Monday, May 12, 16:16 GMT
ASIA-PACIFIC Trading Newsletter
To Get Started
- Webinar videos: Day Trading Series - Chapter VI: Tips and Tricks for Successful Day Trading by Markus Heitkoetter
- Advanced FX Charts: Over 1,500 pairs by FXstreet.com
- FX trader of the year: Contest Ranking 10th week
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Live Sessions Schedule
Longer−term Support and Resistance Trading: Setups and Rules
Expert: Rob Booker
Start: Tue, May 13, 16:00 GMT
Type of Session: Webinar
FX Instructor Live Trading Room
Expert: Mark De La Paz
Start: Wed, May 14, 09:00 GMT
Sponsored by: 
Type of Session: Webinar
| Sponsored by | ||||
| Mon, May 12, 16:00 GMT | Weekly Webinar: 1st on Forex − The Week Ahead | Jerry Furst | WBN |  |
| Tue, May 13, 08:00 GMT | Outlook for the major currencies this week | Ian Copsey | WBN |  |
| Tue, May 13, 11:00 GMT | FX Instructor Live Trading Room  | Mark De La Paz | WBN | |
| Tue, May 13, 12:30 GMT | Dan Blystone's Daily Briefing | Dan Blystone | WBN |  |
| Tue, May 13, 14:00 GMT | The Weather Report: Ichimoku Cloud Trading | Chris Capre | WBN | |
Current Session: U.S.
EUR/USD
Mid−Day Forex Technical Report − Sterling Rounds on Record Producer Price Inflation by ActionForex.com
The British Pound stages a strong rebound across the board today after strong producer price inflation data prompted further speculation that BoE won't speed up the pace of policy easing. PPI input accelerated sharply to 23.3% yoy in Apr, beating expectation of 21.5% and was the highest reading since the series began in 1986. Output PPI climbed from 6.2% yoy to 7.5%, above expectation of 6.4%. Core PPI was also up from 3.0% to 4.5% versus consensus of 3.2%. The acceleration in upstream inflation is expected to be passed on to consumers which could be seen in tomorrow's CPI report from UK.
- Raghee Horner's Four Step Trading: Forex by Raghee Horner, co−Founder and Lead Trader Raghee.com
- Check out how pairs moved: Live Currency Rates & Charts
- Follow up the most relevant Economic Data in the new Real Time Economic Calendar
Other Topics for this Session:
Technical Summary for Majors by Windsor Brokers Ltd
Currency Performance
Currency Performance Report − Europe Session Performance by FXstreet.com
Currencies at a Glance
- EUR/USD
- Continues to move up towards second resistant level 1.5549
05/12/2008 16:13 GMT - GBP/USD
- Continues to move up above second resistant level 1.9623
05/12/2008 16:13 GMT - USD/CHF
- Moves down back below pivot level 1.0437
05/12/2008 16:13 GMT - USD/JPY
- Trades around first resistant level 103.75
05/12/2008 16:13 GMT
Analyst Sentiment Index (ASI)
Analysts Sentiment Index - EUR/USD
**Source : ActionForex.com, CMS Forex, Danske Bank A/S, FXstreet.com, Global Forex Trading, Mizuho Corporate Bank
[ View ASI page ] [ View EUR/USD page ]
Charting the Market Movers
GBP USD, Hourly
EUR USD, Hourly
Top Market Movers Preview
US MONTHLY BUDGET STATEMENT
| Date (GMT) | Event | Cons. | Previous | |
| May 12 | 18:00 | Monthly Budget Statement | - | -48.1B |
HIGHLIGHTS Outlook of US economic indicators to be released in the coming week (Thomson Financial News)
The week will begin with the release of the US budget, which for April is expected to be in surplus of 160.0 bln usd, down from 177.7 bln usd in March. "Despite a weakening economy we expect the impact of earlier filing by taxpayers expecting a refund and a still healthy economy in 2007 should be enough to allow the Treasury to post a budget surplus of at least 150 bln usd in April," said economists from Lehman Brothers.
[ Full Story ]Top Market Movers Review
Canada NEW HOUSING PRICE INDEX
| Date (GMT) | Event | Actual | Cons. | Previous | |
| May 12 | 12:30 | New Housing Price Index (YoY) | 6.1% | - | 6.2% |
Canada − New Housing Price Index slowed for a second consecutive month in March (FXstreet.com)
The new housing price index reduces its growth pace in March again from February YoY pace, according to data released by Statistics Canada.
[ Full Story ]- Read the New Housing Price Index data at Statistics Canada
- Canada Morning: C$ Flat As Range Trade Paralysis Continues (Dow Jones)
- Canada New Housing Price Index rises 6.1% in Mar from 6.2% in Feb (FXstreet.com)
Economic Events
| Date (GMT) | Country | Event | Actual | Cons. | Previous | |
| May 12 | 00:00 | DE | Whit Monday Market Holiday | |||
| 12:30 | CA | New Housing Price Index (YoY) (Mar) | 6.1% | 6.2% | ||
| 18:00 | US | Monthly Budget Statement (Apr) | -48.1B | |||
| 22:45 | NZ | Food Price Index (MoM) (Apr) | 0.7% | |||
| 23:01 | UK | BRC Retail Sales Monitor − All (YoY) (Apr) | -1.6% | |||
| 23:01 | UK | RICS House Price Balance (Apr) | -80.0% | -78.5% | ||
| May 13 | 01:30 | AU | National Australia Bank's Business Confidence(QoQ) (1Q) | -4 | ||