Thursday, May 15, 16:01 GMT
ASIA-PACIFIC Trading Newsletter
To Get Started
- Webinar videos: Advanced APF Methods To Determine The Price Momentum by Sunil Mangwani
- LIVE Free Access Day: Webinars for free from 10 to 17 GMT
- USD/JPY moves down after the release of Industrial Production
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Live Sessions Schedule
Live Look at Today's Markets − Free Access Day
Expert: Derek Frey
Start: Thu, May 15, 17:00 GMT
Sponsored by: 
Type of Session: Webinar
Dan Blystone's Daily Briefing
Expert: Dan Blystone
Start: Fri, May 16, 12:30 GMT
Type of Session: Webinar
| Sponsored by | ||||
| Thu, May 15, 16:00 GMT | Looking for opportunities in shorter term trading outlook − Free Access Day | Don Wilcox | WBN |  |
| Thu, May 15, 17:00 GMT | Live Look at Today's Markets − Free Access Day | Derek Frey | WBN | |
| Fri, May 16, 10:00 GMT | Advanced APF Methods To Determine The Price Momentum  | Sunil Mangwani | WBN |  |
| Fri, May 16, 11:00 GMT | FX Instructor Live Trading Room | Mark De La Paz | WBN |  |
| Fri, May 16, 12:30 GMT | Dan Blystone's Daily Briefing | Dan Blystone | WBN | |
Current Session: U.S.
GBP/USD
Mid−Day Forex Technical Report − USDJPY Soft after Weak US Data, EURUSD Rally Short Lived by ActionForex.com
Cable continues to engage in choppy sideway trading in tight range above 1.9363 today. Outlook remains unchanged. Downside momentum continues to diminish as seen in bullish convergence condition in 4 hours MACD and RSI. While further decline could be seen, downside is still expected to be contained by 1.9337 low and bring rebound.
- Dan Blystone's Daily Briefing at 12:30 GMT/08:30 EDT
- Using CCI and Stochastics For Long and Short Term Forex Trading by Sam Seiden, Stocks and Commodities Instructor
- 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:
Daily Technical Strategist − EURUSD: Risks Continue To Point Lower by FXTechstrategy
FX Analysts' Comments
FOREX Training Video | London Session May 15, 2008 by Wayne McDonell, FxBootcamp.com
Currencies at a Glance
- EUR/USD
- Continues to trade around opening price level 1.5473 , above pivot level 1.5451
05/15/2008 15:34 GMT - GBP/USD
- Moves up back towards first resistant level 1.9498
05/15/2008 15:35 GMT - USD/CHF
- Stays around pivot level 1.0551
05/15/2008 15:36 GMT - USD/JPY
- Moves down back towards first support level 104.60
05/15/2008 15:36 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 TRADE BALANCE S.A.
| Date (GMT) | Event | Cons. | Previous | |
| May 16 | 09:00 | Trade Balance s.a. | - | €2.1B |
| May 16 | 09:00 | Trade Balance n.s.a. | - | €0.8B |
EMU economic indicators - German GDP is expected to have soared in Q1 by BHF−Bank
March EMU industrial production is expected to have decreased somewhat, just like the average of the corresponding national figures. Following its usual seasonal pattern, the EMU trade balance will probably have improved in March.
[ Full Story ]Top Market Movers Review
US PHILADELPHIA FED MANUFACTURING SURVEY
| Date (GMT) | Event | Actual | Cons. | Previous | |
| May 15 | 14:00 | Philadelphia Fed Manufacturing Survey | -15.6 | -19.0 | -24.9 |
US Philadelphia Fed manufacturing index improves within weakness in May (FXstreet.com)
Manufacturing activity in the Philadelphia Fed area has improved in may from April, although it still remains in weak levels, manufacturers, however seem some more optimistic about the future, according to data released by the Philadelphia Fed.
[ Full Story ]- Read the Manufacturing Survey data at Philadelphia Fed
- US Philly Fed May manufacturing index rises to −15.6 vs −20.0 expected UPDATE (Thomson Financial News)
- UPDATE: DATA SNAP/Philadelphia Fed: May Sees Improvement (Dow Jones)
- US Philly Fed May manufacturing index rises to −15.6 vs −20.0 expected (Thomson Financial News)
The Week Ahead - Empire State & Philadelphia Indices by BBVA Bancomer
US INDUSTRIAL PRODUCTION
| Date (GMT) | Event | Actual | Cons. | Previous | |
| May 15 | 13:15 | Industrial Production (MoM) | -0.7% | -0.3% | 0.2% |
| May 15 | 13:15 | Capacity Utilization | 79.7% | 80.1% | 80.4% |
DATA SNAP: US Apr Industrial Production −0.7%; Cap Use 79.7% (Dow Jones)
U.S. industrial production plunged in April, suffering a broad decline in output ranging from cars to furniture and business equipment. Industrial production decreased 0.7%, following a revised 0.2% climb in March, the Federal Reserve said Thursday.
[ Full Story ]- Read the Industrial Production data at the Federal Reserve
- Industrial output plunges, second big drop in 2 months (Thomson Financial News)
- US April industrial production falls 0.7 pct, capacity utilization 79.7 pct (Thomson Financial News)
- US Industrial production declined more than expected in April (FXstreet.com)
US economic indicators - Industrial production could have declined in April, given the drop in working hours by BHF−Bank
US NY EMPIRE STATE MANUFACTURING INDEX
| Date (GMT) | Event | Actual | Cons. | Previous | |
| May 15 | 12:30 | NY Empire State Manufacturing Index | -3.23 | 0.00 | 0.63 |
UPDATE: NY Fed's May Mfg Index −3.23 Vs 0.63 In Apr (Dow Jones)
Manufacturing activity in New York State deteriorated slightly in May, with the general business conditions index falling back below zero and new orders remaining close to zero, the Federal Reserve Bank of New York said Thursday.
[ Full Story ]- Read the Manufacturing Index data at NY Fed
- US May Empire State Manufacturing Index falls to −3.23 vs no change expected (Thomson Financial News)
- US NY Empire State Manufacturing Index deteriorates in May (FXstreet.com)
- US NY Empire State Manufacturing Index declines to −3.23 in May from 0.63 in Apr (FXstreet.com)
The Week Ahead - Empire State & Philadelphia Indices by BBVA Bancomer
Economic Events
| Date (GMT) | Country | Event | Actual | Cons. | Previous | |
| May 15 | 13:30 | US | Fed's Bernanke Speech | |||
| 14:00 | US | Philadelphia Fed Manufacturing Survey (May) | -15.6 | -19.0 | -24.9 | |
| 17:00 | US | NAHB Housing Market Index (May) | 20 | 20 | ||
| 22:45 | NZ | Producer Price Index − Input (QoQ) (1Q) | 1.1% | 1.3% | ||
| 22:45 | NZ | Producer Price Index − Output (QoQ) (1Q) | 1.3% | 1.5% | ||
| 23:50 | JP | Gross Domestic Product (QoQ) (1Q)  | 0.6% | 0.9% | ||
| 23:50 | JP | Gross Domestic Product Annualized (1Q) | 2.5% | 3.5% | ||