Thursday, Apr 24, 15:38 GMT
ASIA-PACIFIC Trading Newsletter
To Get Started
- Webinar videos: MONTHLY WEBINAR: Conversations with a Pro Trader - Part I by Andrei Pehar
- USD/CHF has moved above the 1.0300 level
- Forex Services: Day trading resources
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Live Sessions Schedule
Live Look at Today's Markets
Expert: Derek Frey
Start: Thu, Apr 24, 17:00 GMT
Sponsored by: 
Type of Session: Webinar
The Forex Basic Training Program − Chapter II
Expert: Wayne McDonell
Start: Fri, Apr 25, 08:00 GMT
Type of Session: Webinar
| Sponsored by | ||||
| Thu, Apr 24, 16:00 GMT | The Day Trading Coach − Tips, Tricks and Strategies for Day Traders  | Markus Heitkoetter | WBN |  |
| Thu, Apr 24, 17:00 GMT | Live Look at Today's Markets | Derek Frey | WBN | |
| Fri, Apr 25, 08:00 GMT | The Forex Basic Training Program − Chapter II | Wayne McDonell | WBN | |
| Fri, Apr 25, 10:00 GMT | Advanced APF Methods To Determine The Price Momentum | Sunil Mangwani | WBN |  |
| Fri, Apr 25, 12:00 GMT | Momentum and SMA 20: Alexander Elder Technique explained | Valeria Bednarik | WBN | |
Current Session: U.S.
USD/CHF
Mid−Day Forex Technical Report − Dollar Firm Despite Mixed Data, Euro Pressured Broadly by ActionForex.com
USD/CHF climbs further to as high as 1.0328 today and at this point, intraday bias remains on the upside as long as 1.0235 minor support holds. The corrective rebound from 0.9634 is expected to extend further to test 1.0352 resistance zone before completion. On the downside, below 1.0235 will turn intraday bias neutral first. But still, break of 0.9995 support is needed to indicate rise from 0.9634 has completed. Otherwise, another rise is still mildly in favor even after deep pull back.
- 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
Currency Performance
Currency Performance Report − Europe Session Performance by FXstreet.com
FX Analysts' Comments
This week's Chart Pattern Trading webinar (4/22) by Raghee Horner, Founder of EZ2Trade Software
Currencies at a Glance
- EUR/USD
- Continues to move down below second support level 1.5775
04/24/2008 14:05 GMT - GBP/USD
- Trades below opening price level 1.9804 , below pivot level 1.9849
04/24/2008 14:05 GMT - USD/CHF
- Continues to move up above second resistant level 1.0264
04/24/2008 14:05 GMT - USD/JPY
- Back above opening price level 103.37 , above pivot level 103.30
04/24/2008 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
EMU M3
| Date (GMT) | Event | Cons. | Previous | |
| Apr 25 | 08:00 | M3 (YoY) | 10.6% | 11.3% |
EMU economic indicators - M3 growth probably slowed down to 10.3% yoy in March by BHF−Bank
M3 has been growing at a more leisurely pace for several months now. After having peaked at 12.4% in November, the annual growth rate fell to 11.3% in February, and is likely to have slipped by a further percentage point to 10.3% in March.
[ Full Story ]Top Market Movers Review
US NEW HOME SALES
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Apr 24 | 14:00 | New Home Sales | 526K | 584 | 575K |
| Apr 24 | 14:00 | New Home Sales (MoM) | -8.5% | -1.0% | -5.3% |
DATA SNAP:US New Home Sales Slide To 17−Year Low; Prospects Dim (Dow Jones)
U.S. new−home sales slid further in March to their lowest level since 1991 while the supply of homes for sale soared to nearly a three−decade high, suggesting little prospect of any near−term turnaround.
[ Full Story ]- Read the New Home Sales data at Commerce Department
- U.S. stocks turn broadly lower after disappointing new home sales data (Thomson Financial News)
- U.S. March new home sales down to 526,000 annual rate, 13−year low (Thomson Financial News)
- US New home sales plunge in March (FXstreet.com)
Daily Global Commentary - Bearish News about Nonresidential Construction by Northern Trust
US DURABLE GOODS ORDERS
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Apr 24 | 12:30 | Durable Goods Orders | -0.3% | 0.1% | -0.9% |
| Apr 24 | 12:30 | Durable Goods Orders ex Transportation | 1.5% | 0.5% | -2.6% |
DATA SNAP: US Durable Goods Drop Signals Ongoing Manufacturing Slump (Dow Jones)
Demand for big−ticket items in the U.S. unexpectedly declined for a third−straight month in March, a government report showed, suggesting no end in sight yet for the downturn gripping the manufacturing sector and broader economy.
[ Full Story ]- Read the Durable Goods Orders data at Census Bureau
- US March durable goods orders down 0.3 pct, ex−transportation up 1.5 pct UPDATE (Thomson Financial News)
- Euro Continues To Get Thrashed Vs Dollar After US Data (Dow Jones)
- US March durable goods orders down 0.3 pct, ex−transportation up 1.5 pct (Thomson Financial News)
EMU economic indicators - M3 growth probably slowed down to 10.3% yoy in March by BHF−Bank
Economic Events
| Date (GMT) | Country | Event | Actual | Cons. | Previous | |
| Apr 24 | 14:00 | EMU | ECB Stark's speech | |||
| 14:30 | CA | Bank of Canada Monetary Policy Report | ||||
| 23:30 | JP | National CPI Ex−Fresh Food (YoY) (Mar) | 1.2% | 1.0% | ||
| 23:50 | JP | National Consumer Price Index (YoY) (Mar) | 1.2% | 1.0% | ||
| 23:50 | JP | National CPI Ex Food, Energy (YoY) (Mar) | 0.0% | -0.1% | ||
| 23:50 | JP | Tokyo CPI ex Food, Energy (YoY) (Apr) | 0.1% | 0.1% | ||
| 23:50 | JP | Tokyo CPI ex Fresh Food (YoY) (Apr) | 0.5% | 0.6% | ||