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U.S. Trading Newsletter
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Live Sessions Schedule
Range Bound and Trending Markets − Free Access Day
Expert: Adam Rosen
Start: Thu, May 15, 12:00 GMT
Type of Session: Webinar
Forex Trading: The 10 capitals sins to avoid − Free Access Day
Expert: Valeria Bednarik
Start: Thu, May 15, 14:00 GMT
Type of Session: Webinar
| Sponsored by | ||||
| Thu, May 15, 11:00 GMT | FX Instructor Live Trading Room − Free Access Day | Mark De La Paz | WBN |  |
| Thu, May 15, 12:00 GMT | Range Bound and Trending Markets − Free Access Day | Adam Rosen | WBN |  |
| Thu, May 15, 12:30 GMT | Dan Blystone's Daily Briefing − Free Access Day | Dan Blystone | WBN | |
| Thu, May 15, 13:00 GMT | Forex Options − Free Access Day | S. Wade Hansen | WBN | |
Current Session: Europe − U.S.
USD/JPY
Technical Summary for Majors − Rally from 95.72, 17 Mar low, peaked at 105.70 on 02 May by Windsor Brokers Ltd
Rally from 95.72, 17 Mar low, peaked at 105.70 on 02 May, followed by dip to 104.02. Recovery attempt left slightly lower high at 105.59, ahead of strong decline. This reached 102.57/61 lows on 09/12 May. The latter now buoys advance and 104.10 resistance, 50% retracement of 105.70/102.57 decline has been breached in attempt to retest the 105.59/105.70 region, with possible extension to 106.60 seen on a break. 104.58/30 offers initial support.
- Dan Blystone's Daily Briefing at 12:30 GMT/08:30 EDT
- Using CCI and Stochastics For Long and Short Term Forex Trading by Sam Seiden, Stocks and Commodities Instructor
- 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:
Daily Trading Forecast − Renewed Interest in "Carry Trades" by Swiss e Trade AG
Daily Forex News − CPI April slow increase helped Stocks and raised investors risk's appetite by ACM − Advanced Currency Markets
Majors at a Glance
- EUR/USD
- Moves up above seconds resistant level 1.5541
05/15/2008 10:01 GMT - GBP/USD
- Moves up towards first resistant level 1.9498
05/15/2008 10:01 GMT - USD/CHF
- Moves down below first support level 1.0504
05/15/2008 10:01 GMT - USD/JPY
- Moves down below first support level 104.60
05/15/2008 10:01 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 NY EMPIRE STATE MANUFACTURING INDEX
| Date (GMT) | Event | Cons. | Previous | |
| May 15 | 12:30 | NY Empire State Manufacturing Index | 0.00 | 0.63 |
The Week Ahead - Empire State & Philadelphia Indices by BBVA Bancomer
Regional industrial indices will worsen in May. In our view, firms are likely to scale back production in the next months in order to reduce their relatively high levels of inventories. This development together with the slowdown of consumer spending and the negative contribution of residential investment will lead to a contraction in GDP during the second quarter.
[ Full Story ]- Ahead of the Bell: No growth expected in surveys (Thomson Financial News)
Top Market Movers Review
EMU CONSUMER PRICE INDEX
| Date (GMT) | Event | Actual | Cons. | Previous | |
| May 15 | 09:00 | Consumer Price Index (MoM) | 0.3% | 0.3% | 1.0% |
| May 15 | 09:00 | Consumer Price Index − Core (YoY) | 1.6% | 2.0% | 2.0% |
| May 15 | 09:00 | Consumer Price Index (YoY) | 3.3% | 3.3% | 3.5% |
Euro zone April HICP up 3.3 pct year−on−year, unchanged vs provisional (Thomson Financial News)
The euro zone's harmonised index of consumer prices rose a final 3.3 percent year−on−year in April, unchanged from the provisional estimate, EU statistics office Eurostat said.
[ Full Story ]- Read the CPI data at Eurostat
- Euro Zone inflation eases somewhat in April, yet well above the 2.0% Y/Y (FXstreet.com)
- EU Consumer Price Index rises 0.3% in Apr; 3.3% up on the year (FXstreet.com)
Daily Forex Outlook - Euro−zone CPI figures released on Thursday by Easy Forex
EMU economic indicators - HICP inflation in the euro area will probably be confirmed at 3.3% yoy for April by BHF−Bank
EMU ECB PUBLISHES MONTHLY REPORT
| Date (GMT) | Event | Actual | Cons. | Previous | |
| May 15 | 08:00 | ECB Publishes Monthly Report | - | - | - |
ECB: The Euro Zone is suffering a protracted period of inflation (FXstreet.com)
The Euro Area, according to the latest ECB bulletin is facing a protracted period of high annual inflation resulting from rising prices of food and energy, although the economic fundamentals in the Euro Areas are sound and the main macroeconomic indicators show moderate but continuous economic growth in the European Monetary Union.
[ Full Story ]- Read full Monthly Report at ECB
- ECB survey: economists raise inflation forecasts, cut growth projections UPDATE (Thomson Financial News)
- ECB survey: economists raise inflation forecasts, cut growth projections (Thomson Financial News)
- ECB says inflation likely to remain high for 'protracted period' (Thomson Financial News)
Economic Events
| Date (GMT) | Country | Event | Actual | Cons. | Previous | |
| May 15 | 08:00 | EMU | ECB Publishes Monthly Report | |||
| 09:00 | EMU | Consumer Price Index − Core (YoY) (Apr) | 1.6% | 2.0% | 2.0% | |
| 09:00 | EMU | Consumer Price Index (MoM) (Apr) | 0.3% | 0.3% | 1.0% | |
| 09:00 | EMU | Consumer Price Index (YoY) (Apr) | 3.3% | 3.3% | 3.5% | |
| 09:00 | EMU | Gross Domestic Product s.a. (QoQ) (1Q)  | 0.7% | 0.5% | 0.4% | |
| 09:00 | EMU | Gross Domestic Product s.a. (YoY) (1Q) | 2.2% | 1.9% | 2.2% | |
| 11:40 | EMU | ECB Trichet's Speech | ||||
| 12:30 | US | Continuing Jobless Claims (May 3) | 3035K | |||
| 12:30 | US | Initial Jobless Claims (May 10) | 370K | 365K | ||
| 12:30 | CA | Manufacturing Shipments (MoM) (Mar) | -0.5% | 1.6% | ||