Friday, Apr 25, 15:25 GMT
ASIA-PACIFIC Trading Newsletter
To Get Started
- Webinar videos: Stocks for currency traders by John Jagerson
- Chart of the Week: Technical believers by FXstreet.com
- Forex Services: Day trading resources
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Live Sessions Schedule
Understand & Use Fibonacci Ratio's Effectively
Expert: Sunil Mangwani
Start: Mon, Apr 28, 10:00 GMT
Sponsored by: 
Type of Session: Webinar
Weekly Webinar: 1st on Forex − The Week Ahead
Expert: Jerry Furst
Start: Mon, Apr 28, 11:00 GMT
Sponsored by: 
Type of Session: Webinar
| Sponsored by | ||||
| Fri, Apr 25, 15:00 GMT | Fibonacci Friday | Andrei Pehar | WBN |  |
| Mon, Apr 28, 10:00 GMT | Understand & Use Fibonacci Ratio's Effectively | Sunil Mangwani | WBN | |
| Mon, Apr 28, 11:00 GMT | Weekly Webinar: 1st on Forex − The Week Ahead | Jerry Furst | WBN | |
| Mon, Apr 28, 12:00 GMT | US Pre−Market Open  | Ed Ponsi | WBN | |
| Mon, Apr 28, 13:30 GMT | US Session Open | Ed Ponsi | WBN | |
Current Session: U.S.
USD/CHF
FX Thoughts for the Day− USD−CHF has seen a high of 1.0433 today by Kshitij Consultancy Service
USD−CHF has seen a high of 1.0433 today. Further rally in the day seems difficult as the pair has a stiff Resistance at 1.0440. It has retraced after registering a high of 1.0433 in the day. Support from here is seen at 1.0350. A break past it could result in a corrective dip to 1.0300.
The pair is likely to stay in the range of 1.0300−1.0450 for the day. With this up move in the Swiss, past 1.0400, our weekly expectation of 1.04 on the pair has also proved correct.
- Using Fibonacci levels to project price targets and timing by John Jagerson, Founder Profiting With Forex
- 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
Chart of the Week − The the EUR/JPY daily chart shows a great down trendline by FXstreet.com
Currency Performance
Currency Performance Report − Europe Session Performance by FXstreet.com
Currencies at a Glance
- EUR/USD
- Trades around first support level 1.5584
04/25/2008 14:01 GMT - GBP/USD
- Moves up back above second resistant level 1.9878
04/25/2008 14:01 GMT - USD/CHF
- Trades above opening price level 1.0355 , above pivot level 1.0293
04/25/2008 14:01 GMT - USD/JPY
- Trades above opening price level 104.25 , above pivot level 104.04
04/25/2008 14:01 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 GFK CONSUMER CONFIDENCE SURVEY
| Date (GMT) | Event | Cons. | Previous | |
| Apr 28 | 06:10 | Gfk Consumer Confidence Survey | - | 4.6 |
Friday Notes - ECB rate cuts – merely postponed! by HVB Group
Consumer sentiment has basically been treading water since November of last year. High inflation and mounting growth fears are neutralizing the solid development on the labor market. The high wage settlements this year have, however, recently triggered a recovery in income expectations. This probably also continued in April. All in all, we expect the consumer climate to post a slight increase despite the renewed rise in the inflation rate in March.
[ Full Story ]Top Market Movers Review
US REUTERS/MICHIGAN CONSUMER SENTIMENT INDEX
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Apr 25 | 14:00 | Reuters/Michigan Consumer Sentiment Index | 62.6 | 63.5 | 69.5 |
Reuters/Univ Michigan End−Apr Sentiment 62.6; Mar 69.5 (Dow Jones)
U.S. consumer confidence levels fell in April to their lowest reading since March 1982, according to a report Friday. The Reuters/University of Michigan consumer sentiment survey for all of April saw the overall index move to 62.6, from 69.5 in March.
[ Full Story ]- Read the report: Confidence Sinks to Quarter Century Low at Reuters
- US late April Reuters/Michigan consumer sentiment falls to 62.6 vs 63.2 expected (Thomson Financial News)
- U.S. stocks turn broadly lower as consumer sentiment data disappoints (Thomson Financial News)
- US Reuters/U. Michigan Consumer Sentiment Index drops to 25 year low in April (FXstreet.com)
Economic Events
| Date (GMT) | Country | Event | Actual | Cons. | Previous | |
| Apr 25 | 14:00 | US | Reuters/Michigan Consumer Sentiment Index (Apr) | 62.6 | 63.5 | 69.5 |
| Apr 27 | 23:15 | JP | Nomura/ JMMA Manufacturing Puchasing Manager Index (Apr) | 49.5 | ||
| 23:50 | JP | Large Retailer's Sales (Mar) | 1.3% | |||
| 23:50 | JP | Retail Trade (YoY) (Mar) | 3.1% | |||
| 23:50 | JP | Retail Trade s.a (MoM) (Mar) | -1% | |||
| Apr 28 | 06:10 | DE | Gfk Consumer Confidence Survey (Mar) | 4.6 | ||
| 07:00 | EMU | ECB Trichet's Speech | ||||