Monday, May 21, 11:26 GMT
U.S. Trading Newsletter
To Get Started
- Looking for the Trader of the Year 2007: Take part in the 1st FXstreet.com Trading Contest
- Monthly Webinar: Join Raghee Horner through her Four Step Trading approach
- The Signals Tracker: track down the performance of a particular signal provider
- Check out all our Delivery Options
- Visit the rest of our newsletters and subscribe now!
Send us your feedback. Post your comments about the new newsletters' format in the Forum.
Live Sessions Schedule
Derek Frey's Outlook
Expert: Derek Frey
Start: Mon, May 21, 14:00 GMT
Sponsored by: 
Type of Session: Webinar
Trading with Tim Billups
Expert: Tim Billups
Start: Mon, May 21, 16:00 GMT
Sponsored by: 
Type of Session: Webinar
| Sponsored By: | ||||
| Mon, May 21, 11:00 GMT | Weekly Webinar: 1st on Forex - The Week Ahead | Jerry Furst | WBN |  |
| Mon, May 21, 14:00 GMT | Derek Frey's Outlook | Derek Frey | WBN | |
| Mon, May 21, 16:00 GMT | Trading with Tim Billups  | Tim Billups | WBN | |
| Mon, May 21, 17:00 GMT | 24 hour Outlook | John Putman | WBN | |
| Mon, May 21, 21:00 GMT | FX Daily Wrap Up | Derek Frey | WBN | |
Current Session: Europe - U.S.
EUR/JPY
Weekly Technical Commentary - We continue just below the 1998 equivalent high at 164.00 by Mizuho Corporate Bank
Very difficult as we continue just below the 1998 equivalent high at 164.00, a key long term chart level. Other Yen crosses are also at key levels, for example AUD/JPY at 100.00. The Yen Crosses are also surprisingly well bid considering where they are trading. The whole thing is yet another example of the ‘carry trade'. This can be seen in all Yen crosses,.
- Looking for the Trader of the Year 2007: Take part in the 1st FXstreet.com Trading Contest
- JPY shorts at record highs again - IMM/CFTC 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:
Global FX Daily - U.S. Edition - CAD momentum still intact after Friday’s break – support on USD-CAD at 1.0750-75 by Mellon Foreign Exchange
The Forex View - We sold a 3-month EURUSD call and received a 100 pips by Saxo Bank
Forex Technical Report - Forex Technical Report by iFOREX.bg
Majors at a Glance
- EUR/USD
- Drops below first support level at 1.3475
05/21/2007 10:31 GMT - GBP/USD
- Moves down below first support level at 1.9704
05/21/2007 10:32 GMT - USD/CHF
- Moving up above second resistant level at 1.2301
05/21/2007 10:31 GMT - USD/JPY
- Moves up above first resistant level at 121.43
05/21/2007 10:32 GMT
Analyst Sentiment Index (ASI)
Analysts Sentiment Index - EUR/USD
**Source : CMS Forex, Danske Bank A/S, Finotec Group Inc., FXstreet.com, Global Forex Trading Ltd. , Mizuho Corporate Bank
[ View ASI page ] [ View EUR/USD page ]
Charting the Market Movers
EUR USD, Hourly
USD JPY, Hourly
Top Market Movers Preview
Germany ZEW SURVEY - ECONOMIC SENTIMENT
| Date (GMT) | Event | Cons. | Previous | |
| May 22 | 09:00 | ZEW Survey - Economic Sentiment | 22.0 | 16.5 |
EMU economic indicators - German ZEW economic sentiment might improve for the sixth consecutive time by BHF-Bank
In May, German ZEW economic sentiment might improve for the sixth consecutive time. The ifo business expectations in the German business sector, the US ISM index and the DAX performance index have all gone up.
[ Full Story ]Top Market Movers Review
UK PUBLIC SECTOR NET BORROWING
| Date (GMT) | Event | Actual | Cons. | Previous | |
| May 21 | 08:30 | Public Sector Net Borrowing | 1.1B | 1.5 | 8.5 |
DATA SNAP: UK's April PSNB Lower Than Expected (Dow Jones)
The U.K. government started the new fiscal year with lower net borrowing than expected in April, figures from the Office for National Statistics showed Monday. The public sector borrowed GBP1.1 billion in April, ONS said, below expectations from economists surveyed by Dow Jones Newswires for a deficit of GBP1.5 billion.
[ Full Story ]- Read the Tighter household finances dictate borrowing attitudes at BBA
- UK April PSNB: Table Of Data (Dow Jones)
- UK mortgage lending slows further in April - BBA (AFX News)
- UK’s Public Sector Net Borrowing, lower than forecasted in April (FXstreet.com)
Economic Events
| Date (GMT) | Country | Event | Actual | Cons. | Previous | |
| May 20 | 23:01 | UK | Rightmove House Price Index (MoM) | 0.4% | 3.6% | |
| May 21 | 08:30 | UK | M4 Money Supply (YoY) | 13.3% | 12.5% | 12.7% |
| 08:30 | UK | M4 Sterling Lending | 9.1B | 17.9B | 9.1B |
|
| 08:30 | UK | Public Sector Net Borrowing | 1.1B | 1.5 | 8.5 | |
| May 22 | 05:00 | JP | BoJ Minutes | |||
| 09:00 | EMU | Trade Balance s.a. | €0.7B | |||
| 09:00 | DE | ZEW Survey - Economic Sentiment | 22.0 | 16.5 | ||
| May 23 | 08:30 | UK | Bank of England Minutes | |||
| 09:00 | EMU | Industrial New Orders (YoY) | 5.9% | 4.7% | ||
| 09:00 | EMU | Industrial New Orders s.a. (MoM) | 1.0% | -0.7% | ||