Tuesday, May 15, 16:58 GMT
ASIA-PACIFIC Trading Newsletter
To Get Started
- The Advisor Weblog: The USD gets hit hard
- Looking for the Trader of the Year 2007: Take part in the 1st FXstreet.com Trading Contest
- Monthly Webinar: Join Raghee Horner through her Four Step Trading approach
- The Signals Tracker: track down the performance of a particular signal provider
- Check out all our Delivery Options
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Live Sessions Schedule
What moves currencies? - Markets after US CPI data
Expert: Tony Juste
Start: Wed, May 16, 10:00 GMT
Sponsored by: 
Type of Session: Webinar
Applying Money Management Rules
Expert: Mihai Marinescu
Start: Wed, May 16, 15:00 GMT
Sponsored by: 
Type of Session: Webinar
| Sponsored By: | ||||
| Tue, May 15, 17:00 GMT | 24 hour Outlook  | John Putman | WBN | |
| Tue, May 15, 20:00 GMT | 24 hour Outlook | John Putman | WBN | |
| Tue, May 15, 21:00 GMT | FX Daily Wrap Up | Derek Frey | WBN |  |
| Wed, May 16, 10:00 GMT | What moves currencies? - Markets after US CPI data | Tony Juste | WBN | |
| Wed, May 16, 11:00 GMT | Asia-Pacific trading Webinar | Abdul Khan | WBN |  |
Current Session: U.S.
GBP/USD
FX Advisor's Blog - Dollar slumps on disappointing housing data by FXstreet.com
The warning signals that appeared in Cable in the morning (discussed in the OMW) have turned into a nightmare for the USD as there is big buying, fuelled by a report by the NAR (Real Estate) that says the Home Sales drop in the 1st quarter compared with a year ago. Needless to say taht the EUR is in extreme overbought condition and that Cable and the Swissy are approaching those levels, too. Once again, USD/JPY failed @ 120.50.
- Looking for the Trader of the Year 2007: Take part in the 1st FXstreet.com Trading Contest
- Read our FX advisor's Trade Alerts and Market comments
- The Signals Tracker: track down the performance of a particular signals provider
- 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
Other Topics for this Session:
Mid-Day Forex Technical Report - Dollar Resilient Despite Tamer Inflation by ActionForex.com
Daily Trading Strategy - Inflation lower also, now what? by MVDForex
Forex Trading Strategies - Soft CPI in the UK Triggered Sell-Off in GBP-crosses by Saxo Bank
Currencies at a Glance
- EUR/USD
- Continues to move up above third resistant level at 1.3593
05/15/2007 15:03 GMT - GBP/USD
- Continues to move up above first resistant level at 1.9830
05/15/2007 15:03 GMT - USD/CHF
- Drops toward third support level at 1.2132
05/15/2007 15:03 GMT - USD/JPY
- Moves down below pivot level 120.27
05/15/2007 15:03 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
Japan INDUSTRIAL PRODUCTION
| Date (GMT) | Event | Cons. | Previous | |
| May 16 | 04:30 | Industrial Production (YoY) | 1.6% | 3.1% |
| May 16 | 04:30 | Industrial Production (MoM) | -0.6% | 0.7% |
USD/JPY Daily Outlook - USD/JPY Daily Outlook by AceTrader
[ Full Story ]- Tony Juste, FX Advisor at FXstreet.com: "The industrial production figures are always a good measure to sense how this important of the Japanese economy is behaving. A bad reading should weigh on the JPY." - FXstreet.com
Top Market Movers Review
US CONSUMER PRICE INDEX
| Date (GMT) | Event | Actual | Cons. | Previous | |
| May 15 | 12:30 | Consumer Price Index (MoM) | 0.4% | 0.5% | 0.6% |
| May 15 | 12:30 | Consumer Price Index (YoY) | 2.6% | 2.6% | 2.8% |
US April CPI up 0.4 pct, core CPI up 0.2 pct (AFX News)
Consumer inflation rose a touch slower than expected in April as core inflation, which does not include volatile food and energy prices, continued to moderate to its smallest annual gain in a year, the Labor Department said today. Overall prices rose 0.4 pct, just below the 0.5 pct increase economists had expected.
[ Full Story ]- Read the Consumer Price Index at Labor Department
- Forex - Euro jumps as US CPI comes in below expectations (AFX News)
- Dollar Slips Modestly After Tame US CPI -2- (Dow Jones)
- CORRECT: DATA SNAP: US March CPI Rose 0.6%, Not 0.5% (Dow Jones)
The Week Ahead - CPI, Industrial Production, Housing Starts & Michigan Consumer Sentiment by BBVA Bancomer
Economic Events
| Date (GMT) | Country | Event | Actual | Cons. | Previous | |
| May 15 | 08:30 | UK | Consumer Price Index (MoM) (Apr) | 0.3% | 0.3% | 0.5% |
| 09:00 | EMU | Gross Domestic Product s.a. (QoQ) (1Q) | 0.6% | 0.5% | 0.9% | |
| 09:00 | EMU | Gross Domestic Product s.a. (YoY) (1Q) | 3.1% | 3.0% | 3.3% | |
| 12:30 | US | Consumer Price Index (MoM) (Apr) | 0.4% | 0.5% | 0.6% | |
| 12:30 | US | Consumer Price Index (YoY) (Apr) | 2.6% | 2.6% | 2.8% | |
| 12:30 | US | Consumer Price Index Ex Food & Energy (MoM) (Apr) | 0.2% | 0.2% | 0.1% | |
| 12:30 | US | Consumer Price Index Ex Food & Energy (YoY) (Apr) | 2.3% | 2.4% | 2.5% | |
| 13:00 | US | Net Long-term TIC Flows (Mar) | $67.6B | $74.7B | $58.1B | |
| 17:00 | US | NAHB Housing Market Index (May) | 33 | 33 | ||
| 22:45 | NZ | Producer Price Index - Input (QoQ) (1Q) | 0.5% | -0.3% | ||