Wednesday, May 23, 11:00 GMT
U.S. Trading Newsletter
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Live Sessions Schedule
An Introduction to Trading FX Binary Options
Expert: Peter A. Rosenstreich
Start: Wed, May 23, 15:00 GMT
Sponsored by: 
Type of Session: Webinar
24 hour Outlook
Expert: John Putman
Start: Wed, May 23, 17:00 GMT
Sponsored by: 
Type of Session: Webinar
| Sponsored By: | ||||
| Wed, May 23, 15:00 GMT | An Introduction to Trading FX Binary Options | Peter A. Rosenstreich | WBN | |
| Wed, May 23, 17:00 GMT | 24 hour Outlook  | John Putman | WBN | |
| Wed, May 23, 21:00 GMT | FX Daily Wrap Up | Derek Frey | WBN |  |
| Thu, May 24, 13:00 GMT | MONTHLY WEBINAR: Join Raghee Horner as she walks you through her Four Step Trading approach - PART I | Raghee Horner | WBN | |
| Fri, May 25, 10:00 GMT | What moves currencies? - Closing the week | Tony Juste | WBN | |
Current Session: Europe - U.S.
GBP/USD
Daily Market Overview - Out of narrow ranges by Trader College
GBP/USD is right now at 1.9784 getting strength after BOE Minutes; bullish in daily and 4 hours charts, resistances today will be at 1.9800, 1.9827 and 1.9843; supports for the next hours will be at 1.9770, 1.9730 and 1.9700.
- Looking for the Trader of the Year 2007: Take part in the 1st FXstreet.com Trading Contest
- Trade Alert (intraday-m/t): GBP/JPY 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:
Forex Technical Report - Forex Technical Report by iFOREX.bg
Global FX Daily - European Edition - Downside risk remains on EUR-USD by Mellon Foreign Exchange
Forex Technical Analysis - EUR/USD:(1.3456) Back in LT channel of 1.2877 and in Bullish Flag by KBC Bank
Majors at a Glance
- EUR/USD
- Back above first support level at 1.3432 after bounced at second support level 1.3417
05/23/2007 10:22 GMT - GBP/USD
- Moves above first resistant level at 1.9775 after bounced at 1.9715
05/23/2007 10:22 GMT - USD/CHF
- Trades around 1.2290 , below pivot level at 1.2302
05/23/2007 10:22 GMT - USD/JPY
- Back around first resistant level at 121.70 after hit second resistant level at 121.84
05/23/2007 10:22 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
GBP USD, Hourly
Top Market Movers Preview
Canada LEADING INDICATORS
| Date (GMT) | Event | Cons. | Previous | |
| May 23 | 12:30 | Leading Indicators (MoM) | 0.4% | 0.4% |
Technical Analysis Special - CAD by Mizuho Corporate Bank
The ‘dollarette’, the best performing currency bar none over the last three months, is certainly not a lightweight when compared to its US counterpart.
[ Full Story ]- Tony Juste, FX Advisor at FXstreet.com: "The leading indicators will determine whether the healthy tone in the Canadian economy is to be maintained or it could start to see some signs of stagnation. CAD strength should weigh sooner or later in both the Trade Balance and the ratio of growth, and it'll be interesting to see if the BoC will have to use a harder tone to prevent from a deterioration in the economy in the near future, despite the current optimistic status." - FXstreet.com
Top Market Movers Review
EMU INDUSTRIAL NEW ORDERS S.A.
| Date (GMT) | Event | Actual | Cons. | Previous | |
| May 23 | 09:00 | Industrial New Orders s.a. (MoM) | 2.7% | 1.0% | -0.6% |
| May 23 | 09:00 | Industrial New Orders (YoY) | 8.0% | 5.9% | 4.7% |
Euro Zone Industrial Orders increase at an unexpected extent in March (FXstreet.com)
European economy is growing at a robust pace, if we look at the latest Industrial New Orders figures released by Eurostat, which posted sharply higher than expected rises in March. Industrial new orders have increased by 2.7% in March from February and 8.0% from March 2006, sharply higher than the market’s expectations of a 1.0% monthly rise and a 5.9% increase on the year.
[ Full Story ]- Read the Industrial new orders up by 2.7% in euro area at Eurostat
- DATA SNAP:Euro-Zone Mar Indus Orders +2.7% On Mo,+8% On Yr-2 (Dow Jones)
- Euro zone March industrial orders up 2.7 pct vs Feb, up 8.0 yr-on-yr (AFX News)
- EU Industrial New Orders s.a. rise 2.7% in March from February; 8.0% up year-on-year (FXstreet.com)
UK BANK OF ENGLAND MINUTES
| Date (GMT) | Event | Actual | Cons. | Previous | |
| May 23 | 08:30 | Bank of England Minutes | - | - | - |
FOCUS BoE rate-setters 'straining on the leash' to raise rates again (AFX News)
A hawkish set of minutes to the last rate-setting meeting of the Bank of England has reinforced expectations that another rate hike will be pushed through in the next couple of months. The minutes to the May 9-10 meeting showed that the nine-member Monetary Policy Committee voted unanimously to raise its key repo rate a quarter point.
[ Full Story ]- Read the Minutes of the meeting held on 9 & 10 May at BoE
- The Advisor Blog: Bank Of England minutes
- UK short sterling futures fall after BoE minutes show 9-0 vote to raise rates (AFX News)
- Forex - Pound higher as BoE minutes show unanimous vote for hike in May UPDATE (AFX News)
- BoE MPC voted 9-0 to lift key repo rate a quarter point to 5.50 pct on May 10 (AFX News)
Wakeup Call on Forex Markets - BoE Minutes most important today by Saxo Bank
Daily Forex Technical Report - MPC Minutes Could be Anti-Climax by ActionForex.com
Economic Data Roundup - United Kingdom: 23/5 Minutes of MPC meeting (9-10/5) by ODL Securities
Economic Events
| Date (GMT) | Country | Event | Actual | Cons. | Previous | |
| May 23 | 00:30 | AU | Leading Indicator Index (YoY) | 4.4% | 5.0% | |
| 08:30 | UK | Bank of England Minutes | ||||
| 09:00 | EMU | Industrial New Orders (YoY) | 8.0% | 5.9% | 4.7% | |
| 09:00 | EMU | Industrial New Orders s.a. (MoM) | 2.7% | 1.0% | -0.6% |
|
| 12:30 | CA | Leading Indicators (MoM) (Apr) | 0.4% | 0.4% | ||
| 14:30 | US | EIA Crude Oil Stocks (May 18) | 1.1M | |||
| 15:45 | US | Treasury Secretary Paulson Meets With Chinese Official in Washintong | ||||
| 22:45 | NZ | Trade Balance (Apr) | 0.061B | |||
| 23:50 | JP | Merchandise Trade Balance Total (Apr) | ¥977.0B | ¥1630.1B | ||
| May 24 | 06:00 | DE | Gross Domestic Product (QoQ) (1Q) | 0.5% | 1.0% | |