Wednesday, May 09, 19:51 GMT
ASIA-PACIFIC Trading Newsletter
To Get Started
- The Advisor Weblog: FOMC brings some USD hope
- 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
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Live Sessions Schedule
What moves currencies? - Free-Access Day
Expert: Tony Juste
Start: Thu, May 10, 10:00 GMT
Sponsored by: 
Type of Session: Webinar
US Pre-Market Open - Free-Access Day
Expert: Ed Ponsi
Start: Thu, May 10, 12:00 GMT
Sponsored by: 
Type of Session: Webinar
| Sponsored By: | ||||
| Wed, May 9, 20:00 GMT | 24 hour Outlook  | John Putman | WBN | |
| Wed, May 9, 21:00 GMT | FX Daily Wrap Up | Derek Frey | WBN |  |
| Thu, May 10, 10:00 GMT | What moves currencies? - Free-Access Day | Tony Juste | WBN | |
| Thu, May 10, 12:00 GMT | US Pre-Market Open - Free-Access Day | Ed Ponsi | WBN | |
Current Session: U.S.
EUR/USD
U.S. FED Statement Special Report - The Federal Reserve keeps rates at 5.25% by FXstreet.com
This data should keep the dollar propped through the balance of the day, but how far it goes and how long it persists is the question: Initial reaction to the data is often severe but the release also displays worse than normal follow through making this a relatively tricky news event to trade for both the intraday trader and the swing trader. Market timing is critical when trading this event.
- The Signals Tracker: track down the performance of a particular signal provider
- Read the latest market comments 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:
Bank Recomendations - Technical FX, Capital Management, SEB by Finotec Group Inc.
Foreing Exchange - EUR: Yesterday's break bellow 1,3525 halts the recent bullish momentum a bit by Avantage Financial GMBH
Daily Technical Analysis - EUR: Likely to suffer a small shake-out with a potential very small ‘head-and-shoulders’ top by Mizuho Corporate Bank
Currencies at a Glance
- EUR/USD
- Moving down toward first support at 1.3497 after US Interest Rate decision
05/09/2007 18:46 GMT - GBP/USD
- Moving down toward today's pivot at 1.9911 after US Interest Rate decision
05/09/2007 18:46 GMT - USD/CHF
- Moving up toward first resistant level at 1.2216 after US Interest Rate decision
05/09/2007 18:46 GMT - USD/JPY
- Moving up toward first resistant level at 120.25 after US Interest Rate decision
05/09/2007 18:46 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
UK INDUSTRIAL PRODUCTION
| Date (GMT) | Event | Cons. | Previous | |
| May 10 | 08:30 | Industrial Production (MoM) | 0.3% | -0.2% |
Friday Notes - The oil price just keeps on rising by HVB Group
Consistent with the first estimate of Q1 GDP, we expect March industrial production to rebound, rising by 0.3% m-o-m, after declining by 0.2% in February. Manufacturing output growth should have turned into positive territory, following two consecutive months of contraction, while oil extraction activity should moderate, after a strong acceleration since January.
[ Full Story ]Top Market Movers Review
US FED INTEREST RATE DECISION
| Date (GMT) | Event | Actual | Cons. | Previous | |
| May 9 | 18:15 | Fed Interest Rate Decision | 5.25% | 5.25% | 5.25% |
The FED leaves interest rates on hold at 5.25% (FXstreet.com)
As widely expected, the Federal Reserve has announced their decision to leave interest rates unchanged at 5.25%, after their monthly monetary policy meeting.
[ Full Story ]- The FOMC decided to keep its target for the federal funds rate at 5-1/4 percent - Offical
- FOCUS US Federal Reserve stays on hold (AFX News)
- THE FED: No Change In Tune Expected From Fed (Dow Jones)
- THE FED: Text Of Fed Statement (Dow Jones)
U.S. FED Statement Special Report by FXstreet.com
Economic Events
| Date (GMT) | Country | Event | Actual | Cons. | Previous | |
| May 9 | 05:00 | JP | Leading Economic Index (Mar)  | 40.0 | 40.0 | 40.9 |
| 06:00 | DE | Trade Balance | 18.4B | 15.0 | 14.2B | |
| 09:30 | UK | BRC Shop Price Index | 0 | 0.5 | ||
| 09:30 | UK | BRC Shop Price Index (YoY) | 0.8% | 0.7% | ||
| 11:00 | US | MBA Mortgage Applications | 3.6% | 0.6% | ||
| 18:15 | US | Fed Interest Rate Decision | 5.25% | 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% | ||