Friday, May 11, 07:40 GMT
EUROPEAN Trading Newsletter
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- Special Coverage: Fed Meeting Review by FXstreet.com
- ECB and BoE meeting Review by FXstreet.com
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- Forex Forum: The Central Banks Week
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- The Advisor Blog: Carry madness about to end
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Live Sessions Schedule
What moves currencies? - Central Banks Post Action
Expert: Tony Juste
Start: Fri, May 11, 10:00 GMT
Sponsored by: 
Type of Session: Webinar
US Pre-Market Open
Expert: Ed Ponsi
Start: Fri, May 11, 12:00 GMT
Sponsored by: 
Type of Session: Webinar
| Sponsored By: | ||||
| Fri, May 11, 10:00 GMT | What moves currencies? - Central Banks Post Action | Tony Juste | WBN | |
| Fri, May 11, 12:00 GMT | US Pre-Market Open  | Ed Ponsi | WBN | |
| Fri, May 11, 13:20 GMT | US Session Open | Ed Ponsi | WBN | |
| Fri, May 11, 14:00 GMT | Live Trading with the FX Advisor | Tony Juste | WBN | |
Current Session: Europe
GBP/USD
Currency Majors Technical Analysis - GBP USD is in an downtrend by Mataf.net
1,9804. GBP USD broke 1,9880 support. GBP USD is in an downtrend directed by 15min exponential moving averages. GBP USD is in a consolidation after the last bearish movement. The price is just above 1,9780 support. The volatility decreases. Bollinger bands are tightened. ForexTrend 1H (Mataf Trend Indicator) is in a bearish configuration. 4H ForexSto (Modified Stochastic) indicate a bearish pressure on GBP USD.
- 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 Recommended Trades - EUR/USD daily outlook by E-Forex
Daily Market Commentary - The dollar rallied across the board on Thursday by Global Forex Trading Ltd.
USD/JPY Daily Outlook - USD/JPY Daily Outlook by AceTrader
Currencies at a Glance
- EUR/USD
- Floating below opening price level at 1.3484 , below today's pivot at 1.3503
05/11/2007 07:25 GMT - GBP/USD
- Trades around yesterday low at 1.9770 , below today's pivot at 1.9842
05/11/2007 07:25 GMT - USD/CHF
- Trades around today's pivot level at 1.2192
05/11/2007 07:25 GMT - USD/JPY
- Trades around opening price level at 119.86 , below today's pivot at 120.07
05/11/2007 07:25 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 RETAIL SALES
| Date (GMT) | Event | Cons. | Previous | |
| May 11 | 12:30 | Retail Sales (MoM) | 0.4% | 0.7% |
US Trading Preview - Traders will shift their focus to US retail sales reports by Forexnews.com
Traders will shift their focus to US retail sales reports, which are forecasted to drop to 0.4% for both the headline figure, as well as the excluding-autos number. The producer price index for April is forecasted to slip to 0.6%, easing from 1.0% a month earlier.
[ Full Story ]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 |
Daily Global Commentary - Wider Trade Gap Points to Downward Revision of Q1 GDP by Northern Trust
The trade deficit of the U.S. economy widened to $63.9 billion in March vs. a revised $57.9 billion gap in February. The March estimate of the trade deficit is larger than what is assumed in the advance first quarter report for GDP, implying that a downward revision of the 1.3% increase in real GDP is most likely.
[ 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)
- U.S. Trade Gap widens in March despite increase on exports (FXstreet.com)
- Table of U.S. Trade Data -3: Balances By Region (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 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% | ||
| 12:30 | US | Producer Price Index (YoY) (Apr) | 3.1% | 3.2% | ||
| 12:30 | US | Producer Price Index ex Food & Energy (MoM) (Apr) | 0.2% | 0% | ||
| 12:30 | US | Producer Price Index ex Food & Energy (YoY) (Apr) | 1.8% | 1.7% | ||
| 12:30 | US | Retail Sales (MoM) (Apr) | 0.4% | 0.7% | ||
| 14:00 | US | Business Inventories (Mar) | 0.2% | 0.3% | ||
| May 17 | 04:00 | JP | BoJ Interest Rate Decision | 0.5% | 0.5% | |