Wednesday, May 21, 10:59 GMT
U.S. Trading Newsletter
To Get Started
- Webinar Videos: The Weather Report: Ichimoku Cloud Trading by Chris Capre
- EUR/USD shows a spike after the IFO data release
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Live Sessions Schedule
Dan Blystone's Daily Briefing
Expert: Dan Blystone
Start: Wed, May 21, 12:30 GMT
Type of Session: Webinar
Main Fundamental theme in the Currency market
Expert: Kathy Lien
Start: Wed, May 21, 13:00 GMT
Sponsored by: 
Type of Session: Webinar
| Sponsored by | ||||
| Wed, May 21, 12:00 GMT | US Pre−Market Open  | Ed Ponsi | WBN |  |
| Wed, May 21, 12:30 GMT | Dan Blystone's Daily Briefing | Dan Blystone | WBN | |
| Wed, May 21, 13:00 GMT | Main Fundamental theme in the Currency market | Kathy Lien | WBN | |
| Wed, May 21, 13:30 GMT | US Session Open | Ed Ponsi | WBN | |
Current Session: Europe − U.S.
EUR/USD
Daily FX Report − EUR/USD above the 1,5700 level by Varengold Wertpapierhandelsbank AG
In EUR/USD there is a wide trading range that moves slightly up. This range started on May 16th around 1,5450 and moved within two days up to 1,5650. After a rebound down under 1,5500 the market moved up to around 1,5750 yesterday. With the current volatility there could be further moves in this wide range.
- Dan Blystone's Daily Briefing at 12:30 GMT/08:30 EDT
- Longer−term Support and Resistance Trading: Setups and Rules by Rob Booker, Currency Analyst Piptopia
- 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/CZK by Mizuho Corporate Bank
Currency Performance
Action Bias Summary Table − Action Bias Summary Table by ActionForex.com
Majors at a Glance
- EUR/USD
- Moves up towards second resistant level 1.5786
05/21/2008 10:43 GMT - GBP/USD
- Back around opening price level 1.9682 , above pivot level 1.9626
05/21/2008 10:44 GMT - USD/CHF
- Moves down below first support level 1.0307
05/21/2008 10:45 GMT - USD/JPY
- Trades around first support level 103.26
05/21/2008 10:46 GMT
Charting the Market Movers
EUR USD, Hourly
GBP USD, Hourly
Top Market Movers Preview
Canada CONSUMER PRICE INDEX
| Date (GMT) | Event | Cons. | Previous | |
| May 21 | 11:00 | Bank of Canada Consumer Price Index Core (YoY) | 1.4% | 1.3% |
| May 21 | 11:00 | Bank of Canada Consumer Price Index Core (MoM) | 0.2% | 0.2% |
| May 21 | 11:00 | Consumer Price Index (YoY) | 1.4% | 1.4% |
| May 21 | 11:00 | Consumer Price Index (MoM) | 0.4% | 0.4% |
Daily Forex Technical Report − BoE & FOMC Minutes Awaited; German Ifo, Canadian CPI Eyed by ActionForex.com
Before that, Canadian CPI will be the main focus which is expected to be unchanged at 1.4% yoy in Apr. Core CPI is also expected to be unchanged at 1.3% yoy.
[ Full Story ]Weekly Economic Letter - Canada: regional economic disparities to persist by National Bank of Canada
Top Market Movers Review
UK BANK OF ENGLAND MINUTES
| Date (GMT) | Event | Actual | Cons. | Previous | |
| May 21 | 08:30 | Bank of England Minutes | - | - | - |
BoE agents survey paints increasingly gloomy picture of UK economy UPDATE (Thomson Financial News)
The Bank of England's agents painted an increasingly gloomy picture of the UK economy today, highlighting that the property market weakness has intensified.
[ Full Story ]- Read the MPC Minutes at BoE
- BoE agents survey paints increasingly gloomy picture of UK economy (Thomson Financial News)
- The Bank of England approved by 8 votes to 1 keeping Bank Rate on Hold (FXstreet.com)
- BoE MPC voted 8−1 to keep rates at 5 pct on May 8, Blanchflower opted for cut (Thomson Financial News)
Weekly Review and Outlook − FOMC & BoE Minutes Awaited by ActionForex.com
Germany IFO − BUSINESS CLIMATE
| Date (GMT) | Event | Actual | Cons. | Previous | |
| May 21 | 08:00 | IFO − Business Climate | 103.5 | 102.0 | 102.4 |
| May 21 | 08:00 | IFO − Expectations | 97.3 | 96.4 | 96.8 |
German Ifo Business Climate index grows above expectations in May (FXstreet.com)
Business Climate seems to have improved in Germany in may, as tie Ifo Business Climate Index has posted a larger than expected improvement, same accounts for the expectations index, according to data released by the Ifo Institute.
[ Full Story ]- Read the Business Climate data at IFO
- UPDATE: Ifo's Nerb: ECB Rate Cut In Autumn "Appropriate" −TV (Dow Jones)
- Ifo's Nerb: ECB Rate Cut In Autumn "Appropriate" −TV (Dow Jones)
- Forex − Euro gets a fillip from surprise improvement in German Ifo UPDATE (Thomson Financial News)
Daily Forex Commentary - Further Ifo weakness ahead? by Jyske Bank
Forex Analysis on Majors - IFO Index may add euro more assurance by Forex Ltd
Forex Trading Strategies - EUR in focus with IFO release today by Saxo Bank
Economic Events
| Date (GMT) | Country | Event | Actual | Cons. | Previous | |
| May 21 | 08:30 | UK | Bank of England Minutes | |||
| 08:30 | UK | M4 Money Supply (MoM) (Apr)  | 0.7% | 0.6% | 0.8% | |
| 08:30 | UK | M4 Money Supply (YoY) (Apr) | 11.2% | 11.1% | 11.9% | |
| 08:30 | UK | M4 Sterling Lending (Apr) | £26.0B | £16.0B | £17.4B | |
| 08:30 | UK | Public Sector Net Borrowing (Apr) | £-0.5B | £1.5B | £10.2B | |
| 09:00 | CH | ZEW Survey − Expectations (May) | -60.4 | -71.4 | ||
| 11:00 | CA | Bank of Canada Consumer Price Index Core (MoM) (Apr) | 0.2% | 0.2% | ||
| 11:00 | CA | Bank of Canada Consumer Price Index Core (YoY) (Apr) | 1.4% | 1.3% | ||
| 11:00 | CA | Consumer Price Index (MoM) (Apr) | 0.4% | 0.4% | ||
| 11:00 | CA | Consumer Price Index (YoY) (Apr) | 1.4% | 1.4% | ||