Thursday, May 24, 17:01 GMT
ASIA-PACIFIC Trading Newsletter
To Get Started
- The Advisor Weblog: More than just a recovery?
- Forex Trader of the Year 2007 Contest Offering $500,000 prizes
- Check out all our Delivery Options
- The Signals Tracker: track down the performance of a particular signal provider
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Live Sessions Schedule
Live Trading with the FX Advisor
Expert: Tony Juste
Start: Fri, May 25, 14:00 GMT
Sponsored by: 
Type of Session: Webinar
Weekly Webinar: 1st on Forex - The Week Ahead
Expert: Jerry Furst
Start: Mon, May 28, 11:00 GMT
Sponsored by: 
Type of Session: Webinar
| Sponsored By: | ||||
| Fri, May 25, 10:00 GMT | What moves currencies? - Closing the week | Tony Juste | WBN | |
| Fri, May 25, 14:00 GMT | Live Trading with the FX Advisor | Tony Juste | WBN | |
| Fri, May 25, 17:00 GMT | 24 hour Outlook  | John Putman | WBN | |
| Mon, May 28, 11:00 GMT | Weekly Webinar: 1st on Forex - The Week Ahead | Jerry Furst | WBN | |
| Mon, May 28, 12:00 GMT | US Pre-Market Open | Ed Ponsi | WBN |  |
Current Session: U.S.
GBP/USD
Mid-Day Forex Technical Report - Dollar Firmer after New Home Sales by ActionForex.com
USD/CHF rebounds further in early US session after retreat from 1.2331 was supported by 4 hours 55 EMA. At this point, intraday bias will stay on the upside as long as USD/CHF stays above 1.2263 minor support and retest of 1.2331 high should be seen.
- Looking for the Trader of the Year 2007: Take part in the 1st FXstreet.com Trading Contest
- Read the latest technical comments in Tony Juste's Weblog
- 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:
Weekly Update - USD – The greenback’s meandering price action was contained within fairly tight ranges by Union Bank of California
FX Thoughts for the Day - FX Thoughts for the day - Evening - 24-May-2007....1225 GMT by Kshitij Consultancy Service
Forex Technical Report - Forex Technical Report USD/JPY by iFOREX.bg
Currencies at a Glance
- EUR/USD
- Moving down toward first support level at 1.3416 after US Home Sales news
05/24/2007 14:32 GMT - GBP/USD
- Moves down toward pivot level at 1.9825 after US Home Sales news
05/24/2007 14:32 GMT - USD/CHF
- Moves up above first resistant level at 1.2312
05/24/2007 14:32 GMT - USD/JPY
- Moves up above pivot level at 121.61
05/24/2007 14:32 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 GFK CONSUMER CONFIDENCE SURVEY
| Date (GMT) | Event | Cons. | Previous | |
| May 25 | 06:10 | Gfk Consumer Confidence Survey | 6.0 | 5.5 |
Friday Notes - EMU Growth - As good as it gets by HVB Group
The good labor market development and the solid wage agreements should continue to support income expectations following the recent strong increase. And the willingness-to-buy component should continue its recovery since the slump immediately after the VAT increase.As a result, we also expect a further increase in the consumer climate in May.
[ Full Story ]Top Market Movers Review
US NEW HOME SALES
| Date (GMT) | Event | Actual | Cons. | Previous | |
| May 24 | 14:00 | New Home Sales (MoM) | 16.2% | 0.2% | 2.6% |
| May 24 | 14:00 | New Home Sales | 981K | 860K | 844K |
DATA SNAP: US Apr Home Sales Rise Far More Than Expected (Dow Jones)
New-home sales soared in April, an unexpected surge marking the biggest climb in 14 years, according to a report that showed declining inventories and signaled hope for the long-suffering housing sector.
[ Full Story ]- Read the New residential sales in March 2007 at Commerce Department
- US April new home sales rise 16 pct to 981,000 annual rate UPDATE (AFX News)
- Table Of Data On New Home Sales From Commerce (Dow Jones)
- U.S. New Home Sales soar in April (FXstreet.com)
The Week Ahead - Durable Goods Orders, New and Existing Home Sales by BBVA Bancomer
U.S: Are house prices bound to adjust further? by BBVA Bancomer
US DURABLE GOODS ORDERS
| Date (GMT) | Event | Actual | Cons. | Previous | |
| May 24 | 12:30 | Durable Goods Orders | 0.6% | 0.9% | 4.3% |
DATA SNAP: Durable Goods Orders Below Expectations (Dow Jones)
Demand for expensive goods rose mildly in April, according to a government report Thursday that also showed capital spending by businesses grew again. Orders for durable goods increased by 0.6% last month to a seasonally adjusted $217.86 billion, the Commerce Department said.
[ Full Story ]- Read the advance report on manufacturers' shipments, inventories, and orders at Commerce Department
- CURRENCIES: Dollar Mixed After Durable Goods; Yen Rises Amid Risk Aversion (Dow Jones)
- Dollar Rises A Bit Vs Euro After US Data (Dow Jones)
- US April durable goods orders up 0.6 pct vs 0.4 pct expected (AFX News)
US economic indicators - Durable goods orders are expected to have risen again in April by BHF-Bank
The Week Ahead - Durable Goods Orders, New and Existing Home Sales by BBVA Bancomer
Economic Events
| Date (GMT) | Country | Event | Actual | Cons. | Previous | |
| May 24 | 07:15 | CH | Employment Level (YoY) (1Q) | 1.8% | 1.6% | |
| 08:00 | DE | IFO - Business Climate (May) | 108.6 | 108.9 | 108.6 | |
| 10:00 | UK | CBI Industrial Trends Survey - Total Orders (May) | 5% | 3% | 2% | |
| 12:30 | US | Durable Goods Orders (Apr) | 0.6% | 0.9% | 4.3% | |
| 12:30 | US | Durable Goods Orders ex Transportation (Apr) | 1.5% | 0.6% | 1.3% | |
| 12:30 | US | Initial Jobless Claims (May 19) | 311K | 300 | 296K |
|
| 14:00 | US | New Home Sales (Apr) | 981K | 860K | 844K |
|
| 14:00 | US | New Home Sales (MoM) (Apr) | 16.2% | 0.2% | 2.6% | |
| 23:30 | JP | National Consumer Price Index (YoY) (Apr) | 0% | -0.1% | ||
| 23:30 | JP | Tokyo Consumer Price Index (YoY) (May) | 0.2% | 0.2% | ||