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Live Sessions Schedule
Raghee Horner's Four Step Trading: Forex
Expert: Raghee Horner
Start: Thu, May 3, 13:00 GMT
Sponsored by: 
Type of Session: Webinar
US Session Open
Expert: Ed Ponsi
Start: Thu, May 3, 13:20 GMT
Sponsored by:
Type of Session: Webinar
| Sponsored By: | ||||
| Thu, May 3, 12:00 GMT | US Pre-Market Open  | Ed Ponsi | WBN | |
| Thu, May 3, 13:00 GMT | Raghee Horner's Four Step Trading: Forex | Raghee Horner | WBN | |
| Thu, May 3, 13:20 GMT | US Session Open | Ed Ponsi | WBN | |
| Thu, May 3, 14:00 GMT | Technical Analysis Q&A | Tony Juste | WBN |  |
| Thu, May 3, 16:00 GMT | Trading with Tom Flora | Tim Billups | WBN | |
Current Session: Europe - U.S.
USD/CHF
Forex Daily Analysis - The US ISM Non-Manufacturing Index by ForexYard
An upcoming bearish trend is expected as a descending triangle is observed on the 2 Hour charts, this trend is expected to break the near support level which is located at 1.2100 and might be headed to 1.2060. In case the pair will reach the 1.2060 second support level the preferable strategy might be going long.
- USD/CHF watch 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:
Weekly Range-Breakout Barometer - EURUSD: Euro implieds ticked slightly higher in the longer term by FXCM
Global FX Daily - European Edition - Upside risk for USD unless weak numbers are seen by Mellon Foreign Exchange
EUR/USD Daily Technical Forex - EUR/USD Daily Technical Forex by Stoploss.ch
Majors at a Glance
- EUR/USD
- Trades below first resistant level at 1.3615
05/03/2007 09:21 GMT - GBP/USD
- Trades above today's pivot level at 1.9920
05/03/2007 09:21 GMT - USD/CHF
- Trades above first support level at 1.2104
05/03/2007 09:21 GMT - USD/JPY
- Back around opening price level at 120.14
05/03/2007 09:21 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 NONFARM PRODUCTIVITY
| Date (GMT) | Event | Cons. | Previous | |
| May 3 | 12:30 | Nonfarm Productivity | 1.1% | 1.6% |
The Week Ahead - Personal Income, Manufacturing ISM, Productivity, Nonfarm Payroll by BBVA Bancomer
Output per hour eased driven by lower economic expansion in Q107. We expect productivity growth to stand at 0.8% from 1.5% in Q406. This is equivalent to a 0.8% year-over-year increase, which is well below the long-term average of 2-2.5%. Labor compensations could have moderated in Q107.
[ Full Story ]Top Market Movers Review
EMU PRODUCER PRICE INDEX
| Date (GMT) | Event | Actual | Cons. | Previous | |
| May 3 | 09:00 | Producer Price Index (MoM) | 0.3% | 0.3% | 0.3% |
Euro zone March PPI up 0.3 pct vs Feb, up 2.7 pct yr-on-yr (AFX News)
Euro zone producer prices rose 0.3 pct in March from February, and were up 2.7 pct year-on-year, EU statistics office Eurostat said. Economists polled by Thomson Financial News had forecast a monthly rise of 0.3 pct and a year-on-year increase of 2.8 pct.
[ Full Story ]- Read the Industrial producer prices up by 0.3% in both euro area and EU27 at Eurostat
- Euro Zone Factory Prices grow 0.3% in March (FXstreet.com)
- DATA SNAP: Euro-Zone Factory-Gate Prices Rise At Steady Pace (Dow Jones)
UK PMI - SERVICES INDEX
| Date (GMT) | Event | Actual | Cons. | Previous | |
| May 3 | 08:30 | PMI - Services Index | 57.2 | 57.6 | 57.6 |
UK CIPS April services PMI 57.2, down from 57.6 in March - sources (AFX News)
The UK's services sector, which accounts for nearly three quarters of the whole economy, continued to expand at a brisk pace during April despite a modest decline in the rate of growth, sources said of a key survey. They said the April business activity purchasing managers' index from the Chartered Institute of Purchasing and Supply dipped to a seven month low of 57.2 from 57.6 in March.
[ Full Story ]- The Chartered Institute of Purchasing & Supply homepage
- MARKET COMMENT: London Stocks Slide Post UK PMI (Dow Jones)
- UK April Services PMI 57.2 Vs 57.6 In March - Sources (Dow Jones)
- UK Services PMI eases in April (FXstreet.com)
Economic Events
| Date (GMT) | Country | Event | Actual | Cons. | Previous | |
| May 3 | 05:45 | CH | Consumer Price Index (MoM) (Apr) | 1.1% | 0.9% | 0.1% |
| 05:45 | CH | Consumer Price Index (YoY) (Apr) | 0.5% | 0.2% | 0.2% | |
| 08:30 | UK | PMI - Services Index | 57.2 | 57.6 | 57.6 | |
| 09:00 | EMU | Producer Price Index (MoM) (Mar) | 0.3% | 0.3% | 0.3% | |
| 12:30 | US | Initial Jobless Claims (Apr 28) | 321K | |||
| 12:30 | US | Nonfarm Productivity (1Q)  | 1.1% | 1.6% | ||
| 14:00 | US | ISM Non-Manufacturing | 53.2 | 52.4 | ||
| May 4 | 01:30 | AU | RBA Monetary Policy Statement | 1 | ||
| 01:30 | AU | Trade Balance (Mar) | -1000 | -838M | ||
| 12:30 | US | Nonfarm Payrolls (Apr) | 100K | 180K | ||