Wednesday, Apr 09, 16:01 GMT
ASIA-PACIFIC Trading Newsletter
To Get Started
- Webinar videos: Forex Swing Trading, Low Risk / High Reward Trading In The Largest by Sam Seiden
- ECB and BoE − Preview of Apr 10 meetings by FXstreet.com
- Live Free Access Day on Thursday 10th − Register now
- Asia Session Performance by FXstreet.com
- ITC 2008 − Barcelona October 29th to 31st. Visit our website!
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Live Sessions Schedule
Live Look at Today's Markets
Expert: Derek Frey
Start: Wed, Apr 9, 17:00 GMT
Sponsored by: 
Type of Session: Webinar
Tracking the forex market together / Part I − Free Acces Day
Expert: Dr.S.Sivaraman
Start: Thu, Apr 10, 10:00 GMT
Type of Session: Webinar
| Sponsored by | ||||
| Wed, Apr 9, 17:00 GMT | Live Look at Today's Markets | Derek Frey | WBN | |
| Thu, Apr 10, 10:00 GMT | Tracking the forex market together / Part I − Free Acces Day | Dr.S.Sivaraman | WBN |  |
| Thu, Apr 10, 11:00 GMT | FX Instructor Live Trading Room − Free Access Day | Mark De La Paz | WBN |  |
| Thu, Apr 10, 12:00 GMT | Using Bollinger Bands during Trends − Free Access Day | Chris Capre | WBN | |
| Thu, Apr 10, 13:00 GMT | Weekly Technical Briefing − Free Access Day | Dan Blystone | WBN | |
Current Session: U.S.
GBP/USD
Forex Daily Analysis − 09/04/'08 − Ears Poised For Bernanke's Speech by ForexYard
The cable is in the middle of a very sharp bearish trend after the breach through the 1.9800 level. The slow stochastic is showing a negative slope on the daily chart, and it appears that the bearish trend will continue. Going short might be a very wise choice today.
- Covered Carry Trades by S. Wade Hansen, Founder Profiting With Forex
- Check out how pairs moved: Live Currency Rates & Charts
- Follow up the most relevant Economic Data in the new Real Time Economic Calendar
Other Topics for this Session:
Currency Majors Technical Analysis − 1,9709. GBP USD is in a consolidation after the last bearish movement by Mataf.net
Top Market Movers Preview
EMU ECB INTEREST RATE DECISION
| Date (GMT) | Event | Cons. | Previous | |
| Apr 10 | 11:45 | ECB Interest Rate Decision | 4% | 4% |
Central Banks: ECB and BoE - Preview of Apr 10 meetings by FXstreet.com
Thursday 10 brings BOE and ECB to the stage. The BoE is expected to cut rates at least 25bp from its actual 5.25%, even more now that the Pound (GBP) edged down on a weaker housing report. On the other hand, ECB is expected to keep rates on hold at 4%, following the wait−and−see trend that has acquired in the last months.
- ECB and BoE Monetary policy decisions: Time for a rate cut for the BoE (FXstreet.com)
- IMF cuts euro zone growth forecasts, says ECB can afford to cut rates (Thomson Financial News)
Daily Forex News - Dollar and Sterling edged lower ahead of ECB and BoE and this weekend G7 meetings by ACM − Advanced Currency Markets
ECB: Preview of meeting on April 10 by Danske Bank A/S
Top Market Movers Review
US WHOLESALE INVENTORIES
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Apr 9 | 14:00 | Wholesale Inventories | 1.1% | 0.6% | 0.8% |
OUTLOOK Highlights of US economic indicators to be released in the coming week (Thomson Financial News)
Wholesale inventories are expected to have increased 0.5 pct in February, three tenths of a point less than in the previous month. Meanwhile, wholesale sales are expected to have increased a meagre 0.2 pct in February following a 2.7 pct increase in the previous month.
[ Full Story ]- US February wholesale sales down 0.8 pct, inventories up 1.1 pct (Thomson Financial News)
- US wholesale inventories grow above expectations in February (FXstreet.com)
- US Wholesale Inventories increase 1.1% in Feb; 0.6% expected (FXstreet.com)
Currencies at a Glance
- EUR/USD
- Continues to trade around pivot level 1.5727
04/09/2008 14:04 GMT - GBP/USD
- Stays around opening price level 1.9693 , below pivot level 1.9761
04/09/2008 14:04 GMT - USD/CHF
- Back above pivot level 1.0119
04/09/2008 14:04 GMT - USD/JPY
- Back around opening price level 102.67 , above pivot level 102.37
04/09/2008 14:04 GMT
Analyst Sentiment Index (ASI)
Analysts Sentiment Index - EUR/USD
**Source : ActionForex.com, CMS Forex, Danske Bank A/S, FXstreet.com, Global Forex Trading, Mizuho Corporate Bank
[ View ASI page ] [ View EUR/USD page ]
Charting the Market Movers
GBP USD, Hourly
EUR USD, Hourly
Economic Events
| Date (GMT) | Country | Event | Actual | Cons. | Previous | |
| Apr 9 | 14:00 | US | Wholesale Inventories (Feb) | 1.1% | 0.6% | 0.8% |
| 14:30 | US | EIA Crude Oil Stocks change (Apr 5) | -3.2M | 7.3M | ||
| 23:01 | UK | NIESR GDP Estimate (Mar) | 0.5% | |||
| 23:50 | JP | Adjusted Current Account (Mar) | ¥1650.0B | ¥2074.7B | ||
| 23:50 | JP | Bank Lending (YoY) (Mar) | 0.9% | |||
| 23:50 | JP | Core Machinery Orders (MoM) | -14.0% | 19.6% | ||
| 23:50 | JP | Money Supply M2+CD (YoY) (Mar) | 2.4% | 2.3% | ||