FX Trading April 30 - May 4

Will GBPUSD finish the week above/below $2 ?


  • Total voters
    19
  • Poll closed .

trendie

Legendary member
6,879 1,430
New week, new pips.
Being as we're still close to the $2 mark, I think jacintos poll remains valid, regarding where we will be at end of the week.

eco-calendar from ForexFactory! http://www.forexfactory.com/calendar.php

Mon Apr 30
0:30 AUD TDMI Inflation Gauge m/m Low Impact Expected 0.5%
6:00 EUR German Retail Sales m/m Low Impact Expected 0.8% 1.5%
8:00 EUR M3 Money Supply y/y Low Impact Expected 9.8% 10.0%
8:30 GBP BBA Mortgage Approvals m/m Low Impact Expected 75.0K 54.7K
9:00 EUR CPI y/y (p) Low Impact Expected 1.8% 1.9%
9:00 EUR Consumer Confidence Low Impact Expected -4 -4
9:00 EUR Italian CPI m/m Low Impact Expected 0.2% 0.2%
9:30 GBP Consumer Confidence Low Impact Expected -8 -8
12:30 USD Core PCE Price Index m/m High Impact Expected 0.1% 0.3%
12:30 USD Personal Spending m/m Medium Impact Expected 0.5% 0.6%
12:30 USD Personal Income m/m Low Impact Expected 0.5% 0.6%
12:30 CAD GDP m/m High Impact Expected 0.2% 0.1%
13:45 USD Chicago PMI High Impact Expected 54.5 61.7
14:00 USD Construction Spending m/m Low Impact Expected 0.2% 0.3%
23:30 AUD Manufacturing PMI Low Impact Expected 57.7

Tue May 1
1:30 JPY Average Cash Earnings y/y Low Impact Expected -0.4% -1.0%
All Day EUR Holiday: Labor Day Low Impact Expected
8:30 GBP Manufacturing PMI Medium Impact Expected 54.0 54.4
10:00 GBP CBI Distributive Trades Realized Medium Impact Expected 30 32
10:00 GBP CBI Distributive Trades Expected Medium Impact Expected 20 21
12:30 CAD IPPI m/m Low Impact Expected 0.9% 0.9%
12:30 CAD RMPI m/m Low Impact Expected 1.5% 2.6%
14:00 USD ISM Manufacturing Index High Impact Expected 51.0 50.9
14:00 USD ISM Manufacturing Prices Medium Impact Expected 65.9 65.5
15:00 USD Fed Chairman Bernanke Speaks High Impact Expected
15:00 CAD BOC Governor Dodge Speaks Medium Impact Expected
Tentative USD Domestic Vehicle Sales Low Impact Expected 12.3M 12.3M
23:30 AUD Interest Rate Statement Medium Impact Expected 6.25% 6.25%
23:50 JPY Monetary Base y/y Medium Impact Expected -14.0% -19.1%

Wed May 2
7:30 CHF SVME PMI Medium Impact Expected 63.5 62.0
7:55 EUR German Manufacturing PMI Medium Impact Expected 57.0 56.9
7:55 EUR German Unemployment Rate Low Impact Expected 9.1% 9.2%
8:00 EUR Manufacturing PMI Low Impact Expected 55.5 55.4
8:30 GBP Construction PMI Low Impact Expected 59.0 58.9
8:30 GBP Net Lending to Individuals m/m Low Impact Expected 11.0B 11.4B
8:30 GBP Mortgage Approvals Low Impact Expected 116K 119K
9:00 EUR Unemployment Rate Low Impact Expected 7.2% 7.3%
12:15 USD ADP Nonfarm Employment Change High Impact Expected 107K 106K
13:30 USD St. Louis Fed President Poole Speaks Low Impact Expected
14:00 USD Factory Orders m/m Low Impact Expected 1.8% 1.0%
14:30 USD Crude Oil Inventories Low Impact Expected 2.1M
15:00 USD Treasury Secretary Paulson Speaks Medium Impact Expected
All Day JPY Holiday: Constitution Day Low Impact Expected

