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28.04.2011
20:10
Microsoft reports Q3 EPS of $0.61 on revenue of $16.43 billion
19:17
Dow +48.78 at 12739.74, Nasdaq -2.04 at 2867.84, S&P +2.40 at 1358.06

Stocks recently returned to session highs, but they have been unable to build on the move.
Despite the number of headlines for traders to act on, share volume remains unimpressive with hardly 600 million shares traded, so far, on the NYSE.
More than 100 companies are scheduled to report earnings after today's close. Another 40 or so are scheduled for tomorrow morning.

18:32
Bild: Germany to support Draghi for ECB president.
18:31
Dow +37.54 at 12728.31, Nasdaq -5.54 at 2864.34, S&P +1.18 at 1356.84

Trade is still choppy, but the Dow is on pace for its sixth gain in seven sessions. General Electric (GE 20.54, -0.11), a leader in the prior session, is down today, but Boeing (BA 78.01, +1.89) has been a source of strength as it bounces to its highest level in almost three years following positive analyst commentary.

16:46
American focus:

The Dollar Index fell to its lowest level in more than two years as the U.S. economy expanded in the first quarter at a slower rate than forecast, encouraging the Federal Reserve to keep borrowing costs low.
The U.S. currency fell against the euro and yen after the Commerce Department reported that gross domestic product rose at a 1.8 percent annual pace in the first quarter after a 3.1 percent rate of expansion in the last three months of 2010. The median forecast of economists was for a 2 percent pace of growth.
The yen appreciated versus most of its major counterparts after a report showed Japanese investors sold foreign assets last week.
The yen rallied today as Japanese investors were net sellers of foreign bonds during the week ended April 22. They sold 171.8 billion yen ($2.1 billion) in overseas bonds and notes and 5.6 billion yen in overseas stocks, according to figures based on reports from designated major investors released by the Ministry of Finance in Tokyo. They bought 14.6 billion yen in overseas short-term securities. The total net sale was 162.8 billion yen.
“The data is accelerating dollar weakness,” said Mark McCormick, a currency strategist at Brown Brothers Harriman & Co. in New York. “The yen is firmer today because it now seems that there is more of a potential for repatriation back into the economy, which would drive up demand.”
New Zealand’s dollar was one of the worst performers against the greenback after Reserve Bank Governor Alan Bollard called the currency’s recent advance “unwelcome.” The dollar sank a day after Fed Chairman Ben S. Bernanke said he was unsure when monetary stimulus will unwind.

16:30
Dow +14.57 at 12705.83, Nasdaq -8.31 at 2861.57, S&P +0.16 at 1355.82

A sudden flurry of selling recently backed down stocks. The move actually put the Nasdaq at a session low.

15:01
BMO on GDP

BMO says Q1 GDP shows "The U.S. economy has lost what little upward momentum it had, partly because of temporary factors like bad weather, lower defense spending and auto shutdowns related to Japan's crises, and partly because of not-so transitory factors like rising gasoline prices and state & local budget cuts."

14:30
Dow +11.65 at 12702.61, Nasdaq -3.23 at 2866.65, S&P +0.58 at 1356.24
14:01
US: March NAR Pending Home Sales Index +5.1% to 94.1 vs 89.5 Feb.
13:56
Dow +10.07 at 12701.03, Nasdaq -4.93 at 2864.95, S&P -0.61 at 1355.05

Energy stocks are under stiff pressure this morning. Their collective slide of 0.9% comes amid a negative response to the latest report from Exxon Mobil (XOM 87.05, -0.73), which actually featured a better-than-expected bottom line. Fellow integrated play ConocoPhillips (COP 77.81, -2.02) has extended its prior session slide following its downgrade by analysts at Deutsche Bank.
In contrast, telecom is outperforming for the second straight session. The sector is up 0.6%. Sprint Nextel (S 4.93, +0.14) is a top performer in its space following its latest quarterly report, which featured stronger-than-expected results on both the top and bottom line.

