Monday, Apr 06, 15:59 GMT
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Forex Blogs
FX Path: GBP/USD − Rejected Near Resistance by James Chen
Price action on GBP/USD as of Monday (4/06/2009) morning has been rejected around the key resistance imposed by the already double−tested price region just below 1.5.
Trading for a Living: HD Video review. London Open 06 04 2009 by David Aranzabal
CEO's Weblog: Learning Center - Can we get your feed-back? by Francesc Riverola
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| Tue, Apr 7, 14:00 GMT | The Weather Report: Ichimoku Cloud Trading | Chris Capre | WBN | |
Current Session: U.S.
Focus remains on the 99.70 yen
Finotec Group Inc. − Focus remains on the 99.70 yen early March 09 high (intraday high at 100.15), which remains the weekly close barrier to a 100.55/101.65 extension of the intermonth uptrend. Support 98.70 (initial 99.45/10) underpins price from an interday perspective
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EUR/USD
Daily Analysis − Indicators suggest further downside bias in the pair by FXstreet.com
Hourly charts turned bearish pre Wall Street opening, and the pair is correction bigger time frames over bought state. Indicators suggest further downside bias in the pair.
GBP/USD
Technical Research − Rapid ascent towards the highly psychological 1.50 area by FastBrokersFX
Fundamentally, we find resistance of 1.4946 with additional resistances hanging at 1.4987, 1.5025, 1.5065 and 1.5111. The 1.50 level serves as a key psychological barrier while the 1.45 area acts as a psychological cushion.
Analyst Sentiment Index (ASI)
Analysts Sentiment Index - EUR/USD
**Source : ActionForex.com, CMS Forex, Danske Bank A/S, FXstreet.com, i-knowindices.com, Mizuho Corporate Bank, MolFX - Management
[ View ASI page ] [ View EUR/USD page ]
Charting the Market Movers
GBP USD, Hourly
EUR USD, Hourly
Top Market Movers Preview
UK INDUSTRIAL PRODUCTION
| Date (GMT) | Event | Cons. | Previous | |
| Apr 7 | 08:30 | Industrial Production (MoM) | -1.1% | -2.6% |
| Apr 7 | 08:30 | Manufacturing Production (MoM) | -1.4% | -2.9% |
| Apr 7 | 08:30 | Manufacturing Production (YoY) | -14.2% | -12.8% |
| Apr 7 | 08:30 | Industrial Production (YoY) | -12.5% | -11.4% |
Friday Notes - UK, Industrial Production, manufacturing activity deep in recession by UniCredit Group
Surveys of manufacturing activity showed so far in Q1 that the pace of output contraction is likely to be similar to the one seen in Q4. Despite the ups and downs over the last few months, the manufacturing PMI was in line with Q4, while the Confederation of British Industries figure hit a new low.
[ Full Story ]Top Market Movers Review
Canada BUILDING PERMITS
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Apr 6 | 12:30 | Building Permits (MoM) | -15.9% | -3.6% | -6.0% |
USD/CAD: Dollar strengthens after building permits; USD, above 1.2350 (FXstreet.com)
Canadian Dollars' recovery from 1.2710 level reached on seems to have found a bottom at 1.2225 level on early European session, and ever since the U.S. Dollar has rallied past resistance at 1.2340 resistance level, reaching 1.2390 after the release of Canadian building permits' figures.
[ Full Story ]- Read the Building Permits data at Statistics Canada
- Canadian Building Permits Plunge Nearly 16% in February (CEP News)
- Canada Building Permits fall 15.9% vs −3.9% (FXstreet.com)
Economic Events
| Date (GMT) | Country | Event | Actual | Cons. | Previous | |
| Apr 6 | 12:30 | CA | Building Permits (MoM) | -15.9% | -3.6% | -6.0% |
| 14:00 | CA | Ivey Purchasing Managers Index | 43.2 | 46.7 | 45.2 | |
| 22:00 | NZ | NZIER Business Confidence | -64 | |||
| Apr 7 | 03:30 | JP | BoJ Interest Rate Decision (Apr 7) | 0.1% | 0.1% | |
| 04:30 | AU | RBA Interest Rate Decision (Apr 7) | 3.25% | 3.25% | ||
| 08:30 | UK | Industrial Production (MoM) (Feb) | -1.1% | -2.6% | ||
| 08:30 | UK | Industrial Production (YoY) (Feb) | -12.5% | -11.4% | ||