
03/14/2007 11:47 GMT - USD/JPY
- Moves in narrow range, trades around 116.25
03/14/2007 11:47 GMT
Analyst Sentiment Index (ASI)
Analysts Sentiment Index - GBP/USD
**Source : CMS Forex, Danske Bank A/S, FXstreet.com, Global Forex Trading Ltd. , Mizuho Corporate Bank
[ View ASI page ] [ View GBP/USD page ]
Charting the Market Movers
EUR USD, Hourly
GBP USD, Hourly
Top Market Movers Preview
US CURRENT ACCOUNT
| Date (GMT) | Event | Cons. | Previous | |
| Mar 14 | 12:30 | Current Account | $203.0B | $225.6B |
The Week Ahead - Retail Sales, Current Account, Import Prices, CPI, and Industrial Production by BBVA Bancomer
We expect fourth quarter’s current account deficit to slow to $200.5 billion down from $225.6 billion in the previous month as imports moderate (largely the result of lower petroleum-related prices) and exports remain strong.
[ Full Story ]Top Market Movers Review
EMU INDUSTRIAL PRODUCTION S.A.
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Mar 14 | 10:00 | Industrial Production s.a. (MoM) | -0.2% | 0.2% | 1.0% |
| Mar 14 | 10:00 | Industrial Production w.d.a. (YoY) | 3.7% | 4.1% | 4.0% |
Euro zone Jan industrial output down 0.2 pct vs Dec, up 3.7 yr-on-yr (AFX News)
Euro zone new industrial output fell 0.2 pct in January from December, but was up 3.7 pct year-on-year, EU statistics agency Eurostat reported. Economists polled by AFX News had forecast a month-on-month rise of 0.4 pct and an increase of 4.3 pct from a year earlier.
[ Full Story ]- Read the Industrial production down by 0.2% in euro area at Eurostat
- Euro-Zone Jan Industrial Output Data Table (Dow Jones)
- EU Industrial Production down to -0.2% in Jan ; 3.7% up on the year (FXstreet.com)
UK CLAIMANT COUNT RATE
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Mar 14 | 09:30 | Claimant Count Rate | -3.8% | -8.0% | -13.5% |
Employment in the UK weaker than expected, wages up (FXstreet.com)
The amount of unemployed workers applying for benefits decreased by 3.8 k in February, being the eight consecutive decline in the jobless count rate, yet the decrease being shorter than the 8k expected by the analysts and much shorter than the 13.5K decrease posted in January.
[ Full Story ]- Read the Rate falls to 74.4% in 3 months to Jan 2007 at National Statistics
- Read the Employment falls in Q4 2006 at National Statistics
- Read the Pay growth steady in the year to Jan 2007 at National Statistics
- DATAWATCH UK jobs data unlikely to prevent another BoE rate hike (AFX News)
- United Kingdom Claimant Count Change -3.8%K in Feb; -8.0K expected (FXstreet.com)
- UK Jan bonuses lift earnings growth to 5-mth high, claimant count down UPDATE (AFX News)
Economic Events
| Date (GMT) | Country | Event | Actual | Cons. | Previous | |
| Mar 14 | 10:00 | EMU | Employment Level (QoQ) (4Q) | 0.3% | 0.3% | 0.3% |
| 10:00 | EMU | Employment Level (YoY) (4Q) | 1.6% | 1.6% | 1.5% | |
| 10:00 | EMU | Industrial Production s.a. (MoM) (Jan) | -0.2% | 0.2% | 1.0% | |
| 10:00 | EMU | Industrial Production w.d.a. (YoY) (Jan) | 3.7% | 4.1% | 4.0% | |
| 12:30 | US | Current Account (4Q) | $203.0B | $225.6B | ||
| Mar 15 | 00:30 | AU | Employment Change (Feb) | -3.6K | -4.0K | |
| 08:30 | CH | Interest Rate Decision | 2.25% | 2.00% | ||
| 10:00 | EMU | Consumer Price Index - Core (YoY) (Feb) | 1.8% | 1.7% | ||
| 10:00 | EMU | Consumer Price Index (MoM) (Feb) | 0.3% | -0.5% | ||
| 10:00 | EMU | Consumer Price Index (YoY) (Feb) | 1.8% | 1.8% | ||