Wednesday, Nov 07, 12:04 GMT
U.S. Trading Newsletter
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Live Sessions Schedule
US Pre−Market Open
Expert: Ed Ponsi
Start: Wed, Nov 7, 13:00 GMT
Type of Session: Webinar
Main technical theme in the currency market
Expert: Jamie Saettele
Start: Wed, Nov 7, 14:00 GMT
Sponsored by: 
Type of Session: Webinar
| Sponsored by | ||||
| Wed, Nov 7, 13:00 GMT | US Pre−Market Open  | Ed Ponsi | WBN |  |
| Wed, Nov 7, 14:00 GMT | Main technical theme in the currency market | Jamie Saettele | WBN | |
| Wed, Nov 7, 15:00 GMT | Intermarket Relationships | S. Wade Hansen | WBN | |
| Wed, Nov 7, 16:00 GMT | Managing your capital | Valeria Bednarik | WBN | |
Current Session: Europe − U.S.
GBP/USD
Forex Technical Report − GBP/USD 2.1010 − 7 November by iFOREX.bg
GBP/USD Open 2.0870 High 2.01026 Low 2.0873 Close 2.0942.
The British Pound quickly recovered, broke the psychological level 2.1000 and reached new record 1.1025. Next target upwards is is 2.1065, followed by 2.1120. We have supports at 2.0950, followed by 2.0905 and 2.0855.
- GBP/USD out of bounds 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 − Bets for euro gains, the pair EUR/USD at 1.47$ or even 1.50$ by Finotec Group Inc.
Wakeup Call on Forex Markets − EURUSD On Pace Towards 1.50? by Saxo Bank
Market Session Recaps − London Session by FOREX.com
Majors at a Glance
- EUR/USD
- Moves up break 1.4700 level , above third resistant level 1.4698
11/07/2007 11:59 GMT - GBP/USD
- Moves up above third resistant level 2.1023 , break 2.100 level
11/07/2007 11:59 GMT - USD/CHF
- Moves down toward third support level 1.1278
11/07/2007 11:59 GMT - USD/JPY
- Continues to drop below 113.35 , below third support level 113.87
11/07/2007 11:59 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 NONFARM PRODUCTIVITY
| Date (GMT) | Event | Cons. | Previous | |
| Nov 7 | 13:30 | Nonfarm Productivity | 2.8% | 2.6% |
US economic indicators - ISM non−manufacturing index could have declined again markedly in October by BHF−Bank
Given that GDP growth in Q3 reached an annualised 3.9% qoq and aggregate working hours did not increase as sharply as in Q2, non−farm productivity could have accelerated from 2.6% to an annualised 3.0% qoq in Q3.
[ Full Story ]- Ahead of the Bell: Productivity (Thomson Financial News)
Top Market Movers Review
Germany INDUSTRIAL PRODUCTION S.A.
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Nov 7 | 11:00 | Industrial Production s.a. (MoM) | 0.3% | -0.4% | 1.9% |
| Nov 7 | 11:00 | Industrial Production s.a. w.d.a. (YoY) | 6.0% | 5.1% | 5.2% |
DATA SNAP: German Sep Indus Output +0.3% On Mo, +6.0% On Yr (Dow Jones)
German industrial production rose in September, confounding market expectations of a decline, data from German Economics Ministry showed Wednesday. Industrial production rose a seasonally adjusted 0.3% on the month and a workday−adjusted 6.0% on the year in September, the ministry said.
[ Full Story ]- German Economics Ministry homepage
- German Sept industrial output up 0.3 pct from Aug; above consensus (Thomson Financial News)
- German industrial output increases unexpectedly in September (FXstreet.com)
- German BDI Indus Group: Strong Euro Difficult For Exporters (Dow Jones)
EMU economic indicators - German industrial new orders and output in the producing sector probably deteriorated in September by BHF−Bank
UK BRC SHOP PRICE INDEX
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Nov 7 | 10:30 | BRC Shop Price Index (MoM) | 0.5% | - | 0.2% |
| Nov 7 | 10:30 | BRC Shop Price Index (YoY) | 1.1% | - | 0.4% |
UK BRC Shop prices index posts large increase in October on food prices (FXstreet.com)
Inflation at consumer level has posted the biggest increase of 2007 so far in October in the United Kingdom pushed by the rising costs of fresh food which filtered to overall prices index, according to the latest shop prices report published by the British Retail Consortium.
[ Full Story ]- Read the UK shop price index october 2007 data at BRC
- United Kingdom Oct BRC Shop Price Index rises 0.5% from September; 1.1% up on the year (FXstreet.com)
Economic Events
| Date (GMT) | Country | Event | Actual | Cons. | Previous | |
| Nov 7 | 05:30 | AU | Foreign Reserves (Oct) | 36.0B | 52.7B | |
| 08:00 | UK | Bank of England's Monetary Policy Committee Meets | ||||
| 10:30 | UK | BRC Shop Price Index (MoM) (Oct) | 0.5% | 0.2% | ||
| 10:30 | UK | BRC Shop Price Index (YoY) (Oct) | 1.1% | 0.4% | ||
| 11:00 | DE | Industrial Production s.a. (MoM) (Sep) | 0.3% | -0.4% | 1.9% |
|
| 11:00 | DE | Industrial Production s.a. w.d.a. (YoY) (Sep) | 6.0% | 5.1% | 5.2% |
|
| 13:30 | US | Nonfarm Productivity (3Q) | 2.8% | 2.6% | ||
| 13:30 | US | Unit Labor Costs (3Q) | 1.2% | 1.4% | ||
| 13:45 | US | Fed's Lacker speaks to Credit − Portfolio Managers | ||||
| 15:00 | US | Wholesale Inventories (Sep) | 0.2% | 0.1% | ||