Tuesday, May 27, 15:37 GMT
ASIA-PACIFIC Trading Newsletter
To Get Started
- Webinar videos: Intro to the 4x-Market A-Z by Adam Rosen
- Chart of the Week: USD/JPY by FXstreet.com
- The Forex Basic Training Program − Chapter III by Wayne McDonell
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Live Sessions Schedule
FX Instructor Live Trading Room
Expert: Mark De La Paz
Start: Wed, May 28, 09:00 GMT
Sponsored by: 
Type of Session: Webinar
Trading Break Out's And Other Market Views
Expert: Phil Newton
Start: Wed, May 28, 10:00 GMT
Sponsored by: 
Type of Session: Webinar
| Sponsored by | ||||
| Tue, May 27, 16:00 GMT | High Probability Swing Trading in Forex  | Sam Seiden | WBN |  |
| Tue, May 27, 17:00 GMT | Live Look at Today's Markets | Derek Frey | WBN |  |
| Wed, May 28, 09:00 GMT | FX Instructor Live Trading Room | Mark De La Paz | WBN | |
| Wed, May 28, 10:00 GMT | Trading Break Out's And Other Market Views | Phil Newton | WBN | |
| Wed, May 28, 11:00 GMT | Constructing the ideal currency trade | Adam Rosen | WBN | |
Current Session: U.S.
USD/CHF
Mid−Day Forex Technical Report − Dollar Steady after Mixed Data by ActionForex.com
USD/CHF's recovery from 1.0214 extends further to 1.0292 today. As discussed before, an intraday bottom is in place with 4 hours MACD staying above signal line. Further consolidation is expected with risk of recovering further to 1.0354 resistance. Nevertheless, upside is expected to be limited by 1.0413 support turned resistance and bring fall resumption. Below 1.0214 will indicate decline.
- 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
Banks' Analysis
Forex Trading Strategies − Week gets under way with little conviction by Saxo Bank
Currency Performance
Currency Performance Report − Europe Session Performance by FXstreet.com
Currencies at a Glance
- EUR/USD
- Moves down below second support level 1.5718
05/27/2008 15:33 GMT - GBP/USD
- Moves down below second support level 1.9729
05/27/2008 15:33 GMT - USD/CHF
- Back below second resistant level 1.0297 after hit third resistant level 1.0318
05/27/2008 15:34 GMT - USD/JPY
- Continues to move up above 104.25 , above third resistant level 103.92
05/27/2008 15:35 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
US ABC CONSUMER CONFIDENCE
| Date (GMT) | Event | Cons. | Previous | |
| May 27 | 21:00 | ABC Consumer Confidence | - | -49 |
Ahead of the Bell: Consumer Confidence (Thomson Financial News)
Wall Street expects data due out Tuesday to show that consumer confidence for May stayed in a downward spiral, fueled by an eroding job market, soaring gas prices and increasingly expensive trips to the grocery store.
[ Full Story ]Top Market Movers Review
US NEW HOME SALES
| Date (GMT) | Event | Actual | Cons. | Previous | |
| May 27 | 14:00 | New Home Sales | 526K | 527K | 526K |
| May 27 | 14:00 | New Home Sales (MoM) | 3.3% | 0.1% | -11.0% |
DATA SNAP: US Apr New Home Sales Up Less Than Expected (Dow Jones)
New−home sales rose in April but failed to meet expectations because the government revised lower the level of demand for the previous month. Sales of single−family homes increased by 3.3% last month to a seasonally adjusted annual rate of 526,000, the Commerce Department said Tuesday.
[ Full Story ]- Read the New Home Sales data at Commerce department
- US April new home sales up to 526,000 unit annual rate (Thomson Financial News)
- US New Home Sales increase 3.3% in Apr to 526,000 annual rate (FXstreet.com)
- Table Of Data On New Home Sales From Commerce (Dow Jones)
Mid−Day Forex Technical Report − Dollar Steady after Mixed Data by ActionForex.com
Daily Forex Technical Report − Focus on Consumer Confidence and Housing by ActionForex.com
US economic indicators - New home sales have not bottomed out yet by BHF−Bank
US S&P/CASE−SHILLER HOME PRICE INDICES
| Date (GMT) | Event | Actual | Cons. | Previous | |
| May 27 | 13:00 | S&P/Case−Shiller Home Price Indices | -14.4% | -14.0% | -12.7% |
S&P: Home prices tumble a record 14.1 pct in 1Q (Thomson Financial News)
A closely watched housing index shows U.S. home prices dropped at the sharpest rate in two decades during the first quarter.
[ Full Story ]- Read the HPI data at S&P
- U.S. March S&P Case−Shiller 20−city home price index down record 14.4 pct UPDATE (Thomson Financial News)
- ECONOMIC REPORT: Home Price Declines Accelerate In March (Dow Jones)
- U.S. March S&P Case−Shiller 20−city home price index down record 14.4 pct (Thomson Financial News)
Economic Events
| Date (GMT) | Country | Event | Actual | Cons. | Previous | |
| May 27 | 14:00 | US | New Home Sales (Apr) | 526K | 527K | 526K |
| 14:00 | US | Richmond Fed Manufacturing Index (May) | -3 | 0 | 0 | |
| 21:00 | US | ABC Consumer Confidence (May 25) | -49 | |||
| May 28 | 00:30 | AU | Westpac Leading Index (MoM) (Mar) | 0% | ||
| 06:00 | DE | Consumer Price Index (MoM) (May)  | 0.4% | -0.2% | ||
| 06:00 | DE | Consumer Price Index (YoY) (May) | 2.8% | 2.4% | ||
| 06:00 | DE | Import Price Index (MoM) (Apr) | 0.7% | 0.4% | ||