Wednesday, Apr 30, 11:17 GMT
U.S. Trading Newsletter
To Get Started
- Webinar Videos: MONTHLY WEBINAR: Conversations with a Pro Trader - Part I and Part II by Andrei Pehar
- FOREX Video: News Trade Alert by Wayne McDonell
- Central Banks − Fed: Preview of Apr 30 Meeting by FXstreet.com
Note that our messages might be blocked by anti-spam filters so please add newsletter@fxstreet.com or our domain (fxstreet.com) to your address book.
Live Sessions Schedule
Forex with Ed Ponsi
Expert: Ed Ponsi
Start: Wed, Apr 30, 13:30 GMT
Type of Session: Webinar
Live Coverage of FOMC US Interest Rate Announcement
Expert: Jerry Furst
Start: Wed, Apr 30, 17:30 GMT
Sponsored by: 
Type of Session: Webinar
| Sponsored by | ||||
| Wed, Apr 30, 11:30 GMT | Watch Live Coverage of the US GDP | Jerry Furst | WBN | |
| Wed, Apr 30, 13:30 GMT | Forex with Ed Ponsi  | Ed Ponsi | WBN |  |
| Wed, Apr 30, 15:00 GMT | Institutional Trading Strategies | Andrei Pehar | WBN | |
| Wed, Apr 30, 17:30 GMT | Live Coverage of FOMC US Interest Rate Announcement | Jerry Furst | WBN | |
Current Session: Europe − U.S.
EUR/JPY
Daily Trading Forecast − A Slow Day in FX Markets as Traders Await the Fed's Decision Tonight by Swiss e Trade AG
The EUR / JPY recovered from its low at 161.14 made yesterday and is currently trading at 161.88. Minor resistance is seen at 162.10 and we feel that this level will hold and the EUR / JPY should trend lower to the handle at 161.00. For bold traders, we recommend a short position around the 162.00 level for a target of 161.10, with a stop at 162.55. See chart below.
- Using Fibonacci levels to project price targets and timing by John Jagerson, Founder Profiting With Forex
- Check out how pairs moved: Live Currency Rates & Charts
- Follow up the most relevant Economic Data in the new Real Time Economic Calendar
Currency Performance
Action Bias Summary Table − Action Bias Summary Table by ActionForex.com
FX Analysts' Comments
EUR/USD Update: Daily Breakdown? by Rob Booker, Currency trader
Majors at a Glance
- EUR/USD
- Moves up above pivot level 1.5591
04/30/2008 10:05 GMT - GBP/USD
- Moves down towards first support level 1.9602
04/30/2008 10:05 GMT - USD/CHF
- Moves down towards first support level 1.0326
04/30/2008 10:05 GMT - USD/JPY
- Moves down below pivot level 103.86
04/30/2008 10:05 GMT
Analyst Sentiment Index (ASI)
Analysts Sentiment Index - EUR/USD
**Source : ActionForex.com, CMS Forex, Danske Bank A/S, FXstreet.com, Global Forex Trading, 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 GROSS DOMESTIC PRODUCT ANNUALIZED
| Date (GMT) | Event | Cons. | Previous | |
| Apr 30 | 12:30 | Gross Domestic Product Annualized | 0.4% | 0.6% |
Daily Forex Technical Report − Watch Eurozone HICP, US GDP & ADP before FOMC by ActionForex.com
From US, Q1 GDP will provide the first round of volatility in the US session. Annualized growth rate is expected to slow further from 0.6% to 0.4%, with significant slow down in personal consumption from 2.3% to 0.6%. ADP employment, which serves as preview to Non−Farm Payroll, is expected to show −60k contraction in the private job market in Apr. CHicago PMI is expected to drop from 48.2 to 48.0.
[ Full Story ]- Webinar: Watch Live Coverage of the US GDP with Jerry Furst
- Ahead of the Bell: Slight 1Q economic growth expected (Thomson Financial News)
US economic indicators - Consumer confidence is likely to have declined noticeably again in April by BHF−Bank
Top Market Movers Review
EMU ECONOMIC CONFIDENCE
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Apr 30 | 09:00 | Economic Confidence | 97.1 | 98.9 | 99.6 |
| Apr 30 | 09:00 | Consumer Confidence | -12 | -13 | -12 |
DATA SNAP: Euro−Zone Business Confidence Weakened In April (Dow Jones)
Businesses in the 15 countries that use the euro became more pessimistic about their prospects in April, with confidence among providers of financial services falling to a fresh record low.
[ Full Story ]- European Comission homepage
- Euro Zone's business confidence worsened in April; consumer sentiment, flat (FXstreet.com)
- Euro zone April economic sentiment indicator 97.1 vs 99.6 in March (Thomson Financial News)
- EU Apr Economic Confidence declines to 97.1 vs 99.6 in Mar (FXstreet.com)
Germany UNEMPLOYMENT CHANGE
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Apr 30 | 07:55 | Unemployment Rate s.a. | 7.9% | 7.8% | 7.9% |
| Apr 30 | 07:55 | Unemployment Change | -7K | -30K | -48K |
DATA SNAP: German Apr Seasonally Adj Jobless −7K Vs −48K Mar (Dow Jones)
German unemployment declined less than expected in April as a result of rather mild weather in the first quarter, which led companies to hire outdoor workers earlier than in previous years, data from the country's labor office showed Tuesday.
[ Full Story ]- Bundesagentur für Arbeit homepage
- CORRECT: German April Jobless Data Out Wed, Not Tuesday (Dow Jones)
- German April unadjusted jobless 3.414 million, down 94,000 from March UPDATE (Thomson Financial News)
- German April unadjusted jobless 3.414 million, down 94,000 from March UPDATE (Thomson Financial News)
Economic Events
| Date (GMT) | Country | Event | Actual | Cons. | Previous | |
| Apr 30 | 09:00 | EMU | Consumer Confidence (Apr) | -12 | -13 | -12 |
| 09:00 | EMU | Consumer Price Index (YoY) (Apr)  | 3.3% | 3.4% | 3.5% | |
| 09:00 | EMU | Unemployment Rate (Mar) | 7.1% | 7.1% | 7.1% | |
| 09:30 | EMU | ECB Trichet's Speech | ||||
| 09:30 | CH | KOF Leading Indicator (Apr) | 1.20 | 1.46 | 1.40 |
|
| 11:00 | US | MBA Mortgage Applications (Apr) | -11.1% | -14.2% | ||
| 12:15 | US | ADP Employment Change (Apr) | -60K | 8K | ||
| 12:30 | CA | Gross Domestic Product (MoM) (Feb) | 0.2% | 0.6% | ||
| 12:30 | CA | Gross Domestic Product (YoY) (Feb) | 2.2% | |||
| 12:30 | US | Gross Domestic Product Annualized (1Q) | 0.4% | 0.6% | ||