ASIAN SESSION
A) CALENDAR
-06/11/2007
-GMT 22:30 AUS RBA Rate Decision EST 6.75% PREVIOUS 6.50%
B) SUPPORT-RESISTANCE
EURO/USD USD/JPY GBP/USD
R3 1.4635 115.30 2.0960
R2 1.4595 115.10 2.0920
R1 1.4570 114.90 2.0905
S1 1.4530 114.60 2.0860
S2 1.4510 114.25 2.0840
S3 1.4490 114.05 2.0815
C) WATCH
-Interest Rates
- (06/11/2007) GMT 22:30 AUS RBA Rate Decision
D) TRADING TIPS
White candles show that the currency closed higher than it opened.
A Long white candle (no shadows) White marubozu Very Bullish
B Long white candle Very Bullish
C White lower shadow Bullish
D Long white candle (lower shadow) White closing bozu Bullish
E Long white candle (upper shadow) White opening bozu Moderately bullish
F Short white candle Stable to bullish
EUROPEAN SESSION
A) CALENDAR
-GMT 11:00 GER Industrial Production (m/m), (Sep) EST -0.4% PREVIOUS 1.7%
-GMT 11:00 GER Industrial Production (y/y), (Sep) EST 5.1% PREVIOUS 5.1%
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.
B) SUPPORT-RESISTANCE
EURO/USD USD/JPY GBP/USD
R3 1.4700 114.60 2.1020
R2 1.4665 114.35 2.0990
R1 1.4650 114.10 2.0960
S1 1.4595 113.80 2.0920
S2 1.4555 113.50 2.0890
S3 1.4530 113.25 2.0860
C) WATCH
-Interest Rates
-GMT 11:00 GER Industrial Production
D) TRADING TIPS
White candles show that the currency closed higher than it opened.
A Long white candle (no shadows) White marubozu Very Bullish
B Long white candle Very Bullish
C White lower shadow Bullish
D Long white candle (lower shadow) White closing bozu Bullish
E Long white candle (upper shadow) White opening bozu Moderately bullish
F Short white candle Stable to bullish