Thursday, May 31, 15:34 GMT
EUROPEAN Trading Newsletter
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Live Sessions Schedule
What moves currencies? - Small Dollars watch
Expert: Tony Juste
Start: Thu, May 31, 10:00 GMT
Sponsored by: 
Type of Session: Webinar
Watch Live Coverage of the US GDP
Expert: Jerry Furst
Start: Thu, May 31, 11:30 GMT
Sponsored by: 
Type of Session: Webinar
| Sponsored By: | ||||
| Thu, May 31, 10:00 GMT | What moves currencies? - Small Dollars watch | Tony Juste | WBN | |
| Thu, May 31, 11:30 GMT | Watch Live Coverage of the US GDP | Jerry Furst | WBN | |
| Thu, May 31, 13:00 GMT | Raghee Horner's Four Step Trading: Forex  | Raghee Horner | WBN |  |
| Thu, May 31, 14:00 GMT | Trading the Andrew’s Pitchfork with advanced techniques | Sunil Mangwani | WBN |  |
Current Session: Europe
EUR/USD
Forex Technical Analysis - EUR/USD:(1.3438) Currently below the LT channel of 1.2877 but still in Bullish Flag (see graph) 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 currently below the channel off 1.2877 but still in bullish Flag off 1.3683 (see graph).
- Looking for the Trader of the Year 2007: Take part in the 1st FXstreet.com Trading Contest
- Price Flash: EUR/USD confirms the divergence and climbs to 1.3437by 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 Forex Commentary - Heavy data in focus by Jyske Bank
Daily Recommended Trades - EUR/USD daily outlook by E-Forex
Forex Technical Report - Forex Technical Report GBP/USD by iFOREX.bg
Currencies at a Glance
- EUR/USD
- Moves up toward first resistant level at 1.3455
05/31/2007 06:54 GMT - GBP/USD
- Moves down toward yesterday low at 1.9734 , below pivot level at 1.9774
05/31/2007 06:54 GMT - USD/CHF
- Moves down toward first support level at 1.2234
05/31/2007 06:54 GMT - USD/JPY
- Moves up above pivot level at 121.57
05/31/2007 06:54 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
Germany UNEMPLOYMENT CHANGE
| Date (GMT) | Event | Cons. | Previous | |
| May 31 | 07:55 | Unemployment Change | -21K | -9K |
| May 31 | 07:55 | Unemployment Rate s.a. | 9.1% | 9.2% |
Friday Notes - Risk of rising inflation expectations by HVB Group
The consistently mild winter weather slowed substantially the usual increase in winter unemployment. For that reason, the decline in May should - accordingly - also be smaller than the average recovery of roughly 160k. The solid corporate investment activity should, however, have reduced the adjusted number further.
[ Full Story ]Top Market Movers Review
UK NATIONWIDE HOUSING PRICES S.A
| Date (GMT) | Event | Actual | Cons. | Previous | |
| May 31 | 06:00 | Nationwide Housing Prices n.s.a (YoY) | 10.3% | 10.4% | 10.2% |
| May 31 | 06:00 | Nationwide Housing Prices s.a (MoM) | 0.5% | 0.6% | 0.9% |
Economic Data Roundup - United Kingdom: 31/5 Nationwide House Price Index (May) by ODL Securities
The April data from the Nationwide were stronger than expected, with house prices rising 0.9% after seasonal adjustment. This was a major acceleration on March’s upwardly revised 0.5% increase, and was sufficient to push the annual rate of change back above 10%.
[ Full Story ]Switzerland GROSS DOMESTIC PRODUCT S.A.
| Date (GMT) | Event | Actual | Cons. | Previous | |
| May 31 | 05:45 | Gross Domestic Product (YoY) | 2.4% | 2.2% | 2.2% |
| May 31 | 05:45 | Gross Domestic Product s.a. (QoQ) | 0.8% | 0.6% | 0.5% |
Swiss Q1 GDP up 2.4 pct yr-on-yr, reaches upper end of forecasts (AFX News)
Switzerland's first quarter GDP grew a real (or inflation-adjusted) 0.8 pct from the fourth quarter of last year and increased a 2.4 pct year-on-year, the Swiss state secretariat for economic affairs (SECO) said. The country's real gross domestic product rise was driven by consumer spending and robust exports, SECO said.
[ Full Story ]- Rear the report: Gross Domestic Product in Q1 2007 - Buoyant economic climate with strong trade balance and private consumption at SECO
Start the Day - Swiss Q1 GDP +0.8% Q/Q, +2.4% Y/Y versus +0.5% and +2.2% Q4 by Mizuho Corporate Bank
Economic Events
| Date (GMT) | Country | Event | Actual | Cons. | Previous | |
| May 31 | 05:45 | CH | Gross Domestic Product (YoY) (1Q) | 2.4% | 2.2% | 2.2% |
| 05:45 | CH | Gross Domestic Product s.a. (QoQ) (1Q) | 0.8% | 0.6% | 0.5% | |
| 06:00 | UK | Nationwide Housing Prices n.s.a (YoY) (May) | 10.3% | 10.4% | 10.2% | |
| 06:00 | UK | Nationwide Housing Prices s.a (MoM) (May) | 0.5% | 0.6% | 0.9% | |
| 07:55 | DE | Unemployment Change (May) | -21K | -9K | ||
| 07:55 | DE | Unemployment Rate s.a. (May) | 9.1% | 9.2% | ||
| 08:30 | UK | M4 Money Supply (MoM) (Apr) | 1.4% | 1.4% | ||
| 08:30 | UK | M4 Money Supply (YoY) (Apr) | 13.3% | 13.3% | ||
| 08:30 | UK | M4 Sterling Lending (Apr) | 21.1B | 21.1B | ||
| 08:30 | UK | Net Consumer Credit (Apr) | 0.9B | 0.9B | ||