Tuesday, May 29, 11:13 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 29, 14:00 GMT
Sponsored by: 
Type of Session: Webinar
How do identify true support and resistance levels with live data
Expert: Sam Seiden
Start: Tue, May 29, 15:00 GMT
Sponsored by:
Type of Session: Webinar
| Sponsored By: | ||||
| Tue, May 29, 13:00 GMT | Raghee Horner's Four Step Trading: Forex  | Raghee Horner | WBN |  |
| Tue, May 29, 14:00 GMT | Trade the 200MA strategy in the FxInstructor Live Trading Room | Sunil Mangwani | WBN | |
| Tue, May 29, 15:00 GMT | How do identify true support and resistance levels with live data | Sam Seiden | WBN | |
| Tue, May 29, 17:00 GMT | 24 hour Outlook | John Putman | WBN |  |
| Tue, May 29, 21:00 GMT | FX Daily Wrap Up | Derek Frey | WBN |  |
Current Session: Europe - U.S.
GBP/USD
Price Flash: Cable hits 1.9860 on retracement, test upper line of original uptrend channel by FXstreet.com
Proving that if any major today was in good technical shape it definitely was Cable is the fact that (please check chart in a previous post) the unit broke back inside the projected line of the original uptrend line and it sold off to test (and even now is breaking it) the upper line of the original uptrend channel.
- Looking for the Trader of the Year 2007: Take part in the 1st FXstreet.com Trading Contest
- Price Flash: Cable (so far) is holding uptrend line of intraday channel @ 1.9864 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:
Bank Recomendations - UBS Bank, Mizuho Corporate Bank, SEB by Finotec Group Inc.
Forex Daily Analysis - After quiet trading day, traders may look to BUY Gold, Oil, or Silver today by ForexYard
Forex Technical Report - Forex Technical Report EUR/USD by iFOREX.bg
Majors at a Glance
- EUR/USD
- Stays above 1.3475
05/29/2007 11:04 GMT - GBP/USD
- Down below 1.9875 after hit last week high at 1.9892
05/29/2007 11:04 GMT - USD/CHF
- Trades below last week low at 1.2238
05/29/2007 11:05 GMT - USD/JPY
- Trades around 121.45 , below pivot level at 121.71
05/29/2007 11:06 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
Germany CONSUMER PRICE INDEX
| Date (GMT) | Event | Cons. | Previous | |
| May 29 | 12:00 | Consumer Price Index (YoY) | 1.9% | 1.9% |
| May 29 | 12:00 | Consumer Price Index (MoM) | 0.2% | 0.4% |
EMU economic indicators - Inflation in Germany is likely to remain unchanged at 1.9% yoy in May by BHF-Bank
According to regional CPI data already published on Friday, inflation in Germany is likely to remain unchanged at 1.9% yoy in May. In mom terms, prices probably rose 0.2%, with most of the increase stemming from higher energy prices.
[ Full Story ]US CONSUMER CONFIDENCE
| Date (GMT) | Event | Cons. | Previous | |
| May 29 | 14:00 | Consumer Confidence | 104.5 | 104.0 |
Daily Forex Technical Report - Yen Rebounds on Solid Data, US Consumer Confidence to Improve by ActionForex.com
Conference Board Consumer Confidence in the US will be the main feature today. The index topped in Apr at 111.2 and has been retreating since then.
[ Full Story ]- Ahead of the Bell: Consumer Confidence (AFX News)
US economic indicators - May consumer confidence indices probably lower than consensus expectations by BHF-Bank
Top Market Movers Review
EMU CURRENT ACCOUNT
| Date (GMT) | Event | Actual | Cons. | Previous | |
| May 29 | 08:00 | Current Account | 5.4B | -5.3B | -3.7B |
U.S Market Update - Euro-Zone current account rises by Trade The News
The Euro-Zone current account for the month of March rose to a surplus of €5.4B from a deficit of €5.3B in February. The prior reading was revised up to a deficit of €3.7B from a deficit of €5.3B.
[ Full Story ]Economic Events
| Date (GMT) | Country | Event | Actual | Cons. | Previous | |
| May 28 | 23:30 | JP | Jobless Rate | 3.8% | 4.0% | 4.0% |
| 23:50 | JP | Retail Trade (YoY) | -0.6% | -0.4% | -0.7% | |
| May 29 | 06:15 | CH | Trade Balance | 0.627M | 0.850B | 0.720B |
| 08:00 | EMU | Current Account | 5.4B | -5.3B | -3.7B |
|
| 12:00 | DE | Consumer Price Index (MoM) | 0.2% | 0.4% | ||
| 12:00 | DE | Consumer Price Index (YoY) | 1.9% | 1.9% | ||
| 14:00 | CA | BoC Interest Rate Announcement | 4.25% | 4.25% | ||
| 14:00 | US | Consumer Confidence (May) | 104.5 | 104.0 | ||
| 23:50 | JP | Industrial Production (MoM) | 0.5% | -0.3% | ||
| 23:50 | JP | Industrial Production (YoY) (Mar) | 2.8% | 2.0% | ||