Wednesday, Apr 29, 20:46 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!
- FOMC statement/Bank stress test results May 4th by Easy Forex
- 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: EUR/USD − Near Resistance Confluence Again by James Chen
Price action on EUR/USD (a daily chart of which is shown) as of Wednesday (4/29/2009) morning, has risen once again to approach a confluence of resistance factors which include the key 1.3300 support/resistance price region, the top of a short−term parallel downtrend channel, and the area just under the long−term downtrend resistance line extending from the second test of 1.6 back in July.
The Advisor Blog: Hourly majors update by Valeria Bednarik
CEO's weblog: April 19th-25th - Best week ever for Forex.es, FXstreet’s Spanish Forum
Find other fellow traders to share your comments and market view in the FOREX FORUM
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Live Sessions Schedule
What does the summer have in store for us?
Expert: Adam Rosen
Start: Thu, Apr 30, 14:00 GMT
Type of Session: Webinar
How to Get Started Trading Forex
Expert: Mark Whistler
Start: Thu, Apr 30, 15:00 GMT
Type of Session: Webinar
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| Wed, Apr 29, 17:00 GMT | Live Look at Today's Markets | Derek Frey | WBN |  |
| Thu, Apr 30, 11:00 GMT | FX Instructor Live Trading Room  | Mark De La Paz | WBN |  |
| Thu, Apr 30, 12:00 GMT | US Pre−Market Open | Ed Ponsi | WBN |  |
| Thu, Apr 30, 13:30 GMT | US Session Open | Ed Ponsi | WBN | |
| Thu, Apr 30, 14:00 GMT | What does the summer have in store for us? | Adam Rosen | WBN | |
Current Session: U.S.
EUR/USD: Euro drops to 1.3250 from 1.3340 high after Fed
FXstreet.com − Dollar renewed strength after Fed statement has capped EUR/USD rally from 1.2965 low yesterday at 1,3340 high reached right before the Fed, the Euro has dropped afterwards to levels above support level at 1.3245.
On the downside, the Euro might fond support at 1.3245 (Apr 27 high) and below there, 1.3215 and 1.3165. Resistance levels stand at 1.3340 (intra−day high), and above here, 1.3390 (Apr 13 high) and 1.3400.
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USD/JPY
USD/JPY: Dollar rallies to 97.98 high after Fed statement by FXstreet.com
The Dollar has strengthened against the Yen on the back of the federal Reserve's monetary policy statement, and recovery from 95.60 low yesterday has reached a maximum level at 97.98 after the Fed release
GBP/USD
GBP/USD: Pound rally capped at 1.4815; eases after Fed statement by FXstreet.com
The Pound has weakened after the Fed Statement, and GBP/USD rally from 1.4515 low yesterday has capped, at least momentarily, at 1.4815 resistance level, to drop to levels around 1.4750
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 UNEMPLOYMENT RATE S.A.
| Date (GMT) | Event | Cons. | Previous | |
| Apr 30 | 07:55 | Unemployment Rate s.a. | 8.2% | 8.1% |
| Apr 30 | 07:55 | Unemployment Change | 65K | 69K |
EMU economic indicators - German adjusted unemployment (April): sharper rise by BHF−Bank
German unadjusted unemployment generally tends to decline noticeably after the winter months. The weather conditions have been favourable this April, but due to the sharp recession, unadjusted unemployment could nevertheless have gone up slightly, albeit somewhat less than in March. Thus adjusted unemployment could have risen by about 90,000 in April.
[ Full Story ]Top Market Movers Review
US FED INTEREST RATE DECISION
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Apr 29 | 18:15 | Fed Interest Rate Decision | 0.25% | 0.25% | 0.25% |
The Federal Reserve leaves rates at rates 0.25 %; economic contraction eases (FXstreet.com)
The Federal Reserve's Monetary Policy Committee has decided to maintain the target range for the federal funds rate at 0% to 0.25% while observes a slowdown in the pace of economic contraction.
[ Full Story ]- U.S. Fed Official press release
- USD/JPY: Dollar rallies to 97.98 high after Fed statement (FXstreet.com)
- GBP/USD: Pound rally capped at 1.4815; eases after Fed statement (FXstreet.com)
- CURRENCIES: Dollar Pares Euro Loss, Up On Yen After FOMC (Dow Jones)
FOMC statement/Bank stress test results May 4th by Easy Forex
London Bullion Report - Gold stabilizes after technical sell−off, data/FOMC to provide direction by The Bullion Desk
Morning Report - Risk aversion fades slightly ahead of Fed by Westpac Institutional Bank
US GROSS DOMESTIC PRODUCT ANNUALIZED
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Apr 29 | 12:30 | Gross Domestic Purchases Price Index | 2.9% | 1.8% | 0.5% |
| Apr 29 | 12:30 | Gross Domestic Product Annualized | -6.1% | -4.6% | -6.3% |
DATA SNAP: US Economy 1Q Falls Much More Than Expected (Dow Jones)
The slumping U.S. economy barely improved early this year, with businesses slashing spending and inventories, according to a surprising report indicating the recession didn't ease as much as expected. Gross domestic product decreased at a seasonally adjusted 6.1% annual rate January through March despite rising consumer spending, the Commerce Department said Wednesday in its first estimate of first−quarter GDP.
[ Full Story ]- Read the GDP data at Commerce Department
- CURRENCIES: Dollar Retreats As GDP Drop Show Sliver Of Hope (Dow Jones)
- Forex: EUR/USD falls to test 1.3230 on US GDP data (FXstreet.com)
- Forex: GBP/USD falls below 1.4700 after worse than expected US GDP (FXstreet.com)
The Week Ahead - Real GDP is expected to contract further in 1Q09 by BBVA Bancomer
Economic Events
| Date (GMT) | Country | Event | Actual | Cons. | Previous | |
| Apr 29 | 14:30 | US | EIA Crude Oil Stocks change | 4.1M | 1.8M | 3.9M |
| 18:15 | US | Fed Interest Rate Decision (Apr 29) | 0.25% | 0.25% | 0.25% | |
| 21:00 | NZ | RBNZ Interest Rate Decision (Apr 30) | 2.5% | 3.0% | ||
| 22:45 | NZ | Building Permits (MoM) (Mar) | 11.6% | |||
| 23:01 | UK | Gfk Consumer Confidence (Apr) | -28 | -30 | ||
| 23:15 | JP | Nomura/ JMMA Manufacturing Puchasing Manager Index (Apr) | 33.8 | |||
| 23:15 | JP | PMI Manufacturing Index | 33.8 | |||