Thursday, Apr 09, 14:15 GMT
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Forex Blogs
Trading for a living: HD Video review. London Open 09/04/2009 by David Aranzabal
A 100 pips trade before BOE. Today the 1,4770 level in GBP/USD hold once again (three times in the last three days). This is the trading log:
− Price rejected at 1,4770 level and forming a 123 pattern.
− 123 breakout confirmed. First entry opportunity.
FX Path: AUD/USD - Tentative Bullish Flag Break by James Chen
Forex Trading Today: Low Liquidity/HighVolatility Begins to Reveal Itself Across the Markets by Tim Salem (CVJ)
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| Thu, Apr 9, 13:00 GMT | Tracking the forex market together / Part II − Free Access Day | Dr.S.Sivaraman | WBN |  |
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| Thu, Apr 9, 17:00 GMT | Live Look at Today's Markets − Free Access Day | Derek Frey | WBN |  |
| Tue, Apr 14, 11:00 GMT | FX Instructor Live Trading Room  | Mark De La Paz | WBN |  |
Current Session: U.S.
The USD/JPY is still stuck around 100
FastBrokersFX − The USD/JPY is still stuck around 100 as the highly−psychological level is proving to be as difficult to overcome as investors could have anticipated. If the USD/JPY can brave through our next 3 downtrend lines, we could see some large near−term gains. Fundamentally, our 100.28 support turns resistance while we maintain our resistances of 100.71, 101.44, 101.98, and 102.50.
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EUR/USD
Currency Majors Technical Analysis − EUR USD is in a range between 1,3165 and 1,3320 by Mataf.net
EUR USD is in a range between 1,3165 and 1,3320. EUR USD moves without trend and swings around exponential moving averages (EMA 50 and 100). The volatility is low. Bollinger bands are flat.
USD/CHF
FX Thoughts for the Day − There is a Resistance region from 1.1510 to 1.1545 by Kshitij Consultancy Service
Dollar−Swiss has shot up in the last hour or so. There is a Resistance region from 1.1510 to 1.1545. This may/ may not break. If it does break, however, the market may shoot up to 1.1656, the projected Max High for the Week.
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
US MONTHLY BUDGET STATEMENT
| Date (GMT) | Event | Cons. | Previous | |
| Apr 10 | 18:00 | Monthly Budget Statement | - | -192.8B |
Friday Notes - Monthly budget statement by UniCredit Group
Tax receipts are sliding as the unemployment rate climbs, executive bonuses shrink, and corporate profits fall off. Moreover, the stock market crash has greatly reduced capital gains tax payments. Enlarged pending programs also add to the deficit, but the bulk of the Obama fiscal stimulus will be implemented only with considerable delay.
[ Full Story ]Top Market Movers Review
US TRADE BALANCE
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Apr 9 | 12:30 | Trade Balance | -$25.97B | -$36.70B | -$36.20B |
DATA SNAP: US Feb Trade Gap Shrinks More Than Expected (Dow Jones)
The U.S. trade deficit shrank 28% in February, narrowing to its smallest in more than nine years as purchases of foreign oil and consumer goods plunged.
[ Full Story ]- Read the official data at Bureau of Economic Analysis
- US Feb Trade deficit narrows to $−25.97B vs $−36.20B (FXstreet.com)
- Table of U.S. Trade Data −2: Imports, Exports (Dow Jones)
- Table of U.S. Trade Data −3: Balances By Region (Dow Jones)
Friday Notes - Exports and imports both probably fell in February by UniCredit Group
US IMPORT PRICE INDEX
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Apr 9 | 12:30 | Import Price Index (MoM) | 0.5% | 0.9% | -0.2% |
| Apr 9 | 12:30 | Import Price Index (YoY) | -14.9% | -14.6% | -12.8% |
US Import Prices Tumble Ex−Oil, Signaling Disinflation (Dow Jones)
U.S. import prices rose in March for the first time in eight months, as oil prices posted their largest gain in over one year.
[ Full Story ]- U.S. Import and Export Price Indexes at US Department of Labor
- US Import Prices: Table Of Data For March (Dow Jones)
Economic Events
| Date (GMT) | Country | Event | Actual | Cons. | Previous | |
| Apr 9 | 12:30 | US | Continuing Jobless Claims (Mar 28) | 5840K | 5805K | 5728K |
| 12:30 | US | Import Price Index (YoY) (Mar) | -14.9% | -14.6% | -12.8% | |
| 23:50 | JP | BoJ Monetary Policy Meeting (Mar) | ||||
| 23:50 | JP | Money Supply M2+CD (YoY) (Mar) | 2.2% | 2.1% | ||
| Apr 10 | 00:00 | EMU | Good Friday Bank Holiday | |||
| 00:00 | CA | Good Friday Bank Holiday | ||||
| 00:00 | UK | Good Friday Bank Holiday | ||||