Tuesday, Apr 22, 15:27 GMT
ASIA-PACIFIC Trading Newsletter
To Get Started
- Webinar videos: Determine Best Studies To Use In Establishing Trend Following Trading System by Don Wilcox
- EUR/USD hit a new record high at 15.00 GMT
- Europe Session Perfomance by FXstreet.com
- FOREX Training Video: London Session by Wayne McDonell
Note that our messages might be blocked by anti-spam filters so please add newsletter@fxstreet.com or our domain (fxstreet.com) to your address book.
Live Sessions Schedule
FX Instructor Live Trading Room
Expert: Mark De La Paz
Start: Wed, Apr 23, 09:00 GMT
Sponsored by: 
Type of Session: Webinar
Main Fundamental theme in the Currency market
Expert: Kathy Lien
Start: Wed, Apr 23, 13:00 GMT
Sponsored by: 
Type of Session: Webinar
| Sponsored by | ||||
| Tue, Apr 22, 15:00 GMT | Trading with Autochartist | Raghee Horner | WBN |  |
| Tue, Apr 22, 16:00 GMT | Buy and Sell−Stop Hedging Techniques  | Adam Rosen | WBN | |
| Tue, Apr 22, 17:00 GMT | Live Look at Today's Markets | Derek Frey | WBN |  |
| Wed, Apr 23, 09:00 GMT | FX Instructor Live Trading Room | Mark De La Paz | WBN | |
| Wed, Apr 23, 11:00 GMT | Common Break−Out Strategies | Adam Rosen | WBN | |
Current Session: U.S.
EUR/USD
Daily Technical Strategist − EURUSD: Reverses Its Losses, Sets To Retest The 1.5982 Level by FXTechstrategy
EURUSD: Following EUR's sharp sell off through the 1.5982 level (April 17'08 high) and the 1.5895/I 5912 area, its Mar 31'08/April 10'08 highs the past week, it reversed most of those losses on Monday and saw an early morning follow−through today. This development leaves the mentioned resistance levels vulnerable to being violated setting the stage for further higher prices towards the 1.6000 and the 1.6100 levels, its psycho levels ahead of its 1.618 Fib Ext at 1.6275 and next the 1.6465 level, which is the location of its ascending triangle price target.
- 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
Banks' Analysis
Technical Analysis: Currencies − CHF by Mizuho Corporate Bank
Currency Performance
Currency Performance Report − Europe Session Performance by FXstreet.com
Currencies at a Glance
- EUR/USD
- Back above opening price level 1.5911 , above pivot level 1.5883
04/22/2008 14:13 GMT - GBP/USD
- Back above pivot level 1.9868
04/22/2008 14:13 GMT - USD/CHF
- Back around opening price level 1.0087 , below pivot level 1.0118
04/22/2008 14:13 GMT - USD/JPY
- Stays below pivot level 103.44
04/22/2008 14:13 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 ABC CONSUMER CONFIDENCE
| Date (GMT) | Event | Cons. | Previous | |
| Apr 22 | 21:00 | ABC Consumer Confidence | - | -39 |
US economic indicators - Durable goods orders are not likely to have rebounded in March by BHF−Bank
We forecast that UMI's final April consumer sentiment will remain at its current level, which is a 26− year−low. As the graph shows, this would be in line with the level of the weekly ABC consumer comfort poll, which plummeted to –39 in the first third of April.
[ Full Story ]Top Market Movers Review
US EXISTING HOME SALES
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Apr 22 | 14:00 | Existing Home Sales | 4.93M | 4.92M | 5.03M |
| Apr 22 | 14:00 | Existing Home Sales (MoM) | -2.0% | -1.6% | 2.9% |
US Mar Existing Home Sales −2.0% To 4.93 Mln Rate (Dow Jones)
Existing−home sales fell during March after making a surprising climb in February. Home resales fell to a 4.93 million annual rate, a 2.0% decrease from February's unrevised 5.03 million annual pace, the National Association of Realtors said Tuesday.
[ Full Story ]- Read the Existing−home Sales data at NAR
- Table Of Data On Existing US Home Sales (Dow Jones)
- US March existing home sales down 2.0 pct to 4.93 mln vs 4.95 mln seen UPDATE (Thomson Financial News)
- CORRECT: US Feb Existing Home Sales 5.03M, Not 4.93M Rate (Dow Jones)
Daily Forex News - Traders await US housing data today; Dollar gains some ground by ACM − Advanced Currency Markets
Research US - US: Non−residential construction hits the wall by Danske Bank A/S
Daily Forex Technical Report − Focus on BoC Rate Cut and US Existing Home Sales by ActionForex.com
Canada BOC INTEREST RATE ANNOUNCEMENT
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Apr 22 | 13:00 | BoC Interest Rate Announcement | 3.0% | 3.0% | 3.5% |
The Bank of Canada cots its overnight rate by 50Bps to 3.0% (FXstreet.com)
The Bank of Canada announced today that it has cut its main interest rate by half percentage point to 3.0%, the Bank Rate is now at 3.25%.
[ Full Story ]- Read the Interest Rate Press Release at BOC
- Bank of Canada cuts key rate by 50 basis points to 3.00 percent UPDATE (Thomson Financial News)
- Canada Morning: C$ Down, But Off Lows, After BOC Rate Cut (Dow Jones)
- UDPATE: Canada Dollar Slumps After BOC Rate Cut: USD At C$1.0110 (Dow Jones)
Mid−Day Forex Technical Report − Euro at New Record High, BoC Cut 50bps by ActionForex.com
Daily Forex Technical Report − Focus on BoC Rate Cut and US Existing Home Sales by ActionForex.com
Forex Trading Strategies - Key Bank of Canada decision on tap today by Saxo Bank
Economic Events
| Date (GMT) | Country | Event | Actual | Cons. | Previous | |
| Apr 22 | 14:00 | US | Housing Price Index MoM (1Q) | 0.6 | -1.5 | -1.1 |
| 14:00 | US | Housing Price Index YoY (1Q) | -2.4% | -0.3% | ||
| 21:00 | US | ABC Consumer Confidence (Apr 20) | -39 | |||
| 23:50 | JP | Adjusted Merchandise Trade Balance (Mar) | ¥890.0B | ¥598.4B | ||
| 23:50 | JP | Merchandise Trade Balance Total (Mar) | ¥1405B | ¥970B | ||
| Apr 23 | 01:30 | AU | Consumer Price Index (QoQ) (1Q) | 0.9% | ||
| 01:30 | AU | Consumer Price Index (YoY) (1Q) | 3% | |||