Tuesday, May 26, 07:49 GMT
EUROPEAN Trading Newsletter
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Forex Blogs
Forex Trading Today: Volatility Attempts to Emerge as Institutions Return to the Markets by Tim Salem
While we are still locked in these Sideways Ranges of Consolidation on most Units from an IntraDay Perspective, we are seeing some Activity as the European Markets and London gear up for Institutional Return.
The Trader's Edge: EUR/USD Commentary by Ross Yamashita
FX Market Readings: Swing moves for a day by Dr. S. Sivaraman
Find other fellow traders to share your comments and market view in the FOREX FORUM
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Live Sessions Schedule
The Weather Report: Ichimoku Cloud Trading
Expert: Chris Capre
Start: Tue, May 26, 14:00 GMT
Type of Session: Webinar
Trading with Autochartist
Expert: Raghee Horner
Start: Tue, May 26, 15:00 GMT
Type of Session: Webinar
| Sponsored by | ||||
| 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 |  |
| Tue, May 26, 13:30 GMT | US Session Open | Ed Ponsi | WBN | |
| Tue, May 26, 14:00 GMT | The Weather Report: Ichimoku Cloud Trading | Chris Capre | WBN | |
Current Session: Europe
GBP/USD: Tight Range Capped by Dynamic Resistance of the Hourly 20SMA at 1.5899
FXstreet.com Independent Analyst Team − Hourly Accumulation also sees a Tight Range here Capped by Dynamic Resistance of the Hourly 20SMA @ 1.5899 and Supported by the Daily Pivot Area at 1.5894., and further to Static Daily Resistance @ 1.5931. Continuance sees 1.5955 to 1.5992 in the Immediate−Term. Downside Corrections may be evident with Breaches through Daily Dynamic and Static Support Levels of 1.5858 and 1.5829, where 1.5789 should Hold and Contain any Downside−Risk.
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EUR/USD
Forex Technical Analysis − New recovery high on move above 1.3739/ .13722 by KBC Bank
New recovery high on move above 1.3739/ .13722 (see graph). Support area at 1.3945/ .3926 (today's + current week low/ daily Short Term Moving Average↑), with next levels at 1.3897/ .3892 (reaction low hourly/ weekly envelope bottom), where pause favored.
USD/JPY
Forecast on USD Majors − Expect the price to move higher as long as 94.10 holds by Precise Trader
USDJPY closed above the open even though US & UK was on holiday and it was thin trading session. The Hourly Oscillators are mixed because of thin trading session, so cautious approach is needed as today is the first trading day for the week in US.Hourly Trend is Sideways and Daily Trend is Sideways Down.
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
USD JPY, Hourly
GBP USD, Hourly
Top Market Movers Preview
EMU INDUSTRIAL NEW ORDERS S.A.
| Date (GMT) | Event | Cons. | Previous | |
| May 26 | 09:00 | Industrial New Orders s.a. (MoM) | 1.0% | -0.6% |
| May 26 | 09:00 | Industrial New Orders (YoY) | - | -34.5% |
EMU economic indicators - EMU industrial new orders might have decreased slightly in March by BHF−Bank
EMU industrial new orders might have decreased slightly in March and February's figure might be revised downwards. The EMU current account is likely to have deteriorated in March.
[ Full Story ]Top Market Movers Review
Germany GROSS DOMESTIC PRODUCT S.A
| Date (GMT) | Event | Actual | Cons. | Previous | |
| May 26 | 06:00 | Gross Domestic Product w.d.a (YoY) | -6.9% | -6.9% | -1.8% |
| May 26 | 06:00 | Gross Domestic Product s.a (QoQ) | -3.8% | -3.8% | -2.2% |
| May 26 | 06:00 | Gross Domestic Product n.s.a (YoY) | -6.7% | -6.7% | -1.7% |
DATA SNAP: German GDP Drops As Exports, Investment Collapse (Dow Jones)
German gross domestic product posted its sharpest decline since records began in 1970 on weak investment activity and a sharp drop in net exports.
[ Full Story ]- EUR/USD: Euro dips to 1.3935 low after German GDP data (FXstreet.com)
- UPDATE: German 1Q GDP Drops As Exports, Investment Collapse (Dow Jones)
- Germany QoQ GDP falls 3.8% in 1Q (FXstreet.com)
EMU economic indicators - Q1 German GDP is unlikely to be revised significantly by BHF−Bank
Germany GFK CONSUMER CONFIDENCE SURVEY
| Date (GMT) | Event | Actual | Cons. | Previous | |
| May 26 | 06:00 | Gfk Consumer Confidence Survey | 2.5 | 2.5 | 2.5 |
UPDATE: German Consumer Sentiment Unch At Low Level In June (Dow Jones)
German consumer confidence is expected to remain stable at low levels in June on general uncertainty about future job market developments, a key consumer survey showed Tuesday.
[ Full Story ]Economic Events
| Date (GMT) | Country | Event | Actual | Cons. | Previous | |
| May 26 | 06:00 | DE | Gross Domestic Product n.s.a (YoY) (1Q) | -6.7% | -6.7% | -1.7% |
| 06:00 | DE | Gross Domestic Product s.a (QoQ) (1Q) | -3.8% | -3.8% | -2.2% | |
| 06:00 | DE | Import Price Index (YoY) (Apr) | -8.6% | -7.7% | -7.1% | |
| 07:15 | CH | Employment Level (QoQ) (1Q) | 3.96M | 3.92M | 3.96M | |
| 08:00 | EMU | Current Account n.s.a (Mar) | -2.3B | |||
| 08:00 | EMU | Current Account s.a (Mar) | -7.5B | -8.1B | ||
| 09:00 | EMU | Industrial New Orders (YoY) (Mar) | -34.5% | |||
| 09:00 | EMU | Industrial New Orders s.a. (MoM) (Mar) | 1.0% | -0.6% | ||
| 13:00 | US | S&P/Case−Shiller Home Price Indices (Mar) | -18.3% | -18.6% | ||
| 14:00 | US | Consumer Confidence (May) | 42.0 | 39.2 | ||