Friday, May 15, 07:51 GMT
EUROPEAN Trading Newsletter
To Get Started
- NEW: Live Webinars during the Asian Trading Session: Markets Commentaries at 5 and 6 GMT. Check our schedule!
- Learning Center: Chapter 4 of Unit A is now online: Trade the facts: consider price action. Read it now!
- Webinar Videos: Economic and Technical View of the Currency Market by Rob Booker
- All the events of the day in our Economic Calendar
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Forex Blogs
The Trader's Edge: AUD/USD Trade Analysis by Ross Yamashita
Our scan brings up the AUD/USD 5 minute chart. We loaded a lot of data so you can see where our trend lines are drawn. The trend is up, however, look for a potential pull back to our trend line or even to test the low of .7465 (marked by the black line).
Forex Trading Today: USD/CAD and Crude Oil Come Back to Inverse Correlation by Tim Salem
The Day Job Trader: USD/JPY Breaks Loose, Looking to Sell by Ryan O'Keefe
Find other fellow traders to share your comments and market view in the FOREX FORUM
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Live Sessions Schedule
Who is on the other side of your trade?
Expert: Sam Seiden
Start: Fri, May 15, 10:00 GMT
Type of Session: Webinar
Trading Break Out's And Other Market Views
Expert: Phil Newton
Start: Fri, May 15, 11:00 GMT
Sponsored by: 
Type of Session: Webinar
| Sponsored by | ||||
| Fri, May 15, 09:00 GMT | Advanced APF Methods To Determine The Price Momentum  | Sunil Mangwani | WBN |  |
| Fri, May 15, 10:00 GMT | Who is on the other side of your trade? | Sam Seiden | WBN |  |
| Fri, May 15, 11:00 GMT | Trading Break Out's And Other Market Views | Phil Newton | WBN | |
| Fri, May 15, 12:00 GMT | US Pre−Market Open | Ed Ponsi | WBN | |
Current Session: Europe
Bullish Hourly Sentiment continues within a potential Bull Flag Formation
FXstreet.com Independent Analyst Team − Bullish Hourly Sentiment continues within a potential Bull Flag Formation, although Price has begun Accumulative Behavior in working through a possible Hourly Head and Shoulders Pattern as well. This continued Formation will Negate the Bull Flag, as Price continues to Depreciate towards the 1.5050/55 Neckline.
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EUR/USD
EUR/USD: Euro reverses gains and drops below intra−day support at 1.3615 by FXstreet.com
The Euro has weakened right at the European trading opening times dropping from levels around 1.3650, through intra−day support at 1.3615 to reach 1.3580 so far.
USD/JPY
USD/JPY: Dollar drops and approaches 95.10 low by FXstreet.com
The Dollar is dropping fast and giving away gains reached during Friday's Asian session. USD/JPY dropped from levels above 96.00 through intra−day support at 95.75 to reach 95.25.
Analyst Sentiment Index (ASI)
Analysts Sentiment Index - EUR/USD
**Source : ActionForex.com, CMS Forex, Danske Bank A/S, FXstreet.com, i-knowindices.com, Mizuho Corporate Bank, MolFX - Management
[ View ASI page ] [ View EUR/USD page ]
Charting the Market Movers
USD JPY, Hourly
GBP USD, Hourly
Top Market Movers Preview
EMU GROSS DOMESTIC PRODUCT S.A.
| Date (GMT) | Event | Cons. | Previous | |
| May 15 | 09:00 | Gross Domestic Product s.a. (QoQ) | -2.1% | -1.6% |
| May 15 | 09:00 | Gross Domestic Product s.a. (YoY) | -4.1% | -1.5% |
EMU economic indicators - EMU GDP (Q1 2009): down by BHF−Bank
French, Italian and EMU GDP are all likely to have contracted significantly in Q1 too.
[ Full Story ]Top Market Movers Review
Germany GROSS DOMESTIC PRODUCT S.A
| Date (GMT) | Event | Actual | Cons. | Previous | |
| May 15 | 06:00 | Gross Domestic Product n.s.a (YoY) | -6.7% | -6.2% | -1.7% |
| May 15 | 06:00 | Gross Domestic Product w.d.a (YoY) | -6.9% | -6.0% | -1.8% |
| May 15 | 06:00 | Gross Domestic Product s.a (QoQ) | -3.8% | -3.0% | -2.2% |
DATA SNAP: German 1Q GDP Posts Sharpest Fall Since 1970 (Dow Jones)
German gross domestic product in the first quarter posted its sharpest fall since records began in 1970, as economic activity was much weaker than expected, data from the Federal Statistics Office showed Friday.
[ Full Story ]- Germany QoQ GDP down 3.8% in 1Q (FXstreet.com)
EMU economic indicators - German GDP (Q1 2009): down by BHF−Bank
Economic Events
| Date (GMT) | Country | Event | Actual | Cons. | Previous | |
| May 15 | 06:00 | DE | Gross Domestic Product n.s.a (YoY) (1Q)  | -6.7% | -6.2% | -1.7% |
| 06:00 | DE | Gross Domestic Product s.a (QoQ) (1Q) | -3.8% | -3.0% | -2.2% |
|
| 06:00 | DE | Gross Domestic Product w.d.a (YoY) (1Q) | -6.9% | -6.0% | -1.8% |
|
| 07:15 | CH | Adjusted Real Retail Sales (YoY) (Mar) | 1.2% | 0.4% | -3.8% | |
| 09:00 | EMU | Consumer Price Index − Core (YoY) (Apr) | 1.6% | 1.5% | ||
| 09:00 | EMU | Consumer Price Index (MoM) (Apr) | 0.4% | 0.4% | ||
| 09:00 | EMU | Consumer Price Index (YoY) (Apr) | 0.6% | 0.6% | ||
| 09:00 | EMU | Gross Domestic Product s.a. (QoQ) (1Q) | -2.1% | -1.6% | ||
| 09:00 | EMU | Gross Domestic Product s.a. (YoY) (1Q) | -4.1% | -1.5% | ||
| 12:30 | US | Consumer Price Index (MoM) (Apr) | 0.0% | -0.1% | ||