Thursday, May 22, 07:40 GMT
EUROPEAN Trading Newsletter
To Get Started
- Webinar VIDEOS: The Weather Report: Ichimoku Cloud Trading by Chris Capre
- New features and filters in our Real-Time Economic Calendar
- Is your strategy designed for a trending or non−trending market? by Raghee Horner
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Live Sessions Schedule
MONTHLY WEBINAR: Intro to the 4x−Market A−Z − Part 1
Expert: Adam Rosen
Start: Thu, May 22, 13:00 GMT
Type of Session: Webinar
| Sponsored by | ||||
| Thu, May 22, 13:00 GMT | MONTHLY WEBINAR: Intro to the 4x−Market A−Z − Part 1 | Adam Rosen | WBN |  |
| Thu, May 22, 15:00 GMT | MONTHLY WEBINAR: Intro to the 4x−Market A−Z − Part 2: Practical Application  | Adam Rosen | WBN | |
| Fri, May 23, 10:00 GMT | Advanced APF Methods To Determine The Price Momentum | Sunil Mangwani | WBN |  |
| Fri, May 23, 12:00 GMT | US Pre−Market Open | Ed Ponsi | WBN | |
Current Session: Europe
EUR/USD
Daily Recommended Trades − EURUSD, AUDUSD, EURCHF daily outlook − Thursday 05.22.2008 by E−Forex
The 1.6 zone comes closer as the Euro skyrocketed towards 1.58 by more than 150 points a day during the last 48 hours. Yesterday's resistance zone of 1.5720−1.5740 has been broken and it may provide interim support now. While looking for potential technical barriers on the upside, not much is seen until the all−time highs of 1.6.
- Longer−term Support and Resistance Trading: Setups and Rules by Rob Booker, Currency Analyst Piptopia
- 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
FX Analysts' Comments
Forex Video | News Trade Alert | May 22, 2008 by Wayne McDonell, FxBootcamp.com
Currencies at a Glance
- EUR/USD
- Trades around opening price level 1.5792 , above pivot level 1.5739
05/22/2008 06:50 GMT - GBP/USD
- Trades above pivot level 1.9691
05/22/2008 06:50 GMT - USD/CHF
- Trades below pivot level 1.0296
05/22/2008 06:50 GMT - USD/JPY
- Trades below pivot level 103.23
05/22/2008 06:53 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
EMU INDUSTRIAL NEW ORDERS S.A.
| Date (GMT) | Event | Cons. | Previous | |
| May 22 | 09:00 | Industrial New Orders s.a. (MoM) | -0.5% | 0.6% |
| May 22 | 09:00 | Industrial New Orders (YoY) | 4.8% | 9.9% |
EMU economic indicators - German ZEW economic sentiment is likely to have remained unchanged in May by BHF−Bank
EMU industrial new orders are expected to have decreased in March, just like the corresponding German figure. Italian GDP will probably have decreased in Q4 2007 and rebounded in Q1 2008, just like Italian industrial production.
[ Full Story ]Top Market Movers Review
Japan MERCHANDISE TRADE BALANCE TOTAL
| Date (GMT) | Event | Actual | Cons. | Previous | |
| May 21 | 23:50 | Adjusted Merchandise Trade Balance | ¥609.2B | ¥796.0B | ¥770.0B |
| May 21 | 23:50 | Merchandise Trade Balance Total | ¥485.0B | ¥739.0B | ¥1118.6B |
Japan's trade surplus falls 46.3 percent in April − UPDATE2 (Thomson Financial News)
Japan's merchandise trade surplus fell 46.3 percent to 485.0 billion yen ($4.7 billion) in April from a year earlier as surging prices of crude oil and other commodities continued to accelerate import growth.
[ Full Story ]- Read the Trade Statistics data at Ministry of Finance
- Japan's trade surplus falls 46.3 percent in April − UPDATE (Thomson Financial News)
- Japan's trade figures with Asian countries in April (Thomson Financial News)
- Japan's April trade figures with Asia, U.S. and EU (Thomson Financial News)
US FOMC MINUTES
| Date (GMT) | Event | Actual | Cons. | Previous | |
| May 21 | 18:00 | FOMC Minutes | - | - | - |
Daily Global Commentary - Minutes of April FOMC Meeting − A 2.00% Federal Funds Rate Most Likely For Several Months by Northern Trust
The minutes of the April 29−30 FOMC meeting confirm expectations of a 2.00% federal funds rate in the near term. The excerpts below make a case for the FOMC standing pat for several months.
[ Full Story ]- Read the Minutes of Meeting at FOMC
- Fed sees slower growth, higher unemployment in `08 (Thomson Financial News)
- Most Fed members saw April rate cut as 'close call,' some reject further cuts (Thomson Financial News)
- Most Fed members saw April rate cut as 'close call' on growth, inflation UPDATE (Thomson Financial News)
Daily Forex Technical Report − Dollar Soft Post FOMC Minutes by ActionForex.com
European and US summary - FOMC Downbeat on Econ, USD Slumps by Forexnews.com
Daily Forex Technical Report − BoE & FOMC Minutes Awaited by ActionForex.com
Economic Events
| Date (GMT) | Country | Event | Actual | Cons. | Previous | |
| May 21 | 23:50 | JP | Adjusted Merchandise Trade Balance (Apr) | ¥609.2B | ¥796.0B | ¥770.0B |
| 23:50 | JP | All Industry Activity Index (MoM) (Mar) | 0.5% | -0.2% | -1.4% | |
| 23:50 | JP | Merchandise Trade Balance Total (Apr) | ¥485.0B | ¥739.0B | ¥1118.6B | |
| May 22 | 02:00 | NZ | Finance Minister introduces Budget 2008 | |||
| 08:30 | UK | Retail Sales (MoM) (Apr) | -0.5% | -0.4% | ||
| 08:30 | UK | Retail Sales (YoY) (Apr) | 4.2% | 4.6% | ||
| 08:30 | UK | Total Business Investment (YoY) (1Q)  | 5.5% | 5.3% | ||
| 08:30 | UK | Total Business Investment (QoQ) (1Q) | 0.3% | 1.8% | ||
| 09:00 | EMU | Industrial New Orders (YoY) (Mar) | 4.8% | 9.9% | ||
| 09:00 | EMU | Industrial New Orders s.a. (MoM) (Mar) | -0.5% | 0.6% | ||