Friday, May 24, 08:03 GMT
EUROPEAN Trading Newsletter
Follow us on Twitter • Subscribe to our RSS feeds • Visit our Facebook page
To Get Started
- WEBINAR RECORDING: The Proper Way to Use Technical Indicators by Brandon Wendell
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.
Trader's Eye on EUR/USD, short-term
Gonçalo Moreira - A little more selling of the US Dollar in the sessions ahead, but well supported declines.
The EURUSD Daily by Tor Vollaløkken
The Brief Harmonic Daily Forecaster - EURUSD by Ian Copsey
EURUSD: 1.3000-1.3015 on the upside, 1.2830-1.2845 on the downside by Dzhafer Medzhakhed
Website improvements
Have you noticed? We have changed the organization of the Homepage and Technical subhome.
Latest from the Forex Social Network
anita88 created a blog post 1 minute ago MT4-MT4 Bridge
spikeone commented a blog post 22 minutes ago Trading Rules
nr.24 When having enough balance, split your account.
thats great, what about an other asset class?
maybe something with food.
ANDREA CALISSANO uploaded a photo 25 minutes ago USDJPY D
spikeone commented a blog post 31 minutes ago Trading Rules
nr4:R/R at least 1:5 (better 1:10)!!i often read about Profitability.most traders win more than 50% of all trades.when you respect rule nr.4,you only...
Webinars Schedule
Gold and Silver End of Week Review
Expert: Phil Carr
Start: Fri, May 24, 10:00 GMT
Type of Session: Webinar
Fibonacci Friday
Expert: Andrei Knight
Start: Fri, May 24, 15:00 GMT
Type of Session: Webinar
| Sponsored by | ||||
| Fri, May 24, 10:00 GMT | Gold and Silver End of Week Review | Phil Carr | WBN |  |
| Fri, May 24, 12:00 GMT | US Pre−Market Open  | Ed Ponsi | WBN | |
| Fri, May 24, 13:00 GMT | US Session Open | Ed Ponsi | WBN | |
| Fri, May 24, 15:00 GMT | Fibonacci Friday | Andrei Knight | WBN | |
| Mon, May 27, 05:00 GMT | Asian Session: Live Market Analysis | Dr. S. Sivaraman | WBN | |
Current Session: Europe
EUR/USD even closed the session with decent gains
In a longer term perspective, we continue to favour the downside for EUR/USD. Despite some disappointing US eco data in since March, we still assume that the US economy will keep the lead on the way to recovery and that the Fed will reduce policy stimulation first.
USDJPY remains comfortably above 100.00
Charting the Market Movers
USD JPY, Hourly
Event of the Day
US DURABLE GOODS ORDERS
| Date (GMT) | Event | Actual | Cons. | Previous | |
| May 24 | 12:30 | Durable Goods Orders | - | 1.5% | -6.9% |
Event of the Week
US FED'S BERNANKE TESTIFIES
| Date (GMT) | Event | Actual | Cons. | Previous | |
| May 22 | 14:00 | Fed's Bernanke testifies | - | - | - |
Bernanke warns ‘premature' Fed tightening could stifle US economic recovery (FXstreet.com)
[ Full Story ]- Read the official report at Federal Reserve
- Bernanke warns against early tightening, looking for sustained improvement (Forex Live)
- Lots of wiggle room on taper for Bernanke (FXBriefs.com)
- Bernanke declines to comment when asked if he would accept another term (FXBriefs.com)
Flash Comment - FOMC: QE tapering is drawing closer by Danske Bank A/S
Asia Market Open - USD stays well bid after Bernanke testimony by FXWW
Daily Forex Market Wraps - Bernanke speaks, US dollar rallies, stocks and bonds sell off by Vantage FX
Economic Events
| Date (GMT) | Country | Event | Actual | Cons. | Previous | |
| May 24 | 07:00 | UK | MPC Member Paul Fisher Speech | |||
| 08:00 | DE | IFO − Business Climate (May) | 105.7 | 104.5 | 104.4 | |
| 08:00 | DE | IFO − Current Assessment (May) | 110.0 | 107.2 | 107.3 |
|
| 08:00 | DE | IFO − Expectations (May) | 101.6 | 101.6 | 101.6 | |
| 08:30 | UK | BBA Mortgage Approvals (Apr) | 32.7 | 31.2K | ||
| 10:00 | DE | German Buba President Weidmann speech | ||||
| 12:30 | US | Durable Goods Orders (Apr) | 1.5% | -6.9% |
||
| 12:30 | US | Durable Goods Orders ex Transportation (Apr) | 0.5% | -1.4% | ||
| May 26 | 04:50 | JP | Bank of Japan Governor Kuroda Speech | |||
| 23:50 | JP | BoJ Monetary Policy Meeting Minutes | ||||
Educational Resources
Setting the Stop Loss in a Breakout Scenario – Close or Far? 4 Factors
Forex Crunch − Where do you place your stop loss? Many traders struggle with this wonder, but it doesn't have to be so complicated. The answer to the question above depends on your system. Let's see what is a "close point", a "far point", and how you can better determine the placement.
Also Check:
Basic Trading Video: Stop Loss by Investopedia
Stop Losses by Brandon Wendell - Online Trading Academy
Forex Glossary
Convertibility RiskIn the context of bond markets, the term refers to the risk that bonds denominated, let's say in euros, could ultimately be paid back in a new domestic currency (lire, drachma, or deutschmark, for example) if the country taking out the debt leaves the eurozone before the end of the bond's maturity.
Systematic Risk
The risk of the market is referred to as systematic risk. In contrast, unsystematic risk is the amount of risk associated with one particular investment and is not related to the market. By diversifying an investment portfolio, the amount of risk approaches that of the market. Many discussions about diversification of investment portfolios are derived from systematic and unsystematic risk and their relation to returns.