13:33
FX: Option expiries for today's 1400GMT cut

EUR/USD  $1.4810, $1.4700, $1.4660, $1.4615, $1.4600
USD/JPY Y81.50, Y82.00, Y82.55, Y83.00 
EUR/JPY Y120.00, Y121.95, Y122.60
GBP/USD $1.6550, $1.6500
USD/CHF Chf0.8755
EUR/CHF Chf1.3000
AUD/USD $1.0750

13:23
Before the bell: Stocks head for weak open

U.S. stock futures slumped after the government released data on gross domestic product and jobless claims before Thursday's opening bell.
Exxon Mobil reported a 69% jump in first-quarter profit of $10.7 billion. Investors weren't all that impressed.
Investors sent all three indexes to fresh multi-year highs Wednesday after Fed chief Ben Bernanke's first press conference.

Economy: On Thursday, the Department of Commerce released its report on first-quarter gross domestic product, showing that GDP expanded at an annual rate of 1.8% during the first quarter.

The government also reported its weekly initial jobless claims data. The Labor Department reported that jobless claims totaled 429,000 last week. Economists expected them to fall to 390,000. It also marked the third week in a row that jobless claims came in above the key 400,000 level.
Later in the morning, a report from the National Association of Realtors is expected to show a 1.7% rise in pending home sales for the month of March.
Companies: Procter & Gamble (PG, Fortune 500) reported an increase in quarterly net profits and sales but still disappointed investors. The company's stock slipped nearly 2% in premarket trading.
PepsiCo (PEP, Fortune 500) and Sprint Nextel (S, Fortune 500) also reported quarterly results before the market open. Pepsi's stock was flat in premarket trading while Sprint's stock rose about 3%.
After the closing bell, analysts expect Microsoft to post a quarterly profit of $4.8 billion, up 20% from a year earlier, on sales of $16.2 billion.


13:07
EUR/GBP tries to recover

EUR/GBP tries to recover after earlier it fell from highs on stg0.8915. Offers still between stg0.8920/25 with options on stg0.8925 and stops above stg0.8930. Rate currently trades around stg0.8875 after it broke support at stg0.8880.

12:54
AUD/USD below $1.0900

AUD/USD slid back below $1.0900, as rate extends its corrective pullback off overnight highs of $1.0948. The stall ahead of $1.0950 has prompted speculation that the level holds option barrier interest.

12:36
Reaction on news:

As GDP data came in expected, the weekly claims data higher than expected. Currently EUR/USD holds around $1.4811 after falling to a session low around $1.4785.



12:31
US: Initial jobless claims +25,000 to 429k in Apr 23 wk
12:30
US: Q1 real GDP +1.8%
12:17
US Q1 GDP preliminary data are due to come at 12:30 GMT with median of +0.5% m/m and +1.8% y/y

Median estimate for the first publication of GDP for Q1 is +1.8% y/y after +3.1% in Q2, wit promising employment numbers on the one hand and underlying weakness in the housing market on the other that has led a number of prominent institutions to downgrade their economic growth forecasts for Q1 and 2011 as a whole.
As a reminder, yesterday Bernanke said in the press conference  that he believes GDP growth will be less than 2% as slower consumer spending and a wider trade deficit slowered economic activity at the start of the year.
Possible outcome:
Above estimates: A strong reading above 1.8% should give the USD some strength to correct the selling pressure. Data should ideally breach the psichological 2% band, this could trigger a strong rebound in the Dollar, aiming to set under $1.4800. Below this achievable break, not much support is seen until $1.4700, stronger support, ahead of $1.4650.
Below estimates: Should the number fall short of 1.8%, then the Dollar is poised to extend gains towards the next area of resistance at $1.4900. Upon the touch of this new high, the doors for $1.5000 big round number will get widely opened. From a weekly perspective, the chart does not show much resistance until $1.5120/30 area.
In line with expectations: Data in line with estimates may not be good enough for the Dollar. However, Euro may find it hard to overstrech much further. For these reasons, we favour quotes to consolidate near highs with the potential to see a pullback to $1.4700.


