Friday, May 29, 07:40 GMT
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Forex Blogs
The Trader's Edge: NZD/USD Trade Analysis by Ross Yamashita
Ending diagonals are another formation we like to trade − although these can be very tricky and VERY frustrating. It's really hard to determine how far the 5th wave of the ED will go before changing direction. We drew our two trendlines in. Look for the currency pair to test the bottom trend line, go back up and then drop down.
The Day Job Trader: What’s Holding USD/CHF at $1.080? by Ryan O'Keefe
Forex Trading Today: The Yen Crosses Look Into Appreciation… Or DO They? by Tim Salem
Find other fellow traders to share your comments and market view in the FOREX FORUM
FxBootcamp: Pre London Outlook May 29th 2009 by David R Pegler
Sponsored by 
Live Sessions Schedule
Watch Live Coverage of the US GDP
Expert: Jerry Furst
Start: Fri, May 29, 11:30 GMT
Sponsored by: 
Type of Session: Webinar
| Sponsored by | ||||
| Fri, May 29, 10:00 GMT | Scanning for low risk / high reward trading opportunities  | Sam Seiden | WBN |  |
| Fri, May 29, 11:30 GMT | Watch Live Coverage of the US GDP | Jerry Furst | WBN | |
| Mon, Jun 1, 05:00 GMT | Asian Session: Live Market Analysis | Dr.S.Sivaraman | WBN | |
| Mon, Jun 1, 12:00 GMT | US Pre−Market Open | Ed Ponsi | WBN | |
Current Session: Europe
Bullish Momentum continues as Price reaches for Daily Static Resistance at 1.4017
FXstreet.com Independent Analyst Team − Bullish Momentum continues as Price reaches for Daily Static Resistance at 1.4017, where the "V"−Shaped IntraDay Bottom will emerge into Double−Top originating on the 25th. If the Area Hold, Price may find the Dynamic Resistance at 1.3961 back in View as Continuation begins. If the Area sees Violation, Price will see 1.4056 and 1.4093 to complete the Daily Retracement Upleg.
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GBP/USD
Forex Chartist Technical Analysis − 1.5984 to 1.6040 offers good technical resistance by Charmer Charts.com
1.5984 to 1.6040 offers good technical resistance. So would at this point still sell into strength to these higher levels, but this time put stops above 1.6108 if possible...
USD/JPY
Daily Technical Analysis − Difficult and messy as we push into the middle of a very large Ichimoku ‘cloud' by Mizuho Corporate Bank
Difficult and messy as we push into the middle of a very large Ichimoku ‘cloud'. Hopefully the rally will stall around the 26−day average at 96.83, under yesterday's high at 97.24.
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 CONSUMER PRICE INDEX
| Date (GMT) | Event | Cons. | Previous | |
| May 29 | 09:00 | Consumer Price Index (YoY) | 0.2% | 0.6% |
| May 29 | 09:00 | Consumer Price Index (MoM) | - | 0.4% |
EMU economic indicators - EMU inflation flash estimate (May): down by BHF−Bank
The Eurostat flash estimate is likely to show that euro area inflation decreased to 0.2% yoy in May.
[ Full Story ]US GROSS DOMESTIC PRODUCT ANNUALIZED
| Date (GMT) | Event | Cons. | Previous | |
| May 29 | 12:30 | Gross Domestic Purchases Price Index | 2.9% | 2.9% |
| May 29 | 12:30 | Gross Domestic Product Annualized | -5.5% | -6.1% |
US economic indicators - GDP (Q1 preliminary): upward revision due to inventories and net exports by BHF−Bank
In the advance release for Q1, the Commerce Department reported that GDP had fallen by an annualised 6.1% qoq, roughly the same pace of decline as in Q4. Particularly striking in the 1st quarter were the negative contributions from non−residential investment (–4.7 percentage points) and inventory investment (–2.8 percentage points).
[ Full Story ]Top Market Movers Review
Germany RETAIL SALES
| Date (GMT) | Event | Actual | Cons. | Previous | |
| May 29 | 06:00 | Retail Sales (YoY) | -0.8% | -0.3% | -1.5% |
| May 29 | 06:00 | Retail Sales (MoM) | 0.5% | 0.5% | -0.4% |
DATA SNAP: German Apr Retail Sales +0.5% On Mo, −0.8% On Yr (Dow Jones)
[ Full Story ]- Read the Retail Sales data at German Statistics
- Germany MoM Retail Sales up 0.5% in Apr, −0.8% YoY (FXstreet.com)
UK NATIONWIDE HOUSING PRICES S.A
| Date (GMT) | Event | Actual | Cons. | Previous | |
| May 29 | 06:00 | Nationwide Housing Prices s.a (MoM) | 1.2% | -0.9% | -0.4% |
| May 29 | 06:00 | Nationwide Housing Prices n.s.a (YoY) | -11.3% | -13.7% | -15.0% |
DATA SNAP: UK Nationwide House Prices Post Surprise Bounce (Dow Jones)
[ Full Story ]- Read the Housing Prices data at Nationwide
- UK May Nationwide Housing Prices s.a rise 1.2%, −11.3% YoY (FXstreet.com)
Economic Events
| Date (GMT) | Country | Event | Actual | Cons. | Previous | |
| May 29 | 06:00 | UK | Nationwide Housing Prices n.s.a (YoY) (May) | -11.3% | -13.7% | -15.0% |
| 06:00 | UK | Nationwide Housing Prices s.a (MoM) (May) | 1.2% | -0.9% | -0.4% | |
| 06:00 | DE | Retail Sales (MoM) (Apr) | 0.5% | 0.5% | -0.4% |
|
| 06:00 | DE | Retail Sales (YoY) (Apr) | -0.8% | -0.3% | -1.5% | |
| 08:00 | EMU | M3 (YoY) (Apr) | 4.5% | 5.1% | ||
| 09:00 | EMU | Consumer Price Index (MoM) (Apr) | 0.4% | |||
| 09:00 | EMU | Consumer Price Index (YoY) (May) | 0.2% | 0.6% | ||
| 09:00 | EMU | Unemployment Rate (Apr) | 9.1% | 8.9% | ||
| 09:30 | CH | KOF Leading Indicator (May) | -1.78 | -1.86 | ||
| 12:30 | US | Gross Domestic Product Annualized (1Q)  | -5.5% | -6.1% | ||