Friday, May 11, 16:55 GMT
ASIA-PACIFIC Trading Newsletter
To Get Started
- The Advisor Weblog: The USD is lower as anticipated
- Special Coverage: Fed Meeting Review by FXstreet.com
- ECB and BoE meeting Review by FXstreet.com
- Forex Forum: The Central Banks Week
- The Signals Tracker: track down the performance of a particular signal provider
- Check out all our Delivery Options
Send us your feed back. Post your comments about the new newsletters' format in the Forum.
Live Sessions Schedule
What moves currencies? - Previewing the Week Ahead
Expert: Tony Juste
Start: Mon, May 14, 10:00 GMT
Sponsored by: 
Type of Session: Webinar
Weekly Webinar: 1st on Forex - The Week Ahead
Expert: Jerry Furst
Start: Mon, May 14, 11:00 GMT
Sponsored by: 
Type of Session: Webinar
| Sponsored By: | ||||
| Fri, May 11, 17:00 GMT | 24 hour Outlook  | John Putman | WBN | |
| Fri, May 11, 20:00 GMT | 24 hour Outlook | John Putman | WBN | |
| Mon, May 14, 10:00 GMT | What moves currencies? - Previewing the Week Ahead | Tony Juste | WBN | |
| Mon, May 14, 11:00 GMT | Weekly Webinar: 1st on Forex - The Week Ahead | Jerry Furst | WBN | |
| Mon, May 14, 14:00 GMT | Derek Frey's Outlook | Derek Frey | WBN |  |
Current Session: U.S.
GBP/USD
Mid-Day Forex Technical Report - Dollar Retreats Mildly after Mixed Data by ActionForex.com
Cable continues to engage in sideway consolidation in tight range and struggles around 38.2% retracement of 1.9183 to 2.0132 at 1.9769, with 55 days EMA at 1.9766. But after all, intraday bias remains on the downside as long as cable stays below 1.9841 minor resistance. Sustained trading below the 55 days EMA will indicate deeper decline is in progress towards support zone between medium term rising channel support (now at 1.9503) and 1.9545 clusters support (61.8% retracement of 1.9183 to 2.0132 at 1.9546).
- The Signals Tracker: track down the performance of a particular signals provider
- EUR, GBP in extreme overbought territory against USD, JPY by Tony Juste
- Check out how the currency moved on Live Currency Rates & Charts at FXstreet.com
- Follow up the most relevant Economic Data in the new Real Time Economic Calendar
- Be up to date with the Latest Forex News
- The Cable experience at our Forex Forum
Other Topics for this Session:
Daily Outlook - USD/JPY: Sell on recovery to 119.92 by Karoll
Daily Trading Strategy - FX reserves – trend and market implications by MVDForex
Weekly Market Commentary - The Dow Jones Industrial Average inched to a new all-time high at 13,369 by Mizuho Corporate Bank
Currencies at a Glance
- EUR/USD
- Trades above today's pivot level at 1.3503
05/11/2007 16:40 GMT - GBP/USD
- Trades below today's pivot at 1.9842
05/11/2007 16:40 GMT - USD/CHF
- Trades around today's pivot level at 1.2192
05/11/2007 16:40 GMT - USD/JPY
- Trades above today's pivot level at 120.07
05/11/2007 16:40 GMT
Analyst Sentiment Index (ASI)
Analysts Sentiment Index - EUR/USD
**Source : CMS Forex, Danske Bank A/S, Finotec Group Inc., FXstreet.com, Global Forex Trading Ltd. , Mizuho Corporate Bank
[ View ASI page ] [ View EUR/USD page ]
Charting the Market Movers
EUR USD, Hourly
USD GBP, Hourly
Top Market Movers Preview
US CONSUMER PRICE INDEX
| Date (GMT) | Event | Cons. | Previous | |
| May 15 | 12:30 | Consumer Price Index (MoM) | 0.5% | 0.6% |
Spotlight on your Forex Week - Dollar Strength : Short Term Correction Or Something Deeper? by Windfall Management
[ Full Story ]- Tony Juste, FX Advisor at FXstreet.com: "Once again, CPI expectations will fuel a fierce debate on what the next Fed (if any) should be. Whilst the vast majority believes that things haev cooled down on inflation, I still think we could see a big suprise in the next 2-3 months, forcing the Fed to readch 5.5% before year end." - FXstreet.com
Top Market Movers Review
US RETAIL SALES
| Date (GMT) | Event | Actual | Cons. | Previous | |
| May 11 | 12:30 | Retail Sales (MoM) | -0.2% | 0.4% | 1.0% |
ECONOMIC REPORT: U.S. Retail Sales Drop 0.2% In April, Confounding Forecasts (Dow Jones)
U.S. retail sales fell a weaker-than-expected 0.2% in April, the Commerce Department estimated Friday. This marked the biggest decline in retail sales since last September. Excluding automobiles, retail sales were flat. Economists had been expecting a soft report, but not one this weak.
[ Full Story ]- Read the Advance Monthly Sales for Retail and Food Services at Commerce Department
- U.S. Retail Sales decrease unexpectedly in April (FXstreet.com)
- US April retail sales down 0.2 pct, first drop since September 2006 (AFX News)
- DATA SNAP: US Apr Retail Sales Below Expectations (Dow Jones)
US Trading Preview - Traders will shift their focus to US retail sales reports by Forexnews.com
US PRODUCER PRICE INDEX
| Date (GMT) | Event | Actual | Cons. | Previous | |
| May 11 | 12:30 | Producer Price Index (YoY) | 3.2% | 3.1% | 3.2% |
| May 11 | 12:30 | Producer Price Index (MoM) | 0.7% | 0.6% | 1.0% |
US April PPI up 0.7 pct, core PPI unchanged (AFX News)
US inflation at the wholesale level continued to rise in April while core inflation, which strips out volatile food and energy prices, was tamer than expected and posted its smallest yearly gain since October, the Labor Department said today. The department's Producer Price Index, which measures inflation pressures before they reach the consumer, rose 0.7 pct in April.
[ Full Story ]- Read the Producer Price Index at Labor Department
- Table Of US PPI Data From Labor Department (Dow Jones)
- DATA SNAP: US PPI Rises In April, But Core Index Stays Flat (Dow Jones)
- Table Of US PPI Data From Labor Department (Dow Jones)
Friday Notes - The oil price just keeps on rising by HVB Group
Economic Events
| Date (GMT) | Country | Event | Actual | Cons. | Previous | |
| May 11 | 11:00 | CA | Net Change in Employment (Apr) | -5.2K | 18.0K | 54.9K |
| 12:30 | US | Producer Price Index (MoM) (Apr) | 0.7% | 0.6% | 1.0% | |
| 12:30 | US | Producer Price Index (YoY) (Apr) | 3.2% | 3.1% | 3.2% | |
| 12:30 | US | Producer Price Index ex Food & Energy (MoM) (Apr) | 0% | 0.2% | 0% | |
| 12:30 | US | Producer Price Index ex Food & Energy (YoY) (Apr) | 1.5% | 1.8% | 1.7% | |
| 12:30 | US | Retail Sales (MoM) (Apr) | -0.2% | 0.4% | 1.0% |
|
| 14:00 | US | Business Inventories (Mar) | -0.1% | 0.2% | 0.3% | |
| May 14 | 08:30 | UK | Producer Price Index - Input (MoM) (Apr) | 0.7% | 1.2% | |
| 08:30 | UK | Producer Price Index - Input (YoY) (Apr) | -0.1% | 0.7% | ||
| 08:30 | UK | Producer Price Index - Output (MoM) (Apr) | 0.5% | 0.3% | ||