Friday, Apr 24, 15:58 GMT
ASIA-PACIFIC Trading Newsletter
To Get Started
- Learning Center: New Contents has been released! Chapter 3 of Unit A - Understand the Mechanics. Read it now!
- 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: Identifying the weekly fundamental trend of EUR/USD by Javier Paz
- All the events of the day in our Economic Calendar
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Forex Blogs
FX Path: Trading Changes in Forex Volatility by James Chen
One high−probability method used by traders to trade the forex market is to look for significant increases in volatility. The essential idea behind this trading methodology is that periods of high volatility often follow periods of low volatility, or consolidation.
The Advisor Blog: Gbp/Usd in the hourly by Valeria Bednarik
The Disciplined Trader: With the break above 1.31 the triangle is more probable…by Pierre Charlebois
Find other fellow traders to share your comments and market view in the FOREX FORUM
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Live Sessions Schedule
Using Fibonacci ratios to manage your trades efficiently
Expert: Sunil Mangwani
Start: Mon, Apr 27, 09:00 GMT
Sponsored by: 
Type of Session: Webinar
Derek Frey's Outlook
Expert: Derek Frey
Start: Mon, Apr 27, 14:00 GMT
Sponsored by: 
Type of Session: Webinar
| Sponsored by | ||||
| Mon, Apr 27, 09:00 GMT | Using Fibonacci ratios to manage your trades efficiently | Sunil Mangwani | WBN | |
| Mon, Apr 27, 14:00 GMT | Derek Frey's Outlook | Derek Frey | WBN | |
| Mon, Apr 27, 15:00 GMT | Advanced Methods for Finding Dominant Trends in Forex Markets  | Mark Whistler | WBN |  |
| Mon, Apr 27, 16:00 GMT | Weekly Webinar: 1st on Forex − The Week Ahead | Jerry Furst | WBN |  |
| Tue, Apr 28, 11:00 GMT | FX Instructor Live Trading Room | Mark De La Paz | WBN |  |
Current Session: U.S.
U.S. Update: Now relief for dollar
FXstreet.com − Straight appreciation since yesterday in the pair, price continues approaching price to the upper line of the big descendant channel clear in 4 hours chars, around 1.3355, and if you take a look at daily charts, you will find out we also have an important number of maximums and minimums around there. Still far, if prices reach that zone, will be a good chance for a rebound/downside correction. In the middle, resistances will be at 1.3272, and 1.3320 zone. Supports for the next hours will be at 1.3206 1.3166 and 1.3110.
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EUR/USD
The money market for US dollars remains totally seized up by FXstreet.com
The money market for US dollars remains totally seized up, the spread either side of Libor widening between the different categories of banks. Currencies were mixed, the pound, US dollar and Polish zloty losing ground against the strongest Swedish krona, Japanese Yen and Swiss franc (despite Swiss National Bank president Roth saying they face the steepest economic contraction since 1975).
USD/JPY
USD/JPY: Break of the daily ascendant trend line triggered a major sell off by FXstreet.com Independent Analyst Team
Break of the daily ascendant trend line triggered a major sell off in the pair that reached almost the 61.8% of the daily Fibonacci rally we have been following, form 93.54 to 101.44. So far, the pair rebound around that zone and attempt a small upside recovery, that could extend enough to complete the pullback to the broken line now around 97.60
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 GFK CONSUMER CONFIDENCE SURVEY
| Date (GMT) | Event | Cons. | Previous | |
| Apr 27 | 06:10 | Gfk Consumer Confidence Survey | - | 2.4 |
Friday Notes - Germany GFK: Consumer confidence remains muted by UniCredit Group
The modest upward trend in the consumer climate since last fall, driven by the strong disinflation, did not continue in March. And despite real gains in employee remuneration – supported by the growth stimulus package – rising unemployment and above all record−high unemployment expectations should continue to weigh on overall consumer climate in the spring.
[ Full Story ]Top Market Movers Review
US NEW HOME SALES
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Apr 24 | 14:00 | New Home Sales | 356K | 340K | 358K |
| Apr 24 | 14:00 | New Home Sales (MoM) | -0.6% | 0.9% | 4.7% |
DATA SNAP: US New−Home Sales Decline in March (Dow Jones)
New−home sales fell in March but only mildly after a surge the month before, while the median price kept sliding, a sign the housing crisis hasn't ended. Sales of single−family homes decreased by 0.6% to a seasonally adjusted annual rate of 356,000 compared to the prior month, the Commerce Department said Friday.
[ Full Story ]- Read the New Home Sales data at Census Bureau
- Table Of Data On New Home Sales From Commerce (Dow Jones)
- US New Home Sales down 0.6% to 356K in Mar (FXstreet.com)
- Table Of Data On New Home Sales From Commerce (Dow Jones)
US economic indicators - Existing and new home sales (Mar): falling despite boost from foreclosures by BHF−Bank
US DURABLE GOODS ORDERS
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Apr 24 | 12:30 | Durable Goods Orders | -0.8% | -1.4% | 2.1% |
| Apr 24 | 12:30 | Durable Goods Orders ex Transportation | -0.6% | -0.8% | 3.9% |
DATA SNAP: US Mar Durable Goods Fall Less Than Expected (Dow Jones)
Durable goods orders resumed falling in March, taking the seventh drop in eight months as an uncertain economic outlook leaves U.S. companies hesitant on spending. Manufacturers' orders for long−lasting goods decreased by 0.8% last month to a seasonally adjusted $161.19 billion, the Commerce Department said Friday.
[ Full Story ]- Read the Durable Goods Orders data at Census Bureau
- US Mar Durable Goods Orders down 0.8%, ex. transportation −0.6% (FXstreet.com)
- Table Of Data On Durable Goods From Commerce (Dow Jones)
- Friday's Events: U.S. Durable Goods, New Home Sales, G7 Meets in Washington (CEP News)
Economic Events
| Date (GMT) | Country | Event | Actual | Cons. | Previous | |
| Apr 24 | 14:00 | US | New Home Sales (Mar) | 356K | 340K | 358K |
| 14:00 | US | New Home Sales (MoM) (Mar) | -0.6% | 0.9% | 4.7% | |
| Apr 25 | 00:00 | IMF Meeting | ||||
| Apr 26 | 00:00 | IMF Meeting | ||||
| 01:30 | AU | National Australia Bank's Business Confidence(QoQ) (1Q) | -42 | |||
| 07:00 | DE | Import Price Index (MoM) (Mar) | -0.3% | -0.1% | ||
| 07:00 | DE | Import Price Index (YoY) (Mar) | -0.3% | -5.4% | ||