Wednesday, May 28, 07:31 GMT
EUROPEAN Trading Newsletter
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Live Sessions Schedule
FX Instructor Live Trading Room
Expert: Mark De La Paz
Start: Wed, May 28, 09:00 GMT
Sponsored by: 
Type of Session: Webinar
Trading Break Out's And Other Market Views
Expert: Phil Newton
Start: Wed, May 28, 10:00 GMT
Sponsored by: 
Type of Session: Webinar
| Sponsored by | ||||
| Wed, May 28, 09:00 GMT | FX Instructor Live Trading Room | Mark De La Paz | WBN | |
| Wed, May 28, 10:00 GMT | Trading Break Out's And Other Market Views | Phil Newton | WBN | |
| Wed, May 28, 11:00 GMT | Constructing the ideal currency trade  | Adam Rosen | WBN |  |
| Wed, May 28, 12:00 GMT | Commodity channel index system | Valeria Bednarik | WBN | |
Current Session: Europe
EUR/USD
Daily Recommended Trades − Daily technical outlook − Wednesday 05.28.2008 by E−Forex
The Euro is trading with a well bid tone this morning, recovering after yesterday's pullback into the 1.5660 zone. Strong support is formed at 1.5650 and while it remains intact, the short−term bullish structure will stay intact and the Euro may advance higher towards the 1.5940−1.6 region.
- Trading Range Bound and Trending Market Conditions Adam Rosen, CEO and Co−Founder 4xLounge
- Check out how pairs moved: Live Currency Rates & Charts
- Follow up the most relevant Economic Data in the new Real Time Economic Calendar
Currency Performance
Currency Performance Report − Asia Session Performance by FXstreet.com
Currencies at a Glance
- EUR/USD
- Moves up above pivot level 1.5730
05/28/2008 06:55 GMT - GBP/USD
- Moves up above pivot level 1.9776
05/28/2008 06:55 GMT - USD/CHF
- Moves down below pivot level 1.0301
05/28/2008 06:56 GMT - USD/JPY
- Moves down around pivot level 103.93
05/28/2008 06:56 GMT
Charting the Market Movers
USD JPY, Hourly
GBP USD, Hourly
Top Market Movers Preview
EMU CURRENT ACCOUNT S.A
| Date (GMT) | Event | Cons. | Previous | |
| May 28 | 08:00 | Current Account s.a | 1.5B | 4.3B |
| May 28 | 08:00 | Current Account n.s.a | - | 5B |
EMU economic indicators - CPI inflation in Germany is likely to have accelerated to 3.0 % yoy in May by BHF−Bank
Contrary to its usual seasonal pattern, the EMU current account is likely to have decreased in March, just like the EMU trade balance.
[ Full Story ]Top Market Movers Review
Germany IMPORT PRICE INDEX
| Date (GMT) | Event | Actual | Cons. | Previous | |
| May 28 | 06:00 | Import Price Index (MoM) | 0.9% | 0.7% | 0.4% |
| May 28 | 06:00 | Import Price Index (YoY) | 5.7% | 5.5% | 5.7% |
German April import prices up 0.9 pct vs March; up 5.7 pct yr−on−yr UPDATE (Thomson Financial News)
German April import prices rose 0.9 percent from March and were up 5.7 percent compared with April last year, driven by higher fuel costs, according to the Federal Statistics Office.
[ Full Story ]- Read the Import Prices data at German Statistics
- German Import prices increase 5.7% y−o−y in April (FXstreet.com)
- German April import prices up 0.9 pct vs March; up 5.7 pct yr−on−yr (Thomson Financial News)
- Germany Apr Import Price Index increase to 0.9% in Apr; 5.7% up on the year (FXstreet.com)
Australia WESTPAC LEADING INDEX
| Date (GMT) | Event | Actual | Cons. | Previous | |
| May 28 | 00:30 | Westpac Leading Index (MoM) | 0.2% | - | 0.0% |
Australia's Westpac March leading index falls to lowest level in four years (Thomson Financial News)
The Westpac−Melbourne Institute leading index of economic activity growth rate, which indicates the likely pace of Australian economic activity three to nine months into the future, fell to an annualized rate of 3.3 percent in March from 3.6 percent in February, Westpac Banking Corp Ltd. said on Wednesday. In March the index's growth rate was at the lowest level since March 2004 and was well below the trend growth rate of 4.4 percent.
[ Full Story ]- Read the Leading Index report at Westpac Website
Economic Events
| Date (GMT) | Country | Event | Actual | Cons. | Previous | |
| May 28 | 00:30 | AU | Westpac Leading Index (MoM) (Mar) | 0.2% | 0.0% | |
| 06:00 | DE | Import Price Index (MoM) (Apr) | 0.9% | 0.7% | 0.4% | |
| 06:00 | DE | Import Price Index (YoY) (Apr) | 5.7% | 5.5% | 5.7% | |
| 07:27 | JP | BoJ's Governor Shirakawa Speech | ||||
| 08:00 | EMU | Current Account n.s.a (Mar) | 5B | |||
| 08:00 | EMU | Current Account s.a (Mar) | 1.5B | 4.3B | ||
| 11:00 | US | MBA Mortgage Applications (May 23) | -7.8% | |||
| 12:30 | US | Durable Goods Orders (Apr) | -1.1% | -0.3% | ||
| 12:30 | US | Durable Goods Orders ex Transportation (Apr) | -0.5% | 1.5% | ||
| 14:30 | US | EIA Crude Oil Stocks change | -5.3M | |||