Friday, May 25, 07:24 GMT
EUROPEAN Trading Newsletter
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Live Sessions Schedule
What moves currencies? - Closing the week
Expert: Tony Juste
Start: Fri, May 25, 10:00 GMT
Sponsored by: 
Type of Session: Webinar
24 hour Outlook
Expert: John Putman
Start: Fri, May 25, 17:00 GMT
Sponsored by:
Type of Session: Webinar
| Sponsored By: | ||||
| Fri, May 25, 10:00 GMT | What moves currencies? - Closing the week | Tony Juste | WBN | |
| Fri, May 25, 14:00 GMT | Live Trading with the FX Advisor | Tony Juste | WBN | |
| Fri, May 25, 17:00 GMT | 24 hour Outlook  | John Putman | WBN | |
| Mon, May 28, 11:00 GMT | Weekly Webinar: 1st on Forex - The Week Ahead | Jerry Furst | WBN |  |
Current Session: Europe
EUR/USD
Daily Recommended Trades - The dollar continued to advance Vs the Euro by E-Forex
The dollar continued to advance Vs the Euro and it is now trading around the 1.3420 mark. Support is formed by 1.3415 backed by 1.3400, 1.3380 and 1.3350. Resistance emerges at 1.3450 followed by 1.3470 and 1.3500. Momentum is bearish on both hourly and daily studies.
- Looking for the Trader of the Year 2007: Take part in the 1st FXstreet.com Trading Contest
- Read the latest technical comments in Tony Juste's Weblog
- 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 - Long live carry-trades by Jyske Bank
Forex Technical Report - Forex Technical Report GBP/USD by iFOREX.bg
Currency Majors Technical Analysis - Currency Majors Technical Analysis by Mataf.net
Currencies at a Glance
- EUR/USD
- Moves down toward first support level at 1.3409
05/25/2007 05:00 GMT - GBP/USD
- Floating around pivot level at 1.9854
05/25/2007 05:00 GMT - USD/CHF
- Moves up around pivot level at 1.2285
05/25/2007 05:00 GMT - USD/JPY
- Back above second support level at 120.98 after bounced at 120.85
05/25/2007 05:00 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 GROSS DOMESTIC PRODUCT
| Date (GMT) | Event | Cons. | Previous | |
| May 25 | 08:30 | Gross Domestic Product (YoY) | 2.8% | 3.0% |
| May 25 | 08:30 | Gross Domestic Product (QoQ) | 0.7% | 0.7% |
Friday Notes - EMU Growth - As good as it gets by HVB Group
We expect the second release of Q1 GDP to confirm the preliminary estimate (+0.7% q-o-q or 2.8% y-o-y). The breakdown should show some deceleration in private consumption growth, while investment will remain the main driver. Next exports are likely to be neutral or slightly positive for overall growth.
[ Full Story ]Top Market Movers Review
Germany GFK CONSUMER CONFIDENCE SURVEY
| Date (GMT) | Event | Actual | Cons. | Previous | |
| May 25 | 06:10 | Gfk Consumer Confidence Survey | 7.3 | 6.0 | 5.7 |
German GfK consumer confidence rises higher than expected (FXstreet.com)
Consumer confidence has risen, larger than expected this time, according to a report released by Reuters citing GfK research group’s monthly survey. June’s consumer confidence has risen to 7.3 points, beating expectations of a 6.0 increase, at the same time the research group has revised May’s figure to a 5.7 increase, from the previously reported 5.5.
[ Full Story ]- Read the Consumer climate: growth forecast for private consumption raised from 0.5% to 1% at GfK
- Germany's GfK sees June consumer climate index 7.3 vs 5.7 in May (AFX News)
- German GfK Consumer Confidence Rises For June -Agency (Dow Jones)
Japan NATIONAL CONSUMER PRICE INDEX
| Date (GMT) | Event | Actual | Cons. | Previous | |
| May 24 | 23:30 | National Consumer Price Index (YoY) | -0.1% | 0% | -0.1% |
| May 24 | 23:30 | Tokyo Consumer Price Index (YoY) | 0% | 0.2% | 0.2% |
Asia Market Update - Inflation data fails to change the consensus on Japanese rates by Trade The News
Inflation data fails to change the consensus on Japanese rates: (JP APRIL CORE CPI YOY: -0.1% V -0.1% expected; CPI YOY: 0.0% V 0.0% expected) Tokyo's May Core CPI was flat on a YoY basis (at 0.0%, in line with analyst estimates at 0.0%).
[ Full Story ]- Read the Consumer Price Index report at Japan Ministry of Internal Affairs and Communications
- Japan Apr Core CPI -0.1% On Year; Mkt Expected -0.1% (Dow Jones)
Economic Events
| Date (GMT) | Country | Event | Actual | Cons. | Previous | |
| May 24 | 23:30 | JP | National Consumer Price Index (YoY) (Apr) | -0.1% | 0% | -0.1% |
| 23:30 | JP | Tokyo Consumer Price Index (YoY) (May) | 0% | 0.2% | 0.2% | |
| May 25 | 06:10 | DE | Gfk Consumer Confidence Survey (Jun) | 7.3 | 6.0 | 5.7 |
| 08:30 | UK | Gross Domestic Product (QoQ) (1Q)  | 0.7% | 0.7% | ||
| 08:30 | UK | Gross Domestic Product (YoY) (1Q) | 2.8% | 3.0% | ||
| 09:30 | CH | KOF Swiss Leading Indicator (May) | 1.95 | 1.90 | ||
| 14:00 | US | Existing Home Sales (Apr) | 6.10M | 6.12M | ||
| 14:00 | US | Existing Home Sales (MoM) | -0.3% | -8.4% | ||
| May 29 | 14:00 | CA | BoC Interest Rate Announcement | 4.25% | 4.25% | |