Monday, May 05, 11:14 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
- New Features in our Real−Time Economic Calendar
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
Derek Frey's Outlook
Expert: Derek Frey
Start: Mon, May 5, 14:00 GMT
Sponsored by: 
Type of Session: Webinar
Weekly Webinar: 1st on Forex − The Week Ahead
Expert: Jerry Furst
Start: Mon, May 5, 16:00 GMT
Sponsored by: 
Type of Session: Webinar
| Sponsored by | ||||
| 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 | |
| Tue, May 6, 11:00 GMT | FX Instructor Live Trading Room | Mark De La Paz | WBN |  |
Current Session: Europe − U.S.
EUR/USD
Daily Trading Forecast A Slow Trading Day for Currencies by Swiss e Trade AG
With Japan closed for Golden week and London closed for a bank holiday, we don't expect much movement today in any of the currency pairs. In Asian trading today, we saw some increased activity as investors re−established "Carry Trade" positions.
- Stocks for currency traders by John Jagerson, Founder at 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
Other Topics for this Session:
Daily FX Report Focus on Europe with ECB and BoE policy meetings by Varengold Wertpapierhandelsbank AG
FX Analysts' Comments
Average Daily Ranges by Wayne McDonell, FxBootcamp.com
Majors at a Glance
- EUR/USD
- Moves up towards first resistant level 1.5484
05/05/2008 10:46 GMT - GBP/USD
- Moves up around pivot level 1.9777
05/05/2008 10:46 GMT - USD/CHF
- Moves down below pivot level 1.0545
05/05/2008 10:46 GMT - USD/JPY
- Trades above pivot level 105.15
05/05/2008 10:46 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 ISM NON−MANUFACTURING
| Date (GMT) | Event | Cons. | Previous | |
| May 5 | 14:00 | ISM Non−Manufacturing | 49.5 | 49.6 |
US: ISM Monitor by Danske Bank A/S
March's ISM figure showed a modest increase to 48.6 from 48.3 in February. The rise was mainly driven by increases in supplier deliveries and employment. The new orders index dropped to its lowest level since 2001
[ Full Story ]- HIGHLIGHTS Outlook of US economic indicators to be released in the coming week (Thomson Financial News)
Daily Forex Outlook - US Unemployment and Payrolls boosts dollar. All eyes on ISM services by Easy Forex
USA: ISM goes sideways by Danske Bank A/S
Top Market Movers Review
EMU SENTIX INVESTOR CONFIDENCE
| Date (GMT) | Event | Actual | Cons. | Previous | |
| May 5 | 08:30 | Sentix Investor Confidence | 3.5 | 4.4 | 4.1 |
EU Sentix investor confidence lost 0.6 pts to 3.5 in May (FXstreet.com)
The Sentix investor confidence index has fallen in May after the April increases, according to the study released by Sentix GmbH.
[ Full Story ]- Read the Investors Confidence data at Sentix [text in German]
- EU Sentix Investor Confidence declines to 3.5 in May from 4.1 in April (FXstreet.com)
Economic Events
| Date (GMT) | Country | Event | Actual | Cons. | Previous | |
| May 4 | 22:45 | NZ | Labor Cost Index (QoQ) (1Q) | 0.7% | 1.1% | |
| May 5 | 00:00 | UK | Early May holiday | |||
| 01:30 | AU | House Price Index (QoQ) (1Q) | 1.1% | 3.2% | ||
| 01:30 | AU | House Price Index (YoY) (1Q) | 13.8% | 12.3% | ||
| 08:30 | EMU | Sentix Investor Confidence (May) | 3.5 | 4.4 | 4.1 | |
| 14:00 | US | ISM Non−Manufacturing (Apr) | 49.5 | 49.6 | ||
| May 6 | 01:30 | AU | Trade Balance (Mar) | -2900 | -3289M | |
| 04:30 | AU | RBA Interest Rate Decision | 7.25% | |||
| 05:45 | CH | Consumer Price Index (MoM) (Apr) | 0.3% | |||
| 05:45 | CH | Consumer Price Index (YoY) (Apr) | 2.6% | |||