Wednesday, Apr 25, 17:04 GMT
ASIA-PACIFIC Trading Newsletter
To Get Started
- The Advisor Weblog: EUR/USD hit the record highs again
- Forex Forum: 2 Weeks Webinar Raffle
- New Book: The Complete Idiot's Guide to Foreign Currency Trading
- Have a look at our renewed Education Section. Selected Topic: Trading Strategies
- Check out all our Delivery Options
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NEXT SPECIAL WEBINARS
Fed Fund and FX Binaries - A Fundamental Approach
Expert: Peter A. Rosenstreich
Start: Wed, Apr 25, 19:00 GMT
Sponsored by: 
Type of Session: Webinar
Event trading and FX Market mechanics
Expert: Don Wilcox
Start: Thu, Apr 26, 15:00 GMT
Sponsored by: 
Type of Session: Webinar
Current Session: U.S.
EUR/USD
Mid-Day Forex Technical Report - Dollar Sellers Back after New Home Sales, EUR/USD Eyes 04 High by ActionForex.com
EUR/USD edges further higher to 1.3658, just 10 pips shy of 04 high of 1.3668. At this point, further is still expected to follow as long as EUR/USD stays above 1.3613 minor support. However, as discussed before, EUR/USD will be meeting short term channel resistance (now at 1.3670) too and risk of a short term reversal will be increasing as EUR/USD meets 1.3668.
- Trade Alert (intraday): EUR/USD (II) 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
- The Cable experience at our Forex Forum
Other Topics for this Session:
Forex Trading Strategies - EURUSD 6 pips from all time high by Saxo Bank
Daily Technical Briefing - “Yen and Kiwi Triangles Could Lead to Terminal Thrusts Higher†by FXCM
Daily Forex Forecast - Daily Forex Forecast by FXDream
Currencies at a Glance
- EUR/USD
- Back to opening price level at 1.3639 on a narrow daily range
04/25/2007 16:54 GMT - GBP/USD
- Moves down below 2.0045 after bounced at first resistant level 2.0062
04/25/2007 16:54 GMT - USD/CHF
- Trades around today's pivot level at 1.2042 after bounced at last week low at 1.2001
04/25/2007 16:54 GMT - USD/JPY
- Moves up above today's pivot at 118.57
04/25/2007 16:54 GMT
Analyst Sentiment Index (ASI)
Analysts Sentiment Index - EUR/USD
**Source : CMS Forex, Danske Bank A/S, Finotec Group Inc., FXstreet.com, Global Forex Trading Ltd. , KBC Bank, Mizuho Corporate Bank
[ View ASI page ] [ View EUR/USD page ]
Charting the Market Movers
EUR USD, Hourly
GBP USD, Hourly
Top Market Movers Preview
Germany GFK CONSUMER CONFIDENCE SURVEY
| Date (GMT) | Event | Cons. | Previous | |
| Apr 26 | 06:10 | Gfk Consumer Confidence Survey | 4.5 | 4.4 |
Friday Notes - Soaring Euro will not stop the ECB by HVB Group
The correction in the willingness-to-buy following the VAT hike appears to be over. The robust labor market and the growing confidence in a broadly-based upswing should maintain the upward trend in income expectations. For that reason, we also expect the consumer climate to post a gain in April.
[ Full Story ]Top Market Movers Review
US NEW HOME SALES
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Apr 25 | 14:00 | New Home Sales | 858K | 885K | 836K |
New Home Sales improvement, weaker than expected (FXstreet.com)
Sales of new houses increased in March, although not as much as expected, inventories increased slightly and prices went on rising, these are the main conclusions of the latest Home Sales Report by the Commerce Department.
[ Full Story ]- New home sales rebound slightly in March (AFX News)
- US March new home sales up 2.6 pct to 858,000 units vs 900,000 expected (AFX News)
- Table Of Data On New Home Sales From Commerce (Dow Jones)
Mid-Day Forex Technical Report - Dollar Sellers Back after New Home Sales, EUR/USD Eyes 04 High by ActionForex.com
US DURABLE GOODS ORDERS
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Apr 25 | 12:30 | Durable Goods Orders | 3.4% | 2.5% | 2.4% |
Durable Goods Orders beat expectations in March (FXstreet.com)
Orders for expensive goods have grown higher than expected in March, in a broad based extent, according to the latest report released by the Commerce Department.
[ Full Story ]- Official Report on U.S. Durable Goods Orders by the Commerce Department
- Forex - Dollar higher after strong March durable-goods data (AFX News)
- Dollar Jumps After US Durable Goods Beat Expectations -2- (Dow Jones)
- Orders for big-ticket items jump (AFX News)
- Tony Juste, FX Advisor at FXstreet.com: "Durable Goods show good progress but I am doubtful taht this is going to be a trend likely to continue. The USD has gained good ground on the back of the news, but let's remember that the % gain comes from previous month's declines, which make the news more neutral than what the market considered it."
Economic Events
| Date (GMT) | Country | Event | Actual | Cons. | Previous | |
| Apr 25 | 08:00 | DE | IFO - Business Climate (Apr) | 108.6 | 107.0 | 107.7 |
| 08:30 | UK | Gross Domestic Product (QoQ) (1Q)  | 0.7% | 0.6% | 0.7% | |
| 08:30 | UK | Gross Domestic Product (YoY) (1Q) | 2.8% | 2.8% | 3.0% | |
| 12:30 | US | Durable Goods Orders (Mar) | 3.4% | 2.5% | 2.4% |
|
| 14:00 | US | New Home Sales (Mar) | 858K | 885K | 836K |
|
| 14:30 | US | EIA Crude Oil Stocks (Apr 20) | 2.1 | -1.0 | ||
| 18:00 | US | Fed's Beige Book | ||||
| 21:00 | NZ | RBNZ Rate Decision | 7.5% | 7.5% | ||
| Apr 26 | 05:00 | JP | Bank of Japan Target Rate Decision (Apr 27) | 0.5% | 0.5% | |
| 06:00 | UK | Nationwide Housing Prices n.s.a (YoY) (Apr) | 9.5% | 9.3% | ||