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Forex Blogs
The Advisor Weblog: Eur/Usd technical perspective for today by Valeria Bednarik
The pair remains bearish in 4 hours charts, although 200 EMA has hold the downside, once again. Close to oversold, yet with no signs of upside strength, a move under the 1.3205 zone will send the pair back down to today's low at 1.3147.
Trading for a living: HD Video review. London Open 08/04/2009 by David Aranzabal
Forex Trading Today: EUR/USD and USD/CHF Look to Re-Position Soon on Corrective Sentiment by Tim Salem (CVJ)
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Live Sessions Schedule
Live Look at Today's Markets
Expert: Derek Frey
Start: Wed, Apr 8, 17:00 GMT
Sponsored by: 
Type of Session: Webinar
Tracking the forex market together / Part I − Free Access Day
Expert: Dr.S.Sivaraman
Start: Thu, Apr 9, 09:00 GMT
Type of Session: Webinar
| Sponsored by | ||||
| Wed, Apr 8, 15:00 GMT | Position sizing and money management | John Jagerson | WBN |  |
| Wed, Apr 8, 16:00 GMT | Institutional Trading Strategies  | Andrei Pehar | WBN | |
| Wed, Apr 8, 17:00 GMT | Live Look at Today's Markets | Derek Frey | WBN | |
| Thu, Apr 9, 09:00 GMT | Tracking the forex market together / Part I − Free Access Day | Dr.S.Sivaraman | WBN | |
| Thu, Apr 9, 10:15 GMT | Canada Employment Rate: Navigating the news in real time − Free Access Day | Dustin Pass | WBN | |
Current Session: U.S.
Despite a test of the 99.50, the pair recoup the bullish bias
FXstreet.com −Despite an early test of the 99.50 static support zone, the pair quickly recoup the bullish bias. Hourly indicators are giving signs of further upside continuation, at least to next tough resistance zone around 100.70. Price above the 20 SMA supports the view, while 200 EMA remains as dynamic support around the mentioned 99.50.
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EUR/USD
USD − USD Regains Lost Momentum from Under−Performing Stock Market by ForexYard
The USD has begun a moderate rally these past two days, starting from as high as 1.3575 against the EUR, the greenback is now trading near the 1.3175 price level.
GBP/USD
Currency Majors Technical Analysis − There is an horizontal range between 1,4645 and 1,4760 by Mataf.net
1,4723. There is an horizontal range between 1,4645 and 1,4760. Support and resistance are given by Bollinger bands. GBP USD moves without trend and swings around exponential moving averages (EMA 50 and 100).
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
Germany INDUSTRIAL PRODUCTION S.A.
| Date (GMT) | Event | Cons. | Previous | |
| Apr 9 | 10:00 | Industrial Production s.a. (MoM) | -2.9% | -7.5% |
| Apr 9 | 10:00 | Industrial Production s.a. w.d.a. (YoY) | -21.7% | -19.3% |
Friday Notes - A further strong decline in industrial production is expected by UniCredit Group
The ongoing massive decline in demand as well as the spike in announcements of short−time work point to a further strong decline in industrial production following the slump in the preceding months. The cold winter weather also argues for a weak reading in February.
[ Full Story ]Top Market Movers Review
US WHOLESALE INVENTORIES
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Apr 8 | 14:00 | Wholesale Inventories | -1.5% | -0.6% | -0.7% |
DATA SNAP: US Wholesale Inventories Down More Than Seen (Dow Jones)
U.S. wholesale inventories in February fell by the most ever even as sales rose modestly, according to a report that suggested businesses were getting control of their stocks of goods.
[ Full Story ]- Read the official data at US Census Bureau
- US Wholesale Inventories decline 1.5% in Feb; −0.6% expected (FXstreet.com)
Canada HOUSING STARTS S.A
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Apr 8 | 12:15 | Housing Starts s.a (YoY) | 154.7K | 131.0K | 134.6K |
USD/CAD: Dollar falls below 1.2330 support after better than expected housing starts (FXstreet.com)
The Canadian Dollar has gained about 70 pips after Canadian housing starts were released to have increased 13.7% in March; USD/CAD has dropped from levels around 1.2380 before housing data to levels right below 1.2330 shortly after housing figures were released.
[ Full Story ]- Read the official data at Canadian Mortgage and Housing Corporation
- Canada Mar Housing Starts s.a increase 13.7% to 154.7K annual in Mar (FXstreet.com)
Economic Events
| Date (GMT) | Country | Event | Actual | Cons. | Previous | |
| Apr 8 | 12:15 | CA | Housing Starts s.a (YoY) (Mar) | 154.7K | 131.0K | 134.6K |
| 14:00 | US | Wholesale Inventories (Feb) | -1.5% | -0.6% | -0.7% | |
| 18:00 | US | FOMC Minutes (Apr 17) | ||||
| 23:50 | JP | Core Machinery Orders (MoM) (Feb) | -6.8% | -3.2% | ||
| Apr 9 | 01:00 | AU | Consumer Inflation Expectation (Apr) | 2.2% | ||
| 01:30 | AU | Employment Change (Mar) | -24.8K | 1.8K | ||
| 01:30 | AU | Unemployment Rate (Mar) | 5.4% | 5.2% | ||