Thursday, Aug 06, 10:56 GMT
U.S. Trading Newsletter
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To Get Started
- BoE and ECB Interest Rates decision Live Coverage: Thursday, at 10:45 GMT with Valeria Bednarik
- NFP Release Live Coverage: Friday, at 12:45 GMT with Nick Nasad
- WEBINAR VIDEOS: The Weather Report: Ichimoku Cloud Trading with Chris Capre
- Forex Tools renewed! Check out the brand new features: Margin Calculator and Carry Trade Calculator
- All the events of the day in our Economic Calendar
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Forex Blogs
GBP and EURO Interest rates & US NFP Tomorrow
UK and EU Rates are expected to remain the same so it would be fair to assume that I'm not going to see too much excitement today at all. Most likely little or small movement post news today and all eyes will be on NFP tomorrow.
First on Forex: End of Quantitative Easing? BoE and ECB Signals Coming? by Jerry Furst
FX Market Readings: Expected market moves before and after BOE and ECB interest rate decisions by Dr. S. Sivaraman
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Live Sessions Schedule
Tracking the forex market together / Part II
Expert: Dr.S.Sivaraman
Start: Thu, Aug 6, 13:00 GMT
Type of Session: Webinar
Trading Day's Live Wrap Up
Expert: Valeria Bednarik
Start: Thu, Aug 6, 22:30 GMT
Type of Session: Webinar
| Sponsored by | ||||
| Thu, Aug 6, 09:00 GMT | Tracking the forex market together / Part I | Dr.S.Sivaraman | WBN |  |
| Thu, Aug 6, 11:00 GMT | FX Instructor Live Trading Room  | Mark De La Paz | WBN |  |
| Thu, Aug 6, 13:00 GMT | Tracking the forex market together / Part II | Dr.S.Sivaraman | WBN | |
| Thu, Aug 6, 16:00 GMT | What is VWAP: How to Spot Institutions | Mark Whistler | WBN | |
Current Session: Europe − U.S.
GBPUSD: Continues To Target A Decisive Break Of The 1.7000 Level
FXTechstrategy − The pair continues to build on its current strength closing higher at 1.6990 on Wednesday following a test of 1.7041. A decisive break and hold above the 1.7000 level is required to establish further upside gains towards the 1.7100 level and then the 1.7200 level. Its higher level charts are supportive of this view as they are pointing higher.
EUR/USD
EUR/USD: Euro, at day low, testing 1.4370 support by FXstreet.com
FXstreet.com (Barcelona) − The Euro has declined to intra−day lows below 1.4385 to test 1.4370 support level, as investors close their positions ahead of interest rate decisions by BoE and ECB.
USD/CHF
There appears to be fresh bullish crosses on the hourly and 4−hour MACD by ForexYard
There appears to be fresh bullish crosses on the hourly and 4−hour MACD, and the daily chart's Slow Stochastic, highlighting an impending bullish movement. Going long could be a sound strategy.
Analyst Sentiment Index (ASI)
Analysts Sentiment Index - EUR/USD
**Source : ActionForex.com, CMS Forex, Danske Bank A/S, FXstreet.com, i-knowindices.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
UK BOE INTEREST RATE DECISION
| Date (GMT) | Event | Cons. | Previous | |
| Aug 6 | 11:00 | BoE Interest Rate Decision | - | 0.5% |
Event risk: BOE and ECB policy meetings Thursday by Easy Forex
The next Bank of England policy decision will be announced today. At the July policy meeting, the BOE elected to keep policy on hold at 0.5% and maintain its asset purchases at £125 bln.
[ Full Story ]BOE Preview: July interest rate decision by RANsquawk
Top Fundamental Stories - Europe Ahead: Markets Waiting for BoE and ECB Rate Decision by ecPulse.com
EMU ECB INTEREST RATE DECISION
| Date (GMT) | Event | Cons. | Previous | |
| Aug 6 | 11:45 | ECB Interest Rate Decision | - | 1% |
The impact of the ECB policy meeting should be limited by Easy Forex
The next European Central Bank (ECB) meeting will be held on Thursday August 6th. At May policy meeting the ECB reduced interest rates to a record low 1%, expanded its repo auctions from six months to 12 months and announced a plan to buy €60 bln in covered bonds.
[ Full Story ]Top Fundamental Stories - Europe Ahead: Markets Waiting for BoE and ECB Rate Decision by ecPulse.com
ECB Preview: August interest rate decision by RANsquawk
Top Market Movers Review
Australia EMPLOYMENT CHANGE
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Aug 6 | 01:30 | Employment Change | 32.2K | -18.0 | -23.1K |
DATA SNAP: Australian Jul Unemployment Rate 5.8% (Dow Jones)
Australia's unemployment rate remained at a lower−than−expected seasonally adjusted 5.8% in July from June. The number of employed rose 32,200, the Australian Bureau of Statistics said Thursday. Economists on average had expected an unemployment rate of 6.0% in July, with the number of employed down 20,000.
[ Full Story ]- Read the Employment data at Australian Bureau of Statistics
- Australian July Unemployment rate 5.8%, AUDUSD shoots higher (Forex Live)
Asia Market Update - Australia job growth improves while New Zealand unemployment rises by TradeTheNews.com
Fundamental News Summary - Asian Session News Summary by ecPulse.com
Economic Events
| Date (GMT) | Country | Event | Actual | Cons. | Previous | |
| Aug 6 | 05:00 | JP | Coincident Index (Jun)  | 87.8% | 87.1% | |
| 05:00 | JP | Eco Watchers Survey: Outlook (Jul) | 45.6 | |||
| 05:00 | JP | Leading Economic Index (Jun) | 79.8 | 79.7 | 76.9 | |
| 05:45 | CH | SECO Consumer Climate | -42 | -41 | -38 | |
| 10:00 | DE | Factory Orders n.s.a. (YoY) (Jun) | -25.3% | -26.5% | -29.4% | |
| 10:00 | DE | Factory Orders s.a. (MoM) (Jun) | 4.5% | 0.6% | 4.4% | |
| 11:00 | UK | BoE Interest Rate Decision | 0.5% | |||
| 11:45 | EMU | ECB Interest Rate Decision | 1% | |||
| 12:30 | CA | Building Permits (MoM) (Jun) | 1.0% | 14.8% | ||
| 12:30 | US | Continuing Jobless Claims (Jul 25) | 6197K | |||