Tuesday, May 13, 07:16 GMT
EUROPEAN Trading Newsletter
To Get Started
- From the Editor's Desk: Day Trading Series - Chapter VI: Tips and Tricks for Successful Day Trading by Markus Heitkoetter
- FX Services: Day trading resources
- Advanced FX Charts: Over 1,500 pairs
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Live Sessions Schedule
Outlook for the major currencies this week
Expert: Ian Copsey
Start: Tue, May 13, 08:00 GMT
Sponsored by: 
Type of Session: Webinar
FX Instructor Live Trading Room
Expert: Mark De La Paz
Start: Tue, May 13, 11:00 GMT
Sponsored by: 
Type of Session: Webinar
| Sponsored by | ||||
| Tue, May 13, 08:00 GMT | Outlook for the major currencies this week | Ian Copsey | WBN | |
| Tue, May 13, 11:00 GMT | FX Instructor Live Trading Room  | Mark De La Paz | WBN | |
| Tue, May 13, 12:30 GMT | Dan Blystone's Daily Briefing | Dan Blystone | WBN |  |
| Tue, May 13, 14:00 GMT | The Weather Report: Ichimoku Cloud Trading | Chris Capre | WBN | |
Current Session: Europe
USD/JPY
Daily Technical Outlook − Bearish to neutral, despite the rally Monday by Global Market Research, Inc. (GMR)
Daily Comments – Bearish to neutral. Despite the rally Monday, daily trend stayed officially bearish. The setup today is neutral, however. Resistance is combined day/weekly level at 104.12, 104.52 and 105.51. Supports are 103.03, plus combined May/day zone at 102.59/53. Expecting a two−way day from 103.03 to 104.12.
- Raghee Horner's Four Step Trading: Forex by Raghee Horner, co−Founder and Lead Trader Raghee.com
- Check out how pairs moved: Live Currency Rates & Charts
- Follow up the most relevant Economic Data in the new Real Time Economic Calendar
Banks' Analysis
Daily Forex Commentary − CPI from Sweden and the UK by Jyske Bank
Currency Performance
Currency Performance Report − Asia Session Performance by FXstreet.com
Currencies at a Glance
- EUR/USD
- Trades around opening price level 1.5550 , above pivot level 1.5496
05/13/2008 06:53 GMT - GBP/USD
- Trades below pivot level 1.9550
05/13/2008 06:53 GMT - USD/CHF
- Trades below pivot level 1.0450
05/13/2008 06:54 GMT - USD/JPY
- Trades around opening price level 103.75 , above pivot level 103.45
05/13/2008 06:55 GMT
Analyst Sentiment Index (ASI)
Analysts Sentiment Index - EUR/USD
**Source : ActionForex.com, CMS Forex, Danske Bank A/S, FXstreet.com, Global Forex Trading, Mizuho Corporate Bank
[ View ASI page ] [ View EUR/USD page ]
Charting the Market Movers
USD JPY, Hourly
GBP USD, Hourly
Top Market Movers Preview
UK CONSUMER PRICE INDEX
| Date (GMT) | Event | Cons. | Previous | |
| May 13 | 08:30 | Consumer Price Index (MoM) | 0.5% | 0.4% |
| May 13 | 08:30 | Core Consumer Price Index (YoY) | 1.3% | 1.2% |
Daily Forex Commentary - CPI from Sweden and the UK by Jyske Bank
GBP weakened on the release of the data and both the currency and the short UK rates are likely to come under pressure today – especially if the CPI due 10.30 will be weaker than expected. EURGBP (GBPDKK) is a funny "size" at the moment.
[ Full Story ]Forex Trading Strategies - UK shows signs of steeper slowdown, but also high inflation by Saxo Bank
Daily Forex Outlook - GBP rallies on the back of sturdy PPI, ahead of Retail Sales and CPI figures today by Easy Forex
Top Market Movers Review
UK BRC RETAIL SALES MONITOR − ALL
| Date (GMT) | Event | Actual | Cons. | Previous | |
| May 12 | 23:01 | BRC Retail Sales Monitor − All (YoY) | -1.5% | - | -1.6% |
DATA SNAP:UK Apr Retail Sales Largest Fall Since Spring 05 (Dow Jones)
U.K. retail sales experienced their largest year−on−year fall for three years in April, with sales of clothing and footwear the weakest for eight years, the British Retail Consortium said Tuesday. Same−store retail sales were down 1.5% on April 2007, the largest drop since spring 2005, and the second consecutive monthly decline.
[ Full Story ]- Read the Retail Sales Monitor report at BRC website
- UK APRIL LIKE−FOR−LIKE RETAIL SALES DOWN ANNUAL 1.5 PCT vs +0.2 expected − BRC (Thomson Financial News)
UK RICS HOUSE PRICE BALANCE
| Date (GMT) | Event | Actual | Cons. | Previous | |
| May 12 | 23:01 | RICS House Price Balance | -95.1% | -80.0% | -78.5% |
DATA SNAP: UK RICS House Price Balance Sinks To Record Low (Dow Jones)
Sentiment in the housing market in England and Wales deteriorated to its weakest level in more than 30 years in April as the global credit crisis weighed on demand and reduced the number of transactions, the Royal Institution of Chartered Surveyors said Tuesday.
[ Full Story ]- Read the House Price Balance report at RICS website
- UK RICS April house price balance −95.1 pct, record low (Thomson Financial News)
Economic Events
| Date (GMT) | Country | Event | Actual | Cons. | Previous | |
| May 12 | 18:00 | US | Monthly Budget Statement (Apr) | 159.3B | -48.1B | |
| 22:45 | NZ | Food Price Index (MoM) (Apr) | 0.3% | 0.7% | ||
| 23:01 | UK | BRC Retail Sales Monitor − All (YoY) (Apr) | -1.5% | -1.6% | ||
| 23:01 | UK | RICS House Price Balance (Apr) | -95.1% | -80.0% | -78.5% | |
| May 13 | 08:30 | UK | Consumer Price Index (MoM) (Apr) | 0.5% | 0.4% | |
| 08:30 | UK | Consumer Price Index (YoY) (Apr) | 2.6% | 2.5% | ||
| 08:30 | UK | Core Consumer Price Index (YoY) (Apr) | 1.3% | 1.2% | ||
| 08:30 | UK | DCLG House Price Index (YoY) (Mar) | 4.5% | 6.7% | ||
| 08:30 | UK | Retail Price Index (MoM) (Apr) | 0.6% | 0.3% | ||
| 08:30 | UK | Retail Price Index (YoY) (Apr) | 3.9% | 3.8% | ||