Friday, May 02, 11:03 GMT
U.S. Trading Newsletter
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Live Sessions Schedule
SPECIAL EVENT: Trade Non−Farm Payrolls LIVE − 24th Edition
Expert: Wayne McDonell
Start: Fri, May 2, 11:30 GMT
Sponsored by: 
Type of Session: Webinar
Derek Frey's Outlook
Expert: Derek Frey
Start: Mon, May 5, 14:00 GMT
Sponsored by: 
Type of Session: Webinar
| Sponsored by | ||||
| Fri, May 2, 11:30 GMT | SPECIAL EVENT: Trade Non−Farm Payrolls LIVE − 24th Edition | Wayne McDonell | WBN | |
| Mon, May 5, 14:00 GMT | Derek Frey's Outlook | Derek Frey | WBN | |
| Mon, May 5, 15:00 GMT | Advanced Methods for Finding Dominant Trends in Forex Markets  | Steve Primo | WBN |  |
| Mon, May 5, 16:00 GMT | Weekly Webinar: 1st on Forex − The Week Ahead | Jerry Furst | WBN |  |
Current Session: Europe − U.S.
GBP/USD
Currency Technical Report − The pair continues to show high volatility by FXGreece
The pair continues to show high volatility between the ranges of the sideway consolidation.
Strong resistance is found at the formation ranges, in the area of 1.9930−50 and 1.9650−70, and interim support and resistance occurs in the area of 1.9700 and 1.9830 accordingly…
- 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 Forex News − Payrolls expected to decline for the fourth straight month by ACM − Advanced Currency Markets
Currency Performance
Action Bias Summary Table − Action Bias Summary Table by ActionForex.com
Majors at a Glance
- EUR/USD
- Trades around opening price level 1.5473 , below pivot level 1.5515
05/02/2008 09:36 GMT - GBP/USD
- Trades below pivot level 1.9789
05/02/2008 09:36 GMT - USD/CHF
- Trades around opening price level 1.0481 , above pivot level 1.0442
05/02/2008 09:36 GMT - USD/JPY
- Moves up above first resistant level 104.84
05/02/2008 09:36 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 NONFARM PAYROLLS
| Date (GMT) | Event | Cons. | Previous | |
| May 2 | 12:30 | Unemployment Rate | 5.2% | 5.1% |
| May 2 | 12:30 | Average Weekly Hours | 33.7 | 33.8 |
| May 2 | 12:30 | Average Hourly Earnings (MoM) | 0.3% | 0.3% |
| May 2 | 12:30 | Average Hourly Earnings (YoY) | 3.6% | 3.6% |
| May 2 | 12:30 | Nonfarm Payrolls | -78 | -80K |
Weekly Market View - Keep your eyes open for the Fed interest rate decision and the big Non−Farm Payrolls by FXstreet.com
In the US, the Unemployment Rate ( Previous 5.1% ) , Non−Farm Payrolls (NFP, Previous −80K ), the Average Hourly Earnings ( Previous 0.3% ) and the Average Weekly Earning are the events to watch, especially the "Non−Farm payrolls (NFP)", which is expected to have a big impact on the USD against the other Majors.All of the events are released at 12:30 GMT.
[ Full Story ]- SPECIAL EVENT: Trade Non−Farm Payrolls LIVE − 24th Edition with Wayne McDonell
- European govt bonds higher in light volume trade before U.S. payrolls (Thomson Financial News)
Daily Forex News - Payrolls expected to decline for the fourth straight month by ACM − Advanced Currency Markets
Spot Forex Trades - NFP Trade: Sell GBPCHF @ 20700 by ForexSurvivor
Top Market Movers Review
EMU PMI MANUFACTURING
| Date (GMT) | Event | Actual | Cons. | Previous | |
| May 2 | 08:00 | PMI Manufacturing | 50.7 | 50.8 | 52.0 |
Euro Zone's April manufacturing PMI declines to 50.7 (FXstreet.com)
Manufacturing sector's activity has grown in April at a slower pace than in March, approaching the negative growth area after a period of four months of steady slowdown of the sector's activity, according to figures by NTC Research.
[ Full Story ]- Read the Purchasing Managers Index report by the NTC Economics
- UPDATE: Euro−Zone April Mfg PMI 50.7 Vs 52.0 In March (Dow Jones)
- Euro zone April final manufacturing PMI 50.7, lowest since Aug 2005 − sources (Thomson Financial News)
- EU PMI Manufacturing falls to 50.7 in Apr from 52 in March (FXstreet.com)
Germany RETAIL SALES
| Date (GMT) | Event | Actual | Cons. | Previous | |
| May 2 | 06:00 | Retail Sales (MoM) | -0.1% | 0.6% | -0.7% |
| May 2 | 06:00 | Retail Sales (YoY) | -6.3% | -2.3% | 2.5% |
German retail sales, weaker than expected in March (FXstreet.com)
Retail sales have decreased in March, despite the mild increment forecasted by the analysts, according to data released by German Statistics. From March last year, retail sales have decreased 6.3% in real terms, and 3.7% in nominal terms, on the month, sales have edged down 0.1%.
[ Full Story ]- Read the Retail Sales report at Destatis.de
- 2nd UPDATE: German March Retail Sales Fall Unexpectedly (Dow Jones)
- German March retail sales down 0.1 pct from Feb, down 6.3 pct year−on−year (Thomson Financial News)
- Germany Retail Sales, 0.1% down in Mar; 6.3% down on year (FXstreet.com)
EMU economic indicators - German retail sales might have stabilized in March by BHF−Bank
Economic Events
| Date (GMT) | Country | Event | Actual | Cons. | Previous | |
| May 2 | 07:00 | UK | Halifax House Prices (MoM) (Apr) | -1.3% | -2.5% | |
| 07:00 | UK | Halifax House Prices (YoY) (Apr) | -0.9% | 1.1% | ||
| 07:30 | CH | SVME − Purchasing Managers' Index (Apr) | 56.7 | 55.0 | 55.3 | |
| 07:55 | DE | PMI Manufacturing (Apr) | 53.6 | 53.6 | 55.1 | |
| 08:00 | EMU | PMI Manufacturing (Apr) | 50.7 | 50.8 | 52.0 | |
| 08:30 | UK | CIPS PMI Construction (Apr) | 46.1 | 47.0 | 47.2 | |
| 12:30 | US | Average Hourly Earnings (MoM) (Apr) | 0.3% | 0.3% | ||
| 12:30 | US | Average Hourly Earnings (YoY) (Apr) | 3.6% | 3.6% | ||
| 12:30 | US | Average Weekly Hours (Apr) | 33.7 | 33.8 | ||
| 12:30 | US | Nonfarm Payrolls (Apr) | -78 | -80K | ||