Monday, May 25, 11:40 GMT
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Forex Blogs
The Advisor Blog: Holidays! by Valeria Bednarik
Hi everybody, and welcome. Not only in the U.K. and the U.S. is holiday today, also here, at the other side of the world. Anyway, I'm reading a bit of all, what happened, what to expect, and of course looking at charts.
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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Derek Frey's Outlook
Expert: Derek Frey
Start: Mon, May 25, 14:00 GMT
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Weekly Webinar: 1st on Forex − The Week Ahead
Expert: Jerry Furst
Start: Mon, May 25, 16:00 GMT
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| Mon, May 25, 12:00 GMT | US Pre−Market Open  | Ed Ponsi | WBN |  |
| Mon, May 25, 12:30 GMT | What is the best currency pair to trade? | Adam Rosen | WBN | |
| Mon, May 25, 13:30 GMT | US Session Open | Ed Ponsi | WBN | |
| Mon, May 25, 14:00 GMT | Derek Frey's Outlook | Derek Frey | WBN | |
Current Session: Europe − U.S.
USD Weakest Among Majors, but Upward Correction Time is Calling
Swiss e Trade AG − With the economic outlook brightening up, it's no wonder the Greenback is coming under pressure, given the inflationary potential for this currency. But market and technical factors speak for a deeply oversold position now, with all the sell stops being defused and the technical indicators in deep south. We do not expect much more downside risk in the currency, rather see some recovery potential during this week.
EUR/USD
USD − Negative Market Reversal Due this Week? by ForexYard
The American Dollar saw an extremely bearish session during last week's trading as it dropped in value against all the major currencies. The EUR/USD actually rose to the 1.4000 level for the first time in 5 months!
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
EUR USD, Hourly
GBP 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)
EMU economic indicators - German ifo business climate (May): unchanged by BHF−Bank
Economic Events
| Date (GMT) | Country | Event | Actual | Cons. | Previous | |
| May 25 | 00:00 | US | Markets Closed for Bank Holiday | |||
| 00:00 | UK | Spring Bank Holiday | ||||
| 02:00 | JP | BoJ's Governor Shirakawa Speech | ||||
| 11:40 | 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 | |
| 22:45 | NZ | Trade Balance (Apr) | 251M | 324M | ||
| 23:50 | JP | Corporate Service Price (YoY) (Apr) | -2.3% | -2.1% | ||
| May 26 | 03:00 | NZ | RBNZ Inflation Expectations q/q (2Q) | 2.3 | ||
| 06:00 | DE | Gross Domestic Product n.s.a (YoY) (1Q) | -6.7% | -1.7% | ||