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Current Session: Europe - U.S.
GBP/USD
Daily Trade Analysis - GBPUSD looking to take a dip below 2.0000 by AMZ Capital
GBPUSD is currently trading sideways and currently its interesting to see that if GBPUSD can hold 2.0000 level. Currently traders are selling GBPUSD for short trades around 1.20075 level and it seems that break of 2.0000 will take GBPUSD to 1.9930 level and around that level, traders will be looking to buy GBPUSD for targets well above 2.0100 level.
- GBP/USD hourly chart 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:
Global FX Daily - U.S. Edition - Markets well positioned for current news backdrop by Mellon Foreign Exchange
Forex Trading Strategies - JPY strength in Asia, but capped in Europe so far by Saxo Bank
Daily Outlook - EUR/USD: Short position from 1.3630, stop loss - 1.3668 by Karoll
Majors at a Glance
- EUR/USD
- Trades below first support level at 1.3569
04/23/2007 10:32 GMT - GBP/USD
- Trades around 2.0000 after bounced at first support level 1.9983
04/23/2007 10:32 GMT - USD/CHF
- Trades around first resistant level at 1.2102
04/23/2007 10:32 GMT - USD/JPY
- Continues to trade around first support level at 118.29
04/23/2007 10:32 GMT
Analyst Sentiment Index (ASI)
Analysts Sentiment Index - GBP/USD
**Source : CMS Forex, Danske Bank A/S, Finotec Group Inc., FXstreet.com, Global Forex Trading Ltd. , Mizuho Corporate Bank
[ View ASI page ] [ View GBP/USD page ]
Charting the Market Movers
EUR USD, Hourly
GBP USD, Hourly
Top Market Movers Preview
US CONSUMER CONFIDENCE
| Date (GMT) | Event | Cons. | Previous | |
| Apr 24 | 14:00 | Consumer Confidence | 105.0 | 107.2 |
Friday Notes - Soaring Euro will not stop the ECB by HVB Group
The two-month climb in gasoline prices is no longer the only factor at work. The labor market is strong and that carries a big weight in the Conference Board’s formula. In addition, the US stock market has been rallying. But housing market problems will keep consumers cautious. Thus, an unchanged reading is most likely.
[ Full Story ]Top Market Movers Review
UK M4 MONEY SUPPLY
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Apr 23 | 08:30 | M4 Money Supply (MoM) | 1.0% | 0.9% | 0.9% |
UK March M4 money supply up 12.8 pct year-on-year; M4 lending up 12.7 bln stg (AFX News)
The Bank of England said provisional estimates for M4 money, a broad measure of money supply, showed a rise of 1 pct in March from February on a seasonally adjusted basis, for a 12.8 pct year-on-year rise. The figures for February are above forecasts of analysts polled by Thomson Financial News who had expected a more moderate monthly rise of 0.8 pct and an annual rise of 12.5 pct.
[ Full Story ]- Read the M4 Money data at Bank of England
Weekly Forex Signals and News - Psychological Pound Trading Week & Schizo weeks ahead by ForexSurvivor
Economic Events
| Date (GMT) | Country | Event | Actual | Cons. | Previous | |
| Apr 23 | 08:30 | UK | M4 Money Supply (MoM) | 1.0% | 0.9% | 0.9% |
| 08:30 | UK | CML Gross Mortgage Lending s.a. | £31.1B | £25.5B | ||
| 08:30 | UK | BBA Net Mortgage Lending s.a. | £5.1B | £5.1B | ||
| 08:30 | UK | M4 Sterling Lending | 9.7B | 9.0B | ||
| Apr 24 | 01:30 | AU | Consumer Price Index (QoQ) (1Q) | -0.1% | ||
| 01:30 | AU | Consumer Price Index (YoY) (1Q) | 3.3% | |||
| 06:15 | CH | Trade Balance (Mar) | 1.38B | |||
| 09:00 | EMU | Industrial New Orders (YoY) (Feb) | 12% | |||
| 09:00 | EMU | Industrial New Orders s.a. (MoM) (Feb) | -0.2% | |||
| 11:22 | UK | CBI Industrial Trends Survey - Total Orders (Apr) | 6% | 8% | ||