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Forex Blogs
FX Path: GBP/USD − Retreat from 1.5 by James Chen
After poking its head above key resistance in the 1.5 region, price action on GBP/USD, a daily chart of which is shown, has retreated significantly. At this juncture, the tentative break above 1.5 can be considered a false break, and the current directional bias appears bearish.
FxBootcamp: FOREX VIDEO REVIEW: London Session April 17, 2009 by Christian Stephens
CEO's Weblog: FXstreet Supports Rob Booker’s The India Garden Project by Francesc Riverola
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Live Sessions Schedule
Using Fibonacci ratios to manage your trades efficiently
Expert: Sunil Mangwani
Start: Mon, Apr 20, 09:00 GMT
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Type of Session: Webinar
Forex Point & Figure Trading
Expert: James Chen
Start: Mon, Apr 20, 13:00 GMT
Type of Session: Webinar
| Sponsored by | ||||
| Mon, Apr 20, 09:00 GMT | Using Fibonacci ratios to manage your trades efficiently | Sunil Mangwani | WBN | |
| Mon, Apr 20, 11:00 GMT | Get Organized: Use A Daily Forex Checklist  | Steve Misic | WBN |  |
| Mon, Apr 20, 13:00 GMT | Forex Point & Figure Trading | James Chen | WBN | |
| Mon, Apr 20, 14:00 GMT | Derek Frey's Outlook | Derek Frey | WBN |  |
| Mon, Apr 20, 15:00 GMT | Advanced Methods for Finding Dominant Trends in Forex Markets | Mark Whistler | WBN | |
Current Session: U.S.
Wall Street falls after 3−days increases, USD rises across the board
FXstreet.com − US stocks is slightly lower on Friday session as earnings reports weren't too bad to easy the confidence market. Europe is closing its session on the green side. USD is rising across the board and EUR is under pressure on Trichet's comments.
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AUD/USD
U.S. Update − Consumer confidence rebounded to the highest levels since September by FXstreet.com Independent Analyst Team
Quoting around 1.3040, the pair is attempting to break daily low, also the base of the descendant channel. Close to oversold, in 4 hours and despite general trend remains bearish, pair seems to have found a temporal bottom around this zone.
USD/JPY
Currency Majors Technical Perspective by FXstreet.com Independent Analyst Team
Still moving sideways and consolidating just above the 99.00 zone, pair failed to break above the 99.60 zone in the Asian session, and from there start a downside movement that turn indicators bearish.
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 LEADING INDICATORS
| Date (GMT) | Event | Cons. | Previous | |
| Apr 20 | 14:00 | Leading Indicators (MoM) | -0.2% | -0.4% |
Friday Notes - Leading Indicators: The index is not yet signalling recovery by UniCredit Group
Several components for March have been reported, and the results were mixed. Hours worked fell. The stock market rally during the month did not quite reverse the drop in February, but it did boost consumer sentiment.
[ Full Story ]Top Market Movers Review
US REUTERS/MICHIGAN CONSUMER SENTIMENT INDEX
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Apr 17 | 14:00 | Reuters/Michigan Consumer Sentiment Index | 61.9 | 58.5 | 57.3 |
Reuters/Univ Michigan Mid−Apr Sentiment 61.9; Mar 57.3 (Dow Jones)
Consumer sentiment levels took an unexpected jump higher as of the middle of April. The Reuters/University of Michigan preliminary consumer sentiment index for April came in at 61.9, after standing at 57.3 in March. It had been expected to come in at 57.5.
[ Full Story ]- Read the Consumer Sentiment Index data at Thomson Reuters
- US Apr Reuters/Michigan Consumer Sentiment Index climbs to 61.9 (FXstreet.com)
- Friday's Events: Fed Speakers, U.S. Consumer Sentiment, GM CEO (CEP News)
US economic indicators - UMI consumer sent (Apr): unlikely to have risen again due to rapid increase in unemployment by BHF−Bank
Canada CONSUMER PRICE INDEX
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Apr 17 | 11:00 | Consumer Price Index (YoY) | 1.2% | 1.4% | 1.4% |
| Apr 17 | 11:00 | Bank of Canada Consumer Price Index Core (YoY) | 2.0% | 1.9% | 1.9% |
| Apr 17 | 11:00 | Bank of Canada Consumer Price Index Core (MoM) | 0.3% | 0.2% | 0.5% |
| Apr 17 | 11:00 | Consumer Price Index (MoM) | 0.2% | 0.3% | 0.7% |
Forex: USD/CAD losts its initials gains; falls below 1.2100 afer CPI data (FXstreet.com)
After falling around 65 pips from 1.2146 to 1.2083 last week, the USD/CAD has lost its initials profits to rise just 0.02% from today's opening price at 1.2082. Canadian CPI rise 0.2% between February and March, less tan 0.7% posted in last month. Year over year, Canadian inflation decrease to 1.2% in March from 1.4% in February.
[ Full Story ]- Read the CPI data at Statistics Canada
- Canada Mar CPI (MoM) rises 0.2%, +1.2% YoY (FXstreet.com)
Live Daily Broadcast - Today's Live Show: Focusing on the USD/CAD Ahead of CPI and BoC Announcement by AllThingsForex
Economic Events
| Date (GMT) | Country | Event | Actual | Cons. | Previous | |
| Apr 17 | 11:00 | CA | Consumer Price Index (MoM) (Mar) | 0.2% | 0.3% | 0.7% |
| 14:00 | US | Reuters/Michigan Consumer Sentiment Index (Apr)  | 61.9 | 58.5 | 57.3 | |
| 16:30 | US | Fed's Bernanke Speech | ||||
| Apr 19 | 23:01 | UK | Rightmove House Price Index (MoM) (Apr) | 0.9% | ||
| 23:01 | UK | Rightmove House Price Index (YoY) (Apr) | -9% | |||
| Apr 20 | 01:30 | AU | Producer Price Index (QoQ) (1Q) | 1.3% | ||
| 01:30 | AU | Producer Price Index (YoY) (1Q) | 6.4% | |||