Wednesday, May 28, 15:44 GMT
ASIA-PACIFIC Trading Newsletter
To Get Started
- Webinar videos: Intro to the 4x-Market A-Z by Adam Rosen
- Step by Step Trade Entry... by Raghee Horner
- New release in our Brokers/FDMs News Section
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Live Sessions Schedule
Live Look at Today's Markets
Expert: Derek Frey
Start: Wed, May 28, 17:00 GMT
Sponsored by: 
Type of Session: Webinar
Watch Live Coverage of the US GDP
Expert: Jerry Furst
Start: Thu, May 29, 11:30 GMT
Sponsored by: 
Type of Session: Webinar
| Sponsored by | ||||
| Wed, May 28, 16:00 GMT | How New US Regulations on the Financial Markets will Affect Currency Trading | Rob Booker | WBN |  |
| Wed, May 28, 17:00 GMT | Live Look at Today's Markets | Derek Frey | WBN | |
| Thu, May 29, 11:30 GMT | Watch Live Coverage of the US GDP | Jerry Furst | WBN | |
| Thu, May 29, 15:00 GMT | How to Get Started Trading Forex | Steve Primo | WBN | |
| Thu, May 29, 16:00 GMT | The Day Trading Coach − Tips, Tricks and Strategies for Day Traders  | Markus Heitkoetter | WBN | |
Current Session: U.S.
USD/JPY
Mid−Day Forex Technical Report − Dollar Extends Rebound of Durables and Commodities by ActionForex.com
USD/JPY's rally from 102.73 extends further to as high as 105.31 today. Break of the inner falling trend line suggests that consolidation from 105.70 has possibly completed. At this point, intraday bias remains on the upside as long as 103.88 minor support holds. Break of 150.44/70 resistance zone will indicate rise from 95.77 has resumed and encourage further rise towards 108.59 resistance.
- 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:
Currency Majors Technical Analysis by Mataf.net
Currency Performance
Currency Performance Report − Europe Session Performance by FXstreet.com
Currencies at a Glance
- EUR/USD
- Trades below first support level 1.5642
05/28/2008 15:20 GMT - GBP/USD
- Moves up back towards first resistant level 1.9836
05/28/2008 15:21 GMT - USD/CHF
- Trades around first resistant level 1.0379
05/28/2008 15:21 GMT - USD/JPY
- Moves down back around first resistant level 104.62
05/28/2008 15:22 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
Germany ILO UNEMPLOYMENT RATE
| Date (GMT) | Event | Cons. | Previous | |
| May 29 | 07:55 | Unemployment Rate s.a. | 7.8% | 7.9% |
| May 29 | 07:55 | Unemployment Change | -25K | -7K |
| May 29 | 06:00 | ILO Unemployment Rate | 7.3% | 7.3% |
EMU economic indicators - German adjusted unemployment could have remained stable in May by BHF−Bank
German adjusted unemployment fell by a mere 7k in April, because the spring upswing on the labour market was more subdued than usual, given that unemployment in outdoor jobs had not gone up markedly during the relatively warm winter months.
[ Full Story ]Top Market Movers Review
Germany CONSUMER PRICE INDEX
| Date (GMT) | Event | Actual | Cons. | Previous | |
| May 28 | 12:55 | Consumer Price Index (MoM) | 0.6% | 0.4% | -0.2% |
| May 28 | 12:55 | Consumer Price Index (YoY) | 3.0% | 2.8% | 2.4% |
DATA SNAP: German Preliminary May CPI +3.0% On Year (Dow Jones)
Pan−German preliminary consumer prices were up 3.0% on the year in May, well above April's 2.4% annual rate, the German statistics agency Destatis said Wednesday.
[ Full Story ]- German CPI grew slightly above consensus in May (FXstreet.com)
- German May preliminary CPI up 0.6 pct from April, up 3.0 pct year−on−year (Thomson Financial News)
- Germany Consumer Price Index increases 0.6% in May 3.0% up on the year (FXstreet.com)
European Market Update - German State CPI Figures Support ECB Rhetoric by TradeTheNews.com
US DURABLE GOODS ORDERS
| Date (GMT) | Event | Actual | Cons. | Previous | |
| May 28 | 12:30 | Durable Goods Orders ex Transportation | 2.5% | -0.5% | 1.5% |
| May 28 | 12:30 | Durable Goods Orders | -0.5% | -1.1% | -0.3% |
DATA SNAP: US Apr Durable Goods Drop Less Than Expected (Dow Jones)
Demand for expensive goods fell during April, brought down by plunging aircraft orders, but a barometer of capital spending surged, signaling strength among businesses amid the weak economy.
[ Full Story ]- Read the Durable Goods Orders data at Commerce Department
- ECONOMIC REPORT: Durable Goods Orders Fall 0.5% In April (Dow Jones)
- US April durable goods orders down 0.5 pct, ex−transportation up 2.5 pct UPDATE (Thomson Financial News)
- Update: Dollar Jumps Vs Rivals After US Apr Durable Goods (Dow Jones)
Mid−Day Forex Technical Report − Dollar Extends Rebound of Durables and Commodities by ActionForex.com
Daily Analysis - Dollar falls ahead of durable goods report today by Finotec Group Inc.
Daily Market Report - Today in the US we will see MBA Mortgage Applications and Durable goods Orders by Wachovia
Economic Events
| Date (GMT) | Country | Event | Actual | Cons. | Previous | |
| May 28 | 12:55 | DE | Consumer Price Index (MoM) (May)  | 0.6% | 0.4% | -0.2% |
| 12:55 | DE | Consumer Price Index (YoY) (May) | 3.0% | 2.8% | 2.4% | |
| 23:50 | JP | Large Retailer's Sales (Apr) | -1.2% | 0.2% | ||
| 23:50 | JP | Retail Trade (YoY) (Apr) | -0.5% | 1.1% | ||
| 23:50 | JP | Retail Trade s.a (MoM) (Apr) | 0.0% | 0.5% | ||
| May 29 | 01:00 | US | Fed's Fisher's speech | |||
| 01:00 | AU | Private Capital Expenditure (1Q) | 3.0% | 5.1% | ||