Friday, May 16, 15:52 GMT
ASIA-PACIFIC Trading Newsletter
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Live Sessions Schedule
Derek Frey's Outlook
Expert: Derek Frey
Start: Mon, May 19, 14:00 GMT
Sponsored by: 
Type of Session: Webinar
Advanced Methods for Finding Dominant Trends in Forex Markets
Expert: Steve Primo
Start: Mon, May 19, 15:00 GMT
Type of Session: Webinar
| Sponsored by | ||||
| Mon, May 19, 10:00 GMT | Understand & Use Fibonacci Ratio's Effectively | Sunil Mangwani | WBN |  |
| Mon, May 19, 12:00 GMT | US Pre−Market Open  | Ed Ponsi | WBN |  |
| Mon, May 19, 12:30 GMT | Dan Blystone's Daily Briefing | Dan Blystone | WBN | |
| Mon, May 19, 13:30 GMT | US Session Open | Ed Ponsi | WBN | |
| Mon, May 19, 14:00 GMT | Derek Frey's Outlook | Derek Frey | WBN | |
Current Session: U.S.
AUD/USD
Mid−Day Forex Technical Report − Dollar Indifferent to Housing Rebound, Aussie Surges with Gold by ActionForex.com
AUD/USD's rally extends strongly today. Break of 0.9505 resistance reaffirms the case that price actions from 0.9505 to 0.9291, though deep, was just correction to rally from 0.9275 only. On the other hand, correction from 0.9541 should have completed at 0.9275 already and rise from there should present resumption of rally from 0.8953.
- 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
Weekly Analysis
Chart of the Week − The Cable Turns Up? by FXstreet.com
Currency Performance
Currency Technical Report − Technical Market View by FXGreece
Currencies at a Glance
- EUR/USD
- Moves up towards second resistant level 1.5598
05/16/2008 15:36 GMT - GBP/USD
- Moves up above second resistant level 1.9553
05/16/2008 15:37 GMT - USD/CHF
- Moves down below second support level 1.0442
05/16/2008 15:37 GMT - USD/JPY
- Moves down towards third support level 103.48
05/16/2008 15:38 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 LEADING INDICATORS
| Date (GMT) | Event | Cons. | Previous | |
| May 19 | 14:00 | Leading Indicators (MoM) | - | 0.1% |
Friday Notes - US Index of leading indicators: Data point to sluggish US economy by HVB Group
Available data for April are mixed. Two of the most important components, hours worked in manufacturing and initial claims for unemployment compensation, were strongly negative in April. Consumer expectations were also weaker. However, the stock market and money supply did better, while the yield curve steepened.
[ Full Story ]Top Market Movers Review
US REUTERS/MICHIGAN CONSUMER SENTIMENT INDEX
| Date (GMT) | Event | Actual | Cons. | Previous | |
| May 16 | 14:00 | Reuters/Michigan Consumer Sentiment Index | 59.5 | 62.5 | 62.6 |
Reuters/Univ Michigan Mid−May Sent Lowest Since June 1980 (Dow Jones)
Consumers' attitude on the economy soured to its weakest level since June 1980, as of the middle of May.
[ Full Story ]- Read the Consumer Sentiment Index data at Reuters
- Forex − Dollar dented by weak data (Thomson Financial News)
- US early May Reuters/Michigan consumer sentiment falls to 59.5 UPDATE (Thomson Financial News)
- US Reuters/Michigan Consumer Sentiment Index falls to 59.5 in May vs 62.6 in Apr (FXstreet.com)
US HOUSING STARTS
| Date (GMT) | Event | Actual | Cons. | Previous | |
| May 16 | 12:30 | Building Permits (MoM) | 978K | 910K | 932K |
| May 16 | 12:30 | Housing Starts (YoY) | 1.032M | 935.000K | 0.954M |
US housing starts improve considerably in April (FXstreet.com)
The situation of the US housing market seems to have improved somewhat in April, as both housing starts and building permits have shown considerable pick ups on the month, according to data released by the US Commerce Department.
[ Full Story ]- Read the Housing data at Census Bureau
- US April housing starts up 8.2 pct to 1.032 mln unit annual rate UPDATE (Thomson Financial News)
- Dollar Gains Vs Euro, Yen After US April Housing Starts (Dow Jones)
- US April housing starts up 8.2 pct to 1.032 mln unit annual rate (Thomson Financial News)
Mid−Day Forex Technical Report − Dollar Indifferent to Housing Rebound, Aussie Surges with Gold by ActionForex.com
Forex Trading Strategies - US April Housing Figures to Close the Week by Saxo Bank
US economic indicators - Housing starts and building permits are expected to have fallen further in April by BHF−Bank
Economic Events
| Date (GMT) | Country | Event | Actual | Cons. | Previous | |
| May 16 | 12:30 | US | Housing Starts (YoY) (Apr) | 1.032M | 935.000K | 0.954M |
| 14:00 | US | Reuters/Michigan Consumer Sentiment Index (May)  | 59.5 | 62.5 | 62.6 | |
| May 18 | 05:30 | JP | Nationwide Department Sales (YoY) (Apr) | 0.9% | ||
| 23:01 | UK | Rightmove House Price Index (MoM) (May) | -0.1% | |||
| 23:01 | UK | Rightmove House Price Index (YoY) (May) | 1.3% | |||
| May 19 | 14:00 | US | Leading Indicators (MoM) (Apr) | 0.1% | ||
| 23:50 | JP | Tertiary Industry Index (MoM) (Mar) | -1.7% | |||