Wednesday, May 09, 11:43 GMT
U.S. Trading Newsletter
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Live Sessions Schedule
Leverage Control and Money Management
Expert: Mihai Marinescu
Start: Wed, May 9, 16:00 GMT
Sponsored by: 
Type of Session: Webinar
Live Coverage of FOMC US Interest Rate Announcement
Expert: Jerry Furst
Start: Wed, May 9, 17:30 GMT
Sponsored by: 
Type of Session: Webinar
| Sponsored By: | ||||
| Wed, May 9, 16:00 GMT | Leverage Control and Money Management | Mihai Marinescu | WBN | |
| Wed, May 9, 17:00 GMT | 24 hour Outlook  | John Putman | WBN |  |
| Wed, May 9, 17:30 GMT | Live Coverage of FOMC US Interest Rate Announcement | Jerry Furst | WBN | |
| Wed, May 9, 20:00 GMT | 24 hour Outlook | John Putman | WBN | |
| Wed, May 9, 21:00 GMT | FX Daily Wrap Up | Derek Frey | WBN |  |
Current Session: Europe - U.S.
EUR/USD
Global FX Daily - U.S. Edition - Australian employment data due this evening by Mellon Foreign Exchange
Trading today may be quiet ahead of the FOMC announcement. The key support area on EUR-USD, which should be tested in the next few days, is 1.3460-1.3500. Whether or not this breaks will also depend upon the tone of other key data releases this week, including tomorrow's US trade data and more importantly perhaps Friday's retail sales report. Below 1.3460 would open the way to 1.3340-60.
- The Signals Tracker: track down the performance of a particular signal provider
- Read the latest market comments 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:
Bank Recomendations - Technical FX, Capital Management, SEB by Finotec Group Inc.
Foreing Exchange - EUR: Yesterday's break bellow 1,3525 halts the recent bullish momentum a bit by Avantage Financial GMBH
Daily Technical Analysis - EUR: Likely to suffer a small shake-out with a potential very small ‘head-and-shoulders’ top by Mizuho Corporate Bank
Majors at a Glance
- EUR/USD
- Trades below opening price level at 1.3542 on a tight daily range
05/09/2007 11:34 GMT - GBP/USD
- Moves up above today's pivot level at 1.9911
05/09/2007 11:35 GMT - USD/CHF
- Back around opening price level at 1.2180 , above today's pivot level at 1.2159
05/09/2007 11:36 GMT - USD/JPY
- Moves up above today's pivot level at 119.88
05/09/2007 11:37 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 FED INTEREST RATE DECISION
| Date (GMT) | Event | Cons. | Previous | |
| May 9 | 18:15 | Fed Interest Rate Decision | 5.25% | 5.25% |
Fed Meeting Preview by FXstreet.com
US Government is still worried about inflation, but it's not probable that a rate hike is given on the 9th May's Meeting. The last hike was seen on June '06 when they hiked to the actual 5.25%. Economic growth has slowed down noticeably in the past months but it is not strong enough yet to put pressure on the Fed to cut rates.
- Special Webinar: FOMC US interest rate announcement by Jerry Furst
- THE FED: FOMC Likely To Hold Rates Steady, Limited Changes To Statement (Dow Jones)
FOMC May 9th Meeting by BBVA Bancomer
Top Market Movers Review
UK BRC SHOP PRICE INDEX
| Date (GMT) | Event | Actual | Cons. | Previous | |
| May 9 | 09:30 | BRC Shop Price Index (YoY) | 0.8% | - | 0.7% |
| May 9 | 09:30 | BRC Shop Price Index | 0 | - | 0.5 |
UK April shop prices up 0.8 pct yr-on-yr, up from March's 0.7 pct - BRC (AFX News)
Rising food prices pushed overall shop price inflation in the UK higher in April, the UK's leading retailing lobby group said today. The British Retail Consortium said its shop price index was 0.8 pct higher in April than the year before. That is up on the 0.7 pct recorded in March, even though the monthly inflation rate eased to no change from +0.5 pct.
[ Full Story ]- Read the UK shop price index: April 2007 - Non-food shop price deflation continues at BRC
- Food products push shop inflation higher; BRC (FXstreet.com)
Economic Events
| Date (GMT) | Country | Event | Actual | Cons. | Previous | |
| May 9 | 06:00 | DE | Trade Balance | 18.4B | 15.0 | 14.2B |
| 09:30 | UK | BRC Shop Price Index | 0 | 0.5 | ||
| 09:30 | UK | BRC Shop Price Index (YoY) | 0.8% | 0.7% | ||
| 11:00 | US | MBA Mortgage Applications | 3.6% | 0.6% | ||
| 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 Interest Rate Decision | 5.50% | 5.25% | ||
| 11:45 | EMU | ECB Interest Rate Decision | 3.75% | 3.75% | ||