Friday, May 22, 16:14 GMT
ASIA-PACIFIC Trading Newsletter
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Forex Blogs
The Advisor Weblog: Usd falling trend could it last? by Valeria Bednarik
At this point, dollar is set to begin a longer term falling trend. Could it last? Euro zone remains facing the worst recession since WW II and rising oil prices won't favor the outlook.
Forexology: A textbook Gartley pattern by Sunil Mangwani
Forex Trading Today: Stabilization in The Dollar To Follow Current Trends by Tim Salem (CVJ)
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Live Sessions Schedule
Asian Session: Live Market Analysis
Expert: Dr.S.Sivaraman
Start: Mon, May 25, 05:00 GMT
Type of Session: Webinar
Derek Frey's Outlook
Expert: Derek Frey
Start: Mon, May 25, 14:00 GMT
Sponsored by: 
Type of Session: Webinar
| Sponsored by | ||||
| Mon, May 25, 05:00 GMT | Asian Session: Live Market Analysis | Dr.S.Sivaraman | WBN |  |
| Mon, May 25, 12:00 GMT | US Pre−Market Open  | Ed Ponsi | WBN | |
| Mon, May 25, 12:30 GMT | What is the best currency pair to trade? | Adam Rosen | WBN | |
| Mon, May 25, 13:30 GMT | US Session Open | Ed Ponsi | WBN | |
| Mon, May 25, 14:00 GMT | Derek Frey's Outlook | Derek Frey | WBN | |
Current Session: U.S.
U.S. Update: Dollar under heavy pressure by FXstreet.com Independent Analyst Team
At this point, dollar is set to begin a longer term falling trend. Could it last? Euro zone remains facing the worst recession since WW II and rising oil prices won't favor the outlook. Despite the jump in confidence, still seems reaction is overextended as current strength could also give ECB the chance to decide more aggressive monetary policy if needed. U.K. credit conditions have been downgraded this week from stable to negative, while despite Yosano's words a strong yen is never welcome in Japan. Early to say, Usd/Jpy seems to found a base around Y94.00 and is slowly regaining the upside.
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GBP/USD
Pair reached 1.4000 and trend is strong enough for another peak higher by FXstreet.com Independent Analyst Team
Pair reached 1.4000 and at the time, rebound there yet bullish trend is strong enough for another peak higher. Current candle open under previous doji close, suggesting the beginning of a short downside correction as long as maximum remains unbroken.
USD/JPY
USD/JPY: We should be trading the bear side of the market by Master The Markets
The first important point to note is that we have now broken below the neckline of the head and shoulders pattern of the last 3 months giving us a clear signal that we should be trading the bear side of the market on a longer term trending basis.
Analyst Sentiment Index (ASI)
Analysts Sentiment Index - EUR/USD
**Source : ActionForex.com, CMS Forex, Danske Bank A/S, FXstreet.com, i-knowindices.com, Mizuho Corporate Bank, MolFX - Management
[ View ASI page ] [ View EUR/USD page ]
Charting the Market Movers
GBP USD, Hourly
EUR USD, Hourly
Top Market Movers Preview
Germany IFO − BUSINESS CLIMATE
| Date (GMT) | Event | Cons. | Previous | |
| May 25 | 08:00 | IFO − Business Climate | 84.8 | 83.7 |
| May 25 | 08:00 | IFO − Expectations | 85.4 | 83.9 |
EMU economic indicators - German ifo business climate (May): unchanged by BHF−Bank
The ifo business climate for Germany might have only stabilised in May, after its unexpected surge in April. However, the German ZEW economic sentiment and the US ISM manufacturing index have improved recently. German yield spreads have widened somewhat, as short−term interest rates have continued declining and long−term rates have gone up.
[ Full Story ]Top Market Movers Review
Canada RETAIL SALES
| Date (GMT) | Event | Actual | Cons. | Previous | |
| May 22 | 12:30 | Retail Sales ex Autos (MoM) | -0.2% | -0.1% | 0.6% |
| May 22 | 12:30 | Retail Sales (MoM) | 0.3% | 0.5% | 0.2% |
Canada retail sales, up 0.3% in Mar, USD/CAD dips further (FXstreet.com)
Retail sales have increased for third consecutive month in Canada, 0.3% up in March, although, excluding cars, sales of all other products have edged down 0.2%, according to data released by Statistics Canada.
[ Full Story ]- Retail trade, March 2009 at Statistics Canada
- Canada Retail Sales increase 0.3% in Mar; ex autos, 0.2% down (FXstreet.com)
Currency Trading Majors Pairs - USD vs CAD − Daily Chart by Master The Markets
Currency Trading News - Canadian Dollar Tests Elliott Guideline Resistance (USDCAD Support) by DailyFX
Economic Events
| Date (GMT) | Country | Event | Actual | Cons. | Previous | |
| May 22 | 12:30 | CA | Retail Sales (MoM) (Mar) | 0.3% | 0.5% | 0.2% |
| 12:30 | CA | Retail Sales ex Autos (MoM) (Apr) | -0.2% | -0.1% | 0.6% | |
| 18:00 | US | Fed's Bernanke Speech | ||||
| May 24 | 23:50 | JP | All Industry Activity Index (MoM) (Mar) | -2% | ||
| May 25 | 00:00 | US | Markets Closed for Bank Holiday | |||
| 00:00 | UK | Spring Bank Holiday | ||||
| 02:00 | JP | BoJ's Governor Shirakawa Speech | ||||
Educational Resources
A channel is a figure of high reliability, formed by two parallel trend lines at its borders. There are different kinds of channels, but they mostly work the same way. Check Valeria Bednarik's Technical Basic Lesson !
Advanced Indicator Manual - Price Channels by Doug Schaff
Q&A Transcripts - Trading with Bands and Channels by Robert Firestone
Q&A Transcripts - Trading with Channels by Valeria Bednarik