Wednesday, May 09, 08:07 GMT
EUROPEAN Trading Newsletter
To Get Started
- 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
- Check out all our Delivery Options
- The Advisor Blog: FOMC in sight
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Live Sessions Schedule
What moves currencies? - Preview of US FOMC rate decision
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: | ||||
| Wed, May 9, 10:00 GMT | What moves currencies? - Preview of US FOMC rate decision | Tony Juste | WBN | |
| Wed, May 9, 16:00 GMT | Leverage Control and Money Management | Mihai Marinescu | WBN | |
| Wed, May 9, 17:00 GMT | 24 hour Outlook  | John Putman | WBN | |
| Wed, May 9, 17:30 GMT | Live Coverage of FOMC US Interest Rate Announcement | Jerry Furst | WBN |  |
Current Session: Europe
EUR/USD
Daily Recommended Trades - EUR/USD daily outlook by E-Forex
The Euro declined on yesterday and it is currently consolidating near the multi-week lows in the 1.3540 area. Support is formed at 1.3535 backed by 1.3515, 1.3500 and 1.3480. Resistance emerges at 1.3550 followed by 1.3580, 1.3600 and 1.3620. The daily sentiment is bearish, hourly is neutral and everybody is waiting for the rate decisions this week.
- 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:
Currency Majors Technical Analysis by Mataf.net
Forex Technical Analysis - EUR/USD:(1.3543) Back in LT channel of 1.2877 by KBC Bank
Forecast on Forex Majors - Forecast on Forex Majors by FX-Strategy
Currencies at a Glance
- EUR/USD
- Floating around opening price level at 1.3542 , below today's pivot at 1.3558
05/09/2007 07:16 GMT - GBP/USD
- Back around opening price level at 1.9892 after hit today's pivot level at 1.9911
05/09/2007 07:16 GMT - USD/CHF
- Moves down toward today's pivot level at 1.2159
05/09/2007 07:16 GMT - USD/JPY
- Continues to trade around 119.75 , below today's pivot level at 119.88
05/09/2007 07:16 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. , 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 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
Germany TRADE BALANCE
| Date (GMT) | Event | Actual | Cons. | Previous | |
| May 9 | 06:00 | Trade Balance | 18.4B | 15.0 | 14.2B |
DATA SNAP: German March Trade Surplus Widens To EUR18.4B (Dow Jones)
Germany's trade surplus widened more than expected in March to EUR18.4 billion from EUR14.2 billion in February, data released by the Federal Statistics Office showed Wednesday. The trade surplus of EUR18.4 billion was higher than the EUR15.0 billion surplus forecast by economist in a Dow Jones Newswires survey.
[ Full Story ]- Federal Statistical Office Germany homepage
- German Trade Surplus enhances to EUR 18.4 B in March (FXstreet.com)
- German March trade surplus widens to 18.4 bln eur from 14.2 bln in Feb (AFX News)
- DATA SNAP: German March Trade Surplus Widens To EUR18.4B -2- (Dow Jones)
Japan LEADING ECONOMIC INDEX
| Date (GMT) | Event | Actual | Cons. | Previous | |
| May 9 | 05:00 | Leading Economic Index | 40.0 | 40.0 | 40.9 |
Japan March leading index 40.0 vs 27.3 in Feb; coincident index 22.2 vs 30.0 (AFX News)
The index of leading economic indicators rose to 40.0 in March from 27.3 in February, in line with market expectations, according to preliminary data from the Cabinet Office. Economists on average had forecast the leading index in March to come in at 40.0.
[ Full Story ]- Read the Indexes of Business Conditions March 2007 at Cabinet Office
- Japan March Leading Indicators Table Of Data (Dow Jones)
- CORRECT: Japan March Coincident Index 22.2 (Dow Jones)
- Japan March Leading Indicators 40.0; Coincident 22.2 (Dow Jones)
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 (YoY) | 0.7% | |||
| 09:30 | UK | BRC Shop Price Index | 0.5 | |||
| 11:00 | US | MBA Mortgage Applications | 0.6% | |||
| 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% | ||