Tuesday, May 22, 16:53 GMT
ASIA-PACIFIC Trading Newsletter
To Get Started
- The Advisor Weblog: Cable takes the lead
- 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
Asia-Pacific trading Webinar
Expert: Abdul Khan
Start: Wed, May 23, 08:30 GMT
Sponsored by: 
Type of Session: Webinar
What moves currencies? - JPY crosses watch
Expert: Tony Juste
Start: Wed, May 23, 10:00 GMT
Sponsored by: 
Type of Session: Webinar
| Sponsored By: | ||||
| Tue, May 22, 17:00 GMT | 24 hour Outlook  | John Putman | WBN | |
| Tue, May 22, 21:00 GMT | FX Daily Wrap Up | Derek Frey | WBN |  |
| Wed, May 23, 08:30 GMT | Asia-Pacific trading Webinar | Abdul Khan | WBN | |
| Wed, May 23, 10:00 GMT | What moves currencies? - JPY crosses watch | Tony Juste | WBN | |
| Wed, May 23, 15:00 GMT | An Introduction to Trading FX Binary Options | Peter A. Rosenstreich | WBN | |
Current Session: U.S.
USD/JPY
Mid-Day Forex Technical Report - Dollar Consolidates as Paulson Meets Chinese Officials by ActionForex.com
USD/JPY retreats mildly after reaching as high as 121.62. At this point, further rally is still in favor as long as 120.67 support holds and next upside target will be 122.17 high. However, as displayed in mild bearish divergence conditions in 4 hours MACD and RSI, USD/JPY could be losing momentum and upside could be limited by this 122.17 key resistance.
- Looking for the Trader of the Year 2007: Take part in the 1st FXstreet.com Trading Contest
- Price Flash: GBP/USD ticks into extreme overbought territory following the bullish MA's trigger 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 Strategy - South Africa: Buy USD/ZAR by Danske Bank A/S
Forex Trading Strategies - Strong ZEW Not Able To Push EUR Higher by Saxo Bank
FX Thoughts for the Day - FX Thoughts for the day - Evening - 22-May-2007....1213 GMT by Kshitij Consultancy Service
Currencies at a Glance
- EUR/USD
- Moves between yesterday low at 1.3436 and pivot level at 1.3478 on a narrow daily range
05/22/2007 16:47 GMT - GBP/USD
- Continues to move up above first resistant level at 1.9755
05/22/2007 16:48 GMT - USD/CHF
- Moves down below pivot level at 1.2297
05/22/2007 16:49 GMT - USD/JPY
- Moves up above opening price level at 121.46 , above pivot level at 121.34
05/22/2007 16:50 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 BANK OF ENGLAND MINUTES
| Date (GMT) | Event | Cons. | Previous | |
| May 23 | 08:30 | Bank of England Minutes | - | - |
Economic Data Roundup - United Kingdom: 23/5 Minutes of MPC meeting (9-10/5) by ODL Securities
Unlike the previous two, the latest quarter-point rise in interest rates had been fully expected. Central to the MPC’s decision was the belief that the risks to inflation over the medium term remained to the upside.
[ Full Story ]Top Market Movers Review
US TREASURY SECRETARY PAULSON MEETS WITH CHINESE OFFICIAL IN WASHINTONG
| Date (GMT) | Event | Actual | Cons. | Previous | |
| May 22 | 13:15 | Treasury Secretary Paulson Meets With Chinese Official in Washintong | - | - | - |
Daily Fx Strategy - FX Carry Trades Turn to SED Talks, Equity Risk by CMC Markets NY
The yuan closed at a record high against the dollar at 7.6547, rising 2% year to date, ahead of today’s meeting between US Treasury Secretary Henry Paulson with Chinese policy makers where the former will urge Beijing for faster currency reform.
[ Full Story ]- Read the Opening Statement by Paulson at May U.S.-China Strategic Economic Dialogue
- CURRENCIES: Dollar Little Changed; Yuan At New High As U.S.-China Talks Open (Dow Jones)
- U.S. looking to ease China trade tension (AFX News)
- U.S. and China must show dialogue to fight scepticism according to Tsy’s Paulson (FXstreet.com)
Mid-Day Forex Technical Report - Dollar Consolidates as Paulson Meets Chinese Officials by ActionForex.com
Economic Events
| Date (GMT) | Country | Event | Actual | Cons. | Previous | |
| May 22 | 01:30 | AU | New Motor Vehicle Sales (MoM) | -1.1% | 1.0% | |
| 05:00 | JP | BoJ Minutes | ||||
| 09:00 | EMU | Trade Balance s.a. | €7.4B | €0.5B | €0.6B |
|
| 09:00 | DE | ZEW Survey - Economic Sentiment | 24.0 | 22.0 | 16.5 | |
| 13:15 | US | Treasury Secretary Paulson Meets With Chinese Official in Washintong | ||||
| 23:50 | JP | All Industry Activity Index (MoM) (Mar) | -0.3% | 0.9% | ||
| 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% | ||
| 12:30 | CA | Leading Indicators (MoM) (Apr) | 0.4% | 0.4% | ||