Wednesday, Nov 07, 17:24 GMT
ASIA-PACIFIC Trading Newsletter
To Get Started
- The Advisor Weblog: At the Close. Don't worry, be happy
- Get FXstreet's Economic Calendar for your own site
- NFA New Regulation − US FDM's under major threat?
- For beginners: An Introduction to Foreign Currencies in the Education section
- Missed the ITC? Check out the image coverage we made!
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Live Sessions Schedule
Live Look at Today's Markets
Expert: Derek Frey
Start: Wed, Nov 7, 18:00 GMT
Sponsored by: 
Type of Session: Webinar
What Moves Currencies? − Preview of the BoE and ECB Rate Decisions
Expert: Tony Juste
Start: Thu, Nov 8, 11:00 GMT
Sponsored by: 
Type of Session: Webinar
| Sponsored by | ||||
| Wed, Nov 7, 17:00 GMT | The Reserve Currency Question or Supply and Demand on a World Stage | Joseph Trevisani | WBN |  |
| Wed, Nov 7, 18:00 GMT | Live Look at Today's Markets | Derek Frey | WBN | |
| Thu, Nov 8, 11:00 GMT | What Moves Currencies? − Preview of the BoE and ECB Rate Decisions | Tony Juste | WBN | |
| Thu, Nov 8, 13:00 GMT | US Pre−Market Open  | Ed Ponsi | WBN | |
| Thu, Nov 8, 14:30 GMT | Weekly Technical Briefing | Dan Blystone | WBN | |
Current Session: U.S.
GBP/USD
Mid−Day Forex Technical Report − Dollar's Free Fall Continues, EUR/USD Hits 1.47, GBP/USD Hits 2.1 by ActionForex.com
Cable's rally continues today and reaches as high as 2.1050 so far, meeting mentioned target of resistance zone of 2.1 psychological resistance and 161.8% projection of 1.9652 to 2.0365 from 1.9879 at 2.1033. At this point, intraday bias remains on the upside as long as 2.0928 minor support holds.
- Extreme OB/OS levels at this hour at Tony Juste's blog
- Long−term Forex Perspectives: Our new blog by John Jagerson and S. Wade Hansen
- New Webinars Video − Access now Educational Sessions Recordings
- Check out how pairs moved: Live Currency Rates & Charts
- 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:
Spot Forex Trades − Euro mid figure of 14700 is sellable by ForexSurvivor
Daily Forex Forecast − Daily Forex Forecast by FXDream
Forex Technical Report − Forex Technical Report USD/JPY by iFOREX.bg
Currencies at a Glance
- EUR/USD
- Moves down back toward second resistant level 1.4634
11/07/2007 16:34 GMT - GBP/USD
- Stays above third resistant level 2.1023
11/07/2007 16:34 GMT - USD/CHF
- Moves up back around second support level 1.1350
11/07/2007 16:34 GMT - USD/JPY
- Stays below 113.35 , below third support level 113.87
11/07/2007 16:35 GMT
Analyst Sentiment Index (ASI)
Analysts Sentiment Index - EUR/USD
**Source : ActionForex.com, CMS Forex, Danske Bank A/S, FXstreet.com, Global Forex Trading, Mizuho Corporate Bank
[ View ASI page ] [ View EUR/USD page ]
Charting the Market Movers
GBP USD, Hourly
USD JPY, Hourly
Top Market Movers Preview
Germany TRADE BALANCE
| Date (GMT) | Event | Cons. | Previous | |
| Nov 8 | 07:00 | Trade Balance | 16.2 | 14.1B |
EMU economic indicators - German industrial new orders and output in the producing sector probably deteriorated in September by BHF−Bank
The German trade balance and current account are expected to have rebounded in September, following their usual seasonal pattern.
[ Full Story ]Top Market Movers Review
US WHOLESALE INVENTORIES
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Nov 7 | 15:00 | Wholesale Inventories | 0.8% | 0.2% | 0.7% |
US wholesale inventories post unexpected increase; sales continue growing (FXstreet.com)
Wholesale inventories have posted a sharply larger than expected increase in September, and consumption kept growing at a fast pace, according to the latest report by the Commerce Department.
[ Full Story ]- Read the Monthly Wholesale Trade data at Census Bureau
- US September wholesale inventories up 0.8 pct, sales jump 1.3 pct (Thomson Financial News)
- DATA SNAP: US Sep Wholesale Inventories Top Expectations (Dow Jones)
- US Wholesale Inventories up to 0.8% in Sep; 0.2% expected (FXstreet.com)
US NONFARM PRODUCTIVITY
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Nov 7 | 13:30 | Nonfarm Productivity | 4.9% | 2.8% | 2.2% |
| Nov 7 | 13:30 | Unit Labor Costs | -2.0% | 1.2% | 1.4% |
DATA SNAP: US Productivity Jump Eases Inflation Worries (Dow Jones)
U.S. productivity jumped last quarter at its fastest pace in four years while labor costs fell, a welcome relief for Federal Reserve officials worried about the inflationary effect of rising energy and commodity prices.
[ Full Story ]- Read the Productivity and Costs, Third Quarter 2007, Preliminary at Labor Department
- US Productivity soared in the third quarter; labor costs down (FXstreet.com)
- US 3Q Nonfarm Productivity improves to 4.9%; Labor cots 0.2% down (FXstreet.com)
- Table Of Productivity Data From Labor Dept. (Dow Jones)
US economic indicators - ISM non−manufacturing index could have declined again markedly in October by BHF−Bank
Economic Events
| Date (GMT) | Country | Event | Actual | Cons. | Previous | |
| Nov 7 | 15:00 | US | Wholesale Inventories (Sep) | 0.8% | 0.2% | 0.7% |
| 17:00 | US | Fed's Warsh speaks to Economists | ||||
| 20:00 | US | Consumer Credit (Oct) | $9.0B | $12.2B | ||
| 21:45 | NZ | Unemployment Rate (3Q) | 3.6% | 3.6% | ||
| Nov 8 | 00:30 | AU | Employment Change (Oct) | 20 | 13K | |
| 00:30 | AU | Unemployment Rate (Oct) | 4.2% | 4.2% | ||
| 05:45 | CH | Unemployment Rate (Oct) | 2.5% | 2.5% | ||