Monday, May 21, 16:54 GMT
ASIA-PACIFIC Trading Newsletter
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- Looking for the Trader of the Year 2007: Take part in the 1st FXstreet.com Trading Contest
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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: | ||||
| Mon, May 21, 17:00 GMT | 24 hour Outlook  | John Putman | WBN |  |
| Mon, May 21, 21:00 GMT | FX Daily Wrap Up | Derek Frey | WBN |  |
| Tue, May 22, 09:00 GMT | Outlook for the major currencies this week | Ian Copsey | WBN | |
| Tue, May 22, 10:00 GMT | What moves currencies? | Tony Juste | WBN | |
| Tue, May 22, 13:00 GMT | Raghee Horner's Four Step Trading: Forex | Raghee Horner | WBN |  |
Current Session: U.S.
EUR/USD
Mid-Day Forex Technical Report - Dollar Extends Rally by ActionForex.com
EUR/USD's fall resumes after recovery was limited at 1.3525. Breaking of 1.3461 support, EUR/USD has now reached as low as 1.3435, touching 55 days EMA (now at 1.3438) as expected. At this point, the fall from 1.3609 should still be in force as long as 1.3525 holds and further decline is expected to follow towards 100% projection of 1.3681 to 1.3461 from 1.3609 at 1.3389.
- Looking for the Trader of the Year 2007: Take part in the 1st FXstreet.com Trading Contest
- The USD retraces 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 Outlook - EUR/USD: Confidence level – low by Karoll
Daily Forex Forecast - EUR/USD has dropped further below 1.3460 by FXDream
Forex Commentaries and Forecasts - EURUSD 1.3681 will be the top level for 2007 by World-Signals®
Currencies at a Glance
- EUR/USD
- Continues to move up toward first support level at 1.3475
05/21/2007 16:35 GMT - GBP/USD
- Trades around first support level at 1.9704
05/21/2007 16:35 GMT - USD/CHF
- Continues to trade around second resistant level at 1.2301
05/21/2007 16:35 GMT - USD/JPY
- Trades above first resistant level at 121.43
05/21/2007 16:35 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
UK PUBLIC SECTOR NET BORROWING
| Date (GMT) | Event | Actual | Cons. | Previous | |
| May 21 | 08:30 | Public Sector Net Borrowing | 1.1B | 1.5 | 8.5 |
DATA SNAP: UK's April PSNB Lower Than Expected (Dow Jones)
The U.K. government started the new fiscal year with lower net borrowing than expected in April, figures from the Office for National Statistics showed Monday. The public sector borrowed GBP1.1 billion in April, ONS said, below expectations from economists surveyed by Dow Jones Newswires for a deficit of GBP1.5 billion.
[ Full Story ]- Read the Tighter household finances dictate borrowing attitudes at BBA
- UK April PSNB: Table Of Data (Dow Jones)
- UK mortgage lending slows further in April - BBA (AFX News)
- UK’s Public Sector Net Borrowing, lower than forecasted in April (FXstreet.com)
Economic Events
| Date (GMT) | Country | Event | Actual | Cons. | Previous | |
| May 21 | 08:30 | UK | M4 Money Supply (YoY) | 13.3% | 12.5% | 12.7% |
| 08:30 | UK | M4 Sterling Lending | 9.1B | 17.9B | 9.1B |
|
| 08:30 | UK | Public Sector Net Borrowing | 1.1B | 1.5 | 8.5 | |
| May 22 | 05:00 | JP | BoJ Minutes | |||
| 09:00 | EMU | Trade Balance s.a. | €0.7B | |||
| 09:00 | DE | ZEW Survey - Economic Sentiment | 22.0 | 16.5 | ||
| May 23 | 08:30 | UK | Bank of England Minutes | |||
| 09:00 | EMU | Industrial New Orders (YoY) | 5.9% | 4.7% | ||
| 09:00 | EMU | Industrial New Orders s.a. (MoM) | 1.0% | -0.7% | ||
| 14:30 | US | EIA Crude Oil Stocks (May 18) | 1.1M | |||