12:08
EU session review: Dollar index declines to lowest since 2008

Data released:
06:00     Germany     Import prices (March)    1.1%    1.1%    1.1%
06:00     Germany     Import prices (March) Y/Y    11.3%    11.3%    11.9%
06:00     Germany     Import prices excluding oil (March) Y/Y         -    8.8%
06:45     France     Consumer spending (March)    -0.7%    0.3%    0.9%
06:45     France     Consumer spending (March) Y/Y     2.6%    3.7%    5.5%
07:55     Germany     Unemployment (April) seasonally adjusted    -37K    -32K    -55K
07:55     Germany     Unemployment (April) seasonally adjusted, mln         -    -
07:55     Germany     Unemployment rate (April) seasonally adjusted    7.1%    7.0%    7.1%

The Dollar Index fell to its lowest level since 2008 as the Federal Reserve’s pledge to keep interest rates near zero to stimulate growth spurred investors to buy higher-yielding assets.
The Australian dollar climbed to a record against its U.S. counterpart amid speculation the South Pacific nation will raise rates to contain inflation.
“It’s still a broadly negative dollar story,” said Lee Hardman, a currency strategist at Bank of Tokyo-Mitsubishi UFJ Ltd.. “There’s not much change to the outlook for Fed policy. The downtrend for aggressive dollar selling is firmly entrenched.”
The dollar has lost 1.1% in the past week, extending this year’s decline to 6.9%. The yen has fallen 0.9% this week, and has lost 7.6% this year.
The Dollar Index fell for an eighth day, its longest losing run since March 2009, after Fed Chairman Ben S. Bernanke signaled yesterday in his first press conference following a policy decision that the central bank intends to maintain monetary stimulus.
Fed policy makers kept the target rate for overnight lending between banks at zero to 0.25%. The rate has remained at that level since December 2008.
Australia’s dollar appreciated as traders boosted bets that the central bank will increase borrowing costs. The Reserve Bank of Australia will raise its target rate of 4.75% by 25 basis points over the next 12 months, up from 19 basis points a week earlier.

EUR/USD corrected to $1.4795 before it rose to 17-months highs around $1.4880 earlier.

GBP/USD back to $1.6660 after rising up to highs near $1.6740.

USD/JPY fell to a session low on Y81.50 before back to Y81.82.


In the US, also at 1230GMT, the main release is the Q1 US GDP data and the April 23 week jobless claims data. The advance estimate for first quarter GDP is expected to be at a 1.8% rate of growth, down from the 3.1% gain in the previous quarter.



11:41
FOMC reacts

Jefferies: "Bernanke is in no hurry to remove accommodation".
HSBC: "The press conf gave the same message as before".



11:23
GOLD TECHS:

Gold continues to push higher and reached another all-time high today at $1534.05. Daily studies maintain bullish while in overbought territory with momentum reaching a 5-month high. Resistance seen at $1539.10 (the daily Bollinger band top), followed by a 4-week resistance line at $1562.30 and then a 12-month trend line at $1565.80.

11:03
EUR/USD sinks back under earlier lows at $1.4826 and currently holds around $1.4819. Support is around $1.4800/90.
10:46
GERMANY: Germany DIW forecast 1Q GDP OF +0.9%; 2Q GDP OF +0.6%
10:35
EU focus: Dollar extends slide after Fed

The dollar sank to a three-year low against a basket of currencies and was at risk of a drop to $1.50 versus the euro.
The dollar slid across the board, with the Australian dollar challenging previous highs to a 29-year peak above $1.0900. Both the euro and sterling scaled 17-month highs.
Analysts said more dollar weakness was likely after the Federal Reserve said overnight that it would end its bond-buying programme in June as planned and appeared in no rush to tighten monetary policy further.
The dollar index has slid nearly 4 percent this month, on track for the biggest monthly decline since Sept. 2010 and bringing it closer to a record low of 70.698 hit in March 2008.


