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Start: Mon, Nov 5, 14:00 GMT
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Expert: Derek Frey
Start: Mon, Nov 5, 15:00 GMT
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Type of Session: Webinar
| Sponsored by | ||||
| Mon, Nov 5, 12:00 GMT | Weekly Webinar: 1st on Forex − The Week Ahead | Jerry Furst | WBN |  |
| Mon, Nov 5, 14:00 GMT | FX Instructor Live Trading Room  | Nader Moustafa | WBN | |
| Mon, Nov 5, 15:00 GMT | Derek Frey's Outlook | Derek Frey | WBN | |
| Mon, Nov 5, 16:00 GMT | Advanced Methods for Finding Dominant Trends in Forex Markets | Steve Primo | WBN |  |
Current Session: Europe − U.S.
EUR/USD
Forex Technical Report − GBP/USD 2.0861 − 5 November by iFOREX.bg
GBP/USD Open 2.0887 High 2.0895 Low 2.0759 Close 2.0770
The British Pound reached its highest level against the US Dollar since 1991. Although its strong upwards impulse the Cable met hard resistance at 2.0889.
- GBP/USD intraday chart analysis at Tony Juste's blog
- Long−term Forex Perspectives: Our new blog by John Jagerson and S. Wade Hansen
- New Webinars Video − Access now Educational Sessions Recordings
- Check out how pairs moved: Live Currency Rates & Charts
- 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:
Daily Analysis − Pound falls, gilts tick higher after weak UK data by Finotec Group Inc.
Preview Strategies for − Preview Strategies for US SESSION 05/11/2007 by AKforex
Daily Technical Analysis − EUR : The strongest ever weekly close – for a third consecutive week by Mizuho Corporate Bank
Majors at a Glance
- EUR/USD
- Stays below pivot level 1.4484
11/05/2007 12:13 GMT - GBP/USD
- Back above first support level 2.0805
11/05/2007 12:13 GMT - USD/CHF
- Trades around pivot level 1.1535
11/05/2007 12:13 GMT - USD/JPY
- Moves down toward last week low 114.34 , below first support level 114.34
11/05/2007 12:14 GMT
Analyst Sentiment Index (ASI)
Analysts Sentiment Index - EUR/USD
**Source : ActionForex.com, CMS Forex, Danske Bank A/S, FXstreet.com, Global Forex Trading, Mizuho Corporate Bank
[ View ASI page ] [ View EUR/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 | |
| Nov 5 | 15:00 | ISM Non−Manufacturing | 54.0 | 54.8 |
US economic indicators - ISM non−manufacturing index could have declined again markedly in October by BHF−Bank
The ISM non−manufacturing index has remained on a higher level than its manufacturing counterpart, but also declined markedly in the 3rd quarter. We expect it to have gone down again in October, from 54.8 to about 51.5.
[ Full Story ]- Ahead of the Bell: ISM Services index (Thomson Financial News)
Top Market Movers Review
UK INDUSTRIAL PRODUCTION
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Nov 5 | 09:30 | Manufacturing Production (YoY) | -0.1% | 0.6% | 0.6% |
| Nov 5 | 09:30 | Industrial Production (MoM) | -0.4% | 0.2% | 0.1% |
| Nov 5 | 09:30 | Manufacturing Production (MoM) | -0.6% | 0.0% | 0.5% |
| Nov 5 | 09:30 | Industrial Production (YoY) | -0.2% | 0.4% | 0.7% |
UK industrial production, weaker than expected in September (FXstreet.com)
British Industrial production as well as manufacturing output have posted larger than expected declines in September, according to the latest industrial report published by National Statistics.
[ Full Story ]- Read the Index of Production at National Statistics
- UPDATE: UK Sep Mfg Ouptut Weakest Yr−On−Yr Since Feb 2006 (Dow Jones)
- UK Sept manufacturing output falls sharply, may weigh on Q3 GDP (Thomson Financial News)
- DATA SNAP: UK Sep Mfg Output −0.6% On Month, −0.1% On Year (Dow Jones)
UK PURCHASING MANAGER INDEX SERVICES
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Nov 5 | 09:30 | Purchasing Manager Index Services | 53.1 | 56.2 | 56.7 |
UK PMI Services falls sharply in October (FXstreet.com)
Purchasing Managers Index of the services sector fell to the level of 53.1 points in October, after registering a reading of 56.7 points in September. The result came out well below market consensus, which anticipated a smaller fall to the level of 56.2 points.
[ Full Story ]- NTC Economics homepage
- Forex − Pound suffers after sharp drop in UK services PMI (Thomson Financial News)
- UK CIPS Oct services PMI falls to 53.1, lowest in over 4 years − sources (Thomson Financial News)
- UK October Services PMI 53.1 Vs 56.7 In September − Sources (Dow Jones)
Friday Notes - ECB – caught between rising inflation fears and persisting growth risks by HVB Group
Economic Events
| Date (GMT) | Country | Event | Actual | Cons. | Previous | |
| Nov 5 | 09:30 | UK | Industrial Production (MoM) (Sep) | -0.4% | 0.2% | 0.1% |
| 09:30 | UK | Industrial Production (YoY) (Sep) | -0.2% | 0.4% | 0.7% | |
| 09:30 | UK | Manufacturing Production (MoM) (Sep) | -0.6% | 0.0% | 0.5% |
|
| 09:30 | UK | Manufacturing Production (YoY) (Oct) | -0.1% | 0.6% | 0.6% | |
| 09:30 | UK | Purchasing Manager Index Services (Oct) | 53.1 | 56.2 | 56.7 | |
| 15:00 | US | ISM Non−Manufacturing (Oct) | 54.0 | 54.8 |
||
| Nov 6 | 00:01 | UK | NIESR GDP Estimate (QoQ) (Oct) | 0.7% | ||
| 02:00 | NZ | ANZ Commodity Price (Oct) | 0.4% | |||
| 05:00 | JP | Coincident Index (Sep)  | 66.7% | 1.0% | ||
| 05:00 | JP | Leading Economic Index (Sep) | 0.0 | 27.3 | ||