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Finotec News Archive - September 03 2007

GBP/USD pair

GBP/USD Daily Technical Reports

Rodian Rahnayev
03 September 2007

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GBP

The break above 2.0190 overnight proved false, as the price stalled around 2.0230 and retreated to 2.0110. The price action leaves the daily studies showing mixed signals, but net positive, while the hourlies are in neutral territory. We have no strong bias at present, so we will trade the 1.9960/2.0230 range, or breaks on the hourlies.

Finotec Analysis Team
03 September 2007

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Today's Economic Events

Time	Event	Currency	Period	Previous	Forecast	Actual
08:30	Manufacturing PMI	GBP	Aug	55.7	55.1
Manufacturing PMI The Chartered Institute of Purchasing and Supply (CIPS) Manufacturing Purchasing Manager's Index (PMI) measures the activity level of purchasing managers in the manufacturing sector, with a reading above 50 indicating expansion. A rising trend has a positive effect on the nation's currency. To produce the index, purchasing managers are surveyed on a number of subjects including employment, production, new orders, supplier deliveries, and inventories. Traders watch these surveys closely because purchasing managers, by virtue of their jobs, have early access to data about their companyӳ performance, which can be a leading indicator of overall economic performance.
00:00	Holiday: Labor Day	USD	Sep	NA	NA	NA
Holiday: Labor Day

Real Time Forex Quotes

Contract	Bid	Ask	Time	Change
GBP/USD	1.8209	1.8212	20:59:45	-0.00%

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Real Time Economic Events

Event Date

Manufacturing PMI(AUD)	01.09.2008 00:00
Current Account(AUD)	01.09.2008 01:30
Private New Capital Expenditure q/q(AUD)	01.09.2008 01:30
Average Earnings Index +Bonus q/y(JPY)	01.09.2008 01:30
Average Earnings Index +Bonus q/y(JPY)	01.09.2008 01:30
Commodity Prices y/y(AUD)	01.09.2008 06:30
PMI -SVME(CHF)	01.09.2008 07:30
Manufacturing PMI(EUR)	01.09.2008 08:00
Manufacturing PMI(GBP)	01.09.2008 08:30
Mortgage Approvals(GBP)	01.09.2008 08:30
Net Lending to Individuals m/m(GBP)	01.09.2008 08:30
Holiday: Memorial Day(CAD)	01.09.2008 12:00
Holiday: Memorial Day(USD)	01.09.2008 12:00
FOMC Meeting Minutes(USD)	01.09.2008 13:30
Monetary Base y/y(JPY)	01.09.2008 00:00
BOJ Governor Shirakawa Speaks(JPY)	01.09.2008 01:00
Building Approvals m/m(AUD)	02.09.2008 01:30
Retail Sales m/m(AUD)	02.09.2008 01:30
Retail Sales m/m(AUD)	02.09.2008 01:30
Cash Rate(AUD)	02.09.2008 04:30
RBA Governor Stevens Speaks(AUD)	02.09.2008 04:30
CPI m/m(CHF)	02.09.2008 05:45
GDP q/q(CHF)	01.09.2008 05:45
BOJ Governor Shirakawa Speaks(JPY)	02.09.2008 06:30
Construction PMI(GBP)	02.09.2008 08:30
PPI m/m(EUR)	02.09.2008 09:00
ISM Manufacturing Prices(USD)	02.09.2008 14:00
Construction Spending m/m(USD)	02.09.2008 14:00
ISM Manufacturing Prices(USD)	02.09.2008 14:00
Consumer Confidence(GBP)	03.09.2008 00:00
Services PMI(AUD)	03.09.2008 00:30
GDP q/q(AUD)	03.09.2008 01:30
Retail Sales m/m(EUR)	03.09.2008 00:10
Home Sales Existing(GBP)	03.09.2008 00:05
Services PMI(EUR)	03.09.2008 08:00
Services PMI(GBP)	03.09.2008 08:30
Retail Sales m/m(EUR)	03.09.2008 09:00
GDP Annualized q/q(EUR)	03.09.2008 09:00
overnight Rate(CAD)	03.09.2008 13:00
BOC Deputy Governor Jenkins Speaks(CAD)	03.09.2008 13:00
Factory Orders m/m(USD)	03.09.2008 14:00

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