Wednesday, May 28, 11:19 GMT
U.S. Trading Newsletter
To Get Started
- Webinar Videos: Intro to the 4x-Market A-Z by Adam Rosen
- Union of South American Nations Formed − Was That a Tree Falling? by Jerry Furst
- Today's Technical Trading Points by Danske Bank A/S
- New release in our Brokers/FDMs News Section
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Live Sessions Schedule
Main Fundamental theme in the Currency
Expert: Boris Schlossberg
Start: Wed, May 28, 13:00 GMT
Sponsored by: 
Type of Session: Webinar
How New US Regulations on the Financial Markets will Affect Currency Trading
Expert: Rob Booker
Start: Wed, May 28, 16:00 GMT
Type of Session: Webinar
| Sponsored by | ||||
| Wed, May 28, 11:00 GMT | Constructing the ideal currency trade  | Adam Rosen | WBN |  |
| Wed, May 28, 13:00 GMT | Main Fundamental theme in the Currency | Boris Schlossberg | WBN | |
| Wed, May 28, 14:00 GMT | The Oil Bubble | Joseph Trevisani | WBN | |
| Wed, May 28, 15:00 GMT | Institutional Trading Strategies | Andrei Pehar | WBN | |
Current Session: Europe − U.S.
EUR/USD
Currency Technical Report − The area of 1,5800−20 could not be breached by FXGreece
First intraday resistance emerges in the area of 1.5740−50, followed by the area of 1.5800−20. Above 1.5820, next targets will be at 1.5890−5910, while the possibility of move resumption to the previous tops of 1.6000−20 will be examined.
The most possible scenario would be a move between the area of 1.5800−20 and the support at 1.5630−50…
- 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
Other Topics for this Session:
Daily Trading Forecast − Seesaw Market by Swiss e Trade AG
Currency Performance
Action Bias Summary Table − Action Bias Summary Table by ActionForex.com
Majors at a Glance
- EUR/USD
- Moves up above pivot level 1.5730
05/28/2008 10:55 GMT - GBP/USD
- Moves up above pivot level 1.9776
05/28/2008 10:55 GMT - USD/CHF
- Moves down below pivot level 1.0301
05/28/2008 10:55 GMT - USD/JPY
- Moves down around pivot level 103.93
05/28/2008 10:55 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 DURABLE GOODS ORDERS
| Date (GMT) | Event | Cons. | Previous | |
| May 28 | 12:30 | Durable Goods Orders ex Transportation | -0.5% | 1.5% |
| May 28 | 12:30 | Durable Goods Orders | -1.1% | -0.3% |
US economic indicators - Durable goods orders could have declined again in April by BHF−Bank
Compared to the year−end level, durable goods orders fell by almost 4 % in the first three months. The fact that the ISM new orders remained at 46.5, well below the expansion threshold, indicates that durable goods orders will have continued to decline.
[ Full Story ]Wakeup Call on Forex Markets - US Durable Goods Orders Set to Highlight the Day by Saxo Bank
Top Market Movers Review
EMU CURRENT ACCOUNT S.A
| Date (GMT) | Event | Actual | Cons. | Previous | |
| May 28 | 08:00 | Current Account s.a | -15.3B | 1.5B | 7.5B |
| May 28 | 08:00 | Current Account n.s.a | -7.8B | - | 5.0B |
DATA SNAP: Euro−Zone March Adj Curr Account Deficit EUR15.3B (Dow Jones)
The euro zone's seasonally adjusted current account posted its largest deficit in more than a year in March, as deficits in goods, income and current transfers dragged the measure down, data from the European Central Bank showed Wednesday.
[ Full Story ]- Read the Current Account data at ECB
- UPDATE: Euro−Zone March Adj Curr Account Deficit EUR15.3B (Dow Jones)
- Euro zone March current account deficit 15.3 bln euros UPDATE (Thomson Financial News)
- Euro zone March current account deficit 15.3 bln euros vs Feb surplus 7.5 bln (Thomson Financial News)
EMU economic indicators - CPI inflation in Germany is likely to have accelerated to 3.0 % yoy in May by BHF−Bank
Germany IMPORT PRICE INDEX
| Date (GMT) | Event | Actual | Cons. | Previous | |
| May 28 | 06:00 | Import Price Index (MoM) | 0.9% | 0.7% | 0.4% |
| May 28 | 06:00 | Import Price Index (YoY) | 5.7% | 5.5% | 5.7% |
German April import prices up 0.9 pct vs March; up 5.7 pct yr−on−yr UPDATE (Thomson Financial News)
German April import prices rose 0.9 percent from March and were up 5.7 percent compared with April last year, driven by higher fuel costs, according to the Federal Statistics Office.
[ Full Story ]- Read the Import Prices data at German Statistics
- German Import prices increase 5.7% y−o−y in April (FXstreet.com)
- German April import prices up 0.9 pct vs March; up 5.7 pct yr−on−yr (Thomson Financial News)
- Germany Apr Import Price Index increase to 0.9% in Apr; 5.7% up on the year (FXstreet.com)
Economic Events
| Date (GMT) | Country | Event | Actual | Cons. | Previous | |
| May 28 | 06:00 | DE | Import Price Index (MoM) (Apr) | 0.9% | 0.7% | 0.4% |
| 06:00 | DE | Import Price Index (YoY) (Apr) | 5.7% | 5.5% | 5.7% | |
| 08:00 | EMU | Current Account n.s.a (Mar) | -7.8B | 5.0B | ||
| 08:00 | EMU | Current Account s.a (Mar) | -15.3B | 1.5B | 7.5B |
|
| 11:00 | US | MBA Mortgage Applications (May 23) | -4.6% | -7.8% | ||
| 11:19 | JP | BoJ's Governor Shirakawa Speech | ||||
| 12:30 | US | Durable Goods Orders (Apr) | -1.1% | -0.3% | ||
| 12:30 | US | Durable Goods Orders ex Transportation (Apr) | -0.5% | 1.5% | ||
| 14:30 | US | EIA Crude Oil Stocks change | -5.3M | |||
| 23:50 | JP | Large Retailer's Sales (Apr) | -1.2% | 0.2% | ||