Tuesday, Apr 28, 15:59 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
The Advisor Blog: Save haven rest by Valeria Bednarik
U.S. reports save the day, as most macroeconomic data printed better than expected readings, sending Wall Street quickly up despite early tumble. Risk appetite is up, dollar and yen down (not as far as to affirm things have changed).
FX Path: USD/JPY - Yen Strength by James Chen
Trading for a Living: Dollar’s Reaction to Swine Flu Temporary? by David Aranzabal
Find other fellow traders to share your comments and market view in the FOREX FORUM
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Live Sessions Schedule
FX Instructor Live Trading Room
Expert: Mark De La Paz
Start: Wed, Apr 29, 09:00 GMT
Sponsored by: 
Type of Session: Webinar
Trading Break Out's And Other Market Views
Expert: Phil Newton
Start: Wed, Apr 29, 10:00 GMT
Sponsored by: 
Type of Session: Webinar
| Sponsored by | ||||
| Tue, Apr 28, 16:00 GMT | Is the Bear Market Over? | John W. O'Donnell | WBN |  |
| Tue, Apr 28, 17:00 GMT | Live Look at Today's Markets  | Derek Frey | WBN |  |
| Wed, Apr 29, 09:00 GMT | FX Instructor Live Trading Room | Mark De La Paz | WBN | |
| Wed, Apr 29, 10:00 GMT | Trading Break Out's And Other Market Views | Phil Newton | WBN | |
| Wed, Apr 29, 11:30 GMT | Watch Live Coverage of the US GDP | Jerry Furst | WBN |  |
Current Session: U.S.
EUR/USD: Momentum cut the 100 line, suggesting further gains in the pair
FXstreet.com − Momentum cut the 100 line, suggesting further gains in the pair after breaking also above the range with the publication of the S&P home price index in the U.S. RSI supports further continuation, with next static resistance around 1.3090 (previous hourly lows and 200 EMA zone), and above 1.3130. Supports, under 1.3040 will be at 1.3010, 1.2985 and 1.2955 zone.
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GBP/USD
Forex Trading − Swine Flu Prompts a Return to Safe Haven Buying by FXstreet.com
Traders continue to be influenced by the pandemic of Swine Flu in Mexico. Fears of reduced short term economic activity have traders moving out of riskier, higher yielding currencies into the safe haven Dollar and Yen. Crude Oil prices also fell yesterday as investors fear a weakening demand for international travel.
USD/JPY
Intraday Forex Technical Report − U.S. Update: Safe−havens take some rest by FXstreet.com
Usd/Jpy is moving inside a descendant channel and today's low attempt to break to the downside, yet failed. 4 hours candle signals a probable reversal as it reached a multiple−week low.
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 FED INTEREST RATE DECISION
| Date (GMT) | Event | Cons. | Previous | |
| Apr 29 | 18:15 | Fed Interest Rate Decision | 0.25% | 0.25% |
FOMC: preview of policy meeting by Danske Bank A/S
On Wednesday, 29 April, at 20:15 CET the Federal Open Market Committee (FOMC) is set to announce its policy decision. In line with consensus, we expect the FOMC to keep the Fed Funds rate unchanged in the interval from 0.00−0.25%.
[ Full Story ]Live Daily Broadcast - Today's Live Show: What's In Store for NZD/USD Pair Ahead of FOMC and RBNZ? by AllThingsForex
Daily Global Commentary - Weekly Policy Update – FOMC Meeting April 28−29 by Northern Trust
Top Market Movers Review
US CONSUMER CONFIDENCE
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Apr 28 | 14:00 | Consumer Confidence | 39.2 | 29.0 | 26.9 |
US Conference Board Apr Consumer Confidence 39.2 Vs Mar 26.9 (Dow Jones)
U.S. consumers' assessment of the economy rose to its highest point of the year in April as households began to see an end to the recession loom into view.
[ Full Story ]- UPDATE:US Confidence Levels Surge In April On Improved Outlook (Dow Jones)
- Forex: EUR/USD rises above 1.3060 after a good US consumer confidence report (FXstreet.com)
- U.S. Consumer Confidence Jumps Beyond Expectations in April (CEP News)
US economic indicators - Consumer confidence (Mar): rising noticeably, albeit still at depressed level by BHF−Bank
Germany CONSUMER PRICE INDEX
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Apr 28 | 13:11 | Consumer Price Index (MoM) | 0.0% | 0.1% | -0.1% |
| Apr 28 | 13:11 | Consumer Price Index (YoY) | 0.7% | 0.8% | 0.5% |
DATA SNAP: Germany's Apr CPI Rises, But Likely To Drop Soon (Dow Jones)
German retail prices are likely to have shown their last average increase for a while in April, federal consumer price data indicated Tuesday, as the threat of deflation spreads across Europe.
[ Full Story ]- Read the CPI data at German Statistics [text in German]
- UPDATE: Germany's Apr CPI Rises, But Likely To Drop Soon (Dow Jones)
- German Apr CPI rises a 0.7% YoY, 0.0% MoM (FXstreet.com)
- UPDATE: German April CPI Likely To Be In Positive Territory (Dow Jones)
EMU economic indicators - German CPI inflation (April): increasing temporarily by BHF−Bank
Friday Notes - Germany CPI: Strong disinflation process by UniCredit Group
Economic Events
| Date (GMT) | Country | Event | Actual | Cons. | Previous | |
| Apr 28 | 14:00 | US | Consumer Confidence (Apr) | 39.2 | 29.0 | 26.9 |
| 14:00 | US | Richmond Fed Manufacturing Index (Apr) | -9 | -18 | -20 | |
| 21:00 | US | ABC/Washington Post Consumer Confidence (Apr 26) | -47 | |||
| 22:45 | NZ | Trade Balance (Mar) | 250M | 489M | ||
| 23:01 | UK | Gfk Consumer Confidence (Apr) | -28 | -30 | ||
| Apr 29 | 03:00 | NZ | Business Confidence (Apr) | -39.3 | ||
| 03:00 | NZ | M3 Money Supply (YoY) (Mar) | 8.7% | |||