Tuesday, May 20, 11:00 GMT
U.S. Trading Newsletter
To Get Started
- Webinar Videos: The Weather Report: Ichimoku Cloud Trading by Chris Capre
- Forex Video: News Trade Alert by Wayne McDonell
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Live Sessions Schedule
Dan Blystone's Daily Briefing
Expert: Dan Blystone
Start: Tue, May 20, 12:30 GMT
Type of Session: Webinar
The Weather Report: Ichimoku Cloud Trading
Expert: Chris Capre
Start: Tue, May 20, 14:00 GMT
Type of Session: Webinar
| Sponsored by | ||||
| Tue, May 20, 11:00 GMT | FX Instructor Live Trading Room  | Mark De La Paz | WBN |  |
| Tue, May 20, 12:00 GMT | US Pre−Market Open | Ed Ponsi | WBN |  |
| Tue, May 20, 12:30 GMT | Dan Blystone's Daily Briefing | Dan Blystone | WBN | |
| Tue, May 20, 13:30 GMT | US Session Open | Ed Ponsi | WBN | |
Current Session: Europe − U.S.
EUR/USD
Daily Trading Forecast − Currency Market Dominated by Ecomonic Reports by Swiss e Trade AG
The EUR / USD has risen to a new day's high and is currently trading at 1.5638, in spite of worse than expected ZEW figures out of Germany. Normally, such a situation indicates underlying strength for the currency under report, in the case the Euro, and signals the contined rise in EUR / USD prices, perhaps to the 1.6000 level in coming days. The EUR / USD is now heavily overbought and we have no forecast, but watch for further EUR / USD strength.
- 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
Banks' Analysis
Daily Technical Analysis − GBP: Trying to bounce from the bottom of a downward−sloping ‘wedge' formation by Mizuho Corporate Bank
Currency Performance
Action Bias Summary Table − Action Bias Summary Table by ActionForex.com
Majors at a Glance
- EUR/USD
- Continues to move up above first resistant level 1.5600
05/20/2008 10:08 GMT - GBP/USD
- Continues to move up towards second resistant level 1.9690
05/20/2008 10:08 GMT - USD/CHF
- Continues to move down below first support level 1.0440
05/20/2008 10:08 GMT - USD/JPY
- Trades above first support level 103.74
05/20/2008 10:09 GMT
Charting the Market Movers
EUR USD, Hourly
GBP USD, Hourly
Top Market Movers Preview
US PRODUCER PRICE INDEX
| Date (GMT) | Event | Cons. | Previous | |
| May 20 | 12:30 | Producer Price Index ex Food & Energy (MoM) | 0.2% | 0.2% |
| May 20 | 12:30 | Producer Price Index ex Food & Energy (YoY) | 2.9% | 2.7% |
| May 20 | 12:30 | Producer Price Index (YoY) | 6.6% | 6.9% |
| May 20 | 12:30 | Producer Price Index (MoM) | 0.4% | 1.1% |
HIGHLIGHTS Outlook of US economic indicators to be released in the coming week (Thomson Financial News)
The week will begin with the release of April's Producer Price Index, which is expected to have increased 0.4 pct following a 1.1 pct increase in the previous month.
[ Full Story ]Top Market Movers Review
Germany ZEW SURVEY − ECONOMIC SENTIMENT
| Date (GMT) | Event | Actual | Cons. | Previous | |
| May 20 | 09:00 | ZEW Survey − Economic Sentiment | -43.6 | -44.2 | -44.8 |
| May 20 | 09:00 | ZEW Survey − Economic Sentiment | -41.4 | -37.0 | -40.7 |
DATA SNAP:German ZEW Econ Sentiment Index Disappoints In May (Dow Jones)
Sentiment among German financial analysts and institutional investors deteriorated in May on persistent high inflation risks and a strong euro, the Center for European Economic Research, or ZEW said Tuesday.
[ Full Story ]- Read the Economic Sentiment data at ZEW
- EUR/USD: The Euro rallies despite weak ZEW (FXstreet.com)
- European govt bonds higher on weaker−than−expected German ZEW (Thomson Financial News)
- 2nd UPDATE: German ZEW Econ Sentiment Deteriorates In May (Dow Jones)
Forex Analysis on Majors - euro looks for ZEW index by Forex Ltd
EMU economic indicators - German ZEW economic sentiment is likely to have remained unchanged in May by BHF−Bank
Economic Events
| Date (GMT) | Country | Event | Actual | Cons. | Previous | |
| May 20 | 06:00 | JP | Bank of Japan Monthly Economic Survey | |||
| 06:00 | DE | Producer Price Index (YoY) (Apr) | 5.2% | 4.7% | 4.2% | |
| 07:15 | CH | Producer and Import Prices (MoM) (Apr) | 0.7% | 0.5% | 0.6% | |
| 07:15 | CH | Producer and Import Prices (YoY) (Apr) | 3.6% | 3.4% | 3.9% | |
| 09:00 | EMU | ZEW Survey − Economic Sentiment (May) | -43.6 | -44.2 | -44.8 | |
| 09:00 | DE | ZEW Survey − Economic Sentiment (May) | -41.4 | -37.0 | -40.7 | |
| 12:30 | CA | Canadian Investment in Foreign Securities (Mar) | -$6.14B | |||
| 12:30 | CA | Foreign investment in Canadian securities (Mar) | $1.50B | $3.08B | ||
| 12:30 | US | Producer Price Index (MoM) (Apr) | 0.4% | 1.1% | ||
| 12:30 | US | Producer Price Index (YoY) (Apr) | 6.6% | 6.9% | ||