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Starting the day

Posted on September 4, 2008 at 10:42 in Uncategorized by Valeria Bednarik

Hi welcome to a new day in Forex market, hope you are fine. I have been away for this first couple of hours of the day, so, I guess today we skip the introduction and jump to what it matters: the rates decision in Europe and England, that are expected with no changes will surely put some action in the market, and the rest of the fundamentals in the US particularly the ones regarding employment, as tomorrow we have the monthly Non-farm Payrolls.These are the most relevant news for today, East Time:

07:00 GBP Bank of England Rate Decision, expected with no changes at 5.00%

07:45 EUR European Central Bank Rate Decision, expected with no changes at 4.25%

08:15 US ADP Employment August (Expected -19K Previous 9K)

08:30 US Initial Claims 08/30 (Expected 422K Previous 425K)

08:30 US Productivity-Rev. Q2 (Expected 2.9% Previous 2.2%)

10:00 US ISM Services August (Expected 49.0 Previous 49.5)

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