Wednesday, Sep 05, 07:23 GMT
EUROPEAN Trading Newsletter
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Live Sessions Schedule
Asia−Pacific trading Webinar
Expert: Abdul Khan
Start: Wed, Sep 5, 09:00 GMT
Sponsored by: 
Type of Session: Webinar
What Moves Currencies? − USD/CAD in Focus Ahead of the IR Decision
Expert: Tony Juste
Start: Wed, Sep 5, 10:00 GMT
Sponsored by: 
Type of Session: Webinar
| Sponsored by | ||||
| Wed, Sep 5, 09:00 GMT | Asia−Pacific trading Webinar | Abdul Khan | WBN | |
| Wed, Sep 5, 10:00 GMT | What Moves Currencies? − USD/CAD in Focus Ahead of the IR Decision | Tony Juste | WBN | |
| Wed, Sep 5, 11:00 GMT | FX Instructor Live Trading Room  | Sunil Mangwani | WBN |  |
| Wed, Sep 5, 12:00 GMT | US Pre−Market Open | Ed Ponsi | WBN | |
Current Session: Europe
EUR/USD
Daily Technical Analysis − EUR: Short term target 1.3685/1.3700 then 1.3850 by Mizuho Corporate Bank
The euro/dollar recovered from a near two−week low on Tuesday. Look for mixed to lower trading again as the market needs more impetus for a new direction. Below 1.3580, euro/dollar still has support at 1.3555.
- USD/CHF pullbacks to 1.2110 after hitting extreme OB levels, bounces off nicely by Tony Juste
- TRENDEX: Real−time market comments and trading tips. Get your Trial Account now!
- 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:
Forex Technical Analysis − EUR/USD:(1.3585) Correction from 1.3853 met 50% Retrace of rise from year low (1.3359) by KBC Bank
USD/JPY Daily Technical Forex − USD/JPY Daily Technical Forex by Stoploss.ch
Forex Technical Report − Forex Technical Report EUR/USD by iFOREX.bg
Currencies at a Glance
- EUR/USD
- Moves up toward first resistant level 1.3636
09/05/2007 03:40 GMT - GBP/USD
- Moves up above pivot level 2.0132
09/05/2007 03:40 GMT - USD/CHF
- Moves down below pivot level 1.2117
09/05/2007 03:40 GMT - USD/JPY
- Trades around opening price level 116.30 , above pivot level 116.03
09/05/2007 03:40 GMT
Analyst Sentiment Index (ASI)
Analysts Sentiment Index - EUR/USD
**Source : ActionForex.com, CMS Forex, Danske Bank A/S, FXstreet.com, Global Forex Trading Ltd. , Mizuho Corporate Bank
[ View ASI page ] [ View EUR/USD page ]
Charting the Market Movers
EUR USD, Hourly
GBP USD, Hourly
Top Market Movers Preview
UK PURCHASING MANAGER INDEX SERVICES
| Date (GMT) | Event | Cons. | Previous | |
| Sep 5 | 08:30 | Purchasing Manager Index Services | 56.5 | 57.0 |
Friday Notes - ECB: Rate Hike Postponed For Now by HVB Group
In August, we expect the Services PMI to slow down only moderately to 56.7 from the previous 57.0. It is, indeed, early to see the turmoil in financial markets affecting markedly the level of business activity
[ Full Story ]Top Market Movers Review
Australia RBA INTEREST RATE DECISION
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Sep 4 | 23:30 | RBA Interest Rate Decision | 6.5% | 6.5% | 6.5% |
Overnight Briefing: Far East Timezone - Unchanged from RBA by Jyske Bank
Australia's central bank left interest rates unchanged as expected on Wednesday, likely wary of tightening further while a squeeze in credit markets clouded the outlook for the world economy.
[ Full Story ]- Read the Cash Rate Target report at Reserve Bank of Australia
- Australia's central bank to keep tight rein on inflation − TD Securities (Thomson Financial News)
- Australia's central bank leaves cash target rate at 6.50 percent (Thomson Financial News)
Start the Day - Reserve Bank of Australia keeps rates unchanged at 6.50% by Mizuho Corporate Bank
Australian Dollar special report - AUD Overlay by FxMax
Daily Market Briefing - 4 Central Bank Meetings and US Non−Farm Payrolls: What to Expect by FXCM
Economic Events
| Date (GMT) | Country | Event | Actual | Cons. | Previous | |
| Sep 4 | 23:01 | UK | Nationwide Consumer Confidence (Aug) | 94 | 94 | 96 |
| 23:30 | AU | RBA Interest Rate Decision | 6.5% | 6.5% | 6.5% | |
| Sep 5 | 07:55 | DE | Purchasing Manager Index Services (Aug) | 58.1 | 58.5 | |
| 08:00 | EMU | Purchasing Manager Index Services (Aug) | 57.9 | 58.3 | ||
| 08:30 | UK | Purchasing Manager Index Services (Aug) | 56.5 | 57.0 | ||
| 09:00 | EMU | Retail Sales (MoM) (Jul) | 0.3% | 0.4% | ||
| 09:00 | EMU | Retail Sales (YoY) (Jul) | 1.1% | 0.9% | ||
| 13:00 | CA | BoC Interest Rate Announcement | 4.5% | 4.5% | ||
| 14:00 | US | Pending Home Sales (MoM) (Jul) | -2% | 5% | ||
| Sep 6 | 01:30 | AU | Employment Change (Jul) | 25.0 | 2.5 | |