Thursday, Nov 08, 12:29 GMT
U.S. Trading Newsletter
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- Get FXstreet's Economic Calendar for your own site
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Live Sessions Schedule
How to Get Started Trading Forex
Expert: Steve Primo
Start: Thu, Nov 8, 16:00 GMT
Type of Session: Webinar
Live Look at Today's Markets
Expert: Derek Frey
Start: Thu, Nov 8, 18:00 GMT
Sponsored by: 
Type of Session: Webinar
| Sponsored by | ||||
| Thu, Nov 8, 13:00 GMT | US Pre−Market Open  | Ed Ponsi | WBN |  |
| Thu, Nov 8, 14:30 GMT | Weekly Technical Briefing | Dan Blystone | WBN | |
| Thu, Nov 8, 15:00 GMT | Technical Analysis Q&A | Tony Juste | WBN | |
| Thu, Nov 8, 16:00 GMT | How to Get Started Trading Forex | Steve Primo | WBN | |
Current Session: Europe − U.S.
USD/JPY
Forex Daily Analysis − ECB Interest Rate Statement, Crude Oil nears $100 by ForexYard
The ongoing wide range the pair has been going through in the past two months has been violently breached. The USD/JPY is steadily heading to 112.00 which is a key support level. A breach through the key level will validate a much deeper downtrend that might end at 111.00 on a weekly perspective.
- The ECB takes center stage 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:
Forex Technical Report − Forex Technical Report GBP/USD by iFOREX.bg
Daily Trading Strategy − Europe on stage by MVDForex
Daily Analysis − The market is nervous, today BoE and ECB interest rate announcement by Finotec Group Inc.
Majors at a Glance
- EUR/USD
- Continues to trade above pivot level 1.4640
11/08/2007 12:10 GMT - GBP/USD
- Moves up toward first resistant level 2.1109
11/08/2007 12:10 GMT - USD/CHF
- Continues to trade below pivot level 1.1346
11/08/2007 12:10 GMT - USD/JPY
- Stays below pivot level 113.34
11/08/2007 12:11 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
EMU ECB INTEREST RATE DECISION
| Date (GMT) | Event | Cons. | Previous | |
| Nov 8 | 12:45 | ECB Interest Rate Decision | 4% | 4% |
UPDATE: Europe's Central Banks Seen Refraining From Rate Cuts (Dow Jones)
The Bank of England and the European Central Bank are both expected on Thursday to refrain from cutting interest rates, even as manufacturers increasingly howl about the impact of the ever−weakening U.S. dollar.
[ Full Story ]- European govt bonds rise on risk aversion; ECB rate decision awaited (Thomson Financial News)
- Forex − Dollar stays weak; focus turns to ECB, BoE decisions, Bernanke testimony (Thomson Financial News)
Daily Analysis - The market is nervous, today BoE and ECB interest rate announcement by Finotec Group Inc.
Daily Forex Technical Report − Euro and Sterling Consolidates ahead of ECB and BoE by ActionForex.com
Top Market Movers Review
UK BOE INTEREST RATE DECISION
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Nov 8 | 12:00 | BoE Interest Rate Decision | 5.75% | 5.75% | 5.75% |
BOE keeps rates on hold at 5.75% (FXstreet.com)
The Bank of England has decided to keep interest rates unchanged at 5.75% after their monthly Policy Meeting Committee. The Bank, as usual has not given any further explanation, further details about the decision will be given at the meeting's minutes due the 21st of November.
[ Full Story ]- Bank Rate maintained at 5.75% at BoE
- BoE keeps key bank rate on hold at 5.75 pct UPDATE (Thomson Financial News)
- BoE decision to hold rates regretful, cut will be needed in Dec − BCC (Thomson Financial News)
- UPDATE: Bank Of England Leaves Rates On Pause For Fourth Month In A Row (Dow Jones)
Daily Analysis - The market is nervous, today BoE and ECB interest rate announcement by Finotec Group Inc.
Daily Forex Technical Report − Euro and Sterling Consolidates ahead of ECB and BoE by ActionForex.com
Economics Weekly - Expect no surprises from the BoE or ECB by Lloyds TSB Financial Markets
Economic Events
| Date (GMT) | Country | Event | Actual | Cons. | Previous | |
| Nov 8 | 06:00 | JP | Machine Tool Orders (YoY) (Oct)  | 16.3 | ||
| 06:45 | CH | Unemployment Rate (Oct) | 2.6% | 2.5% | 2.5% | |
| 06:45 | CH | Unemployment Rate s.a. (Oct) | 2.6% | 2.6% | 2.5% | |
| 07:00 | DE | Current Account (Sep) | 15.4B | 12.1 | 9.1 | |
| 07:00 | DE | Trade Balance (Sep) | 18.1B | 16.2 | 14.1B | |
| 12:00 | UK | BoE Interest Rate Decision | 5.75% | 5.75% | 5.75% | |
| 12:45 | EMU | ECB Interest Rate Decision | 4% | 4% | ||
| 13:15 | CA | Housing Starts (YoY) (Oct) | 221.5 | 278.2K | ||
| 13:30 | EMU | ECB's Trichet Speaks | ||||
| 13:30 | US | Initial Jobless Claims (Nov 3) | 330K | 327K | ||