Thursday, Jul 05, 12:03 GMT
U.S. Trading Newsletter
To Get Started
- FXstreet.com International Traders Conference: Come to Barcelona! Enjoy the Special Early Bird Discount
- Be prepared for the next Non-Farm Payrolls - Trade it LIVE with Wayne McDonell
- Who is going to be the FX Trader of the year? Find it out in the Forum
Send us your feedback. Post your comments about the new newsletters' format in the Forum.
Live Sessions Schedule
SPECIAL EVENT: Trade Non-Farm Payrolls LIVE - 14th Edition
Expert: Wayne McDonell
Start: Fri, Jul 6, 12:00 GMT
Sponsored by: 
Type of Session: Webinar
What moves currencies?
Expert: Tony Juste
Start: Mon, Jul 9, 10:00 GMT
Sponsored by: 
Type of Session: Webinar
| Sponsored By: | ||||
| Thu, Jul 5, 13:00 GMT | Raghee Horner's Four Step Trading: Forex  | Raghee Horner | WBN |  |
| Thu, Jul 5, 14:00 GMT | Technical Analysis Q&A | Tony Juste | WBN |  |
| Thu, Jul 5, 15:00 GMT | Advanced Methods for Finding Dominant Trends in Forex Markets | Steve Primo | WBN | |
| Thu, Jul 5, 16:00 GMT | Trading with Tim Billups | Tim Billups | WBN | |
| Thu, Jul 5, 18:00 GMT | Live Look at Today’s Markets | Derek Frey | WBN |  |
Current Session: Europe - U.S.
GBP/USD
BOE Decision Reaction - Price Flash: GBP/USD hits extreme overbought level @ 2.0195 by FXstreet.com
The proportions of Cable's moves are amazing. the unit has hit the DYNAMIC resistance line @ 2.0188 and has even moved beyond to hit extreme OB level 2.0195 after the initial selloff post-BoE decision. Really an exciting price action in the pair at the moment.
- Looking for the Trader of the Year 2007: Take part in the 1st FXstreet.com Trading Contest
- Trade Alert (intraday): EUR/USD (II) 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:
Forex Technical Report - Forex Technical Report GBP/USD by iFOREX.bg
Daily Forex Technical Report - Euro Resumes Rally. BoE, ECB, ADP and ISM Awaited by ActionForex.com
Forex Daily Analysis - 05/07/'07 - GBP & EUR Interest Rate Statements by ForexYard
Majors at a Glance
- EUR/USD
- Moves up above third resistant level 1.3653
07/05/2007 10:13 GMT - GBP/USD
- Trades below pivot level 2.0173
07/05/2007 10:14 GMT - USD/CHF
- Moves down below third support level 1.2125
07/05/2007 10:14 GMT - USD/JPY
- Moves down below first support level 122.36 after hit first resistant level 122.85
07/05/2007 10:15 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 ISM NON-MANUFACTURING
| Date (GMT) | Event | Cons. | Previous | |
| Jul 5 | 14:00 | ISM Non-Manufacturing | - | 59.7 |
Friday Notes - Inflation risks still skewed to the upside by HVB Group
Respondents from various services industries included in the ISM non-manufacturing survey have been uniformly upbeat about production, orders and employment conditions in their businesses. Nothing happened in June to dim their enthusiasm.
[ Full Story ]Top Market Movers Review
EMU ECB INTEREST RATE DECISION
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Jul 5 | 11:45 | ECB Interest Rate Decision | 4% | 4% | 4% |
ECB Leaves Key Interest Rate Unchanged At 4.00%, As Expected (Dow Jones)
The European Central Bank Thursday decided to leave interest rates unchanged, as markets had expected, after having raised rates 25 basis points in June.
[ Full Story ]- Monetary policy decisions at ECB
- The ECB mantains interest rates at 4% (FXstreet.com)
UK BOE INTEREST RATE DECISION
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Jul 5 | 11:00 | BOE Interest Rate Decision | 5.75% | 5.50% | 5.50% |
The Bank of England raises interest rates to 5.75% (FXstreet.com)
The Monetary Policy Committee of the Bank of England has decided after their monthly meeting, to hike its key interest rate a quarter of a point to 5.75%.
[ Full Story ]- Read the Bank Rate raised to 5.75% at BoE
- UK's CBI warns BoE against rate hike 'overkill' (Thomson Financial News)
- BoE rate hike to 'prove painful' for households, manufacturers - TUC (Thomson Financial News)
- BoE rate hike will dampen housing market further - BSA (Thomson Financial News)
Economic Events
| Date (GMT) | Country | Event | Actual | Cons. | Previous | |
| Jul 5 | 05:00 | JP | Leading Economic Index (May) | 30.0 | 40.0 | 18.2 |
| 11:00 | UK | BOE Interest Rate Decision | 5.75% | 5.50% | 5.50% | |
| 11:45 | EMU | ECB Interest Rate Decision | 4% | 4% | 4% | |
| 12:30 | CA | Building Permits (MoM) | -4.5% | -8.4% | ||
| 12:30 | US | Initial Jobless Claims | 315K | 313K | ||
| 14:00 | US | ISM Non-Manufacturing | 59.7 | |||
| 14:00 | CA | Ivey Purchasing Managers Index | 62.0 | 62.7 | ||
| Jul 6 | 05:45 | CH | Unemployment Rate (Jun) | 2.6% | 2.7% | |
| 08:30 | UK | Industrial Production (MoM) | 0.3% | 0.3% | ||
| 08:30 | UK | Industrial Production (YoY) | 0.3% | 0.4% | ||