Thursday, May 22, 15:59 GMT
ASIA-PACIFIC Trading Newsletter
To Get Started
- Webinar videos: Longer-term Support and Resistance Trading: Setups and Rules by Rob Booker
- Keep your eyes on GBP/USD movements
- Canadian Loonie − In the Box by Jerry Furst
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Live Sessions Schedule
Dan Blystone's Daily Briefing
Expert: Dan Blystone
Start: Fri, May 23, 12:30 GMT
Type of Session: Webinar
Black Swans − Taking advantage of the unexpected
Expert: John Jagerson
Start: Fri, May 23, 13:00 GMT
Type of Session: Webinar
| Sponsored by | ||||
| Thu, May 22, 15:00 GMT | MONTHLY WEBINAR: Intro to the 4x−Market A−Z − Part 2: Practical Application  | Adam Rosen | WBN |  |
| Fri, May 23, 10:00 GMT | Advanced APF Methods To Determine The Price Momentum | Sunil Mangwani | WBN |  |
| Fri, May 23, 12:00 GMT | US Pre−Market Open | Ed Ponsi | WBN | |
| Fri, May 23, 12:30 GMT | Dan Blystone's Daily Briefing | Dan Blystone | WBN | |
| Fri, May 23, 13:00 GMT | Black Swans − Taking advantage of the unexpected | John Jagerson | WBN | |
Current Session: U.S.
GBP/USD
Daily Technical Strategist − EURUSD: Resumes Its Recovery Off The 1.5283 Level by FXTechstrategy
Cable's rise from 1.9363 extends further today and accelerate after finally taking out short term falling trend line resistance, reaching as high as 1.9979 so far. At this point, intraday bias remains on the upside as long as 1.9750 minor support holds. Further rally is expected to 2.0029 resistance. Break will encourage rise to retest 2.0391.
- Trading Range Bound and Trending Market Conditions Adam Rosen, CEO and Co−Founder 4xLounge
- 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 Analysis − Dollar continuing its slide as oil prices rises by Finotec Group Inc.
FX Analysts' Comments
Canadian Loonie − In the Box by Jerry Furst, Director Investors Education Network
Currencies at a Glance
- EUR/USD
- Moves down below pivot level 1.5739
05/22/2008 15:33 GMT - GBP/USD
- Trades around second resistant level 1.9810
05/22/2008 15:34 GMT - USD/CHF
- Moves up above first resistant level 1.0343
05/22/2008 15:34 GMT - USD/JPY
- Continues to move up above second resistant level 103.94
05/22/2008 15:34 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 PMI MANUFACTURING
| Date (GMT) | Event | Cons. | Previous | |
| May 23 | 08:00 | Purchasing Manager Index Services | 51.7 | 52.0 |
| May 23 | 08:00 | PMI Manufacturing | 50.5 | 50.7 |
EMU economic indicators - The May RBS PMI manufacturing indices for Germany and the EMU could be unchanged too by BHF−Bank
In view of the above, the RBS purchasing managers' index for the German and the EMU manufacturing sector and Belgian business confidence are all likely to have remained at the same level in May, whereas Italian consumer confidence could have fallen somewhat.
[ Full Story ]Top Market Movers Review
US HOUSING PRICE INDEX
| Date (GMT) | Event | Actual | Cons. | Previous | |
| May 22 | 14:00 | Housing Price Index (YoY) | -3.4% | - | -2.4% |
| May 22 | 14:00 | Housing Price Index (MoM) | -0.4 | - | 0.4 |
US Housing prices decline in the first quarter (FXstreet.com)
Housing prices have declined in the first quarter of the year in a larger extent than in the previous quarter, while on the year the decline was the largest on record, according to data released by the US Office of Federal Housing Enterprise Oversight.
[ Full Story ]- Read the HPI data at OFHEO
- OFHEO: US Home Price Decline Grows, Down 1.7% 1Q (Dow Jones)
- US Q1 OFHEO home price index down 1.7 pct, down a record 3.1 pct over last year (Thomson Financial News)
- US Housing Price Index falls 0.4% in March; 3.4% down year on year (FXstreet.com)
US CONTINUING JOBLESS CLAIMS
| Date (GMT) | Event | Actual | Cons. | Previous | |
| May 22 | 12:30 | Continuing Jobless Claims | 3073K | - | 3073K |
| May 22 | 12:30 | Initial Jobless Claims | 365K | 370K | 374K |
US Jobless Claims −9K To 365K In May 17 Week; Survey −1K (Dow Jones)
The number of U.S. workers filing new claims for unemployment benefits fell last week for the second time in three weeks, suggesting some stability in labor markets this month after four−straight declines in monthly nonfarm employment.
[ Full Story ]- Read the Jobless Claims data at Labor department
- UPDATE: Dollar Gains Vs Rivals On US Weekly Jobless Claims (Dow Jones)
- US weekly jobless claims fell 9,000 to 365,000; continuing claims unchanged (Thomson Financial News)
- Dollar Gains Vs Rivals On US Weekly Jobless Claims (Dow Jones)
Economic Events
| Date (GMT) | Country | Event | Actual | Cons. | Previous | |
| May 22 | 14:00 | US | Housing Price Index (MoM) (Mar) | -0.4 | 0.4 |
|
| 14:00 | US | Housing Price Index (YoY) (Mar) | -3.4% | -2.4% | ||
| 23:50 | JP | BoJ Minutes | ||||
| May 23 | 06:15 | CH | Trade Balance (Apr) | 1.25B | ||
| 07:30 | DE | PMI Manufacturing (May)  | 53.6 | |||
| 07:30 | DE | Purchasing Manager Index Services (May) | 54.0 | 54.9 | ||
| 08:00 | EMU | PMI Manufacturing (May) | 50.5 | 50.7 | ||