Thursday, Apr 05, 11:51 GMT
U.S. Trading Newsletter
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Special Webinars
Figures Made Simple
Expert: Valeria Bednarik
Start: Thu, Apr 5, 14:00 GMT
Sponsored by: 
Type of Session: Webinar
Topics
- Continuation or Change
- Reliability
- How to use them in daily trading
Fed Fund and FX Binaries - A Fundamental Approach
Expert: Peter A. Rosenstreich
Start: Tue, Apr 10, 16:00 GMT
Sponsored by:
Type of Session: Webinar
Topics
- The Exchange - Who is HedgeStreet?
- Fed Fund Binaries - What is a Fed Fund Binary?
- FX Binaries - What is an FX Binary?
- Trading- How to integrate Fed Fund and FX binaries into your trading strategy?
Current Session: Europe - U.S.
GBP/USD
Daily Forex Technical Report - BoE Rate Decision Closely Watched by ActionForex.com
Cable's consolidative trading from 1.9824 continues today. As discussed before, risk of a short term top has increased with bearish divergence condition in 4 hours MACD and RSI. However, a break below 1.9662 support is needed to confirm this first. Otherwise, further rise is still in favor.
- At the Open. GBP awaits the BoE decision 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
- Read the comments to the latest market moves at our Forex Forum
Other Topics for this Session:
Daily Technical Briefing - Range Continues but Fibonacci Time Relationship Points to Kiwi Reversal by FXCM
Global FX Daily - European Edition - GBP in focus today ahead of close MPC outcome by Mellon Foreign Exchange
Market Reaction: UK Industrial Production data by FXstreet.com by FXstreet.com
- EUR/USD
- Continues to trade around 1.3365 , slightly above today's pivot at 1.3354
04/05/2007 10:18 GMT - GBP/USD
- Trades around first support at 1.9727 after UK Manufacturing data
04/05/2007 10:18 GMT - USD/CHF
- Continues to trade above today's pivot at 1.2201
04/05/2007 10:18 GMT - USD/JPY
- Continues to trade around today's pivot at 118.77 on a narrow daily range
04/05/2007 10:18 GMT
Analyst Sentiment Index (ASI)
Analysts Sentiment Index - GBP/USD
**Source : CMS Forex, Danske Bank A/S, FXstreet.com, Global Forex Trading Ltd. , Mizuho Corporate Bank, Saxo Bank
[ View ASI page ] [ View GBP/USD page ]
Charting the Market Movers
EUR USD, Hourly
GBP USD, Hourly
Top Market Movers Preview
US INITIAL JOBLESS CLAIMS
| Date (GMT) | Event | Cons. | Previous | |
| Apr 5 | 12:30 | Initial Jobless Claims | - | 308K |
Friday Notes - ECB to hike key rate to 4.50% by HVB Group
New claims for unemployment compensation have leveled off in the past few weeks, although the insured unemployment rate has been a little higher. Overall, the job market is steady and even tight in some areas but not booming.
[ Full Story ]Top Market Movers Review
UK BANK OF ENGLAND RATE DECISION
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Apr 5 | 11:00 | Bank of England Rate Decision | 5.25% | 5.25% | 5.25% |
Bank Of England Leaves Bank Rate Unchanged At 5.25% (Dow Jones)
The Bank of England left its official bank rate at 5.25% Thursday following a two-day monthly meeting of its Monetary Policy Committee. The decision was broadly expected. A Dow Jones Newswires survey last week found that eight of the 11 economists polled forecast the MPC would keep rates on hold.
[ Full Story ]- Read how the Bank of England Maintains Bank Rate at 5.25% at the BoE
- he Advisor Blog: BoE interest rate decision
- BoE right to keep interest rates unchanged - BCC (AFX News)
- Forex - Pound drops after BoE leaves interest rates unchanged (AFX News)
- BoE keeps key repo rate on hold at 5.25 pct (AFX News)
- Tony Juste, FX Advisor at FXstreet.com: "After the BoE, Cable falls to 1.9680 (50% retracement of the last upleg, which is holding at the moment), and GBP/JPY falls to 233.70. market shows disappointment as it was well positioned on the hike side this time." - The Advisor Blog
UK INDUSTRIAL PRODUCTION
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Apr 5 | 08:30 | Industrial Production (MoM) | -0.2% | 0.2% | 0% |
| Apr 5 | 08:30 | Industrial Production (YoY) | 0.3% | 0.7% | 0.4% |
European Market Update - UK Manufacturing and Industrial Production Falls Short of Estimates by Trade The News
Industrial and manufacturing production figures for the month of February fell below estimates in the UK. Manufacturing production posted its largest m/m decline since October of 2005 resulting from lower aircraft and motor vehicle production.
[ Full Story ]- Read the Index of Manufacturing: 0.2% three-monthly fall at National Statistics
- Forex - Pound drops after weak UK manufacturing data (AFX News)
- DATA SNAP: UK Mfg Output Marks Largest Fall Since Oct 05-2- (Dow Jones)
- UK Industrial production disappoints (FXstreet.com)
Economic Events
| Date (GMT) | Country | Event | Actual | Cons. | Previous | |
| Apr 5 | 10:00 | DE | Industrial Production s.a. (MoM) (Feb) | 0.9% | -0.5% | 0.9% |
| 11:00 | UK | Bank of England Rate Decision (Apr 5) | 5.25% | 5.25% | 5.25% | |
| 11:00 | CA | Net Change in Employment (Mar) | 54.0K | 10.0K | 14.2K | |
| 11:00 | CA | Unemployment Rate (Mar) | 6.1% | 6.1% | 6.1% | |
| 12:30 | US | Initial Jobless Claims (Mar 31) | 308K | |||
| Apr 6 | 05:00 | JP | Leading Economic Index (Feb)  | 40.9% | ||
| 12:30 | US | Average Workweek (Mar) | 33.8 | 33.7 | ||
| 12:30 | US | Hourly Earnings (Mar) | 0.3% | 0.4% | ||
| 12:30 | US | Nonfarm Payrolls (Mar) | 118K | 97K | ||
| 12:30 | US | Unemployment Rate (Mar) | 4.6% | 4.5% | ||