Tuesday, May 15, 11:09 GMT
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Live Sessions Schedule
Trade the 200MA strategy in the FxInstructor Live Trading Room
Expert: Sunil Mangwani
Start: Tue, May 15, 13:30 GMT
Sponsored by: 
Type of Session: Webinar
Using Candlesticks to Catch the Next Move in Forex
Expert: Steve Nison
Start: Tue, May 15, 15:00 GMT
Sponsored by:
Type of Session: Webinar
| Sponsored By: | ||||
| Tue, May 15, 13:00 GMT | Raghee Horner's Four Step Trading: Forex  | Raghee Horner | WBN | |
| Tue, May 15, 13:30 GMT | Trade the 200MA strategy in the FxInstructor Live Trading Room | Sunil Mangwani | WBN | |
| Tue, May 15, 15:00 GMT | Using Candlesticks to Catch the Next Move in Forex | Steve Nison | WBN | |
| Tue, May 15, 20:00 GMT | 24 hour Outlook | John Putman | WBN |  |
| Tue, May 15, 21:00 GMT | FX Daily Wrap Up | Derek Frey | WBN |  |
Current Session: Europe - U.S.
GBP/USD
Forex Technical Report - The Cable lost position against the US Dollar by iFOREX.bg
In reaction to the strong support at the top 1.9938, the Cable lost position against the US Dollar, falling down to 1.9760. This downward movement found support around 1.9777, which is 38.1% correction of the upward movement from 1.9183 from March 2007. Currently GBP consolidates within the frame 1.9844 - 1.9777.
- Looking for the Trader of the Year 2007: Take part in the 1st FXstreet.com Trading Contest
- Read our FX advisor's Trade Alerts and Market comments
- The Signals Tracker: track down the performance of a particular signals provider
- Check out how the currency moved on Live Currency Rates & Charts at FXstreet.com
- Follow up the most relevant Economic Data in the new Real Time Economic Calendar
- Be up to date with the Latest Forex News
Other Topics for this Session:
Intra-day forex market trend - Intra-day forex market trend by i-knowindices.com
Forex Daily Analysis - Dollar on the up-side! by ForexYard
Global FX Daily - European Edition - EUR-USD consolidating ahead of US data by Mellon Foreign Exchange
Majors at a Glance
- EUR/USD
- Moves down toward first support level at 1.3527 after hit first resistant level at 1.3560
05/15/2007 10:14 GMT - GBP/USD
- Moves down below last week low at 1.9760 , below first support level at 1.9767 , after UK CPI news
05/15/2007 10:14 GMT - USD/CHF
- Moves up above pivot level at 1.2188 after bounced at first support level 1.2170
05/15/2007 10:14 GMT - USD/JPY
- Moves up above first resistant level at 120.50 after bounced at first support level 120.09
05/15/2007 10:14 GMT
Analyst Sentiment Index (ASI)
Analysts Sentiment Index - GBP/USD
**Source : CMS Forex, Danske Bank A/S, Finotec Group Inc., FXstreet.com, Global Forex Trading Ltd. , Mizuho Corporate Bank
[ View ASI page ] [ View GBP/USD page ]
Charting the Market Movers
EUR USD, Hourly
GBP USD, Hourly
Top Market Movers Preview
US CONSUMER PRICE INDEX
| Date (GMT) | Event | Cons. | Previous | |
| May 15 | 12:30 | Consumer Price Index (MoM) | 0.5% | 0.6% |
| May 15 | 12:30 | Consumer Price Index (YoY) | 2.6% | 2.8% |
The Week Ahead - CPI, Industrial Production, Housing Starts & Michigan Consumer Sentiment by BBVA Bancomer
Higher gasoline prices continued affecting headline CPI in April. We expect it to rise by 0.5% from 0.6% in March; however, the twelvemonth change would moderate to 2.7% from 2.8% in March.
[ Full Story ]- Tony Juste, FX Advisor at FXstreet.com: "Once again, CPI expectations will fuel a fierce debate on what the next Fed (if any) should be. Whilst the vast majority believes that things haev cooled down on inflation, I still think we could see a big suprise in the next 2-3 months, forcing the Fed to readch 5.5% before year end." - FXstreet.com
Top Market Movers Review
EMU GROSS DOMESTIC PRODUCT S.A.
| Date (GMT) | Event | Actual | Cons. | Previous | |
| May 15 | 09:00 | Gross Domestic Product s.a. (QoQ) | 0.6% | 0.5% | 0.9% |
EMU: Temporary and modest slowing by Danske Bank A/S
Euroland GDP growth slowed a little in Q1, posting 0.6%q/q, following 0.9%q/q in Q4. However, in reality the numbers, were a positive surprise. Firstly, consensus had expected growth of only 0.5%q/q. Secondly, the German economy seems to have absorbed the VAT hike without major problems, and thirdly, the start of Q2 has been surprisingly good, with GDP growth likely to accelerate to 0.8%q/q.
[ Full Story ]- Read the Euro area and EU27 GDP up by 0.6% at Eurostat
- UPDATE:Euro-Zone Econ Slowed In 1Q, But Less Than Feared (Dow Jones)
- DATA SNAP:Euro-Zone Econ Slowed In 1Q,But Less Than Feared-2 (Dow Jones)
- Euro zone provisional Q1 GDP up 0.6 pct from Q4, beats consensus of 0.5 rise (AFX News)
UK CONSUMER PRICE INDEX
| Date (GMT) | Event | Actual | Cons. | Previous | |
| May 15 | 08:30 | Consumer Price Index (MoM) | 0.3% | 0.3% | 0.5% |
| May 15 | 08:30 | Consumer Price Index (YoY) | 2.8% | 2.8% | 3.1% |
European Market Update - UK CPI Y/Y Falls Back Below the Key 3.0% Mark by Trade The News
April consumer prices were in line with expectations as were retail prices, the exception here being core CPI, which was 1.8%, just below estimates of 1.9%. The key figure here, CPI y/y fell below the 3.0% level.
[ Full Story ]- Read the Inflation data at National Statistics
- DATAWATCH UK inflation dips in April but interest rates still seen rising again (AFX News)
- UK annual CPI eases back to 2.8 pct in April after March's spike to 3.1 pct (AFX News)
- UK April Consumer Prices Index Table Of Data (Dow Jones)
Economic Events
| Date (GMT) | Country | Event | Actual | Cons. | Previous | |
| May 15 | 08:30 | UK | Consumer Price Index (MoM) (Apr) | 0.3% | 0.3% | 0.5% |
| 08:30 | UK | Retail Price Index (MoM) (Apr) | 0.5% | 0.6% | 0.6% | |
| 09:00 | EMU | Gross Domestic Product s.a. (QoQ) (1Q) | 0.6% | 0.5% | 0.9% | |
| 09:00 | EMU | Gross Domestic Product s.a. (YoY) (1Q) | 3.1% | 3.0% | 3.3% | |
| 12:30 | US | Consumer Price Index (MoM) (Apr) | 0.5% | 0.6% | ||
| 12:30 | US | Consumer Price Index (YoY) (Apr) | 2.6% | 2.8% | ||
| 12:30 | US | Consumer Price Index Ex Food & Energy (MoM) (Apr) | 0.2% | 0.1% | ||
| 12:30 | US | Consumer Price Index Ex Food & Energy (YoY) (Apr) | 2.4% | 2.5% | ||
| 15:00 | US | Net Long-term TIC Flows (Mar) | $74.7B | $58.1B | ||
| 17:00 | US | NAHB Housing Market Index (May) | 33 | 33 | ||