Monday, May 07, 11:58 GMT
U.S. Trading Newsletter
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Live Sessions Schedule
US Session Open
Expert: Ed Ponsi
Start: Mon, May 7, 13:20 GMT
Sponsored by: 
Type of Session: Webinar
Trading with Tom Flora
Expert: Tom Flora
Start: Mon, May 7, 16:00 GMT
Sponsored by: 
Type of Session: Webinar
| Sponsored By: | ||||
| Mon, May 7, 11:00 GMT | Weekly Webinar: 1st on Forex - The Week Ahead | Jerry Furst | WBN |  |
| Mon, May 7, 12:00 GMT | US Pre-Market Open  | Ed Ponsi | WBN | |
| Mon, May 7, 13:20 GMT | US Session Open | Ed Ponsi | WBN | |
| Mon, May 7, 16:00 GMT | Trading with Tom Flora | Tom Flora | WBN | |
| Tue, May 8, 09:00 GMT | Outlook for the major currencies this week | Ian Copsey | WBN |  |
Current Session: Europe - U.S.
EUR/USD
European Forex Recap by FX Solutions
Dow Jones Industrial average closed Friday higher by 23.24 points at 13,264-62.
FX rates as at 11.10pm EST GBP/USD 1.9951/56 EUR/USD 1.3606/09 USD/JPY 119.91/94 USD/CHF 1.2097/01 USD/CAD 1.1055/60 AUD/USD 0.8246/50 NZD/USD 0.7372/76
Nikkei 225 closed Monday higher by 274.91 points at 17,669-83 (2.00am EST)
UK markets closed for the early Spring Bank Holiday today
German Manufacturing Orders for March were +2.4% m/m from +4.3% in February, a lot better than market expectations (6.00am EST)
- The Signals Tracker: track down the performance of a particular signal provider
- Have a look at the Advisor's Blog 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:
Forex Commentaries and Forecasts - Today’s forecast for EURUSD by World Signals
Weekly Forex Signals - The Yen hit a fresh record high in EUR/JPY by Finotec Group Inc.
FOMC May 9th Meeting by BBVA Bancomer
Majors at a Glance
- EUR/USD
- Moving up toward first resistant level at 1.3622
05/07/2007 10:09 GMT - GBP/USD
- Continues to trade above first resistant level at 1.9959
05/07/2007 10:10 GMT - USD/CHF
- Continues to trade around first support level at 1.2087
05/07/2007 10:09 GMT - USD/JPY
- Trades around first support level at 119.89
05/07/2007 10:10 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 CREDIT
| Date (GMT) | Event | Cons. | Previous | |
| May 7 | 19:00 | Consumer Credit | $5B | $3B |
U.S Market Update - Treasury Market Preview by Trade The News
There is only one economic number on the US calendar today, March consumer credit, which is expected to rise to $4.0B from $3.0B in February; consumer credit is due out at 15:00 ET.
[ Full Story ]- Tony Juste, FX Advisor at FXstreet.com: "Whether the domestic demand is still releatively strong in the US or not will be seen by the consumer credit figures, which should point out at whether the subprime fall-out was just a temporary issue or not." - FXstreet.com
Top Market Movers Review
Germany FACTORY ORDERS S.A.
| Date (GMT) | Event | Actual | Cons. | Previous | |
| May 7 | 10:00 | Factory Orders s.a. (MoM) | 2.4% | -0.4% | 4.3% |
| May 7 | 10:00 | Factory Orders n.s.a. (YoY) | 9.9% | 11.1% | 9.3% |
DATA SNAP: German Mar Mfg Orders +2.4% MM Vs -0.2% Forecast (Dow Jones)
German manufacturing orders continued to rise in March, exceeding expectations as the number of orders for large ticket items rose strongly, the German Economics Ministry said Monday.
[ Full Story ]Economic Events
| Date (GMT) | Country | Event | Actual | Cons. | Previous | |
| May 7 | 05:00 | JP | BoJ Minutes (Mar) | |||
| 10:00 | DE | Factory Orders n.s.a. (YoY) (Mar) | 9.9% | 11.1% | 9.3% | |
| 10:00 | DE | Factory Orders s.a. (MoM) (Mar) | 2.4% | -0.4% | 4.3% |
|
| 19:00 | US | Consumer Credit (Mar) | $5B | $3B | ||
| May 8 | 10:00 | DE | Industrial Production s.a. (MoM) (Mar) | 0.5% | 0.9% | |
| 14:00 | US | Wholesale Inventories (Mar) | 0.5% | 0.5% | ||
| May 9 | 05:00 | JP | Leading Economic Index (Mar)  | 40.9% | ||
| 18:15 | US | Fed Interest Rate Decision | 5.25% | 5.25% | ||
| 23:50 | JP | Money Supply M2+CD (YoY) (Apr) | 1.1% | 1.1% | ||
| May 10 | 08:30 | UK | Industrial Production (MoM) (Mar) | 0.3% | -0.2% | |