Friday, May 30, 11:21 GMT
U.S. Trading Newsletter
To Get Started
- Webinar Videos: Intro to the 4x-Market A-Z by Adam Rosen
- Identify the range by Phil Newton
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Live Sessions Schedule
Banging around the Bands
Expert: Chris Capre
Start: Fri, May 30, 14:00 GMT
Type of Session: Webinar
Fibonacci Friday
Expert: Andrei Pehar
Start: Fri, May 30, 15:00 GMT
Type of Session: Webinar
| Sponsored by | ||||
| Fri, May 30, 11:00 GMT | The Forex Basic Training Program − Chapter III | Wayne McDonell | WBN |  |
| Fri, May 30, 14:00 GMT | Banging around the Bands  | Chris Capre | WBN | |
| Fri, May 30, 15:00 GMT | Fibonacci Friday | Andrei Pehar | WBN | |
| Mon, Jun 2, 10:00 GMT | Understand & Use Fibonacci Ratio's Effectively | Sunil Mangwani | WBN |  |
Current Session: Europe − U.S.
EUR/USD
Daily Forex News − Forex − Dollar rallied after Fed hawkish comment and buoyant US stocks by ACM − Advanced Currency Markets
Market failed to overtop 1.5800 early this week. On downside, yesterday return below 1.5600 would open the way down to 1.5000 psychological key level before 1.4500 pivot point. Support holds 1.5485 Thursday low. Initial resistance holds 1.5819 Tuesday high. A return in previous 1.5600−1.5800 consolidation range would reopen the way up to 1.6000 Pivot point resistance ahead of key resistance 1.6200 market target.
- Dan Blystone's Daily Briefing
- Trading with Bollinger Bands and the ATR John Jagerson, Founder Profiting With Forex
- 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 − A Breather for the USD? by Swiss e Trade AG
Currency Performance
Action Bias Summary Table − Action Bias Summary Table by ActionForex.com
Majors at a Glance
- EUR/USD
- Trades below opening price level 1.5516 , below pivot level 1.5554
05/30/2008 10:22 GMT - GBP/USD
- Trades above pivot level 1.9752
05/30/2008 10:22 GMT - USD/CHF
- Trades around opening price level 1.0492 , above pivot level 1.0458
05/30/2008 10:22 GMT - USD/JPY
- Moves down below pivot level 105.33
05/30/2008 10:22 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 CORE PERSONAL CONSUMPTION EXPENDITURE − PRICES INDEX
| Date (GMT) | Event | Cons. | Previous | |
| May 30 | 12:30 | Core Personal Consumption Expenditure − Prices Index (MoM) | 0.1% | 0.2% |
| May 30 | 12:30 | Personal Income (MoM) | 0.2% | 0.3% |
| May 30 | 12:30 | Personal Spending | 0.2 | 0.4 |
| May 30 | 12:30 | Core Personal Consumption Expenditure − Prices Index (YoY) | 2.1% | 2.1% |
US economic indicators - PCE core deflator will probably only have gone up slightly in April by BHF−Bank
We expect the PCE core deflator to have increased by 0.1% mom only in April, the same moderate rate as core CPI. The annual rate could have remained at 2.1%, still above the Fed's comfort zone.
[ Full Story ]- Ahead of the Bell: Income and Spending (Thomson Financial News)
Top Market Movers Review
EMU CONSUMER PRICE INDEX
| Date (GMT) | Event | Actual | Cons. | Previous | |
| May 30 | 09:00 | Consumer Price Index (YoY) | 3.6% | 3.5% | 3.3% |
DATA SNAP: Oil Surge Pushes Euro−Zone May CPI To 3.6% On Yr (Dow Jones)
Consumer prices in the euro zone re−accelerated in May, probably pushed higher by the recent surge in global oil prices. The flash estimate of the annual rate of euro−zone inflation was 3.6% in May, Eurostat data showed Friday, ahead of expectations of 3.5%. It was 3.3% in April.
[ Full Story ]- Read the report: Euro area inflation estimated at 3.6% at Eurostat
- UPDATE: Oil Likely Key In Latest Euro−Zone CPI Surge (Dow Jones)
- Euro Area CPI estimated to have increased 3.6% y−o−y in May (FXstreet.com)
- Euro zone May provisional HICP up 3.6 percent vs 3.3 in April; consensus 3.6 (Thomson Financial News)
FX & Money Markets Daily - Inflation fears continue to dominate by Jyske Bank
Daily Forex Technical Report − EUR/USD Soft, EZ & US Inflation Watched by ActionForex.com
EMU economic indicators - The flash estimate for May could show EMU inflation increasing to 3.6 % yoy by BHF−Bank
EMU UNEMPLOYMENT RATE
| Date (GMT) | Event | Actual | Cons. | Previous | |
| May 30 | 09:00 | Unemployment Rate | 7.1% | 7.1% | 7.1% |
Euro Area unemployment, steady at 7.1% in April (FXstreet.com)
Unemployment has remained unchanged in the Euro Area in April, in the European Union, the jobless rate remained unchanged as well, at 6,7% in this case, according to data released by Eurostat.
[ Full Story ]- Read the report: Euro area unemployment stable at 7.1% at Eurostat
- EU Unemployment Rate remains at 7.1% in Apr (FXstreet.com)
- DATA SNAP: Euro−Zone April Unemployment Rate Steady At 7.1% (Dow Jones)
Economic Events
| Date (GMT) | Country | Event | Actual | Cons. | Previous | |
| May 30 | 05:00 | JP | Construction Orders (YoY) (Apr) | -8.4% | -16.0% | 6.4% |
| 06:00 | DE | Retail Sales (MoM) (Apr) | -1.7% | 0.6% | -0.1% | |
| 06:00 | DE | Retail Sales (YoY) (Apr) | -1.0% | -2.0% | -6.3% | |
| 09:00 | EMU | Consumer Price Index (YoY) (May)  | 3.6% | 3.5% | 3.3% | |
| 09:00 | EMU | Unemployment Rate (Apr) | 7.1% | 7.1% | 7.1% | |
| 09:30 | CH | KOF Leading Indicator (May) | 1.09 | 1.09 | 1.21 |
|
| 12:30 | US | Core Personal Consumption Expenditure − Prices Index (MoM) (Apr) | 0.1% | 0.2% | ||
| 12:30 | US | Core Personal Consumption Expenditure − Prices Index (YoY) (Apr) | 2.1% | 2.1% | ||
| 12:30 | CA | Gross Domestic Product (MoM) (Mar) | 0.1% | -0.2% | ||
| 12:30 | CA | Gross Domestic Product (YoY) (Mar) | 1.5% | |||