Monday, Nov 05, 08:36 GMT
EUROPEAN Trading Newsletter
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Live Sessions Schedule
What Moves Currencies? − Preview of the Week Ahead
Expert: Tony Juste
Start: Mon, Nov 5, 11:00 GMT
Sponsored by: 
Type of Session: Webinar
Weekly Webinar: 1st on Forex − The Week Ahead
Expert: Jerry Furst
Start: Mon, Nov 5, 12:00 GMT
Sponsored by: 
Type of Session: Webinar
| Sponsored by | ||||
| Mon, Nov 5, 11:00 GMT | What Moves Currencies? − Preview of the Week Ahead | Tony Juste | WBN | |
| Mon, Nov 5, 12:00 GMT | Weekly Webinar: 1st on Forex − The Week Ahead | Jerry Furst | WBN | |
| Mon, Nov 5, 14:00 GMT | FX Instructor Live Trading Room  | Nader Moustafa | WBN |  |
| Mon, Nov 5, 15:00 GMT | Derek Frey's Outlook | Derek Frey | WBN |  |
Current Session: Europe
EUR/USD
Forex Technical Report − EUR/USD 1.4482 − 5 November by iFOREX.bg
EUR/USD Open 1.4499 High 1.4542 Low 1.4411 Close 1.4473
The Euro concessived from its new top at 1.4500 against the US Dollar. If the upward trend of the currency couple continues next new psychological resistance levels would be at 1.4555 and 1.4595.
- USD bears amazingly stubborn... 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 Recommended Trades − EUR/USD daily outlook by E−Forex
Preview Strategies for − Preview Strategies for EUROPEAN SESSION 05/11/2007 by AKforex
Weekly Forex Outlook − Focus on RBA, ECB and BoE rate announcements by Easy Forex
Currencies at a Glance
- EUR/USD
- Trades around pivot level 1.4484
11/05/2007 07:00 GMT - GBP/USD
- Stays around opening price level 2.0879 , above pivot level 2.0854
11/05/2007 07:00 GMT - USD/CHF
- Continues to trade around pivot level 1.1535
11/05/2007 07:00 GMT - USD/JPY
- Moves down below first support level 114.34
11/05/2007 07:03 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 PURCHASING MANAGER INDEX SERVICES
| Date (GMT) | Event | Cons. | Previous | |
| Nov 5 | 09:30 | Purchasing Manager Index Services | 56.2 | 56.7 |
Friday Notes - ECB – caught between rising inflation fears and persisting growth risks by HVB Group
The September decline in services PMI was less than expected, showing so far some resilience to the ongoing dislocation in money markets and leaving the average for Q3 only slightly below the level for Q2. However, we think that the full impact of the ongoing dislocation in money markets still remains to be felt in Q4, and we are penciling in a further decline in the October services PMI to 55.7. The prices charged component is also likely to edge down.
[ Full Story ]Top Market Movers Review
US NONFARM PAYROLLS
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Nov 2 | 12:30 | Average Hourly Earnings (MoM) | 0.2% | 0.3% | 0.3% |
| Nov 2 | 12:30 | Nonfarm Payrolls | 166K | 80K | 96K |
| Nov 2 | 12:30 | Average Hourly Earnings (YoY) | 3.8% | 4.0% | 4.1% |
| Nov 2 | 12:30 | Unemployment Rate | 4.7% | 4.7% | 4.7% |
US: Labour market still alive and kicking by Danske Bank A/S
The October labour market report delivered a relatively encouraging message, indicating that the US labour market is still alive and kicking. The report showed that the US economy created 166K news jobs in October, while the previous two months saw a net loss of 10K. Moreover, the unemployment rate held relatively steady, posting a 4.73% reading − marginally up from 4.70%.
[ Full Story ]- Read the Employment Situation Summary report at Bureau of Labor Statistics
- Forex − Dollar gets modest boost from US jobs data (Thomson Financial News)
- US October non−farm payrolls up 166,000, unemployment rate steady at 4.7 pct (Thomson Financial News)
- US non−farm employment increases higher than expected in October (FXstreet.com)
Morning Report - Strong payrolls overshadowed by credit fears by Westpac Institutional Bank
Daily Market Briefing - US Dollar Fails to Respond to Payrolls Number: What Gives? by FXCM
Economic Events
| Date (GMT) | Country | Event | Actual | Cons. | Previous | |
| Nov 5 | 09:30 | UK | Industrial Production (MoM) (Sep) | 0.2% | 0.1% | |
| 09:30 | UK | Industrial Production (YoY) (Sep) | 0.4% | 0.7% | ||
| 09:30 | UK | Manufacturing Production (MoM) (Sep) | 0.0% | 0.4% | ||
| 09:30 | UK | Manufacturing Production (YoY) (Oct) | 0.6% | 0.6% | ||
| 09:30 | UK | Purchasing Manager Index Services (Oct) | 56.2 | 56.7 | ||
| 15:00 | US | ISM Non−Manufacturing (Oct) | 54.0 | 54.8 | ||
| Nov 6 | 00:01 | UK | NIESR GDP Estimate (QoQ) (Oct) | 0.7% | ||
| 23:30 | AU | RBA Interest Rate Decision | 6.5% | |||
| Nov 8 | 11:00 | UK | BoE Interest Rate Decision | 5.75% | ||
| 11:45 | EMU | ECB Interest Rate Decision | 4% | |||