Tuesday, May 08, 11:31 GMT
U.S. Trading Newsletter
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Live Sessions Schedule
Raghee Horner's Four Step Trading: Forex
Expert: Raghee Horner
Start: Tue, May 8, 13:00 GMT
Sponsored by: 
Type of Session: Webinar
An Introduction to Trading FX Binary Options
Expert: Peter A. Rosenstreich
Start: Tue, May 8, 15:00 GMT
Sponsored by:
Type of Session: Webinar
| Sponsored By: | ||||
| Tue, May 8, 12:00 GMT | US Pre-Market Open  | Ed Ponsi | WBN | |
| Tue, May 8, 13:00 GMT | Raghee Horner's Four Step Trading: Forex | Raghee Horner | WBN | |
| Tue, May 8, 15:00 GMT | An Introduction to Trading FX Binary Options | Peter A. Rosenstreich | WBN | |
| Tue, May 8, 17:00 GMT | 24 hour Outlook | John Putman | WBN |  |
| Tue, May 8, 20:00 GMT | 24 hour Outlook | John Putman | WBN | |
Current Session: Europe - U.S.
EUR/JPY
KBC Technical Analysis Forex - EUR/JPY: (163.15) New Long Term high: testing channel bottom off 152.67 by KBC Bank
New long term high but currently testing the channel bottom off 152.67, with same pattern on daily broken (bottom at 164.36 today). 1st Resistance area at 163.42 (yesterday high), with next levels at 163.60/ .63 (new LT high/ daily envelope top): suspect tough on 1st tests.
- 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:
Overnight Briefing: Far East Timezone - The dollar was little changed against major currencies by Jyske Bank
Daily Technical Analysis - The US dollar is no longer overbought against the Yen and implied volatility has collapsed by Mizuho Corporate Bank
Global FX Daily - European Edition - AUD helped by strong retail sales number by Mellon Foreign Exchange
Majors at a Glance
- EUR/USD
- Continues to drop below third support level at 1.3549
05/08/2007 10:58 GMT - GBP/USD
- Moves down toward first support level at 1.9910
05/08/2007 10:58 GMT - USD/CHF
- Continues to move up above third resistant level at 1.2160
05/08/2007 10:58 GMT - USD/JPY
- Floating around first support level at 119.84
05/08/2007 10:58 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 WHOLESALE INVENTORIES
| Date (GMT) | Event | Cons. | Previous | |
| May 8 | 14:00 | Wholesale Inventories | 0.5% | 0.5% |
Weekly Market Commentary - A holiday-thin week by Mizuho Corporate Bank
Tuesday German March Industrial Production and US Wholesale Inventories while EU finance ministers meet.
[ Full Story ]- Tony Juste, FX Advisor at FXstreet.com: "The impact of the data is largely dependant on what the translations to the retail sales figures might be. In any case, the volatility derived from the outcome of the data should not constitute a base for trading decisions." - FXstreet.com
Forex Weekly Review and Outlook - Central Banks to Dominate by ActionForex.com
Top Market Movers Review
Germany INDUSTRIAL PRODUCTION S.A.
| Date (GMT) | Event | Actual | Cons. | Previous | |
| May 8 | 10:00 | Industrial Production s.a. (MoM) | -0.1% | 0.5% | 0.9% |
DATA SNAP: German March Indus Output -0.1%MM (Dow Jones)
German industrial production fell more than expected in March, dragged down by a decline in construction output, data from the Ministry of Economy showed Tuesday.
[ Full Story ]Economic Events
| Date (GMT) | Country | Event | Actual | Cons. | Previous | |
| May 8 | 01:30 | AU | Retail Sales (MoM) | 1.1% | 0.5% | 0.9% |
| 10:00 | DE | Industrial Production s.a. (MoM) (Mar) | -0.1% | 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% | |
| 08:30 | UK | Industrial Production (YoY) (Mar) | 0.3% | |||
| 09:00 | UK | BOE Rate Decision | 5.25% | 5.25% | ||
| 11:45 | EMU | ECB Interest Rate Decision | 3.75% | 3.75% | ||