Newsletter 04/10/2007

Trading Discussion News and Economy
#1

EUROPEAN SESSION

A) CALENDAR

-GMT 11:00 UK BoE Rate Decision EST 5.75% PREVIOUS 5.75%

-GMT 11:45 EU ECB Rate Decision EST 4.00% PREVIOUS 4.00%

-GMT 12:30 EU Trichet Speaks at ECB Monthly News Conference

B) SUPPORT-RESISTANCE
EURO/USD USD/JPY GBP/USD
R3 1.4165 117.15 2.0405
R2 1.4140 116.90 2.0380
R1 1.4120 116.75 2.0355
S1 1.4075 116.35 2.0270
S2 1.4045 116.10 2.0230
S3 1.4015 115.90 2.0190

C) WATCH
-Interest Rates
-GMT 11:00 UK BoE Rate Decision
-GMT 11:45 EU ECB Rate Decision
-GMT 12:30 EU Trichet Speaks at ECB Monthly News Conference

D) TRADING TIPS
The best way to combine technical indicators is to use weekly signals to determine market direction and the daily signals to find-tune entry and exit points. A daily signal is followed only when it agrees with the weekly signal.

#2

US SESSION

A) CALENDAR

-GMT 11:00 UK BoE Rate Decision EST 5.75% PREVIOUS 5.75%

-GMT 11:45 EU ECB Rate Decision EST 4.00% PREVIOUS 4.00%

-GMT 12:30 EU Trichet Speaks at ECB Monthly News Conference

-GMT 12:30 USA Initial Claims EST 310k PREVIOUS 298k
Definition
New unemployment claims are compiled weekly to show the number of individuals who filed for unemployment insurance for the first time. An increasing (decreasing) trend suggests a deteriorating (improving) labor market. The four-week moving average of new claims smoothes out weekly volatility.

-GMT 14:00 USA Factory Orders (m/m), (Aug) EST -2.4% PREVIOUS 3.7%
Definition
Factory orders refer to the total of durable and nondurable good orders.

-GMT 16:45 USA Fed’s Fisher Speaks to Economists in North Carolina

-GMT 17:30 USA Fed’s Mishkin Speaks at Event for Deutsche Bank Prize

B) SUPPORT-RESISTANCE
EURO/USD USD/JPY GBP/USD
R3 1.4240 117.35 2.0405
R2 1.4200 117.15 2.0380
R1 1.4165 116.90 2.0355
S1 1.4075 116.35 2.0270
S2 1.4045 116.10 2.0230
S3 1.4020 115.90 2.0190

C) WATCH
-Interest Rates
-GMT 11:00 UK BoE Rate Decision
-GMT 11:45 EU ECB Rate Decision
-GMT 12:30 EU Trichet Speaks at ECB Monthly News Conference
-GMT 14:00 USA Factory Orders

D) TRADING TIPS
The best way to combine technical indicators is to use weekly signals to determine market direction and the daily signals to find-tune entry and exit points. A daily signal is followed only when it agrees with the weekly signal.