Friday, May 23, 15:47 GMT
ASIA-PACIFIC Trading Newsletter
To Get Started
- Webinar videos: Longer-term Support and Resistance Trading: Setups and Rules by Rob Booker
- Discover Phil Newton's Trade Setups at his new blog
- Latest updates from the Industry: Broker's News section
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.
Live Sessions Schedule
Outlook for the major currencies this week
Expert: Ian Copsey
Start: Tue, May 27, 08:00 GMT
Sponsored by: 
Type of Session: Webinar
Dan Blystone's Daily Briefing
Expert: Dan Blystone
Start: Tue, May 27, 12:30 GMT
Type of Session: Webinar
| Sponsored by | ||||
| Fri, May 23, 15:00 GMT | Fibonacci Friday | Andrei Pehar | WBN |  |
| Tue, May 27, 08:00 GMT | Outlook for the major currencies this week | Ian Copsey | WBN | |
| Tue, May 27, 11:00 GMT | FX Instructor Live Trading Room  | Mark De La Paz | WBN |  |
| Tue, May 27, 12:30 GMT | Dan Blystone's Daily Briefing | Dan Blystone | WBN | |
| Tue, May 27, 13:00 GMT | 2nd Quarter Review | Adam Rosen | WBN | |
Current Session: U.S.
EUR/USD
Mid−Day Forex Technical Report − Consolidation Continues in Quiet Trading by ActionForex.com
EUR/USD's consolidation from 1.5813 continues today. As discussed before, further pull back cannot be ruled out to 4 hours 55 EMA (now at 1.5620). But downside should be contained well above 1.5486 support. Above 1.5813 will indicate rise from 1.5284 has resumed for retesting 1.6019 record high.
- Trading Range Bound and Trending Market Conditions Adam Rosen, CEO and Co−Founder 4xLounge
- Check out how pairs moved: Live Currency Rates & Charts
- Follow up the most relevant Economic Data in the new Real Time Economic Calendar
Weekly Analysis
Weekly Market View − Battered Markets by FXstreet.com
Currency Performance
Currency Performance Report − Europe Session Performance by FXstreet.com by FXstreet.com
Currencies at a Glance
- EUR/USD
- Moves up towards first resistant level 1.5799
05/23/2008 15:39 GMT - GBP/USD
- Continues to trade above pivot level 1.9778
05/23/2008 15:39 GMT - USD/CHF
- Continues to move down below first support level 1.0240
05/23/2008 15:39 GMT - USD/JPY
- Continues to move down towards first support level 103.06
05/23/2008 15:40 GMT
Analyst Sentiment Index (ASI)
Analysts Sentiment Index - EUR/USD
**Source : ActionForex.com, CMS Forex, Danske Bank A/S, FXstreet.com, Global Forex Trading, Mizuho Corporate Bank
[ View ASI page ] [ View EUR/USD page ]
Charting the Market Movers
GBP USD, Hourly
EUR USD, Hourly
Top Market Movers Preview
Germany GROSS DOMESTIC PRODUCT S.A
| Date (GMT) | Event | Cons. | Previous | |
| May 27 | 06:00 | Gross Domestic Product w.d.a (YoY) | - | 1.8% |
| May 27 | 06:00 | Gross Domestic Product s.a (QoQ) | - | 0.3% |
Friday Notes - Germany, GDP: Growth spurt at the beginning of the year by HVB Group
The May 15 GDP Flash should be confirmed. Release of the detailed components should reveal a very strong, weather−related contribution to growth by construction. Inventories should also have provided growth with strong support (these special items will likely translate into a corresponding drag in the second quarter).
[ Full Story ]Top Market Movers Review
US EXISTING HOME SALES
| Date (GMT) | Event | Actual | Cons. | Previous | |
| May 23 | 14:00 | Existing Home Sales | 4.89M | 4.85 | 4.93M |
| May 23 | 14:00 | Existing Home Sales (MoM) | -1.0% | -1.6% | -2.0% |
US Apr Existing Home Sales Dn 1.0% To 4.89 Mln Rate (Dow Jones)
Existing−home sales fell a second month in a row during April, while inventories surged and prices dropped sharply. Home resales fell to a 4.89 million annual rate, a 1.0% decrease from March's revised 4.94 million annual pace, the National Association of Realtors said Friday.
[ Full Story ]- US April existing home sales down 1.0% to 4.89 mln unit annual rate UPDATE (Thomson Financial News)
- Forex − U.S. dollar shored up as housing data exceeds expectations (Thomson Financial News)
- US April existing home sales down 1.0% to 4.89 mln unit annual rate (Thomson Financial News)
Daily Forex Technical Report − Dollar Consolidates ahead of Existing Home Sales by ActionForex.com
Trading News Report - Can A Rebound In Housing, Bring Back Dollar Bulls? by FXCM
The Week Ahead - PPI, FOMC Minutes, Existing Home Sales, Leading Indicators and Jobless Claims by BBVA Bancomer
Economic Events
| Date (GMT) | Country | Event | Actual | Cons. | Previous | |
| May 23 | 14:00 | US | Existing Home Sales (Apr) | 4.89M | 4.85 | 4.93M |
| 14:00 | US | Existing Home Sales (MoM) (Apr) | -1.0% | -1.6% | -2.0% | |
| May 25 | 22:45 | NZ | Trade Balance (Apr) | -50M | ||
| May 26 | 00:00 | US | Memorial Day Bank Holiday | |||
| 00:00 | UK | Spring Bank Holiday | ||||
| 06:00 | DE | Consumer Price Index (MoM) (May)  | -0.2% | |||
| 08:00 | DE | Consumer Price Index (YoY) (May) | 2.4% | |||