Thursday, May 31, 16:54 GMT
ASIA-PACIFIC Trading Newsletter
To Get Started
- The Advisor Weblog: Are you ready?
- Forex Trader of the Year 2007 Contest Offering $500,000 prizes
- SPECIAL EVENT: Trade Non-Farm Payrolls LIVE with Wayne McDonell
- 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
24 hour Outlook
Expert: John Putman
Start: Thu, May 31, 17:00 GMT
Sponsored by: 
Type of Session: Webinar
SPECIAL EVENT: Trade Non-Farm Payrolls LIVE
Expert: Wayne McDonell
Start: Fri, Jun 1, 12:00 GMT
Sponsored by: 
Type of Session: Webinar
| Sponsored By: | ||||
| Thu, May 31, 17:00 GMT | 24 hour Outlook | John Putman | WBN | |
| Thu, May 31, 21:00 GMT | FX Daily Wrap Up  | Derek Frey | WBN |  |
| Fri, Jun 1, 12:00 GMT | SPECIAL EVENT: Trade Non-Farm Payrolls LIVE | Wayne McDonell | WBN | |
| Fri, Jun 1, 14:00 GMT | Live Trading with the FX Advisor | Tony Juste | WBN | |
| Mon, Jun 4, 10:00 GMT | What moves currencies? | Tony Juste | WBN | |
Current Session: U.S.
USD/JPY
Mid-Day Forex Technical Report - Dollar Still in Range after Mixed Data, Edges Higher against Yen by ActionForex.com
USD/JPY finally breaks out of recent range and takes out 121.87 resistance. Further rise is now expected to be seen towards 122.17 resistance. However, as discussed before, upside momentum is seen diminishing as displayed in bearish divergence conditions in 4 hours MACD and RSI.
- Looking for the Trader of the Year 2007: Take part in the 1st FXstreet.com Trading Contest
- Brief Intraday Market Commentary 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:
Forex Trading Strategies - Waiting for US non-farm payrolls friday by Saxo Bank
Forex Technical Report - Forex Technical Report USD/CHF by iFOREX.bg
Daily Trading Strategy - We are near a turn point by ForexYard
Currencies at a Glance
- EUR/USD
- Back below first resistant level 1.3455 toward pivot level 1.3430
05/31/2007 16:30 GMT - GBP/USD
- Moves down below first resistant level 1.9814 after hit it
05/31/2007 16:30 GMT - USD/CHF
- Bounced at first support level 1.2234 , back around pivot level 1.2256
05/31/2007 16:30 GMT - USD/JPY
- Trades slightly below first resistant level 121.83
05/31/2007 16:30 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 RETAIL SALES
| Date (GMT) | Event | Cons. | Previous | |
| Jun 1 | 06:00 | Retail Sales (YoY) | -0.8% | 0.5% |
| Jun 1 | 06:00 | Retail Sales (MoM) | 1.0% | -0.4% |
Friday Notes - Risk of rising inflation expectations by HVB Group
The recently positive reports from the retail sector suggest retail sales ex autos and gasoline recovered further at the beginning of the second quarter. New car registrations were, in contrast, disappointing in April based on preliminary numbers.
[ Full Story ]Top Market Movers Review
US CHICAGO PURCHASING MANAGERS' INDEX
| Date (GMT) | Event | Actual | Cons. | Previous | |
| May 31 | 13:45 | Chicago Purchasing Managers' Index | 61.7% | 54.3% | 52.9% |
Chicago PMI Exceeds Expectations In May, Sign Of Econ Growth (Dow Jones)
Manufacturing activity in the heavily industrialized Chicago area picked up significantly in May, a sign that the U.S. economy is gaining strength after sluggish first-quarter growth. The National Association of Purchasing Management-Chicago said Thursday that its manufacturing index rose to 61.7 in May, from 52.9 in April.
[ Full Story ]- Read the Chicago Business Barometer at Kingsbury International
- Table Of Data From US Chicago Purchasing Managers' Report (Dow Jones)
- U.S. Chicago PMI soars in May (FXstreet.com)
- US May Chicago Purchasing Managers' Index, up to 61.7 from 52.9 in April (FXstreet.com)
U.S Market Update - Treasury Market Preview by Trade The News
US GROSS DOMESTIC PRODUCT ANNUALIZED
| Date (GMT) | Event | Actual | Cons. | Previous | |
| May 31 | 12:30 | Gross Domestic Product Annualized | 0.6% | 0.8% | 1.3% |
US Q1 GDP revised lower to 0.6 pct rise, core PCE price index up 2.2 pct (AFX News)
The US economy slowed down more dramatically than previously thought in the first three months of the year as official figures showed it growing at its slowest annual pace in more than four years, even though consumers spent at their fastest rate in a year. The Commerce Department now estimates that the economy grew at a 0.6 pct annualised rate between January and March, down from the 1.3 pct gain estimated a month ago.
[ Full Story ]- Read the Gross Domestic Product and Corporate Profits data at Commerce Department
- Dollar Slips Vs Euro After US GDP Data Disappoint (Dow Jones)
- U.S. GDP revised sharply low (FXstreet.com)
- US Gross Domestic Product Annualized down to 0.6% in 1Q from 1.3% (FXstreet.com)
The Week Ahead - Consumer Confidence, FOMC Minutes, GDP, NFP, Manufacturing ISM and PCE by BBVA Bancomer
Economic Events
| Date (GMT) | Country | Event | Actual | Cons. | Previous | |
| May 31 | 12:30 | CA | Gross Domestic Product (MoM) (Mar) | 0.3% | 0.5% | 0.4% |
| 12:30 | US | Gross Domestic Product Annualized (1Q)  | 0.6% | 0.8% | 1.3% | |
| 12:30 | CA | Gross Domestic Product Deflator (1Q) | 5.0% | 1.3% | ||
| 12:30 | US | Initial Jobless Claims (May 26) | 310K | 310 | 311K | |
| 12:30 | US | Personal Consumption Expenditures - Prices Index | 3.3% | 3.4% | ||
| 13:45 | US | Chicago Purchasing Managers' Index (May) | 61.7% | 54.3% | 52.9% | |
| 14:00 | US | Housing Price Index | 0.5% | 0.5% | 1.1% | |
| 14:30 | US | EIA Crude Oil Stocks (May 25) | -2M | 2M | ||
| Jun 1 | 05:45 | CH | Consumer Price Index (YoY) (May) | 0.5% | 0.5% | |
| 06:00 | DE | Retail Sales (MoM) (Apr) | 1.0% | -0.4% | ||