Thursday, May 17, 10:56 GMT
U.S. Trading Newsletter
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Live Sessions Schedule
Event trading and technical analysis
Expert: Don Wilcox
Start: Thu, May 17, 15:00 GMT
Sponsored by: 
Type of Session: Webinar
Market Magic, surprise all the time: why?
Expert: Dr.S.Sivaraman
Start: Thu, May 17, 16:00 GMT
Sponsored by:
Type of Session: Webinar
| Sponsored By: | ||||
| Thu, May 17, 13:00 GMT | Raghee Horner's Four Step Trading: Forex  | Raghee Horner | WBN |  |
| Thu, May 17, 15:00 GMT | Event trading and technical analysis | Don Wilcox | WBN | |
| Thu, May 17, 16:00 GMT | Market Magic, surprise all the time: why? | Dr.S.Sivaraman | WBN | |
| Thu, May 17, 16:00 GMT | Trading with Tim Billups | Tim Billups | WBN |  |
| Thu, May 17, 17:00 GMT | 24 hour Outlook | John Putman | WBN | |
Current Session: Europe - U.S.
EUR/JPY
Forex Daily Analysis - Daily Analysis - The Dollar recovers by ForexYard
On the 4 H chart, the 5 Elliott pattern can be observed and the A,B,C is to be formed, in this case the C wave is expected to make this forex pair consolidate at 163.40 however its not a classic pattern and therefore need to be caution is needed on this kind of move.
- Looking for the Trader of the Year 2007: Take part in the 1st FXstreet.com Trading Contest
- EUR/JPY market talk 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:
Technical Analysis on Major Currencies - Technical Analysis on Major Currencies by BBVA Group
Daily Trade Analysis - EURUSD looking to take a dip below 1.3500 by AMZ Capital
Global FX Daily - European Edition - EUR-USD remains range bound by Mellon Foreign Exchange
Majors at a Glance
- EUR/USD
- Trades around 1.3525 after bounced at pivot level 1.3542
05/17/2007 10:17 GMT - GBP/USD
- Stays around opening price level at 1.9770 , below pivot level at 1.9799
05/17/2007 10:17 GMT - USD/CHF
- Back around opening price level at 1.2234 after bounced at pivot level 1.2206
05/17/2007 10:17 GMT - USD/JPY
- Continues to move up toward first resistant level at 121.03
05/17/2007 10:17 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
Canada CONSUMER PRICE INDEX
| Date (GMT) | Event | Cons. | Previous | |
| May 17 | 11:00 | Consumer Price Index (YoY) | 2.1% | 2.3% |
| May 17 | 11:00 | Consumer Price Index (MoM) | 0.3% | 0.8% |
Weekly Economic Letter - Inflation still clearly on the Fed’s mind by National Bank of Canada
[ Full Story ]- Tony Juste, FX Advisor at FXstreet.com: "The CAD is in spotlight these days as Canada is showing a good tone in the economy these days, and some even have been speculating with the possibility of a rate hike on cards if the CPI numbers start to point out an inflation pick-up. Volatility will rise dramatically on the news for all CAD pairs." - FXstreet.com
Top Market Movers Review
EMU ECB PUBLISHES MONTHLY REPORT
| Date (GMT) | Event | Actual | Cons. | Previous | |
| May 17 | 08:00 | ECB Publishes Monthly Report | - | - | - |
European Market Update - Tone of ECB's Monthly Report Unchanged in May by Trade The News
Much in line with the report last month, the ECB said in its May monthly report that policy is accommodative and that interest rates are low. The ECB reiterated that it will act in a firm and timely manner, pointing out that inflation risks remain to the upside.
[ Full Story ]- Read the full Monthly Bulletin at ECB
- ECB survey: economists raise 2007, 2008 growth forecasts (AFX News)
- ECB's Liebscher: "Some Risks Ahead" For Euro Zone CPI-2- (Dow Jones)
- ECB says strong vigilance needed on inflation risks (AFX News)
Economic Events
| Date (GMT) | Country | Event | Actual | Cons. | Previous | |
| May 17 | 01:30 | AU | Average Weekly Wages (QoQ) (Feb) | 1.1% | 0.7% | |
| 04:00 | JP | BoJ Interest Rate Decision | 0.5% | 0.5% | 0.5% | |
| 06:30 | JP | BoJ Governor Fukui Speaks | ||||
| 08:00 | EMU | ECB Publishes Monthly Report (May) | ||||
| 11:00 | CA | Bank of Canada Consumer Price Index Core (MoM) (Apr) | 0.1% | 0.3% | ||
| 11:00 | CA | Bank of Canada Consumer Price Index Core (YoY) (Apr) | 2.4% | 2.3% | ||
| 11:00 | CA | Consumer Price Index (MoM) (Apr) | 0.3% | 0.8% | ||
| 11:00 | CA | Consumer Price Index (YoY) (Apr) | 2.1% | 2.3% | ||
| 14:00 | US | Leading Indicators (MoM) (Apr) | 0% | 0.1% | ||
| 16:00 | US | Philadelphia Fed Manufacturing Survey (May) | 3.5 | 0.2 | ||