Tuesday, Apr 10, 16:57 GMT
ASIA-PACIFIC Trading Newsletter
To Get Started
- The Advisor Weblog: EUR/JPY gains fuel Euro across the board
- Discover our new blog: Inside technicals and chart patterns by Raghee Horner
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NEXT SPECIAL WEBINARS
Live Coverage of ECB Announcement - Live Free-Access Day
Expert: Ed Ponsi
Start: Thu, Apr 12, 11:30 GMT
Sponsored by: 
Type of Session: Webinar
Technical Analysis Q&A - Live Free-Access Day
Expert: Tony Juste
Start: Thu, Apr 12, 14:00 GMT
Sponsored by:
Type of Session: Webinar
Current Session: U.S.
EUR/JPY
Mid-Day Forex Technical Report - Dollar and Japanese Yen Remain Pressured, Aussie Strong by ActionForex.com
EUR/JPY's rally extends further to 160.09 today. At this point, intraday bias remains on the upside and further rally is still expected to follow towards cluster projection target of 100% projection of 150.75 to 155.72 from 152.64 at 160.68 and 100% projection of 152.64 to 158.801 from 155.34 at 160.71.
- JPY crosses watch - EUR/JPY and GBP/JPY charts by Tony Juste
- Check out how the currency moved on Live Currency Rates & Charts at FXstreet.com
- Follow up the most relevant Economic Data in the new Real Time Economic Calendar
- Be up to date with the Latest Forex News
- Read the comments to the latest market moves at our Forex Forum
Other Topics for this Session:
EUR/USD Briefing - We’re getting closer to historical high by Nexum Capital Markets
Daily Forex Forecast - Daily Forex Forecast by FXDream
Forex Trading Strategies - EURUSD Back, Testing the Highs Again by Saxo Bank
Currencies at a Glance
- EUR/USD
- Trades slightly below last week high at 1.3440
04/10/2007 16:46 GMT - GBP/USD
- Continues to trade around third resistant at 1.9721 after bounced at 1.9750
04/10/2007 16:47 GMT - USD/CHF
- Moves up above third support at 1.2155
04/10/2007 16:47 GMT - USD/JPY
- Trades around second support at 119.07
04/10/2007 16:47 GMT
Analyst Sentiment Index (ASI)
Analysts Sentiment Index - EUR/USD
**Source : CMS Forex, Danske Bank A/S, FXstreet.com, Global Forex Trading Ltd. , KBC Bank, Mizuho Corporate Bank, Saxo Bank
[ View ASI page ] [ View EUR/USD page ]
Charting the Market Movers
EUR USD, Hourly
GBP USD, Hourly
Top Market Movers Preview
US FOMC MINUTES
| Date (GMT) | Event | Cons. | Previous | |
| Apr 11 | 18:00 | FOMC Minutes | - | - |
The Week Ahead - FOMC Minutes, Import price Index, Trade Balance, PPI and core, Consumer sentiment Prel. by BBVA Bancomer
We expect that staff forecast for the past meeting to have, once again, increased the downside risks to growth. Behind this higher risk lies the poor performance in the housing sector, not only because of the well-publicized problems in the subprime market, but the housing sector in general.
[ Full Story ]Top Market Movers Review
Germany TRADE BALANCE
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Apr 10 | 06:00 | Trade Balance | 14.2B | 15.4B | 16.2B |
German Feb Trade Surplus EUR14.2B Vs EUR16.2B In Jan (Dow Jones)
Germany's trade surplus shrank more than expected to EUR14.2 billion in February from EUR16.2 billion in January due to strong imports, data released by the Federal Statistics Office showed Tuesday. The market was expecting a EUR15.4 billion surplus in February, according to a Dow Jones Newswires survey of economists.
[ Full Story ]- Read the Trade Surplus report at German Federal Statistics Office
- German Feb trade surplus narrows to 14.2 bln eur vs 16.2 bln in Jan (AFX News)
Economic Events
| Date (GMT) | Country | Event | Actual | Cons. | Previous | |
| Apr 10 | 04:00 | JP | Interest Rate Decision | 0.5% | 0.5% | |
| 05:45 | CH | Unemployment Rate | 2.9% | 3.0% | ||
| 06:00 | JP | BoJ Governor Fukui Speaks | ||||
| 06:00 | DE | Trade Balance | 14.2B | 15.4B | 16.2B | |
| 23:01 | UK | BRC Retail Sales Monitor - All (YoY) | 3.3% | |||
| Apr 11 | 12:15 | CA | Housing Starts (YoY) | 196K | ||
| 13:30 | AU | Unemployment Rate | 4.5% | |||
| 14:30 | US | EIA Crude Oil Stocks (Apr 6) | -0.9 | |||
| 14:30 | UK | Leading Indicator Index | 0.3% | |||
| 18:00 | US | FOMC Minutes (Mar 21) | ||||