Wednesday, May 23, 07:39 GMT
EUROPEAN Trading Newsletter
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Live Sessions Schedule
Asia-Pacific trading Webinar
Expert: Abdul Khan
Start: Wed, May 23, 08:30 GMT
Sponsored by: 
Type of Session: Webinar
What moves currencies? - JPY crosses watch
Expert: Tony Juste
Start: Wed, May 23, 10:00 GMT
Sponsored by: 
Type of Session: Webinar
| Sponsored By: | ||||
| Wed, May 23, 08:30 GMT | Asia-Pacific trading Webinar | Abdul Khan | WBN | |
| Wed, May 23, 10:00 GMT | What moves currencies? - JPY crosses watch | Tony Juste | WBN | |
| Wed, May 23, 15:00 GMT | An Introduction to Trading FX Binary Options | Peter A. Rosenstreich | WBN | |
| Wed, May 23, 17:00 GMT | 24 hour Outlook  | John Putman | WBN | |
Current Session: Europe
EUR/USD
Daily Recommended Trades - The Euro continues to trade near multi-week lows by E-Forex
The Euro continues to trade near multi-week lows Vs the US dollar orbiting around 1.3450. Support is seen at 1.3435 backed by 1.3420 and 1.3400. Resistance emerges at 1.3470 followed by 1.3500 and 1.3530 higher. Daily sentiment is bearish and there are no clues of a potential reverse, hourly sentiment is slightly bullish.
- Looking for the Trader of the Year 2007: Take part in the 1st FXstreet.com Trading Contest
- Price Flash: GBP/USD ticks into extreme overbought territory following the bullish MA's trigger 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 - 1,3458. EUR USD is in an downtrend by Mataf.net
Forecast on Forex Majors - Forecast on Forex Majors by FX-Strategy
Currencies at a Glance
- EUR/USD
- Floating around pivot level at 1.3435
05/23/2007 07:01 GMT - GBP/USD
- Stays above pivot level at 1.9738
05/23/2007 07:01 GMT - USD/CHF
- Moves down below first support level at 1.2276
05/23/2007 07:01 GMT - USD/JPY
- Continues to trade around first resistant level at 121.70
05/23/2007 07:01 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 BANK OF ENGLAND MINUTES
| Date (GMT) | Event | Cons. | Previous | |
| May 23 | 08:30 | Bank of England Minutes | - | - |
Economic Data Roundup - United Kingdom: 23/5 Minutes of MPC meeting (9-10/5) by ODL Securities
Unlike the previous two, the latest quarter-point rise in interest rates had been fully expected. Central to the MPC’s decision was the belief that the risks to inflation over the medium term remained to the upside.
[ Full Story ]Wakeup Call on Forex Markets - BoE Minutes most important today by Saxo Bank
Daily Forex Technical Report - MPC Minutes Could be Anti-Climax by ActionForex.com
Top Market Movers Review
Australia LEADING INDICATOR INDEX
| Date (GMT) | Event | Actual | Cons. | Previous | |
| May 23 | 00:30 | Leading Indicator Index (YoY) | 4.4% | - | 5.0% |
Australian Leading Economic Index +4.4% In March (Dow Jones)
A leading index of the Australian economy grew at an annualized rate of 4.4% in March, well above its long-term average of 4.0%. The index stood at 245.9 in March, compared with 245.5 in February, when the annualized growth rate stood at 5.0%.
[ Full Story ]Economic Events
| Date (GMT) | Country | Event | Actual | Cons. | Previous | |
| May 22 | 23:50 | JP | All Industry Activity Index (MoM) (Mar) | -1.4% | -0.3% | 0.9% |
| May 23 | 00:30 | AU | Leading Indicator Index (YoY) | 4.4% | 5.0% | |
| 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% | ||
| 12:30 | CA | Leading Indicators (MoM) (Apr) | 0.4% | 0.4% | ||
| 14:30 | US | EIA Crude Oil Stocks (May 18) | 1.1M | |||
| 15:45 | US | Treasury Secretary Paulson Meets With Chinese Official in Washintong | ||||
| 22:45 | NZ | Trade Balance (Apr) | 0.061B | |||
| May 24 | 06:00 | DE | Gross Domestic Product w.d.a (YoY) | 3.6% | 1.0% | |