Newsletter 13/11/2007

Trading Discussion News and Economy
1

ASIAN SESSION

A) CALENDAR

-12/11/2007
-GMT 23:50 JPN GDP (q/q), (Q3 P) EST 0.5% PREVIOUS -0.3%
-GMT 23:50 JPN GDP Annualized (Q3 P) EST 1.8% PREVIOUS -1.2%
Definition
Gross Domestic Product (GDP) is the total value of final goods and services produced within a country’s borders in a year. It is one of the measures of national income and output. It may be used as one indicator of the standard of living in a country, but there may be limitations with this view.

-GMT 23:50 JPN GDP Deflator (y/y), (Q3 P) EST -0.3% PREVIOUS -0.3%

-13/11/2007
-JAPAN- BOJ Rate Decision EST 0.50% PREVIOUS 0.50%

-GMT 06:00 JPN BOJ to Release Monthly Financial and Economic Report

-GMT 06:30 JPN BOJ Governor Fukui to Speak at Regular Press Conference

-GMT 07:00 GER GDP flash (q/q), (3Q) EST % PREVIOUS 0.3%
-GMT 07:00 GER GDP flash (y/y), (3Q) EST % PREVIOUS 2.5%
Definition
Gross Domestic Product (GDP) is the total value of final goods and services produced within a country’s borders in a year. It is one of the measures of national income and output. It may be used as one indicator of the standard of living in a country, but there may be limitations with this view.

B) SUPPORT-RESISTANCE
EURO/USD USD/JPY GBP/USD
R3 1.4600 110.40 2.0665
R2 1.4575 109.90 2.0640
R1 1.4560 109.75 2.0580
S1 1.4500 109.10 2.0525
S2 1.4480 108.75 2.0490
S3 1.4455 108.45 2.0410

C) WATCH
-Interest Rates

  • (12/11/2007) GMT 23:50 JPN GDP
  • (12/11/2007) GMT 23:50 JPN GDP Deflator
  • (13/11/2007) JAPAN- BOJ Rate Decision
  • (13/11/2007) GMT 06:00 JPN BOJ to Release Monthly Financial and Economic Report
  • (13/11/2007) GMT 06:30 JPN BOJ Governor Fukui to Speak at Regular Press Conference

D) TRADING TIPS
BASIC CANDLESTICKS
There are different Doji candlesticks that are important. The Long-legged Doji has long upper and lower shadows and reflects considerable indecision on the part of market participants. The Gravestone Doji has only a long upper shadow and no
lower shadow. The longer the upper shadow, the more bearish the interpretation. The Dragonfly Doji is the opposite of the Gravestone Doji, the lower shadow is long and there is no upper shadow. It is usually considered quite bullish.

2

EUROPEAN SESSION

A) CALENDAR

-GMT 09:30 UK CPI (m/m), (Oct) EST 0.3% PREVIOUS 0.1%
-GMT 09:30 UK CPI (y/y), (Oct) EST 1.9% PREVIOUS 1.8%
Definition
The consumer price index (CPI) gauges the average change in retail prices for a fixed market basket of goods and services. The CPI data is compiled from a sample of prices for food, shelter, clothing, fuel, transportation and medical services that people purchase on daily basis.

-GMT 09:30 UK CPI-Core (y/y), (Oct) EST 1.7% PREVIOUS 1.5%
Definition
This indicator is a derivative of the CPI that excludes the volatile Food and Energy items.

-GMT 10:00 GER ZEW index (Nov) EST -20.0 PREVIOUS -18.1
-GMT 10:00 GER ZEW current (Nov) EST 67.0 PREVIOUS 70.2
-GMT 10:00 GER Euro-Zone ZEW (Nov) EST -20.0 PREVIOUS -19.0
Definition
The ZEW works in the field of user-related empirical economic research. In this context it particularly distinguished itself nationally and internationally by analysing internationally comparative issues in the European context and by compiling scientifically important data bases.
The ZEW’s duty is to carry out economic research, economic counseling and knowledge transfer. The institute focuses on decision-makers in politics, economics, and administration, scientists in the national and international arena as well as the interested public. Regular interviews on the situation on the financial markets and business-related service providers as well as large-scale annual studies on technological competitiveness of and innovation activities in the economy are representative of the different types of topical information provided by the ZEW.
The ZEW is subdivided into the following five research fields:
International Finance and Financial Management;
Labour Economics, Human Resources, and Social Policy;
Industrial Economics and International Management;
Corporate Taxation and Public Business Finance;
Environmental and Resource Economics, Eco-management.

-GMT 10:00 EU Industrial prod. (m/m), (Sep) EST -0.4% PREVIOUS 1.2%
-GMT 10:00 EU Industrial prod. (y/y), (Sep) EST 4.5% PREVIOUS 4.3%
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 1.4720 111.40 2.0800
R2 1.4670 110.90 2.0755
R1 1.4625 110.40 2.0675
S1 1.4575 110.00 2.0640
S2 1.4530 109.75 2.0585
S3 1.4480 109.30 2.0490

C) WATCH
-Interest Rates
-GMT 09:30 UK CPI
-GMT 09:30 UK CPI-Core
-GMT 10:00 GER ZEW

D) TRADING TIPS
BASIC CANDLESTICKS
There are different Doji candlesticks that are important. The Long-legged Doji has long upper and lower shadows and reflects considerable indecision on the part of market participants. The Gravestone Doji has only a long upper shadow and no
lower shadow. The longer the upper shadow, the more bearish the interpretation. The Dragonfly Doji is the opposite of the Gravestone Doji, the lower shadow is long and there is no upper shadow. It is usually considered quite bullish.

3

US SESSION

A) CALENDAR

-GMT 14:00 USA Pending Homes Sales (Sep) EST -2.0% PREVIOUS -6.5%

B) SUPPORT-RESISTANCE
EURO/USD USD/JPY GBP/USD
R3 1.4720 111.40 2.0800
R2 1.4670 111.00 2.0755
R1 1.4625 110.40 2.0715
S1 1.4575 109.70 2.0640
S2 1.4520 109.40 2.0585
S3 1.4480 109.10 2.0490

C) WATCH
-Interest Rates
-GMT 14:00 USA Pending Homes Sales

D) TRADING TIPS
BASIC CANDLESTICKS
There are different Doji candlesticks that are important. The Long-legged Doji has long upper and lower shadows and reflects considerable indecision on the part of market participants. The Gravestone Doji has only a long upper shadow and no
lower shadow. The longer the upper shadow, the more bearish the interpretation. The Dragonfly Doji is the opposite of the Gravestone Doji, the lower shadow is long and there is no upper shadow. It is usually considered quite bullish.