The euro hit a 17-month high above $1.48, its rise having gained steam after triggering stop-loss bids around that level and after breaching resistance around $1.4850.
The dollar gained no traction from a news conference by Federal Reserve Chairman Ben Bernanke on Wednesday where he forecast weaker U.S. growth in the first three months of 2011, though he attributed it to transitory factors. It was the first regularly scheduled briefing by a Fed chief in the central bank's 97-year history.
Sterling also hit a 17-month peak near $1.6750. Possible upside targets include the November 2009 high at $1.6879 and then the August 2009 peak of $1.7044. The 200-week moving average at $1.7005 may also serve as resistance.
The Australian dollar scaled a fresh 29-year high near $1.0950 and was last up 0.8 percent at $1.0943.

10:21
BOE SENTANCE: Global economy is in fact growing very strongly
  • Price pressures from whole range of sources
  • Sterling aggravating UK price pressures
  • Global price pressures will persist for some time
  • Shouldn't wait for 'red' signal before rate hike
10:19
BOE SENTANCE: Global economy is in fact growing very strongly
  • Price pressures from whole range of sources
  • Sterling aggravating UK price pressures
  • Global price pressures will persist for some time
  • Shouldn't wait for 'red' signal before rate hike
09:59
EUR/GBP holds above stg0.8900

EUR/GBP breaks above resistance at stg0.8905 on the reported German name buys, with strong euro demand. Cross printed session high on stg0.8916. Resistance/offers seen between stg0.8920/25, with stops noted on a break of stg0.8930.



09:43
EUR/USD printed hourly high on $1.4866 before it retreated to curent $1.4841. rate still holds below overnight highs on $1.4880.
09:28
FTSE +0.05% 6,071, CAC +0.72% 4,097, DAX +0.56% 7,447
09:18
Option expiries for today's 1400GMT cut

EUR/USD  $1.4810, $1.4700, $1.4660, $1.4615, $1.4600
USD/JPY Y81.50, Y82.00, Y82.55, Y83.00 
EUR/JPY Y120.00, Y121.95, Y122.60
GBP/USD $1.6550, $1.6500
USD/CHF Chf0.8755
EUR/CHF Chf1.3000
AUD/USD $1.0750

09:05
Bank of Japan Governor Masaaki Shirakawa: "Well Aware of High Uncertainty For Japan"

 

  • Quake Rebuilding Efforts to Create New Demand;
  • Japan Can Lead World in Energy, Ecology Saving;
  • 1% Price Stability Reset After Board Shuffled;
  • Need More Than Cost Cuts to Raise Productivity.

 

08:21
Asian stocks close:

Hang Seng -0.37% 23,805.63
Shanghai Composite -1.31% 2,887.04
Nikkei +1.63% 9849.74

07:57
GERMANY DATA: Germany April SA unemployment rate 7.1%; April sa unemployment -37k
07:56
Asian session: The dollar fell

 

Data:
04:36 Japan BoJ Interest Rate Decision (Apr 28) 0.1% 
05:00 Japan Construction Orders (YoY) (Mar) -11.0% 
05:00 Japan Housing Starts (YoY) (Mar) -2.4%

 

The dollar fell to a 16-month low against the euro as the Federal Reserve’s pledge to keep interest rates near zero to stimulate growth spurred investors to buy higher-yielding assets.
The Dollar Index, which tracks the greenback against the currencies of six major U.S. trading partners, declined 0.5 percent to 72.932, after dropping to 72.878, the lowest level since July 2008.
New Zealand’s dollar dropped from near a three-year high after Reserve Bank Governor Alan Bollard left interest rates at a record low and said the economic outlook “remains very uncertain.” 
New Zealand’s dollar snapped a two-day gain as central bank Governor Bollard said monetary policy won’t change for some time and called the currency’s recent advance “unwelcome.”

