Thursday, Nov 06, 08:42 GMT
EUROPEAN Trading Newsletter
To Get Started
- Webinar Videos: Fundamental Review by Adam Rosen
- All the events of the day in our Economic Calendar
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Forex Blogs
FX Market Readings: BOE and ECB interest rate decision time − expected market moves by Dr. S. Sivaraman
Yesterday EURO and GBP made the rise during US session start time and later consolidated near high and started the slide towards close and made the initial rise and dropped during Japanese session today. They are expected to make a drop below low before the data release time.
FxBootcamp: Forex Video - News Trade Alert - November 6, 2008 by Wayne McDonell
1st on Forex: Obama Wins – Market Sells the News - "Rattle ya Jewlery" by Jerry Furst
Live Sessions Schedule
Tracking the forex market together / Part I
Expert: Dr.S.Sivaraman
Start: Thu, Nov 6, 11:00 GMT
Type of Session: Webinar
Live Look at Today's Markets
Expert: Derek Frey
Start: Thu, Nov 6, 18:00 GMT
Sponsored by: 
Type of Session: Webinar
| Sponsored by | ||||
| Thu, Nov 6, 11:00 GMT | Tracking the forex market together / Part I | Dr.S.Sivaraman | WBN |  |
| Thu, Nov 6, 12:00 GMT | FX Instructor Live Trading Room  | Mark De La Paz | WBN |  |
| Thu, Nov 6, 15:00 GMT | Tracking the forex market together / Part II | Dr.S.Sivaraman | WBN | |
| Thu, Nov 6, 16:00 GMT | Advanced Methods for Finding Dominant Trends in Forex Markets | Mark Whistler | WBN | |
Current Session: Europe
USD/JPY
Technical Summary for Majors − USD/JPY − Pulling back from Tuesday's rally by Windsor Brokers Ltd
The Euro (EUR) fell to USD strength in Asia before weak US data allowed the 1.30 level to be targeted again. EUR/JPY selling weighed as US stock losses mounted. September European Retail Sales were weak at −0.2% vs. +0.3% previously. Overall the EUR/USD traded with a low of 1.2529 and a high of 1.3115 before closing the day at 1.2980 in the New York session. Looking ahead, the ECB meets tonight and is expected to cut to 3.25% from 3.75%.
Analyst Sentiment Index (ASI)
Analysts Sentiment Index - EUR/USD
**Source : ActionForex.com, CMS Forex, Danske Bank A/S, FXstreet.com, Mizuho Corporate Bank, MolFX - Management
[ 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 6 | 12:45 | ECB Interest Rate Decision | 3.25% | 3.75% |
| Nov 6 | 12:00 | BoE Interest Rate Decision | 4.0% | 4.5% |
WRAPUP − Grim UK data sets stage for BoE rate cuts (Thomson Financial News)
Britain's service sector shrank at a record pace and factory output posted its longest decline since the 1980 recession, in a slew of bad news on Wednesday boosting the chances of a big Bank of England rate cut this week.
[ Full Story ]- UPDATE 1−Brown urges UK banks to pass on interest rate cuts (Thomson Financial News)
Daily Market Commentary - GBP/USD: risk of a 1% rate cut by GFT (Global Forex Trading)
Market Session Recaps - Asia Session by FOREX.com
Top Market Movers Review
Australia UNEMPLOYMENT RATE
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Nov 6 | 00:30 | Unemployment Rate | 4.3% | 4.3% | 4.3% |
DATA SNAP: Australian Oct Unemployment Rate 4.3% (Dow Jones)
Australia's unemployment rate stayed at a better−than−expected seasonally adjusted 4.3% in October from September. The number of employed rose 34,300, the Australian Bureau of Statistics said Thursday. Economists on average had expected an unemployment rate of 4.4% in October, with the number of employed down 7,500.
[ Full Story ]- Read the Unemployment Rate at Australian Bureau of Statistics
- UPDATE 1−Australia enjoys surprise jobs jump amid gloom (Thomson Financial News)
- INSTANT VIEW 4−Australia jobs enjoy surprise jump in Oct (Thomson Financial News)
- INSTANT VIEW 3−Australia jobs enjoy surprise jump in Oct (Thomson Financial News)
New Zealand UNEMPLOYMENT RATE
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Nov 5 | 21:45 | Unemployment Rate | 4.2% | 4.3% | 3.9% |
INSTANT VIEW−NZ unemployment rises to 5−year high (Thomson Financial News)
New Zealand's jobless rate rose to its highest level in nearly five years in the third quarter, as the recession started to be felt, easing the tight labour market and likely paving the way to further rate cuts. The unemployment rate rose to 4.2 percent −− its highest since December 2003 −− from 3.9 percent in the previous quarter as the growth in the labour force outstripped the growth in jobs.
[ Full Story ]- Read the Unemployment Rate at Statistics New Zealand
- UPDATE 2−NZ jobless rate jumps to 5−year high (Thomson Financial News)
- UPDATE 1−NZ unemployment jumps to 5−year high (Thomson Financial News)
- INSTANT VIEW 3−NZ unemployment rises to 5−year high (Thomson Financial News)
Economic Events
| Date (GMT) | Country | Event | Actual | Cons. | Previous | |
| Nov 6 | 00:30 | AU | Employment Change (Sep) | 34.3K | -10.0K | 2.2K |
| 00:30 | AU | Unemployment Rate (Oct) | 4.3% | 4.3% | 4.3% | |
| 05:00 | JP | Coincident Index (Sep)  | 100.8% | 100.8% | 100.6% | |
| 05:00 | JP | Leading Economic Index (Sep) | 89.2 | 89.2 | 89.0 | |
| 09:00 | UK | Halifax House Prices (MoM) (Oct) | -1.3% | |||
| 09:00 | UK | Halifax House Prices (YoY) (Oct) | -1.3% | -12.4% | ||
| 11:00 | DE | Factory Orders n.s.a. (YoY) (Sep) | -7.6% | |||
| 11:00 | DE | Factory Orders s.a. (MoM) (Sep) | -1.5% | 3.6% | ||
| 12:00 | UK | BoE Interest Rate Decision | 4.0% | 4.5% | ||
| 12:45 | EMU | ECB Interest Rate Decision | 3.25% | 3.75% | ||