Friday, May 30, 16:06 GMT
ASIA-PACIFIC Trading Newsletter
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Live Sessions Schedule
Understand & Use Fibonacci Ratio's Effectively
Expert: Sunil Mangwani
Start: Mon, Jun 2, 10:00 GMT
Sponsored by: 
Type of Session: Webinar
Dan Blystone's Daily Briefing
Expert: Dan Blystone
Start: Mon, Jun 2, 12:30 GMT
Type of Session: Webinar
| Sponsored by | ||||
| Mon, Jun 2, 10:00 GMT | Understand & Use Fibonacci Ratio's Effectively | Sunil Mangwani | WBN | |
| Mon, Jun 2, 12:00 GMT | US Pre−Market Open  | Ed Ponsi | WBN |  |
| Mon, Jun 2, 12:30 GMT | Dan Blystone's Daily Briefing | Dan Blystone | WBN | |
| Mon, Jun 2, 13:30 GMT | US Session Open | Ed Ponsi | WBN | |
| Mon, Jun 2, 14:00 GMT | Derek Frey's Outlook | Derek Frey | WBN |  |
Current Session: U.S.
EUR/USD
Daily Forex News − Forex − Dollar rallied after Fed hawkish comment and buoyant US stocks by ACM − Advanced Currency Markets
Market failed to overtop 1.5800 early this week. On downside, yesterday return below 1.5600 would open the way down to 1.5000 psychological key level before 1.4500 pivot point. Support holds 1.5485 Thursday low. Initial resistance holds 1.5819 Tuesday high. A return in previous 1.5600−1.5800 consolidation range would reopen the way up to 1.6000 Pivot point resistance ahead of key resistance 1.6200 market target.
- Dan Blystone's Daily Briefing
- Trading with Bollinger Bands and the ATR John Jagerson, Founder Profiting With Forex
- 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 Trading Forecast − A Breather for the USD? by Swiss e Trade AG
Currency Performance
Action Bias Summary Table − Action Bias Summary Table by ActionForex.com
Currencies at a Glance
- EUR/USD
- Moves up above pivot level 1.5554
05/30/2008 15:29 GMT - GBP/USD
- Moves up back above pivot level 1.9752
05/30/2008 15:31 GMT - USD/CHF
- Moves down below pivot level 1.0458
05/30/2008 15:32 GMT - USD/JPY
- Continues to trade around opening price level 105.51 , above pivot level 105.33
05/30/2008 15:32 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 HALIFAX HOUSE PRICES
| Date (GMT) | Event | Cons. | Previous | |
| Jun 2 | 00:00 | Halifax House Prices (MoM) | - | -1.3% |
| Jun 2 | 00:00 | Halifax House Prices (YoY) | - | -0.9% |
Daily Majors Technical Analysis - GBP/USD − A Conservative Look and Trade Example by Pro Pipper Trading
A little different analysis before we head into the weekend. Here is an example of a very conservative entry for the GBP/USD. We have drawn in a trend line to help show the stop level that would make this trade invalid.
[ Full Story ]Top Market Movers Review
US REUTERS/MICHIGAN CONSUMER SENTIMENT INDEX
| Date (GMT) | Event | Actual | Cons. | Previous | |
| May 30 | 14:00 | Reuters/Michigan Consumer Sentiment Index | 59.8 | 59.5 | 62.6 |
Reuters/Univ Michigan End−May Sentiment 59.8; Apr 62.6 (Dow Jones)
U.S. consumer confidence levels declined for the fourth straight month in May, hitting a 28−year low, according to a report Friday. The Reuters/University of Michigan consumer sentiment survey for all of May saw the overall index move to 59.8 from 62.6 in April.
[ Full Story ]- Read the Consumer Sentiment Index data at Reuters
- US late May Reuters/Michigan consumer sentiment 59.8 vs 59.5 expected UPDATE (Thomson Financial News)
- Reuters/Univ Michigan End−May Sentiment 59.8; Apr 62.6 (Dow Jones)
- US late May Reuters/Michigan consumer sentiment 59.8 vs 59.5 expected (Thomson Financial News)
US CORE PERSONAL CONSUMPTION EXPENDITURE − PRICES INDEX
| Date (GMT) | Event | Actual | Cons. | Previous | |
| May 30 | 12:30 | Core Personal Consumption Expenditure − Prices Index (MoM) | 0.1% | 0.1% | 0.2% |
| May 30 | 12:30 | Personal Income (MoM) | 0.2% | 0.2% | 0.3% |
| May 30 | 12:30 | Personal Spending | 0.2 | 0.2 | 0.4 |
| May 30 | 12:30 | Core Personal Consumption Expenditure − Prices Index (YoY) | 2.1% | 2.1% | 2.1% |
DATA SNAP: US Consumers Slow Their Spending in April (Dow Jones)
Consumer spending increased mildly in April, but the gain was obliterated by the effect of rising prices, a government report Friday showed. Personal consumption increased by 0.2% compared to the month before, the Commerce Department said.
[ Full Story ]- Read the PCE data at Commerce Department
- US April consumer spending and personal incomes rise 0.2 percent UPDATE (Thomson Financial News)
- US April consumer spending and personal incomes rise 0.2 percent UPDATE (Thomson Financial News)
- US Personal spending increase 0,2% as expectations in April (FXstreet.com)
Mid−Day Forex Technical Report − Dollar Steady after PCE by ActionForex.com
US economic indicators - PCE core deflator will probably only have gone up slightly in April by BHF−Bank
Economic Events
| Date (GMT) | Country | Event | Actual | Cons. | Previous | |
| May 30 | 13:45 | US | Chicago Purchasing Managers' Index (May) | 49.1 | 48.8 | 48.3 |
| 14:00 | US | Reuters/Michigan Consumer Sentiment Index (May) | 59.8 | 59.5 | 62.6 | |
| Jun 1 | 23:30 | AU | Manufacturing PMI (May) | 52.7 | ||
| 23:50 | JP | Official Reserve Assets (May) | 1003.8B | |||
| Jun 2 | 00:00 | UK | Halifax House Prices (MoM) (May) | -1.3% | ||
| 00:00 | UK | Halifax House Prices (YoY) (May) | -0.9% | |||
| 01:30 | AU | Company Gross Operating Profits (QoQ) (1Q) | 3.9% | |||