Wednesday, May 16, 11:11 GMT
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Live Sessions Schedule
Applying Money Management Rules
Expert: Mihai Marinescu
Start: Wed, May 16, 15:00 GMT
Sponsored by: 
Type of Session: Webinar
The FX Mirror
Expert: Patrick Dyess
Start: Wed, May 16, 16:00 GMT
Sponsored by: 
Type of Session: Webinar
| Sponsored By: | ||||
| Wed, May 16, 14:00 GMT | Technical Analysis Q&A  | Tony Juste | WBN |  |
| Wed, May 16, 15:00 GMT | Applying Money Management Rules | Mihai Marinescu | WBN | |
| Wed, May 16, 16:00 GMT | The FX Mirror | Patrick Dyess | WBN | |
| Wed, May 16, 17:00 GMT | 24 hour Outlook | John Putman | WBN | |
| Wed, May 16, 17:00 GMT | 24 hour Outlook | John Putman | WBN | |
Current Session: Europe - U.S.
EUR/USD
Forex Daily Analysis - Daily Analysis - The dollar gets beat up again! by ForexYard
Hourly charts on the rebound as the MACD crosses up back above the zero line and the target is set for the resistance at 1.3625. The RSI is scraping the overbought area and the Bollinger bands have widened significantly, 2 indicators pointing the way to further gains on the pair.
- Looking for the Trader of the Year 2007: Take part in the 1st FXstreet.com Trading Contest
- Euro-Zone CPI data by Tony Juste
- 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:
Daily Technical Analysis - EUR: Consolidating neatly in a ‘flag’ formation by Mizuho Corporate Bank
Daily Forex Commentary - Dollar under pressure by Jyske Bank
Forex Technical Analysis - EUR/USD:(1.3593) Back in LT channel of 1.2877 and above Bullish Flag by KBC Bank
Majors at a Glance
- EUR/USD
- Back around opening price level at 1.3592 after bounced at yesterday high 1.3608
05/16/2007 10:32 GMT - GBP/USD
- Moves down around pivot level 1.9824 after bounced at yesterday high at 1.9871
05/16/2007 10:32 GMT - USD/CHF
- Back below opening price level at 1.2153 after hit pivot level at 1.2160
05/16/2007 10:32 GMT - USD/JPY
- Moves up around last week high at 120.52 , above pivot level at 120.31
05/16/2007 10:30 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 HOUSING STARTS
| Date (GMT) | Event | Cons. | Previous | |
| May 16 | 12:30 | Housing Starts (YoY) | 1.480M | 1.518M |
The Week Ahead - CPI, Industrial Production, Housing Starts & Michigan Consumer Sentiment by BBVA Bancomer
We expect residential construction to subtract to GDP growth in Q207. In April, housing starts could have fell 3.5% to a seasonally adjusted annual rate of 1464K units from 1518K units in March.
[ Full Story ]Top Market Movers Review
EMU CONSUMER PRICE INDEX
| Date (GMT) | Event | Actual | Cons. | Previous | |
| May 16 | 09:00 | Consumer Price Index (YoY) | 1.9% | 1.8% | 1.9% |
| May 16 | 09:00 | Consumer Price Index (MoM) | 0.6% | 0.5% | 0.7% |
EMU annual inflation, flat at 1.9% in April (FXstreet.com)
Annual inflation remained flat at 1.9% in, while it increased 0.6% from March, according to the latest report published by Eurostat, the Statistical Office of the European Communities. CPI has been brought down to the limits established by the ECB’s comfort zone, with a maximum 2.0% annual rate, in April last year annual CPI rose 2.5%.
[ Full Story ]- Read the Euro area annual inflation stable at 1.9% at Eurostat
- DATA SNAP: Euro-Zone April Inflation Steady At 1.9% On Year (Dow Jones)
- Euro zone April HICP up 1.9 pct yr-on-yr vs 1.8 provisional (AFX News)
UK AVERAGE EARNINGS EXCLUDING BONUS
| Date (GMT) | Event | Actual | Cons. | Previous | |
| May 16 | 08:30 | Average Earnings excluding Bonus (3Mo/Yr) | 3.7% | 3.6% | 3.6% |
| May 16 | 08:30 | Average Earnings including Bonus (3Mo/Yr) | 4.5% | 4.8% | 4.6% |
UK headline average earnings dip in 3 mths to March; claimant count down UPDATE (AFX News)
Lower bonus payments in the financial services sector caused headline average earnings growth to drop in the three months to March, while unemployment as measured by the claimant count fell for the seventh month in a row in April, official figures showed. The Office for National Statistics said average earnings growth including bonuses fell to 4.5 pct in the three months to March.
[ Full Story ]- Read the Average Earnings data at National Statistics
- UK headline average earnings dip in 3 mths to March; claimant count falls again (AFX News)
- UK Labor Market/Average Earnings Table (Dow Jones)
- UK Average Earnings and Unemployment practically flat in the first quarter (FXstreet.com)
Economic Events
| Date (GMT) | Country | Event | Actual | Cons. | Previous | |
| May 16 | 08:30 | UK | Average Earnings including Bonus (3Mo/Yr) (Mar) | 4.5% | 4.8% | 4.6% |
| 09:00 | EMU | Consumer Price Index (MoM) (Apr) | 0.6% | 0.5% | 0.7% | |
| 09:00 | EMU | Consumer Price Index (YoY) (Apr) | 1.9% | 1.8% | 1.9% | |
| 09:30 | UK | Bank of England Quarterly Inflation Report | ||||
| 12:30 | US | Housing Starts (YoY) (Apr) | 1.480M | 1.518M | ||
| 12:30 | CA | International Securities Transactions (Mar) | $3.0B | $4.8B | ||
| 13:15 | US | Capacity Utilization (Apr) | 81.5% | 81.4% | ||
| 13:15 | US | Industrial Production (MoM) (Apr) | 0.3% | -0.2% | ||
| 23:50 | JP | Gross Domestic Product Annualized (1Q)  | 2.7% | 5.5% | ||
| May 17 | 01:30 | AU | Average Weekly Wages (QoQ) (Feb) | 0.7% | ||