Monday, May 19, 11:19 GMT
U.S. Trading Newsletter
To Get Started
- Webinar Videos: The Weather Report: Ichimoku Cloud Trading by Chris Capre
- Weekly Pivot Points by Wayne McDonell
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Live Sessions Schedule
Dan Blystone's Daily Briefing
Expert: Dan Blystone
Start: Mon, May 19, 12:30 GMT
Type of Session: Webinar
Derek Frey's Outlook
Expert: Derek Frey
Start: Mon, May 19, 14:00 GMT
Sponsored by: 
Type of Session: Webinar
| Sponsored by | ||||
| Mon, May 19, 12:30 GMT | Dan Blystone's Daily Briefing | Dan Blystone | WBN |  |
| Mon, May 19, 14:00 GMT | Derek Frey's Outlook | Derek Frey | WBN | |
| Mon, May 19, 15:00 GMT | Advanced Methods for Finding Dominant Trends in Forex Markets  | Steve Primo | WBN | |
| Mon, May 19, 16:00 GMT | Weekly Webinar: 1st on Forex − The Week Ahead | Jerry Furst | WBN |  |
Current Session: Europe − U.S.
EUR/JPY
EUR/JPY Daily Technical Forex − 162.03, trading just above the daily pivot point level of 161.95 by KBC Bank
Current level at 11:32 CET is 162.03, trading just above the daily pivot point level of 161.95 and unable to generate directional force. Daily Bollinger bands are flat and are enveloped within the 159.66 − 164.75 range. Falling trendline resistance from the 169.04 high comes in at 164.76. The rising 200 day moving average is at 160.62.
- 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 Forex News − Forex − Dollar fell after Friday data on lower chances for a rate hike by ACM − Advanced Currency Markets
Currency Performance
Action Bias Summary Table − Action Bias Summary Table by ActionForex.com
Majors at a Glance
- EUR/USD
- Trades above pivot level 1.5544
05/19/2008 11:17 GMT - GBP/USD
- Trades around opening price level 1.9568 , above pivot level 1.9529
05/19/2008 11:17 GMT - USD/CHF
- Trades around opening price level 1.0457 , below pivot level 1.0495
05/19/2008 11:17 GMT - USD/JPY
- Trades below pivot level 104.24
05/19/2008 11:17 GMT
Charting the Market Movers
EUR USD, Hourly
GBP USD, Hourly
Top Market Movers Preview
US LEADING INDICATORS
| Date (GMT) | Event | Cons. | Previous | |
| May 19 | 14:00 | Leading Indicators (MoM) | -0.1% | 0.1% |
Friday Notes - US Index of leading indicators: Data point to sluggish US economy by HVB Group
Available data for April are mixed. Two of the most important components, hours worked in manufacturing and initial claims for unemployment compensation, were strongly negative in April. Consumer expectations were also weaker. However, the stock market and money supply did better, while the yield curve steepened.
[ Full Story ]US economic indicators - Leading indicators will still signal economic recession in April by BHF−Bank
Top Market Movers Review
EMU CONSTRUCTION OUTPUT S.A
| Date (GMT) | Event | Actual | Cons. | Previous | |
| May 19 | 09:00 | Construction Output s.a (MoM) | -2.2% | - | 1.6% |
| May 19 | 09:00 | Construction Output w.d.a (YoY) | -1.4% | - | 4.4% |
DATA SNAP: Construction Output Falls Across Euro Zone In Mar (Dow Jones)
One of the sources of the euro zone's surprising economic strength in the first quarter showed signs of faltering in March as construction activity fell across the currency bloc.
[ Full Story ]- Read the report: Construction output down 2.2% in the euro area at Eurostat
- Euro zone construction output weakens considerably in March (FXstreet.com)
- EU Construction Output declines 2.2% in Mar; 1.4% down on year (FXstreet.com)
Economic Events
| Date (GMT) | Country | Event | Actual | Cons. | Previous | |
| May 18 | 23:01 | UK | Rightmove House Price Index (MoM) (May) | 1.2% | -0.1% | |
| 23:01 | UK | Rightmove House Price Index (YoY) (May) | 2.2% | 1.3% | ||
| May 19 | 05:30 | JP | Nationwide Department Sales (YoY) (Apr) | -3.4% | 0.9% | |
| 09:00 | EMU | Construction Output s.a (MoM) (Mar) | -2.2% | 1.6% |
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| 09:00 | EMU | Construction Output w.d.a (YoY) (Mar) | -1.4% | 4.4% |
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| 14:00 | US | Leading Indicators (MoM) (Apr) | -0.1% | 0.1% | ||
| 23:50 | JP | Tertiary Industry Index (MoM) (Mar) | 0.5% | -1.7% | ||
| May 20 | 01:30 | AU | RBA Meeting's Minutes | |||
| 04:00 | JP | BoJ Interest Rate Decision | 0.5% | 0.5% | ||
| 05:00 | JP | Coincident Index (Mar) | 70% | |||