Friday, May 18, 08:04 GMT
EUROPEAN Trading Newsletter
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Live Sessions Schedule
What moves currencies? - Closing the week
Expert: Tony Juste
Start: Fri, May 18, 10:00 GMT
Sponsored by: 
Type of Session: Webinar
Trading with Tim Billups
Expert: Tim Billups
Start: Fri, May 18, 16:00 GMT
Sponsored by:
Type of Session: Webinar
| Sponsored By: | ||||
| Fri, May 18, 10:00 GMT | What moves currencies? - Closing the week | Tony Juste | WBN | |
| Fri, May 18, 14:00 GMT | Live Trading with the FX Advisor | Tony Juste | WBN | |
| Fri, May 18, 16:00 GMT | Trading with Tim Billups  | Tim Billups | WBN | |
| Fri, May 18, 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 dollar extended its gains on yesterday and the pair reached lows in the 1.3475 area after breaking the support level at 1.3500. Support is currently seen at 1.3475 backed by the key barrier at 1.3460 and 1.3430 lower. Resistance emerges at 1.3500 followed by 1.3525 and 1.3545.
- Looking for the Trader of the Year 2007: Take part in the 1st FXstreet.com Trading Contest
- What is going on? (majors 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:
Forex Technical Report - Forex Technical Report by iFOREX.bg
Daily Forex and Dow Jones Recommended Levels - Fxtechtrade by FXtechtrade
Daily Forex Commentary - Is it another holiday? by Jyske Bank
Currencies at a Glance
- EUR/USD
- Back around opening price level at 1.3494 , below pivot level at 1.3504
05/18/2007 07:10 GMT - GBP/USD
- Moves up toward pivot level at 1.9756
05/18/2007 07:10 GMT - USD/CHF
- Moves down below opening price level at 1.2269 , above pivot level at 1.2248
05/18/2007 07:10 GMT - USD/JPY
- Moves down toward pivot level at 121.10
05/18/2007 07:11 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 RETAIL SALES
| Date (GMT) | Event | Cons. | Previous | |
| May 18 | 08:30 | Retail Sales (YoY) | 4.7% | 4.8% |
| May 18 | 08:30 | Retail Sales (MoM) | 0.6% | 0.3% |
Friday Notes - EMU housing market- a slowdown, not a recession by HVB Group
After a stronger-than-expected slowdown in March, we expect retail sales growth to have been pretty stable at 0.3% m-o-m, with the annual growth rate down to 4.3%. Earlier indications from the British Retail Consortium and Confederation of British Industry surveys sent mixed signal, with the former pointing to some slowdown and the latter showing a significant improvement in April. As we prefer the BRC, we remain quite cautious.
[ Full Story ]Top Market Movers Review
Germany PRODUCER PRICE INDEX
| Date (GMT) | Event | Actual | Cons. | Previous | |
| May 18 | 06:00 | Producer Price Index (YoY) | 1.6% | - | 2.5% |
| May 18 | 06:00 | Producer Price Index (MoM) | 0.1% | 0.3% | 0.3% |
German April PPI up 0.1 pct vs March, up 1.6 pct yr-on-yr (AFX News)
Producer prices in Germany rose 0.1 pct in April from March and rose 1.6 pct from April last year, the Federal Statistics Office said. Economists polled by Thomson Financial News had expected a 0.3 pct rise month-on-month and a year-on-year rise of 1.8 pct.
[ Full Story ]- Read the Producer prices April 2007: +1.6% on April 2006 at Federal Statistical Office of Germany
- DATA SNAP: German April PPI +0.1% On Mo, +1.6% On Year -2- (Dow Jones)
- DATA SNAP: German April PPI +0.1% On Mo, +1.6% On Year (Dow Jones)
Economic Events
| Date (GMT) | Country | Event | Actual | Cons. | Previous | |
| May 18 | 05:00 | EMU | G8 Meeting of Finance Ministers Commences | |||
| 05:00 | JP | Leading Economic Index (Mar) | 36.4 | 40.9 | ||
| 06:00 | DE | Producer Price Index (MoM) | 0.1% | 0.3% | 0.3% | |
| 06:00 | DE | Producer Price Index (YoY) | 1.6% | 2.5% | ||
| 08:30 | UK | Retail Sales (MoM) (Apr) | 0.6% | 0.3% | ||
| 08:30 | UK | Retail Sales (YoY) (Apr) | 4.7% | 4.8% | ||
| 12:30 | CA | Retail Sales (MoM) (Mar) | 0.7% | 0.1% | ||
| 12:30 | CA | Retail Sales ex Autos (MoM) (Mar) | 1% | 1% | ||
| 14:00 | US | Reuters/Michigan Consumer Sentiment Index (May)  | 86.8 | 87.1 | ||
| May 23 | 14:30 | US | EIA Crude Oil Stocks (May 18) | 1.1M | ||