Thursday, Nov 08, 17:10 GMT
ASIA-PACIFIC Trading Newsletter
To Get Started
- The Advisor Weblog: At the Close. Pip-eater
- 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
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Live Sessions Schedule
Live Look at Today's Markets
Expert: Derek Frey
Start: Thu, Nov 8, 18:00 GMT
Sponsored by: 
Type of Session: Webinar
What Moves Currencies? − Weekly Wrap−Up
Expert: Tony Juste
Start: Fri, Nov 9, 11:00 GMT
Sponsored by: 
Type of Session: Webinar
| Sponsored by | ||||
| Thu, Nov 8, 18:00 GMT | Live Look at Today's Markets | Derek Frey | WBN | |
| Fri, Nov 9, 11:00 GMT | What Moves Currencies? − Weekly Wrap−Up | Tony Juste | WBN | |
| Fri, Nov 9, 13:00 GMT | US Pre−Market Open  | Ed Ponsi | WBN |  |
| Fri, Nov 9, 15:00 GMT | Live Trading | Tony Juste | WBN | |
| Mon, Nov 12, 10:00 GMT | Asia−Pacific trading Webinar | Abdul Khan | WBN | |
Current Session: U.S.
GBP/USD
Mid−Day Forex Technical Report − Markets Steady after ECB and BoE, Bernanke Next by ActionForex.com
Cable edges higher to 2.1061 in early US session and at this point, further rise is still expected as long as 2.0928 minor support holds. Sustained trading above resistance zone of 2.1 psychological resistance and 161.8% projection of 1.9652 to 2.0365 from 1.9879 at 2.1033 will encourage further rally to next short term target of 200% projection of 1.9652 to 2.0365 from 1.9879 at 2.1305 first.
- GBP/USD watch 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:
Daily Forex Forecast − Daily Forex Forecast by FXDream
Spot Forex Trades − EURUSD floating retracement by ForexSurvivor
Currency Majors Technical Analysis by Mataf.net
Currencies at a Glance
- EUR/USD
- Moves up toward first resistant level 1.4727
11/08/2007 16:30 GMT - GBP/USD
- Trades around first resistant level 2.1109
11/08/2007 16:31 GMT - USD/CHF
- Moves down toward first support level 1.1243
11/08/2007 16:31 GMT - USD/JPY
- Back around opening price level 112.59 , below pivot level 113.34
11/08/2007 16:31 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
Japan INDUSTRIAL PRODUCTION
| Date (GMT) | Event | Cons. | Previous | |
| Nov 9 | 04:30 | Industrial Production (MoM) | -1.4% | 3.5% |
Weekly Economic and Financial Commentary - The "R" Word Is Cropping Up by Wachovia
In Japan, industrial production fell 1.4 percent in September relative to the previous month, partially reversing the 3.5 percent rise that was chalked up in August. However, businesses estimate that production will bounce back 3.8 percent in October before dropping back 0.7 percent in November.
[ Full Story ]Top Market Movers Review
EMU ECB'S TRICHET SPEAKS
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Nov 8 | 13:30 | ECB's Trichet Speaks | - | - | - |
ECB's Trichet Says Euro−Zone Inflation Risks Prevail (Dow Jones)
Euro−zone price risks are still pointing upward and require "very close" monitoring, European Central Bank President Jean−Claude Trichet said Thursday.
[ Full Story ]- Jean−Claude Trichet: Introductory statement at ECB
- Trichet says ECB remains ready to act to counter mounting inflation risks UPDATE (Thomson Financial News)
- UPDATE: ECB's Trichet: "Brutal" Forex Moves Aren't Welcome (Dow Jones)
- Dollar Rises Some After ECB's Trichet Comments On Forex (Dow Jones)
ECB: Another month of wait and see by Danske Bank A/S
UK BOE INTEREST RATE DECISION
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Nov 8 | 12:00 | BoE Interest Rate Decision | 5.75% | 5.75% | 5.75% |
BOE keeps rates on hold at 5.75% (FXstreet.com)
The Bank of England has decided to keep interest rates unchanged at 5.75% after their monthly Policy Meeting Committee. The Bank, as usual has not given any further explanation, further details about the decision will be given at the meeting's minutes due the 21st of November.
[ Full Story ]- Bank Rate maintained at 5.75% at BoE
- FOCUS BoE on hold, but December cut likely if data stays weak (Thomson Financial News)
- Forex − Pound rises after BoE leaves rates unchanged (Thomson Financial News)
- BoE needs to be on alert for economic slowdown − CBI (Thomson Financial News)
Daily Analysis - The market is nervous, today BoE and ECB interest rate announcement by Finotec Group Inc.
Daily Forex Technical Report − Euro and Sterling Consolidates ahead of ECB and BoE by ActionForex.com
Economics Weekly - Expect no surprises from the BoE or ECB by Lloyds TSB Financial Markets
Economic Events
| Date (GMT) | Country | Event | Actual | Cons. | Previous | |
| Nov 8 | 15:00 | US | Fed's Bernanke testifies before Joint Economic Committee | |||
| 15:30 | UK | Leading Indicator Index (Sep) | -0.1% | -0.2% | ||
| Nov 9 | 04:30 | JP | Capacity Utilization (Sep) | 109.7 | ||
| 04:30 | JP | Industrial Production (MoM) (Sep) | -1.4% | 3.5% | ||
| 04:30 | JP | Industrial Production (YoY) (Sep) | 4.4% | |||
| 06:45 | CH | SECO Consumer Climate (Oct) | 11 | 15 | ||
| 09:30 | UK | Total Trade Balance (Sep) | -4.1B | -4.1B | ||