Tuesday, May 13, 16:00 GMT
ASIA-PACIFIC Trading Newsletter
To Get Started
- Webinar videos: The Importance of Trend Lines in Forex and How To Use Them by Sam Seiden
- Live Charts Window: Enjoy 2h, 4h and 8h time frames
- Today's Technical Trading Points by Danske Bank A/S
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Live Sessions Schedule
FX Instructor Live Trading Room
Expert: Mark De La Paz
Start: Wed, May 14, 09:00 GMT
Sponsored by: 
Type of Session: Webinar
Dan Blystone's Daily Briefing
Expert: Dan Blystone
Start: Wed, May 14, 12:30 GMT
Type of Session: Webinar
| Sponsored by | ||||
| Tue, May 13, 16:00 GMT | Longer−term Support and Resistance Trading: Setups and Rules | Rob Booker | WBN |  |
| Tue, May 13, 17:00 GMT | Live Look at Today's Markets  | Derek Frey | WBN |  |
| Wed, May 14, 09:00 GMT | FX Instructor Live Trading Room | Mark De La Paz | WBN | |
| Wed, May 14, 10:00 GMT | Tracking the forex market together / Part I | Dr.S.Sivaraman | WBN | |
| Wed, May 14, 12:30 GMT | Dan Blystone's Daily Briefing | Dan Blystone | WBN | |
Current Session: U.S.
USD/JPY
Mid−Day Forex Technical Report − Dollar Boosted By Ex−Auto Retail Sales by ActionForex.com
USD/JPY's rebound from 102.58 extends further in US session and break of 104.10 resistance firstly indicates that fall from 150.70 has completed after drawing support from the short term rising channel. Secondly, while an intraday top is in place at 105.70, price actions from there is probably just consolidation to whole rise from 95.77 low only.
- 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:
FX Thoughts for the Day − FX Thoughts for the Day by Kshitij Consultancy Service
Currency Performance
Currency Performance Report − Europe Session Performance by FXstreet.com
Currencies at a Glance
- EUR/USD
- Trades below pivot level 1.5496
05/13/2008 15:30 GMT - GBP/USD
- Trades below first support level 1.9468
05/13/2008 15:30 GMT - USD/CHF
- Back around first resistant level 1.0493
05/13/2008 15:31 GMT - USD/JPY
- Moves up above first resistant level 104.32
05/13/2008 15:31 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
EMU INDUSTRIAL PRODUCTION S.A.
| Date (GMT) | Event | Cons. | Previous | |
| May 14 | 09:00 | Industrial Production s.a. (MoM) | - | 0.3% |
| May 14 | 09:00 | Industrial Production w.d.a. (YoY) | - | 3.1% |
Friday Notes - Banks tightening lending standards by HVB Group
After resilient figures for January and February, we expect EMU industrial production to have corrected in March. Moreover, surveys published recently suggest that the production trend may have entered a period of significantly slower growth.
[ Full Story ]Top Market Movers Review
US BUSINESS INVENTORIES
| Date (GMT) | Event | Actual | Cons. | Previous | |
| May 13 | 14:00 | Business Inventories | 0.1% | 0.5% | 0.5% |
US Business inventories increase below expectations in March on strong sales (FXstreet.com)
Business inventories have increased at a considerably slower than expected pace in March, as sales picked up strongly, according to data released by the US Commerce Department.
[ Full Story ]- Read the Business Inventories data at Census Bureau
- U.S. March business inventories up 0.1 pct vs 0.5 pct rise expected (Thomson Financial News)
- DATA SNAP: US Inventories Up Much Less Than Expected (Dow Jones)
- US Business Inventories edge up 0.1% in Mar; 0.5% expected (FXstreet.com)
US RETAIL SALES
| Date (GMT) | Event | Actual | Cons. | Previous | |
| May 13 | 12:30 | Retail Sales ex Autos (MoM) | 0.5% | 0.2% | 0.1% |
| May 13 | 12:30 | Retail Sales (MoM) | -0.2% | -0.2% | 0.2% |
DATA SNAP: US Apr Retail Sales Fall As Auto Sector Drags (Dow Jones)
U.S. retail sales fell during April, but the narrow decline was due to a plunge in the automobile industry and demand climbed in many sectors, a sign the economy might not be as weak as feared.
[ Full Story ]- Read the Retail Sales data at Census Bureau
- USD/JPY: US Dollar bounces on better than expected retail sales (ex autos) (FXstreet.com)
- U.S. April retail sales down 0.2 pct vs 0.1 pct fall expected UPDATE (Thomson Financial News)
- Forex − Dollar jumps higher on solid U.S retail sales, import prices data (Thomson Financial News)
Mid−Day Forex Technical Report − Dollar Boosted By Ex−Auto Retail Sales by ActionForex.com
Daily Analysis - Dollar is steady, waiting for Retail Sales data by Finotec Group Inc.
Wakeup Call on Forex Markets - Some Optimism Ahead of the Retail Sales by Saxo Bank
US IMPORT PRICE INDEX
| Date (GMT) | Event | Actual | Cons. | Previous | |
| May 13 | 12:30 | Import Price Index (MoM) | 1.8% | 1.6% | 2.9% |
| May 13 | 12:30 | Import Price Index (YoY) | 15.4% | 15.0% | 14.8% |
US import prices soar in April (FXstreet.com)
Import prices have risen sharply in April for the second consecutive month, as a weak dollar has added upward pressure on prices to US importers, according to data released by the US Commerce Department.
[ Full Story ]- Read the Import/Export Price Indexes data at Census Bureau
- Forex − Dollar jumps higher on solid U.S retail sales, import prices data (Thomson Financial News)
- U.S. April import prices rise 1.8 pct vs 1.7 pct increase expected (Thomson Financial News)
- CORRECT: US Export Prices +7.7% On Yr In Apr, Not +7.9% (Dow Jones)
The Week Ahead - Retail Sales, CPI, Import Prices and Consumer Confidence by BBVA Bancomer
Economic Events
| Date (GMT) | Country | Event | Actual | Cons. | Previous | |
| May 13 | 12:30 | US | Retail Sales (MoM) (Apr) | -0.2% | -0.2% | 0.2% |
| 14:00 | US | Business Inventories (Mar) | 0.1% | 0.5% | 0.5% |
|
| 21:00 | US | ABC Consumer Confidence (May 11) | -46 | |||
| 23:50 | JP | Adjusted Current Account (Apr) | ¥1959.7B | ¥1461.1B | ||
| 23:50 | JP | Domestic Corporate Goods Price Index (MoM) (Apr) | 0.5% | 0.5% | ||
| 23:50 | JP | Domestic Corporate Goods Price Index (YoY) (Apr) | 3.6% | 3.9% | ||
| 23:50 | JP | Trade Balance − BOP Basis (Mar) | ¥1233.0B | ¥1035.3B | ||