Tuesday, Nov 06, 08:36 GMT
EUROPEAN Trading Newsletter
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Live Sessions Schedule
What Moves Currencies? − A Look at the Majors
Expert: Tony Juste
Start: Tue, Nov 6, 11:00 GMT
Sponsored by: 
Type of Session: Webinar
FX Instructor Live Trading Room
Expert: Sunil Mangwani
Start: Tue, Nov 6, 12:00 GMT
Sponsored by: 
Type of Session: Webinar
| Sponsored by | ||||
| Tue, Nov 6, 09:00 GMT | Outlook for the major currencies this week | Ian Copsey | WBN |  |
| Tue, Nov 6, 11:00 GMT | What Moves Currencies? − A Look at the Majors | Tony Juste | WBN | |
| Tue, Nov 6, 12:00 GMT | FX Instructor Live Trading Room | Sunil Mangwani | WBN | |
| Tue, Nov 6, 13:00 GMT | US Pre−Market Open  | Ed Ponsi | WBN |  |
Current Session: Europe
EUR/USD
Daily Recommended Trades − EUR/USD daily outlook by E−Forex
After confirming the support at 1.4450 on yesterday, the Euro recovered and re−tested 1.4500 on today's Asian session. Support is now formed at 1.4500 backed by 1.4475 and 1.4450. Resistance starts at 1.4515 followed by 1.4530 and 1.4550. Momentum is bullish on both hourly and daily studies. While the Euro holds above the 1.4500 mark, the mentioned support will strengthen and the Euro may advance higher, re−testing Friday's high at 1.4530.
- Read the latest comments on Major crosses 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 Technical Report − Dollar Mildly Weaker But Still in Range by ActionForex.com
Daily Forex Commentary − The Picture has not changed from Yesterday by Jyske Bank
Preview Strategies for − Preview Strategies for EUROPEAN SESSION 06/11/2007 by AKforex
Currencies at a Glance
- EUR/USD
- Moves up toward first resistant level 1.4513
11/06/2007 08:17 GMT - GBP/USD
- Moves up toward first resistant level 2.0873
11/06/2007 08:17 GMT - USD/CHF
- Continues to move down toward first support level 1.1512
11/06/2007 08:17 GMT - USD/JPY
- Trades above opening price level 114.54 , above pivot level 114.46
11/06/2007 08:17 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
Germany FACTORY ORDERS S.A.
| Date (GMT) | Event | Cons. | Previous | |
| Nov 6 | 11:00 | Factory Orders s.a. (MoM) | 0.0% | 1.2% |
| Nov 6 | 11:00 | Factory Orders n.s.a. (YoY) | 6.5% | 4.0% |
EMU economic indicators - German industrial new orders and output in the producing sector probably deteriorated in September by BHF−Bank
Having soared previously, German industrial new orders and output in the German producing sector probably suffered setbacks in September, as most of the correlated indicators have deteriorated.
[ Full Story ]Top Market Movers Review
Japan LEADING ECONOMIC INDEX
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Nov 6 | 05:00 | Coincident Index | 66.7% | 66.7% | 1.0% |
| Nov 6 | 05:00 | Leading Economic Index | 0.0 | 0.0 | 27.3 |
Japan Sep Leading Indicators 0.0; Coincident 66.7 (Dow Jones)
Japan's index of leading economic indicators stood at zero in September for the first time since December 1997 and far below the boom−or−bust threshold of 50.0 for the second straight month, the government said Tuesday.
[ Full Story ]- Read the Leading Economic Index report at Japan Cabinet Office
UK BRC RETAIL SALES MONITOR − ALL
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Nov 6 | 00:01 | BRC Retail Sales Monitor − All (YoY) | 1% | - | 3% |
DATA SNAP: UK Retail Sales Hit 11−Month Low In October (Dow Jones)
U.K. retail sales growth was much weaker than expected in October, hitting an 11−month low as demand for clothing and big−ticket items slumped, data from the British Retail Consortium released Tuesday showed.
[ Full Story ]- Read the Retail Sales Monitor report at British Retail Consortium
- UK Oct like−for−like retail sales up annual 1.0 pct, 11−month low − BRC (Thomson Financial News)
Economic Events
| Date (GMT) | Country | Event | Actual | Cons. | Previous | |
| Nov 6 | 02:00 | NZ | ANZ Commodity Price (Oct) | 1.8% | 0.4% | |
| 05:00 | JP | Coincident Index (Sep)  | 66.7% | 66.7% | 1.0% | |
| 05:00 | JP | Leading Economic Index (Sep) | 0.0 | 0.0 | 27.3 | |
| 06:00 | JP | BoJ Governor Fukui to meet with Business Leaders | ||||
| 08:55 | DE | Purchasing Manager Index Services (Oct) | 54.9 | 53.1 | ||
| 09:00 | EMU | PMI Composite (Oct) | 54.5 | 54.7 | ||
| 09:00 | EMU | Purchasing Manager Index Services (Oct) | 55.6 | 54.2 | ||
| 10:00 | EMU | Producer Price Index (MoM) (Sep) | 0.4% | 0.1% | ||
| 10:00 | EMU | Producer Price Index (YoY) (Sep) | 2.6% | 1.7% | ||
| 10:00 | EMU | Retail Sales (MoM) (Sep) | 0.5% | 0.1% | ||