Tuesday, May 29, 16:52 GMT
ASIA-PACIFIC Trading Newsletter
To Get Started
- The Advisor Weblog: Pressure on the ECB?
- Forex Trader of the Year 2007 Contest Offering $500,000 prizes
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- The Signals Tracker: track down the performance of a particular signal provider
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Live Sessions Schedule
What moves currencies?
Expert: Tony Juste
Start: Wed, May 30, 10:00 GMT
Sponsored by: 
Type of Session: Webinar
Re-examining profit/loss ratios
Expert: Grace Cheng
Start: Wed, May 30, 14:00 GMT
Sponsored by: 
Type of Session: Webinar
| Sponsored By: | ||||
| Tue, May 29, 17:00 GMT | 24 hour Outlook  | John Putman | WBN | |
| Tue, May 29, 21:00 GMT | FX Daily Wrap Up | Derek Frey | WBN |  |
| Wed, May 30, 10:00 GMT | What moves currencies? | Tony Juste | WBN | |
| Wed, May 30, 12:00 GMT | US Pre-Market Open | Ed Ponsi | WBN | |
| Wed, May 30, 13:20 GMT | US Session Open | Ed Ponsi | WBN | |
Current Session: U.S.
EUR/USD
Mid-Day Forex Technical Report - Euro Rebounds, Canadian Dollar Surges on Rate Talk by ActionForex.com
EUR/USD rebounds strongly to as high as 1.3519 today. As discussed before, with 1.3364 cluster support (38.2% retracement of 1.2865 to 1.3681 at 1.3369) remains intact, it's still unclear whether fall from 1.3681 is merely a correction to rise from 1.2865 or the start of a deeper decline. Break of 1.3501 resistance, with bullish convergence condition in 4 hours MACD and RSI, is arguing that the fall from 1.3681 is corrective and has completed with three waves to 1.3411 already.
- Looking for the Trader of the Year 2007: Take part in the 1st FXstreet.com Trading Contest
- Trade Alert (intraday): EUR/USD (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:
EUR/USD Briefing - EUR/USD looking to go UP by Nexum Capital Markets
Daily Forex Forecast - Daily Forex Forecast by FXDream
Daily Trading Strategy - Watch the JPY by MVDForex
Currencies at a Glance
- EUR/USD
- Continues to move down below 1.3480 after US Consumer Confidence news
05/29/2007 16:44 GMT - GBP/USD
- Continues to move down below yesterday low at 1.9824 after US Consumer Confidence news
05/29/2007 16:44 GMT - USD/CHF
- Floating around 1.2225 after bounced at 1.2200
05/29/2007 16:44 GMT - USD/JPY
- Moves up above pivot level at 121.71 after US Consumer Confidence news
05/29/2007 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
Japan INDUSTRIAL PRODUCTION
| Date (GMT) | Event | Cons. | Previous | |
| May 29 | 23:50 | Industrial Production (YoY) | 2.8% | 2.0% |
| May 29 | 23:50 | Industrial Production (MoM) | 0.5% | -0.3% |
Daily Market Report - Data released last night in Japan were mildly encouraging. by Wachovia Corporation Economics Group
The yen could rise further if Japanese industrial production data for April, which will be released this evening, are also stronger than expected.
[ Full Story ]- Tony Juste, FX Advisor at FXstreet.com: "After the MoF comments that the solid and rapid growth in CPI and the robust tone in the economy would make the BoJ to take strong action soon, the industrial data is a good measure to check the pace of the economy in a broad basis, as it is one of the pillars of the Japanese economy. A reading above expectations should be very positive for the Yen short/mid term, and anything above 0.3-0.4%, ie, back to positive, should be a good sign of a solid tone in
Top Market Movers Review
Germany CONSUMER PRICE INDEX
| Date (GMT) | Event | Actual | Cons. | Previous | |
| May 29 | 15:45 | Consumer Price Index (MoM) | 0.2% | 0.2% | 0.4% |
German May preliminary CPI up 0.2 pct vs April, up 1.9 pct yr-on-yr (AFX News)
Consumer prices in Germany rose 0.2 pct in May from April and were up 1.9 pct from a year earlier, according to preliminary data from the Federal Statistics Office.
[ Full Story ]- Read the Official Data at Destatis.de
- DATA SNAP: Germany Prelim May CPI +0.2% On Mo, +1.9% On Yr (Dow Jones)
EMU economic indicators - Inflation in Germany is likely to remain unchanged at 1.9% yoy in May by BHF-Bank
US CONSUMER CONFIDENCE
| Date (GMT) | Event | Actual | Cons. | Previous | |
| May 29 | 14:00 | Consumer Confidence | 108.0 | 104.5 | 106.3 |
U.S. Consumer Confidence increases larger than expected (FXstreet.com)
Consumer Confidence has grown larger than expected in May from upwardly revised April figures, thanks to the consumer’s optimism about the current economic conditions, according to the latest report by the Conference Board. The Conference Board’s consumer confidence index has grown to 108.0 in May from 106.3 in April, upwardly revised from the initial 104.5.
[ Full Story ]- Read the report: The Conference Board Consumer Confidence Index Improves
- US May consumer confidence index up to 108.0 vs 104.8 expected (AFX News)
- DATA SNAP: US Conference Board May Consumer Confidence Rises-2- (Dow Jones)
- Consumer confidence rebounds in May (AFX News)
Daily Forex Technical Report - Yen Rebounds on Solid Data, US Consumer Confidence to Improve by ActionForex.com
US economic indicators - May consumer confidence indices probably lower than consensus expectations by BHF-Bank
Economic Events
| Date (GMT) | Country | Event | Actual | Cons. | Previous | |
| May 29 | 06:15 | CH | Trade Balance | 0.627M | 0.850B | 0.720B |
| 08:00 | EMU | Current Account | 5.4B | -5.3B | -3.7B |
|
| 13:00 | CA | BoC Interest Rate Announcement | 4.25% | 4.25% | 4.25% | |
| 14:00 | US | Consumer Confidence (May) | 108.0 | 104.5 | 106.3 |
|
| 15:45 | DE | Consumer Price Index (MoM) | 0.2% | 0.2% | 0.4% | |
| 15:45 | DE | Consumer Price Index (YoY) | 1.9% | 1.9% | 1.9% | |
| 23:50 | JP | Industrial Production (MoM) | 0.5% | -0.3% | ||
| 23:50 | JP | Industrial Production (YoY) (Mar) | 2.8% | 2.0% | ||
| May 30 | 01:30 | AU | Construction Work Done | 1.2% | 1.0% | |
| 01:30 | AU | Retail Sales (MoM) | 0.5% | 1.1% | ||