Friday, May 18, 16:50 GMT
ASIA-PACIFIC Trading Newsletter
To Get Started
- The Advisor Weblog: It's the JPY (carry trade), stupid!
- 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
Send us your feed back. Post your comments about the new newsletters' format in the Forum.
Live Sessions Schedule
Outlook for the major currencies this week
Expert: Ian Copsey
Start: Tue, May 22, 09:00 GMT
Sponsored by: 
Type of Session: Webinar
Trade the 200MA strategy in the FxInstructor Live Trading Room
Expert: Sunil Mangwani
Start: Tue, May 22, 13:30 GMT
Sponsored by: 
Type of Session: Webinar
| Sponsored By: | ||||
| Fri, May 18, 17:00 GMT | 24 hour Outlook  | John Putman | WBN |  |
| Mon, May 21, 10:00 GMT | What moves currencies? - Previewing the Week Ahead | Tony Juste | WBN | |
| Mon, May 21, 11:00 GMT | Weekly Webinar: 1st on Forex - The Week Ahead | Jerry Furst | WBN |  |
| Mon, May 21, 14:00 GMT | Derek Frey's Outlook | Derek Frey | WBN |  |
| Mon, May 21, 16:00 GMT | Trading with Tim Billups | Tim Billups | WBN | |
Current Session: U.S.
USD/JPY
Mid-Day Forex Technical Report - Yen Boosted by PBoC, CAD Breached 30 Yr High by ActionForex.com
USD/JPY retreats sharply after reaching as high as 121.39 earlier today. Touching of mentioned 120.67 support indicates an intraday top is already formed at 121.39 and intraday bias is shifted to the downside for further retreat towards 4 hours 55 EMA (now at 120.43) could be seen. However, a break of 119.43 cluster support (50% retracement from 117.60 to 121.39 at 119.50) is needed to signal rally from 115.13 low has completed.
- Looking for the Trader of the Year 2007: Take part in the 1st FXstreet.com Trading Contest
- Trade Alert (m/t): EUR/JPY 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:
FX Weekly Technical - Triangle Break and Bull Channe Break Signals L-Term Strenght by Informa Global Markets
Daily Forex Forecast - Daily Forex Forecast by FXDream
Daily Outlook - USD/JPY Daily by Karoll
Currencies at a Glance
- EUR/USD
- Trades around pivot level at 1.3504
05/18/2007 16:30 GMT - GBP/USD
- Back around pivot level at 1.9756
05/18/2007 16:31 GMT - USD/CHF
- Back around opening price level at 1.2269 , above pivot level at 1.2248
05/18/2007 16:31 GMT - USD/JPY
- Trades above pivot level at 121.10
05/18/2007 16:31 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
Germany ZEW SURVEY - ECONOMIC SENTIMENT
| Date (GMT) | Event | Cons. | Previous | |
| May 22 | 09:00 | ZEW Survey - Economic Sentiment | 22.0 | 16.5 |
EMU economic indicators - German ZEW economic sentiment might improve for the sixth consecutive time by BHF-Bank
In May, German ZEW economic sentiment might improve for the sixth consecutive time. The ifo business expectations in the German business sector, the US ISM index and the DAX performance index have all gone up.
[ Full Story ]Top Market Movers Review
US REUTERS/MICHIGAN CONSUMER SENTIMENT INDEX
| Date (GMT) | Event | Actual | Cons. | Previous | |
| May 18 | 14:00 | Reuters/Michigan Consumer Sentiment Index | 88.7 | 86.8 | 87.1 |
Reuters/Univ Michigan Mid-May Sentiment 88.7; Apr 87.1 (Dow Jones)
Consumer sentiment levels improved in May, a report said Friday. The preliminary May Reuters/University of Michigan consumer sentiment index moved to 88.7, from 87.1 in April, and 88.4 in March. Economists surveyed by Dow Jones Newswires had expected the May reading to come in at 87.0.
[ Full Story ]- Read the Reuters/University of Michigan Surveys of Consumers
- US Michigan consumer sentiment index up to 88.7 in May vs 86.5 expected (AFX News)
- U.S. Reuters/U. Michigan Economic sentiment Index rises in April, against expectations (FXstreet.com)
- US Reuters/Michigan Consumer Sentiment Index rises to 88.7 in May from 87.1 in Apr (FXstreet.com)
The Week Ahead - CPI, Industrial Production, Housing Starts & Michigan Consumer Sentiment by BBVA Bancomer
Canada RETAIL SALES
| Date (GMT) | Event | Actual | Cons. | Previous | |
| May 18 | 12:30 | Retail Sales ex Autos (MoM) | 1.1% | 1.0% | 1.0% |
| May 18 | 12:30 | Retail Sales (MoM) | 1.9% | 0.7% | 0.1% |
Canadian Retail Sales soar on cars demand (FXstreet.com)
Retail sales have increased in an unexpected extent in March, and in a broad manner, with seven of eight retail sectors posting sales increases, according to data by StatCan. Sales have jumped 1.9% in March from February to an estimated $34.0 billion, which seals off first quarter of the year with a 2.0% increase.
[ Full Story ]- Read the Retail trade, March 2007 at Statistics Canada
- Canada Morning: C$ Hits 29-Year High After Retail Sales Data (Dow Jones)
- Canada Dollar Hits 29-Year High After Retail Sales Data (Dow Jones)
- Canada Mar Retail Sales up 1.9% on the month ; ex autos rises 1.1% (FXstreet.com)
Economic Events
| Date (GMT) | Country | Event | Actual | Cons. | Previous | |
| May 18 | 06:00 | DE | Producer Price Index (MoM) | 0.1% | 0.3% | 0.3% |
| 06:00 | DE | Producer Price Index (YoY) | 1.6% | 2.5% | ||
| 08:30 | UK | Retail Sales (MoM) (Apr) | -0.1% | 0.6% | 0.5% |
|
| 08:30 | UK | Retail Sales (YoY) (Apr) | 4.2% | 4.7% | 5.0% |
|
| 10:30 | CN | PBoC Interest Rate Decision | 6.57% | 6.39% | ||
| 12:30 | CA | Retail Sales (MoM) (Mar) | 1.9% | 0.7% | 0.1% | |
| 12:30 | CA | Retail Sales ex Autos (MoM) (Mar) | 1.1% | 1.0% | 1.0% | |
| 14:00 | US | Reuters/Michigan Consumer Sentiment Index (May)  | 88.7 | 86.8 | 87.1 | |
| May 21 | 08:30 | UK | M4 Money Supply (YoY) | 12.5% | 12.7% | |
| 08:30 | UK | M4 Sterling Lending | 17.9B | 9.7B | ||