Today's Economic Calendar:

TIME (GMT)	EVENT	VALUE NAME	CONS.
01:30	AU:Imports
01:30	AU:Exports
04:00	US:Monster Employment Index
06:00	DE:Retail Sales
09:00	EMU:PPI
11:45	EMU:ECB Announcement
12:30	US:Jobless Claims
14:00	US:Factory Orders
14:35	US:EIA Natural Gas Report
20:30	US:Money Supply

Full week Economic Calendar        

News and Events:

The Dollar rose against Euro on Wednesday on the view the European Central Bank might have to cut interest rates and optimism that US lawmakers were about to approve the $700bio plan to stabilize the US financial system. This revised version allows the Treasury to buy bad loans from banks to encourage fresh lending and boost economic growth. The Dollar also got a boost from a report showing US private employers cut a surprisingly low 8k jobs in September, according to ADP Employer Services.

The ECB meets today to decide on interest rates and could still leave its benchmark rate steady at 4.25%.

News that Britain's manufacturing sector shrank at a record pace in September pressured Sterling. The report raised the chances of a Bank of England rate cut next week.

Read Today's Key Issues and The Risk Today        

Resistance and Support:

EURUSD	GBPUSD	USDJPY	USDCHF
1.5280 K	2.0100 K	110.67 T	1.1593 S
1.5000 P	1.8795 S	109.18 M	1.1418 T
1.4250 M	1.8668 M	107.00 M	1.1280 M
1.3885	1.7640	105.45	1.1325
1.3855 M	1.7735 M	105.00 P	1.0692 S
1.3666 S	1.7422 S	103.54 S	1.0500 K
1.3056 T	1.7251 S	100.00 P	1.0013 P
S: Strong, M: Minor, T: Trendline, K: Keylevel, P: Pivot