Thursday, Apr 23, 16:00 GMT
ASIA-PACIFIC Trading Newsletter
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- 3 seats available for Rob Booker's special webinar series for a charitable cause on April 30 and May 1. Learn how to get one!
- 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
FX Path: EUR/USD − Bullish retracement by James Chen
Price action on EUR/USD, as shown on the accompanying 4−hour chart, has made a bullish retracement as of Thursday (4/23/2009) morning, but was tentatively rejected by strong resistance in the 1.3100 support/resistance price region.
The Advisor Blog: Stocks fall at the open Dollar and Yen win by Valeria Bednarik
The Disciplined Trader: Update on EUR/USDby Pierre Charlebois
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Live Sessions Schedule
Live Look at Today's Markets
Expert: Derek Frey
Start: Thu, Apr 23, 17:00 GMT
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Type of Session: Webinar
Outlook for the major currencies this week
Expert: Ian Copsey
Start: Fri, Apr 24, 08:00 GMT
Type of Session: Webinar
| Sponsored by | ||||
| Thu, Apr 23, 15:00 GMT | How to Get Started Trading Forex | Mark Whistler | WBN |  |
| Thu, Apr 23, 17:00 GMT | Live Look at Today's Markets | Derek Frey | WBN | |
| Fri, Apr 24, 08:00 GMT | Outlook for the major currencies this week | Ian Copsey | WBN | |
| Fri, Apr 24, 09:00 GMT | Advanced APF Methods To Determine The Price Momentum  | Sunil Mangwani | WBN |  |
| Fri, Apr 24, 11:00 GMT | FX Instructor Live Trading Room | Mark De La Paz | WBN |  |
Current Session: U.S.
USD/CAD collapses after BoC policy report
FXstreet.com − CAD is rising against the USD after BoC report which didn't contain immediate measures about quantative easing or credit conditions. USD/CAD has fallen around 140 pips from 1.2380, break 1.2330 support and reach to 1.2238, intra−day low. Currently the pair is trading around 1.2275/85 after falling 0.90% so far today from 1.2392 opening price.
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EUR/USD
EUR/USD: Pair is losing steam after failure to break above the 200 EMA by FXstreet.com
Pair is losing steam after failure to break above the 200 EMA, and tending lower attempting to break fist support zone around 1.3030, a small ascendant trend line. 20 SMA around that zone could help contain the pair, but indicators are turning lower, suggesting some selling pressure.
GBP/USD
Forex Daily Analysis − Traders Anticipate Heavy News Day in Forex by ForexYard
There appears to be a bearish cross forming on the Slow Stochastic on the hourly chart, signaling an impending downward movement. However, the daily chart's Slow Stochastic shows a recent bullish cross, indicating that the longer−term trend may be bullish.
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
Germany IFO − BUSINESS CLIMATE
| Date (GMT) | Event | Cons. | Previous | |
| Apr 24 | 08:00 | IFO − Business Climate | 82.3 | 82.1 |
| Apr 24 | 08:00 | IFO − Expectations | 82.6 | 81.6 |
EMU economic indicators - German ifo business climate (April): down by BHF−Bank
However, the ifo business climate for Germany could have deteriorated slightly further in April; the current assessment is likely to have declined, but business expectations will probably have improved, just as they, and also the US ISM manufacturing index, did in March.
[ Full Story ]Top Market Movers Review
US EXISTING HOME SALES
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Apr 23 | 14:00 | Existing Home Sales | 4.57M | 4.69M | 4.72M |
| Apr 23 | 14:00 | Existing Home Sales (MoM) | -3.0% | -1.5% | 5.1% |
US Mar Existing Home Sales Dn 3.0% To 4.57 Mln Rate (Dow Jones)
Existing−home sales dropped in March, and the median price was down 12% from a year earlier. Home resales fell by 3.0% to a 4.57 million annual rate from 4.71 million in February, the National Association of Realtors said Thursday.
[ Full Story ]- Read the Existing Home Sales data at NAR
- US Existing Home Sales−STATS (Dow Jones)
- USD/JPY: Dollar drops to test 98.10 support after home sales data (FXstreet.com)
- Table of Data On US Existing Home Sales (Dow Jones)
US economic indicators - Existing and new home sales (Mar): falling despite boost from foreclosures by BHF−Bank
US INITIAL JOBLESS CLAIMS
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Apr 23 | 12:30 | Continuing Jobless Claims | 6137K | 6135K | 6044K |
| Apr 23 | 12:30 | Initial Jobless Claims | 640K | 630K | 613K |
US Jobless Claims +27K To 640K In Apr 18 Week; Survey +30K (Dow Jones)
New U.S. claims for state unemployment benefits rose last week, while the total number of people drawing unemployment benefits surged to the highest level on record.
[ Full Story ]- Read the Jobless Claims data at Labor Department
- CORRECT: US Jobless Claims +27K To 640K In Apr 18 Week; Survey +30K (Dow Jones)
- EUR/USD: Euro tests levels below 1.3035 after Jobless Claims (FXstreet.com)
- U.S. Jobless claims rise slightly above expectations; Euro drops below 1.3050 (FXstreet.com)
Economic Events
| Date (GMT) | Country | Event | Actual | Cons. | Previous | |
| Apr 23 | 14:00 | US | Existing Home Sales (MoM) (Mar) | -3.0% | -1.5% | 5.1% |
| 14:30 | CA | Bank of Canada Monetary Policy Report | ||||
| 23:50 | JP | All Industry Activity Index (MoM) (Feb) | -2.1% | -1.7% | ||
| 23:50 | JP | Corporate Service Price (YoY) (Mar) | -2.6% | -2.6% | ||
| Apr 24 | 04:00 | US | Treasury's Geithner Speech | |||
| 08:00 | DE | IFO − Business Climate (Apr) | 82.3 | 82.1 | ||
| 08:00 | DE | IFO − Expectations (Apr) | 82.6 | 81.6 | ||