Friday, Nov 09, 08:49 GMT
EUROPEAN Trading Newsletter
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Live Sessions Schedule
What Moves Currencies? − Weekly Wrap−Up
Expert: Tony Juste
Start: Fri, Nov 9, 11:00 GMT
Sponsored by: 
Type of Session: Webinar
US Pre−Market Open
Expert: Ed Ponsi
Start: Fri, Nov 9, 13:00 GMT
Type of Session: Webinar
| Sponsored by | ||||
| Thu, Nov 8, 18:00 GMT | Live Look at Today's Markets | Derek Frey | WBN |  |
| Fri, Nov 9, 11:00 GMT | What Moves Currencies? − Weekly Wrap−Up | Tony Juste | WBN | |
| Fri, Nov 9, 13:00 GMT | US Pre−Market Open  | Ed Ponsi | WBN |  |
| Fri, Nov 9, 15:00 GMT | Live Trading | Tony Juste | WBN | |
Current Session: Europe
EUR/USD
Daily Technical Analysis − EUR: Inching to another new record high at 1.4739 by Mizuho Corporate Bank
Inching to another new record high at 1.4739, the Euro is somewhat overbought and bullish momentum us very strong. Quite terrifying to see how many are only just waking up to the implications of generalised UDS dollar weakness. The Euro remains well bid at these record highs and would benefit from a bout of consolidation.
- GBP/USD watch 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 − A volatile end to the week by Jyske Bank
Daily Recommended Trades − EUR/USD daily outlook by E−Forex
Daily Forex Technical Report − Dollar Weakens Further against European Majors after Bernanke by ActionForex.com
Currencies at a Glance
- EUR/USD
- Continues to move up toward second resistant level 1.4749
11/09/2007 08:09 GMT - GBP/USD
- Moves up above first resistant level 2.1136
11/09/2007 08:09 GMT - USD/CHF
- Continues to move down toward second support level 1.1200
11/09/2007 08:09 GMT - USD/JPY
- Trades around pivot level 112.67
11/09/2007 08:09 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 TOTAL TRADE BALANCE
| Date (GMT) | Event | Cons. | Previous | |
| Nov 9 | 09:30 | Total Trade Balance | -4.1B | -4.1B |
Forex Technical Report - Forex Technical Report GBP/USD by iFOREX.bg
[ Full Story ]- Tony Juste, FX Advisor at FXstreet.com: "I want to start seeing the real effect of the recent rise in GBP on the economy of the UK region. A good way would be seeing the trade figures down more than expected, making people start to think about it a bit more seriously." − FXstreet.com
Top Market Movers Review
Switzerland SECO CONSUMER CLIMATE
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Nov 9 | 06:45 | SECO Consumer Climate | 15 | 11 | 15 |
Swiss SECO Consumer Climate Index remains flat at 15 in October (FXstreet.com)
Consumer climate remains in good shape in Switzerland, as the SECO quarterly indicator, which measures 1,100 families, remained at a high level in October, unchanged from July.
[ Full Story ]- State Secretariat for Economic Affairs homepage
- Swiss consumer sentiment remains unchanged in October (Thomson Financial News)
Japan INDUSTRIAL PRODUCTION
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Nov 9 | 04:30 | Industrial Production (MoM) | -1.4% | -1.4% | 3.5% |
| Nov 9 | 04:30 | Industrial Production (YoY) | 0.8% | - | 4.4% |
| Nov 9 | 04:30 | Capacity Utilization | 108.6 | - | 109.7 |
Japan Sep Revised Indus Output −1.4% M/M Vs −1.4% Prelim (Dow Jones)
Industrial output in Japan fell 1.4% on month in September, unchanged from preliminary data, the government said Friday. It was the first fall in two months after a 3.5% rise in August, the Ministry of Economy, Trade and Industry said.
[ Full Story ]- Read the Industrial Production report at Japan Ministry of Economy, Trade and Industry
- Japan industrial output falls 1.4 pct in September, in line with estimate (Thomson Financial News)
Weekly Economic and Financial Commentary - The "R" Word Is Cropping Up by Wachovia
Economic Events
| Date (GMT) | Country | Event | Actual | Cons. | Previous | |
| Nov 9 | 04:30 | JP | Capacity Utilization (Sep) | 108.6 | 109.7 | |
| 04:30 | JP | Industrial Production (MoM) (Sep) | -1.4% | -1.4% | 3.5% | |
| 04:30 | JP | Industrial Production (YoY) (Sep) | 0.8% | 4.4% | ||
| 06:45 | CH | SECO Consumer Climate (Oct) | 15 | 11 | 15 | |
| 09:30 | UK | Total Trade Balance (Sep) | -4.1B | -4.1B | ||
| 11:00 | EMU | OECD Leading Indicator Index (Sep) | 107.3 | |||
| 13:30 | US | Import Price Index (MoM) (Oct) | 1.1% | 1.0% | ||
| 13:30 | US | Import Price Index (YoY) (Oct) | 5.2% | |||
| 13:30 | CA | International Merchandise Trade (Sep) | -$4.10B | $4.07B | ||
| 13:30 | US | Trade Balance (Sep) | -$58.50 | -$57.59B | ||