Monday, Apr 14, 15:58 GMT
ASIA-PACIFIC Trading Newsletter
To Get Started
- Webinar videos: Trend Trading - Part 1: Elements of Trend Trading in FX and Futures Markets by Don Wilcox
- Be aware of the USD movements against the other majors
- Monthly Webinar with Andrei Pehar − Thursday 17th
- Are you a Forex Newbie? Check our Beginners Video Course
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Live Sessions Schedule
Outlook for the major currencies this week
Expert: Ian Copsey
Start: Tue, Apr 15, 08:00 GMT
Sponsored by: 
Type of Session: Webinar
Technical Analysis Bootcamp: The indicators you need to know and how to interpret them
Expert: Dan Blystone
Start: Tue, Apr 15, 14:00 GMT
Type of Session: Webinar
| Sponsored by | ||||
| Mon, Apr 14, 16:00 GMT | The Currency Ramifications of a US Recession | Joseph Trevisani | WBN |  |
| Tue, Apr 15, 08:00 GMT | Outlook for the major currencies this week | Ian Copsey | WBN | |
| Tue, Apr 15, 14:00 GMT | Technical Analysis Bootcamp: The indicators you need to know and how to interpret them | Dan Blystone | WBN | |
| Tue, Apr 15, 15:00 GMT | Trading with Autochartist | Raghee Horner | WBN | |
| Tue, Apr 15, 17:00 GMT | Live Look at Today's Markets  | Derek Frey | WBN |  |
Current Session: U.S.
EUR/USD
Mid−Day Forex Technical Report − Dollar Reverses Sharply as G7 Impact Fades by ActionForex.com
EUR/USD's sharp retreat from 1.5913 was supported by mentioned 1.5674 minor support and rebounds even more sharply today. At this point intraday outlook remains neutral. Though, note firm break of 1.5913 high will confirm that consolidation from 1.5902, which is likely in form of an ascending triangle, has completed.
- 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:
Daily Outlook − EUR/USD daily by Karoll
FX Analysts' Comments
FOREX | Pivot Points & Daily Ranges | Week of April 14, 2008 by Wayne McDonell, FxBootcamp.com
Currencies at a Glance
- EUR/USD
- Continues to move up above first resistant level 1.5875
04/14/2008 14:09 GMT - GBP/USD
- Continues to move up above third resistant level 1.9850
04/14/2008 14:09 GMT - USD/CHF
- Continues to move down below first support level 0.9950
04/14/2008 14:09 GMT - USD/JPY
- Moves down towards first support level 100.27
04/14/2008 14:09 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
Top Market Movers Preview
Germany ZEW SURVEY − ECONOMIC SENTIMENT
| Date (GMT) | Event | Cons. | Previous | |
| Apr 15 | 09:00 | ZEW Survey − Economic Sentiment | -30 | -32 |
EMU economic indicators - German ZEW economic sentiment is not likely to have continued improving in April by BHF−Bank
In April, the German ZEW economic sentiment is only likely to have stabilized. This is indicated by several factors. Both the US ISM manufacturing index and the ifo business expectations in the German business sector rose slightly in March. As a result of the increase in short and long−term interest rates, the German yield spread has improved, albeit not enough to compensate for its drop in the first half of March. The same applies to the DAX performance index. Furthermore, the crude oil price is still high and the euro has appreciated.
[ Full Story ]Top Market Movers Review
US BUSINESS INVENTORIES
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Apr 14 | 14:00 | Business Inventories | 0.6% | 0.5% | 0.9% |
DATA SNAP: US Inventories Up As Expected In February (Dow Jones)
U.S. business inventories grew robustly again in February, while demand plunged − a sign companies are getting stuck with unsold goods on their shelves as the economy sours.
[ Full Story ]- Read the Business Inventories data at Census Bureau
- US Business Inventories increase 0.6% in February (FXstreet.com)
- US Feb Business Inventories grow 0.6% (FXstreet.com)
- Table Of Data On Inventories From Commerce (Dow Jones)
US RETAIL SALES
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Apr 14 | 12:30 | Retail Sales ex Autos (MoM) | 0.1% | 0.2% | -0.1% |
| Apr 14 | 12:30 | Retail Sales (MoM) | 0.2% | 0.1% | -0.4% |
DATA SNAP: US Mar Retail Sales Rise Unexpectedly (Dow Jones)
U.S. retail sales took a surprising turn upward during March, a promising sign for the economy given the punishment consumers have absorbed. Retail sales increased by 0.2%, the Commerce Department said Monday. Sales went down a revised 0.4% in February. Sales that month were originally seen 0.6% lower.
[ Full Story ]- Read the Retail Sales data at Census Bureau
- Retail sales post modest gain in March (Thomson Financial News)
- US March retail sales rose 0.2 pct, up 0.1 pct excluding autos UPDATE (Thomson Financial News)
- REPEAT&CORRECT: Table Of Data On Retail Sales From Commerce (Dow Jones)
Forex Daily Analysis - 14/04/'08 − U.S. Retail Sales On Tap. by ForexYard
US economic indicators - March retail activity is likely to have remained weak apart from gasoline station sales by BHF−Bank
Forex Trading Strategies - US Retail Sales to Provide for Direction post G−7 Weekend by Saxo Bank
Economic Events
| Date (GMT) | Country | Event | Actual | Cons. | Previous | |
| Apr 14 | 12:30 | US | Retail Sales (MoM) (Mar) | 0.2% | 0.1% | -0.4% |
| 14:00 | US | Business Inventories (Feb) | 0.6% | 0.5% | 0.9% |
|
| 22:45 | NZ | Consumer Price Index (QoQ) (1Q) | 0.8% | 1.2% | ||
| 22:45 | NZ | Food Price Index (MoM) (Mar) | 0.8% | |||
| 23:01 | UK | BRC Retail Sales Monitor − All (YoY) (Mar) | 1.5% | |||
| 23:01 | UK | RICS House Price Balance (Mar) | -67.0% | -64.1% | ||
| Apr 15 | 04:00 | JP | Tokyo Condominium Sales (YoY) (Mar) | -28% | ||