Wednesday, May 23, 16:47 GMT
ASIA-PACIFIC Trading Newsletter
To Get Started
- The Advisor Weblog: Dark Clouds for the USD
- 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
MONTHLY WEBINAR: Join Raghee Horner as she walks you through her Four Step Trading approach - PART I
Expert: Raghee Horner
Start: Thu, May 24, 13:00 GMT
Sponsored by: 
Type of Session: Webinar
What moves currencies? - Closing the week
Expert: Tony Juste
Start: Fri, May 25, 10:00 GMT
Sponsored by: 
Type of Session: Webinar
| Sponsored By: | ||||
| Wed, May 23, 16:00 GMT | How do identify true support and resistance levels with live data | Sam Seiden | WBN | |
| Wed, May 23, 17:00 GMT | 24 hour Outlook  | John Putman | WBN | |
| Wed, May 23, 21:00 GMT | FX Daily Wrap Up | Derek Frey | WBN |  |
| Thu, May 24, 13:00 GMT | MONTHLY WEBINAR: Join Raghee Horner as she walks you through her Four Step Trading approach - PART I | Raghee Horner | WBN | |
| Fri, May 25, 10:00 GMT | What moves currencies? - Closing the week | Tony Juste | WBN | |
Current Session: U.S.
EUR/USD
Daily Forex Forecast - EUR/USD has rebounded directly towards 1.3500 by FXDream
EUR/USD has rebounded directly towards 1.3500 after test of 1.3410 crucial Support earlier today as it was suggested.The bias remains bearish as long as price is below 1.3520-24 crucial Resistance area for retest of 1.3410 bottom and further downmove towards 1.3370 in mid term.
- Looking for the Trader of the Year 2007: Take part in the 1st FXstreet.com Trading Contest
- EUR/USD Watch (IV) 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 - GBP/USD: Confidence level; changed from low to high by Karoll
Mid-Day Forex Technical Report - Sterling Rebounds after Hawkish MPC Minutes, Dollar Loses Steam by ActionForex.com
Daily Trading Strategy - The Pound was cleared for takeoff by MVDForex
Currencies at a Glance
- EUR/USD
- Stays below second resistant level at 1.3491 after bounced at third resistant level 1.3506
05/23/2007 16:44 GMT - GBP/USD
- Trades above last week high at 1.9873 , above third resistant level at 1.9843
05/23/2007 16:44 GMT - USD/CHF
- Continues to trade above second support level at 1.2254
05/23/2007 16:44 GMT - USD/JPY
- Back around opening price level at 121.55 , above pivot level at 121.45
05/23/2007 16:44 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
New Zealand TRADE BALANCE
| Date (GMT) | Event | Cons. | Previous | |
| May 23 | 22:45 | Trade Balance | - | 0.061B |
Weekly Commentary - Give and take by Westpac Institutional Bank
Export earnings in the dairy industry will continue to run hot, but other export sectors will be more subdued. Overall, exports of $3.15bn would be a good result for April. Imports will remain very strong on the back of rampant consumption.
[ Full Story ]Top Market Movers Review
Canada LEADING INDICATORS
| Date (GMT) | Event | Actual | Cons. | Previous | |
| May 23 | 12:30 | Leading Indicators (MoM) | 0.4% | 0.4% | 0.4% |
Canada leading Indicators; 0.4% up, as expected (FXstreet.com)
The Leading Indicator index has Increased 0.4% in April, the same increase as the one posted in March, coincident with the 2006 average growth, according to data by Statscan, the Canadian Statistics Office. Household spending has slowed from the “torrid†growing pace of previous months while the manufacturing sector continues recovering from a prolonged slump.
[ Full Story ]- Read the Leading indicators, April 2007 at Statistics Canada
- Canada Leading Indicators rise 0.4% in Apr from March (FXstreet.com)
Technical Analysis Special - CAD by Mizuho Corporate Bank
Economic Events
| Date (GMT) | Country | Event | Actual | Cons. | Previous | |
| May 23 | 08:30 | UK | Bank of England Minutes | |||
| 09:00 | EMU | Industrial New Orders (YoY) | 8.0% | 5.9% | 4.7% | |
| 09:00 | EMU | Industrial New Orders s.a. (MoM) | 2.7% | 1.0% | -0.6% |
|
| 12:30 | CA | Leading Indicators (MoM) (Apr) | 0.4% | 0.4% | 0.4% | |
| 14:30 | US | EIA Crude Oil Stocks (May 18) | 2M | 1M | ||
| 15:45 | US | Treasury Secretary Paulson Meets With Chinese Official in Washintong | ||||
| 22:45 | NZ | Trade Balance (Apr) | 0.061B | |||
| 23:50 | JP | Merchandise Trade Balance Total (Apr) | ¥977.0B | ¥1630.1B | ||
| May 24 | 06:00 | DE | Gross Domestic Product (QoQ) (1Q) | 0.5% | 1.0% | |
| 06:00 | DE | Gross Domestic Product w.d.a (YoY) (1Q) | 3.6% | 3.6% | ||