Wednesday, May 14, 11:11 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
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Live Sessions Schedule
Dan Blystone's Daily Briefing
Expert: Dan Blystone
Start: Wed, May 14, 12:30 GMT
Type of Session: Webinar
Level of Sentiment in the FX Market
Expert: Antonio Sousa
Start: Wed, May 14, 13:00 GMT
Sponsored by: 
Type of Session: Webinar
| Sponsored by | ||||
| Wed, May 14, 12:30 GMT | Dan Blystone's Daily Briefing | Dan Blystone | WBN |  |
| Wed, May 14, 13:00 GMT | Level of Sentiment in the FX Market | Antonio Sousa | WBN | |
| Wed, May 14, 14:00 GMT | Tracking the forex market together / Part II  | Dr.S.Sivaraman | WBN | |
| Wed, May 14, 15:00 GMT | Institutional Trading Strategies | Andrei Pehar | WBN | |
Current Session: Europe − U.S.
EUR/USD
Technical Summary for Majors − EURUSD: Reversal from 1.6019 peak bottomed at 1.5285 by Windsor Brokers Ltd
Reversal from 1.6019 peak bottomed at 1.5285 on 08 May, ahead of two−legged recovery. 1.5488 was reached initially, followed by dip that left a higher low at 1.5366, with fresh push higher seen extending to 1.5570. Failure to sustain gains has triggered fresh weakness, with loss of 1.5431, 13 May low, support, now fading hopes of higher low ahead of fresh attempt higher and increasing risk of decline towards 1.5361/34, possibly 1.5285 on a break.
- Dan Blystone: Dan Blystone's Daily Briefing at 12:30 GMT/08:30 EDT
- 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
Banks' Analysis
Technical Analysis: Currencies − EUR/CHF by Mizuho Corporate Bank
Currency Performance
Action Bias Summary Table − Action Bias Summary Table by ActionForex.com
Majors at a Glance
- EUR/USD
- Trades around opening price level 1.5471 , below pivot level 1.5489
05/14/2008 10:53 GMT - GBP/USD
- Trades around opening price level 1.9451 , below pivot level 1.9486
05/14/2008 10:53 GMT - USD/CHF
- Trades around opening price level 1.0526 , above pivot level 1.0499
05/14/2008 10:53 GMT - USD/JPY
- Trades around opening price level 104.75 , above pivot level 104.34
05/14/2008 10:53 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 CONSUMER PRICE INDEX
| Date (GMT) | Event | Cons. | Previous | |
| May 14 | 12:30 | Consumer Price Index Ex Food & Energy (MoM) | 0.2% | 0.2% |
| May 14 | 12:30 | Consumer Price Index Ex Food & Energy (YoY) | 2.4% | 2.4% |
| May 14 | 12:30 | Consumer Price Index (YoY) | 3.9% | 4.0% |
| May 14 | 12:30 | Consumer Price Index (MoM) | 0.3% | 0.3% |
The Week Ahead - Retail Sales, CPI, Import Prices and Consumer Confidence by BBVA Bancomer
Headline CPI and core will remain contained, but this does not mean inflationary risks are nonexistent. Until now, lower labor costs and loss of consumer confidence have helped to contain inflationary pressures.
[ Full Story ]- HIGHLIGHTS Outlook of US economic indicators to be released in the coming week (Thomson Financial News)
Wakeup Call on Forex Markets - Watch out for CPI today by Saxo Bank
Daily Forex Technical Report − Focus Still on Inflation by ActionForex.com
Top Market Movers Review
EMU INDUSTRIAL PRODUCTION S.A.
| Date (GMT) | Event | Actual | Cons. | Previous | |
| May 14 | 09:00 | Industrial Production s.a. (MoM) | -0.2% | -0.3% | 0.3% |
| May 14 | 09:00 | Industrial Production w.d.a. (YoY) | 2.0% | 2.3% | 3.1% |
DATA SNAP: Euro−Zone March Indus Output Weaker Than Expected (Dow Jones)
Euro−zone industrial output growth slowed more than expected in March as stronger energy production failed to offset weaker output elsewhere, European Union statistics agency Eurostat data showed Wednesday.
[ Full Story ]- Read the Industrial production data at Eurostat
- UPDATE: Euro−Zone March Indus Output Weaker Than Expected (Dow Jones)
- Euro zone March industrial output down 0.2 pct vs Feb, up 2.0 pct year−on−year (Thomson Financial News)
- Euro Zone's industrial production edges down in March (FXstreet.com)
Friday Notes - Banks tightening lending standards by HVB Group
UK JOBLESS CLAIMS CHANGE
| Date (GMT) | Event | Actual | Cons. | Previous | |
| May 14 | 08:30 | ILO Unemployment Rate | 5.2% | 5.2% | 5.2% |
| May 14 | 08:30 | Claimant Count Rate | 2.5% | 2.5% | 2.5% |
| May 14 | 08:30 | Jobless Claims Change | 7.2K | 0.0 | -1.2K |
UK April claimant count up 7,200, marking third consecutive rise (Thomson Financial News)
The effects of the credit crunch and the slowdown in the economy are now feeding through into the UK labour market, as the claimant count measure of unemployment unexpectedly rose in April to mark the third consecutive increase.
[ Full Story ]- Read the Labor data at National Statistics
- Forex − Pound dented by weak UK labour market data (Thomson Financial News)
- UK claimant count rate remains unchanged in March despite increase on claimants (FXstreet.com)
- United Kingdom Average Earnings excluding Bonus flat at 3.8% in Mar; including bonuses rise to 4.0% (FXstreet.com)
Economic Events
| Date (GMT) | Country | Event | Actual | Cons. | Previous | |
| May 14 | 08:30 | UK | Average Earnings excluding Bonus (3Mo/Yr) (Mar) | 3.8% | 3.8% | 3.8% |
| 08:30 | UK | ILO Unemployment Rate (Mar) | 5.2% | 5.2% | 5.2% | |
| 09:00 | EMU | Industrial Production s.a. (MoM) (Mar) | -0.2% | -0.3% | 0.3% | |
| 09:00 | EMU | Industrial Production w.d.a. (YoY) (Mar) | 2.0% | 2.3% | 3.1% | |
| 09:30 | UK | Bank of England Quarterly Inflation Report (1Q) | ||||
| 11:00 | US | MBA Mortgage Applications (May 9) | 2.9% | 15.6% | ||
| 12:30 | US | Consumer Price Index (MoM) (Apr) | 0.3% | 0.3% | ||
| 12:30 | US | Consumer Price Index (YoY) (Apr) | 3.9% | 4.0% | ||
| 12:30 | US | Consumer Price Index Ex Food & Energy (YoY) (Apr) | 2.4% | 2.4% | ||
| 12:30 | US | Consumer Price Index Ex Food & Energy (MoM) (Apr) | 0.2% | 0.2% | ||