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Monday, May 12, 07:53 GMT

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Live Sessions Schedule

Sunil MangwaniUnderstand & Use Fibonacci Ratio's Effectively
Expert: Sunil Mangwani
Start: Mon, May 12, 10:00 GMT
Sponsored by: FibForex123
Type of Session: Webinar


Dan BlystoneDan Blystone's Daily Briefing
Expert: Dan Blystone
Start: Mon, May 12, 12:30 GMT

Type of Session: Webinar


Sponsored by
Mon, May 12, 10:00 GMTUnderstand & Use Fibonacci Ratio's EffectivelySunil MangwaniWBNSponsored by FibForex123
Mon, May 12, 12:30 GMTDan Blystone's Daily BriefingDan BlystoneWBNSponsored by
Mon, May 12, 14:00 GMTDerek Frey's OutlookDerek FreyWBNSponsored by Odom & Frey Futures, FOREX & Options
Mon, May 12, 15:00 GMTAdvanced Methods for Finding Dominant Trends in Forex Markets Steve PrimoWBNSponsored by
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Current Session: Europe

USD/JPY

Weekly Review and Outlook − Yen Surges Broadly as Risk Aversion Fights Back by ActionForex.com

Risk aversion was the main driving force towards the end of last week as markets witnessed a turn in the global equity markets as well as sharp rebound in the Japanese yen. While bad corporate results and the concern of continuation of the credit market crisis were still the factors affecting investors sentiments, there were growing concern that persistently high inflation, fueled of sharp rise in energy and food prices, are going to hurt the economy eventual

[ Full Story ]

Other Topics for this Session:

Currency Matrix by Global Market Research, Inc. (GMR)

Currency Performance

Currency Performance Report − Asia Session Performance by FXstreet.com

Currencies at a Glance

EUR/USD
Moves down towards second support level 1.5357
05/12/2008 06:56 GMT
GBP/USD
Moves down below first support level 1.9463
05/12/2008 06:57 GMT
USD/CHF
Moves up above first resistant level 1.0487
05/12/2008 06:57 GMT
USD/JPY
Moves up above pivot level 103.18
05/12/2008 06:57 GMT

Analyst Sentiment Index (ASI)

Analysts Sentiment Index - EUR/USD


EUR

**Source : ActionForex.comCMS ForexDanske Bank A/SFXstreet.comGlobal Forex TradingMizuho Corporate Bank

[ View ASI page ] [ View EUR/USD page ]

Charting the Market Movers

USD JPY, Hourly


USD/JPY

GBP USD, Hourly


GBP/USD

Top Market Movers Preview

UK TOTAL TRADE BALANCE

Date (GMT)EventCons.Previous
May 1208:30Total Trade Balance--4.4B
May 1208:30Goods Trade Balance--£7.5B

Hedging Range Trades - Pound Price Action Inching Lower, Hedge Offers Entry by FXCM

The Pound has been gradually declining against the US dollar along a well−defined downward−sloping channel since mid−March. The latest price action sees the pair at the bottom of this channel, with the coming days sure to bring volatility as the Bank of England readies an interest rate announcement.

[ Full Story ]

Top Market Movers Review

Australia HOME LOANS

Date (GMT)EventActualCons.Previous
May 1201:30Home Loans-6.1%--5.9%

Australian March Housing Finance −6.1% Vs −1.0% Consensus (Dow Jones)

The number of housing−finance approvals in Australia fell a seasonally adjusted 6.1% in March from February, the Australia Bureau of Statistics said Monday. Economists surveyed ahead of the announcement on average had expected a fall of 1.0% in March.

[ Full Story ]

Japan MONEY SUPPLY M2+CD

Date (GMT)EventActualCons.Previous
May 1123:50Money Supply M2+CD (YoY)1.9%-2.2%

Japan April Money Supply Growth 1.9% Vs March 2.3% Growth (Dow Jones)

Japan's money supply, M2 plus certificate of deposits, grew 1.9% on year in April, slower than March's revised 2.3% on−year rise, the Bank of Japan said Monday. That was also slower than the 2.2% growth forecast on average by economists surveyed by Dow Jones and Nikkei. The M2 plus CDs figure includes money in time deposits and CDs, as well as cash and demand deposits.

[ Full Story ]

Economic Events

Date (GMT)CountryEventActualCons.Previous
May 1200:00DE Whit Monday Market Holiday 
01:30AU Home Loans (Mar) -6.1%-5.9%
01:30AU Investment Lending (Mar) -7.2%-9.5%
06:00JP Machine Tool Orders (YoY) (Apr) 0.33.3
08:30UK Goods Trade Balance (Mar) -£7.5B
08:30UK Total Trade Balance (Mar) -4.4B
12:30CA New Housing Price Index (YoY) (Apr) 6.2%
18:00US Monthly Budget Statement (Apr) -48.1B
22:45NZ Food Price Index (MoM) (Apr) 0.7%
23:01UK BRC Retail Sales Monitor − All (YoY) (Apr) -1.6%
[ View All ]
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