Monday, May 18, 11:19 GMT
U.S. Trading Newsletter
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- 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
Trading for a living: Wait and see.. gives us a good rally in cable by David Aranzabal
Today we hadn't a clue about the possible outcome of the markets at the European opening. There was no indications of any pattern in the bib picture, so we decided to be conservative and "wait and see.."
CEO's Weblog: FXstreet Mobile - m.fxstreet.com skyrocketing by Francesc Riverola
Forex Trading Today: The Euro and The Queen See Quiet Consolidation by Tim Salem
Find other fellow traders to share your comments and market view in the FOREX FORUM
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Live Sessions Schedule
Derek Frey's Outlook
Expert: Derek Frey
Start: Mon, May 18, 14:00 GMT
Sponsored by: 
Type of Session: Webinar
Weekly Webinar: 1st on Forex − The Week Ahead
Expert: Jerry Furst
Start: Mon, May 18, 16:00 GMT
Sponsored by: 
Type of Session: Webinar
| Sponsored by | ||||
| Mon, May 18, 12:00 GMT | US Session Open  | Ed Ponsi | WBN |  |
| Mon, May 18, 12:30 GMT | Trading Forex Volatility | James Chen | WBN | |
| Mon, May 18, 13:30 GMT | US Session Open | Ed Ponsi | WBN | |
| Mon, May 18, 14:00 GMT | Derek Frey's Outlook | Derek Frey | WBN | |
Current Session: Europe − U.S.
GBPUSD:Continues To Maintain Recovery Off The 1.3655 Level
FXTechstrategy − GBPUSD:Continues To Maintain Recovery Off The 1.3655 Level −Despite the fact that GBP weakened and closed lower the past week, as long as it continues to hold above its daily rising trendline and the 1.4986 level, threats remain to the upside for an eventual resumption of its ST uptrend.
USD/JPY
Gold, Oil and USD/JPY − USD/JPY has bounced from lows of 94.53 by Charmer Charts.com
USD/JPY has bounced from lows of 94.53. This is just above the longer term 50% fib level, so buyers should be quite confident to buy this market today.
EUR/USD
Daily Trading Forecast − USD Remarkably Steady by Swiss e Trade AG
Currently trading above a support zone around 1.3400, the pair is priced right now at 1.3460 in this European morning, and attempting a recovery move. We do not expect this recovery to go very far, only to the 1.3490 mark at maximum
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 NAHB HOUSING MARKET INDEX
| Date (GMT) | Event | Cons. | Previous | |
| May 18 | 17:00 | NAHB Housing Market Index | 16 | 14 |
Friday Notes - NAHB housing market index: Builders confirm less pessimistic mood by UniCredit Group
Home−builders are experiencing the worst slump in their lifetime. But the degree of pessimism is diminishing. That doesn't mean that there will be a recovery in residential construction any time soon. That won't happen until next year or 2011.
[ Full Story ]Top Market Movers Review
EMU TRADE BALANCE N.S.A.
| Date (GMT) | Event | Actual | Cons. | Previous | |
| May 18 | 09:00 | Trade Balance n.s.a. | €0.4B | -€0.3B | -€1.0B |
| May 18 | 09:00 | Trade Balance s.a. | -€2.1B | -€3.8B | -€2.9B |
DATA SNAP: Euro Zone Posts Unexpected Trade Surplus In March (Dow Jones)
The euro zone posted an unexpected trade surplus in March, but exports and imports were both weaker on the year as demand at home and abroad was hit by recession, official data showed Monday.
[ Full Story ]- Read the Trade Balance data at Eurostat
- UPDATE: Euro Zone Posts Surprise Trade Surplus In March (Dow Jones)
- Euro Zone Trade balance swings unexpectedly to surplus in March (FXstreet.com)
- EU n.s.a. Trade surplus rises to €0.4B in Mar (FXstreet.com)
Economic Events
| Date (GMT) | Country | Event | Actual | Cons. | Previous | |
| May 18 | 00:00 | CA | Victoria Day Market Holiday | |||
| 04:00 | JP | Tokyo Condominium Sales (YoY) (Apr) | -8.5% | -46.2% | ||
| 05:00 | JP | Consumer Confidence (Apr) | 33.2 | 31.0 | 29.6 | |
| 05:00 | JP | Consumer Confidence Households (Apr) | 32.4 | 32.1 | 28.9 | |
| 09:00 | EMU | Trade Balance n.s.a. (Mar) | €0.4B | -€0.3B | -€1.0B |
|
| 09:00 | EMU | Trade Balance s.a. (Mar) | €-2.1B | -€3.8B | -€2.9B |
|
| 15:30 | US | Treasury's Geithner Speech | ||||
| 17:00 | US | NAHB Housing Market Index (May) | 16 | 14 | ||
| 22:10 | AU | RBA's Governor Glenn Stevens Speech | ||||
| May 19 | 01:30 | AU | RBA Meeting's Minutes | |||