Thursday, May 14, 11:15 GMT
U.S. Trading Newsletter
To Get Started
- NEW: Live Webinars during the Asian Trading Session: Markets Commentaries at 5 and 6 GMT. Check our schedule!
- Learning Center: Chapter 4 of Unit A is now online: Trade the facts: consider price action. Read it now!
- Webinar Videos: Economic and Technical View of the Currency Market by Rob Booker
- All the events of the day in our Economic Calendar
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Forex Blogs
Forex Trading Today: Our Old Friend, Risk Aversion, Returns For A Visit! by Tim Salem
Wednesday surely saw The Return ( or for many Currency Units IntraDay… A Continuation… ) of Risk Aversion, as Corrections hit the Global and U.S. Equity Desks and Indices, and simply continued Correlative behavior by "Bleeding Out" to most Majors and the Yen Crosses.
Trading for a Living: U.S. Dollar: Green Shoots Wilting? by David Aranzabal
CEO's Weblog: Dow Jones - Saxo Bank Eyes Asset Mgmt Add-On Buys, Opens Offices by Francesc Riverola
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Live Sessions Schedule
Conquering Fear and Greed: How to Deal With Emotions When Trading − Free Access Day
Expert: Markus Heitkoetter
Start: Thu, May 14, 14:00 GMT
Type of Session: Webinar
How to Get Started Trading Forex − Free Access Day
Expert: Mark Whistler
Start: Thu, May 14, 15:00 GMT
Type of Session: Webinar
| Sponsored by | ||||
| Thu, May 14, 12:00 GMT | US Pre−Market Open − Free Access Day | Ed Ponsi | WBN |  |
| Thu, May 14, 12:30 GMT | Back to basics − Free Access Day | Adam Rosen | WBN | |
| Thu, May 14, 13:30 GMT | US Session Open − Free Access Day | Ed Ponsi | WBN | |
| Thu, May 14, 14:00 GMT | Conquering Fear and Greed: How to Deal With Emotions When Trading − Free Access Day | Markus Heitkoetter | WBN | |
Current Session: Europe − U.S.
Daily Forex News − Yen continued to gain against the dollar
ACM − Advanced Currency Markets − Yen continued to gain against the dollar. Strong move below 95.63 now casts a heavy shadow and exposes 94.95 (base of the daily cloud) then further weakness to the 93.55 march lows. Intra−day upside capped at 96.69 (neckline resistance).
EUR/USD
Daily Recommended Trades − Current pullback may continue into the 1.3405−1.3465 support range by E−Forex
The failed attempt on climbing higher towards the 1.3735/50 zone resulted into a decline of 190 points, below earlier established lows of the current week. Short term sentiment remains bullish but a bit fragile.
GBP/USD
Daily Trading Forecast − Forex Remains in See−Saw in Economic Uncertainty by Swiss e Trade AG
In unusual low volatility, cable is currently trading at 1.5140 this European morning, continuing its sideways move that started in Asian trading. We expect this sideways move to remain today,
Analyst Sentiment Index (ASI)
Analysts Sentiment Index - EUR/USD
**Source : ActionForex.com, CMS Forex, Danske Bank A/S, FXstreet.com, i-knowindices.com, Mizuho Corporate Bank, MolFX - Management
[ View ASI page ] [ View EUR/USD page ]
Charting the Market Movers
EUR USD, Hourly
GBP USD, Hourly
Top Market Movers Preview
US PRODUCER PRICE INDEX
| Date (GMT) | Event | Cons. | Previous | |
| May 14 | 12:30 | Producer Price Index (YoY) | -3.9% | -3.5% |
| May 14 | 12:30 | Producer Price Index ex Food & Energy (YoY) | 3.4% | 3.8% |
| May 14 | 12:30 | Producer Price Index ex Food & Energy (MoM) | 0.1% | 0.0% |
| May 14 | 12:30 | Producer Price Index (MoM) | 0.1% | -1.2% |
US economic indicators - We expect the PPI to have gone up by a mere 0.1% mom in April by BHF−Bank
Producer prices (PPI) unexpectedly fell by 1.2% mom in March, particularly due to a sharp drop in energy prices, and food prices also continued to decline. In April , however, gasoline prices increased by about 7% mom, but this is likely to be wiped out by the seasonal adjustment, and the decline in food prices could at least have slowed further.
[ Full Story ]Top Market Movers Review
Switzerland PRODUCER AND IMPORT PRICES
| Date (GMT) | Event | Actual | Cons. | Previous | |
| May 14 | 07:15 | Producer and Import Prices (YoY) | -3.6% | -2.6% | -2.8% |
| May 14 | 07:15 | Producer and Import Prices (MoM) | -0.2% | 1.0% | -0.5% |
Swiss Producer and Import Prices down a 0.2% in Apr, −3.6% YoY (FXstreet.com)
[ Full Story ]- Read the Producer and Import Prices data at Swiss Statistics
- Forex: USD/CHF: Dollar, below 1.1120 resistance; picks up from 1.0975 low (FXstreet.com)
Economic Events
| Date (GMT) | Country | Event | Actual | Cons. | Previous | |
| May 13 | 13:00 | US | Treasury's Geithner Speech | |||
| 14:00 | US | Business Inventories (Mar) | -1.0% | -1.2% | -1.4% |
|
| 16:00 | US | Fed's Lockhart speech | ||||
| May 14 | 07:15 | CH | Producer and Import Prices (MoM) (Apr) | -0.2% | 1.0% | -0.5% |
| 07:15 | CH | Producer and Import Prices (YoY) (Apr) | -3.6% | -2.6% | -2.8% | |
| 08:00 | EMU | ECB Monthly Report | ||||
| 12:30 | US | Continuing Jobless Claims (May 2) | 6400K | 6351K | ||
| 12:30 | US | Initial Jobless Claims (May 9) | 610K | 601K | ||
| 12:30 | US | Producer Price Index (MoM) (Apr) | 0.1% | -1.2% | ||
| 12:30 | US | Producer Price Index (YoY) (Apr) | -3.9% | -3.5% | ||