Monday, Apr 21, 15:53 GMT
ASIA-PACIFIC Trading Newsletter
To Get Started
- Webinar videos: Determine Best Studies To Use In Establishing Trend Following Trading System by Don Wilcox
- Europe Session Performance by FXstreet.com
- FOREX Training Video: London Session by Wayne McDonell
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Live Sessions Schedule
Outlook for the major currencies this week
Expert: Ian Copsey
Start: Tue, Apr 22, 08:00 GMT
Sponsored by: 
Type of Session: Webinar
Trading with Autochartist
Expert: Raghee Horner
Start: Tue, Apr 22, 15:00 GMT
Type of Session: Webinar
| Sponsored by | ||||
| Mon, Apr 21, 16:00 GMT | Buy and Sell−Stop Hedging Techniques  | Adam Rosen | WBN |  |
| Tue, Apr 22, 08:00 GMT | Outlook for the major currencies this week | Ian Copsey | WBN | |
| Tue, Apr 22, 10:00 GMT | Trading the AUD, NZD and their Crosses | Chris Capre | WBN | |
| Tue, Apr 22, 11:00 GMT | FX Instructor Live Trading Room | Mark De La Paz | WBN |  |
| Tue, Apr 22, 15:00 GMT | Trading with Autochartist | Raghee Horner | WBN | |
Current Session: U.S.
GBP/USD
Technical Summary for Majors − Break above 1.9841 has completed the bullish formation by Windsor Brokers Ltd
Rallied from 1.9361, 20 Feb low, to reach 2.0390/99 peaks on 13/14 Mar before choppy decline reached 1.9600 on 16/16 Apr. This formed a descending wedge and break above 1.9841 has completed the bullish formation. Double base also evident on break of 1.9892, and break through 2.0000, 50% retracement of 2.0396/1.9600 decline, has so far reached 2.0024, ahead of sharp sell−off. Losses so far tested 1.9809, just ahead of 1.9806, 16 Apr high. To keeps short−term bulls in play, 1.9806/09 needs to hold, otherwise, loss of the latter will open 1.9690.
- Longer−term Support and Resistance Trading: Setups and Rules by Rob Booker, Currency Analyst Piptopia
- Check out how pairs moved: Live Currency Rates & Charts
- Follow up the most relevant Economic Data in the new Real Time Economic Calendar
Weekly Analysis
Weekly Technical Commentary − EUR/USD: Another new record high at 1.5985 by Mizuho Corporate Bank
Currency Performance
Currency Performance Report − Europe Session Performance by FXstreet.com
Currencies at a Glance
- EUR/USD
- Moves up towards first resistant level 1.5939
04/21/2008 14:05 GMT - GBP/USD
- Back around first support level 1.9886
04/21/2008 14:05 GMT - USD/CHF
- Moves down toward first support level 1.0055
04/21/2008 14:05 GMT - USD/JPY
- Moves down below pivot level 103.53
04/21/2008 14:05 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
US EXISTING HOME SALES
| Date (GMT) | Event | Cons. | Previous | |
| Apr 22 | 14:00 | Existing Home Sales | 4.92M | 5.03M |
| Apr 22 | 14:00 | Existing Home Sales (MoM) | -1.6% | 2.9% |
Friday Notes - Germany can't dance alone forever by HVB Group
The underlying situation is not healthy, and sellers are being compelled to cut prices substantially. However, industry sources suggest that sales of existing homes would have been even worse but are being lifted somewhat by transactions associated with foreclosed properties. (For example, in San Diego CA, hard hit by the subprime crisis, over a third of home sales this year involve foreclosures, up from just 5% a year ago).
[ Full Story ]- HIGHLIGHTS Outlook of US economic indicators to be released in the coming week (Thomson Financial News)
Top Market Movers Review
Canada CANADIAN INVESTMENT IN FOREIGN SECURITIES
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Apr 21 | 12:30 | Foreign investment in Canadian securities | $3.08B | - | $916.00M |
| Apr 21 | 12:30 | Canadian Investment in Foreign Securities | -$6.14B | - | -$232.00M |
Canada's international securities transactions bounce up in February (FXstreet.com)
Canadians have increased sharply the volume of investment in foreign securities in February, while non residents have acquired the largest amount of Canadian securities since April 2007, according to data released by Statcan.
[ Full Story ]- Read the Canada's international transactions in securities data at Statistics Canada
- Canada Morning: C$ Up Slightly On Oil, Broader USD Weakness (Dow Jones)
- Foreign investment in Canadian securities increases to C$3.80B; Canadians bought C$6.143B of foreign securities (FXstreet.com)
Economic Events
| Date (GMT) | Country | Event | Actual | Cons. | Previous | |
| Apr 21 | 12:30 | CA | Canadian Investment in Foreign Securities (Feb) | $-6.14B | -$232.00M |
|
| 12:30 | CA | Foreign investment in Canadian securities (Feb) | $3.08B | $916.00M | ||
| Apr 22 | 06:15 | CH | Trade Balance (Mar) | 0.70B | 1.55B | |
| 13:00 | CA | BoC Interest Rate Announcement | 3.0% | 3.5% | ||
| 14:00 | US | Existing Home Sales (Mar) | 4.92M | 5.03M | ||
| 14:00 | US | Existing Home Sales (MoM) (Mar) | -1.6% | 2.9% | ||
| 14:00 | US | Housing Price Index Q/Q (1Q) | -1.5 | -1.1 | ||