Tuesday, May 13, 11:10 GMT
U.S. Trading Newsletter
To Get Started
- Webinar Videos: The Importance of Trend Lines in Forex and How To Use Them by Sam Seiden
- USD is being appreciated against the other majors
- FOREX Video: News Trade Alert by Wayne McDonell
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Live Sessions Schedule
Trading with Autochartist
Expert: Raghee Horner
Start: Tue, May 13, 15:00 GMT
Type of Session: Webinar
Longer−term Support and Resistance Trading: Setups and Rules
Expert: Rob Booker
Start: Tue, May 13, 16:00 GMT
Type of Session: Webinar
| Sponsored by | ||||
| Tue, May 13, 11:00 GMT | FX Instructor Live Trading Room  | Mark De La Paz | WBN |  |
| Tue, May 13, 12:30 GMT | Dan Blystone's Daily Briefing | Dan Blystone | WBN |  |
| Tue, May 13, 14:00 GMT | The Weather Report: Ichimoku Cloud Trading | Chris Capre | WBN | |
| Tue, May 13, 15:00 GMT | Trading with Autochartist | Raghee Horner | WBN | |
Current Session: Europe − U.S.
GBP/USD
Daily Trading Forecast − Uncooperative Currency Markets by Swiss e Trade AG
The GBP / USD spiked to the current day's high at 1.9586, after higher than expected CPI figures were reported this morning. Currently, the GBP / USD is trading at 1.9465, not far from the important support at 1.9410. We don't see support being broken today despite Sterling's weakness and advise traders to wait until a clearer picture develops. The overall opinion in the market is that Sterling will drop against the other major currencies but, as we said, we do not expect any major moves today and have no forecast.
- Dan Blystone's Daily Briefing − Webinar at 12:30 GMT
- Raghee Horner's Four Step Trading: Forex by Raghee Horner, co−Founder and Lead Trader Raghee.com
- Check out how pairs moved: Live Currency Rates & Charts
- Follow up the most relevant Economic Data in the new Real Time Economic Calendar
Other Topics for this Session:
Currency Technical Report − Currency Technical Analysis by FXGreece
Currency Performance
Action Bias Summary Table − Action Bias Summary Table by ActionForex.com
Majors at a Glance
- EUR/USD
- Trades around opening price level 1.5550 , above pivot level 1.5496
05/13/2008 10:04 GMT - GBP/USD
- Trades below pivot level 1.9550
05/13/2008 10:04 GMT - USD/CHF
- Trades below pivot level 1.0450
05/13/2008 10:04 GMT - USD/JPY
- Trades around opening price level 103.75 , above pivot level 103.45
05/13/2008 10:04 GMT
Analyst Sentiment Index (ASI)
Analysts Sentiment Index - EUR/USD
**Source : ActionForex.com, CMS Forex, Danske Bank A/S, FXstreet.com, Global Forex Trading, 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 RETAIL SALES
| Date (GMT) | Event | Cons. | Previous | |
| May 13 | 12:30 | Retail Sales ex Autos (MoM) | 0.2% | 0.1% |
| May 13 | 12:30 | Retail Sales (MoM) | -0.2% | 0.2% |
The Week Ahead - Retail Sales, CPI, Import Prices and Consumer Confidence by BBVA Bancomer
We expect retail sales to remain unaltered in April as sales of autos declined and sales at gas stations rose in the month. Excluding autos, sales probably increased 0.1%, mostly inflated by the cost of gasoline.
[ Full Story ]- HIGHLIGHTS Outlook of US economic indicators to be released in the coming week (Thomson Financial News)
Daily Market Briefing - Impact of Retail Sales on the US Dollar by FXCM
Daily Forex Technical Report − US Retail Sales Watched by ActionForex.com
Top Market Movers Review
UK CONSUMER PRICE INDEX
| Date (GMT) | Event | Actual | Cons. | Previous | |
| May 13 | 08:30 | Consumer Price Index (MoM) | 0.8% | 0.5% | 0.4% |
| May 13 | 08:30 | Core Consumer Price Index (YoY) | 1.4% | 1.3% | 1.2% |
| May 13 | 08:30 | Consumer Price Index (YoY) | 3.0% | 2.6% | 2.5% |
DATA SNAP: UK April CPI +3.0% On Yr; No BOE Letter Required (Dow Jones)
U.K. consumer price inflation accelerated at its sharpest pace in almost six years in April, taking it to within a whisker of the level that would require the Bank of England to write an explanatory letter to the government.
[ Full Story ]- Read the CPI data at National Statistics
- UK gilts lower after sharp CPI rise; European bonds up in quiet holiday trade (Thomson Financial News)
- 2nd UPDATE: UK April CPI +3.0%YY; No BOE Letter Required Yet (Dow Jones)
- UPDATE: UK April CPI +3.0% On Yr; No BOE Letter Required Yet (Dow Jones)
Forex Trading Strategies - UK shows signs of steeper slowdown, but also high inflation by Saxo Bank
Daily Forex Commentary - CPI from Sweden and the UK by Jyske Bank
Daily Forex Outlook - GBP rallies on the back of sturdy PPI, ahead of Retail Sales and CPI figures today by Easy Forex
Economic Events
| Date (GMT) | Country | Event | Actual | Cons. | Previous | |
| May 13 | 08:30 | UK | Consumer Price Index (YoY) (Apr) | 3.0% | 2.6% | 2.5% |
| 08:30 | UK | Core Consumer Price Index (YoY) (Apr) | 1.4% | 1.3% | 1.2% | |
| 08:30 | UK | Retail Price Index (MoM) (Apr) | 0.9% | 0.6% | 0.3% | |
| 08:30 | UK | Retail Price Index (YoY) (Apr) | 4.2% | 3.9% | 3.8% | |
| 09:00 | UK | CML Gross Mortgage Lending s.a. | £24.1B | £25.0B |
||
| 10:08 | UK | DCLG House Price Index (YoY) (Mar) | 5.2% | 4.5% | 6.3% |
|
| 12:20 | US | Fed's Bernanke Speech | ||||
| 12:30 | US | Import Price Index (MoM) (Apr) | 1.6% | 2.8% | ||
| 12:30 | US | Import Price Index (YoY) (Apr) | 15.0% | 14.8% | ||
| 12:30 | US | Retail Sales (MoM) (Apr) | -0.2% | 0.2% | ||