Monday, May 21, 07:39 GMT
EUROPEAN Trading Newsletter
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Live Sessions Schedule
What moves currencies? - Previewing the Week Ahead
Expert: Tony Juste
Start: Mon, May 21, 10:00 GMT
Sponsored by: 
Type of Session: Webinar
Weekly Webinar: 1st on Forex - The Week Ahead
Expert: Jerry Furst
Start: Mon, May 21, 11:00 GMT
Sponsored by: 
Type of Session: Webinar
| Sponsored By: | ||||
| Mon, May 21, 10:00 GMT | What moves currencies? - Previewing the Week Ahead | Tony Juste | WBN | |
| Mon, May 21, 11:00 GMT | Weekly Webinar: 1st on Forex - The Week Ahead | Jerry Furst | WBN | |
| Mon, May 21, 14:00 GMT | Derek Frey's Outlook | Derek Frey | WBN |  |
| Mon, May 21, 16:00 GMT | Trading with Tim Billups  | Tim Billups | WBN | |
Current Session: Europe
USD/JPY
US Trading Preview - The dollar holds steady against the majors heading into the week by Forexnews.com
The yen continues to lose ground following last week's announcement from China expand the trading band for the yuan. The Japanese currency slumped to a fresh all-time low against the euro earlier in the session, falling to 163.90. In the coming week, traders will digest the Bank of Japan's April policy meeting minutes, trade balance, and more importantly, the April consumer price inflation readings.
- Looking for the Trader of the Year 2007: Take part in the 1st FXstreet.com Trading Contest
- Trade Alert (m/t): EUR/JPY 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 Analysis - EUR/USD:(1.3515) Back in LT channel of 1.2877 and in Bullish Flag by KBC Bank
Daily Recommended Trades - EUR/USD daily outlook by E-Forex
Forecast on Forex Majors - Forecast on Forex Majors by FX-Strategy
Currencies at a Glance
- EUR/USD
- Moving down toward pivot level at 1.3498
05/21/2007 07:33 GMT - GBP/USD
- Moving down below pivot level at 1.9740
05/21/2007 07:33 GMT - USD/CHF
- Moving up toward first resistant level at 1.2286
05/21/2007 07:33 GMT - USD/JPY
- Moving up toward first resistant level at 121.43
05/21/2007 07:33 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 M4 MONEY SUPPLY
| Date (GMT) | Event | Cons. | Previous | |
| May 21 | 08:30 | M4 Money Supply (YoY) | 12.5% | 12.7% |
Daily Technical Analysis - GBP: Still probing the downside while holding in a ‘flag’ formation by Mizuho Corporate Bank
Still probing the downside while holding in a ‘flag’ formation. Expect more random work around 1.9800. Note that from very overbought Cable is now almost oversold and momentum is nil.
[ Full Story ]Top Market Movers Review
UK RIGHTMOVE HOUSE PRICE INDEX
| Date (GMT) | Event | Actual | Cons. | Previous | |
| May 20 | 23:01 | Rightmove House Price Index (MoM) | 0.4% | - | 3.6% |
UK Rightmove May House Price Index +0.4% On Mo, +13.1% On Yr (Dow Jones)
U.K. house prices rose at their slowest monthly pace so far this year during May, suggesting recent interest rate hikes are finally beginning to cool the housing market, figures released Monday by online estate agency Rightmove showed.
[ Full Story ]- Read the House Price Index report at Rightmove Agency
- UK May house prices grow at slowest monthly rate this year - Rightmove (AFX News)
Economic Events
| Date (GMT) | Country | Event | Actual | Cons. | Previous | |
| May 20 | 23:01 | UK | Rightmove House Price Index (MoM) | 0.4% | 3.6% | |
| May 21 | 08:30 | UK | M4 Money Supply (YoY) | 12.5% | 12.7% | |
| 08:30 | UK | M4 Sterling Lending | 17.9B | 9.7B | ||
| 08:30 | UK | Public Sector Net Borrowing | 1.5 | 8.5 | ||
| May 22 | 05:00 | JP | BoJ Minutes | |||
| 09:00 | EMU | Trade Balance s.a. | €0.7B | |||
| 09:00 | DE | ZEW Survey - Economic Sentiment | 22.0 | 16.5 | ||
| May 23 | 08:30 | UK | Bank of England Minutes | |||
| 09:00 | EMU | Industrial New Orders (YoY) | 5.9% | 4.7% | ||
| 09:00 | EMU | Industrial New Orders s.a. (MoM) | 1.0% | -0.7% | ||