Friday, Jun 01, 07:32 GMT
EUROPEAN Trading Newsletter
To Get Started
- Forex Trader of the Year 2007 Contest Offering $500,000 prizes
- SPECIAL EVENT: Trade Non-Farm Payrolls LIVE with Wayne McDonell
- The Signals Tracker: track down the performance of a particular signal provider
- Check out all our Delivery Options
- Visit the rest of our Newsletters and subscribe now!
Send us your feed back. Post your comments about the new newsletters' format in the Forum.
Live Sessions Schedule
SPECIAL EVENT: Trade Non-Farm Payrolls LIVE
Expert: Wayne McDonell
Start: Fri, Jun 1, 12:00 GMT
Sponsored by: 
Type of Session: Webinar
Live Trading with the FX Advisor
Expert: Tony Juste
Start: Fri, Jun 1, 14:00 GMT
Sponsored by: 
Type of Session: Webinar
| Sponsored By: | ||||
| Fri, Jun 1, 12:00 GMT | SPECIAL EVENT: Trade Non-Farm Payrolls LIVE | Wayne McDonell | WBN | |
| Fri, Jun 1, 14:00 GMT | Live Trading with the FX Advisor | Tony Juste | WBN | |
| Mon, Jun 4, 10:00 GMT | What moves currencies? | Tony Juste | WBN | |
| Mon, Jun 4, 11:00 GMT | Weekly Webinar: 1st on Forex - The Week Ahead | Jerry Furst | WBN |  |
Current Session: Europe
GBP/USD
Forex Technical Report GBP/USD by iFOREX.bg
GBP/USD Open 1.9806 Close 1.9755 High 1.9831 Low 1.9734.
The Cable tried again to test the support at the resent bottom 1.9676, and a break of this level will lead to test of the strong support 1.9588 from 9 April 2007. Resistance is 1.9833, which is 62.2% correction of the drop 1.9897 - 1.9732, and a resent top.
- Looking for the Trader of the Year 2007: Take part in the 1st FXstreet.com Trading Contest
- Brief Intraday Market Commentary by Tony Juste
- The Signals Tracker: track down the performance of a particular signals provider
- 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
Other Topics for this Session:
Daily Forex Commentary - Silence before the storm by Jyske Bank
Currency Majors Technical Analysis - Currency Majors Technical Analysis by Mataf.net
Forecast on Forex Majors - Forecast on Forex Majors by FX-Strategy
Currencies at a Glance
- EUR/USD
- Moving down below pivot level 1.3450
06/01/2007 07:14 GMT - GBP/USD
- Moves down below pivot level 1.9783
06/01/2007 07:14 GMT - USD/CHF
- Moves up above first resistant 1.2271
06/01/2007 07:14 GMT - USD/JPY
- Continues to move up toward first resistant level 121.98
06/01/2007 07:14 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
EMU PURCHASING MANAGERS INDEX, MANUFACTURING
| Date (GMT) | Event | Cons. | Previous | |
| Jun 1 | 08:00 | Purchasing Managers Index, Manufacturing | 55.5 | 55.4 |
Friday Notes - Risk of rising inflation expectations by HVB Group
We expect the manufacturing PMI to rise marginally to 55.6 in May. The index continues to stay in a healthy area and shows that improving domestic demand allows the sector to cope with a strong currency and the pick up in energy price pressures. The underlying manufacturing trend remains consistent with abovepotential GDP growth.
[ Full Story ]Top Market Movers Review
Germany RETAIL SALES
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Jun 1 | 06:00 | Retail Sales (YoY) | 0.6% | -0.8% | 0.5% |
| Jun 1 | 06:00 | Retail Sales (MoM) | 2.6% | 1.0% | -0.4% |
DATA SNAP: German Apr Retail Sales +2.6%MM,Beats Forecast (Dow Jones)
German retail sales rose 2.6%on the month in April, beating economists' expectations, Federal Statistics Office data showed Friday. The consensus forecast of 14 economists polled by Dow Jones Newswires was for a 1.0% rise on the month.
[ Full Story ]- Read the report: Turnover in retail trade in April 2007: In real terms - 0.6% to April 2006 at German Statistics
- Strong growth on German monthly retail sales (FXstreet.com)
- German April retail sales up 2.6 pct vs March, down 0.6 pct year-on-year (AFX News)
Economic Events
| Date (GMT) | Country | Event | Actual | Cons. | Previous | |
| Jun 1 | 05:45 | CH | Consumer Price Index (YoY) (May) | 0.5% | 0.5% | 0.5% |
| 06:00 | DE | Retail Sales (MoM) (Apr) | 2.6% | 1.0% | -0.4% |
|
| 06:00 | DE | Retail Sales (YoY) (Apr) | 0.6% | -0.8% | 0.5% | |
| 07:30 | CH | SVME - Purchasing Managers' Index (May) | 58.9 | 62.5 | 61.9 | |
| 07:55 | DE | Manufacturing Purchasing Manager Index (May) | 57.2 | 57.0 | ||
| 08:00 | EMU | Purchasing Managers Index, Manufacturing (May) | 55.5 | 55.4 | ||
| 08:30 | UK | PMI Manufacturing Index (May) | 53.7 | 53.9 | ||
| 09:00 | EMU | Gross Domestic Product s.a. (QoQ) (1Q)  | 0.6% | 0.6% | ||
| 09:00 | EMU | Unemployment Rate (Apr) | 7.1% | 7.2% | ||
| 12:30 | US | Average Hourly Earnings (MoM) (May) | $0.3 | $0.2 | ||