Friday, May 09, 11:22 GMT
U.S. Trading Newsletter
To Get Started
- Webinar Videos: Day Trading Series - Chapter VI: Tips and Tricks for Successful Day Trading by Markus Heitkoetter
- Review of May 8 meeting: ECB and BoE on hold by FXstreet.com
- EUR/JPY moved down below 1.6000
- Enjoy the New Streaming FX Charts by NetDania/FXCM
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Live Sessions Schedule
Banging around the Bands
Expert: Chris Capre
Start: Fri, May 9, 14:00 GMT
Type of Session: Webinar
Fibonacci Friday
Expert: Andrei Pehar
Start: Fri, May 9, 15:00 GMT
Type of Session: Webinar
| Sponsored by | ||||
| Fri, May 9, 14:00 GMT | Banging around the Bands  | Chris Capre | WBN |  |
| Fri, May 9, 15:00 GMT | Fibonacci Friday | Andrei Pehar | WBN | |
| Mon, May 12, 10:00 GMT | Understand & Use Fibonacci Ratio's Effectively | Sunil Mangwani | WBN |  |
| Mon, May 12, 12:30 GMT | Dan Blystone's Daily Briefing | Dan Blystone | WBN | |
Current Session: Europe − U.S.
GBP/USD
Daily Forex News − Dollar fell after BoE and ECB left rates unchanged by ACM − Advanced Currency Markets
Cable broke down Wednesday 1.9600 range support. Further pressure may open the way down to 1.9337 January low and 1.9105 (50% retracement of 1.7049 – 2.1162 advance). Renewed advance over 1.9600 and 1.9800 may reopen the way toward 2.0000 psychological level. Actual trading range is 1.9500 – 1.9800.
- Raghee Horner's Four Step Trading: Forex by Raghee Horner, co−Founder and Lead Trader Raghee.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 Trading Forecast − Not Much Expected in Today's Trading by Swiss e Trade AG
Currency Performance
Action Bias Summary Table − Action Bias Summary Table by FXstreet.com
Majors at a Glance
- EUR/USD
- Moves up above first resistant level 1.5461
05/09/2008 10:05 GMT - GBP/USD
- Moves down towards first support level 1.9488
05/09/2008 10:05 GMT - USD/CHF
- Moves down towards first support level 1.0451
05/09/2008 10:05 GMT - USD/JPY
- Moves down towards first support level 103.11
05/09/2008 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 TRADE BALANCE
| Date (GMT) | Event | Cons. | Previous | |
| May 9 | 12:30 | Trade Balance | -$61.40B | -$62.32B |
US economic indicators - Trade deficit could have remained on a higher level in March, partly due to higher import prices by BHF−Bank
The US trade deficit widened unexpectedly by more than $3bn to –$62.3bn in February, although exports expanded sharply by 2.0% mom. But imports went up even more, by 3.1% mom, particularly due to a surge in natural gas and automobile imports. The latter was a surprise, given the slowdown in consumption.
[ Full Story ]Top Market Movers Review
Canada UNEMPLOYMENT RATE
| Date (GMT) | Event | Actual | Cons. | Previous | |
| May 9 | 11:00 | Unemployment Rate | 6.1% | 6.0% | 6.0% |
| May 9 | 11:00 | Net Change in Employment | 19.2 | 12.5 | 14.6 |
Canadian unemployment rate edges up in April; so does employment (FXstreet.com)
Unemployment rate increased slightly in Canada in April despite the mild rise on net jobs creation, similar to the one posted in the previous week, according to data released by Statistics Canada.
[ Full Story ]- Read the Unemployment data at Statistics Canada
- Canada Unemployment Rate increases to 6.1% in Apr, despite 19,200 net job creation (FXstreet.com)
Economic Events
| Date (GMT) | Country | Event | Actual | Cons. | Previous | |
| May 8 | 16:30 | US | Fed's Former Chairman Greenspan Speech | |||
| May 9 | 01:30 | AU | RBA Monetary Policy Statement | |||
| 05:00 | JP | Coincident Index (Mar)  | 33.3% | 33.3% | 70.0% | |
| 05:00 | JP | Leading Economic Index (Mar) | 20.0 | 20.0 | 54.5 | |
| 11:00 | CA | Net Change in Employment (Apr) | 19.2 | 12.5 | 14.6 | |
| 11:00 | CA | Unemployment Rate (Apr) | 6.1% | 6.0% | 6.0% | |
| 12:30 | CA | International Merchandise Trade (Mar) | $4.50B | $4.94B | ||
| 12:30 | US | Trade Balance (Mar) | -$61.40B | -$62.32B | ||
| May 11 | 11:50 | JP | Money Supply M2+CD (YoY) (Apr) | 2.2% | ||
| May 12 | 01:30 | AU | Home Loans (Mar) | -5.9% | ||