Thursday, May 01, 11:05 GMT
U.S. Trading Newsletter
To Get Started
- Webinar Videos: Common Break-Out Strategies by Adam Rosen
- Tradable Rates: Bid and Ask real−time prices
- FX Services: Day trading resources
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
Trend Trading − One Strategy, Any Time Frame
Expert: Sam Seiden
Start: Thu, May 1, 14:00 GMT
Type of Session: Webinar
How to Get Started Trading Forex
Expert: Steve Primo
Start: Thu, May 1, 15:00 GMT
Type of Session: Webinar
| Sponsored by | ||||
| Thu, May 1, 11:00 GMT | FX Instructor Live Trading Room  | Mark De La Paz | WBN |  |
| Thu, May 1, 14:00 GMT | Trend Trading − One Strategy, Any Time Frame | Sam Seiden | WBN |  |
| Thu, May 1, 15:00 GMT | How to Get Started Trading Forex | Steve Primo | WBN | |
| Thu, May 1, 16:00 GMT | The Day Trading Coach − Tips, Tricks and Strategies for Day Traders | Markus Heitkoetter | WBN | |
Current Session: Europe − U.S.
EUR/USD
Daily Forex Technical Report − Euro Pressing Pre FOMC Level as Weakness Resumes by ActionForex.com
Outlook in EUR/USD remains unchanged as the recovery from 1.5516 was limited below mentioned 1.5664 minor resistance and weakens sharply again in early European session. While EUR/USD is losing some intraday downside momentum, bias remains mildly on the downside as long as 1.5664 minor resistance holds.
- Weekly Technical Briefing by Dan Blystone, Founder TradersLog.com
- Check out how pairs moved: Live Currency Rates & Charts
- Follow up the most relevant Economic Data in the new Real Time Economic Calendar
Other Topics for this Session:
Daily FX Report − Federal Reserve cut interest by 25 basis points by Varengold Wertpapierhandelsbank AG
Currency Performance
Action Bias Summary Table − Action Bias Summary Table by ActionForex.com
Majors at a Glance
- EUR/USD
- Drops below pivot level 1.5593
05/01/2008 10:29 GMT - GBP/USD
- Trades around opening price level 1.9868 , above pivot level 1.9795
05/01/2008 10:29 GMT - USD/CHF
- Moves up above opening price level 1.0346 , below pivot level 1.0371
05/01/2008 10:29 GMT - USD/JPY
- Back around opening price level 103.93 , below pivot level 104.16
05/01/2008 10:29 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 PERSONAL INCOME
| Date (GMT) | Event | Cons. | Previous | |
| May 1 | 12:30 | Personal Spending | 0.2 | 0.1 |
| May 1 | 12:30 | Core Personal Consumption Expenditure − Prices Index (MoM) | 0.1% | 0.1% |
| May 1 | 12:30 | Personal Income (MoM) | 0.4% | 0.5% |
| May 1 | 12:30 | Core Personal Consumption Expenditure − Prices Index (YoY) | 2% | 2% |
Friday Notes - ECB rate cuts – merely postponed! by HVB Group
Hours worked was up a little in March, while average earnings continued to go up at a moderate pace. Spending was up somewhat in nominal terms, but was likely down in real terms during the month.
[ Full Story ]- Ahead of the Bell: Income and Spending (Thomson Financial News)
Top Market Movers Review
UK PMI MANUFACTURING
| Date (GMT) | Event | Actual | Cons. | Previous | |
| May 1 | 08:30 | PMI Manufacturing | 51.0 | 50.8 | 51.3 |
UK Manufacturing PMI eases in April (FXstreet.com)
Manufacturing sector's activity in the United Kingdom has eased slightly in April although it remains safely into expansion levels, according to the latest Purchasing Manager's Index.
[ Full Story ]- CIPS Homepage
- UK CIPS April manufacturing PMI dips again as prices continue to soar UPDATE (Thomson Financial News)
- UK CIPS April manufacturing PMI dips again as prices continue to soar (Thomson Financial News)
- United Kingdom PMI Manufacturing eases to 51 in Apr vs 51.3 in Mar (FXstreet.com)
Friday Notes - ECB rate cuts – merely postponed! by HVB Group
Economic Events
| Date (GMT) | Country | Event | Actual | Cons. | Previous | |
| Apr 30 | 23:30 | AU | Manufacturing PMI (Apr) | 52.7 | 52.7 |
|
| May 1 | 01:30 | AU | Building Permits (MoM) (Mar) | -5.7% | -0.5% | -0.8% |
| 01:30 | AU | Building Permits (YoY) (Mar) | -0.7% | -1.6% | ||
| 01:30 | JP | Labor Cash Earnings (YoY) (Mar) | 1.2% | 1.2% | 1.5% | |
| 05:00 | JP | Vehicle Sales (YoY) (Apr) | 6.9% | -3.3% | ||
| 08:30 | UK | PMI Manufacturing (Apr) | 51.0 | 50.8 | 51.3 | |
| 12:30 | US | Continuing Jobless Claims (Apr 19) | 2934K | |||
| 12:30 | US | Core Personal Consumption Expenditure − Prices Index (MoM) (Mar) | 0.1% | 0.1% | ||
| 12:30 | US | Core Personal Consumption Expenditure − Prices Index (YoY) (Mar) | 2% | 2% | ||
| 12:30 | US | Initial Jobless Claims (Apr 26) | 360K | 342K | ||