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Forex Analysis 05/11/2007

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Old 4th November 2007, 07:09 PM
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Default Forex Analysis 05/11/2007

ASIAN SESSION

A) CALENDAR

-04/11/2007
-GMT 23:50 JPN BoJ Meeting Minutes (September)

-05/11/2007
-GMT 06:00 JPN BOJ Governor Fukui to Speak at Financial Conference

B) SUPPORT-RESISTANCE
EURO/USD USD/JPY GBP/USD
R3 1.4600 115.55 2.0980
R2 1.4555 115.40 2.0935
R1 1.4530 115.10 2.0910
S1 1.4485 114.60 2.0850
S2 1.4460 114.35 2.0805
S3 1.4440 114.10 2.0780

C) WATCH
-Interest Rates
- (04/11/2007) GMT 23:50 JPN BoJ Meeting Minutes (September)
- (05/11/2007) GMT 06:00 JPN BOJ Governor Fukui to Speak at Financial Conference



D) TRADING TIPS
The Point and Figure chart is a study of pure price movement. On the Point and Figure chart, only the price changes are recorded. If no price changes occurs, the chart is left untouched. During active market periods, a considerable amount of plotting may be required. During quiet market conditions, little or no plotting will be needed.
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Old 5th November 2007, 12:30 PM
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Default Re: Forex Analysis 05/11/2007

EUROPEAN SESSION

A) CALENDAR

-GMT 09:30 UK Industrial Production (m/m), (Sep) EST 0.2% PREVIOUS 0.1%
-GMT 09:30 UK Industrial Production (y/y), (Sep) EST 0.4% PREVIOUS 0.7%
Definition
Industrial production consists of the total output of a nation’s plants, utilities, and mines. From a fundamental point of view, it is an important economic indicator that reflects the strength of the economy, and by extrapolation, the strength of a specific currency.

-GMT 09:30 UK Manufacturing Production (m/m), (Sep) EST 0.0% PREVIOUS 0.4%
-GMT 09:30 UK Manufacturing Production (y/y), (Sep) EST 0.6% PREVIOUS 0.6%
Definition
Manufacturing production is the indicator of production level in the manufacturing sector.

-GMT 09:30 UK Serv. PMI (Oct) EST 56.2 PREVIOUS 56.7
Definition
The Index is widely used by industrialized economies to assess business confidence. Germany, Japan and the UK use PMI surveys for both manufacturing and services industries. The numbers are arrived at through a series of questions regarding Business activity, New Business, Employment, Input Prices, Prices Charged and Business Expectations. In addition to the headline figures, the prices paid components is highly scrutinized by the markets for evaluating pricing power and inflationary risks.

B) SUPPORT-RESISTANCE
EURO/USD USD/JPY GBP/USD
R3 1.4600 115.40 2.0980
R2 1.4555 115.10 2.0935
R1 1.4530 114.90 2.0910
S1 1.4475 114.55 2.0850
S2 1.4460 114.35 2.0805
S3 1.4440 114.10 2.0780

C) WATCH
-Interest Rates
-GMT 09:30 UK Industrial Production
-GMT 09:30 UK Manufacturing Production
-GMT 09:30 UK Serv. PMI



D) TRADING TIPS
The Point and Figure chart is a study of pure price movement. On the Point and Figure chart, only the price changes are recorded. If no price changes occurs, the chart is left untouched. During active market periods, a considerable amount of plotting may be required. During quiet market conditions, little or no plotting will be needed.
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