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U.S. Trading Newsletter
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Live Sessions Schedule
Dan Blystone's Daily Briefing
Expert: Dan Blystone
Start: Tue, May 27, 12:30 GMT
Type of Session: Webinar
The Weather Report: Ichimoku Cloud Trading
Expert: Chris Capre
Start: Tue, May 27, 14:00 GMT
Type of Session: Webinar
| Sponsored by | ||||
| Tue, May 27, 11:00 GMT | FX Instructor Live Trading Room  | Mark De La Paz | WBN |  |
| Tue, May 27, 12:30 GMT | Dan Blystone's Daily Briefing | Dan Blystone | WBN |  |
| Tue, May 27, 13:00 GMT | 2nd Quarter Review | Adam Rosen | WBN | |
| Tue, May 27, 14:00 GMT | The Weather Report: Ichimoku Cloud Trading | Chris Capre | WBN | |
Current Session: Europe − U.S.
EUR/USD
Daily Technical Strategist − EURUSD: Consolidation To Further Upside Gains Remains by FXTechstrategy
EURUSD: As a run to the upside off the 1.5283 low (May 09'08) begins to consolidate due to overbought condition, the pair may head lower to unwind the said condition before an attempt on the upside could be seen again. In such a case, the 1.5710 level, its April 18'08 low followed by the 1.5593 level, its May 06'08 high will serve as initial objectives followed by the 1.5360/41 area, its May 02'08/Mar 24'08 lows/.382 Ret (1.4438−1.6018 rally).
- Dan Blystone's Daily Briefing
- 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
Action Bias Summary Table − Action Bias Summary Table by ActionForex.com
Weekly Analysis
Chart of the Week − USD/JPY by FXstreet.com
Majors at a Glance
- EUR/USD
- Drops below first support level 1.5743 from second resistant level 1.5816
05/27/2008 10:12 GMT - GBP/USD
- Drops below first support level 1.9775 from first resistant level 1.9848
05/27/2008 10:12 GMT - USD/CHF
- Moves up toward second resistant level 1.0297
05/27/2008 10:13 GMT - USD/JPY
- Moves up above third resistant level 103.92
05/27/2008 10:13 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 NEW HOME SALES
| Date (GMT) | Event | Cons. | Previous | |
| May 27 | 14:00 | New Home Sales | 527K | 526K |
| May 27 | 14:00 | New Home Sales (MoM) | 0.1% | -8.5% |
US economic indicators - New home sales have not bottomed out yet by BHF−Bank
The downward trend in new home sales accelerated sharply in February and March: they fell by a total of more than 13%. We do not think that new home sales have bottomed out yet, but, after dropping sharply, they could have stopped falling in April.
[ Full Story ]- Ahead of the Bell: New Home Sales (Thomson Financial News)
Daily Forex Technical Report − Focus on Consumer Confidence and Housing by ActionForex.com
Top Market Movers Review
UK BBA MORTGAGE APPROVALS
| Date (GMT) | Event | Actual | Cons. | Previous | |
| May 27 | 08:30 | BBA Mortgage Approvals | 38.7K | - | 35.5K |
2nd UPDATE: BBA: UK April Mortgage Approvals, Lending Rise (Dow Jones)
U.K. mortgage lending rose in April with support from strong remortgaging activity, but mortgage approvals remained significantly weaker than last year as the credit crunch continued to weigh on activity in the housing market.
[ Full Story ]- Read the Mortgage Approvals data at BBA
- UK April mortgage lending edges up on high levels of remortgaging − BBA UPDATE (Thomson Financial News)
- UK April mortgage lending edges up on high levels of remortgaging − BBA (Thomson Financial News)
- UK BBA mortgage approvals have increased slightly in April (FXstreet.com)
Germany GROSS DOMESTIC PRODUCT S.A
| Date (GMT) | Event | Actual | Cons. | Previous | |
| May 27 | 06:00 | Gross Domestic Product w.d.a (YoY) | 2.6% | 2.6% | 1.8% |
| May 27 | 06:00 | Gross Domestic Product s.a (QoQ) | 1.5% | 1.5% | 0.3% |
| May 27 | 06:00 | Gross Domestic Product n.s.a (YoY) | 1.8% | 1.8% | 1.6% |
DATA SNAP: German 1Q GDP Jumps 1.5% On Quarter; As Expected (Dow Jones)
German economic activity surged in the first quarter of this year, propelled by lively construction activity and corporate investment, data from the Federal Statistics Office confirmed Tuesday.
[ Full Story ]- Read the GDP data at German Statistics
- 2nd UPDATE: German 1Q GDP Jumps 1.5% On Quarter; As Expected (Dow Jones)
- German final Q1 GDP growth 1.5 pct vs Q4, confirms preliminary results (Thomson Financial News)
- Germany Gross Domestic Product s.a rises to 1.5% in the 1Q vs 0.3% (FXstreet.com)
Friday Notes - Germany, GDP: Growth spurt at the beginning of the year by HVB Group
Germany GFK CONSUMER CONFIDENCE SURVEY
| Date (GMT) | Event | Actual | Cons. | Previous | |
| May 27 | 06:00 | Gfk Consumer Confidence Survey | 4.9 | 5.7 | 5.6 |
UPDATE: GfK: Inflation Damps German June Consumer Confidence (Dow Jones)
German consumer confidence is set to weaken in June after a sudden improvement in May, as rising inflation this month has damped consumers' mood, German market research group GfK said Tuesday.
[ Full Story ]- Read the Consumer Confidence data at Gfk
- Forex − Euro eases on weak confidence indicators, but inflation data looms (Thomson Financial News)
- Germany's GfK sees June consumer climate index at 4.9 points vs 5.6 in May (Thomson Financial News)
- German GfK consumer confidence index weakens in June (FXstreet.com)
Forex Analysis on Majors - GfK made euro weak by Forex Ltd
Economic Events
| Date (GMT) | Country | Event | Actual | Cons. | Previous | |
| May 27 | 06:00 | DE | Gfk Consumer Confidence Survey (Jun) | 4.9 | 5.7 | 5.6 |
| 06:00 | DE | Gross Domestic Product n.s.a (YoY) (1Q) | 1.8% | 1.8% | 1.6% | |
| 06:00 | DE | Gross Domestic Product w.d.a (YoY) (1Q) | 2.6% | 2.6% | 1.8% | |
| 06:15 | CH | Trade Balance (Apr) | 1.57B | 1.27B |
||
| 08:00 | CH | UBS Consumption Indicator (Apr) | 2.179 | 2.249 |
||
| 08:30 | UK | BBA Mortgage Approvals (Apr) | 38.7K | 35.5K |
||
| 13:00 | US | S&P/Case−Shiller Home Price Indices (Apr) | -14.0% | -12.7% | ||
| 14:00 | US | Consumer Confidence (May) | 60.1 | 62.3 | ||
| 14:00 | US | New Home Sales (Apr) | 527K | 526K | ||
| 14:00 | US | New Home Sales (MoM) (Apr) | 0.1% | -8.5% | ||