Thu May 3
5:45 CHF CPI m/m Medium Impact Expected 0.8% 0.1%
8:30 GBP Services PMI Medium Impact Expected 57.6 57.6
9:00 EUR PPI m/m Low Impact Expected 0.3% 0.3%
12:30 USD Nonfarm Productivity q/q (p) High Impact Expected 1.0% 1.6%
12:30 USD Unit Labor Costs q/q (p) Medium Impact Expected 3.8% 6.6%
12:30 USD Unemployment Claims Low Impact Expected 324K 321K
14:00 USD ISM Non-Manufacturing Index Medium Impact Expected 53.2 52.4
14:00 USD ISM Non-Manufacturing Prices Low Impact Expected 59.5 63.3

Fri May 4
All Day JPY Holiday: Greenery Day Low Impact Expected
1:30 AUD RBA Monetary Policy Statement High Impact Expected
1:30 AUD Trade Balance Medium Impact Expected -0.98B -0.84B
7:55 EUR German Services PMI Low Impact Expected 57.9 57.5
8:00 EUR Manufacturing PMI Low Impact Expected 57.6 57.4
9:00 EUR Retail Sales m/m Low Impact Expected 2.2% 0.3%
12:30 USD Nonfarm Employment Change High Impact Expected 107K 180K
12:30 USD Unemployment Rate High Impact Expected 4.5% 4.4%
12:30 USD Average Hourly Earnings m/m Medium Impact Expected 0.3% 0.3%
13:10 CAD BOC Governor Dodge Speaks Medium Impact Expected
13:45 USD New York Fed President Geithner Speaks Low Impact Expected
14:00 CAD Ivey PMI Medium Impact Expected 57.5 67.3
15:30 USD Kansas City Fed President Hoeing Speaks Low Impact Expected
 
Last edited:

Sharky

Admin
5,648 440
Indeed we do! :D

We're still ironing out a few bugs, but check back later tonight/tomorrow and any issues with the figures and formatting should be ironed out.
 

dc2000

Veteren member
4,766 129
simple enough week really big players looking for 951 long taking profits in the 2.0221 region early week before sideways
 

Atilla

Legendary member
19,909 3,159
simple enough week really big players looking for 951 long taking profits in the 2.0221 region early week before sideways

Hi guys,

Nice fresh smooth feel to the T2W site. I like it. :D

Excellent response from Sharky and the team too as the I notice colour of font changed from pastel grey to black very pronto... Much easier to read. :)

New competition set up on FX will become like gladiators arena. I think it's great cause it's good to know what others are thinking. I know that's what the price tells us but it's good to look up to the established mentors on this site and see their moves.

Regarding cable, I reckon it's going to trend a little bit further down. I'm thinking
1.9875+ regions with a quick bounce and range around the $2 mark. I've read articles about it touching 2.05. I think that's possible perhaps towards the end of the year 3 or 4 quarter.

I'm also bearish on the DOW & SPX and glad to see gold up again so quickly. Still all very puzzling but will trade the TA and my MAs and BBs. Learning a great deal about keeping emotions and my head out of it all and just trade the lines as what the eyes see...

Good luck to the week ahead everyone. :)
 

oiltanker

Established member
955 89
new site is fine. the competition is doing random trades on my behalf. something wrong with the software.

still short yen. got another 20 pts last thing fri from a small short limiting out. nothing else on the radar at the moment.
 

jacinto

Senior member
2,374 101
morning all

Im unsure about the bias for cable today. probably will trade on the long side, but I guess I'd rather wait until after 9 to take a view.

good trading

j
 

2be

Senior member
2,043 357
morning all
Good feel to the new T2W site. Do not have any strong opinion re Cable.
Will examin the situation mid morning, untill then I shall be out.
Till then good trades to all!
 

jacinto

Senior member
2,374 101
im long euryen 162.45. stop is tight.

edit: the stop is at BE now
 
Last edited:

dc2000

Veteren member
4,766 129
Imlong now at 935 slightly better than expected price think I will go enjoy some of the shinny yellow ball stuff
 

2be

Senior member
2,043 357
I am long 9004 SL 9870, Target 9992 Reasons: Stochastics on 15min & 1hr chart well in oversold with ADX below 20 and BB bands with 15 min canlestickswere forming support at 9900, just deeped below as I type
 
 
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