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Forex Trading Update : Main News for Forex Traders

Jason Alan Jankovsky 1 May 2008

Today’s USD Trading

• USD quiet in Asia, firms in Europe
• GBP and EURO rally after rate cut
• Whipsaw in the majors

Today’s Economic Reports
All times EASTERN (-5 GMT)

• 8:15am ADP Private Payrolls, Actual+ 10,000
• 8:30am Advance GDP q/q 0.2%0.6%, Actual +0.6, -0.2%
• 8:30am Advance GDP Price Index q/q 3.0%2.6%
• 8:30am DECI q/q 0.8%0.8%
• 9:45am Chicago PMI 47.548.2 Actual 48.3
• 2:15pm FOMC, actual 25 BP cut

Looking Ahead to Thursday
All times EASTERN (-5 GMT)
• 7:30am Challenger Job Cuts y/y 9.4%
• 8:30am Personal Spending m/m 0.2%0.1%
• 8:30am Core PCE Price Index m/m 0.1%0.1%
• 8:30am Unemployment Claims 363K342K
• 8:30am Personal Income m/m 0.4%0.5%
• 10:00am ISM Manufacturing Index 48.048.6
• 10:00am ISM Manufacturing Prices 83.583.5
• 10:00am Construction Spending m/m -0.8%-0.3%

Forex Analysis by Jason Alan Jankovsky at ForexPros.com. For more details about Forex Trading and Tips for decent earnings through Forex Trading, Please check http://www.forexpros.com/

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Jason Alan Jankovsky