Wednesday, May 27, 15:52 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 Forex Volatility by James Chen
- 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
The Day Job Trader: Missed it by an Inch… by Ryan O'Keefe
Having missed my short orders by just a few pips overnight I've decided to pull the orders off the desk. USD/JPY has support on the Daily chart around $94 / $93.50 which I failed to notice last night. I'm thinking this pair may be headed a tad higher after all, perhaps the sell is closer to $96.
CEO's Weblog: Champions League Finals: Good luck Barça! by Francesc Riverola
The Advisor Blog: Usd/Jpy falling again by Valeria Bednarik
Find other fellow traders to share your comments and market view in the FOREX FORUM
Sponsored by 
Live Sessions Schedule
Live Look at Today's Markets
Expert: Derek Frey
Start: Wed, May 27, 17:00 GMT
Sponsored by: 
Type of Session: Webinar
Asian Session: Live Market Analysis
Expert: Dr.S.Sivaraman
Start: Thu, May 28, 05:00 GMT
Type of Session: Webinar
| Sponsored by | ||||
| Wed, May 27, 16:00 GMT | Advanced Methods for Finding Dominant Trends in Forex Markets  | Mark Whistler | WBN |  |
| Wed, May 27, 17:00 GMT | Live Look at Today's Markets | Derek Frey | WBN | |
| Thu, May 28, 05:00 GMT | Asian Session: Live Market Analysis | Dr.S.Sivaraman | WBN | |
| Thu, May 28, 10:00 GMT | FX Instructor Live Trading Room | Mark De La Paz | WBN |  |
| Thu, May 28, 11:00 GMT | Correlations: commodities and small dollars | Valeria Bednarik | WBN | |
Current Session: U.S.
GBP/USD reached 38.2% retracement of 08−09 fall at 1.6040
FXstreet.com Independent Analyst Team − Pair has reached today, exactly the 38.2% retracement of the huge monthly fall, at 1.6040. The level offered a nice rebound yet I don't discard a retest of the zone yet. With month close two days ahead, new candle opening above that level will likely mean Gbp reach the 1.60 to stay. Hourly charts remain bullish with 20 SMA acting as dynamic support at 1.5960, followed by an ascendant trend line at 1.5910.
.
EUR/USD
Forex Daily Analysis − EUR/USD: It appears that a technical correction might take place by ForexYard
After peaking at the 1.4050 level, the pair has slightly dropped and is currently traded at the 1.3960 level. It appears that a technical correction might take place, as a bearish cross has been formed on the 4−hour chart's Slow Stochastic.
USD/JPY
Forex: USD/JPY: Dollarpicks up and returns to levels above 95.15 by FXstreet.com
USD/JPY has bounced strongly at 94.65 intra−day low and the pair has rallied more than 55 pips reaching levels at 95.28 so far, with intra−day high, at 95.50 on sight.
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 ILO UNEMPLOYMENT RATE
| Date (GMT) | Event | Cons. | Previous | |
| May 28 | 06:00 | ILO Unemployment Rate | - | 7.6% |
EMU economic indicators - German adjusted unemployment (May): sharper rise by BHF−Bank
Due to short−time working allowances, for which the government has extended the maximum entitlement period to two years, German unemployment has only risen moderately so far. According to the Federal Employment Agency, if it had not been for short−time working, the April unemployment level would have been about 450,000 higher.
[ Full Story ]Top Market Movers Review
US EXISTING HOME SALES
| Date (GMT) | Event | Actual | Cons. | Previous | |
| May 27 | 14:00 | Existing Home Sales | 4.68M | 4.65M | 4.55M |
| May 27 | 14:00 | Existing Home Sales (MoM) | 2.9% | 1.8% | -3.4% |
U.S. existing home sales increase in Apr, prices decline; Dollar picks up (FXstreet.com)
Existing home sales have beaten expectations in April with a 2.9% increase, to an annual rate of 4.68M, well above the 1.4% increase forecasted by the analysts. Euro and Pound have posted slight declines figures were released.
[ Full Story ]- Read the Existing Home Sales data at NAR
- U.S. markets, mixed after existing home sales; Dollar picks up (FXstreet.com)
- US Existing Single−Family Home Sales−STATS (Dow Jones)
- US Apr Existing Home Sales rise a 2.9% to 4.68M (FXstreet.com)
US economic indicators - We expect existing home sales to have followed suit by BHF−Bank
Economic Events
| Date (GMT) | Country | Event | Actual | Cons. | Previous | |
| May 27 | 14:24 | DE | Consumer Price Index (YoY) (May)  | 0.0% | 0.2% | 0.7% |
| 14:24 | DE | Consumer Price Index (MoM) (May) | -0.1% | 0.1% | 0.0% | |
| 16:00 | US | Treasury's Geithner Speech | ||||
| 23:50 | JP | Large Retailer's Sales (Apr) | -8.1% | |||
| 23:50 | JP | Retail Trade (YoY) (Apr) | -3.2% | -3.9% | ||
| 23:50 | JP | Retail Trade s.a (MoM) (Apr) | -1.1% | |||
| May 28 | 00:00 | AU | Conference Board Australia Leading Index (Mar) | 0.2% | ||
PSYCHOLOGY
Listen to Steven Croft's podcast about trading strategies and psychology matters. Listen now! Here are the topics for this week:
− Step Outside Of Your Comfort Zone
− Become a Great Trader Without Trading
− Building a Bridge To New Programs
− The Old Is Forever New
− Action Needs To Conquer Caution