Thursday, Nov 06, 17:24 GMT
ASIA-PACIFIC Trading Newsletter
To Get Started
- All the events of the day in our Economic Calendar
- Webinar Videos: Fundamental Review by Adam Rosen
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Forex Blogs
The Advisor Blog: BoE and ECB live coverage by Valeria Bednarik
Check the BoE and ECB live coverage with Valeria Bednarik we made on November 6th.
Francesc's Weblog: ITC 2008 on TV News. Watch Rob Booker speaking by Francesc Riverola
Forex Trading Today: Golfing on the Euro Driving "Range" by Tim Salem
Live Sessions Schedule
Live Look at Today's Markets
Expert: Derek Frey
Start: Thu, Nov 6, 18:00 GMT
Sponsored by: 
Type of Session: Webinar
SPECIAL EVENT: Trade Non−Farm Payrolls LIVE − 30th Edition
Expert: Wayne McDonell
Start: Fri, Nov 7, 12:30 GMT
Sponsored by: 
Type of Session: Webinar
| Sponsored by | ||||
| Thu, Nov 6, 18:00 GMT | Live Look at Today's Markets | Derek Frey | WBN | |
| Fri, Nov 7, 12:30 GMT | SPECIAL EVENT: Trade Non−Farm Payrolls LIVE − 30th Edition | Wayne McDonell | WBN | |
| Mon, Nov 10, 11:00 GMT | Understand & Use Fibonacci Ratios Effectively | Sunil Mangwani | WBN |  |
| Mon, Nov 10, 14:00 GMT | Turning the corner on the year  | Adam Rosen | WBN |  |
| Mon, Nov 10, 15:00 GMT | Derek Frey's Outlook | Derek Frey | WBN | |
Current Session: U.S.
GBP/USD
Mid−Day Forex Technical Report − ECB 50bps, BoE 150bps, SNB 50bps... but Markets Still in Range by ActionForex.com
GBP/USD is still staying in tight range after rebound from 1.5603 was limited by 4 hours 55 MEA. Intraday outlook remains neutral for the moment. Short term outlook is also mixed with consolidation that started at 1.5269 still in progress. Nevertheless, below 1.5603 will encourage a retest of 1.5269 low. On the upside, above 1.6198 will encourage a retest of 1.6671 resistance. But after all, note that the path of consolidation will remain unpredictable as long as 1.5269 low remains intact.
Analyst Sentiment Index (ASI)
Analysts Sentiment Index - EUR/USD
**Source : ActionForex.com, CMS Forex, Danske Bank A/S, FXstreet.com, i-knowindices.com, Mizuho Corporate Bank, MolFX - Management
[ View ASI page ] [ View EUR/USD page ]
Charting the Market Movers
GBP USD, Hourly
EUR USD, Hourly
Top Market Movers Preview
Germany INDUSTRIAL PRODUCTION S.A.
| Date (GMT) | Event | Cons. | Previous | |
| Nov 7 | 11:00 | Industrial Production s.a. (MoM) | -0.9% | 3.4% |
| Nov 7 | 11:00 | Industrial Production s.a. w.d.a. (YoY) | 0.5% | 1.7% |
EMU economic indicators - Output in the German producing sector (September): down by BHF−Bank
German industrial new orders and output in the German producing sector probably suffered setbacks in September, as their steep increases in August were mainly driven by a favourable holiday effect and nearly all correlated indicators dropped.
[ Full Story ]Top Market Movers Review
EMU ECB TRICHET'S SPEECH
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Nov 6 | 13:30 | ECB Trichet's Speech | - | - | - |
| Nov 6 | 12:45 | ECB Interest Rate Decision | 3.25% | 3.25% | 3.75% |
Trichet warns about sluggish demand for a protracted time, another rate cut possible (FXstreet.com)
ECB President, Jean Claude Trichet has warned about global demand to remain dampened for a protracted time while he observed that the outlook for inflation has improved considerably in the late month, and left the door opened for a further rate cut in the coming months.
[ Full Story ]- Read Jean−Claude Trichet's Introductory statement at ECB
- ECB's Trichet−regaining control of inflation expectations (Thomson Financial News)
- ECB's Trichet doesn't see negative inflation in '09 (Thomson Financial News)
- 2nd UPDATE: Trichet: CPI Risks Lower; Deeper Rate Cut Discussed (Dow Jones)
ECB and BoE: Thursday Morning Rate Cuts! by GFT (Global Forex Trading)
Daily Fx Strategy - BoE Scrambles With Shocker Cut by CMC Markets
UK BOE INTEREST RATE DECISION
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Nov 6 | 12:00 | BoE Interest Rate Decision | 3.0% | 4.0% | 4.5% |
The Bank of England eases its Bank Rate by 150 b.p. to 3.0% (FXstreet.com)
The Bank of England has decided to cut its official bank rate by 1,50% to 3%, after their monthly Policy Meeting. The etent of the slash has been unexpected, as the odds were for a 50 bp cut.
[ Full Story ]- Read the Official Statement at BoE
- ANALYSIS−UK interest rates may be headed for record low (Thomson Financial News)
- UPDATE 3−Bank of England makes shock 150 basis point rate cut (Thomson Financial News)
- Shock UK rate cut may not go far enough for consumers (Thomson Financial News)
ECB and BoE: Thursday Morning Rate Cuts! by GFT (Global Forex Trading)
Daily Fx Strategy - BoE Scrambles With Shocker Cut by CMC Markets
Currency Currents - Central Banks in Europe Exciting This MarketCentral Banks in Europe Exciting This Market by Black Swan Capital
Economic Events
| Date (GMT) | Country | Event | Actual | Cons. | Previous | |
| Nov 6 | 13:30 | EMU | ECB Trichet's Speech | |||
| 15:05 | CA | Ivey Purchasing Managers Index (Oct) | 52.2 | 58.0 | 61.0 | |
| Nov 7 | 05:30 | AU | Foreign Reserves (Sep) | 35.5B | ||
| 06:45 | CH | Unemployment Rate (Oct) | 2.5% | 2.4% | ||
| 06:45 | CH | Unemployment Rate s.a. (Oct) | 2.6% | 2.6% | ||
| 07:00 | DE | Trade Balance (Sep) | 10.6 | |||
| 11:00 | DE | Industrial Production s.a. (MoM) (Sep) | -0.9% | 3.4% | ||