Monday, May 26, 15:42 GMT
ASIA-PACIFIC Trading Newsletter
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- Webinar videos: Longer-term Support and Resistance Trading: Setups and Rules by Rob Booker
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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 | ||||
| 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 | |
| Tue, May 27, 14:00 GMT | The Weather Report: Ichimoku Cloud Trading | Chris Capre | WBN | |
Current Session: U.S.
EUR/USD
Daily Outlook − EUR/USD daily by Karoll
I think that the fall started from 1.5813 (22 May) is developing as a flat correction. In such a case a low below 1.5690 should be expected in wave C. With an eye on this idea I entered short position on Friday. It is clear from the chart that I count wave B of the suggested flat as a complex corrective combination which ends with a triangle. This idea suggests that the euro will stay below 1.5770 so I move the stop loss of the short position to this level. On the other side a rise above 1.5770 should bring a high above 1.5793, but only above 1.5813 will be a bullish signal.
- Dan Blystone's Daily Briefing
- 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
Other Topics for this Session:
Daily Analysis − Dollar slumps in the early trading by Finotec Group Inc.
FX' Signal
Weekly Forex Signals − Interest rates could rise ahead of BOE (Bank of England) decision by Finotec Group Inc.
Currencies at a Glance
- EUR/USD
- Moves up above opening price level 1.5767 , above pivot level 1.5755
05/26/2008 15:30 GMT - GBP/USD
- Moves up above pivot level 1.9802
05/26/2008 15:30 GMT - USD/CHF
- Moves down below pivot level 1.0261
05/26/2008 15:31 GMT - USD/JPY
- Continues to trade below pivot level 103.55
05/26/2008 15:31 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) | 2.6% | 1.8% |
| May 27 | 06:00 | Gross Domestic Product s.a (QoQ) | 1.5% | 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
New Zealand TRADE BALANCE
| Date (GMT) | Event | Actual | Cons. | Previous | |
| May 25 | 22:45 | Trade Balance | -334M | - | -50M |
New Zealand trade deficit wider than expected in April (Thomson Financial News)
New Zealand's trade deficit was wider than expected in April due to the impact of imported oil production equipment, official figures showed Monday. The trade deficit of NZ$334 million ($262 million) was more than double economists' expectations but was skewed by imports of an oil production vessel and an oil platform worth a combined NZ$447 million, Statistics New Zealand (SNZ) said.
[ Full Story ]- Read the Trade Balance report at Statistics New Zealand
Economic Events
| Date (GMT) | Country | Event | Actual | Cons. | Previous | |
| May 25 | 22:45 | NZ | Trade Balance (Apr) | -334M | -50M | |
| May 26 | 00:00 | US | Memorial Day Bank Holiday | |||
| 00:00 | UK | Spring Bank Holiday | ||||
| 11:30 | HU | Interest Rate Decision | 8.50% | 8.25% | ||
| 23:50 | JP | Corporate Service Price (YoY) (Apr) | 0.6% | 0.4% | ||
| May 27 | 01:00 | NZ | Business Confidence (May) | -54.8 | ||
| 06:00 | DE | Gfk Consumer Confidence Survey (Jun) | 5.7 | 5.9 | ||