Thursday, Nov 06, 12:21 GMT
U.S. Trading Newsletter
To Get Started
- Webinar Videos: Fundamental Review by Adam Rosen
- All the events of the day in our Economic Calendar
Note that our messages might be blocked by anti-spam filters so please add newsletter@fxstreet.com or our domain (fxstreet.com) to your address book.
Forex Blogs
The Advisor Blog: Starting the day by Valeria Bednarik
After seeing greenback falling mostly against Europeans all day long, a turn in US stocks (that fell for almost 500 points) by the end of the American session yesterday, send it back to the positive side.
FxBootcamp: Forex Video - News Trade Alert - November 6, 2008 by Wayne McDonell
Forex Trading Today: Golfing on the Euro Driving "Range" by Tim Salem
Live Sessions Schedule
Tracking the forex market together / Part II
Expert: Dr.S.Sivaraman
Start: Thu, Nov 6, 15:00 GMT
Type of Session: Webinar
Live Look at Today's Markets
Expert: Derek Frey
Start: Thu, Nov 6, 18:00 GMT
Sponsored by: 
Type of Session: Webinar
| Sponsored by | ||||
| Thu, Nov 6, 12:00 GMT | FX Instructor Live Trading Room  | Mark De La Paz | WBN |  |
| Thu, Nov 6, 15:00 GMT | Tracking the forex market together / Part II | Dr.S.Sivaraman | WBN |  |
| Thu, Nov 6, 16:00 GMT | Advanced Methods for Finding Dominant Trends in Forex Markets | Mark Whistler | WBN | |
| Thu, Nov 6, 18:00 GMT | Live Look at Today's Markets | Derek Frey | WBN | |
Current Session: Europe − U.S.
USD/JPY
Technical Summary for Majors − USD/JPY − Pulling back from Tuesday's rally by Windsor Brokers Ltd
The Euro (EUR) fell to USD strength in Asia before weak US data allowed the 1.30 level to be targeted again. EUR/JPY selling weighed as US stock losses mounted. September European Retail Sales were weak at −0.2% vs. +0.3% previously. Overall the EUR/USD traded with a low of 1.2529 and a high of 1.3115 before closing the day at 1.2980 in the New York session. Looking ahead, the ECB meets tonight and is expected to cut to 3.25% from 3.75%.
Analyst Sentiment Index (ASI)
Analysts Sentiment Index - EUR/USD
**Source : ActionForex.com, CMS Forex, Danske Bank A/S, FXstreet.com, Mizuho Corporate Bank, MolFX - Management
[ 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 6 | 12:45 | ECB Interest Rate Decision | 3.25% | 3.75% |
ECB: Preview of meeting on 6 November by Danske Bank A/S
The ECB is facing several of its risk scenarios. The outlook for growth has deteriorated markedly and the inflation outlook is increasingly favourable. We expect it to respond with a 50 bp lowering of policy rates at the meeting on Thursday.
[ Full Story ]- TOPWRAP 4−Europe set to slash rates as economic gloom deepens (Thomson Financial News)
- FACTBOX−ECB policymakers' recent rate comments (Thomson Financial News)
Sunrise Market Commentary - Aggressive rate cuts expected from the ECB and BoEAggressive rate cuts expected from the ECB and BoE by KBC Bank
Forex Trading Strategies - How much will the ECB and BOE cut? by Saxo Bank
Top Market Movers Review
UK BOE INTEREST RATE DECISION
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Nov 6 | 12:00 | BoE Interest Rate Decision | 3.0% | 4.0% | 4.5% |
The Bank of England eases its Bank Rate by 150 b.p. to 3.0% (FXstreet.com)
The Bank of England has decided to cut its official bank rate by 1,50% to 3%, after their monthly Policy Meeting. The etent of the slash has been unexpected, as the odds were for a 50 bp cut.
[ Full Story ]- Read the Official Statement at BoE
- Bank Of England Cuts Bank Rate To 3.0% From 4.5% (Dow Jones)
- Verbatim: Bank of England Statement On Bank Rate (Dow Jones)
- The BoE cuts its Bank Rate by 150 bp to 3% (FXstreet.com)
KBC News Picks - EMU: Services PMI revised downHorrible UK services PMI raises rate cut expectationsHorrible UK services PMI raises rate cut expectations by KBC Bank
Sunrise Market Commentary - Aggressive rate cuts expected from the ECB and BoE by KBC Bank
Forex Trading Strategies - How much will the ECB and BOE cut? by Saxo Bank
Economic Events
| Date (GMT) | Country | Event | Actual | Cons. | Previous | |
| Nov 6 | 05:00 | JP | Leading Economic Index (Sep)  | 89.2 | 89.2 | 89.0 |
| 09:00 | UK | Halifax House Prices (MoM) (Oct) | -2.2% | -1.3% | ||
| 09:00 | UK | Halifax House Prices (YoY) (Oct) | -13.7% | -13.3% | -12.4% | |
| 11:00 | DE | Factory Orders n.s.a. (YoY) (Sep) | -2.7% | -7.4% |
||
| 11:00 | DE | Factory Orders s.a. (MoM) (Sep) | -8.0% | -1.5% | 3.5% |
|
| 12:00 | UK | BoE Interest Rate Decision | 3.0% | 4.0% | 4.5% | |
| 12:45 | EMU | ECB Interest Rate Decision | 3.25% | 3.75% | ||
| 13:30 | CA | Building Permits (MoM) (Sep) | -1.5% | -13.5% | ||
| 13:30 | US | Continuing Jobless Claims (Sep) | 3715 | |||
| 13:30 | US | Initial Jobless Claims (Oct 31) | 479 | |||