Thursday, Apr 17, 16:00 GMT
ASIA-PACIFIC Trading Newsletter
To Get Started
- Webinar videos: Forex Mysteries Revealed by S. Wade Hansen
- Europe Session Performance by FXstreet.com
- Check US Dollar against other currencies
- Top Market Movers Preview at the Fundamental section
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Live Sessions Schedule
Fibonacci Friday
Expert: Andrei Pehar
Start: Fri, Apr 18, 15:00 GMT
Type of Session: Webinar
Understand & Use Fibonacci Ratio's Effectively
Expert: Sunil Mangwani
Start: Mon, Apr 21, 10:00 GMT
Sponsored by: 
Type of Session: Webinar
| Sponsored by | ||||
| Thu, Apr 17, 15:00 GMT | MONTHLY WEBINAR: Conversations with a Pro Trader − Part II  | Andrei Pehar | WBN |  |
| Fri, Apr 18, 10:00 GMT | Advanced APF Methods To Determine The Price Momentum | Sunil Mangwani | WBN | |
| Fri, Apr 18, 15:00 GMT | Fibonacci Friday | Andrei Pehar | WBN | |
| Mon, Apr 21, 10:00 GMT | Understand & Use Fibonacci Ratio's Effectively | Sunil Mangwani | WBN | |
| Mon, Apr 21, 11:00 GMT | Weekly Webinar: 1st on Forex − The Week Ahead | Jerry Furst | WBN |  |
Current Session: U.S.
USD/JPY
Mid−Day Forex Technical Report − EUR/USD Still Limited Below 1.6 by ActionForex.com
USD/JPY strengthens further today and the break of 102.25 minor resistance argues that rebound from 95.77 is going to extend further. Nevertheless, as discussed before, decisive break of 103.59 resistance zone is still needed to indicate underlying upside momentum is still strong, otherwise, corrective rebound from 95.77 is still expected to end soon, if not completed and bring resumption of recent down trend.
- Longer−term Support and Resistance Trading: Setups and Rules by Rob Booker, Founder and Host TraderRadio.net
- 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 Technical Outlook − Another corrective leg up in the USD may be starting by Global Market Research, Inc. (GMR)
Banks' Analysis
Forex Trading Strategies − Fourth time lucky charm in EURUSD by Saxo Bank
Currencies at a Glance
- EUR/USD
- Drops below pivot level 1.5894
04/17/2008 13:52 GMT - GBP/USD
- Trades below first resistant level 1.9817
04/17/2008 13:52 GMT - USD/CHF
- Moves up toward first resistant level 1.0094
04/17/2008 13:52 GMT - USD/JPY
- Moves up toward first resistant level 102.23
04/17/2008 13:52 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 PRODUCER PRICE INDEX
| Date (GMT) | Event | Cons. | Previous | |
| Apr 18 | 06:00 | Producer Price Index (YoY) | 4.0% | 3.8% |
| Apr 18 | 06:00 | Producer Price Index (MoM) | 0.5% | 0.7% |
Daily Technical Strategist - EURUSD: Erodes The 1.5895/1.5912 zone, Turns Attention On The 1.6000 and Beyond by FXTechstrategy
EUR eroded its 2008 highs at 1.5895/1.5912 triggering the resumption of its MT/LT uptrend and activating its triangle pattern on Wednesday. This development has now opened up risk for a push targeting the 1.6000 and the 1.6100 levels, its psycho levels followed by its 1.618 Fib Ext at 1.6275 and then the 1.6465 level, which is the location of its ascending triangle price target.
[ Full Story ]Top Market Movers Review
US PHILADELPHIA FED MANUFACTURING SURVEY
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Apr 17 | 14:00 | Philadelphia Fed Manufacturing Survey | -24.9 | -15.0 | -17.4 |
US Philadelphia Fed manufacturing index drops further in April (FXstreet.com)
Activity in the Philadelphia region's manufacturing sector has decreased further in April, with indexes for activity, shipments, new orders, and employment showing negative figures, although future indicators showed a somewhat brighter landscape, according to the latest Business Outlook Survey.
[ Full Story ]- Read the report: Manufacturers Report Continued Weakness at Federal Reserve Bank of Philadelphia
- CORRECT: Phila Fed Index Expected −15.0 In Apr, Not Mar (Dow Jones)
- UPDATE: DATA SNAP/Philadelphia Fed: April Sees Contraction (Dow Jones)
- DATA SNAP/Philadelphia Fed: Apr Factory Growth Contracts More (Dow Jones)
US LEADING INDICATORS
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Apr 17 | 14:00 | Leading Indicators (MoM) | 0.1% | 0.1% | -0.3% |
US Conference Board: Mar Leading Index +0.1% (Dow Jones)
An index intended to show the U.S. economy's future direction rose 0.1% in March, the first increase after five consecutive months of declines, according to preliminary estimates by the Conference Board.
[ Full Story ]- Read the Leading Indicators data at Conference Board
- Leading economic indicators up slightly (Thomson Financial News)
- Leading economic indicators rise after 5 months of declines (Thomson Financial News)
- Leading economic indicators up slightly (Thomson Financial News)
US economic indicators - March retail activity is likely to have remained weak apart from gasoline station sales by BHF−Bank
Economic Events
| Date (GMT) | Country | Event | Actual | Cons. | Previous | |
| Apr 17 | 14:00 | US | Leading Indicators (MoM) (Mar) | 0.1% | 0.1% | -0.3% |
| 14:00 | US | Philadelphia Fed Manufacturing Survey (Apr) | -24.9 | -15.0 | -17.4 | |
| Apr 18 | 01:30 | AU | Export Price Index (QoQ) (1Q) | 3.0% | -0.6% | |
| 01:30 | AU | Import Price Index (QoQ) (1Q) | 0.5% | 0.2% | ||
| 05:00 | JP | Consumer Confidence (Mar) | 36.4 | |||
| 05:00 | JP | Consumer Confidence Households (Mar) | 36.1 | |||
| 06:00 | DE | Producer Price Index (MoM) (Mar) | 0.5% | 0.7% | ||