Wednesday, Apr 22, 16:10 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 Advisor Weblog: Euro and Gbp technical points by Valeria Bednarik
EUR/USD Current price: 1.2936. Pair continues in sideways range, with 1.2885 as base and 1.3000 as roof. Price is a above the still flat 20 SMA and despite not completely clear, indicators are slightly bullish. However, clear break above the 1.3000 (difficult at this time) needs to be seen to put some bullish strength in the pair.
FX Path: GBP/JPY - At Bottom of Precise Bullish Channel by James Chen
Forex Trading Today: The Queen Retreats With Negative Data Within Her Channel by Tim Salem (CVJ)
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Live Sessions Schedule
Live Look at Today's Markets
Expert: Derek Frey
Start: Wed, Apr 22, 17:00 GMT
Sponsored by: 
Type of Session: Webinar
Trading Break Out's And Other Market Views
Expert: Phil Newton
Start: Thu, Apr 23, 10:00 GMT
Sponsored by: 
Type of Session: Webinar
| Sponsored by | ||||
| Wed, Apr 22, 15:00 GMT | Position trading  | Lea Peters | WBN |  |
| Wed, Apr 22, 17:00 GMT | Live Look at Today's Markets | Derek Frey | WBN | |
| Thu, Apr 23, 09:00 GMT | Trading Confirmation | Sam Seiden | WBN | |
| Thu, Apr 23, 10:00 GMT | Trading Break Out's And Other Market Views | Phil Newton | WBN | |
| Thu, Apr 23, 11:00 GMT | FX Instructor Live Trading Room | Mark De La Paz | WBN |  |
Current Session: U.S.
U.S. Update: Wall Street leading again
FXstreet.com −Despite previous negative perspective, Wall Street reverse downside opening, and break above the 8000 level, as investors seems ready to revive previous weeks advance. DJIA is around 8015, gaining around a 1% in the first hour, sending European currencies up against dollar: Euro is above the 1.3000 level, while Swiss Franc broke past day's lateralization to the downside, and quotes around 1.1620. Gbp that fell to 1.4395 after the budget release recover part of the lost ground and quotes above the 1.4500 zone.
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GBP/USD
GBPUSD:Outlook Remains Lower Below Its Channel by FXTechstrategy
Even though GBP reversed part of its Monday losses to close higher at 1.4688, as long as it continues to trade below its invalidated rising channel, threats remain to the downside.
USD/JPY
Daily Forex News − Forex − Temporary Rebound in Sentiment Fades Quickly by FXstreet.com Independent Analyst Team
Gaining bearish momentum, the pair continues approaching to the daily ascendant trend line around 97.30, coming from the 87.10 zone that should offer some rebound at least as a first attempt.
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
US HOUSING PRICE INDEX
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Apr 22 | 14:39 | Housing Price Index (MoM) | 0.7% | -0.7% | 1.7% |
FHFA: US Home Prices Rose 0.7% In February From Jan (Dow Jones)
U.S. home prices rose a seasonally−adjusted 0.7% in February from January, the Federal Housing Finance Agency said Wednesday.
[ Full Story ]- Read U.S. Monthly House Price Index at Office of Federal Reserve Housing Enterprise Oversight
- US Housing Price Index rises 0.7% in Feb; −0.7% expected (FXstreet.com)
Economic Events
| Date (GMT) | Country | Event | Actual | Cons. | Previous | |
| Apr 22 | 14:30 | US | EIA Crude Oil Stocks change | 3.9M | 2.3M | 5.6M |
| 14:39 | US | Housing Price Index (MoM) (Feb) | 0.7% | -0.7% | 1.7% | |
| Apr 23 | 01:30 | AU | New Motor Vehicle Sales (MoM) (Mar) | -3.5% | ||
| 01:30 | AU | New Motor Vehicle Sales (YoY) (Mar) | -18.6% | |||
| 03:00 | NZ | Credit Card Spending (Mar) | -2.2% | |||
| 04:00 | JP | BoJ's Governor Shirakawa Speech | ||||
| 06:15 | CH | Trade Balance (Mar) | 0.62B | 0.72B |
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