Wednesday, May 16, 07:25 GMT
EUROPEAN Trading Newsletter
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Live Sessions Schedule
What moves currencies? - Markets after US CPI data
Expert: Tony Juste
Start: Wed, May 16, 10:00 GMT
Sponsored by: 
Type of Session: Webinar
Applying Money Management Rules
Expert: Mihai Marinescu
Start: Wed, May 16, 15:00 GMT
Sponsored by: 
Type of Session: Webinar
| Sponsored By: | ||||
| Wed, May 16, 10:00 GMT | What moves currencies? - Markets after US CPI data | Tony Juste | WBN | |
| Wed, May 16, 11:00 GMT | Asia-Pacific trading Webinar  | Abdul Khan | WBN |  |
| Wed, May 16, 14:00 GMT | Technical Analysis Q&A | Tony Juste | WBN | |
| Wed, May 16, 15:00 GMT | Applying Money Management Rules | Mihai Marinescu | WBN | |
Current Session: Europe
EUR/USD
Daily Technical Analysis - EUR: Consolidating neatly in a ‘flag' formation by Mizuho Corporate Bank
Consolidating neatly in a ‘flag' formation as we all get used to these historically very high levels. Note that many other currencies this week have moved to multi-year strength against the US dollar. A daily close above 1.3638 suggests an interim low is already in place.
- Looking for the Trader of the Year 2007: Take part in the 1st FXstreet.com Trading Contest
- Read our FX advisor's Trade Alerts and Market comments
- 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 Forex Commentary - Dollar under pressure by Jyske Bank
Forex Technical Analysis - EUR/USD:(1.3593) Back in LT channel of 1.2877 and above Bullish Flag by KBC Bank
Forex Technical Report - Forex Technical Report by iFOREX.bg
Currencies at a Glance
- EUR/USD
- Moves up toward first resistant level at 1.3623
05/16/2007 07:02 GMT - GBP/USD
- Moves up above yesterday high at 1.9871 , toward first resistant level at 1.9902
05/16/2007 07:02 GMT - USD/CHF
- Floating below opening price level at 1.2153 , below pivot level at 1.2160
05/16/2007 07:02 GMT - USD/JPY
- Continues to trade around opening price level at 120.26 , below pivot level at 120.31
05/16/2007 07:02 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 CONSUMER PRICE INDEX
| Date (GMT) | Event | Cons. | Previous | |
| May 16 | 09:00 | Consumer Price Index (YoY) | 1.8% | 1.9% |
| May 16 | 09:00 | Consumer Price Index (MoM) | 0.5% | 0.7% |
Friday Notes - EMU housing market- a slowdown, not a recession by HVB Group
We expect confirmation of the flash estimate reading, with eurozone inflation having eased to 1.8%, thanks to a favorable energy-related base effect. But our call is subject to clear upside risks. The core rate should remain unchanged at 1.9%. Overall, we expect inflation to show a temporary moderation in Q2 and Q3, and a rise back toward 2% in Q4.
[ Full Story ]Top Market Movers Review
Germany CONSUMER PRICE INDEX
| Date (GMT) | Event | Actual | Cons. | Previous | |
| May 16 | 06:00 | Consumer Price Index (MoM) | 0.4% | 0.4% | 0.4% |
| May 16 | 06:00 | Consumer Price Index (YoY) | 1.9% | 1.9% | 1.9% |
German CPI rises on education, food and energy (FXstreet.com)
Consumer prices increased in Germany in April, as expected, driven by food prices and education expenditures, according to data by the German Statistics Office, Destatis. Inflation at consumer level rose 0.4% from March, and 1.9% from April last year, figures in line with the analysts forecasts and with the preliminary data, released on April 27 an drawn from five of Germany’s 16 states.
[ Full Story ]- Read the Consumer prices in April 2007: +1.9% on April 2006 at German Statistics
- German April final CPI up 0.4 pct vs March; up 1.9 pct yr-on-yr (AFX News)
- DATA SNAP: Germany Final Apr CPI Unrevised At +1.9% YY (Dow Jones)
Australia WAGE PRICE INDEX
| Date (GMT) | Event | Actual | Cons. | Previous | |
| May 16 | 01:30 | Wage Price Index (YoY) | 4.1% | 4.4% | 4.0% |
| May 16 | 01:30 | Wage Price Index (QoQ) | 1.0% | 1.3% | 1.1% |
Asia Market Update - Aussie wage inflation under control despite tight labor market by Trade The News
Despite tight labor market conditions in Australia, there is no evidence of significant wage pressures: (AU Q1 WAGE PRICE INDEX QOQ: 1.0% V 1.3% expected; YOY: 4.1% V 4.4% expected).
[ Full Story ]- Read the Labour Price Index report at Australian Bureau of Statistics
- REPEAT: Australia 1Q Wage Idx +1.0% On Qtr Vs Consensus +1.3% (Dow Jones)
Economic Events
| Date (GMT) | Country | Event | Actual | Cons. | Previous | |
| May 16 | 04:30 | JP | Industrial Production (YoY) (Mar) | 2.0% | 1.6% | 3.1% |
| 05:00 | JP | Consumer Confidence (Apr) | 47.4 | 46.8 |
||
| 06:00 | DE | Consumer Price Index (MoM) (Apr) | 0.4% | 0.4% | 0.4% | |
| 06:00 | DE | Consumer Price Index (YoY) (Apr) | 1.9% | 1.9% | 1.9% | |
| 08:30 | UK | Average Earnings excluding Bonus (3Mo/Yr) (Mar) | 3.6% | 3.6% | ||
| 08:30 | UK | Average Earnings including Bonus (3Mo/Yr) (Mar) | 4.8% | 4.6% | ||
| 09:00 | EMU | Consumer Price Index (MoM) (Apr) | 0.5% | 0.7% | ||
| 09:00 | EMU | Consumer Price Index (YoY) (Apr) | 1.8% | 1.9% | ||
| 09:30 | UK | Bank of England Quarterly Inflation Report | ||||
| 12:30 | US | Housing Starts (YoY) (Apr) | 1.480M | 1.518M | ||