Tuesday, Nov 06, 12:07 GMT
U.S. Trading Newsletter
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Live Sessions Schedule
Forex with Ed Ponsi
Expert: Ed Ponsi
Start: Tue, Nov 6, 14:30 GMT
Type of Session: Webinar
Technical Analysis Bootcamp: The indicators you need to know and how to interpret them
Expert: Dan Blystone
Start: Tue, Nov 6, 15:00 GMT
Type of Session: Webinar
| Sponsored by | ||||
| Tue, Nov 6, 12:00 GMT | FX Instructor Live Trading Room | Sunil Mangwani | WBN |  |
| Tue, Nov 6, 13:00 GMT | US Pre−Market Open  | Ed Ponsi | WBN |  |
| Tue, Nov 6, 14:30 GMT | Forex with Ed Ponsi | Ed Ponsi | WBN | |
| Tue, Nov 6, 15:00 GMT | Technical Analysis Bootcamp: The indicators you need to know and how to interpret them | Dan Blystone | WBN | |
Current Session: Europe − U.S.
GBP/USD
Forex Technical Report − GBP/USD 2.0840 − 6 November by iFOREX.bg
GBP/USD Open 2.0808 High 2.0900 Low 2.0782 Close 2.0812.
The British Pound could not overcome the resistance at 2.0889 against the US Dollar and got back to around 2.0805. Resistance for today again is 2.0889, followed by the 2 month upper trend channel line 2.0955, and 2.0995. We have support at the 23.5% Fibonacci of the last climb 2.0255 − 2.0892 at 2.0750, followed by 2.0647 and the 38.4% Fibonacci of the above mentioned climb at 2.0695.
- Technical Trigger: GBP/USD 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:
Preview Strategies for − Preview Strategies for US SESSION 06/11/2007 by AKforex
Trading News Report − How To Trade October NFPs by FXCM
Daily Analysis − Sub prime affect lower the U.S stocks, push the Yen higher by Finotec Group Inc.
Majors at a Glance
- EUR/USD
- Continues to move up toward second resistant level 1.4558
11/06/2007 12:07 GMT - GBP/USD
- Trades below first resistant level 2.0873
11/06/2007 11:49 GMT - USD/CHF
- Continues to move down below third support level 1.1464
11/06/2007 11:51 GMT - USD/JPY
- Stays above opening price level 114.54 , above pivot level 114.46
11/06/2007 11:52 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 ABC CONSUMER CONFIDENCE
| Date (GMT) | Event | Cons. | Previous | |
| Nov 6 | 22:00 | ABC Consumer Confidence | - | -15 |
Weekly Forex Market Commentary - The US economic calendar will begin on Tuesday with the release of the consumer confidence report for October by Global Forex Trading
The US economic calendar will begin on Tuesday with the release of the consumer confidence report for October. Wednesday will see the release of the Chicago PMI report for October, the revision of the GDP for the second quarter, and of the construction spending report for September.
[ Full Story ]Top Market Movers Review
Germany FACTORY ORDERS S.A.
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Nov 6 | 11:00 | Factory Orders s.a. (MoM) | -2.5% | 0.0% | 1.9% |
| Nov 6 | 11:00 | Factory Orders n.s.a. (YoY) | 1.1% | 6.5% | 4.5% |
DATA SNAP: German Sep Mfg Orders −2.5% MM, Unadj +1.1% YY (Dow Jones)
German manufacturing orders declined in September, with demand for capital goods showing the steepest losses, the German Economics Ministry said Tuesday. The volume of new orders fell 2.5% on the month in September on a seasonally−adjusted basis. New orders increased 1.1% on the year, on an unadjusted basis.
[ Full Story ]- German Economics Ministry homepage
- German Sept manufacturing orders down 2.5 pct vs August; consensus down 0.4 pct (Thomson Financial News)
- German Factory orders tumble unexpectedly in September (FXstreet.com)
EMU economic indicators - German industrial new orders and output in the producing sector probably deteriorated in September by BHF−Bank
EMU RETAIL SALES
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Nov 6 | 10:00 | Retail Sales (MoM) | 0.3% | 0.5% | 0.0% |
| Nov 6 | 10:00 | Retail Sales (YoY) | 1.6% | 2.1% | 0.8% |
DATA SNAP: Euro−Zone Sep Retail Sales Lower Than Forecast (Dow Jones)
Retail trade growth in the euro zone disappointed in September, coming in well below economists' expectations, as spending dips in Austria, Portugal and Spain dragged the measure down.
[ Full Story ]- Read the Volume of retail trade up by 0.3% in euro area at Eurostat
- Euro zone Sept retail sales up 0.3 pct vs Aug; up 1.6 pct yr−on−yr (Thomson Financial News)
- Euro Zone Retail Sales grow less than expected in September (FXstreet.com)
- EU Retail Sales increase 0.3% on the month; 1.6% year−on−year in September (FXstreet.com)
Economic Events
| Date (GMT) | Country | Event | Actual | Cons. | Previous | |
| Nov 6 | 10:00 | EMU | Producer Price Index (MoM) (Sep) | 0.4% | 0.4% | 0.1% |
| 10:00 | EMU | Producer Price Index (YoY) (Sep) | 2.7% | 2.6% | 1.7% | |
| 10:00 | EMU | Retail Sales (MoM) (Sep) | 0.3% | 0.5% | 0.0% |
|
| 10:00 | EMU | Retail Sales (YoY) (Sep) | 1.6% | 2.1% | 0.8% |
|
| 11:00 | DE | Factory Orders n.s.a. (YoY) (Sep) | 1.1% | 6.5% | 4.5% |
|
| 11:00 | DE | Factory Orders s.a. (MoM) (Sep) | -2.5% | 0.0% | 1.9% |
|
| 13:30 | CA | Building Permits (MoM) (Sep) | 1.5% | 1.4% | ||
| 14:00 | CA | Ivey Purchasing Managers Index (Oct) | 54.9 | 56.0 | ||
| 17:30 | US | Bernanke speaks at Microfinance Conference | ||||
| 22:00 | US | ABC Consumer Confidence (Nov 4) | -15 | |||