Thursday, May 17, 16:55 GMT
ASIA-PACIFIC Trading Newsletter
To Get Started
- The Advisor Weblog: Intraday warnings
- 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
24 hour Outlook
Expert: John Putman
Start: Thu, May 17, 17:00 GMT
Sponsored by: 
Type of Session: Webinar
What moves currencies? - Closing the week
Expert: Tony Juste
Start: Fri, May 18, 10:00 GMT
Sponsored by:
Type of Session: Webinar
| Sponsored By: | ||||
| Thu, May 17, 16:00 GMT | Market Magic, surprise all the time: why? | Dr.S.Sivaraman | WBN |  |
| Thu, May 17, 17:00 GMT | 24 hour Outlook | John Putman | WBN | |
| Thu, May 17, 20:00 GMT | 24 hour Outlook  | John Putman | WBN | |
| Thu, May 17, 21:00 GMT | FX Daily Wrap Up | Derek Frey | WBN |  |
| Fri, May 18, 10:00 GMT | What moves currencies? - Closing the week | Tony Juste | WBN | |
Current Session: U.S.
EUR/USD
Mid-Day Forex Technical Report - Dollar Extends Rally on Jobless Claims by ActionForex.com
EUR/USD's fall from 1.3609 extends further to as low as 1.3480 in early US session. At this point, further decline is expected to follow as long as 1.3544 resistance holds and retest of 1.3461 low should be seen. As discussed before, with 1.3627 resistance and remains and rising channel support turned resistance remain intact, the original case still holds.
- Looking for the Trader of the Year 2007: Take part in the 1st FXstreet.com Trading Contest
- What is going on? (majors watch) by Tony Juste
- 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:
Daily Trading Strategy - The USD gains, except in Latin America by MVDForex
Technical Analysis Special - Nine month outlook for GBP/JPY by Mizuho Corporate Bank
FX Thoughts for the Day - FX Thoughts for the day - Evening - 17-May-2007....1158 GMT by Kshitij Consultancy Service
Currencies at a Glance
- EUR/USD
- Trades above 1.3485 after bounced at first support level 1.3476
05/17/2007 16:50 GMT - GBP/USD
- Trades around 1.9740 , above first support level at 1.9725
05/17/2007 16:51 GMT - USD/CHF
- Stays below first resistant level at 1.2275
05/17/2007 16:51 GMT - USD/JPY
- Floating around second resistant level at 121.26
05/17/2007 16:51 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
UK RETAIL SALES
| Date (GMT) | Event | Cons. | Previous | |
| May 18 | 08:30 | Retail Sales (YoY) | 4.7% | 4.8% |
| May 18 | 08:30 | Retail Sales (MoM) | 0.6% | 0.3% |
Friday Notes - EMU housing market- a slowdown, not a recession by HVB Group
After a stronger-than-expected slowdown in March, we expect retail sales growth to have been pretty stable at 0.3% m-o-m, with the annual growth rate down to 4.3%. Earlier indications from the British Retail Consortium and Confederation of British Industry surveys sent mixed signal, with the former pointing to some slowdown and the latter showing a significant improvement in April. As we prefer the BRC, we remain quite cautious.
[ Full Story ]Top Market Movers Review
US PHILADELPHIA FED MANUFACTURING SURVEY
| Date (GMT) | Event | Actual | Cons. | Previous | |
| May 17 | 16:00 | Philadelphia Fed Manufacturing Survey | 4.2 | 3.5 | 0.2 |
DATA SNAP/Philadelphia Fed: Manufacturing Expands A Touch Faster (Dow Jones)
Manufacturing activity in the Philadelphia area expanded at a somewhat faster pace in May, with growth in the sector coming in modestly above expectations.
[ Full Story ]- Read the Manufacturers See Slight Improvement at the Federal Reserve Bank of Philadelphia
- Philadelphia Fed May Business Index 4.2 Vs Apr 0.2 (Dow Jones)
- Philadelphia Fed May Employment 12.9 Vs Apr 2.5 (Dow Jones)
- Philadelphia Fed May Business Index Expected 3.0 (Dow Jones)
Daily Fx Strategy - When Chinese Investors Ignore the Warnings by CMC Markets NY
US LEADING INDICATORS
| Date (GMT) | Event | Actual | Cons. | Previous | |
| May 17 | 14:00 | Leading Indicators (MoM) | -0.5% | 0% | 0.6% |
U.S. Leading Index decreases 0.5% in April (FXstreet.com)
The leading indicators index has decreased 0.5% in April to 137.3, due to the sharp fall in building permits, with six out of its ten components posting decreases, according to the U.S. Conference Board. These figures follow an upwardly revised 0.6% increase in March, originally reported as 0.1%. April’s decrease was sharper than expected, economists polled by Dow Jones Newswires had expected a 0.1% drop.
[ Full Story ]- Read the U.S. Leading Index Decreased 0.5 Percent at The Conference Board
- ECONOMIC REPORT: Leading Indicators Fall 0.5%, Pointing To Slower Growth (Dow Jones)
- April leading indicators fall 0.5 pct (AFX News)
- US Conference Board: April Leading Index -0.5% (Dow Jones)
US INITIAL JOBLESS CLAIMS
| Date (GMT) | Event | Actual | Cons. | Previous | |
| May 17 | 12:30 | Initial Jobless Claims | 293K | - | 298K |
Mid-Day Forex Technical Report - Dollar Extends Rally on Jobless Claims by ActionForex.com
Dollar is boosted higher in early US session after initial jobless claims defied expectation again and fell to a four month low of 293k from revised 298k.
[ Full Story ]- Read the Unemployment Insurance Weekly Claims Report at Labor Department
- Forex - Dollar firms as US jobless claims come in well below expectations (AFX News)
- US jobless claims down for 5th straight week, 4-week avg at 13-month low (AFX News)
- US Jobless Claims -5K To 293K In May 12 Week; Survey +18K (Dow Jones)
Economic Events
| Date (GMT) | Country | Event | Actual | Cons. | Previous | |
| May 17 | 08:00 | EMU | ECB Publishes Monthly Report (May) | |||
| 11:00 | CA | Bank of Canada Consumer Price Index Core (MoM) (Apr) | 0.2% | 0.1% | 0.3% | |
| 11:00 | CA | Bank of Canada Consumer Price Index Core (YoY) (Apr) | 2.5% | 2.4% | 2.3% | |
| 11:00 | CA | Consumer Price Index (MoM) (Apr) | 0.4% | 0.3% | 0.8% | |
| 11:00 | CA | Consumer Price Index (YoY) (Apr) | 2.2% | 2.1% | 2.3% | |
| 12:30 | US | Initial Jobless Claims | 293K | 298K |
||
| 14:00 | US | Leading Indicators (MoM) (Apr) | -0.5% | 0% | 0.6% |
|
| 16:00 | US | Philadelphia Fed Manufacturing Survey (May) | 4.2 | 3.5 | 0.2 | |
| May 18 | 05:00 | EMU | G8 Meeting of Finance Ministers Commences | |||
| 05:00 | JP | Leading Economic Index (Mar) | 40.9 | |||