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Forex Blogs
Forex Trading Today: EUR/GBP and GBP/JPY Enter Breaks of Consolidation by Tim Salem
We are a few minutes after the NYSE Open, where Equities look to gain on the recent Dollar and Yen Weakness…despite solid Corrective Behavior in the Asian−Pacific Sector on the back of Rhetoric from China and Japan concerning Inflows with their own Treasuries and Equity Desks.
FX Path: EUR/USD - Majors in Consolidation by James Chen
Trading for a Living: Forex Trader of the Year 2009 !!! by David Aranzabal
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Live Sessions Schedule
Outlook for the major currencies this week
Expert: Ian Copsey
Start: Fri, Apr 17, 08:00 GMT
Type of Session: Webinar
Trading Break Out's And Other Market Views
Expert: Phil Newton
Start: Fri, Apr 17, 10:00 GMT
Sponsored by: 
Type of Session: Webinar
| Sponsored by | ||||
| Thu, Apr 16, 15:30 GMT | MONTHLY WEBINAR: Part 2 − Real time application of my favorite indicators  | Valeria Bednarik | WBN |  |
| Fri, Apr 17, 08:00 GMT | Outlook for the major currencies this week | Ian Copsey | WBN | |
| Fri, Apr 17, 09:00 GMT | Advanced APF Methods To Determine The Price Momentum | Sunil Mangwani | WBN |  |
| Fri, Apr 17, 10:00 GMT | Trading Break Out's And Other Market Views | Phil Newton | WBN | |
| Fri, Apr 17, 11:00 GMT | Trend Trading with Breakouts | Sam Seiden | WBN | |
Current Session: U.S.
Wall Street mixed, Europe closing on green; USD holds its positions
FXstreet.com − Wall Street has opened its Thursday session on a narrow range between gains and losses as market took 10.0% J.P. Morgan earning declines slightly unabashed. USD/CHF has risen 0.42% along the day to the currently 1.1475. USD/JPY is firm above 99.00 level. EUR/USD is trading just below 1.3200 level and the GBP/USD is trading around 1.4890/1.4900 after falling 0.70% along the day.
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GBP/USD
Cable fights 1.50 psychological level by FastBrokersFX
The Cable has come well−off its highs on relatively light volume in what we view as healthy profit taking. As expected, the Cable is having some trouble leaving behind the highly psychological 1.50 level.
USD/JPY
Currency Majors Technical Perspective − EUR/USD: Moving on sentiment by FXstreet.com Independent Analyst Team
Bad reports in the U.S. triggered an upside rally in the country, and price is attempting to move above the 20 SMA in the hourly.
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
EMU TRADE BALANCE N.S.A.
| Date (GMT) | Event | Cons. | Previous | |
| Apr 17 | 09:00 | Trade Balance n.s.a. | -€5.0B | -€10.5B |
| Apr 17 | 09:00 | Trade Balance s.a. | -€3.5B | -€5.5B |
EMU economic indicators - Trade balance: Probably improved by BHF−Bank
EMU industrial production is likely to have continued decreasing in February, as the corresponding national figures did. Following its seasonal pattern, the EMU trade balance will probably have improved in February, just like the corresponding German figure.
[ Full Story ]Top Market Movers Review
US PHILADELPHIA FED MANUFACTURING SURVEY
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Apr 16 | 14:00 | Philadelphia Fed Manufacturing Survey | -24.4 | -32.5 | -35.0 |
DATA SNAP:Phila Fed Manufacturing Contraction Slows In April (Dow Jones)
Mid−Atlantic manufacturing numbers remained well in negative territory in April, but the rate of decline in activity diminished compared with March, according to report Thursday from the Federal Reserve Bank of Philadelphia.
[ Full Story ]- Read the Manufacturing Survey data at Philadelphia Fed
- UPDATE: Philadelphia Fed Mfg Contraction Slows In April (Dow Jones)
- US Apr Philadelphia Fed Manufacturing Survey improves to −24.4 vs −35 (FXstreet.com)
- Thursday's Events: U.S. Jobless Claims, Philly Fed Manufacturing, Fed Speakers (CEP News)
US economic indicators - First regional manufacturing indices (Apr): stabilizing, albeit still showing contraction by BHF−Bank
US HOUSING STARTS
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Apr 16 | 12:30 | Building Permits (MoM) | 0.513M | 0.550M | 0.564M |
| Apr 16 | 12:30 | Housing Starts (YoY) | 0.510M | 0.540M | 0.572M |
DATA SNAP: US Mar Housing Starts Fall More Than Expected (Dow Jones)
Home construction took a bigger−than−expected drop in March, and an indicator of future building resumed falling, according to a report that soured hopes of a turnaround in the housing sector. Housing starts fell 10.8% to a seasonally adjusted 510,000 annual rate compared to the prior month, the Commerce Department said Thursday.
[ Full Story ]- Table Of Data On Housing Starts From Commerce (Dow Jones)
- US Housing Starts falls to 0.51M in Mar from 0.572M (FXstreet.com)
- Table Of Data On Housing Starts From Commerce (Dow Jones)
US economic indicators - Housing starts (Mar): falling back after surprisingly sharp increase by BHF−Bank
Economic Events
| Date (GMT) | Country | Event | Actual | Cons. | Previous | |
| Apr 16 | 12:30 | CA | Manufacturing Shipments (MoM) (Feb) | 2.2% | 3.3% | -5.3% |
| 14:00 | US | Philadelphia Fed Manufacturing Survey (Apr) | -24.4 | -32.5 | -35.0 | |
| 22:45 | NZ | Consumer Price Index (QoQ) (1Q) | 0.3% | -0.5% | ||
| 22:45 | NZ | Food Price Index (MoM) (Mar) | 0.2% | |||
| 23:50 | JP | Tertiary Industry Index (MoM) (Feb) | -0.8% | 0.4% | ||
| Apr 17 | 01:30 | AU | Export Price Index (QoQ) (1Q) | 15.9% | ||
| 01:30 | AU | Import Price Index (QoQ) (1Q) | 9.7% | 10.8% | ||