Friday, Jun 01, 10:59 GMT
U.S. Trading Newsletter
To Get Started
- Forex Trader of the Year 2007 Contest Offering $500,000 prizes
- SPECIAL EVENT: Trade Non-Farm Payrolls LIVE with Wayne McDonell
- The Signals Tracker: track down the performance of a particular signal provider
- Check out all our Delivery Options
- Visit the rest of our newsletters and subscribe now!
Send us your feedback. Post your comments about the new newsletters' format in the Forum.
Live Sessions Schedule
What moves currencies?
Expert: Tony Juste
Start: Mon, Jun 4, 10:00 GMT
Sponsored by: 
Type of Session: Webinar
Weekly Webinar: 1st on Forex - The Week Ahead
Expert: Jerry Furst
Start: Mon, Jun 4, 11:00 GMT
Sponsored by: 
Type of Session: Webinar
| Sponsored By: | ||||
| Fri, Jun 1, 12:00 GMT | SPECIAL EVENT: Trade Non-Farm Payrolls LIVE | Wayne McDonell | WBN |  |
| Mon, Jun 4, 10:00 GMT | What moves currencies? | Tony Juste | WBN | |
| Mon, Jun 4, 11:00 GMT | Weekly Webinar: 1st on Forex - The Week Ahead | Jerry Furst | WBN | |
| Mon, Jun 4, 12:00 GMT | US Pre-Market Open  | Ed Ponsi | WBN |  |
| Mon, Jun 4, 13:20 GMT | US Session Open | Ed Ponsi | WBN | |
Current Session: Europe - U.S.
USD/JPY
Forex Daily Analysis - Greenback on the move on the brink of vital news reports by ForexYard
On the daily chart we can see a bullish channel which began two months ago and there is still room to maintain this progress. The 2 H implies an upcoming reversal trend if the high Bollinger band will be breached. In this case, going short might be the preferable strategy today.
- Looking for the Trader of the Year 2007: Take part in the 1st FXstreet.com Trading Contest
- Read the latest market comments by Tony Juste
- The Signals Tracker: track down the performance of a particular signals provider
- 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
Other Topics for this Session:
Forex Trading Strategies - US payrolls sets the stage at 12:30 GMT ISM figures to follow by Saxo Bank
Global FX Daily - U.S. Edition - CHF and JPY weaker by Mellon Foreign Exchange
Currency Open positions - GBP/USD: The cable has been one of the strongest currencies against the dollar by Odom & Frey Futures & Options
Majors at a Glance
- EUR/USD
- Moving down below pivot level 1.3450
06/01/2007 07:14 GMT - GBP/USD
- Moves down below pivot level 1.9783
06/01/2007 07:14 GMT - USD/CHF
- Moves up above first resistant 1.2271
06/01/2007 07:14 GMT - USD/JPY
- Continues to move up toward first resistant level 121.98
06/01/2007 07:14 GMT
Analyst Sentiment Index (ASI)
Analysts Sentiment Index - EUR/USD
**Source : CMS Forex, Danske Bank A/S, Finotec Group Inc., FXstreet.com, Global Forex Trading Ltd. , Mizuho Corporate Bank
[ View ASI page ] [ View EUR/USD page ]
Charting the Market Movers
EUR USD, Hourly
GBP USD, Hourly
Top Market Movers Preview
US NONFARM PAYROLLS
| Date (GMT) | Event | Cons. | Previous | |
| Jun 1 | 12:30 | Nonfarm Payrolls | 140 | 88K |
May US payrolls report to disappoint (31 May) by KBC Bank
US Payrolls are expected to have rebounded sharply in May setting the stage for an economic improvement in H2, but the rise in payrolls might disappoint, temporarily tempering economic optimism.
[ Full Story ]Top Market Movers Review
EMU GROSS DOMESTIC PRODUCT S.A.
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Jun 1 | 09:00 | Gross Domestic Product s.a. (QoQ) | 0.6% | 0.6% | 0.6% |
Euro Zone GDP growth meets expectations in the first quarter (FXstreet.com)
Gross Domestic Product has grown 0.6% in the first three months of the year from the previous quarter, according to the latest report released by Eurostat, the Statistical Office of the European Communities. The quarterly growth meets the forecasts. On the year, GDP has grown 3.0% an inch below the expectations of a 3.1% increase.
[ Full Story ]- Read the report: Euro area and EU27 GDP up by 0.6% at Eurostat
- Euro zone Q1 GDP up 0.6 pct from Q4, unchanged vs provisional (AFX News)
- EU Gross Domestic Product unrevised at 0.6% in the first quarter; 3.0% up on the year (FXstreet.com)
UK PMI MANUFACTURING INDEX
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Jun 1 | 08:30 | PMI Manufacturing Index | 54.9 | 53.7 | 54.1 |
UK May manufacturing PMI rises to 54.9 from April's revised 54.1 - sources (AFX News)
The UK manufacturing sector saw its growth unexpectedly increase in May as price pressures appeared to mount, sources said of a key survey. They said the purchasing managers' index on UK manufacturing activity from the Chartered Institute of Purchasing and Supply rose to 54.9 in May from April's upwardly revised 54.1.
[ Full Story ]- NTC Economics homepage
- UK May Mfg PMI 54.9 Vs 54.1 In April - Sources (Dow Jones)
- UK PMI increases in May against expectations (FXstreet.com)
EMU PURCHASING MANAGERS INDEX, MANUFACTURING
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Jun 1 | 08:00 | Purchasing Managers Index, Manufacturing | 55.0 | 55.5 | 55.4 |
Euro-Zone May Mfg PMI 55.0 Vs 55.4 In April - Sources (Dow Jones)
The purchasing managers index for the euro-zone manufacturing sector fell to 55.0 in May from 55.4 in April, market sources said Friday. A level above 50 signals an expansion in manufacturing, while a level below 50 signals a contraction. Economists surveyed by Dow Jones Newswires last week forecast the measure would fall to 55.3.
[ Full Story ]- NTC Economics homepage
- UPDATE: Euro-Zone May Mfg PMI 55.0 Vs 55.4 In Apr (Dow Jones)
- Euro zone May manufacturing PMI falls to 15-month low of 55.0 - sources (AFX News)
- Euro Zone PMI edges down in May (FXstreet.com)
Economic Events
| Date (GMT) | Country | Event | Actual | Cons. | Previous | |
| Jun 1 | 08:00 | EMU | Purchasing Managers Index, Manufacturing (May) | 55.0 | 55.5 | 55.4 |
| 08:30 | UK | PMI Manufacturing Index (May) | 54.9 | 53.7 | 54.1 |
|
| 09:00 | EMU | Gross Domestic Product s.a. (QoQ) (1Q)  | 0.6% | 0.6% | 0.6% | |
| 09:00 | EMU | Unemployment Rate (Apr) | 7.1% | 7.1% | 7.2% | |
| 12:30 | US | Average Hourly Earnings (MoM) (May) | $0.3 | $0.2 | ||
| 12:30 | US | Average Hourly Earnings (YoY) (Apr) | 3.7% | |||
| 12:30 | US | Average Weekly Hours (May) | 33.8 | 33.8 | ||
| 12:30 | US | Core Personal Consumption Expenditure (MoM) (Apr) | 0.2% | 0% | ||
| 12:30 | US | Core Personal Consumption Expenditure (YoY) (Apr) | 2.0% | 2.1% | ||
| 12:30 | US | Nonfarm Payrolls (May) | 140 | 88K | ||