"Overnight April industrial production, unemployment, household spending and consumer prices have been released. Both unemployment and household spending were much weaker than expected while industrial production confirmed the slowdown in industrial activity in recent months. Overall the figures suggest that growth will slow significantly in Q2 after strong 0.8% q/q growth in Q1. We might have to adjust our current expectation of 0.5% q/q down to 0.3% q/q as private consumption will be weaker than expected and inventories will be a drag on growth. Although inflation was better than expected, it will increase significantly in coming months", said Danske Bank today.

Reall the full report

Barclays Capital is proposing two trades today:

Sell EUR/GBP at 0.7920 targeting 0.7745 risking 0.7960.
Sell EUR/HUF 25% at 243, sell 25% at 245 targeting 227 risking 252

Remember, do not ever trade any suggested trade unless you do your own research and take your own decisions.

Francesc

More scammers being caught…..

http://www.theherald.co.za/herald/news/n14_29052008.htm

Francesc

BANGKOK -(Dow Jones)- Vietnam is veering toward a currency and banking
crisis that could force a massive devaluation of the dong and trigger a
rerun of East Asia’s 1997 financial meltdown, an analyst at investment
bank Morgan Stanley has warned.
Read it all

Also, don´t forget to start the morning without our most followed report:

Today’s Technical Trading Points by Danske Bank A/S

It’s been updated a couple of minutes ago

Francesc

Hi everyone, to start the day do not miss the daily tips from Nicole Elliot, technical analyst at Mizuho Bank

EUR/USD
Comment: Dropping to our first target at 1.5600 and bullish momentum has collapsed. This should allow for a drop to our next target at 1.5400, probably early next week.

Strategy: Sell at 1.5600, adding to 1.5700; stop above 1.5775. Short term target 1.5550/1.5510, then 1.5400.

To read the full report, click here

Also, do not miss Karen’s Weekly Technical Report updated this morning.

Francesc
 

Hi guys,

Preliminary GDP data for Q1 2008 for Slovakia, Czech Republic, Hungary and the Baltic countries

released last week, confirmis a slowdown in economic growth in the Central and Eastern Europe (CEE) region as a whole in 2008.

However, as indicated by recently released GDP data of some Western Europe countries – particularly Germany and France, which recorded better than expected economic growth in Q1 2008 – the CEE region also is maintaining sound economic growth, proving to be not yet directly influenced by the US slowdown.

An interesting reading from UniCredit Group at least for those of us living in Europe.

Download CEE-Biweekly_08-05-21.pdf

Francesc

Hi everyone

Our weekly reading from Trading Central is here.

Enjoy it

Download gurufx.pdf

Francesc

Hi everyone,

Another scammer being forced to shut down after cheating some unfortunate people.

http://www.goupstate.com/article/20080528/NEWS/805280338/1051/NEWS01

The firm down is The Forex Project run by Mr. Luis H. Rivas

This guy Rivas is the author if this…. By my guest to give it a name

http://www.10kaweek.info/TFPINTRO.pdf

Please, do not confuse The Forex Project scam with the guys from

http://www.forexproject.com/

As far as I know, this guys are doing a more than fine and honest work

Francesc

Hi everyone

A new interesting article from my friend David Solin, Partner at Foreign Exchange Analytics.

Enjoy it

Francesc

Download Djia-daily-may27.pdf