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Technical Analysis Q&A
Expert: Tony Juste
Start: Thu, Dec 6, 15:00 GMT
Type of Session: Webinar
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Expert: Steve Primo
Start: Thu, Dec 6, 16:00 GMT
Type of Session: Webinar
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| Thu, Dec 6, 13:00 GMT | US Pre−Market Open  | Ed Ponsi | WBN |  |
| Thu, Dec 6, 14:30 GMT | Weekly Technical Briefing | Dan Blystone | WBN | |
| Thu, Dec 6, 15:00 GMT | Technical Analysis Q&A | Tony Juste | WBN | |
| Thu, Dec 6, 16:00 GMT | How to Get Started Trading Forex | Steve Primo | WBN | |
Current Session: Europe − U.S.
GBP/USD
FX Thoughts for the Day − FX Thoughts for the day − Evening − 06−Dec−2007....1140 GMT by Kshitij Consultancy Service
GBP−USD had a sharp fall yesterday as there has been a sharp increase in probability of a BOE rate cut later today. If that cut is actually seen (of 25 basis points), then a small bounce could be seen. However, a 50 basis points cut is likely to lead to fresh fall in GBP. On the other hand, a no cut would be longer−term bearish implication for GBP, as the economy could be greatly vulnerable then.
- 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:
Forex Technical Report − Forex Technical Report GBP/USD by iFOREX.bg
EUR/JPY Daily Technical Forex − EUR/JPY Daily Technical Forex by Stoploss.ch
The Word of Majors − EUR/USD: Euro losing ground, further decline to 1.4515 likely by FXstreet.com
Majors at a Glance
- EUR/USD
- Continues to move down below first support level 1.4545
12/06/2007 11:53 GMT - GBP/USD
- Back around opening price level 2.0263 , below pivot level 2.0375
12/06/2007 11:54 GMT - USD/CHF
- Continues to move up above first resistant level 1.1322
12/06/2007 11:54 GMT - USD/JPY
- Continues to trade around opening price level 110.86 , above pivot level 110.52
12/06/2007 11:55 GMT
Analyst Sentiment Index (ASI)
Analysts Sentiment Index - EUR/USD
**Source : ActionForex.com, Aspen Trading Group, 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 | |
| Dec 6 | 12:45 | ECB Interest Rate Decision | 4% | 4% |
Central Banks: ECB and BoE - Preview of Dec 6 meeting by FXstreet.com
At its December policy meeting, the ECB governing council is widely expected to leave rates unchanged, despite the recent surge in inflation. In a longer term perspective, chances on a rate cut are still increasing due to the ongoing uncertainty about the economic outlook and rising tensions in the money market.
- OECD says no need for further ECB rate hikes, sees rates on hold for next 2 yrs (Thomson Financial News)
- UPDATE: ECB's Trichet: Retail Banking Integration Too Slow (Dow Jones)
ECB to leave rates unchanged amid growing uncertainty by KBC Bank
Top Market Movers Review
UK BOE INTEREST RATE DECISION
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Dec 6 | 12:00 | BoE Interest Rate Decision | 5.50% | 5.75% | 5.75% |
Forex Commentaries and Forecasts - BoE cut the benchmark interest rates with 25 bps to 5.5%. by World−Signals®
Bank of England cut the benchmark interest rates with 25 bps to 5.5% for first time in two years. The reasons for the interest rates cut were the credit costs and the falling housing prices.
[ Full Story ]- Read full report: Bank of England Reduces Bank Rate by 0.25 Percentage Points to 5.5% at BoE
- BoE cuts base rate by a quarter point to 5.50 pct; 1st cut in over 2 yrs UPDATE (Thomson Financial News)
- BoE rate cut should help stabilise money markets − CBI (Thomson Financial News)
- BoE cuts base rate by a quarter point to 5.50 pct; first cut in over 2 yrs (Thomson Financial News)
- Ian McCafferty, chief economic advisor at CBI: "Hopefully, the decision will help stabilise the money markets and minimise any future impact on other sectors." − Thomson Financial News
Central Banks: ECB and BoE - Preview of Dec 6 meeting by FXstreet.com
Morning Report - Bank of Canada cuts rates, England could be next by Westpac Institutional Bank
Daily Forex Commentary - Markets are eying central banks by Jyske Bank
UK INDUSTRIAL PRODUCTION
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Dec 6 | 09:30 | Industrial Production (YoY) | 1.0% | 0.7% | -0.4% |
| Dec 6 | 09:30 | Manufacturing Production (MoM) | 0.3% | 0.2% | -0.6% |
| Dec 6 | 09:30 | Industrial Production (MoM) | 0.4% | 0.2% | -0.4% |
| Dec 6 | 09:30 | Manufacturing Production (YoY) | 0.3% | 0.4% | -0.2% |
DATA SNAP: UK Oct Mfg Output Rises 0.3% On Mo, 0.3% On Year (Dow Jones)
U.K. manufacturing output rose slightly in October due to an increase in output in the transport, oil and gas sectors, according to figures released by the Office of National Statistics Thursday.
[ Full Story ]- Read the Index of production data at National Statistics
- Forex − Pound rises after industrial production data beats forecasts UPDATE (Thomson Financial News)
- UPDATE: UK Mfg Sector Shows Resilience In October (Dow Jones)
- UK manufacturing output rises 0.3 pct in October, rebounding from Sept UPDATE (Thomson Financial News)
Friday Notes - Outlook 2008 – Gloom but no Doom by HVB Group
Economic Events
| Date (GMT) | Country | Event | Actual | Cons. | Previous | |
| Dec 6 | 09:30 | UK | Industrial Production (MoM) (Oct) | 0.4% | 0.2% | -0.4% |
| 09:30 | UK | Industrial Production (YoY) (Oct) | 1.0% | 0.7% | -0.4% |
|
| 09:30 | UK | Manufacturing Production (YoY) (Oct) | 0.3% | 0.4% | -0.2% |
|
| 11:00 | DE | Factory Orders n.s.a. (YoY) (Oct) | 14.0% | 6.2% | 1.9% |
|
| 11:00 | DE | Factory Orders s.a. (MoM) (Nov) | 4.0% | 0.9% | -1.6% |
|
| 12:00 | UK | BoE Interest Rate Decision | 5.50% | 5.75% | 5.75% | |
| 12:45 | EMU | ECB Interest Rate Decision | 4% | 4% | ||
| 13:30 | US | Continuing Jobless Claims (Nov 24) | 2585K | 2665K | ||
| 13:30 | EMU | ECB's Trichet Speaks | ||||
| 13:30 | US | Initial Jobless Claims (Dec 1) | 335K | 352K | ||