Friday, May 23, 11:01 GMT
U.S. Trading Newsletter
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- Webinar Videos: Longer-term Support and Resistance Trading: Setups and Rules by Rob Booker
- Latest updates from the Industry: Broker's News section
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Live Sessions Schedule
Dan Blystone's Daily Briefing
Expert: Dan Blystone
Start: Fri, May 23, 12:30 GMT
Type of Session: Webinar
Fibonacci Friday
Expert: Andrei Pehar
Start: Fri, May 23, 15:00 GMT
Type of Session: Webinar
| Sponsored by | ||||
| Fri, May 23, 12:00 GMT | US Pre−Market Open  | Ed Ponsi | WBN |  |
| Fri, May 23, 12:30 GMT | Dan Blystone's Daily Briefing | Dan Blystone | WBN | |
| Fri, May 23, 13:00 GMT | Black Swans − Taking advantage of the unexpected | John Jagerson | WBN | |
| Fri, May 23, 13:30 GMT | US Session Open | Ed Ponsi | WBN | |
Current Session: Europe − U.S.
USD/JPY
Daily Trading Forecast − Profit−Taking Seen in Today's Trading by Swiss e Trade AG
The USD / JPY is currently trading at 103.65 and, whereas the dollar has fallen against the other major currencies, against the yen the dollar was able to gain in value. This conflict is due mainly to the Bank of Japan's independent economic policy. Prices may rise above 104.00 in today's trading but we see rather quiet movements and low volatility, so we have no firm outlook.
- Trading Range Bound and Trending Market Conditions Adam Rosen, CEO and Co−Founder 4xLounge
- 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
FX Strategy − EUR/SEK: Riding the right range by Danske Bank A/S
FX Analysts' Comments
Canadian Loonie − In the Box by http://1stonforex.fxstreet.com/2008/05/canadian−loonie.html
Majors at a Glance
- EUR/USD
- Trades below pivot level 1.5745
05/23/2008 10:01 GMT - GBP/USD
- Trades above pivot level 1.9778
05/23/2008 10:01 GMT - USD/CHF
- Trades above pivot level 1.0296
05/23/2008 10:01 GMT - USD/JPY
- Trades around opening price level 104.09 , above pivot level 103.72
05/23/2008 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 EXISTING HOME SALES
| Date (GMT) | Event | Cons. | Previous | |
| May 23 | 14:00 | Existing Home Sales | 4.85 | 4.93M |
| May 23 | 14:00 | Existing Home Sales (MoM) | -1.6% | -2.0% |
Trading News Report - Can A Rebound In Housing, Bring Back Dollar Bulls? by FXCM
Existing home sales are expected to have fallen to 4.85 million as the housing market continues to deteriorate. Buyers have been reluctant to buy, as property values continue to decline and rising foreclosures add to inventories.
[ Full Story ]- Ahead of the Bell: Existing Home Sales (Thomson Financial News)
- Forex − Dollar steady in afternoon Asian trade ahead of U.S. housing data (Thomson Financial News)
Daily Forex Technical Report − Dollar Consolidates ahead of Existing Home Sales by ActionForex.com
The Week Ahead - PPI, FOMC Minutes, Existing Home Sales, Leading Indicators and Jobless Claims by BBVA Bancomer
Top Market Movers Review
UK GROSS DOMESTIC PRODUCT
| Date (GMT) | Event | Actual | Cons. | Previous | |
| May 23 | 08:30 | Gross Domestic Product (YoY) | 2.5% | 2.5% | 2.8% |
| May 23 | 08:30 | Gross Domestic Product (QoQ) | 0.4% | 0.4% | 0.6% |
DATA SNAP: UK Q1 GDP Up Unrevised 0.4%, Consumption Rebounds (Dow Jones)
There was a sharp rebound in consumer spending in the first quarter, which helped the economy expand 0.4% between January and March, unrevised from the preliminary estimate.
[ Full Story ]- Read the GDP data at National Statistics
- UK GDP growth slows down slightly in the first quarter of 2008 (FXstreet.com)
- UK Q1 GDP growth unrevised at quarterly 0.4 percent, annual 2.5 percent (Thomson Financial News)
- United Kingdom Gross Domestic Product rises 0.4% in 1Q; 2.5% up year on year (FXstreet.com)
EMU PMI MANUFACTURING
| Date (GMT) | Event | Actual | Cons. | Previous | |
| May 23 | 08:00 | Purchasing Manager Index Services | 50.6 | 51.7 | 52.0 |
| May 23 | 08:00 | PMI Manufacturing | 50.5 | 50.5 | 50.7 |
Euro Zone's services and manufacturing activity, at the brink of contraction in May (FXstreet.com)
Activity in both services and manufacturing sectors has declined to levels close to contraction in the European Union, according to the preliminary flash estimation provided by NTC statistics.
[ Full Story ]- NTC Economics homepage
- European govt bonds higher following sharp falls in euro zone PMIs (Thomson Financial News)
- UPDATE: Euro−Zone PMI Shows Further Weakness In May (Dow Jones)
- Euro zone provisional May PMIs fall further than expected − sources UPDATE (Thomson Financial News)
EMU economic indicators - The May RBS PMI manufacturing indices for Germany and the EMU could be unchanged too by BHF−Bank
Economic Events
| Date (GMT) | Country | Event | Actual | Cons. | Previous | |
| May 23 | 07:30 | DE | PMI Manufacturing (May)  | 53.5 | 53.2 | 53.6 |
| 08:00 | EMU | PMI Manufacturing (May) | 50.5 | 50.5 | 50.7 | |
| 08:00 | EMU | Purchasing Manager Index Services (May) | 50.6 | 51.7 | 52.0 | |
| 08:30 | UK | Gross Domestic Product (QoQ) (1Q) | 0.4% | 0.4% | 0.6% | |
| 08:30 | UK | Gross Domestic Product (YoY) (1Q) | 2.5% | 2.5% | 2.8% | |
| 08:30 | UK | Index of Services (Mar) | 0.5% | 0.5% | 0.3% | |
| 14:00 | US | Existing Home Sales (Apr) | 4.85 | 4.93M | ||
| 14:00 | US | Existing Home Sales (MoM) (Apr) | -1.6% | -2.0% | ||
| May 25 | 22:45 | NZ | Trade Balance (Apr) | -50M | ||
| May 26 | 06:00 | DE | Consumer Price Index (MoM) (May) | -0.2% | ||