Thursday, May 29, 16:08 GMT
ASIA-PACIFIC Trading Newsletter
To Get Started
- Webinar videos: Intro to the 4x-Market A-Z by Adam Rosen
- Europe Session Performance by FXstreet.com
- USD/JPY moves over the 105.00 level
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Live Sessions Schedule
Live Look at Today's Markets
Expert: Derek Frey
Start: Thu, May 29, 17:00 GMT
Sponsored by: 
Type of Session: Webinar
The Forex Basic Training Program − Chapter III
Expert: Wayne McDonell
Start: Fri, May 30, 11:00 GMT
Type of Session: Webinar
| Sponsored by | ||||
| Thu, May 29, 16:00 GMT | The Day Trading Coach − Tips, Tricks and Strategies for Day Traders  | Markus Heitkoetter | WBN |  |
| Thu, May 29, 17:00 GMT | Live Look at Today's Markets | Derek Frey | WBN | |
| Fri, May 30, 10:00 GMT | Advanced APF Methods To Determine The Price Momentum | Sunil Mangwani | WBN |  |
| Fri, May 30, 11:00 GMT | The Forex Basic Training Program − Chapter III | Wayne McDonell | WBN | |
| Fri, May 30, 14:00 GMT | Banging around the Bands | Chris Capre | WBN | |
Current Session: U.S.
USD/CAD
Mid−Day Forex Technical Report − Dollar Waits for Bernanke, Canadian Dollar Surges by ActionForex.com
USD/CAD's recovery from 0.9818 was limited at 0.9957 after touching inner channel resistance and falls sharply since then. Break of 0.9867 indicates that recovery from 0.9818 has completed and recent fall from 1.0242 has possibly resumed too. At this point, intraday bias remains on the downside as long as 0.9879 support turned resistance holds.
- 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:
Technical Summary for Majors − Technical Summary for Majors by Windsor Brokers Ltd
Currency Performance
Currency Performance Report − Europe Session Performance by FXstreet.com
Currencies at a Glance
- EUR/USD
- Moves down towards second support level 1.5515
05/29/2008 15:36 GMT - GBP/USD
- Trades below pivot level 1.9780
05/29/2008 15:37 GMT - USD/CHF
- Trades above first resistant level 1.0446
05/29/2008 15:37 GMT - USD/JPY
- Continues to move up above first resistant level 105.38
05/29/2008 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
EMU CONSUMER PRICE INDEX
| Date (GMT) | Event | Cons. | Previous | |
| May 30 | 09:00 | Consumer Price Index (YoY) | 3.5% | 3.3% |
EMU economic indicators - The flash estimate for May could show EMU inflation increasing to 3.6 % yoy by BHF−Bank
The Eurostat flash estimate is likely to show that euro area inflation has accelerated to 3.6% yoy in May. This would correspond with a monthly increase of 0.5% in unadjusted terms.
[ Full Story ]Top Market Movers Review
US GROSS DOMESTIC PRODUCT ANNUALIZED
| Date (GMT) | Event | Actual | Cons. | Previous | |
| May 29 | 12:30 | Gross Domestic Purchases Price Index | 3.5% | 2.6% | 3.7% |
| May 29 | 12:30 | Gross Domestic Product Annualized | 0.9% | 0.9% | 0.6% |
DATA SNAP: US GDP Growth Meets Expectations In 1st Q (Dow Jones)
The U.S. economy sped up early in 2008, according to government data Thursday showing growth wasn't as weak as first thought because of a better trade balance and stronger business spending.
[ Full Story ]- Read the GDP data at Commerce Department
- US Q1 GDP revised higher to 0.9 pct growth on exports, construction UPDATE (Thomson Financial News)
- Dollar Stronger On As−Expected US Data, Fed Rate Talk (Dow Jones)
- U.S. stock futures turn lower after GDP revision, jobless claims data (Thomson Financial News)
US economic indicators - Consumer confidence is likely to fall further in May despite the tax checks by BHF−Bank
Weekly Market View - Declining Gross Domestic Product in the US expected by FXstreet.com
Economic Events
| Date (GMT) | Country | Event | Actual | Cons. | Previous | |
| May 29 | 12:30 | US | Gross Domestic Purchases Price Index (1Q)  | 3.5% | 2.6% | 3.7% |
| 14:30 | US | EIA Crude Oil Stocks change | -8.8M | -0.6M | -5.3M | |
| 22:45 | NZ | Building Permits (MoM) (Apr) | -2.0% | -9.1% | ||
| 23:01 | UK | Gfk Consumer Confidence (May) | -25 | -24 | ||
| 23:30 | JP | Jobless Rate (Apr) | 3.9% | 3.8% | ||
| 23:30 | JP | National Consumer Price Index (YoY) (Apr) | 0.9% | 1.2% | ||
| 23:30 | JP | National CPI Ex Food, Energy (YoY) (Apr) | 0.0% | 0.1% | ||