Wednesday, Aug 08, 11:06 GMT
U.S. Trading Newsletter
To Get Started
- 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
- FXstreet.com 1st International Traders Conference - Come and meet our renowned Speakers
- Fed Meeting Review by FXstreet.com
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Live Sessions Schedule
Level of Sentiment in the FX Market
Expert: Antonio Sousa
Start: Wed, Aug 8, 13:00 GMT
Sponsored by: 
Type of Session: Webinar
Forex Market forecast for rest of the Year 2007
Expert: Dr.S.Sivaraman
Start: Wed, Aug 8, 15:00 GMT
Sponsored by: 
Type of Session: Webinar
| Sponsored by | ||||
| Wed, Aug 8, 13:00 GMT | Level of Sentiment in the FX Market | Antonio Sousa | WBN | |
| Wed, Aug 8, 15:00 GMT | Forex Market forecast for rest of the Year 2007 | Dr.S.Sivaraman | WBN | |
| Wed, Aug 8, 17:00 GMT | Trading Intermarket Relationships  | John Jagerson | WBN | |
| Wed, Aug 8, 18:00 GMT | Live Look at Today’s Markets | Derek Frey | WBN |  |
| Thu, Aug 9, 08:00 GMT | London Open: Live Market Analysis with FX Bootcamp | Wayne McDonell | WBN |  |
Current Session: Europe - U.S.
GBP/USD
Forex Technical Report - Forex Technical Report GBP/USD by iFOREX.bg
GBP/USD 2.0247 - 8 August 2007
GBP/USD Open 2.0220 High 2.0336 Low 2.0189 Close 2.0213
Resistance for the Cable is 2.0492, which is 62.2% correction of the drop 2.0648 - 2.0183, the closing to which provoked huge drop on Monday. Its break leads to test of the 26 year top at 2.0648.
- 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:
Pairs to Range Trade - EUR/AUD - The Pair to Short-Term Range Trade by FXCM
Daily technical research by FX Instructor
Daily Forex Technical Report - Sterling Pressing MA Support ahead of BoE Inflation Report by ActionForex.com
Majors at a Glance
- EUR/USD
- Moves up above pivot level 1.3762
08/08/2007 10:56 GMT - GBP/USD
- Moves up above pivot level 2.0244 after bounced at first support level 2.0155
08/08/2007 10:56 GMT - USD/CHF
- Moves down below pivot level 1.1949
08/08/2007 10:56 GMT - USD/JPY
- Trades above first resistant level 119.19
08/08/2007 10:56 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 INVENTORIES
| Date (GMT) | Event | Cons. | Previous | |
| Aug 8 | 14:00 | Wholesale Inventories | 0.4% | 0.5% |
US economic indicators - Productivity probably rose more strongly in Q2 by BHF-Bank
We expect wholesale inventories to have increased by 0.2% mom in June. This would be less marked than in May and in line with the Commerce department’s rather low estimate of inventories’ contribution to growth in Q2.
[ Full Story ]- Ahead of the Bell: Wholesale Trade (Thomson Financial News)
Top Market Movers Review
UK BANK OF ENGLAND QUARTERLY INFLATION REPORT
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Aug 8 | 09:30 | Bank of England Quarterly Inflation Report | - | - | - |
European Market Update - BOE Sees the Need for One More Rate Hike by Trade The News
In the quarterly inflation report released overnight the Bank of England said that one more rate increase will bring consumer prices to their target level by 2009. The reports said that risks to CPI are slightly to the upside in the medium term.
[ Full Story ]- Read the Inflation Report at BoE
- Further BoE rate rise may be damaging to business; 6 pct should mark peak - BCC (Thomson Financial News)
- Forex - Pound recoups short-lived falls after BoE inflation report (Thomson Financial News)
- BoE's King says businesses pose main inflation risk (Thomson Financial News)
Economic Events
| Date (GMT) | Country | Event | Actual | Cons. | Previous | |
| Aug 8 | 05:45 | CH | Unemployment Rate (Jul) | 2.50% | 5.25% | 2.50% |
| 06:00 | DE | Current Account (Jun) | 16.6B | 12.0B | 8.9B |
|
| 06:00 | DE | Trade Balance (Jun) | 16.5B | 17.8B | 17.3B |
|
| 09:30 | UK | Bank of England Quarterly Inflation Report | ||||
| 14:00 | US | Wholesale Inventories (Jun) | 0.4% | 0.5% | ||
| 14:30 | US | EIA Crude Oil Stocks (Aug 3) | -6.5M | |||
| 22:45 | NZ | Unemployment Rate (2Q) | 3.7% | 3.8% | ||
| Aug 9 | 01:30 | AU | Unemployment Rate (Jul) | 4.4% | 4.3% | |
| 08:00 | EMU | ECB Publishes Monthly Report (Aug) | ||||
| 08:30 | UK | Total Trade Balance (Jun) | -3.900B | -3.511B | ||