Wednesday, Apr 23, 16:04 GMT
ASIA-PACIFIC Trading Newsletter
To Get Started
- Webinar videos: MONTHLY WEBINAR: Conversations with a Pro Trader - Part I by Andrei Pehar
- Europe Session Performance by FXstreet.com
- Technical Analysis − Current Session: U.S
- New press release in the Brokers/FDMs Section
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Live Sessions Schedule
Live Look at Today's Markets
Expert: Derek Frey
Start: Wed, Apr 23, 17:00 GMT
Sponsored by: 
Type of Session: Webinar
How to Get Started Trading Forex
Expert: Steve Primo
Start: Thu, Apr 24, 15:00 GMT
Type of Session: Webinar
| Sponsored by | ||||
| Wed, Apr 23, 16:00 GMT | Main Fundamental theme in the Currency market | Kathy Lien | WBN |  |
| Wed, Apr 23, 17:00 GMT | Live Look at Today's Markets | Derek Frey | WBN | |
| Thu, Apr 24, 09:00 GMT | Tracking the forex market together / Part I  | Dr.S.Sivaraman | WBN |  |
| Thu, Apr 24, 11:00 GMT | FX Instructor Live Trading Room | Mark De La Paz | WBN |  |
| Thu, Apr 24, 14:00 GMT | Tracking the forex market together / Part II | Dr.S.Sivaraman | WBN | |
Current Session: U.S.
USD/CAD
Mid−Day Forex Technical Report − CAD Sold off after Retail Sales, EUR Retreats Further by ActionForex.com
USD/CAD's rebound from 0.9987 extends further to as high as 1.0206 today. Break of 1.0161 resistance indicates that fall from 1.0273 has completed. Also, it suggests that price actions from 1.0326 should be consolidation to rise from 0.9709 only and has completed with three waves down to 0.9987. At this point, further rally should be seen to 1.0326 resistance and then 1.0378 resistance. Meanwhile, on the downside below 1.0058 is needed to revive the case that fall from 1.0326 is still in progress.
- 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
KBC Alert − EUR= (1.5960) Trying to extend above channel top off Aug 2007 by KBC Bank
Currency Performance
Currency Performance Report − Europe Session Performance by FXstreet.com
Currencies at a Glance
- EUR/USD
- Stays above pivot level 1.5948
04/23/2008 14:17 GMT - GBP/USD
- Back below pivot level 1.9898
04/23/2008 14:17 GMT - USD/CHF
- Trades around pivot level 1.0053
04/23/2008 14:17 GMT - USD/JPY
- Moves down towards first support level 102.62
04/23/2008 14:17 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
EMU IFO − EXPECTATIONS
| Date (GMT) | Event | Cons. | Previous | |
| Apr 24 | 08:00 | IFO − Business Climate | 104.3 | 104.8 |
| Apr 24 | 08:00 | IFO − Expectations | 98.0 | 98.4 |
EMU economic indicators - M3 growth probably slowed down to 10.3% yoy in March by BHF−Bank
In April, the German ifo business climate index is likely to have deteriorated. The US ISM manufacturing index rose slightly in March, but the German ZEW economic sentiment has dropped in April. As a result of the increase in short and long−term interest rates, the German yield spread has improved, but not enough to compensate for its drop in the first half of March.
[ Full Story ]Top Market Movers Review
Canada RETAIL SALES
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Apr 23 | 12:30 | Retail Sales (MoM) | -0.7% | 0.3% | 1.5% |
| Apr 23 | 12:30 | Retail Sales ex Autos (MoM) | -0.3% | 0.5% | 1.3% |
Mid−Day Forex Technical Report − CAD Sold off after Retail Sales, EUR Retreats Further by ActionForex.com
Canadian dollar is sold off sharply in early US session after surprisingly weak Fed retail sales report. Headline sales unexpected dropped −0.7% while ex−auto sales dropped −0.3%. The data is much weaker than expectation of 0.1% and 0.4%.
[ Full Story ]- Read the Retail trade data at Statistics Canada
- Canada Morning: C$ Dn On Weak Retail Sales Data, USD Rebound (Dow Jones)
- Forex − Canadian dollar drops after retail sales data unexpectedly weakens (Thomson Financial News)
- Canadian Feb retail sales down monthly 0.7 percent, down 0.3 ex−autos UPDATE (Thomson Financial News)
Economic Events
| Date (GMT) | Country | Event | Actual | Cons. | Previous | |
| Apr 23 | 12:30 | CA | Retail Sales (MoM) (Feb) | -0.7% | 0.3% | 1.5% |
| 14:30 | US | EIA Crude Oil Stocks change (Apr 19) | 2.4M | -2.3M | ||
| 21:00 | NZ | RBNZ Interest Rate Decision | 8.25% | 8.25% | ||
| 23:50 | JP | All Industry Activity Index (MoM) (Feb) | -0.5% | 0.0% | ||
| 23:50 | JP | Corporate Service Price (YoY) (Mar) | 0.7% | 0.7% | ||
| Apr 24 | 07:00 | UK | Nationwide Housing Prices n.s.a (YoY) (Apr) | 1.1% | ||
| 07:00 | UK | Nationwide Housing Prices s.a (MoM) (Apr) | -0.6% | |||