Friday, May 11, 11:20 GMT
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Live Sessions Schedule
Live Trading with the FX Advisor
Expert: Tony Juste
Start: Fri, May 11, 14:00 GMT
Sponsored by: 
Type of Session: Webinar
Trading with Tim Billups
Expert: Tim Billups
Start: Fri, May 11, 16:00 GMT
Sponsored by:
Type of Session: Webinar
| Sponsored By: | ||||
| Fri, May 11, 12:00 GMT | US Pre-Market Open  | Ed Ponsi | WBN |  |
| Fri, May 11, 13:20 GMT | US Session Open | Ed Ponsi | WBN | |
| Fri, May 11, 14:00 GMT | Live Trading with the FX Advisor | Tony Juste | WBN | |
| Fri, May 11, 16:00 GMT | Trading with Tim Billups | Tim Billups | WBN | |
| Fri, May 11, 17:00 GMT | 24 hour Outlook | John Putman | WBN | |
Current Session: Europe - U.S.
GBP/USD
Bank Recomendations - SEB, UBS by Finotec Group Inc
With the recovery from Friday's $1.9843 low failing to move above last week's $2.0076 high, GBP/USD has taken out critical support at the $1.9823 breakout high from April 3. Penetration there cleared the way for a run at $1.9771, the 0.382 retracement of the $1.9184-2.0134 rise. Secondary support is around $1.9724, a reaction low from April 11.
- The Signals Tracker: track down the performance of a particular signals provider
- GBP/USD 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:
Global FX Daily - U.S. Edition - Today’s US data will be significant for the USD by Mellon Foreign Exchange
Daily Forex Technical Report - Markets Await US Retail Sales and PPI Reports by ActionForex.com
Global FX Daily - European Edition - Corrective pressure remains on EUR-JPY/EUR-USD by Mellon Foreign Exchange
Majors at a Glance
- EUR/USD
- Stays below today's pivot level at 1.3503 with very tight range
05/11/2007 10:37 GMT - GBP/USD
- Trades around 1.9785 , below today's pivot at 1.9842
05/11/2007 10:39 GMT - USD/CHF
- Continues to trade around today's pivot level at 1.2192
05/11/2007 10:37 GMT - USD/JPY
- Back around 119.75 after bounced at first support level 119.63
05/11/2007 10:37 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 RETAIL SALES
| Date (GMT) | Event | Cons. | Previous | |
| May 11 | 12:30 | Retail Sales (MoM) | 0.4% | 0.7% |
US Trading Preview - Traders will shift their focus to US retail sales reports by Forexnews.com
Traders will shift their focus to US retail sales reports, which are forecasted to drop to 0.4% for both the headline figure, as well as the excluding-autos number. The producer price index for April is forecasted to slip to 0.6%, easing from 1.0% a month earlier.
[ Full Story ]US PRODUCER PRICE INDEX
| Date (GMT) | Event | Cons. | Previous | |
| May 11 | 12:30 | Producer Price Index (MoM) | 0.6% | 1.0% |
| May 11 | 12:30 | Producer Price Index (YoY) | 3.1% | 3.2% |
Friday Notes - The oil price just keeps on rising by HVB Group
In addition to the big increase in energy prices, industrial commodity prices also moved higher in April. While most of the effect will be on crude and intermediate materials, some will show up in both headline and core PPI.
[ Full Story ]Top Market Movers Review
Canada NET CHANGE IN EMPLOYMENT
| Date (GMT) | Event | Actual | Cons. | Previous | |
| May 11 | 11:00 | Net Change in Employment | -5.2K | 18.0K | 54.9K |
Canadian employment disappoints expectations (FXstreet.com)
The Canadian Net Change in Employment shows a loss of 5.200 jobs in April, against the expectations of a 18.000 gain, according to the latest data from StatsCan. The unemployment rate, nevertheless, remains at a 6.1% historical low. Since the start of the year, the service sector has added an estimated 182,000 workers (+1.4%), an increase offset by the employment loss in the Manufacturing sector, where employment has fallen 0.7% so far in the year.
[ Full Story ]- Read the Labour Force Survey release at Statistics Canada
Economic Events
| Date (GMT) | Country | Event | Actual | Cons. | Previous | |
| May 11 | 11:00 | CA | Net Change in Employment (Apr) | -5.2K | 18.0K | 54.9K |
| 12:30 | US | Producer Price Index (MoM) (Apr) | 0.6% | 1.0% | ||
| 12:30 | US | Producer Price Index (YoY) (Apr) | 3.1% | 3.2% | ||
| 12:30 | US | Producer Price Index ex Food & Energy (MoM) (Apr) | 0.2% | 0% | ||
| 12:30 | US | Producer Price Index ex Food & Energy (YoY) (Apr) | 1.8% | 1.7% | ||
| 12:30 | US | Retail Sales (MoM) (Apr) | 0.4% | 0.7% | ||
| 14:00 | US | Business Inventories (Mar) | 0.2% | 0.3% | ||
| May 15 | 12:30 | US | Consumer Price Index (MoM) (Apr) | 0.5% | 0.6% | |
| May 16 | 12:30 | US | Housing Starts (YoY) (Apr) | 1.475M | 1.518M | |
| 13:15 | US | Capacity Utilization (Apr) | 81.4% | 81.4% | ||