Tuesday, Apr 21, 15:58 GMT
ASIA-PACIFIC Trading Newsletter
To Get Started
- WEBINAR VIDEOS: My favorite technical indicators to trade Forex by Valeria Bednarik
- All the events of the day in our Economic Calendar
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Forex Blogs
The Disciplined Trader: Re−tracement seems to be the order of the day by Pierre Charlebois
Indeed the US equities markets seems to be finding a base for now. A sideways market there, seems to be translating into a correcting market on the EUR and GBP pairs. Look higher for the EUR and GBP today.
FX Path: USD/JPY - Key Uptrend Support Approached by James Chen
The Advisor Blog: Euro and Gbp hourly charts by Valeria Bednarik
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Live Sessions Schedule
FX Instructor Live Trading Room
Expert: Mark De La Paz
Start: Wed, Apr 22, 09:00 GMT
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Type of Session: Webinar
Using Fibonacci ratios to manage your trades efficiently
Expert: Sunil Mangwani
Start: Wed, Apr 22, 10:00 GMT
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Type of Session: Webinar
| Sponsored by | ||||
| Tue, Apr 21, 16:00 GMT | Identifying the weekly fundamental trend of EURUSD  | Javier Paz | WBN |  |
| Tue, Apr 21, 17:00 GMT | Live Look at Today's Markets | Derek Frey | WBN |  |
| Wed, Apr 22, 09:00 GMT | FX Instructor Live Trading Room | Mark De La Paz | WBN | |
| Wed, Apr 22, 10:00 GMT | Using Fibonacci ratios to manage your trades efficiently | Sunil Mangwani | WBN | |
| Wed, Apr 22, 12:00 GMT | Trading with the ATR & Bollinger Bands | Adam Rosen | WBN | |
Current Session: U.S.
U.S. Update: Correcting and consolidating
FXstreet.com − Nice come back after intraday low early in Asia, the pair broke in 4 hours charts the 200 EMA that anyway remains quite flat to be strong enough, but continues pushing higher. Quoting around 1.4630, a clear break above 1.4660 could extend upside rally to the 1.4700 zone at least in the next hours. Failure to hold above 1.4610, will deny further raises in the pair.
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EUR/USD
GBPUSD:Clears Its Rising Channel, Targets The 1.4305 Level by FXTechstrategy
After spending a month plus trapped within its rising channel, GBP decisively violated that pattern today opening up downside risk towards the 1.4305 level, its Mar 06'09 high
USD/JPY
USD/JPY: Still bearish, the pair is unable to regain the 98.40/80 zone by FXstreet.com Independent Analyst Team
Still bearish, the pair is unable to regain the 98.40/80 zone, that defended the bullish bias past days. With momentum and CCI clearly to the downside, clear movements under today's low of 97.65 will send the pair to test the 97.20 zone.
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 PURCHASING MANAGER INDEX MANUFACTURING
| Date (GMT) | Event | Cons. | Previous | |
| Apr 23 | 08:00 | Purchasing Manager Index Services | 41.3 | 40.9 |
| Apr 23 | 08:00 | Purchasing Manager Index Manufacturing | 35.4 | 33.9 |
EMU economic indicators - PMI manufacturing indices Germany and EMU (April): stable at least by BHF−Bank
For similar reasons, Belgian and French business confidence and the Purchasing Managers' Indices for the German and EMU manufacturing sector are likely to have at least remained stable in April.
[ Full Story ]Top Market Movers Review
Canada BOC INTEREST RATE DECISION
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Apr 21 | 13:00 | BoC Interest Rate Decision | 0.25% | 0.50% | 0.50% |
Bank of Canada trims Overnight rate by 25 BP to 0.25%; Canadian Dollar drops (FXstreet.com)
The Bank of Canada has decided, against expectations, to trim its Overnight rate by 25 basis points to 0.25% its lowest level ever. The Canadian Dollar has reacted down to the unexpected monetary policy decision.
[ Full Story ]- Read the Official Statement at BoC
- Forex: USD/CAD tests 1.2500 level after BoC rate decision (FXstreet.com)
- Bank of Canada Lowers Rates to 0.25%, Commits to Hold Until Q2 2010 (CEP News)
- BoC cuts by 25bp its overnight rate, lowering to 0.25% (FXstreet.com)
Daily Fx Strategy - Canada Goes Japanese by CMC Markets
USDCAD closed above the open by Precise Trader
Economic Events
| Date (GMT) | Country | Event | Actual | Cons. | Previous | |
| Apr 21 | 13:00 | CA | BoC Interest Rate Decision | 0.25% | 0.50% | 0.50% |
| 14:00 | US | Treasury's Geithner Speech | ||||
| 21:00 | US | ABC/Washington Post Consumer Confidence (Apr 19) | -51 | |||
| 23:50 | JP | Adjusted Merchandise Trade Balance (Mar) | -¥0.25B | -¥43.30B | ||
| 23:50 | JP | Merchandise Trade Balance Total (Mar) | -¥27.0B | ¥82.1 |
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| Apr 22 | 01:30 | AU | Consumer Price Index (QoQ) (1Q) | -0.5% | -0.3% | |
| 01:30 | AU | Consumer Price Index (YoY) (1Q) | 2.8% | 3.7% | ||