Tuesday, May 26, 16:14 GMT
ASIA-PACIFIC Trading Newsletter
To Get Started
- Learning Center: Do you want to be notified when a new chapter of the LC is released? Subscribe now!
- NEW: Live Webinars during the Asian Trading Session: Markets Commentaries at 5 and 6 GMT. Check our schedule!
- WEBINAR VIDEOS: Trading Break Out's And Other Market Views by Phil Newton
- All the events of the day in our Economic Calendar
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.
Forex Blogs
FX Path: USD/CAD − Retracement within Continuing Downtrend by James Chen
Price action on USD/CAD, a daily chart of which is shown, has attempted a bullish retracement after falling to yet another support level, this time around the 1.1200 level. Recently, this pair has been exhibiting textbook downtrend behavior, with drops to successively lower support levels followed by minor bullish corrections.
Forex Trading Today: Corrective Behavior Seen Heading Into The NYSE Open by Tim Salem
The Advisor Blog: Usd/Jpy set for a leg higher by Valeria Bednarik
Find other fellow traders to share your comments and market view in the FOREX FORUM
CEO's Weblog: FINMA suspends all Crown Forex S.A activities, including trading
Sponsored by 
Live Sessions Schedule
Asian Session: Live Market Analysis
Expert: Dr.S.Sivaraman
Start: Wed, May 27, 05:00 GMT
Type of Session: Webinar
FX Instructor Live Trading Room
Expert: Mark De La Paz
Start: Wed, May 27, 09:00 GMT
Sponsored by: 
Type of Session: Webinar
| Sponsored by | ||||
| Tue, May 26, 17:00 GMT | Live Look at Today's Markets  | Derek Frey | WBN |  |
| Wed, May 27, 05:00 GMT | Asian Session: Live Market Analysis | Dr.S.Sivaraman | WBN |  |
| Wed, May 27, 09:00 GMT | FX Instructor Live Trading Room | Mark De La Paz | WBN | |
| Wed, May 27, 10:00 GMT | Trading Waves with Fibonacci | Phil Newton | WBN |  |
| Wed, May 27, 12:00 GMT | US Pre−Market Open | Ed Ponsi | WBN | |
Current Session: U.S.
U.S. Update: Dollar resumes downtrend
FXstreet.com Independent Analyst Team − Shocking good news in the U.S. trigger a major risk appetite rally, after Consumer confidence rose to 54.9 from a revisited 40.8 in previous month. Also, Richmond Manufacturing Index, print a positive reading of 4 after several months of negative readings, sending Wall Street 150 points up, raising bets the economy is stabilizing. EUR/USD resume uptrend as expected after due correction, now again close to the 1.4000 level. Rally seems to be contained by the roof of an ascendant channel, today around 1.4080.
.
EUR/USD
Correction could extend to 1.3960, before pair resume down trend by FXstreet.com Independent Analyst Team
Early Europe correction reached as low as 1.3860, where hourly charts begin to give clear signs of oversold. Pair has recovered to the 1.3930 zone, and above it correction could extend to 1.3960, before pair resume down trend.
EUR/GBP
Timeframe Breakdowns − EURGBP: We have formed a descending triangle formation by FXstreet.com Independent Analyst Team
rallied from October to the 30th of December and reached a peak at 9805. We then had an aggressive pullback in January and have since traded within a range of 9523 – 9639. We have formed a descending triangle formation (Bearish),
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 CONSUMER PRICE INDEX
| Date (GMT) | Event | Cons. | Previous | |
| May 27 | 06:00 | Consumer Price Index (MoM) | 0.1% | 0.0% |
| May 27 | 06:00 | Consumer Price Index (YoY) | 0.2% | 0.7% |
EMU economic indicators - German CPI inflation (May): decreasing by BHF−Bank
The preliminary results for national German CPI for May are due to be released on Wednesday at the latest. We expect German consumer prices to have gone up by 0.1 % month−on−month; the annual rate would then decrease to 0.2%. On the energy side, there are mixed signals: gasoline and heating oil prices have gone up since April, whereas gas prices are expected to have gone down.
[ Full Story ]Top Market Movers Review
US CONSUMER CONFIDENCE
| Date (GMT) | Event | Actual | Cons. | Previous | |
| May 26 | 14:00 | Consumer Confidence | 54.9 | 42.0 | 40.8 |
US Conference Bd May Consumer Confidence 54.9 Vs Apr 40.8 (Dow Jones)
U.S. consumer confidence improved sharply in May, especially in expectations for the economy six months from now, a report released Tuesday said.
[ Full Story ]- U.S.markets rise after Consumer Confidence data; Dollar and Yen, higher (FXstreet.com)
- Forex: EUR/USD: Euro reaches 1.3985 after consumer confidence figures (FXstreet.com)
- U.S. Consumer Confidence soars in June; Euro and Pound rise (FXstreet.com)
US economic indicators - Consumer confidence indicators (May): still at low levels despite improvement by BHF−Bank
Economic Events
| Date (GMT) | Country | Event | Actual | Cons. | Previous | |
| May 26 | 14:00 | US | Consumer Confidence (May) | 54.9 | 42.0 | 40.8 |
| 14:00 | US | Richmond Fed Manufacturing Index (May) | 4 | -7 | -9 | |
| 21:00 | US | ABC/Washington Post Consumer Confidence (May 24) | -45 | |||
| 23:50 | JP | Adjusted Merchandise Trade Balance (Apr) | -¥97.1B | |||
| 23:50 | JP | BoJ Minutes | ||||
| 23:50 | JP | Merchandise Trade Balance Total (Apr) | ¥10.3B |
|||
| May 27 | 00:30 | AU | Westpac Leading Index (MoM) (Mar) | -0.3% | ||
Educational Resources
Currency Trading and Intermarket Analysis
Ashraf Laidi's book is the first work to provide illustrative and indepth analysis on the evolving relationships shaping currencies, metals, energy and agricultural commodities, while devoting full chapters on the increasingly important topics of risk appetite, yield curves and how these underpin currencies.
Ashraf Laidi will be Key Speaker at the ITC'09 Barcelona
Check his report Weekly Fx Strategy