Wednesday, May 30, 07:25 GMT
EUROPEAN Trading Newsletter
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Live Sessions Schedule
What moves currencies?
Expert: Tony Juste
Start: Wed, May 30, 10:00 GMT
Sponsored by: 
Type of Session: Webinar
Re-examining profit/loss ratios
Expert: Grace Cheng
Start: Wed, May 30, 14:00 GMT
Sponsored by: 
Type of Session: Webinar
| Sponsored By: | ||||
| Wed, May 30, 10:00 GMT | What moves currencies? | Tony Juste | WBN | |
| Wed, May 30, 12:00 GMT | US Pre-Market Open  | Ed Ponsi | WBN | |
| Wed, May 30, 13:20 GMT | US Session Open | Ed Ponsi | WBN | |
| Wed, May 30, 14:00 GMT | Re-examining profit/loss ratios | Grace Cheng | WBN | |
Current Session: Europe
EUR/USD
Forex Technical Analysis - EUR/USD:(1.3448) Currently trying to settle back in the LT channel of 1.2877 and back in Bullish Flag by KBC Bank
Pair currently back below LT daily Downtrenline off 1992 (synthetic charts: 1.3459 today). Medium Term: 1.3310 = broken monthly Downtrendline off 1992 on same charts.
The pair is now trying to regain the channel off 1.2877 and is back in bullish Flag off 1.3683
- Looking for the Trader of the Year 2007: Take part in the 1st FXstreet.com Trading Contest
- Trade Alert (intraday): EUR/USD (IV) 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:
Daily Recommended Trades - EUR/USD daily outlook by E-Forex
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 below opening price level at 1.3447 , below pivot level at 1.3462
05/30/2007 06:52 GMT - GBP/USD
- Moves down below yesterday low at 1.9788 , below pivot level at 1.9832
05/30/2007 06:52 GMT - USD/CHF
- Trades around pivot level 1.2253
05/30/2007 06:52 GMT - USD/JPY
- Moves up above pivot level at 121.54 after bounced at first support level 121.28
05/30/2007 06:52 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
EMU M3
| Date (GMT) | Event | Cons. | Previous | |
| May 30 | 08:00 | M3 (YoY) | 10.7% | 10.9% |
Friday Notes - Risk of rising inflation expectations by HVB Group
M3 growth should have remained strong and well above any ECB comfort level. While bank lending to private households is expected to have decelerated slightly, loans to non-financial corporations should have grown very solidly. This underpins our view of strong momentum in eurozone investment.
[ Full Story ]Top Market Movers Review
Australia RETAIL SALES
| Date (GMT) | Event | Actual | Cons. | Previous | |
| May 30 | 01:30 | Retail Sales (MoM) | 0.1% | 0.5% | 1.1% |
| May 30 | 01:30 | Construction Work Done | 0.8% | 1.2% | 1.0% |
DATA SNAP: Australian Apr Retail Sales Rise 0.1% Vs Mar (Dow Jones)
Australian retail sales rose a lower-than-expected 0.1% to a seasonally adjusted A$19.01 billion in April from A$19.00 billion in March and rose from A$17.90 billion a year earlier, the Australian Bureau of Statistics said Wednesday. Economists surveyed ahead of the announcement on average had expected a 0.5% rise in sales for April.
[ Full Story ]- Read the Retail Sales report at Australian Bureau of Statistics
- Australia April retail sales up 0.1 pct mth-on-mth, seasonally adjusted (AFX News)
Japan INDUSTRIAL PRODUCTION
| Date (GMT) | Event | Actual | Cons. | Previous | |
| May 29 | 23:50 | Industrial Production (YoY) | 2.3% | 2.8% | 2.0% |
| May 29 | 23:50 | Industrial Production (MoM) | -0.1% | 0.5% | -0.3% |
ROUNDUP - Japan April output falls on slower US demand, IT inventory adjustments (AFX News)
Industrial output in April fell unexpectedly from a month earlier as automakers slashed production in response to slower demand in the US, and as the electronics devices sector curtailed output due to ongoing inventory adjustments in the IT sector.
[ Full Story ]- Read the Industrial Production report at Japan Ministry of Economy, Trade and Industry
- Japanese govt bonds end morning mixed after weak industrial output (AFX News)
- Japan April industrial output slips from March on lower auto output - UPDATE (AFX News)
- Japan April industrial output down 0.1 pct from March; drop unexpected (AFX News)
Economic Events
| Date (GMT) | Country | Event | Actual | Cons. | Previous | |
| May 29 | 23:50 | JP | Industrial Production (MoM) | -0.1% | 0.5% | -0.3% |
| 23:50 | JP | Industrial Production (YoY) (Mar) | 2.3% | 2.8% | 2.0% | |
| May 30 | 01:30 | AU | Construction Work Done | 0.8% | 1.2% | 1.0% |
| 01:30 | AU | Retail Sales (MoM) | 0.1% | 0.5% | 1.1% | |
| 08:00 | EMU | Bloomberg Retail PMI | 54.6 | |||
| 08:00 | DE | Bloomberg Retail PMI | 55.6 | |||
| 08:00 | EMU | M3 (YoY) | 10.7% | 10.9% | ||
| 12:15 | US | ADP Employment Change | 115K | 64K | ||
| 17:00 | UK | BOE's Blanchflower to hold speech in London | ||||
| 18:00 | US | FOMC Minutes (May 9) | ||||