Tuesday, May 20, 07:43 GMT
EUROPEAN Trading Newsletter
To Get Started
- Webinar VIDEOS: The Weather Report: Ichimoku Cloud Trading by Chris Capre
- Forex, schaff & manual indicators by Doug Schaff at FXâStrategy
- New features and filters in our Real-Time Economic Calendar
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Live Sessions Schedule
Outlook for the major currencies this week
Expert: Ian Copsey
Start: Tue, May 20, 08:00 GMT
Sponsored by: 
Type of Session: Webinar
Dan Blystone's Daily Briefing
Expert: Dan Blystone
Start: Tue, May 20, 12:30 GMT
Type of Session: Webinar
| Sponsored by | ||||
| Mon, May 19, 16:00 GMT | Weekly Webinar: 1st on Forex − The Week Ahead | Jerry Furst | WBN |  |
| Tue, May 20, 08:00 GMT | Outlook for the major currencies this week | Ian Copsey | WBN | |
| Tue, May 20, 11:00 GMT | FX Instructor Live Trading Room  | Mark De La Paz | WBN |  |
| Tue, May 20, 12:00 GMT | US Pre−Market Open | Ed Ponsi | WBN |  |
Current Session: Europe
USD/CHF
Forex Analysis on Majors − Euro looks for ZEW index by Forex Ltd
We assume a possibility of test of the nearest supports 1.0480/1.0500, where it is recommended to evaluate the activity development according to the charts of shorter time interval. For short−term buyers' positions on condition of formation of topping signals the targets will be 1.0540/60, 1.0600/20 and/or further breakout variant up to 1.0660/80, 1.0700/20. An alternative for sales will be below 1.0460 with the targets 1.0400/20, 1.0360/80.
- 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
Wakeup Call on Forex Markets − Stocks and USDJPY to turn lower? by Saxo Bank
Currency Performance
Currency Performance Report − Asia Session Performance by FXstreet.com
Currencies at a Glance
- EUR/USD
- Moves up towards first resistant level 1.5600
05/20/2008 07:22 GMT - GBP/USD
- Moves up above pivot level 1.9521
05/20/2008 07:22 GMT - USD/CHF
- Moves down below pivot level 1.0505
05/20/2008 07:22 GMT - USD/JPY
- Moves down towards first support level 103.74
05/20/2008 07:22 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
Germany ZEW SURVEY − ECONOMIC SENTIMENT
| Date (GMT) | Event | Cons. | Previous | |
| May 20 | 09:00 | ZEW Survey − Economic Sentiment | -44.2 | -44.8 |
| May 20 | 09:00 | ZEW Survey − Economic Sentiment | -37.0 | -40.7 |
EMU economic indicators - German ZEW economic sentiment is likely to have remained unchanged in May by BHF−Bank
In May, the German ZEW economic sentiment and the German ifo business climate index are likely to have remained more or less stable, given that they had plummeted in April. Most of the correlated ifo indicators have deteriorated, but the US ISM manufacturing index has stabilized recently.
[ Full Story ]Forex Analysis on Majors - euro looks for ZEW index by Forex Ltd
Top Market Movers Review
Germany PRODUCER PRICE INDEX
| Date (GMT) | Event | Actual | Cons. | Previous | |
| May 20 | 06:00 | Producer Price Index (YoY) | 5.2% | 4.7% | 4.2% |
| May 20 | 06:00 | Producer Price Index (MoM) | 1.1% | 0.5% | 0.7% |
German April PPI up 1.1 pct from March, up 5.2 pct year−on−year (Thomson Financial News)
Producer prices in Germany rose 1.1 percent in April from March, while increasing 5.2 percent from April last year, the Federal Statistics Office said.
[ Full Story ]- Read the Producer prices data at German Statistics
- German Producer Prices Index grow above expectations on energy prices in April (FXstreet.com)
- Germany Producer Price Index increases 1.1% in Apr; 5.2% up on the year (FXstreet.com)
Japan BOJ INTEREST RATE DECISION
| Date (GMT) | Event | Actual | Cons. | Previous | |
| May 20 | 05:23 | BoJ Interest Rate Decision | 0.5% | 0.5% | 0.5% |
Bank of Japan leaves overnight call rate target unchanged at 0.5 percent (Thomson Financial News)
The Bank of Japan left its overnight call rate target unchanged at 0.5 percent for the 18th straight meeting on Tuesday, as widely expected. The central bank wants more time to assess whether the U.S. economy, one of Japan's most important trading partners, can avoid the risk of a recession posed by the credit crisis and the slumping housing market.
[ Full Story ]- Read the Interest Rate decision report at Bank of Japan
- Bank of Japan leaves call rate target unchanged, as widely expected − UPDATE (Thomson Financial News)
Overnight Briefing: Far East Timezone - Bank of Japan keeps rates steady by Jyske Bank
Economic Events
| Date (GMT) | Country | Event | Actual | Cons. | Previous | |
| May 20 | 06:00 | JP | Bank of Japan Monthly Economic Survey | |||
| 06:00 | DE | Producer Price Index (YoY) (Apr) | 5.2% | 4.7% | 4.2% | |
| 07:15 | CH | Producer and Import Prices (MoM) (Apr) | 0.7% | 0.5% | 0.6% | |
| 07:15 | CH | Producer and Import Prices (YoY) (Apr) | 3.6% | 3.4% | 3.9% | |
| 09:00 | EMU | ZEW Survey − Economic Sentiment (May) | -44.2 | -44.8 | ||
| 09:00 | DE | ZEW Survey − Economic Sentiment (May) | -37.0 | -40.7 | ||
| 12:30 | CA | Canadian Investment in Foreign Securities (Mar) | -$6.14B | |||
| 12:30 | CA | Foreign investment in Canadian securities (Mar) | $1.50B | $3.08B | ||
| 12:30 | US | Producer Price Index (MoM) (Apr) | 0.4% | 1.1% | ||
| 12:30 | US | Producer Price Index (YoY) (Apr) | 6.6% | 6.9% | ||