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Live Sessions Schedule
Raghee Horner's Four Step Trading: Forex
Expert: Raghee Horner
Start: Thu, Jun 7, 13:00 GMT
Sponsored by: 
Type of Session: Webinar
Combining Indicators and Ocsilators with True Support and Resistance
Expert: Sam Seiden
Start: Thu, Jun 7, 15:00 GMT
Sponsored by: 
Type of Session: Webinar
| Sponsored By: | ||||
| Thu, Jun 7, 12:00 GMT | US Pre-Market Open  | Ed Ponsi | WBN | |
| Thu, Jun 7, 13:00 GMT | Raghee Horner's Four Step Trading: Forex | Raghee Horner | WBN | |
| Thu, Jun 7, 14:00 GMT | Technical Analysis Q&A | Tony Juste | WBN | |
| Thu, Jun 7, 15:00 GMT | Combining Indicators and Ocsilators with True Support and Resistance | Sam Seiden | WBN | |
| Thu, Jun 7, 16:00 GMT | Trading with Tim Billups | Tim Billups | WBN |  |
Current Session: Europe - U.S.
GBP/USD
Forex Technical Report - Forex Technical Report GBP/USD by iFOREX.bg
GBP/USD Open 1.9909 High 1.9956 Low 1.9905 Close 1.9927
Yesterday's trading was quiet and the Pound was trading in the range 1.9908 - 1.9959 US Dollars. This morning the currency pair was exchanging at levels 1.9919 - 1.9942.
- Looking for the Trader of the Year 2007: Take part in the 1st FXstreet.com Trading Contest
- Price Flash: GBP cross well bid ahead of the BoE decision (it doesn't smell good...) by Tony Juste
- The Signals Tracker: track down the performance of a particular signals provider
- Check out how the currency moved on Live Currency Rates & Charts at FXstreet.com
- 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:
Global FX Daily - U.S. Edition - Strong Australian labour market data cements case for July rate hike by Mellon Foreign Exchange
Action Bias Summary Table - Action Bias Summary Table by ActionForex.com
Forex Daily Analysis - GBP Interest Rate Announcement & US Unemployment Claims by ForexYard
Majors at a Glance
- EUR/USD
- Continues to move down toward second support level 1.3455
06/07/2007 11:00 GMT - GBP/USD
- Continues to move down below second support level 1.9879
06/07/2007 11:00 GMT - USD/CHF
- Continues to move up above third resistant level 1.2226
06/07/2007 11:00 GMT - USD/JPY
- Trades slightly below first resistant level 121.42
06/07/2007 11:00 GMT
Analyst Sentiment Index (ASI)
Analysts Sentiment Index - GBP/USD
**Source : ActionForex.com, CMS Forex, Danske Bank A/S, Finotec Group Inc., FXstreet.com, Global Forex Trading Ltd. , Mizuho Corporate Bank
[ View ASI page ] [ View GBP/USD page ]
Charting the Market Movers
EUR USD, Hourly
GBP USD, Hourly
Top Market Movers Preview
US WHOLESALE SALES
| Date (GMT) | Event | Cons. | Previous | |
| Jun 7 | 14:00 | Wholesale Sales (MoM) | 1.0% | 1.8% |
The Week Ahead - ISM Services, Productivity & ULC, Wholesale Inventories & Trade Balance by BBVA Bancomer
We look for a 0.4% increase in wholesale inventories; 7.2% higher than the level of a year earlier. The recent deceleration of inventories appears to have bottomed according to the latest reports on durable goods orders and industrial production.
[ Full Story ]Top Market Movers Review
UK BOE INTEREST RATE DECISION
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Jun 7 | 11:00 | BOE Interest Rate Decision | 5.5% | 5.5% | 5.5% |
BoE keeps rates on hold at 5.50 pct UPDATE (AFX News)
The Bank of England's rate-setting Monetary Policy Committee has kept its key repo rate unchanged at a six-year high of 5.50 pct. The decision was widely anticipated, though there had been some jitters in the market that the rate setters may deliver a surprise in the same way as they did in January.
[ Full Story ]- Read the news release at the Bank of England
- BoE right to keep interest rates unchanged - CBI (AFX News)
- BoE must avoid further unnecessary rate rises - BCC (AFX News)
- UPDATE: Bank Of England Leaves Bank Rate Unchanged At 5.5% (Dow Jones)
- Philip Shaw, chief UK economist at Investec Securities: "The MPC held the bank rate steady amid market nerves that policy might have been tightened today." - AFX News
Global FX Daily - European Edition - Cable should head lower if MPC leaves rates unchanged by Mellon Foreign Exchange
Daily Forex Technical Report - Focus on BoE after Surprise from RBNZ by ActionForex.com
Economic Events
| Date (GMT) | Country | Event | Actual | Cons. | Previous | |
| Jun 7 | 01:30 | AU | Unemployment Rate (May) | 4.2% | 4.4% | 4.4% |
| 05:45 | CH | Unemployment Rate (May) | 2.7% | 2.8% | 2.9% | |
| 06:30 | BR | Interest Rate Decision | 12.0% | 12.5% | ||
| 11:00 | UK | BOE Interest Rate Decision | 5.5% | 5.5% | 5.5% | |
| 12:30 | US | Initial Jobless Claims (Jun 2) | 305K | 310K | ||
| 14:00 | US | Wholesale Sales (MoM) (Apr) | 1.0% | 1.8% | ||
| Jun 8 | 06:00 | DE | Current Account (Apr) | 12.2 | 17.2 | |
| 06:00 | DE | Trade Balance (Apr) | 15.0 | 18.4B | ||
| 08:30 | UK | Industrial Production (MoM) (Apr) | 0.2% | 0.3% | ||
| 08:30 | UK | Industrial Production (YoY) (Apr) | 0.6% | -0.2% | ||