The yen touched the lowest in two weeks versus the euro as Asian stocks extended a rally in shares around the world. 

EUR/USD: the pair shown high in the field of $1,4880 then decreased.
GBP/USD: the pair shown high in the field of $1,6740 then returned below a mark $1,6700. 
USD/JPY: the pair decreased in around Y81,60. 



The German state employment data is released at 0755GMT.

Across the Atlantic, the Canadian February employment data is released at 1230GMT. In the US, also at 1230GMT, the main release is the Q1 US GDP data and the April 23 week jobless claims data. The advance estimate for first quarter GDP is expected to be at a 1.8% rate of growth, down from the 3.1% gain in the previous quarter. 

 

07:53
Forex: Wednesday's review

The dollar dropped against the euro for a seventh day after the Federal Reserve said a pickup in inflation is likely to be temporary as it decided to finish $600 billion of bond purchases on schedule in June.
The greenback earlier touched its lowest level since December 2009 on speculation the Fed will keep borrowing costs low. 
Fed Chairman Ben S. Bernanke is due today to give his first press conference after a policy meeting.
The central bank held its target rate for overnight lending between banks at zero to 0.25%, as forecast. The benchmark has stayed at that level since December 2008.
“The economic recovery is proceeding at a moderate pace and overall conditions in the labor market are improving gradually,” the Federal Open Market Committee said in its statement after a two-day meeting. 
The Fed announced in November it would buy $600 billion in Treasuries in an effort to stabilize the U.S. economy under the second round of quantitative easing.
Consumer prices increased in March for a ninth consecutive month, led by gains in food and fuel costs, according to the Labor Department. The U.S. unemployment rate dropped last month to a two-year low of 8.8%.
The economy grew at a 2% annual pace in the first quarter after a 3.1% rate of expansion in the last three months of 2010, according to the median forecast of economists before tomorrow’s report from the Commerce Department.
The outlook on Japan’s AA- local-currency government debt rating, the fourth-highest grade, was lowered to “negative” from “stable,” S&P said today, citing costs for rebuilding after the nation’s record earthquake on March 11.
The yen has weakened 5.2% over the past month. The dollar has declined 4%.
The Australian dollar touched a record on speculation the Reserve Bank of Australia will raise borrowing costs to contain accelerating inflation.

EUR/USD: on results of yesterday's session the pair grown in around $1,4770.
GBP/USD: on results of yesterday's session the pair grown above a mark $1,6600. 
USD/JPY: the pair shown high in the field of Y82,80, decreased later and finished session in the field of Y82,20. 

The German state employment data is released at 0755GMT.
Across the Atlantic, the Canadian February employment data is released at 1230GMT. In the US, also at 1230GMT, the main release is the Q1 US GDP data and the April 23 week jobless claims data. The advance estimate for first quarter GDP is expected to be at a 1.8% rate of growth, down from the 3.1% gain in the previous quarter. 

