Friday, Apr 27, 16:40 GMT
ASIA-PACIFIC Trading Newsletter
To Get Started
- The Advisor Weblog: A second cloud in the sky
- Forex Forum: 2 Weeks Webinar Raffle
- Have a look at our renewed Education Section. Selected Topic: Trading Strategies
- Check out all our Delivery Options
- New book: Forex Trading for Maximum Profit
Send us your feed back. Post your comments about the new newsletters' format in the Forum.
NEXT SPECIAL WEBINARS
Outlook for the major currencies this week
Expert: Ian Copsey
Start: Tue, May 1, 09:00 GMT
Sponsored by: 
Type of Session: Webinar
Topics
- Key economic releases
- Underlying trends
How to become a professional trader - Fundamental or technical analysis: Which is better?
Expert: Markus Heitkoetter
Start: Tue, May 1, 16:00 GMT
Sponsored by: 
Type of Session: Webinar
Current Session: U.S.
EUR/USD
Mid-Day Forex Technical Report - EUR/USD Makes Record High Finally after US GDP Disappoints by ActionForex.com
EUR/USD's retreat was once again supported above 4 hours 55 EMA and rebounds strongly in US session on broad based dollar weakness. EUR/USD broke through 04 high of 1.3668 finally and reaches as high as 1.3681 so far. At this point, as EUR/USD is still staying comfortably above mentioned short term rising channel support (now at 1.3479), rally from 1.2865 is still in good shape.
- Euro and Swissy confirm the trigger 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:
US Trading Preview - The dollar was mixed in overnight trading by Forexnews.com
Daily Trading Strategy - Waiting for a miracle by MVDForex
FX Thoughts for the Day - FX Thoughts for the day - Evening - 27-Apr-2007....1218 GMT by Kshitij Consultancy Service
Currencies at a Glance
- EUR/USD
- Drops below today's pivot at 1.3612 after US Consumer Sentiment Index
04/27/2007 16:35 GMT - GBP/USD
- Moves down below 1.9975 , toward today's pivot at 1.9954
04/27/2007 16:35 GMT - USD/CHF
- Trades around today's pivot at 1.2071 bounced at second support level 1.2004
04/27/2007 16:35 GMT - USD/JPY
- Trades around yesterday high at 119.65 after bounced at first support level 118.83
04/27/2007 16:35 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
EMU ECONOMIC CONFIDENCE
| Date (GMT) | Event | Cons. | Previous | |
| Apr 30 | 09:00 | Economic Confidence | 110.7 | 111.2 |
Friday Notes - German economy enjoys an updraft by HVB Group
After the surprisingly strong March figure, we expect EC sentiment to mark a mild technical correction in April. This deceleration will reflect the moderate softening in the manufacturing and, probably, construction sector. However, a good services sector performance allows us to pencil in 110.7, consistent with ongoing above-potential growth.
[ Full Story ]Top Market Movers Review
Germany CONSUMER PRICE INDEX
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Apr 27 | 14:30 | Consumer Price Index (MoM) | 0.4% | 0.2% | 0.3% |
| Apr 27 | 14:30 | Consumer Price Index (YoY) | 1.9% | 1.7% | 1.9% |
DATA SNAP: German Preliminary April CPI +0.4% MM, +1.9% YY (Dow Jones)
German consumer prices rose more than expected in April chiefly because of more expensive seasonal food, the federal statistics office Destatis said Friday. Prices rose 0.4% on the month in April after increasing 0.3% in March and were 1.9%higher on the year, unchanged from a 1.9% rise the previous month, the office said.
[ Full Story ]- Read the Consumer price index and HICP April 2007 at Federal Statistical Office Germany
- DATA SNAP: German Preliminary April CPI +0.4% MM, +1.9% YY-2 (Dow Jones)
- German CPI, rises higher than expected in April (FXstreet.com)
- German April preliminary CPI up 0.4 pct from March, up 1.9 pct yr-on-yr (AFX News)
US GROSS DOMESTIC PRODUCT ANNUALIZED
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Apr 27 | 12:30 | Gross Domestic Product Annualized | 1.3% | 1.8% | 2.5% |
US Q1 GDP up 1.3 pct vs 1.9 pct rise expected, slowest rise since Q1 2003 (AFX News)
The US economy continued to slow in the first part of the year, growing at the slowest annual pace in four years, while at the same time a key measure of inflation continued to rise, the Commerce Department said today. The department estimated the economy grew at a 1.3 pct annualised rate between January and March, slower than the 1.9 pct economists had expected for the quarter.
[ Full Story ]- Read the Gross Domestic Product data at Commerce Department
- Forex - Euro hits all time high against dollar after weak US GDP data (AFX News)
- DATA SNAP: US 1Q GDP Increases Less Than Expected (Dow Jones)
- GDP rise disappoints in the first quarter (FXstreet.com)
Wakeup Call on Forex Markets - All Eyes On US GDP Today by Saxo Bank
Forex Commentaries and Forecasts - Traders expect GDP-Adv data today by World-Signals®
Currency Journal: USD firms on position squaring ahead of US GDP by Performance Capital
Economic Events
| Date (GMT) | Country | Event | Actual | Cons. | Previous | |
| Apr 27 | 06:00 | JP | Bank of Japan Semi-annual Outlook Report | 1 | ||
| 09:30 | CH | KOF Swiss Leading Indicator (Apr) | 1.90 | 2.00 | 1.84 |
|
| 12:30 | US | Gross Domestic Product Annualized (1Q) | 1.3% | 1.8% | 2.5% | |
| 12:30 | US | Gross Domestic Product Price Index (1Q) | 3.4% | 3.1% | 1.7% | |
| 12:30 | US | Personal Consumption Expenditures - Prices Index | 3.4% | -1.0% | ||
| 14:00 | US | Reuters/Michigan Consumer Sentiment Index (Apr) | 87.1 | 85.0 | 88.4 |
|
| 14:30 | DE | Consumer Price Index (MoM) | 0.4% | 0.2% | 0.3% | |
| 14:30 | DE | Consumer Price Index (YoY) | 1.9% | 1.7% | 1.9% | |
| Apr 30 | 09:00 | EMU | Consumer Confidence (Apr) | -4 | -4 | |
| 09:00 | EMU | Economic Confidence (Apr) | 110.7 | 111.2 | ||