Thursday, May 10, 11:37 GMT
U.S. Trading Newsletter
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Live Sessions Schedule
Raghee Horner's Four Step Trading: Forex - Free-Access Day
Expert: Raghee Horner
Start: Thu, May 10, 13:00 GMT
Sponsored by: 
Type of Session: Webinar
Best times to Trade - Free-Access Day
Expert: Sunil Mangwani
Start: Thu, May 10, 14:00 GMT
Sponsored by: 
Type of Session: Webinar
| Sponsored By: | ||||
| Thu, May 10, 12:00 GMT | US Pre-Market Open - Free-Access Day | Ed Ponsi | WBN | |
| Thu, May 10, 13:00 GMT | Raghee Horner's Four Step Trading: Forex - Free-Access Day | Raghee Horner | WBN | |
| Thu, May 10, 13:30 GMT | Technical Analysis Q&A - Free-Access Day | Tony Juste | WBN |  |
| Thu, May 10, 14:00 GMT | Best times to Trade - Free-Access Day | Sunil Mangwani | WBN | |
| Thu, May 10, 15:00 GMT | Candle sticks - Free-Access Day | Valeria Bednarik | WBN | |
Current Session: Europe - U.S.
GBP/USD
Forex Daily Analysis - Traders holding breath for ECB President Trichet Speech, UK & EURO zone Interest decisions. by ForexYard
On the daily chart a channel with a negative divergence between 1.9863 - 2.0135 may imply an upcoming bullish trend. In other words, the pattern, called "Broadening Bottom", may be the determining factor in the general trend of the pair. RSI and Slow Stochastic are neutral however expected to gather some new forces while will motivate the upcoming bullish trend.
- The Signals Tracker: track down the performance of a particular signals 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:
Daily Trade Analysis - EURUSD looking to take some retrace by AMZ Capital
EUR/USD Daily Technical Forex - EUR/USD Daily Technical Forex by Stoploss.ch
FX Advisor's Blog - UK data by FXstreet.com
Majors at a Glance
- EUR/USD
- Drops below today's pivot at 1.3536 after hit yesterday high at 1.3565
05/10/2007 09:55 GMT - GBP/USD
- Drops below first support level at 1.9879
05/10/2007 09:55 GMT - USD/CHF
- Moves up above today's pivot at 1.2173 on a narrow daily range
05/10/2007 09:55 GMT - USD/JPY
- Moves up toward second resistant level at 120.45
05/10/2007 09:55 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
EMU ECB INTEREST RATE DECISION
| Date (GMT) | Event | Cons. | Previous | |
| May 10 | 11:45 | ECB Interest Rate Decision | 3.75% | 3.75% |
ECB: Preview of meeting May 10 by Danske Bank A/S
While it is expected that the ECB will leave rates on hold this month, it is also widely believed that Trichet will signal a rate hike at the June meeting. Aside from this signal we expect a broadly unchanged, and hawkish, statement. It is unlikely we will become much wiser on ECB policy during H2 07, as Trichet will leave all opportunities open.
[ Full Story ]Top Market Movers Review
UK BOE INTEREST RATE DECISION
| Date (GMT) | Event | Actual | Cons. | Previous | |
| May 10 | 11:00 | BOE Interest Rate Decision | 5.50% | 5.50% | 5.25% |
BOE hikes rates to 5.5% (FXstreet.com)
The Bank of England has decided to rise its Official Bank Rate by 0.25% points to 5.5% after their monthly Monetary Policy Meeting. Output growth has remained firm in the UK, with business investment stronger than expected, although consumer spending indicators have been volatile, the Central Bannk affirms that the underlying picture is one of steady growth.
[ Full Story ]- BoE homepage
- Forex Forum: The Central Banks Week
- BoE rate hike will have dampening effect on housing market - BSA (AFX News)
- BoE says outlook for inflation remains 'tilted to the upside' in medium-term (AFX News)
- BoE lifts key repo rate a quarter point to six-year high of 5.50 pct (AFX News)
Wakeup Call on Forex Markets - Will the BoE hike 50 bps. on Thursday? by Saxo Bank
Central Bank Speak - BoE, BoJ, SNB by FXCM
UK Interest Rates to Rise to 5.50% on May 10th, What's Next? by Marketoracle.co.uk
UK INDUSTRIAL PRODUCTION
| Date (GMT) | Event | Actual | Cons. | Previous | |
| May 10 | 08:30 | Industrial Production (YoY) | -0.2% | - | 0.3% |
| May 10 | 08:30 | Industrial Production (MoM) | 0.3% | 0.3% | -0.3% |
DATA SNAP: UK Mfg, Indus Output Rebound In March (Dow Jones)
U.K. manufacturing output rebounded in March on broad-based increases across the sector, in particular in the machinery and equipment industries, data released Thursday showed.
[ Full Story ]- Read the Index of Production at National Statistics
- UK Industrial Production Table of Data For March (Dow Jones)
- DATA SNAP: UK Mfg, Indus Output Rebound In March -3- (Dow Jones)
- DATA SNAP: UK Mfg, Indus Output Rebound In March -2- (Dow Jones)
Economic Events
| Date (GMT) | Country | Event | Actual | Cons. | Previous | |
| May 10 | 08:30 | UK | Industrial Production (MoM) (Mar) | 0.3% | 0.3% | -0.3% |
| 08:30 | UK | Industrial Production (YoY) (Mar) | -0.2% | 0.3% | ||
| 08:30 | UK | Trade Balance | -7.1B | -6.7B | -7.0B |
|
| 11:00 | UK | BOE Interest Rate Decision | 5.50% | 5.50% | 5.25% | |
| 11:45 | EMU | ECB Interest Rate Decision | 3.75% | 3.75% | ||
| 12:30 | US | Initial Jobless Claims (May 5) | 305K | |||
| 12:30 | US | Trade Balance (Mar) | -$60.00B | -$58.44B | ||
| 12:30 | EMU | Trichet Speaks at ECB Monthly News Conference | ||||
| May 11 | 11:00 | CA | Net Change in Employment (Apr) | 18.0K | 54.9K | |
| 12:30 | US | Producer Price Index (MoM) (Apr) | 0.6% | 1.0% | ||