Thursday, Nov 01, 08:31 GMT
EUROPEAN Trading Newsletter
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Live Sessions Schedule
What Moves Currencies? − Getting ready for the NFP
Expert: Tony Juste
Start: Thu, Nov 1, 10:00 GMT
Sponsored by: 
Type of Session: Webinar
How to Get Started Trading Forex
Expert: Steve Primo
Start: Thu, Nov 1, 15:00 GMT
Type of Session: Webinar
| Sponsored by | ||||
| Thu, Nov 1, 10:00 GMT | What Moves Currencies? − Getting ready for the NFP | Tony Juste | WBN | |
| Thu, Nov 1, 14:00 GMT | Technical Analysis Q&A  | Tony Juste | WBN |  |
| Thu, Nov 1, 15:00 GMT | How to Get Started Trading Forex | Steve Primo | WBN | |
| Thu, Nov 1, 17:00 GMT | The numbers method: making entry points easy for you | Flávio Lemos | WBN | |
Current Session: Europe
EUR/USD
Daily Recommended Trades − EUR/USD daily outlook by E−Forex
After confirming the intra−day support in the 1.4430 area, the Euro rallied on yesterday setting fresh historical highs at 1.4510. The retracement which fallowed the climb has set daily support at 1.4460. Support is now seen at 1.4460 backed by 1.4430 and 1.4410.
- RECAP OF EXTREME OB/OS LEVELS (after US GDP) 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 Commentary − FED hiked & Norges Bank unchanged by Jyske Bank
Preview Strategies for − Preview Strategies for EUROPEAN SESSION 01/11/2007 by AKforex
Daily Market Commentary − The dollar fell further versus the European and The commodity currencies on Wednesday by Global Forex Trading
Currencies at a Glance
- EUR/USD
- Continues to trade around pivot level 1.4467
11/01/2007 08:02 GMT - GBP/USD
- Stays above pivot level 2.0769
11/01/2007 08:02 GMT - USD/CHF
- Trades around pivot level 1.1589
11/01/2007 08:03 GMT - USD/JPY
- Moves up toward first resistant level 115.64
11/01/2007 08:03 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
USD JPY, Hourly
GBP USD, Hourly
Top Market Movers Preview
UK PMI MANUFACTURING INDEX
| Date (GMT) | Event | Cons. | Previous | |
| Nov 1 | 09:30 | PMI Manufacturing Index | 54.5 | 55.1 |
Friday Notes - Fed: The first cut was the deepest by HVB Group
After having declined in September, we expect the UK manufacturing PMI to keep trending lower and decline to 54.5 in October – in line also with the indications coming from the CBI industrial trend survey.
[ Full Story ]Top Market Movers Review
Australia RETAIL SALES
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Nov 1 | 00:30 | Retail Sales (MoM) | 0.8% | 0.5% | 0.7% |
DATA SNAP: Australian Sep Retail Sales Rise 0.8% Vs Aug (Dow Jones)
Australian retail sales rose a higher−than−expected 0.8% to a seasonally adjusted A$19.86 billion in September from A$19.70 billion in August and rose from A$18.35 billion a year earlier, the Australian Bureau of Statistics said Thursday.
[ Full Story ]- Read the Retail Sales report at Australian Bureau of Statistics
Australia TRADE BALANCE
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Nov 1 | 00:30 | Trade Balance | -1862M | -1000M | -1610M |
DATA SNAP: Australia Sep Trade Deficit A$1.86B (Dow Jones)
Australia's seasonally adjusted balance on trade in goods and services widened to a deficit of A$1.86 billion in September from a deficit of A$1.67 billion in August, the Australian Bureau of Statistics said Thursday.
[ Full Story ]- Read the Trade Balance report at Australian Bureau of Statistics
US FED INTEREST RATE DECISION
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Oct 31 | 18:15 | Fed Interest Rate Decision | 4.50% | 4.50% | 4.75% |
Fed cuts key funds rate to 4.5 pct as expected (Thomson Financial News)
For the second time in as many meetings, the Federal Reserve cut a key interest rate to ensure against a possible slowdown in the economy.
The Fed's policymaking Federal Open Market Committee lowered its most important federal funds rate target to 4.5 pct.
- Read the FOMC Statement at the Federal Reserve
- Dollar slumps as Fed announces rate cut (Thomson Financial News)
- Wachovia cuts prime rate (Thomson Financial News)
- EUR/USD hit a record high at 1.4505 after the Fed Cut by 25bps (FXstreet.com)
Daily Fx Strategy - Fed's Hawkish Cut Extends Dollar Damage by CMC Markets
Today's Top Momentum Movers - Dollar Falls on Rate Cut by TheFXMarkets.com
Central Banks: Fed - 31st October Meeting Preview by FXstreet.com
Economic Events
| Date (GMT) | Country | Event | Actual | Cons. | Previous | |
| Oct 31 | 18:15 | US | Fed Interest Rate Decision | 4.50% | 4.50% | 4.75% |
| Nov 1 | 00:30 | AU | Retail Sales (MoM) (Sep) | 0.8% | 0.5% | 0.7% |
| 00:30 | AU | Trade Balance (Sep) | -1862M | -1000M | -1610M | |
| 05:30 | AU | RBA Commodity Index SDR (YoY) | 6.0% | 5.4% | ||
| 08:30 | CH | SVME − Purchasing Managers' Index (Oct) | 60.7 | 58.0 | 57.6 | |
| 09:30 | UK | PMI Manufacturing Index (Oct) | 54.5 | 55.1 | ||
| 11:00 | UK | CBI Distributive Trades Survey − Realized (MoM) | 12 | |||
| 12:30 | US | Core Personal Consumption Expenditure (MoM) (Sep) | 0.2% | 0.1% | ||
| 12:30 | US | Core Personal Consumption Expenditure (YoY) (Sep) | 1.8% | 1.8% | ||
| 12:30 | US | Initial Jobless Claims (Oct 27) | 330K | 331K | ||