Thursday, Aug 07, 12:09 GMT
U.S. Trading Newsletter
Forex Blogs
After the Banks release...
The Advisor Blog: ECB rates decision by Valeria Bednarik
Will Trichet dare to maintain his hawkish position about inflation concerns, and ignore the economic slowdown of the zone?
The Advisor Blog: Gbp rates by Valeria Bednarik
UK BofE keeps rates unchanged by Phil Newton
Live Sessions Schedule
How to Get Started Trading Forex
Expert: Mark Whistler
Start: Thu, Aug 7, 15:00 GMT
Type of Session: Webinar
Live Look at Today's Markets
Expert: Derek Frey
Start: Thu, Aug 7, 17:00 GMT
Sponsored by: 
Type of Session: Webinar
| Sponsored by | ||||
| Thu, Aug 7, 12:00 GMT | US Pre−Market Open  | Ed Ponsi | WBN |  |
| Thu, Aug 7, 13:30 GMT | US Session Open | Ed Ponsi | WBN | |
| Thu, Aug 7, 15:00 GMT | How to Get Started Trading Forex | Mark Whistler | WBN | |
| Thu, Aug 7, 17:00 GMT | Live Look at Today's Markets | Derek Frey | WBN | |
Current Session: Europe − U.S.
EUR/USD
Forex Technical Analysis on Majors − EUR/USD is in an uptrend from recent bottom at 1.5301 by www.deltastock.com
EUR/USD is in an uptrend from recent bottom at 1.5301, that was the final of the prolonged consolidation since 1.5909 (17 March 2008). Technical indicators are slowly rising and trading is situated between the 50− and 200−Day SMA, currently projected at 1.5677 and 1.5181.
- Spike moves expected for BOE & ECB rate decision times by by Dr. S. Sivaraman, of i−knowindices.com
- Forex Swing Trading, Low Risk / High Reward Trading In The Largest by Sam Seiden, Stocks, Futures, Forex and Options Trader Online Trading Academy
- Institutional Trading Strategies by John Jagerson, Founder Profiting With Forex
- Check out how pairs moved: Live Currency Rates & Charts
Other Topics for this Session:
Daily Analysis − Euro climbs as German exports rise once again by Finotec Group Inc.
Currency Performance
Action Bias Summary Table − Action Bias Summary Table by ActionForex.com
Majors at a Glance
- EUR/USD
- Trades slightly below first resistant level 1.5483
08/07/2008 11:58 GMT - GBP/USD
- Trades above pivot level 1.9511
08/07/2008 11:58 GMT - USD/CHF
- Stays below pivot level 1.0570
08/07/2008 11:58 GMT - USD/JPY
- Continues to trade above pivot level 109.29
08/07/2008 11:58 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 | |
| Aug 8 | 12:30 | Nonfarm Productivity | 2.6% | 2.6% |
| Aug 8 | 12:30 | Unit Labor Costs | 1.2% | 2.2% |
Friday Notes - Mounting recession risks in Europe by HVB Group
The economy did better in Q2 2008 than anyone had thought possible coming into the quarter, largely because of the solid improvement in net exports. As a result, productivity surged and unit labor cost pressure diminished.
[ Full Story ]Top Market Movers Review
EMU ECB INTEREST RATE DECISION
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Aug 7 | 11:45 | ECB Interest Rate Decision | 4.25% | 4.25% | 4.25% |
ECB keeps rates steady at 4.25% (FXstreet.com)
The European Central Bank Monetary Policy Committee has decided to keep interest rates on hold at 4.25% after their monthly policy meeting.
