Thursday, May 24, 11:10 GMT
U.S. Trading Newsletter
To Get Started
- Forex Trader of the Year 2007 Contest Offering $500,000 prizes
- 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
Live Trading with the FX Advisor
Expert: Tony Juste
Start: Fri, May 25, 14:00 GMT
Sponsored by: 
Type of Session: Webinar
24 hour Outlook
Expert: John Putman
Start: Fri, May 25, 17:00 GMT
Sponsored by:
Type of Session: Webinar
| Sponsored By: | ||||
| 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 | |
| Fri, May 25, 14:00 GMT | Live Trading with the FX Advisor | Tony Juste | WBN | |
| Fri, May 25, 17:00 GMT | 24 hour Outlook  | John Putman | WBN | |
| Mon, May 28, 11:00 GMT | Weekly Webinar: 1st on Forex - The Week Ahead | Jerry Furst | WBN |  |
Current Session: Europe - U.S.
GBP/USD
Forex Technical Report - Forex Technical Report GBP/USD by iFOREX.bg
GBP/USD Open 1.9713 High 1.9893 Low 1.9723 Close 1.9818.
The Cable continues to trade between the resistance 1.9872, which is a double top from 15th and 16th May 2007 and the support around 1.9703. The strong upwards impulse pushed the currency pair from the daily level at 1.9703 to the key support 1.9771.
- Looking for the Trader of the Year 2007: Take part in the 1st FXstreet.com Trading Contest
- Read the latest technical comments in Tony Juste's Weblog
- 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:
Weekly Forex Outlook - Central Bank of China causes volatility by Easy Forex
Forex Daily Analysis - Daily Analysis - US Durable Goods and New Home Sales On Tap by ForexYard
Daily Technical Analysis - JPY: Remarkably few signs of instability at these historically high levels by Mizuho Corporate Bank
Majors at a Glance
- EUR/USD
- Moves down toward first support level at 1.3416
05/24/2007 10:13 GMT - GBP/USD
- Back below opening price level at 1.9864 , above pivot level at 1.9825
05/24/2007 10:13 GMT - USD/CHF
- Moves up above pivot level at 1.2275
05/24/2007 10:14 GMT - USD/JPY
- Continues to move down below first support level at 121.35
05/24/2007 10:14 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
US DURABLE GOODS ORDERS
| Date (GMT) | Event | Cons. | Previous | |
| May 24 | 12:30 | Durable Goods Orders | 0.9% | 4.3% |
US economic indicators - Durable goods orders are expected to have risen again in April by BHF-Bank
After going up by 2.3% mom in February, durable goods orders rose by 3.7% mom in March due to robust aircraft orders and a rebound in non-defense capital goods orders ex-aircraft.
[ Full Story ]The Week Ahead - Durable Goods Orders, New and Existing Home Sales by BBVA Bancomer
Top Market Movers Review
UK CBI INDUSTRIAL TRENDS SURVEY - TOTAL ORDERS
| Date (GMT) | Event | Actual | Cons. | Previous | |
| May 24 | 10:00 | CBI Industrial Trends Survey - Total Orders | 5% | 3% | 2% |
DATA SNAP: UK CBI May Output Balance +18 Vs April +18 (Dow Jones)
U.K. industrial output remained steady at a high level in May, while manufacturers raised prices by the strongest margin in 12 years, the Confederation of British Industry said Thursday. The industrial output balance was +18 in May, unchanged from the previous month, it said.
[ Full Story ]- CBI homepage
- UK May manufacturing prices balance +25 pct, 12-year high - CBI UPDATE (AFX News)
- UK May manufacturing prices balance +25 pct, 12-year high - CBI (AFX News)
- CBI Prices index hits record in May; Output Balance remains flat (FXstreet.com)
Germany IFO - BUSINESS CLIMATE
| Date (GMT) | Event | Actual | Cons. | Previous | |
| May 24 | 08:00 | IFO - Business Climate | 108.6 | 108.9 | 108.6 |
European Market Update - Lower than expected German IFO by Trade The News
European government bonds are currently trading in positive territory in the session, gaining upside from a lower than expected reading on the German IFO survey for the month of May.
[ Full Story ]Economic Events
| Date (GMT) | Country | Event | Actual | Cons. | Previous | |
| May 24 | 07:15 | CH | Employment Level (QoQ) (1Q) | 3.710M | 3.710M | 3.699M |
| 07:15 | CH | Employment Level (YoY) (1Q) | 1.8% | 1.6% | ||
| 08:00 | DE | IFO - Business Climate (May) | 108.6 | 108.9 | 108.6 | |
| 10:00 | UK | CBI Industrial Trends Survey - Total Orders (May) | 5% | 3% | 2% | |
| 12:30 | US | Durable Goods Orders (Apr) | 0.9% | 4.3% | ||
| 12:30 | US | Durable Goods Orders ex Transportation (Apr) | 0.6% | 1.3% | ||
| 12:30 | US | Initial Jobless Claims (May 19) | 300 | 293K | ||
| 14:00 | US | New Home Sales (Apr) | 860K | 858K | ||
| 14:00 | US | New Home Sales (MoM) (Apr) | 0.2% | 2.6% | ||
| 23:30 | JP | National Consumer Price Index (YoY) (Apr) | 0% | -0.1% | ||