Monday, May 11, 16:25 GMT
ASIA-PACIFIC Trading Newsletter
To Get Started
- NEW: Live Webinars during the Asian Trading Session at 5 GMT. Register now!
- Learning Center: Chapter 4 of Unit A is now online: Trade the facts: consider price action. Read it now!
- WEBINAR VIDEOS: The Weather Report: Ichimoku Cloud Trading by Chris Capre
- All the events of the day in our Economic Calendar
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Forex Blogs
The Advisor Blog: Dow set to open lower by Valeria Bednarik
Rumours of stocks markets running too fast, too fat in a small time, are weighting in currencies. Futures are falling, probably to some profit taking after past week rally, and concerns about if market is able to go forward.
CEO's Weblog: Electronic forex trading thrives during crisis - Greenwich Associates by Francesc Riverola
Trade setups: Forex Video - 11 May - '09 - Analysis by Phil Newton Hi
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Live Sessions Schedule
The Weather Report: Ichimoku Cloud Trading
Expert: Chris Capre
Start: Tue, May 12, 14:00 GMT
Type of Session: Webinar
Trading with Autochartist
Expert: Raghee Horner
Start: Tue, May 12, 15:00 GMT
Type of Session: Webinar
| Sponsored by | ||||
| Mon, May 11, 16:00 GMT | Weekly Webinar: 1st on Forex − The Week Ahead | Jerry Furst | WBN |  |
| Tue, May 12, 11:00 GMT | FX Instructor Live Trading Room  | Mark De La Paz | WBN |  |
| Tue, May 12, 12:00 GMT | US Pre−Market Open | Ed Ponsi | WBN |  |
| Tue, May 12, 13:30 GMT | US Session Open | Ed Ponsi | WBN | |
| Tue, May 12, 14:00 GMT | The Weather Report: Ichimoku Cloud Trading | Chris Capre | WBN | |
Current Session: U.S.
American session
May 11, 16:15 GMTU.S. Update: Majors expect to consolidate
FXstreet.com − Wall Street open to the downside with a triple digit sell off so far, still above 8400 points. Euro regain the upside so far contained under the 1.3640 zone, while Gbp is unable to confirm above the key 1.5115 level. Not further action seen during the American session, expect majors to consolidate around actual levels. USD/JPY broke under a key inflection point in 4 hours charts: with a double roof formation at the 99.65 zone, 97.90 could well be consider the neck of the formation.
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GBP/USD
GBP/USD: Sustained break out ahead, possibly moving as high as 1.57 by Master The Markets
Firstly the close of the day ended well above the established resistance in the 1.51 region suggesting that we are now likely to see a sustained break out possibly moving as high as 1.57,
EUR/USD
Downside correction from 1.3660 high continued extending by FXstreet.com Independent Analyst Team
Downside correction from 1.3660 high continued extending but halted just above the 38.2% of the last up leg around 1.3545. Indicators lost the overbought state and turned to the upside with actual candle opening.
Analyst Sentiment Index (ASI)
Analysts Sentiment Index - EUR/USD
**Source : ActionForex.com, CMS Forex, Danske Bank A/S, FXstreet.com, i-knowindices.com, Mizuho Corporate Bank, MolFX - Management
[ View ASI page ] [ View EUR/USD page ]
Charting the Market Movers
GBP USD, Hourly
EUR USD, Hourly
Top Market Movers Preview
UK INDUSTRIAL PRODUCTION
| Date (GMT) | Event | Cons. | Previous | |
| May 12 | 08:30 | Manufacturing Production (YoY) | - | -13.8% |
| May 12 | 08:30 | Manufacturing Production (MoM) | -0.8% | -0.9% |
| May 12 | 08:30 | Industrial Production (YoY) | - | -12.5% |
| May 12 | 08:30 | Industrial Production (MoM) | -0.7% | -1.0% |
Friday Notes - UK, industrial production: Close to the bottom by UniCredit Group
Surveys of factory activity were mixed for March, with the CBI still in free fall and the PMI marking a noticeable rebound. We expect industrial production to continue to contract unabated in March: total and manufacturing production should have been down 1.0% m−o−m.
[ Full Story ]Top Market Movers Review
Canada NEW HOUSING PRICE INDEX
| Date (GMT) | Event | Actual | Cons. | Previous | |
| May 11 | 12:30 | New Housing Price Index (YoY) | -2.4% | - | -1.8% |
| May 11 | 12:30 | New Housing Price Index (MoM) | -0.5 | -0.5 | -0.7 |
Canadian New Home Prices drop 2.4% YoY in March (FXstreet.com)
Home prices have declined 2.4% year on year in Canada, for the third consecutive time, while they fell 0.5% month on month, according to data released by National Statistics.
[ Full Story ]- Read the New Housing Price Index data at Statistics Canada
- Canada YoY Mar New Housing Price Index down 2.4% (FXstreet.com)
Economic Events
| Date (GMT) | Country | Event | Actual | Cons. | Previous | |
| May 11 | 12:30 | CA | New Housing Price Index (MoM) (Mar) | -0.5 | -0.5 | -0.7 |
| 12:30 | CA | New Housing Price Index (YoY) (Mar) | -2.4% | -1.8% | ||
| 22:45 | NZ | Food Price Index (MoM) (Apr) | 0.5% | |||
| 23:01 | UK | BRC Retail Sales Monitor − All (YoY) | -1.2% | |||
| 23:01 | UK | RICS House Price Balance | -70.0% | -73.1% | ||
| 23:30 | US | Fed's Bernanke Speech | ||||
| May 12 | 01:30 | AU | Home Loans | 4.5% | 0.4% | |