Thursday, May 17, 07:34 GMT
EUROPEAN Trading Newsletter
To Get Started
- Looking for the Trader of the Year 2007: Take part in the 1st FXstreet.com Trading Contest
- Monthly Webinar: Join Raghee Horner through her Four Step Trading approach
- The Signals Tracker: track down the performance of a particular signal provider
- Check out all our Delivery Options
- The Advisor Blog: Lack of follow-through
- 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? - BoJ analysis
Expert: Tony Juste
Start: Thu, May 17, 10:00 GMT
Sponsored by: 
Type of Session: Webinar
Raghee Horner's Four Step Trading: Forex
Expert: Raghee Horner
Start: Thu, May 17, 13:00 GMT
Sponsored by: 
Type of Session: Webinar
| Sponsored By: | ||||
| Thu, May 17, 10:00 GMT | What moves currencies? - BoJ analysis | Tony Juste | WBN | |
| Thu, May 17, 13:00 GMT | Raghee Horner's Four Step Trading: Forex  | Raghee Horner | WBN | |
| Thu, May 17, 13:30 GMT | Trading the Andrew’s Pitchfork with advanced techniques | Sunil Mangwani | WBN | |
| Thu, May 17, 15:00 GMT | Event trading and technical analysis | Don Wilcox | WBN | |
Current Session: Europe
EURUSD
Daily Recommended Trades - EUR/USD daily outlook by E-Forex
The dollar remains firmer across the board after recovering its recent losses Vs the Euro on yesterday by breaking the key support at 1.3560. Support is seen at 1.3500 backed by 1.3460 and 1.3420. Resistance emerges at 1.3560 followed by 1.3580 and 1.3610. Daily sentiment is bearish, hourly is neutral.
- Looking for the Trader of the Year 2007: Take part in the 1st FXstreet.com Trading Contest
- US Industrial Production data 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:
Forex Technical Report - Forex Technical Report by iFOREX.bg
Currency Majors Technical Analysis - 1,3526. EUR USD is in a consolidation after the last bearish movement by Mataf.net
Currency Performance Report - Asia Session Performance by FXstreet.com
Currencies at a Glance
- EUR/USD
- Moving up toward pivot level at 1.3542
05/17/2007 06:55 GMT - GBP/USD
- Floating around opening price level at 1.9770 , below pivot level at 1.9799
05/17/2007 06:55 GMT - USD/CHF
- Moving down toward pivot level at 1.2206
05/17/2007 06:55 GMT - USD/JPY
- Moves up toward first resistant level at 121.03
05/17/2007 06:55 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
Canada CONSUMER PRICE INDEX
| Date (GMT) | Event | Cons. | Previous | |
| May 17 | 11:00 | Consumer Price Index (YoY) | 2.1% | 2.3% |
| May 17 | 11:00 | Consumer Price Index (MoM) | 0.3% | 0.8% |
Weekly Economic Letter - Inflation still clearly on the Fed’s mind by National Bank of Canada
[ Full Story ]- Tony Juste, FX Advisor at FXstreet.com: "The CAD is in spotlight these days as Canada is showing a good tone in the economy these days, and some even have been speculating with the possibility of a rate hike on cards if the CPI numbers start to point out an inflation pick-up. Volatility will rise dramatically on the news for all CAD pairs." - FXstreet.com
Top Market Movers Review
Japan BOJ INTEREST RATE DECISION
| Date (GMT) | Event | Actual | Cons. | Previous | |
| May 17 | 04:00 | BoJ Interest Rate Decision | 0.5% | 0.5% | 0.5% |
Bank of Japan keeps overnight call rate target unchanged (AFX News)
The Bank of Japan kept its overnight call rate target unchanged at 0.50 pct for the fourth straight meeting, as widely expected by the market. The central bank said the vote by its nine-member policy board had been unanimous. The board also decided to leave the Lombard rate, at which it lends direct to commercial banks, at 0.75 pct.
[ Full Story ]- Read the Interest Rate decision at Bank of Japan
- UPDATE: BOJ Leaves Econ View Unchanged In May Report (Dow Jones)
- Bank of Japan says economy to continue gradual expansion - UPDATE (AFX News)
Weekly Analysis - Euro Gains versus Dollar, Yen on Outlook for Interest-Rate Rise by Finotec Group Inc.
Japan GROSS DOMESTIC PRODUCT ANNUALIZED
| Date (GMT) | Event | Actual | Cons. | Previous | |
| May 16 | 23:50 | Gross Domestic Product Annualized | 2.4% | 2.7% | 5.5% |
Japan Jan-March GDP up 0.6 pct, annualized growth 2.4 pct; below forecast (AFX News)
The Japanese economy grew 0.6 pct in real terms in the three months to March compared to the previous quarter, or at an annualized rate of 2.4 pct, the Cabinet Office reported. Ten economists polled by XFN-Asia were looking for quarter-on-quarter expansion of 0.7 pct and annualized growth of 2.6 pct, on average.
[ Full Story ]- Read the GDP report at Japan Cabinet Office
- Japan Jan-March GDP components quarter-on-quarter percentage changes (AFX News)
- DATA SNAP:Japan Jan-Mar GDP +0.6% Q/Q, Matches Forecast (Dow Jones)
Economic Events
| Date (GMT) | Country | Event | Actual | Cons. | Previous | |
| May 17 | 01:30 | AU | Average Weekly Wages (QoQ) (Feb) | 1.1% | 0.7% | |
| 01:30 | AU | Average Weekly Wages (YoY) (Feb) | 3.5% | 3.2% | ||
| 04:00 | JP | BoJ Interest Rate Decision | 0.5% | 0.5% | 0.5% | |
| 06:30 | JP | BoJ Governor Fukui Speaks | ||||
| 11:00 | CA | Bank of Canada Consumer Price Index Core (MoM) (Apr) | 0.1% | 0.3% | ||
| 11:00 | CA | Bank of Canada Consumer Price Index Core (YoY) (Apr) | 2.4% | 2.3% | ||
| 11:00 | CA | Consumer Price Index (MoM) (Apr) | 0.3% | 0.8% | ||
| 11:00 | CA | Consumer Price Index (YoY) (Apr) | 2.1% | 2.3% | ||
| 14:00 | US | Leading Indicators (MoM) (Apr) | 0% | 0.1% | ||
| 16:00 | US | Philadelphia Fed Manufacturing Survey (May) | 3.5 | 0.2 | ||