Monday, May 05, 07:34 GMT
EUROPEAN Trading Newsletter
To Get Started
- From the Editor's Desk: Stocks for currency traders by John Jagerson
- Tradable Rates: Bid and Ask real−time prices
- FX Services: Day trading resources
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Live Sessions Schedule
Derek Frey's Outlook
Expert: Derek Frey
Start: Mon, May 5, 14:00 GMT
Sponsored by: 
Type of Session: Webinar
Weekly Webinar: 1st on Forex − The Week Ahead
Expert: Jerry Furst
Start: Mon, May 5, 16:00 GMT
Sponsored by: 
Type of Session: Webinar
| Sponsored by | ||||
| Mon, May 5, 14:00 GMT | Derek Frey's Outlook | Derek Frey | WBN | |
| Mon, May 5, 15:00 GMT | Advanced Methods for Finding Dominant Trends in Forex Markets  | Steve Primo | WBN |  |
| Mon, May 5, 16:00 GMT | Weekly Webinar: 1st on Forex − The Week Ahead | Jerry Furst | WBN | |
| Tue, May 6, 11:00 GMT | FX Instructor Live Trading Room | Mark De La Paz | WBN |  |
Current Session: Europe
EUR/USD
EUR/USD Daily Outlook by AceTrader Team
NTRA−DAY EUR/USD OUTLOOK: 1.5470
Updating time :05 May 2008 05:49 GMT
Although euro's intra−day cross−inspired rise to 1.5477 earlier suggests recent decline fm 1.6020 has formed a temp.
- Stocks for currency traders by John Jagerson, Founder at Profiting With Forex
- Check out how pairs moved: Live Currency Rates & Charts
- Follow up the most relevant Economic Data in the new Real Time Economic Calendar
Other Topics for this Session:
Daily Market Commentary − A better than expected non−farm payrolls report lifted the dollar further on Friday by Global Forex Trading
FX Analysts' Comments
Average Daily Ranges by Wayne McDonell, FxBootcamp.com
Currencies at a Glance
- EUR/USD
- Moves up towards first resistant level 1.5484
05/05/2008 07:25 GMT - GBP/USD
- Moves up around pivot level 1.9777
05/05/2008 07:26 GMT - USD/CHF
- Moves down below pivot level 1.0545
05/05/2008 07:27 GMT - USD/JPY
- Trades above pivot level 105.15
05/05/2008 07:27 GMT
Analyst Sentiment Index (ASI)
Analysts Sentiment Index - EUR/USD
**Source : ActionForex.com, CMS Forex, Danske Bank A/S, FXstreet.com, Global Forex Trading, Mizuho Corporate Bank
[ View ASI page ] [ View EUR/USD page ]
Charting the Market Movers
USD JPY, Hourly
GBP USD, Hourly
Top Market Movers Preview
US ISM NON−MANUFACTURING
| Date (GMT) | Event | Cons. | Previous | |
| May 5 | 14:00 | ISM Non−Manufacturing | - | 49.6 |
US: ISM Monitor by Danske Bank A/S
March's ISM figure showed a modest increase to 48.6 from 48.3 in February. The rise was mainly driven by increases in supplier deliveries and employment. The new orders index dropped to its lowest level since 2001
[ Full Story ]- HIGHLIGHTS Outlook of US economic indicators to be released in the coming week (Thomson Financial News)
Daily Forex Outlook - US Unemployment and Payrolls boosts dollar. All eyes on ISM services by Easy Forex
USA: ISM goes sideways by Danske Bank A/S
Top Market Movers Review
Australia HOUSE PRICE INDEX
| Date (GMT) | Event | Actual | Cons. | Previous | |
| May 5 | 01:30 | House Price Index (QoQ) | 1.1% | - | 3.2% |
| May 5 | 01:30 | House Price Index (YoY) | 13.8% | - | 12.3% |
Australia 1Q House Prices Rise 1.1% Vs 4Q Vs Forecast +0.3% (Dow Jones)
The weighted average price of established houses in Australian capital cities rose 1.1% in the first quarter from the fourth quarter 2007, the Australia Bureau of Statistics said Monday. Economists had forecast a rise of 0.3%, according to a survey by Dow Jones Newswires.
[ Full Story ]- Read the House Price Index report at Australian Bureau of Statistics
Economic Events
| Date (GMT) | Country | Event | Actual | Cons. | Previous | |
| May 4 | 22:45 | NZ | Labor Cost Index (QoQ) (1Q) | 0.7% | 1.1% | |
| May 5 | 01:30 | AU | House Price Index (QoQ) (1Q) | 1.1% | 3.2% | |
| 01:30 | AU | House Price Index (YoY) (1Q) | 13.8% | 12.3% | ||
| 08:30 | EMU | Sentix Investor Confidence (Apr) | 4.1 | |||
| 14:00 | US | ISM Non−Manufacturing (Apr) | 49.6 | |||
| May 6 | 01:30 | AU | Trade Balance (Mar) | -3289M | ||
| 04:30 | AU | RBA Interest Rate Decision | 7.25% | |||
| 05:45 | CH | Consumer Price Index (MoM) (Apr) | 0.3% | |||
| 05:45 | CH | Consumer Price Index (YoY) (Apr) | 2.6% | |||
| 08:00 | EMU | Purchasing Manager Index Services (Apr) | 51.6 | |||