Thursday, May 28, 11:19 GMT
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Forex Blogs
Trading for a living: Fast scalp at the European opening by David Aranzabal
Today we git a tricky session as we got fast moves on the both sides at the European opening, but anyway there was a fast scalp opportunity at Cable. Let's see the review:
− 60m. Asian Channel support becomes Resistance as it holds for the first hours.
− Price touches the resistance and reverses.
CEO's Weblog: Champions League Finals: The Champions is ours! by Francesc Riverola
Forex Trading Today: The Yen Falls on U.S. Bond Yields and Investment Outflows by Tim Salem
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Live Sessions Schedule
Review and expectations of Forex market for this year − 2009
Expert: Dr.S.Sivaraman
Start: Thu, May 28, 13:00 GMT
Type of Session: Webinar
How to Get Started Trading Forex
Expert: Mark Whistler
Start: Thu, May 28, 15:00 GMT
Type of Session: Webinar
| Sponsored by | ||||
| Thu, May 28, 12:00 GMT | US Pre−Market Open  | Ed Ponsi | WBN |  |
| Thu, May 28, 13:00 GMT | Review and expectations of Forex market for this year − 2009 | Dr.S.Sivaraman | WBN | |
| Thu, May 28, 13:30 GMT | US Session Open | Ed Ponsi | WBN | |
| Thu, May 28, 14:00 GMT | Combining Bollinger Bands with Fibonnaci studies | Lea Peters | WBN | |
Current Session: Europe − U.S.
The pair attempted a slight recovery move this European morning
Swiss e Trade AG − The pair attempted a slight recovery move this European morning from its lower levels but currently falling back again, to the 1.3850 mark, right above intermediate support. We see that support only to hold for a while in today`s trading, and later a further fall to 1.3750.
USD/JPY
Timeframe Breakdowns − We moved to a low of 93.84 where we met small divergence by FXstreet.com Independent Analyst Team
Daily: We are trading under the trend lines on the MACD and Momentum. The moving averages are mixed and we are sitting on the 20 SMA.
GBP/USD
Forex Economic Analysis − The pair is in an uptrend, after bottoming at 1.3506 by www.deltastock.com
The pair is in an uptrend, after bottoming at 1.3506. Trading is situated above the 50− and 200−day SMA, currently projected at 1.4778 and 1.5510.
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 DURABLE GOODS ORDERS
| Date (GMT) | Event | Cons. | Previous | |
| May 28 | 12:30 | Durable Goods Orders | 0.5% | -0.8% |
| May 28 | 12:30 | Durable Goods Orders ex Transportation | -0.3% | -0.6% |
The Week Ahead - Durable goods orders are expected to increase in April by BBVA Bancomer
Durable goods orders are expected to increase in April after falling in March as improvement in the ISM manufacturing new orders index indicates that business confidence for the industry may be improving. As a result, we could see an increase in industrial production over the next few months.
[ Full Story ]US economic indicators - Durable goods orders (Apr): stabilising after three very weak quarters by BHF−Bank
US NEW HOME SALES
| Date (GMT) | Event | Cons. | Previous | |
| May 28 | 14:00 | New Home Sales | 360K | 356K |
| May 28 | 14:00 | New Home Sales (MoM) | 1.1% | -0.6% |
US economic indicators - New home sales are expected to have risen by BHF−Bank
New home sales, which are expected to have risen to about 365k in April, after having remained more or less stable in March. However, the high level of inventories of homes for sale indicates that the tentative stabilisation in sales will not translate immediately into an increase in construction activities.
[ Full Story ]Top Market Movers Review
UK CBI DISTRIBUTIVE TRADES SURVEY − REALIZED
| Date (GMT) | Event | Actual | Cons. | Previous | |
| May 28 | 10:00 | CBI Distributive Trades Survey − Realized (MoM) | -17 | -10 | 3 |
DATA SNAP:CBI May Retail Sales Slide After Shock Rise In Apr (Dow Jones)
The volume of sales at U.K. retailers slipped into negative territory again fueled by weaker sales of food, after a surprise rise in April, the Confederation of British Industry said Thursday. Retailers also reported weak sales of footwear and leather goods, while sales of household goods remained poor, reflecting continued weakness in the U.K. housing market, the CBI said.
[ Full Story ]EMU ECONOMIC CONFIDENCE
| Date (GMT) | Event | Actual | Cons. | Previous | |
| May 28 | 09:00 | Consumer Confidence | -31 | -31 | -31 |
| May 28 | 09:00 | Industrial Confidence | -34 | -33 | -35 |
| May 28 | 09:00 | Economic Confidence | 69.3 | 69.0 | 67.2 |
European stock markets decline on weakened confidence; Euro and Pound in range (FXstreet.com)
European markets are going through losses on Thursday as investors confidence was hit by General Motors' bankruptcy prospects. Euro and Pound are trading sideways after recent declines.
[ Full Story ]- Read the Confidence data at European Commission
- Euro Zone Economic Confidence rises to 69.3 in May (FXstreet.com)
EMU economic indicators - EMU industrial confidence and economic sentiment (May): unchanged by BHF−Bank
Economic Events
| Date (GMT) | Country | Event | Actual | Cons. | Previous | |
| May 28 | 07:55 | DE | Unemployment Change (May) | 1K | 64K | 57K |
| 07:55 | DE | Unemployment Rate s.a. (May) | 8.2% | 8.4% | 8.3% | |
| 09:00 | EMU | Consumer Confidence (May) | -31 | -31 | -31 | |
| 09:00 | EMU | Economic Confidence (May) | 69.3 | 69.0 | 67.2 | |
| 09:00 | EMU | Industrial Confidence (May) | -34 | -33 | -35 | |
| 10:00 | UK | CBI Distributive Trades Survey − Realized (MoM) | -17 | -10 | 3 | |
| 12:30 | US | Continuing Jobless Claims (May 16) | 6745K | 6662K | ||
| 12:30 | US | Durable Goods Orders (Apr) | 0.5% | -0.8% | ||
| 12:30 | US | Durable Goods Orders ex Transportation (Apr) | -0.3% | -0.6% | ||
| 12:30 | US | Initial Jobless Claims (May 23) | 628K | 631K | ||