Tuesday, May 08, 17:00 GMT
ASIA-PACIFIC Trading Newsletter
To Get Started
- The Advisor Weblog: The chess game
- Special coverage: Fed Meeting Preview by FXstreet.com
- Forex Forum: The Central Banks Week
- The Signals Tracker: track down the performance of a particular signal provider
- 1st FXstreet.com International Traders Conference: See you in Barcelona!
- Check out all our Delivery Options
Send us your feed back. Post your comments about the new newsletters' format in the Forum.
Live Sessions Schedule
What moves currencies?
Expert: Tony Juste
Start: Wed, May 9, 10:00 GMT
Sponsored by: 
Type of Session: Webinar
Leverage Control and Money Management
Expert: Mihai Marinescu
Start: Wed, May 9, 16:00 GMT
Sponsored by: 
Type of Session: Webinar
| Sponsored By: | ||||
| Tue, May 8, 17:00 GMT | 24 hour Outlook  | John Putman | WBN | |
| Tue, May 8, 20:00 GMT | 24 hour Outlook | John Putman | WBN | |
| Tue, May 8, 21:00 GMT | FX Daily Wrap Up | Derek Frey | WBN |  |
| Wed, May 9, 10:00 GMT | What moves currencies? | Tony Juste | WBN | |
Current Session: U.S.
EUR/USD
Mid-Day Forex Technical Report - Euro Weakens Across the Board, Channel Support Broken by ActionForex.com
FX rates as at 11.00pm EST GBP/USD 1.9954/59 EUR/USD 1.3611/14 USD/JPY 119.86/89 USD/CHF 1.2113/17 USD/CAD 1.1013/18 AUD/USD 0.8302/06 NZD/USD 0.7393/97. German Industrial Production for March came in at -0.1% m/m after a revised +0.4% in February. Euro-dollar dropped 10 pips on the news currently trading at 1.3571/74 (6.00am EST).
- The Signals Tracker: track down the performance of a particular signal provider
- Have a look at the Advisor's Blog by Tony Juste
- Check out how the currency moved on Live Currency Rates & Charts at FXstreet.com
- Follow up the most relevant Economic Data in the new Real Time Economic Calendar
- Be up to date with the Latest Forex News
- The Cable experience at our Forex Forum
Other Topics for this Session:
Don't Deny Reality by TradingEducation.com, LLC
Daily U.S. Forex Summary - The U.S. dollar managed a recovery against the euro by Union Bank of California
EUR/USD Briefing - EUR/USD Briefing by Nexum Capital Markets
Currencies at a Glance
- EUR/USD
- Trades around 1.3535 , below third support level at 1.3549
05/08/2007 16:35 GMT - GBP/USD
- Trades around second support level at 1.9893
05/08/2007 16:35 GMT - USD/CHF
- Trades around last week high at 1.2187
05/08/2007 16:35 GMT - USD/JPY
- Trades above first support level at 119.84
05/08/2007 16:35 GMT
Analyst Sentiment Index (ASI)
Analysts Sentiment Index - EUR/USD
**Source : CMS Forex, Danske Bank A/S, Finotec Group Inc., FXstreet.com, Global Forex Trading Ltd. , Mizuho Corporate Bank
[ View ASI page ] [ View EUR/USD page ]
Charting the Market Movers
EUR USD, Hourly
USD GBP, Hourly
Top Market Movers Preview
US FED INTEREST RATE DECISION
| Date (GMT) | Event | Cons. | Previous | |
| May 9 | 18:15 | Fed Interest Rate Decision | 5.25% | 5.25% |
Fed Meeting Preview by FXstreet.com
US Government is still worried about inflation, but it's not probable that a rate hike is given on the 9th May's Meeting. The last hike was seen on June '06 when they hiked to the actual 5.25%. Economic growth has slowed down noticeably in the past months but it is not strong enough yet to put pressure on the Fed to cut rates.
- Special Webinar: FOMC US interest rate announcement by Jerry Furst
- THE FED: FOMC Likely To Hold Rates Steady, Limited Changes To Statement (Dow Jones)
FOMC May 9th Meeting by BBVA Bancomer
Top Market Movers Review
US WHOLESALE INVENTORIES
| Date (GMT) | Event | Actual | Cons. | Previous | |
| May 8 | 14:00 | Wholesale Inventories | 0.3% | 0.5% | 0.5% |
ECONOMIC REPORT: U.S. March Wholesale Inventories Rise 0.3% On Petroleum (Dow Jones)
Inventories at U.S. wholesalers rose by 0.3% in March, led mostly by a 3.1% increase in petroleum inventories, the Commerce Department reported Tuesday. The move follows a revised increase of 0.4% in February and is up 8.1% from a year ago.
[ Full Story ]- Read the Monthly Wholesale Trade at Commerce Department
- US March wholesale inventories up 0.3 pct, sales jump 1.8 pct (AFX News)
- DATA SNAP: US Wholesale Inventories Miss Expectations (Dow Jones)
Forex Weekly Review and Outlook - Central Banks to Dominate by ActionForex.com
Weekly Market Commentary - A holiday-thin week by Mizuho Corporate Bank
Economic Events
| Date (GMT) | Country | Event | Actual | Cons. | Previous | |
| May 8 | 01:30 | AU | Retail Sales (MoM) | 1.1% | 0.5% | 0.9% |
| 10:00 | DE | Industrial Production s.a. (MoM) (Mar) | -0.1% | 0.5% | 0.9% | |
| 14:00 | US | Wholesale Inventories (Mar) | 0.3% | 0.5% | 0.5% | |
| May 9 | 05:00 | JP | Leading Economic Index (Mar)  | 40.9% | ||
| 18:15 | US | Fed Interest Rate Decision | 5.25% | 5.25% | ||
| 23:50 | JP | Money Supply M2+CD (YoY) (Apr) | 1.1% | 1.1% | ||
| May 10 | 08:30 | UK | Industrial Production (MoM) (Mar) | 0.3% | -0.2% | |
| 08:30 | UK | Industrial Production (YoY) (Mar) | 0.3% | |||
| 09:00 | UK | BOE Interest Rate Decision | 5.50% | 5.25% | ||
| 11:45 | EMU | ECB Interest Rate Decision | 3.75% | 3.75% | ||