Monday, May 25, 15:26 GMT
ASIA-PACIFIC Trading Newsletter
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Forex Blogs
The Advisor Blog: Eur/Usd technical perspective by Valeria Bednarik
Eur/Usd seems to be quite comfortable at the 1.4000 zone, and more ready for a spike higher than for a correction despite the over bought condition in daily charts. Moving in a small consolidation flag, break above 1.4035 could trigger some upside momentum, with next resistances located at 1.4060 and 1.4100 zones.
FX Market Readings: Subdued moves are seen by Dr.S. Sivaraman
Trade setups: Monday 25th May '09 - UK & US Holiday by Phil Newton
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Live Sessions Schedule
Asian Session: Live Market Analysis
Expert: Dr.S.Sivaraman
Start: Tue, May 26, 05:00 GMT
Type of Session: Webinar
Outlook for the major currencies this week
Expert: Ian Copsey
Start: Tue, May 26, 06:00 GMT
Type of Session: Webinar
| Sponsored by | ||||
| Mon, May 25, 16:00 GMT | Weekly Webinar: 1st on Forex − The Week Ahead | Jerry Furst | WBN |  |
| Tue, May 26, 05:00 GMT | Asian Session: Live Market Analysis | Dr.S.Sivaraman | WBN |  |
| Tue, May 26, 06:00 GMT | Outlook for the major currencies this week | Ian Copsey | WBN | |
| Tue, May 26, 11:00 GMT | FX Instructor Live Trading Room  | Mark De La Paz | WBN |  |
| Tue, May 26, 12:00 GMT | US Pre−Market Open | Ed Ponsi | WBN | |
Current Session: U.S.
Greenback "could weaken quickly and dramatically" says Mizuho
FXstreet.com − After falling strongly in the last week against the rest of the majors, Dollar seems to decline further in the coming days, in fact, according to Mizuho, USD could weaken dramatically. Mizuho says that Brazil's President Lula and China's Hu Jintao suggested bilateral trades should be settled in different currencies than Dollar.
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EUR/USD
EUR/USD seems to be quite comfortable at the 1.4000 zone by FXstreet.com Independent Analyst Team
More ready for a spike higher than for a correction despite the overbought condition in daily charts. Moving in a small consolidation flag, break above 1.4035 could trigger some upside momentum, with next resistances located at 1.4060 and 1.4100 zones
USD/JPY
GBP/USD: Clears The 1.5724 Level, Targets Further higher prices by FXTechstrategy
Having decisively broken and closed above its two key resistance levels at the 1.5374 level, its Jan 08'09 high and the 1.5724 level, its Dec 17'08 high, GBP has triggered the continuation of its ST uptrend activated from the 1.3655 level, its Mar 11'09 low.
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 GROSS DOMESTIC PRODUCT S.A
| Date (GMT) | Event | Cons. | Previous | |
| May 26 | 06:00 | Gross Domestic Product w.d.a (YoY) | -6.9% | -1.8% |
| May 26 | 06:00 | Gross Domestic Product s.a (QoQ) | -3.8% | -2.2% |
| May 26 | 06:00 | Gross Domestic Product n.s.a (YoY) | -6.7% | -1.7% |
EMU economic indicators - Q1 German GDP is unlikely to be revised significantly by BHF−Bank
The detailed breakdown of the components will show that no demand component contributed positively to overall GDP growth, except for government and private consumption.
[ Full Story ]Top Market Movers Review
Germany IFO − BUSINESS CLIMATE
| Date (GMT) | Event | Actual | Cons. | Previous | |
| May 25 | 08:00 | IFO − Business Climate | 84.2 | 84.8 | 83.7 |
| May 25 | 08:00 | IFO − Expectations | 85.9 | 85.4 | 83.9 |
Germany: Ifo expectations continue higher by Danske Bank A/S
The German Ifo rose again in May to 84.2 from 83.7 in April. This was slightly lower than consensus at 85. The most forward looking sub−index "expectations" rose stronger than expected though, and points to continued improvement ahead.
[ Full Story ]- Read the Confidence data at Ifo Institute
- GLOBAL MARKETS: Ifo Weighs On European Stocks (Dow Jones)
- DATA SNAP: German Business Climate Improves; Below Forecasts (Dow Jones)
- Germany IFO − Business Climate rises to 84.2 in May (FXstreet.com)
European Market Update - German May IFO improved less than expected, rising to 84.2 by TradeTheNews.com
The Week Ahead - Ifo, North Korea open a relatively light calendar by X−Trade Brokers, XTB
EMU economic indicators - German ifo business climate (May): unchanged by BHF−Bank
Economic Events
| Date (GMT) | Country | Event | Actual | Cons. | Previous | |
| May 24 | 23:50 | JP | All Industry Activity Index (MoM) (Mar) | -2.4% | -2.3% |
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| May 25 | 00:00 | US | Markets Closed for Bank Holiday | |||
| 00:00 | UK | Spring Bank Holiday | ||||
| 02:00 | JP | BoJ's Governor Shirakawa Speech | ||||
| 15:22 | JP | Bank of Japan Monthly Economic Survey (May 19) | ||||
| 08:00 | DE | IFO − Business Climate (May) | 84.2 | 84.8 | 83.7 | |
| 08:00 | DE | IFO − Expectations (May) | 85.9 | 85.4 | 83.9 | |