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U.S. Trading Newsletter
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Forex Blogs
Forex Trading Today: Appreciation Looks To Continue on the EUR/USD and Inversely with Gold by Tim Salem
Greetings Again, Everyone! Our Large Corrective Retracements we spoke of in our Big Overnight Post surely have come nowhere to Fruition… as Price across the majors looks for "tight" Retracements to continue propelling Price further "North"…
ForexHedge: EUR/USD Hedge by Ron Schelling
CEO's weblog: NFA - Not allowing stop and limit orders
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| Thu, Apr 30, 12:00 GMT | US Pre−Market Open | Ed Ponsi | WBN |  |
| Thu, Apr 30, 13:30 GMT | US Session Open | Ed Ponsi | WBN | |
| Thu, Apr 30, 14:00 GMT | What does the summer have in store for us? | Adam Rosen | WBN | |
Current Session: Europe − U.S.
Forex: EUR/USD: Euro falls to 1.3300 from two−weeks high at 1.3385
FXstreet.com −The Euro has gone through an up and down European session,, reaching two weeks high at 1.3385 to drop back towards 1.3300 afterwards, giving away previous gains. At the moment, the Euro trades at 1.3308, 0.40% above its opening level.
Support levels, below 1.3300 lie at 1.3265 and below there, 1.3230. On the upside, 1.3350 and 1.3385 fresh two−week high are the nearest resistance levels, above here, 1.3410.
GBP/USD
GBP/USD: Pound pulls back after hitting 1.4950 two−week high by FXstreet.com
The Pound has continued appreciating during the European trading session, and rally from 1.4515 low on Apr 28 has reached 1.4950 (Apr 17 high) so far, to drop afterwards to levels above 1.4850.
USD/JPY
USD/JPY: The Dollar breaks above 98.00 by FXstreet.com
The Dollar has bounced at 97.15 level ahead off the European session opening and recovery extends through 97.85/98.00 resistance area to reach a fresh intra−week high at 98.25.
Analyst Sentiment Index (ASI)
Analysts Sentiment Index - EUR/USD
**Source : ActionForex.com, CMS Forex, Danske Bank A/S, FXstreet.com, i-knowindices.com, Mizuho Corporate Bank, MolFX - Management
[ View ASI page ] [ View EUR/USD page ]
Charting the Market Movers
EUR USD, Hourly
GBP USD, Hourly
Top Market Movers Preview
US PERSONAL CONSUMPTION EXPENDITURE DEFLATOR
| Date (GMT) | Event | Cons. | Previous | |
| Apr 30 | 12:30 | Core Personal Consumption Expenditure − Prices Index (MoM) | 0.1% | 0.2% |
| Apr 30 | 12:30 | Personal Income (MoM) | -0.2% | -0.2% |
| Apr 30 | 12:30 | Personal Consumption Expenditure Deflator | 0.7% | 1.0% |
| Apr 30 | 12:30 | Personal Spending | -0.1 | 0.2 |
| Apr 30 | 12:30 | Core Personal Consumption Expenditure − Prices Index (YoY) | 1.8% | 1.8% |
US economic indicators - PCE core deflator (Mar): annual rate remaining unchanged by BHF−Bank
The PCE core deflator was only 0.9% in Q4, but could have risen to an annualised 1.6% qoq in the 1st quarter, still well within the Fed's comfort zone of 1–2%.
[ Full Story ]Top Market Movers Review
EMU CONSUMER PRICE INDEX
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Apr 30 | 09:00 | Consumer Price Index (YoY) | 0.6% | 0.7% | 0.6% |
DATA SNAP: Euro−Zone Inflation Rate Remains At Record Low (Dow Jones)
The annual rate of inflation in the 16 countries that use the euro steadied in April, although at a record low. However, economists expect the inflation rate to resume its decline in May.
[ Full Story ]- Read the CPI data at Eurostat
- EU CPI stays unchanged at 0.6% (FXstreet.com)
EMU UNEMPLOYMENT RATE
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Apr 30 | 09:00 | Unemployment Rate | 8.9% | 8.7% | 8.7% |
DATA SNAP: Euro−Zone Unemployment Rate Hits 40−Month High (Dow Jones)
The unemployment rate in the 16 countries that use the euro rose more than expected and to the highest level for more than three years in March, as businesses struggled to survive the recession by laying off more staff, official data showed Thursday.
[ Full Story ]- Read the Employment data at Eurostat
- EU Mar Unemployment Rate increases to 8.9% vs 8.7% (FXstreet.com)
Economic Events
| Date (GMT) | Country | Event | Actual | Cons. | Previous | |
| Apr 30 | 06:00 | DE | ILO Unemployment Rate (Mar) | 7.6% | 7.5% | 7.4% |
| 06:00 | UK | Nationwide Housing Prices s.a (MoM) (Apr) | -0.4% | -1.2% | 0.9% | |
| 07:55 | DE | Unemployment Change (Apr) | 58K | 65K | 71K |
|
| 07:55 | DE | Unemployment Rate s.a. (Apr) | 8.3% | 8.2% | 8.1% | |
| 09:00 | EMU | Consumer Price Index (YoY) | 0.6% | 0.7% | 0.6% | |
| 09:00 | EMU | Unemployment Rate (Mar) | 8.9% | 8.7% | 8.7% |
|
| 12:30 | US | Continuing Jobless Claims (Apr 18) | 6200K | 6137K | ||
| 12:30 | US | Core Personal Consumption Expenditure − Prices Index (MoM) (Mar) | 0.1% | 0.2% | ||
| 12:30 | US | Core Personal Consumption Expenditure − Prices Index (YoY) (Mar) | 1.8% | 1.8% | ||
| 12:30 | US | Employment Cost Index (1Q) | 0.5% | 0.7% | ||