Tuesday, May 22, 10:57 GMT
U.S. Trading Newsletter
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Live Sessions Schedule
Trade the 200MA strategy in the FxInstructor Live Trading Room
Expert: Sunil Mangwani
Start: Tue, May 22, 13:30 GMT
Sponsored by: 
Type of Session: Webinar
Event trading and technical analysis
Expert: Don Wilcox
Start: Tue, May 22, 15:00 GMT
Sponsored by: 
Type of Session: Webinar
| Sponsored By: | ||||
| Tue, May 22, 10:00 GMT | What moves currencies? | Tony Juste | WBN |  |
| Tue, May 22, 13:00 GMT | Raghee Horner's Four Step Trading: Forex  | Raghee Horner | WBN |  |
| Tue, May 22, 13:30 GMT | Trade the 200MA strategy in the FxInstructor Live Trading Room | Sunil Mangwani | WBN | |
| Tue, May 22, 15:00 GMT | Event trading and technical analysis | Don Wilcox | WBN | |
| Tue, May 22, 17:00 GMT | 24 hour Outlook | John Putman | WBN | |
Current Session: Europe - U.S.
USD/JPY
Daily Technical Analysis - JPY: The strongest daily close since late February and the US dollar is very overbought by Mizuho Corporate Bank
The strongest daily close since late February and the US dollar is very overbought. Futures positions are being re-built and implied volatility is close to its record low of 5.92%. While above 120.50 upside probing will predominate. Expect yet more of the same today.
- Looking for the Trader of the Year 2007: Take part in the 1st FXstreet.com Trading Contest
- At the Open. EUR/USD fails at key level test 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:
Currency Majors Technical Analysis - EUR USD is in an downtrend by Mataf.net
Daily Forex Commentary - The Canadian dollar keeps going by Jyske Bank
Forecast on Forex Majors - Forecast on Forex Majors by FX-Strategy
Majors at a Glance
- EUR/USD
- Moves up above opening price level at 1.3466 , below pivot level at 1.3478
05/22/2007 07:05 GMT - GBP/USD
- Moves up above pivot level at 1.9716
05/22/2007 07:05 GMT - USD/CHF
- Moves down below pivot level at 1.2297
05/22/2007 07:05 GMT - USD/JPY
- Moving down below pivot level at 121.34
05/22/2007 07:05 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
UK BANK OF ENGLAND MINUTES
| Date (GMT) | Event | Cons. | Previous | |
| May 23 | 08:30 | Bank of England Minutes | - | - |
Economic Data Roundup - United Kingdom: 23/5 Minutes of MPC meeting (9-10/5) by ODL Securities
Unlike the previous two, the latest quarter-point rise in interest rates had been fully expected. Central to the MPC’s decision was the belief that the risks to inflation over the medium term remained to the upside.
[ Full Story ]Top Market Movers Review
Germany ZEW SURVEY - ECONOMIC SENTIMENT
| Date (GMT) | Event | Actual | Cons. | Previous | |
| May 22 | 09:00 | ZEW Survey - Economic Sentiment | 24.0 | 22.0 | 16.5 |
European Market Update - German ZEW Beats Expectations by Trade The News
The German ZEW economic sentiment exceeded expectations for the month of May coming in at 24.0, above estimates of 23.0, the current situation rose to 88.0, above estimates of 79.0, for its highest reading on record.
[ Full Story ]- Read the report: Upward Trend Continues at ZEW
- Forex - Euro fails to progress after strong German ZEW survey (AFX News)
- DATA SNAP: German ZEW Econ Sentiment Further Improves -2- (Dow Jones)
- German ZEW May economic expectations index +24.0 points vs +16.5 in April UPDATE (AFX News)
Daily Forex Technical Report - Could Euro Draw Support from ZEW? by ActionForex.com
EMU economic indicators - German ZEW economic sentiment might improve for the sixth consecutive time by BHF-Bank
EMU TRADE BALANCE S.A.
| Date (GMT) | Event | Actual | Cons. | Previous | |
| May 22 | 09:00 | Trade Balance s.a. | €7.4B | €0.5B | €0.6B |
Euro Zone trade surplus, the largest in three years (FXstreet.com)
The countries of the Euro Zone have achieved the largest trade surplus in the last three years, according to Eurostat, in a sign that the strong European currency has not drawn negative consequences for European exports. Euro Zone's trade surplus has reached EUR7.4 billion in March, up from the 0.6% surplus in March 2006, while the experts had advanced a surplus of around EUR 1.1 Billion.
[ Full Story ]- Read the report: Euro area external trade surplus 7.4 bn euro at Eurostat
- DATA SNAP: Euro-Zone Trade Surplus Surged In March -2- (Dow Jones)
- DATA SNAP: Euro-Zone Trade Surplus Surged In March (Dow Jones)
Economic Events
| Date (GMT) | Country | Event | Actual | Cons. | Previous | |
| May 22 | 01:30 | AU | New Motor Vehicle Sales (MoM) | -1.1% | 1.0% | |
| 05:00 | JP | BoJ Minutes | ||||
| 09:00 | EMU | Trade Balance s.a. | €7.4B | €0.5B | €0.6B |
|
| 09:00 | DE | ZEW Survey - Economic Sentiment | 24.0 | 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% | ||
| 14:30 | US | EIA Crude Oil Stocks (May 18) | 1.1M | |||
| May 24 | 06:00 | DE | Gross Domestic Product w.d.a (YoY) | 3.6% | 1.0% | |
| 08:00 | DE | IFO - Business Climate | 108.9 | 108.6 | ||