Tuesday, May 05, 11:20 GMT
U.S. Trading Newsletter
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- Learning Center: New Contents has been released! Chapter 3 of Unit A - Understand the Mechanics. Read it now!
- Webinar Videos: Trading with the ATR & Bollinger Bands by Adam Rosen
- All the events of the day in our Economic Calendar
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Forex Blogs
Trading for a living: HD Video review. London Open 05/05/2009 by David Aranzabal
Today we were expecting a move to the downside in Cable as we got double MACD divergence before the European Opening. But soon we realized that the price formed a triple bottom at the Asian support so changed bias. We passed the first opportunity just to make sure the move was on the upside. We waited and entered on the long side for a nice trade.
CEO's Weblog: MIG Investments Increases Share Capital to CHF 25Mio by Francesc Riverola
Forex Trading Today: The Aussie Rolls On In Appreciation as the RBA Holds by Tim Salem
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Live Sessions Schedule
Profitable trading with Fibonacci, MA and Bollinger
Expert: Lea Peters
Start: Tue, May 5, 13:00 GMT
Type of Session: Webinar
The Weather Report: Ichimoku Cloud Trading
Expert: Chris Capre
Start: Tue, May 5, 14:00 GMT
Type of Session: Webinar
| Sponsored by | ||||
| Tue, May 5, 13:00 GMT | Profitable trading with Fibonacci, MA and Bollinger | Lea Peters | WBN |  |
| Tue, May 5, 14:00 GMT | The Weather Report: Ichimoku Cloud Trading | Chris Capre | WBN | |
| Tue, May 5, 15:00 GMT | Trading with Autochartist | Raghee Horner | WBN | |
| Tue, May 5, 17:00 GMT | Live Look at Today's Markets  | Derek Frey | WBN |  |
Current Session: Europe − U.S.
EUR/USD: Positive risk sentiment continues to drive the pair higher
ACM − Advanced Currency Markets − Positive risk sentiment continues to drive the pair higher. Break above 1.3412 reinstates the up−trend and exposes 1.3491 (200 day ma) then 1.3582 Apr 6 high. Intra−day positive above 1.3192.
GBP/USD
Forex: GBP/USD: Pound soars to 1.51 after construction PMI by FXstreet.com Independent Analyst Team
The Pound has rocketed 75 pips from levels around 1.5025, breaking previous intra−day high at 1.5065 to reach 1.5097 high so far minutes after PMI Construction data was released.
USD/JPY
Daily Trading Forecast − USD/JPY: For two days, the dollar has been in a directionless mood by Swiss e Trade AG
For two days, the dollar has been in a directionless mood against the yen, just consolidating its higher levels in early European trading again near the 100.00 handle level, now at 99.10. We see that move continuing in today's trading, testing again the 100.00 resistance point, but not breaking it.
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 ISM NON−MANUFACTURING
| Date (GMT) | Event | Cons. | Previous | |
| May 5 | 14:00 | ISM Non−Manufacturing | 42.5 | 40.8 |
Friday Notes - ISM non−manufacturing by UniCredit Group
The tone of the comments to a variety of surveys, including the Fed's Beige Book, confirms the US economy is still contracting, but at a much slower pace than in the past six months. That is likely to be supported by the SM non−manufacturing report as well.
[ Full Story ]Top Market Movers Review
EMU PRODUCER PRICE INDEX
| Date (GMT) | Event | Actual | Cons. | Previous | |
| May 5 | 09:00 | Producer Price Index (YoY) | -3.1% | -2.9% | -1.8% |
| May 5 | 09:00 | Producer Price Index (MoM) | -0.7% | -0.5% | -0.5% |
DATA SNAP:Euro−Zone PPI Posts Biggest Annual Drop For 22 Yrs (Dow Jones)
Euro−zone industrial producer prices posted their sharpest drop in annual terms for 22 years in March, supporting the case for the European Central Bank to cut interest rates to a record low this week, official data showed Tuesday.
[ Full Story ]Economic Events
| Date (GMT) | Country | Event | Actual | Cons. | Previous | |
| May 5 | 03:00 | NZ | ANZ Commodity Price (Apr) | 2.5% | 1.0% | |
| 04:30 | AU | RBA Interest Rate Decision | 3% | 3% | 3% | |
| 05:45 | CH | SECO Consumer Climate (Apr) | -38 | -25 | -23 | |
| 08:30 | UK | PMI Construction (Apr) | 38.1 | 31.7 | 30.9 | |
| 09:00 | EMU | Producer Price Index (MoM) (Mar) | -0.7% | -0.5% | -0.5% | |
| 09:00 | EMU | Producer Price Index (YoY) (Mar) | -3.1% | -2.9% | -1.8% | |
| 14:00 | US | ISM Non−Manufacturing (Apr) | 42.5 | 40.8 | ||
| 21:00 | US | ABC/Washington Post Consumer Confidence (May 3) | -44 | -45 | ||
| 23:01 | UK | Nationwide Consumer Confidence (Apr) | 43 | 41 | ||
| May 6 | 01:30 | AU | Retail Sales Trend (MoM) (Mar) | 0.5% | -2.0% | |