Thursday, Nov 08, 08:38 GMT
EUROPEAN Trading Newsletter
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Live Sessions Schedule
What Moves Currencies? − Preview of the BoE and ECB Rate Decisions
Expert: Tony Juste
Start: Thu, Nov 8, 11:00 GMT
Sponsored by: 
Type of Session: Webinar
How to Get Started Trading Forex
Expert: Steve Primo
Start: Thu, Nov 8, 16:00 GMT
Type of Session: Webinar
| Sponsored by | ||||
| Thu, Nov 8, 11:00 GMT | What Moves Currencies? − Preview of the BoE and ECB Rate Decisions | Tony Juste | WBN | |
| Thu, Nov 8, 13:00 GMT | US Pre−Market Open  | Ed Ponsi | WBN |  |
| Thu, Nov 8, 14:30 GMT | Weekly Technical Briefing | Dan Blystone | WBN | |
| Thu, Nov 8, 15:00 GMT | Technical Analysis Q&A | Tony Juste | WBN | |
Current Session: Europe
EUR/USD
Daily Recommended Trades − The Euro rallied on yesterday, breaking the resistance at 1.4700 by E−Forex
The Euro rallied on yesterday, breaking the resistance at 1.4700 and setting the daily high at 1.4730. It retraced afterwards and found minor support at 1.4625. Support backs 1.4625 at 1.4610, 1.4580 and 1.4555. Resistance starts at 1.4670 followed by 1.4705 and 1.4730.
- Extreme OB/OS levels at this hour 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:
Preview Strategies for − Preview Strategies for EUROPEAN SESSION 08/11/2007 by AKforex
Daily Forex Commentary − Know when to Quit… by Jyske Bank
Forex Technical Report − Forex Technical Report EUR/USD by iFOREX.bg
Currencies at a Glance
- EUR/USD
- Continues to trade around pivot level 1.4640
11/08/2007 07:58 GMT - GBP/USD
- Moves down around pivot level 2.0984
11/08/2007 07:58 GMT - USD/CHF
- Continues to trade below pivot level 1.1346
11/08/2007 07:58 GMT - USD/JPY
- Back toward opening price level 112.59 , below pivot level 113.34
11/08/2007 07:58 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 BOE INTEREST RATE DECISION
| Date (GMT) | Event | Cons. | Previous | |
| Nov 8 | 12:00 | BoE Interest Rate Decision | 5.75% | 5.75% |
Economics Weekly - Expect no surprises from the BoE or ECB by Lloyds TSB Financial Markets
The Bank of England cautioned in its latest Financial Stability Report that although there had been signs of recovery in credit markets, some aspects of it remained illiquid and the financial system was vulnerable to further shocks. The MPC also discussed the merits of a precautionary cut in base rates in October on fears of slower output growth.
[ Full Story ]Top Market Movers Review
Germany TRADE BALANCE
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Nov 8 | 07:00 | Trade Balance | 18.1B | 16.2 | 14.1B |
German Trade Surplus and Current Account post higher than expected in September (FXstreet.com)
Trade surplus rose to the level of 18.1 billion euros in september after posting a 14.1 billion in August, according to the data released by Destatis. The result came out above expectations of a mild rise to the level of 16.2 billion euros. On yearly basis, german exports rose by 3.3% in September to the level of 81.8 billion euros, while imports declined by 0.4%.
[ Full Story ]- UPDATE: Rising Exports Boost German Sep Trade Surplus (Dow Jones)
- German Sept trade surplus 18.1 bln eur vs 14.1 bln in Aug (Thomson Financial News)
- Germany Sep Trade Surplus increases to 18.1B (FXstreet.com)
EMU economic indicators - German industrial new orders and output in the producing sector probably deteriorated in September by BHF−Bank
Australia UNEMPLOYMENT RATE
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Nov 8 | 00:30 | Unemployment Rate | 4.3% | 4.2% | 4.2% |
| Nov 8 | 00:30 | Employment Change | 12.9K | 20.0 | 13.0K |
DATA SNAP: Australian Oct Unemployment Rate 4.3% (Dow Jones)
Australia's unemployment rate rose to a worse−than−expected seasonally adjusted 4.3% in October from 4.2% in September. The number of employed rose 12,900, the Australian Bureau of Statistics said Thursday.
[ Full Story ]- Read the Labour Force report at Australian Bureau of Statistics
- Australia's Oct unemployment rate 4.3 pct versus forecast of 4.2 pct − UPDATE (Thomson Financial News)
- Australia's Oct unemployment rate 4.3 pct versus consensus forecast of 4.2 pct (Thomson Financial News)
Economic Events
| Date (GMT) | Country | Event | Actual | Cons. | Previous | |
| Nov 8 | 06:00 | JP | Machine Tool Orders (YoY) (Oct)  | 16.3 | ||
| 06:45 | CH | Unemployment Rate s.a. (Oct) | 2.6% | 2.6% | 2.5% | |
| 07:00 | DE | Current Account (Sep) | 15.4B | 12.1 | 9.1 | |
| 07:00 | DE | Trade Balance (Sep) | 18.1B | 16.2 | 14.1B | |
| 12:00 | UK | BoE Interest Rate Decision | 5.75% | 5.75% | ||
| 12:30 | US | Initial Jobless Claims (Nov 3) | 330K | 327K | ||
| 12:45 | EMU | ECB Interest Rate Decision | 4% | 4% | ||
| 13:15 | CA | Housing Starts (YoY) (Oct) | 221.5 | 278.2K | ||
| 13:30 | EMU | ECB's Trichet Speaks | ||||
| 13:30 | CA | New Housing Price Index (YoY) (Oct) | 0.4% | 6.5% | ||