07:08
Stocks: Wednesday's review

The Nikkei 225 Stock Average rose to the highest level in more than two weeks after U.S. consumer confidence gained and companies including Daihatsu Motor Co. reported earnings that beat forecasts.
S&P cut Japan’s debt outlook to “negative” from “stable,” saying reconstruction costs are likely to add to a government debt that is already the largest among developed countries. S&P predicted rebuilding will cost as much as 50 trillion yen ($613 billion).
Canon Inc. (7751), which has lost 11 percent this year, jumped after Nomura Holdings Inc. said the camera maker’s growth prospects are “positive” even after last month’s record earthquake and tsunami damaged supply chains.
Daihatsu, an automaker majority owned by Toyota Motor Corp. (7203), leapt 6.5 percent. The automaker said net income rose to 52.6 billion yen in the year through March, exceeding the company’s forecast by 19 percent.
Fanuc Corp. (6954) advanced 3.6 percent after the maker of factory robots forecast a 22 percent gain in first-half profit.
Daiwa Securities Group Inc., Japan’s second-largest brokerage, had the biggest drop on the Nikkei. The company posted a loss of 37.3 billion yen for the year ended March 31, compared with a profit of 43.4 billion yen a year earlier
Sony Corp. (6758) fell 2 percent to 2,366 yen after the electronics maker warned customers who use its PlayStation Network that credit-card data and other personal information may have been stolen by a hacker.
European stocks advanced for a fifth day, led by technology and auto-industry shares, as companies from Ericsson AB to Volkswagen AG (VOW) and Porsche SE reported better-than-estimated earnings.
Ericsson surged 11 percent as the biggest maker of mobile- phone networks reported first-quarter profit that more than tripled.
Volkswagen, Europe’s largest carmaker, climbed 4.8 percent.
 Porsche rallied 5.9 percent after its car-making division reported increased income.
Volvo AB (VOLVB), the world’s second-largest truckmaker, rose 2.1 percent after lifting this year’s industry sales forecasts.
European stocks erased an earlier drop as a report showed Britain’s economy rebounded in the first quarter by enough to erase the contraction of the previous three months on the strongest surge in service industry growth for four years.
Gross domestic product rose 0.5 percent from the previous three months, when it fell by the same amount, the Office for National Statistics said. The result matched the median forecast of 28 economists in a Bloomberg News survey.
Renault SA (RNO) climbed 3.8 percent to 40.92 euros. France’s second-biggest carmaker said revenue increased to 10.43 billion euros in the first three months from 9.07 billion euros a year earlier. That beat the 9.5 billion-euro median of six analyst estimates compiled by Bloomberg.
Nokia Oyj (NOK1V) gained 3.3 percent to 6.16 euros as the world’s largest maker of mobile phones agreed to farm out its Symbian software development to Accenture Plc as part of a job-reduction program as it switches to Microsoft Corp.’s platform.
Software AG (SOW) advanced 3 percent to 126.55 euros. Germany’s second-biggest maker of business software said first-quarter profit jumped 43 percent to 40 million euros, helped by cost savings from the integration of its IDS Scheer consulting business and a weaker euro. Earnings surpassed the 37.1 million- euro average estimate in a Bloomberg survey of analysts.
After waiting on the sidelines most of Wednesday in anticipation of the Federal Reserve's statement and Fed chief Ben Bernanke's first press conference, investors waded back in.
As expected, the central bank said it would keep interest rates low and end its $600 billion Treasury buying program in June, while Bernanke reassured investors that the nation's economic recovery is on track.
Companies: GE's (GE, Fortune 500) stock jumped 2.7%, leading the Dow's gainers. At an annual shareholder's meeting, the conglomerate's CFO said the company's profit growth over the next few years will be the fastest it has seen in a decade.
Shares of Merck (MRK, Fortune 500) rose 1.6% after the Dow component got the green light from its board for a $5 billion share buyback program.
Shares of Boeing (BA, Fortune 500) rose 0.8% after the aeronautics company reported a 13% increase in its first-quarter profit.
Amazon.com (AMZN, Fortune 500)'s stock was the biggest winner on the S&P 500 and Nasdaq, with shares rising 8%, even though the online merchant reported first-quarter earnings that fell by one-third compared to a year earlier and sharply missed Wall Street forecasts.
For-profit educator DeVry's (DV) stock was also a strong performer on the S&P 500 after popping more than 7%. Late Tuesday, DeVry reported a 14% rise in its quarterly profit
Meanwhile, shares of Broadcom (BRCM, Fortune 500) sank 12.3% after the semiconductor company issued a disappointing outlook. Broadcom was the worst performing company in the S&P 500 and Nasdaq.
After Tuesday's close, Starbucks (SBUX, Fortune 500) posted quarterly results roughly in line with expectations, but the coffee giant disappointed investors with a lower-than-expected outlook. Shares slipped 2% in after-hours trading.
Economy: The government said new orders for durable goods increased 2.5% in March, after a 0.7% rise the month before. Economists surveyed by Briefing.com expect an increase of 1.8% in March.

