NEWS TRADING

Thu November 3, 2011

[5:30am NY Time]



We´ll be trading the UK Services Purchasing Manager Index
today at 4:30am (NY Time). This is a leading indicator
similar to the Manufacturing PMI that was released early
this week, here´s the forecast:

5:30am (NY Time) UK Services PMI
Forecast 52.0 Previous 52.9
ACTION: GBP/USD BUY 54.5 SELL 49.5



[8:45am NY Time]



ECB (European Central Bank) will be rendering its rate
decision today, and it will have a pivotal short term
impact in the Euro dollar. However, it is widely believed
that ECB will keep rate unchanged at 1.50%...

Here´s the forecast:
8:45am (NY Time) EU ECB Rate Decision
Forecast 1.50% Previous 1.50%
ACTION: EUR/USD BUY 1.75%, SELL 1.25%


Thanks,


Henry Liu

http://personalfinancialtranslator.com/

http://www.forexlegion.com