Thursday, May 10, 07:30 GMT
EUROPEAN Trading Newsletter
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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: | ||||
| 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 | |
| Thu, May 10, 13:00 GMT | Raghee Horner's Four Step Trading: Forex - Free-Access Day | Raghee Horner | WBN | |
| Thu, May 10, 13:30 GMT | Technical Analysis Q&A - Free-Access Day | Tony Juste | WBN | |
Current Session: Europe
GBP/USD
Daily Forex Technical Report - Focus Turning to BoE and ECB after Muted Reactions to FOMC by ActionForex.com
Cable's rebound from 1.9841 extends further to as high as 1.9999 so far but lacks decisive momentum to go further yet. As discussed before, corrective fall from 2.0132 could have completed at 1.9841 already and intraday bias is back to the upside for a rest of 2.0073 resistance. However, below 1.9879 support will turn short term outlook neutral again.
- 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:
Daily Forex Commentary - Heavy data in focus by Jyske Bank
Currency Performance Report - Asia Session Performance by FXstreet.com
Daily Recommended Trades - EUR/USD daily outlook by E-Forex
Currencies at a Glance
- EUR/USD
- Moves up above first resistant level at 1.3555
05/10/2007 07:04 GMT - GBP/USD
- Moves up above today's pivot level at 1.9938
05/10/2007 07:04 GMT - USD/CHF
- Moves down toward first support level at 1.2153
05/10/2007 07:04 GMT - USD/JPY
- Continues to trade around opening price level 120.05 above today's pivot at 119.94
05/10/2007 07:04 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
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
Japan MONEY SUPPLY M2+CD
| Date (GMT) | Event | Actual | Cons. | Previous | |
| May 9 | 23:50 | Money Supply M2+CD (YoY) | 1.1% | 1.1% | 1.1% |
Japan April money supply rises 1.1 pct yr-on-yr, matches forecast (AFX News)
The most widely-watched measure of money supply, M2 plus certificates of deposit (CDs), rose 1.1 pct year-on-year in April, matching the previous month's pace, the Bank of Japan said in a preliminary report.
[ Full Story ]- Read the Money Supply report at Bank of Japan
- Japan April Money Supply Table Of Data (Dow Jones)
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% |
U.S. FED Statement Special Report by FXstreet.com
The FOMC Policy statement came in as expected with no change to the rates: Inflation remained the dominate concern in the wording with notations on elevated core inflation, moderately expanding economy and inflationary pressure due to heightened resource use.
[ Full Story ]- The Advisor Blog: FOMC brings some USD hope
- Read The FOMC decided to keep its target for the federal funds rate at 5-1/4 percent at the Federal Reserve
- 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)
Morning Report - FOMC retains hawkish bias by Westpac Institutional Bank
Daily Global Commentary - May 9 FOMC Meeting: Focus on Inflation Left Intact by Northern Trust
Economic Events
| Date (GMT) | Country | Event | Actual | Cons. | Previous | |
| May 9 | 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% | 1.1% | |
| May 10 | 08:30 | UK | Industrial Production (MoM) (Mar) | 0.3% | -0.2% | |
| 08:30 | UK | Industrial Production (YoY) (Mar) | 0.3% | |||
| 11:00 | UK | BOE Interest Rate Decision | 5.50% | 5.25% | ||
| 11:45 | EMU | ECB Interest Rate Decision | 3.75% | 3.75% | ||
| 12:30 | US | Initial Jobless Claims (May 5) | 305K | |||
| 12:30 | US | Trade Balance (Mar) | -$60.00B | -$58.44B | ||
| 12:30 | EMU | Trichet Speaks at ECB Monthly News Conference | ||||
| May 11 | 12:30 | US | Retail Sales (MoM) (Apr) | 0.4% | 0.7% | |