Thursday, May 10, 16:59 GMT
ASIA-PACIFIC Trading Newsletter
To Get Started
- The Advisor Weblog: Remember the clouds? Well, now the USD has many upon it
- Special Coverage: Fed Meeting Review by FXstreet.com
- ECB and BoE meeting Review by FXstreet.com
- Forex Forum: The Central Banks Week
- The Signals Tracker: track down the performance of a particular signal provider
- 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: Fri, May 11, 10:00 GMT
Sponsored by: 
Type of Session: Webinar
Weekly Webinar: 1st on Forex - The Week Ahead
Expert: Jerry Furst
Start: Mon, May 14, 11:00 GMT
Sponsored by: 
Type of Session: Webinar
| Sponsored By: | ||||
| Thu, May 10, 16:00 GMT | Trading with Tim Billups - Free-Access Day | Tim Billups | WBN | |
| Thu, May 10, 17:00 GMT | 24 hour Outlook - Free-Access Day | John Putman | WBN | |
| Thu, May 10, 20:00 GMT | 24 hour Outlook  | John Putman | WBN | |
| Thu, May 10, 21:00 GMT | FX Daily Wrap Up | Derek Frey | WBN |  |
| Fri, May 11, 10:00 GMT | What moves currencies? | Tony Juste | WBN | |
Current Session: U.S.
GBP/USD
Daily Forex Forecast - GBP/USD has dropped directly down to 1.9800 by FXDream
GBP/USD has dropped directly down to 1.9800 earlier today as Bank of England has lifted the rate with only 25 basis points, supported by worse than expected. UK Industrial Production numbers. The bias is bearish and below 1.9800 may lead price lower down to 1.9700 till the end of the week. First crucial Support comes around 1.9780.
- The Signals Tracker: track down the performance of a particular signals 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:
Mid-Day Forex Technical Report - Dollar Still Firm after BoE Hike, ECB's "Vigilance" & Weak Trade Data by ActionForex.com
Forex Trading Strategies - BoE hikes to 5.50% as expected by Saxo Bank
FX Thoughts for the Day - FX Thoughts for the day - Evening - 10-May-2007....1208 GMT by Kshitij Consultancy Service
Currencies at a Glance
- EUR/USD
- Moving down toward second support level at 1.3489
05/10/2007 16:48 GMT - GBP/USD
- Moves down below second support level at 1.9822
05/10/2007 16:48 GMT - USD/CHF
- Continues to trade around first resistant level at 1.2205
05/10/2007 16:48 GMT - USD/JPY
- Drops toward today's pivot level at 119.94 after hit last week high at 120.45
05/10/2007 16:48 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 PRODUCER PRICE INDEX
| Date (GMT) | Event | Cons. | Previous | |
| May 11 | 12:30 | Producer Price Index (MoM) | 0.6% | 1.0% |
| May 11 | 12:30 | Producer Price Index (YoY) | 3.1% | 3.2% |
Friday Notes - The oil price just keeps on rising by HVB Group
In addition to the big increase in energy prices, industrial commodity prices also moved higher in April. While most of the effect will be on crude and intermediate materials, some will show up in both headline and core PPI.
[ Full Story ]Top Market Movers Review
US TRADE BALANCE
| Date (GMT) | Event | Actual | Cons. | Previous | |
| May 10 | 12:30 | Trade Balance | -$63.89B | -$60.00B | -$57.89B |
U.S. Trade Gap widens in March despite increase on exports (FXstreet.com)
The U.S. deficit in goods and services trade with the rest of the world widened in March to $63.89 billion from 57.89 billion on the previous month. Imports increased $2.2 billion in March compared with February imports of $124.0 billion but they could not beat the rise on imports $8.2 billion higher than in Febryuary, when imports reached $181.9 billion.
[ Full Story ]- Read the U.S. International Trade in Goods and Services at Commerce Department
- DATA SNAP: Crude Oil Imports Widen US March Trade Gap (Dow Jones)
- Table of U.S. Trade Data -4: Petroleum, Products Imports (Dow Jones)
- Table of U.S. Trade Data -2: Imports, Exports (Dow Jones)
U.S Market Update - Release of the March trade balance by Trade The News
Economic Events
| Date (GMT) | Country | Event | Actual | Cons. | Previous | |
| May 10 | 08:30 | UK | Industrial Production (MoM) (Mar) | 0.3% | 0.3% | -0.3% |
| 08:30 | UK | Industrial Production (YoY) (Mar) | -0.2% | 0.3% | ||
| 08:30 | UK | Trade Balance | -7.1B | -6.7B | -7.0B |
|
| 11:00 | UK | BOE Interest Rate Decision | 5.50% | 5.50% | 5.25% | |
| 11:45 | EMU | ECB Interest Rate Decision | 3.75% | 3.75% | 3.75% | |
| 12:30 | US | Initial Jobless Claims (May 5) | 297K | 305K | ||
| 12:30 | US | Trade Balance (Mar) | $-63.89B | -$60.00B | -$57.89B |
|
| 12:30 | EMU | Trichet Speaks at ECB Monthly News Conference | ||||
| May 11 | 11:00 | CA | Net Change in Employment (Apr) | 18.0K | 54.9K | |
| 12:30 | US | Producer Price Index (MoM) (Apr) | 0.6% | 1.0% | ||