FXstreet.com Logo
Thursday, May 23, 19:21 GMT

ASIA-PACIFIC Trading Newsletter


Follow us on TwitterSubscribe to our RSS feedsVisit our Facebook page

To Get Started



Note that our messages might be blocked by anti-spam filters so please add newsletter@fxstreet.com or our domain (fxstreet.com) to your address book.

The Trader's Eye on USD/JPY, short-term

Gonçalo Moreira - The US dollar saw a short-lived rise versus the yen at the beginning of the American session.


The JPY strengthened across the board, by Fan Yang

USD/JPY correcting lower within long term bullish channel by Eric Viloria

Website improvements

Have you noticed? We have changed the organization of the Homepage and Technical subhome.

Latest from the Forex Social Network

photojoseph Dabe has a new status 13 minutes ago Aud/Usd bullish divergence on daily long at current price tp 0.9860 no sl

photoDaologic commented a blog post 32 minutes ago Some tips - part 2
Peter, no one is re-painting the candle-sicks. Yes, off course the prices are manipulated and there is a stop hunt but they don't repaint the pinbars...

photoRomano commented a blog post 37 minutes ago EUR / JPY and OB''s / OS's
Yes Hi/Lo indy u got on GFT I miss here. The one thats here doesnt work same way, unfortunately. You can extend lines: double click on them, then u se...

photoJim Arens uploaded a photo 1 hour ago jim

Webinars Schedule

Phil CarrGold and Silver End of Week Review
Expert: Phil Carr
Start: Fri, May 24, 10:00 GMT

Type of Session: Webinar

[ View All ]

Ed PonsiUS Pre−Market Open
Expert: Ed Ponsi
Start: Fri, May 24, 12:00 GMT

Type of Session: Webinar

[ View All ]
Sponsored by
Thu, May 23, 20:00 GMTPairs Correlations and Stop HuntingDale J PinkertWBNSponsored by
Fri, May 24, 10:00 GMTGold and Silver End of Week ReviewPhil CarrWBNSponsored by
Fri, May 24, 12:00 GMTUS Pre−Market Open Ed PonsiWBNSponsored by
Fri, May 24, 13:00 GMTUS Session Open Ed PonsiWBNSponsored by
Fri, May 24, 15:00 GMTFibonacci FridayAndrei KnightWBNSponsored by
[ View All ]

Current Session: U.S.

EUR/USD: Buyers still defending 1.2800/40

EUR/USD Spot


But along the European session, with peripheral yields falling and stocks off their lows, majors correct against the greenback. As for the short term, the EUR/USD hourly chart shows a clear upward momentum, although selling interest is aligned in the 1.2930/50 area.

USD/JPY: Profit taking bias intact beneath 102.05

GBP/USD Trades in a Falling Channel; Bounces off Support Pivot

EUR/USD Spot

Charting the Market Movers

USD CAD, Hourly


USD/CAD

Event of the Day

UK GROSS DOMESTIC PRODUCT

Date (GMT)EventActualCons.Previous
May 2308:30Gross Domestic Product (QoQ)0.3%0.3%-0.3%

UK: Annual GDP expands 0.6% in Q1, as expected (FXstreet.com)

[ Full Story ]

Event of the Week

US FED'S BERNANKE TESTIFIES

Date (GMT)EventActualCons.Previous
May 2214:00Fed's Bernanke testifies---

Bernanke warns ‘premature' Fed tightening could stifle US economic recovery (FXstreet.com)

[ Full Story ]

Flash Comment - FOMC: QE tapering is drawing closer by Danske Bank A/S

Asia Market Open - USD stays well bid after Bernanke testimony by FXWW

Daily Forex Market Wraps - Bernanke speaks, US dollar rallies, stocks and bonds sell off by Vantage FX

Economic Events

Date (GMT)CountryEventActualCons.Previous
May 2314:30US EIA Natural Gas Storage change 89B99B
15:00US Kansas Fed manufacturing activity (May) 5-51
19:30EMUECB President Draghi's Speech 
22:45NZ Exports (Apr) $4.06B$4.42B
22:45NZ Imports (Apr) $3.64B$3.70B
22:45NZ Trade Balance (MoM) (Apr) $475M$718M
22:45NZ Trade Balance (YoY) (Apr) -$0.36B-$0.52B
[ View All ]

Educational Resources

Setting the Stop Loss in a Breakout Scenario – Close or Far? 4 Factors

Forex Crunch − Where do you place your stop loss? Many traders struggle with this wonder, but it doesn't have to be so complicated. The answer to the question above depends on your system. Let's see what is a "close point", a "far point", and how you can better determine the placement.

Also Check:

Basic Trading Video: Stop Loss by Investopedia

Stop Losses by Brandon Wendell - Online Trading Academy

Past Issues  ·   Subscribe to other newsletters  ·   Unsubscribe
Before printing please ensure that it is absolutely necessary. Remember the environment is for all of us!
Valid XHTML 1.0 StrictFXstreet.com Newsletter does not constitute a solicitation for the purpose of buying or selling in the foreign exchange market. Although the information contained in FXstreet.com Newsletter comes from trusted sources, FXstreet.com is not responsible for guaranteeing the accuracy, timeliness, completeness or fitness of such sources. © 2013 \"FXstreet.com. The Forex Market\" All Rights Reserved.Click here to unsubscribe