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Live Sessions Schedule
Outlook for the major currencies this week
Expert: Ian Copsey
Start: Tue, May 1, 09:00 GMT
Sponsored by: 
Type of Session: Webinar
Topics
- Key economic releases
- Underlying trends
SPECIAL EVENT: Trade Non-Farm Payrolls LIVE - 12th Edition
Expert: Wayne McDonell
Start: Fri, May 4, 12:00 GMT
Sponsored by:
Type of Session: Webinar
| Sponsored By: | ||||
| Tue, May 1, 09:00 GMT | Outlook for the major currencies this week | Ian Copsey | WBN | |
| Tue, May 1, 10:00 GMT | What moves currencies? - Yen crosses watch | Tony Juste | WBN |  |
| Tue, May 1, 12:00 GMT | US Pre-Market Open  | Ed Ponsi | WBN |  |
| Tue, May 1, 13:00 GMT | Raghee Horner's Four Step Trading: Forex | Raghee Horner | WBN | |
Current Session: Europe
GBP/USD
Forecast on Forex Majors - Forecast on Forex Majors by FX-Strategy
The breaks above 1.9983 and then 2.0010 have seen a test of 2.0030 thus far and this does seem supportive of additional gains thought these may be limited today. There is support at 1.9968-77 and while this holds there appears to be risk of gains extending towards 2.0042 and then the 2.0067 corrective high (max 2.0088) but we'll look for this to cap. Thus only breach of the upper resistance would imply a move back to the 2.0131 high.
- GBP/USD watch & strategy 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:
Daily Forex Commentary - Holiday… by Jyske Bank
U.S. Dollar Outlook - GBPUSD, NZDUSD, EURUSD and JPY cross Outlook by Z-forecasting
Daily Recommended Trades - EUR/USD daily outlook by E-Forex
Currencies at a Glance
- EUR/USD
- Moves up above opening price level at 1.3647 , above today's pivot at 1.3637
05/01/2007 07:01 GMT - GBP/USD
- Moves up toward yesterday high at 2.0029 , above today's pivot at 1.9971
05/01/2007 07:01 GMT - USD/CHF
- Continues to trade around opening price level at 1.2070 , above today's pivot at 1.2067
05/01/2007 07:01 GMT - USD/JPY
- Continues to trade above today's pivot level at 119.47
05/01/2007 07:01 GMT
Analyst Sentiment Index (ASI)
Analysts Sentiment Index - USD/JPY
**Source : CMS Forex, Danske Bank A/S, Finotec Group Inc., FXstreet.com, Global Forex Trading Ltd. , KBC Bank, Mizuho Corporate Bank
[ View ASI page ] [ View USD/JPY page ]
Charting the Market Movers
EUR USD, Hourly
USD JPY, Hourly
Top Market Movers Preview
US ISM MANUFACTURING
| Date (GMT) | Event | Cons. | Previous | |
| May 1 | 14:00 | ISM Manufacturing | 51.0 | 50.9 |
Friday Notes - German economy enjoys an updraft by HVB Group
There is a close balance between companies seeing improvement in business conditions and those seeing deterioration. But the rise in durable goods orders in March suggests that a little more optimism will be expressed in the manufacturing ISM survey.
[ Full Story ]Top Market Movers Review
US CONSTRUCTION SPENDING
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Apr 30 | 14:00 | Construction Spending (MoM) | 0.2% | 0.3% | 1.5% |
US March construction spending up 0.2 pct, February revised sharply higher (AFX News)
US construction spending rose slightly in March, while spending in February was revised sharply higher, the Commerce Department said today. Construction spending rose by 0.2 pct in March to 1.19 trln usd, the highest level since September. Economists had expected overall construction spending to rise 0.3 pct in the month.
[ Full Story ]- U.S. Construction Spending, slightly up in March, sharp upward revision for February (FXstreet.com)
- DATA SNAP: Mar Spending Rises After Big Feb Revision Up (Dow Jones)
- US Construction Spending-STATS-Historical -2- (Dow Jones)
US CHICAGO PURCHASING MANAGERS' INDEX
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Apr 30 | 13:45 | Chicago Purchasing Managers' Index | 52.9% | 55.0% | 61.7% |
Chicago PMI Index Disappoints in April (FXstreet.com)
FXstreet.com (Barcelona) – Manufacturing activity has decreased sharply in April from March, according to the latest monthly report released by Purchasing Management-Chicago.<br /><br />The PMI index has fallen to 52.9 in April, from 61.7 in March, below the analyst expectations of a 54.0 reading, in an index which indicates expansion of the sector in levels above 50, and contraction otherwise.<br /><br />The Prices Paid Index grew to 64.9 from 59.1 in March, and the employment index increased t
[ Full Story ]- Table Of Data From US Chicago Purchasing Managers' Report (Dow Jones)
- US Apr Chicago Purchasing Managers' Index decreases to 52.9 from 61.7 in Mar (FXstreet.com)
US PERSONAL INCOME
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Apr 30 | 12:30 | Personal Income | 0.7% | 0.5% | 0.7% |
| Apr 30 | 12:30 | Personal Spending | 0.3% | 0.5% | 0.7% |
| Apr 30 | 12:30 | Core Personal Consumption Expenditure (MoM) | 0% | 0.1% | 0.3% |
| Apr 30 | 12:30 | Core Personal Consumption Expenditure (YoY) | 2.1% | 2.2% | 2.4% |
| Apr 30 | 12:30 | Personal Consumption Expenditure Deflator | 2.1% | - | 2.3% |
U.S. Personal Income rises 0.7% for the second consecutive month (FXstreet.com)
Personal income of American citizens increased larger than expected in March, although their spending posted lower than forecasted, according to data released by the Commerce Department.
[ Full Story ]- Read the Personal Income and Outlays from the U.S. Commerce Department
- US Personal Income-STATS-Historical (Dow Jones)
- Forex - Dollar drops on dip in US core PCE deflator (AFX News)
- ECONOMIC REPORT: U.S. Consumer Spending Sluggish In March (Dow Jones)
Economic Events
| Date (GMT) | Country | Event | Actual | Cons. | Previous | |
| May 1 | 08:30 | UK | PMI Manufacturing Index (Apr) | 54.0 | 54.4 | |
| 10:00 | UK | CBI Distributive Trades Survey - Expected | 20% | 21% | ||
| 10:00 | UK | CBI Distributive Trades Survey - Realized | 30% | 32% | ||
| 14:00 | US | ISM Manufacturing (Apr) | 51.0 | 50.9 | ||
| 23:30 | AU | RBA Rate Decision | 6.25% | 6.25% | ||
| May 2 | 07:30 | CH | SVME - Purchasing Managers' Index (Apr) | 63.5 | 62.0 | |
| 07:55 | DE | Purchasing Manager Index Services (Apr) | 57.3 | 56.9 | ||
| 07:55 | DE | Unemployment Change (Apr) | -40K | -65K | ||
| 07:55 | DE | Unemployment Rate (Apr) | 9.1% | 9.2% | ||
| 08:00 | EMU | PMI Manufacturing Index (Apr) | 55.7 | 55.4 | ||