[ Full Story ]- Read the oficial Monetary Policy Decisions at ECB
- ECB Leaves Refi Rate Unchanged At 4.25% (Dow Jones)
- ECB leaves Refi Rate on hold at 4.25% (FXstreet.com)
- BoE leaves Bank rate on hold at 5.00 percent for fourth month running (Thomson Financial News)
Forex Analysis on Majors - ECB and BoE will leave today the interest rate without changes by Forex Ltd
Daily Forex Technical Report − Euro Recovers ahead of ECB by ActionForex.com
Forex Trading Strategies - USD Index takes a peek above 200−day moving average for the first time since early 2007 ahead of ECB, BOE by Saxo Bank
UK BOE INTEREST RATE DECISION
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Aug 7 | 11:00 | BoE Interest Rate Decision | 5% | 5% | 5% |
The Bank of England maintains its Bank rate unchanged at 5.00% (FXstreet.com)
The Bank of England has decided to leave its official bank rate by unchanged at 5.00% for the fourth consecutive month, after their monthly Policy Meeting. This decision is taken in a context of high inflation, rising at 3.8% pace year on year in and with manufacturing output, as well as consumer confidence posting sharp declines.
[ Full Story ]- Read the news release by Bank of England
- Spike moves expected for BOE & ECB rate decision times By Dr. Sivaraman
- BCC says UK edging closer to recession, urges BoE to lower rates (Thomson Financial News)
- BoE right to leave rates on hold for time being − CBI (Thomson Financial News)
- BoE needs to cut as soon as possible − BRC (Thomson Financial News)
Daily Forex News - Forex − ECB and BOE are both expected to leave rates steady by ACM − Advanced Currency Markets
Forex Analysis on Majors - ECB and BoE will leave today the interest rate without changes by Forex Ltd
Daily FX Report - ECB and BoE will come into the foreground by Varengold Wertpapierhandelsbank AG
US FED INTEREST RATE DECISION
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Aug 5 | 18:15 | Fed Interest Rate Decision | 2% | 2% | 2% |
The Federal Reserve says that inflation will begin to moderate this year (FXstreet.com)
Federal Reserve policy Committee decided by majority to keep its Funds Rate unchanged at 2.0% for fourth month consecutive, Last cut was on April 30th. This decision is in line of the market expectations, as inform published by the FOMC's press office
[ Full Story ]- FOMC Holds Rates Steady − Dollar Holds by Jerry Furst
- Read the oficial FOMC Statement
- Forex − Dollar remains supported by lower oil prices despite dovish Fed (Thomson Financial News)
- Mexico's Peso Closes Weaker At 9.9105/Dlr; Firm After Fed (Dow Jones)
- Fed keeps key target rate unchanged at 2.00% UPDATE (Thomson Financial News)
Daily Market Briefing - US Dollar Bulls Stay In The Game As Fed Rate Hike Speculation Goes Little Changed by FXCM
Gold Investments Market Update − Federal Reserve Statement Warns of Stagflation by Gold and Silver Investments Limited
FedWatch: FOMC Meeting August 5th by BBVA Group
Economic Events
| Date (GMT) | Country | Event | Actual | Cons. | Previous | |
| Aug 7 | 08:00 | UK | Halifax House Prices (MoM) (Jul) | -1.7% | -2.0% | |
| 10:00 | DE | Industrial Production s.a. (MoM) (Jun) | 0.2% | 0.8% | -1.8% |
|
| 10:00 | DE | Industrial Production s.a. w.d.a. (YoY) (Jun) | 1.7% | 1.5% | 1.1% |
|
| 11:00 | UK | BoE Interest Rate Decision | 5% | 5% | 5% | |
| 11:10 | CZ | Interest Rate Decision | 3.50% | 3.75% | ||
| 11:45 | EMU | ECB Interest Rate Decision | 4.25% | 4.25% | 4.25% | |
| 12:30 | CA | Building Permits (MoM) (Jun) | -1.0% | 1.1% | ||
| 12:30 | US | Continuing Jobless Claims (Jul 26) | 3285K | 3282K | ||
| 12:30 | EMU | ECB Trichet's Speech | ||||
| 12:30 | US | Initial Jobless Claims (Aug 2) | 413K | 448K | ||