Thursday, Aug 02, 11:43 GMT
U.S. Trading Newsletter
To Get Started
- SPECIAL EVENT: Trade Non-Farm Payrolls LIVE - 15th Edition with Wayne McDonell
- Website Renewed! All the Forex Market news and research also in Spanish
- Have a look at Postcards from the Right Edge! The new blog by Rob Booker
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Live Sessions Schedule
US Pre-Market Open
Expert: Ed Ponsi
Start: Thu, Aug 2, 12:00 GMT
Sponsored by: 
Type of Session: Webinar
How to Get Started Trading Forex
Expert: Steve Primo
Start: Thu, Aug 2, 15:00 GMT
Sponsored by:
Type of Session: Webinar
| Sponsored by | ||||
| Thu, Aug 2, 12:00 GMT | US Pre-Market Open  | Ed Ponsi | WBN | |
| Thu, Aug 2, 15:00 GMT | How to Get Started Trading Forex | Steve Primo | WBN | |
| Fri, Aug 3, 12:00 GMT | SPECIAL EVENT: Trade Non-Farm Payrolls LIVE - 15th Edition | Wayne McDonell | WBN |  |
| Mon, Aug 6, 13:00 GMT | FX Instructor Live Trading Room | Sunil Mangwani | WBN |  |
| Tue, Aug 7, 11:00 GMT | FX Instructor Live Trading Room | Sunil Mangwani | WBN | |
Current Session: Europe - U.S.
EUR/USD
Bank Recomendations - Claude Mattern, BNP Paribas by Finotec Group Inc.
The currency pair is still seen holding above $1.3645, with a rebound above $1.3690, towards $1.3730. However downside risk is increasing, with $1.3610 as a bearish break point target at $1.3560."
- Postcards from the Right Edge!: New technical analysis blog by Rob Booker
- 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:
USD/JPY Daily Technical Forex - USD/JPY Daily Technical Forex by Stoploss.ch
Daily Forex Technical Report - ECB and BoE to Hold, Markets in Range by ActionForex.com
EUR/USD Daily Technical Forex - EUR/USD Daily Technical Forex by Stoploss.ch
Majors at a Glance
- EUR/USD
- Stays below pivot level 1.3671
08/02/2007 10:59 GMT - GBP/USD
- Trades around opening price level 2.0324 , above pivot level 2.0292
08/02/2007 10:59 GMT - USD/CHF
- Continues to trade around opening price level 1.2041 , above pivot level 1.2023
08/02/2007 10:59 GMT - USD/JPY
- Back above pivot level 118.51 after bounced at 118.33
08/02/2007 10:59 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 FACTORY ORDERS
| Date (GMT) | Event | Cons. | Previous | |
| Aug 2 | 14:00 | Factory Orders | 1.0% | -0.5% |
Ahead of the Bell: Factory Orders (Thomson Financial News)
Government figures on U.S. factory orders are expected to show that demand bounced back in June after slipping the prior month for the first time this year. The U.S. Commerce Department data are expected to show that orders for big-ticket and less expensive items rose 0.9 percent in June.
[ Full Story ]Top Market Movers Review
EMU ECB INTEREST RATE DECISION
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Aug 2 | 11:45 | ECB Interest Rate Decision | 4% | 4% | 4% |
ECB and BoE meeting Preview by FXstreet.com
After June's hike the ECB meets this month under an almost sure decision in mind: keep its actual interest rate on hold at 4%. Many analysts forecast a possible rate hike on September.
- ECB calls surprise press briefing (Thomson Financial News)
UK BOE INTEREST RATE DECISION
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Aug 2 | 11:00 | BoE Interest Rate Decision | 5.75% | 5.75% | 5.75% |
The Bank of England leaves key rate on hold at 5.75% (FXstreet.com)
The BoE’s Monetary Policy Committee has decided to keep interest rates on hold at 5.75%, after having raised them by a quarter of point in June, which was the fifth rise in the past 12 months.
[ Full Story ]- Read the Bank Rate maintained at 5.75% at BoE
- BCC welcomes BoE verdict to keep rates unchanged (Thomson Financial News)
- BoE right to hold rates, should resist any further hikes for time being - BRC (Thomson Financial News)
- Bank Of England Leaves Bank Rate Unchanged At 5.75% (Dow Jones)
ECB and BoE meeting Preview by FXstreet.com
Daily Forex Commentary - Rate Announcement from BoE today by Jyske Bank
Economic Data Roundup - United Kingdom: 2/8 MPC Meeting Begins by ODL Securities
Economic Events
| Date (GMT) | Country | Event | Actual | Cons. | Previous | |
| Aug 2 | 09:00 | EMU | Producer Price Index (MoM) (Jun) | 0.1% | 0.3% | 0.3% |
| 09:00 | EMU | Producer Price Index (YoY) (Jun) | 2.3% | 2.3% | 2.3% | |
| 11:00 | UK | BoE Interest Rate Decision | 5.75% | 5.75% | 5.75% | |
| 11:45 | EMU | ECB Interest Rate Decision | 4% | 4% | 4% | |
| 12:30 | US | Initial Jobless Claims (Jul 28) | 315 | 301K | ||
| 14:00 | US | Factory Orders (Jun) | 1.0% | -0.5% | ||
| Aug 3 | 05:45 | CH | Consumer Price Index (MoM) (Jul) | -0.6% | 0.1% | |
| 05:45 | CH | Consumer Price Index (YoY) (Jul) | 0.7% | 0.6% | ||
| 07:55 | DE | Purchasing Manager Index Services (Jul) | 58.5 | 58.9 | ||
| 08:00 | EMU | Purchasing Manager Index Services (Jul) | 58.1 | 58.1 | ||