Tuesday, May 15, 07:41 GMT
EUROPEAN Trading Newsletter
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Live Sessions Schedule
Outlook for the major currencies this week
Expert: Ian Copsey
Start: Tue, May 15, 09:00 GMT
Sponsored by: 
Type of Session: Webinar
What moves currencies?
Expert: Tony Juste
Start: Tue, May 15, 10:00 GMT
Sponsored by: 
Type of Session: Webinar
| Sponsored By: | ||||
| Tue, May 15, 09:00 GMT | Outlook for the major currencies this week | Ian Copsey | WBN | |
| Tue, May 15, 10:00 GMT | What moves currencies? | Tony Juste | WBN | |
| Tue, May 15, 13:00 GMT | Raghee Horner's Four Step Trading: Forex  | Raghee Horner | WBN |  |
| Tue, May 15, 13:30 GMT | Trade the 200MA strategy in the FxInstructor Live Trading Room | Sunil Mangwani | WBN | |
Current Session: Europe
GBP/USD
Forex Technical Report - Forex Technical Report by iFOREX.bg
The top 1.9912 represents wave 3 of all 5 waves. The downward wave to 1.9178 represents the 4th wave, and the last climb is wave 5. There is a possibility for wave 5 to be finished. This can be confirmed if the downward trend forms impulsive figure. The alternative is the already started downward trend to form wave 4 of the 5 waves.
- Looking for the Trader of the Year 2007: Take part in the 1st FXstreet.com Trading Contest
- USD/JPY watch by Tony Juste
- The Signals Tracker: track down the performance of a particular signals provider
- 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
Other Topics for this Session:
Daily Recommended Trades - EUR/USD daily outlook by E-Forex
Forex Technical Analysis - EUR/USD:(1.3544) Back in LT channel of 1.2877 by KBC Bank
Daily Forex Technical Report - Markets Await UK & US CPI by ActionForex.com
Currencies at a Glance
- EUR/USD
- Moves up toward first resistant level at 1.3560
05/15/2007 06:51 GMT - GBP/USD
- Moves up toward first resistant level at 1.9830
05/15/2007 06:51 GMT - USD/CHF
- Moves down toward first support level at 1.2170
05/15/2007 06:51 GMT - USD/JPY
- Moves down below pivot level at 120.27
05/15/2007 06:51 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
UK CONSUMER PRICE INDEX
| Date (GMT) | Event | Cons. | Previous | |
| May 15 | 08:30 | Consumer Price Index (MoM) | 2.8% | 0.5% |
| May 15 | 08:30 | Consumer Price Index (YoY) | 2.8% | 3.1% |
Friday Notes - EMU housing market- a slowdown, not a recession by HVB Group
After the marked inflation pick up in March, which triggered the obligatory letter from the Governor to the Chancellor, we expect CPI to have risen by 0.4% m-o-m, bringing April y-o-y inflation down to 2.8%. We expect the largest downward contribution to come from a cut in electricity and gas prices, which should have offset the increase in oil prices.
[ Full Story ]Top Market Movers Review
Germany GROSS DOMESTIC PRODUCT
| Date (GMT) | Event | Actual | Cons. | Previous | |
| May 15 | 06:00 | Gross Domestic Product (QoQ) | 0.5% | 0.3% | 1.0% |
| May 15 | 06:00 | Gross Domestic Product (YoY) | 3.6% | 3.1% | 2.8% |
German Q1 preliminary GDP growth 0.5 pct vs Q4; consensus 0.3 pct UPDATE (AFX News)
German GDP grew 0.5 pct in seasonally, price and calendar-adjusted terms in the first quarter compared with the fourth quarter of last year, according to preliminary figures from the Federal Statistics Office. First-quarter GDP was up 3.3 pct year-on-year on an unadjusted basis and was 3.6 pct higher when adjusted for calendar effects.
[ Full Story ]- Read the First release of data on the economic performance in the 1st quarter of 2007 at Federal Stasistical Office of Germany
- DATA SNAP: German 1Q GDP Up 0.5% On Qtr; Beats Forecasts -2- (Dow Jones)
- German GDP rises larger than expected in the first quarter (FXstreet.com)
- German Q1 preliminary GDP growth 0.5 pct vs Q4; consensus 0.3 pct (AFX News)
Economic Events
| Date (GMT) | Country | Event | Actual | Cons. | Previous | |
| May 15 | 06:00 | DE | Gross Domestic Product (QoQ) (1Q)  | 0.5% | 0.3% | 1.0% |
| 06:00 | DE | Gross Domestic Product (YoY) (1Q) | 3.6% | 3.1% | 2.8% | |
| 07:15 | CH | Adjusted Real Retail Sales (YoY) (Mar) | 7.6% | 4.0% | 4.5% | |
| 08:30 | UK | Consumer Price Index (MoM) (Apr) | 2.8% | 0.5% | ||
| 08:30 | UK | Consumer Price Index (YoY) (Apr) | 2.8% | 3.1% | ||
| 08:30 | UK | Retail Price Index (MoM) (Apr) | 0.6% | 0.6% | ||
| 08:30 | UK | Retail Price Index (YoY) (Apr) | 4.5% | 4.8% | ||
| 09:00 | EMU | Gross Domestic Product s.a. (QoQ) (1Q) | 0.5% | 0.9% | ||
| 09:00 | EMU | Gross Domestic Product s.a. (YoY) (1Q) | 3.0% | 3.3% | ||
| 12:30 | US | Consumer Price Index (MoM) (Apr) | 0.5% | 0.6% | ||