Monday, May 14, 07:55 GMT
EUROPEAN Trading Newsletter
To Get Started
- Special Coverage: Fed Meeting Review by FXstreet.com
- ECB and BoE meeting Review by FXstreet.com
- Check out all our Delivery Options
- Forex Forum: The Central Banks Week
- The Signals Tracker: track down the performance of a particular signal provider
- The Advisor Blog: The USD starts the week lower
- Visit the rest of our Newsletters and subscribe now!
Send us your feed back. Post your comments about the new newsletters' format in the Forum.
Live Sessions Schedule
What moves currencies? - Previewing the Week Ahead
Expert: Tony Juste
Start: Mon, May 14, 10:00 GMT
Sponsored by: 
Type of Session: Webinar
Weekly Webinar: 1st on Forex - The Week Ahead
Expert: Jerry Furst
Start: Mon, May 14, 11:00 GMT
Sponsored by: 
Type of Session: Webinar
| Sponsored By: | ||||
| Mon, May 14, 10:00 GMT | What moves currencies? - Previewing the Week Ahead | Tony Juste | WBN | |
| Mon, May 14, 11:00 GMT | Weekly Webinar: 1st on Forex - The Week Ahead | Jerry Furst | WBN | |
| Mon, May 14, 14:00 GMT | Derek Frey's Outlook | Derek Frey | WBN |  |
| Mon, May 14, 17:00 GMT | 24 hour Outlook | John Putman | WBN | |
Current Session: Europe
EUR/USD
Daily Recommended Trades - EUR/USD daily outlook by E-Forex
The Euro rose back into the 1.35 area versus the U.S. dollar on Friday, being supported by 1.3510. Support is now seen at 1.3520 backed by 1.3500 and 1.3465. Minor resistance is noticed at 1.3550 followed by 1.3560, 1.3580 and 1.3600. Hourly sentiment is bullish, daily studies are slightly bearish but losing strength.
- The Signals Tracker: track down the performance of a particular signals provider
- EUR, GBP in extreme overbought territory against USD, JPY by Tony Juste
- Check out how the currency moved on Live Currency Rates & Charts at FXstreet.com
- Follow up the most relevant Economic Data in the new Real Time Economic Calendar
- Be up to date with the Latest Forex News
- The Cable experience at our Forex Forum
Other Topics for this Session:
Forex Technical Report - Forex Technical Report by iFOREX.bg
Daily Forex Commentary - EURCHF ahead of new highs by Jyske Bank
Currency Majors Technical Analysis - 1,3547. EUR USD broke 1,3520 resistance by Mataf.net
Currencies at a Glance
- EUR/USD
- Back around opening price level at 1.3531 , above pivot level at 1.3505
05/14/2007 07:23 GMT - GBP/USD
- Trades below first resistant level at 1.9848
05/14/2007 07:23 GMT - USD/CHF
- Moves up above pivot level at 1.2189
05/14/2007 07:23 GMT - USD/JPY
- Moves up above opening price level at 120.23 , toward first resistant level at 120.45
05/14/2007 07:23 GMT
Analyst Sentiment Index (ASI)
Analysts Sentiment Index - USD/JPY
**Source : CMS Forex, Danske Bank A/S, Finotec Group Inc., FXstreet.com, Global Forex Trading Ltd. , Mizuho Corporate Bank
[ View ASI page ] [ View USD/JPY page ]
Charting the Market Movers
EUR USD, Hourly
USD JPY, Hourly
Top Market Movers Preview
EMU INDUSTRIAL PRODUCTION S.A.
| Date (GMT) | Event | Cons. | Previous | |
| May 14 | 09:00 | Industrial Production s.a. (MoM) | 0.4% | 0.6% |
| May 14 | 09:00 | Industrial Production w.d.a. (YoY) | 3.6% | 4.1% |
Friday Notes - EMU housing market- a slowdown, not a recession by HVB Group
We expect industrial production to have slightly decelerated in March. The underlying trend is gradually cooling off, in line with the recent releases of major factory surveys, depicting a moderate cyclical slowdown in the manufacturing sector. However, production numbers show that the loss of momentum is only tentative, and still consistent with a scenario of solid growth.
[ Full Story ]Top Market Movers Review
Japan CURRENT ACCOUNT
| Date (GMT) | Event | Actual | Cons. | Previous | |
| May 13 | 23:50 | Current Account | 3300B | 3000B | 2400B |
Japan March current account surplus up 36.9 pct yr-on-yr, beats forecast (AFX News)
The current account surplus in March rose 36.9 pct year-on-year to 3.317 trln yen from 2.422 trln the previous year, bigger than the market had expected, data from the Ministry of Finance showed. Based on a survey made by the Nikkei business daily, the market's consensus forecast was for a suprlus of 2.915 trln yen.
[ Full Story ]- Read the Current Account report at Japan Ministry of Finance
- Japan March Unadjusted Current Account Surplus +36.9% On Yr (Dow Jones)
Economic Events
| Date (GMT) | Country | Event | Actual | Cons. | Previous | |
| May 13 | 23:50 | JP | Current Account | 3300B | 3000B | 2400B |
| May 14 | 08:30 | UK | Producer Price Index - Input (MoM) (Apr) | 0.7% | 1.2% | |
| 08:30 | UK | Producer Price Index - Input (YoY) (Apr) | -0.1% | 0.7% | ||
| 08:30 | UK | Producer Price Index - Output (MoM) (Apr) | 0.5% | 0.3% | ||
| 08:30 | UK | Producer Price Index - Output (YoY) (Apr) | 2.5% | 2.7% | ||
| 09:00 | EMU | Industrial Production s.a. (MoM) (Mar) | 0.4% | 0.6% | ||
| 09:00 | EMU | Industrial Production w.d.a. (YoY) (Mar) | 3.6% | 4.1% | ||
| 14:30 | UK | Leading Indicator Index (Mar) | 0.8% | |||
| May 15 | 08:30 | UK | Consumer Price Index (MoM) (Apr) | 2.8% | 0.5% | |
| 08:30 | UK | Consumer Price Index (YoY) (Apr) | 2.8% | 3.1% | ||