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Current Session: US
May 12 15:30 GMT - Next Update: May 13 04:00 GMTEUR/USD
Mid−Day Forex Technical Report − Sterling Rounds on Record Producer Price Inflation by ActionForex.com
The British Pound stages a strong rebound across the board today after strong producer price inflation data prompted further speculation that BoE won't speed up the pace of policy easing. PPI input accelerated sharply to 23.3% yoy in Apr, beating expectation of 21.5% and was the highest reading since the series began in 1986. Output PPI climbed from 6.2% yoy to 7.5%, above expectation of 6.4%. Core PPI was also up from 3.0% to 4.5% versus consensus of 3.2%. The acceleration in upstream inflation is expected to be passed on to consumers which could be seen in tomorrow's CPI report from UK.
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Other Topics for this Session:
Technical Summary for Majors by Windsor Brokers Ltd
Currency Performance
Currency Performance Report − Europe Session Performance by FXstreet.com
FX Analysts' Comments
FOREX Training Video | London Session May 9, 2008 by Wayne McDonell, FxBootcamp.com
FX' Signal
Action Bias Summary Table by ActionForex.com
Currency Levels
EUR/USD Technical Table
09 May - Updated Daily around 10:30 GMT
| Mataf.net | Mizuho | Danske | KBC | ActionForex | FXstreet.com | |
| R2 | 1.5470 | 1.5500 | n/a | 1.5458 | 1.5530 | 1.5525 |
| R1 | 1.5425 | 1.5450 | n/a | 1.5440 | 1.5462 | 1.5446 |
| S1 | 1.5380 | 1.5393 | n/a | 1.5386 | 1.5304 | 1.5289 |
| S2 | 1.5330 | 1.5360 | n/a | 1.5326 | 1.5214 | 1.5210 |
| BIAS | down | neutral | n/a | neutral | n/a | up |
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