Tuesday, May 20, 15:54 GMT
ASIA-PACIFIC Trading Newsletter
To Get Started
- Webinar videos: The Weather Report: Ichimoku Cloud Trading by Chris Capre
- The Week Ahead by Jerry Furst
- Be aware of GBP/USD movements
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Live Sessions Schedule
FX Instructor Live Trading Room
Expert: Mark De La Paz
Start: Wed, May 21, 09:00 GMT
Sponsored by: 
Type of Session: Webinar
Tracking the forex market together / Part I
Expert: Dr.S.Sivaraman
Start: Wed, May 21, 10:00 GMT
Type of Session: Webinar
| Sponsored by | ||||
| Tue, May 20, 15:00 GMT | Trading with Autochartist | Raghee Horner | WBN |  |
| Tue, May 20, 16:00 GMT | Longer−term Support and Resistance Trading: Setups and Rules | Rob Booker | WBN | |
| Tue, May 20, 17:00 GMT | Live Look at Today's Markets  | Derek Frey | WBN |  |
| Wed, May 21, 09:00 GMT | FX Instructor Live Trading Room | Mark De La Paz | WBN | |
| Wed, May 21, 10:00 GMT | Tracking the forex market together / Part I | Dr.S.Sivaraman | WBN | |
Current Session: U.S.
GBP/USD
Mid−Day Forex Technical Report − Dollar's Fall Resumes by ActionForex.com
Cable's rebound from 1.9363 resumes today and takes out 1.9636 resistance. As mentioned before, this, together with mild bullish convergence condition in 4 hours MACD and RSI, suggests that short term low is in place already. Also, the whole decline from 2.0391 could have completed too. At this point, intraday bias remains on the upside as long as 1.9591 minor support holds.
- Dan Blystone's Daily Briefing at 12:30 GMT/08:30 EDT
- Longer−term Support and Resistance Trading: Setups and Rules by Rob Booker, Currency Analyst Piptopia
- Check out how pairs moved: Live Currency Rates & Charts
- Follow up the most relevant Economic Data in the new Real Time Economic Calendar
Currency Performance
Currency Performance Report − Europe Session Performance by FXstreet.com
FX Analysts' Comments
Forex Video | News Trade Alert | May 20, 2008 by Wayne McDonell, FxBootcamp.com
Currencies at a Glance
- EUR/USD
- Trades below second resistant level 1.5691
05/20/2008 15:38 GMT - GBP/USD
- Continues to move up above second resistant level 1.9690
05/20/2008 15:39 GMT - USD/CHF
- Continues to move down towards second support level 1.0348
05/20/2008 15:39 GMT - USD/JPY
- Moves down around first support level 103.74
05/20/2008 15:40 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
UK BANK OF ENGLAND MINUTES
| Date (GMT) | Event | Cons. | Previous | |
| May 21 | 08:30 | Bank of England Minutes | - | - |
Weekly Review and Outlook − FOMC & BoE Minutes Awaited by ActionForex.com
Minutes of the BoE meeting on May 8, where interest rate was left unchanged at 5.00% will be released this week too. There were some speculations that BoE might opt for another cut in May after a string of weak growth data released prior the the meeting.
[ Full Story ]Top Market Movers Review
US PRODUCER PRICE INDEX
| Date (GMT) | Event | Actual | Cons. | Previous | |
| May 20 | 12:30 | Producer Price Index ex Food & Energy (MoM) | 0.4% | 0.2% | 0.2% |
| May 20 | 12:30 | Producer Price Index ex Food & Energy (YoY) | 3.0% | 2.9% | 2.7% |
| May 20 | 12:30 | Producer Price Index (YoY) | 6.5% | 6.6% | 6.9% |
| May 20 | 12:30 | Producer Price Index (MoM) | 0.2% | 0.4% | 1.1% |
DATA SNAP: US PPI Core Rises Double Rate Expected For Apr (Dow Jones)
U.S. wholesale prices climbed modestly in April, given relief by subdued food and energy costs, but the core rate of inflation rose at twice the rate expected on Wall Street.
[ Full Story ]- Read the PPI data at Labor Department
- US April PPI rises 0.2 pct; core PPI up 0.4 pct, fastest pace since 1991 UPDATE (Thomson Financial News)
- US PPI growth moderates in April; core PPI jumps over expectations (FXstreet.com)
- US April PPI rises 0.2 pct, slower than expected; core PPI up 0.4 pct (Thomson Financial News)
Economic Events
| Date (GMT) | Country | Event | Actual | Cons. | Previous | |
| May 20 | 12:30 | US | Producer Price Index ex Food & Energy (MoM) (Apr) | 0.4% | 0.2% | 0.2% |
| 12:30 | CA | Wholesale Sales (MoM) (Mar) | 0.6% | 0.5% | -1.8% | |
| 21:00 | US | ABC Consumer Confidence (May 18) | -47 | |||
| May 21 | 00:30 | AU | Westpac Consumer Confidence (May) | 1.8% | -1.3% | |
| 01:30 | AU | New Motor Vehicle Sales (MoM) (Apr) | 1% | |||
| 01:30 | AU | New Motor Vehicle Sales (YoY) (Apr) | 3.7% | |||
| 03:00 | NZ | Credit Card Spending (Apr) | 3.5 | |||