Thursday, May 29, 07:34 GMT
EUROPEAN Trading Newsletter
To Get Started
- Webinar VIDEOS: Intro to the 4x-Market A-Z by Adam Rosen
- New release in our Brokers/FDMs News Section
- Phil Newton Blog's: Trading Break outs strategy outline summarised
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Live Sessions Schedule
Watch Live Coverage of the US GDP
Expert: Jerry Furst
Start: Thu, May 29, 11:30 GMT
Sponsored by: 
Type of Session: Webinar
How to Get Started Trading Forex
Expert: Steve Primo
Start: Thu, May 29, 15:00 GMT
Type of Session: Webinar
| Sponsored by | ||||
| Thu, May 29, 11:30 GMT | Watch Live Coverage of the US GDP | Jerry Furst | WBN | |
| Thu, May 29, 15:00 GMT | How to Get Started Trading Forex | Steve Primo | WBN |  |
| Thu, May 29, 16:00 GMT | The Day Trading Coach − Tips, Tricks and Strategies for Day Traders  | Markus Heitkoetter | WBN | |
| Thu, May 29, 17:00 GMT | Live Look at Today's Markets | Derek Frey | WBN |  |
Current Session: Europe
EUR/USD
Forex − Dollar firmer in Tokyo on higher Treasury yields, upbeat data by AFX News
The U.S. dollar was higher against other major currencies in Tokyo afternoon trade on Thursday, helped by higher U.S. Treasury yields and upbeat durable goods data which reduced concerns about the U.S. economy.
At 1:00 p.m. (0400 GMT) the dollar was at 104.84, up from 104.74 yen in early Sydney trading and 104.70 yen in late New York trade on Wednesday.
The euro was at $1.5634, down from from $1.5654 in Sydney and $1.5643 in New York.
- 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
Banks' Analysis
Wakeup Call on Forex Markets − Positive Surprise in US Durable Goods Orders Warmed up the investor sentiment by Saxo Bank
Currency Performance
Currency Performance Report − Asia Session Performance by FXstreet.com
Currencies at a Glance
- EUR/USD
- Moves down below first support level 1.5576
05/29/2008 06:39 GMT - GBP/USD
- Moves down below first support level 1.9735
05/29/2008 06:39 GMT - USD/CHF
- Moves up towards first resistant level 1.0446
05/29/2008 06:40 GMT - USD/JPY
- Moves up towards first resistant level 105.38
05/29/2008 06:40 GMT
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 UNEMPLOYMENT RATE S.A.
| Date (GMT) | Event | Cons. | Previous | |
| May 29 | 07:55 | Unemployment Rate s.a. | 7.8% | 7.9% |
| May 29 | 07:55 | Unemployment Change | -25K | -7K |
EMU economic indicators - German adjusted unemployment could have remained stable in May by BHF−Bank
German adjusted unemployment fell by a mere 7k in April, because the spring upswing on the labour market was more subdued than usual, given that unemployment in outdoor jobs had not gone up markedly during the relatively warm winter months.
[ Full Story ]Top Market Movers Review
UK NATIONWIDE HOUSING PRICES S.A
| Date (GMT) | Event | Actual | Cons. | Previous | |
| May 29 | 06:00 | Nationwide Housing Prices s.a (MoM) | -2.5% | -0.5% | -0.9% |
| May 29 | 06:00 | Nationwide Housing Prices n.s.a (YoY) | -4.4% | -2.1% | -1.0% |
DATA SNAP: UK Nationwide House Prices Post Record Drop (Dow Jones)
U.K. house prices posted their biggest monthly drop on record in May as the credit crunch and weakening economy continued to weigh on the residential property market, the Nationwide Building Society said Thursday.
[ Full Story ]- UK house prices plunge in May (FXstreet.com)
- UK May house prices down record monthly 2.5 percent − Nationwide (Thomson Financial News)
- United Kingdom: Nationwide Housing Prices s.a decline 2.5% in May; 4.4% down on year (FXstreet.com)
Japan RETAIL TRADE S.A
| Date (GMT) | Event | Actual | Cons. | Previous | |
| May 28 | 23:50 | Retail Trade (YoY) | 0.1% | -0.5% | 1.1% |
| May 28 | 23:50 | Retail Trade s.a (MoM) | -0.1% | 0.0% | 0.5% |
| May 28 | 23:50 | Large Retailer's Sales | -2.2% | -1.2% | 0.2% |
Japan's April retail sales up 0.1 percent on increased fuel spending (Thomson Financial News)
Retail sales in Japan rose 0.1 percent to 11.19 trillion yen ($106.9 billion) in April from a year earlier, helped by increased spending on fuel due to higher gasoline prices, combined with higher spending on auto purchases, the Ministry of Economy, Trade and Industry said on Thursday. It was the ninth straight month that retail sales had risen and followed a 1.0 percent increase in March.
[ Full Story ]- Read the Retail Trade report at Japan Ministry of Economy, Trade and Industry
- Japan's April retail sales up 0.1 percent on increased fuel spending − UPDATE (Thomson Financial News)
Economic Events
| Date (GMT) | Country | Event | Actual | Cons. | Previous | |
| May 29 | 06:00 | DE | ILO Unemployment Rate (Apr) | 7.4% | 7.3% | 7.4% |
| 06:00 | UK | Nationwide Housing Prices n.s.a (YoY) (May) | -4.4% | -2.1% | -1.0% | |
| 06:00 | UK | Nationwide Housing Prices s.a (MoM) (May) | -2.5% | -0.5% | -0.9% |
|
| 07:15 | CH | Employment Level (QoQ) (1Q) | 3.90M | 3.89M | 3.88M | |
| 07:55 | DE | Unemployment Change (May) | -25K | -7K | ||
| 07:55 | DE | Unemployment Rate s.a. (Apr) | 7.8% | 7.9% | ||
| 08:00 | DE | Bloomberg Retail PMI (May) | 44.6 | |||
| 08:00 | EMU | Bloomberg Retail PMI (May) | 41.8 | |||
| 08:00 | EMU | M3 (YoY) (Apr) | 10.3% | 10.3% | ||
| 09:00 | EMU | Consumer Confidence (May) | -12 | -12 | ||