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EUROPEAN Trading Newsletter
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Live Sessions Schedule
Asia-Pacific trading Webinar
Expert: Abdul Khan
Start: Wed, May 2, 08:30 GMT
Sponsored by: 
Type of Session: Webinar
What moves currencies?
Expert: Tony Juste
Start: Wed, May 2, 10:00 GMT
Sponsored by: 
Type of Session: Webinar
| Sponsored By: | ||||
| Wed, May 2, 08:30 GMT | Asia-Pacific trading Webinar | Abdul Khan | WBN | |
| Wed, May 2, 10:00 GMT | What moves currencies? | Tony Juste | WBN | |
| Wed, May 2, 12:00 GMT | US Pre-Market Open  | Ed Ponsi | WBN | |
| Wed, May 2, 13:20 GMT | US Session Open | Ed Ponsi | WBN | |
Current Session: Europe
EUR/USD
Forex Technical Analysis - EUR/USD:(1.3575) Back in LT channel off 1.2877 by KBC Bank
New year high, with move above 1.3310 (monthly Downtrendline off 1992 on synthetic charts) and above 1.3469 (LT daily Downtrenline off 1992 on same charts): positive Medium Term outlook for € while above.
Currently back in channel off 1.2877, with 1.3585 = neckline of a Short Term Double Top? (see graph).
- USD ticks into extrme overbought territory 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 Recommended Trades - EUR/USD daily outlook by E-Forex
Forecast on Forex Majors - Forecast on Forex Majors by FX-Strategy
Daily Forex and Dow Jones Recommended Levels - Fxtechtrade by Fxtechtrade
Currencies at a Glance
- EUR/USD
- Moves up above first support level at 1.3572 , trades around 1.3585
05/02/2007 07:02 GMT - GBP/USD
- Trades around first support level at 1.9950
05/02/2007 07:02 GMT - USD/CHF
- Trades around opening price level at 1.2145 , above today's pivot at 1.2119
05/02/2007 07:02 GMT - USD/JPY
- Trades around opening price level at 119.84 , after bounced at today's pivot 119.59
05/02/2007 07:02 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
EMU PMI MANUFACTURING INDEX
| Date (GMT) | Event | Cons. | Previous | |
| May 2 | 08:00 | PMI Manufacturing Index | 55.7 | 55.4 |
Friday Notes - German economy enjoys an updraft by HVB Group
Following the astounding performances posted by the German Ifo and the French INSEE business confidence surveys, we expect the manufacturing PMI to increase to 55.7. The index remains in very good shape and shows the good resilience of the sector to shocks like a stronger currency and the pick up in energy prices.
[ Full Story ]Top Market Movers Review
Australia RBA RATE DECISION
| Date (GMT) | Event | Actual | Cons. | Previous | |
| May 1 | 23:30 | RBA Rate Decision | 6.25% | 6.25% | 6.25% |
Australia's central bank leaves official cash rate unchanged at 6.25 pct (AFX News)
The Reserve Bank of Australia (RBA) said it left its official cash rate unchanged at 6.25 pct following its monthly policy meeting on Tuesday. No change to the rate had been expected following the release last week of tame inflation data for the first quarter to March. The data showed headline CPI in the three months to March rose 0.1 pct from the previous quarter and was up just 2.4 pct year-on-year, well within the RBA's 2-3 pct target range.
[ Full Story ]- Read the Cash Rate Target report at Reserve Bank of Australia
Economic Events
| Date (GMT) | Country | Event | Actual | Cons. | Previous | |
| May 1 | 23:30 | AU | RBA Rate Decision | 6.25% | 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 | ||
| 08:30 | UK | M4 Money Supply (MoM) (Mar) | 1% | |||
| 08:30 | UK | M4 Money Supply (YoY) (Mar) | 12.8% | |||
| 08:30 | UK | Net Consumer Credit (Mar) | 0.9B | 0.9B | ||
| 09:00 | EMU | Unemployment Rate (Mar) | 7.2% | 7.3% | ||