Monday, May 19, 07:33 GMT
EUROPEAN Trading Newsletter
To Get Started
- Webinar VIDEOS: Advanced APF Methods To Determine The Price Momentum by Sunil Mangwani
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Live Sessions Schedule
Understand & Use Fibonacci Ratio's Effectively
Expert: Sunil Mangwani
Start: Mon, May 19, 10:00 GMT
Sponsored by: 
Type of Session: Webinar
Dan Blystone's Daily Briefing
Expert: Dan Blystone
Start: Mon, May 19, 12:30 GMT
Type of Session: Webinar
| Sponsored by | ||||
| Mon, May 19, 10:00 GMT | Understand & Use Fibonacci Ratio's Effectively | Sunil Mangwani | WBN | |
| Mon, May 19, 12:30 GMT | Dan Blystone's Daily Briefing | Dan Blystone | WBN |  |
| Mon, May 19, 14:00 GMT | Derek Frey's Outlook | Derek Frey | WBN |  |
| Mon, May 19, 15:00 GMT | Advanced Methods for Finding Dominant Trends in Forex Markets  | Steve Primo | WBN | |
Current Session: Europe
EUR/USD
Forex Technical Analysis − EUR/USD: (1.5562) Retested 1.5593 (neckline Double Bottom: see graph) by KBC Bank
Rebound off 1.5285 retested 1.5593 (neckline of Double Bottom: see graph) and above daily Medium Term Moving Average↑ (1.5481 today): 1st Support area at 1.5550 (break−up hourly), with next levels at 1.5504/ .5502 (daily envelope bottom/ daily Short Term Moving Average↑) and 1.5481 (see above), where pause favored.
- Dan Blystone's Daily Briefing at 12:30 GMT/08:30 EDT
- Using CCI and Stochastics For Long and Short Term Forex Trading by Sam Seiden, Stocks and Commodities Instructor
- 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
Today's Technical Trading Points by Danske Bank A/S
Weekly Analysis
Weekly Forex Market Commentary − The US economic agenda will open on Monday by Global Forex Trading
Currencies at a Glance
- EUR/USD
- Trades above pivot level 1.5544
05/19/2008 06:56 GMT - GBP/USD
- Trades around opening price level 1.9568 , above pivot level 1.9529
05/19/2008 06:56 GMT - USD/CHF
- Trades around opening price level 1.0457 , below pivot level 1.0495
05/19/2008 06:57 GMT - USD/JPY
- Trades below pivot level 104.24
05/19/2008 06:57 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
US LEADING INDICATORS
| Date (GMT) | Event | Cons. | Previous | |
| May 19 | 14:00 | Leading Indicators (MoM) | - | 0.1% |
Friday Notes - US Index of leading indicators: Data point to sluggish US economy by HVB Group
Available data for April are mixed. Two of the most important components, hours worked in manufacturing and initial claims for unemployment compensation, were strongly negative in April. Consumer expectations were also weaker. However, the stock market and money supply did better, while the yield curve steepened.
[ Full Story ]Top Market Movers Review
UK RIGHTMOVE HOUSE PRICE INDEX
| Date (GMT) | Event | Actual | Cons. | Previous | |
| May 18 | 23:01 | Rightmove House Price Index (MoM) | 1.2% | - | -0.1% |
DATA SNAP:Rightmove:UK May House Asking Price At Record High (Dow Jones)
The average asking price for a home in the U.K. hit its highest level in almost six years in May even though a sharp drop in the availability of mortgages has weighed on the market in recent months, online estate agent Rightmove said Monday. "The free−flowing mortgage tap has turned off," Rightmove Commercial Director Miles Shipside said in a statement. "Sellers who are hanging out to achieve last year's prices need to accept that the market has fallen and that they will end up being punished by a lower price in the long run."
[ Full Story ]- Read the House Price Index report at Rightmove website
- UK house prices up 1.2 pct in May but market still struggling − Rightmove (Thomson Financial News)
Economic Events
| Date (GMT) | Country | Event | Actual | Cons. | Previous | |
| May 18 | 23:01 | UK | Rightmove House Price Index (MoM) (May) | 1.2% | -0.1% | |
| 23:01 | UK | Rightmove House Price Index (YoY) (May) | 2.2% | 1.3% | ||
| May 19 | 05:30 | JP | Nationwide Department Sales (YoY) (Apr) | -3.4% | 0.9% | |
| 09:00 | EMU | Construction Output s.a (MoM) (Mar) | 1.2% | |||
| 09:00 | EMU | Construction Output w.d.a (YoY) (Mar) | 4.3% | |||
| 14:00 | US | Leading Indicators (MoM) (Apr) | 0.1% | |||
| 23:50 | JP | Tertiary Industry Index (MoM) (Mar) | -1.7% | |||
| May 20 | 01:30 | AU | RBA Meeting's Minutes | |||
| 04:00 | JP | BoJ Interest Rate Decision | 0.5% | 0.5% | ||
| 05:00 | JP | Coincident Index (Mar) | 70% | |||