06:48
Tech on USD/JPY

 

Resistance 3:Y83.10 (Apr 20 high) 
Resistance 2: Y82.80 (Apr 27 high) 
Resistance 1:Y82.30 (session high) 
Current price: Y81.68
Support 1:Y81.60 (session low)    
Support 2:Y81.20 (Apr 27 low)  
Support 3:Y80.70 (around of Mar 18-24 low)  
Comments: the pair decreases. The nearest support - Y81.60. Below losses are possible to Y81.20. The nearest resistance - Y82.30. Above growth is possible  to Y82.80.

 

 

06:24
Tech on USD/CHF

Resistance 3: Chf0.8880 (МА (200) for Н1)
Resistance 2: Chf0.8820 (resistance line from Apr 6)
Resistance 1: Chf0.8760 (session high)
Current price: Chf0.8704
Support 1: Chf0.8670 (Apr 27 low)
Support 2: Chf0.8600 (psychological mark)
Support 3: Chf0.8500 (psychological mark)
Comments: the pair decreased. The nearest support - Chf0,8670. Below loss may extend to Chf0.8600. The nearest resistance - Chf0.8760. Above is located Chf0.8820. 

06:03
GERMANY DATA: March import prices +1.1% m/m, +11.3% y/y
05:41
Tech on GBP/USD

Resistance 3: $ 1.7040 (Aug'2009 high)
Resistance 2: $ 1.6880 (Nov'2009 high)
Resistance 1: $ 1.6740 (session high)
Current price: $1.6713
Support 1 : $1.6625 (session low, 38,2 % FIBO $1,6430-$ 1,6740)
Support 2 : $1.6580 (50,0 % FIBO $1,6430-$ 1,6740)
Support 3 : $1.6550 (61,8 % FIBO $1,6430-$ 1,6740)
Comments: the pair grown. The nearest resistance - around $1.6740. Above growth is possible to $1.6880. The nearest support $1.6625. Below is possible testings of around $1.6580. 

05:40
Tech on EUR/USD

Resistance 3: $ 1.5140 (high of Nov-Dec'2009)
Resistance 2: $ 1.5000 (psychological mark)
Resistance 1: $ 1.4880 (session high)
Current price: $1.4864
Support 1 : $1.4770 (session low)
Support 2 : $1.4630 (Apr 27 low, support line from Apr 18)
Support 3 : $1.4490 (Apr 26 low)
Comments: the pair grown. The nearest resistance - $1.4880. Above growth is possible  to $1,5000. The nearest support $1,4770. Below losses are possible to $1.4630.

05:32
Schedule for today, Thursday, Apr 28 2011:

03:30 Japan BoJ meeting announcement 0.00-0.10% 0.00-0.10%
05:00 Japan Housing starts (March) Y/Y -1.5% 10.1%
05:00 Japan Construction orders (March) Y/Y - 19.5%
06:00 Germany Import prices (March) 1.1% 1.1%
06:00 Germany Import prices (March) Y/Y 11.3% 11.9%
06:00 Germany Import prices excluding oil (March) Y/Y - 8.8%
07:55 Germany Unemployment (April) seasonally adjusted -32K -55K
07:55 Germany Unemployment rate (April) seasonally adjusted 7.0% 7.1%
07:55 Germany Unemployment (April) seasonally unadjusted, mln - 3.210
12:30 USA Jobless claims (week to 23.04) 389K 403K
12:30 USA GDP (Q1) advance Y/Y 3.0% 3.1%
12:30 USA PCE price index (Q1) advance 1.6% 1.7%
12:30 USA PCE price index ex food, energy (Q1) advance - 0.4%

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