Tuesday, Apr 17, 07:44 GMT
EUROPEAN Trading Newsletter
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Special Webinars
Asia-Pacific trading Webinar - Identifying and Profiting from Breakouts
Expert: Abdul Khan
Start: Tue, Apr 17, 08:30 GMT
Sponsored by: 
Type of Session: Webinar
Trading Forex using Japanese Candlesticks
Expert: Dan Blystone
Start: Tue, Apr 17, 14:00 GMT
Sponsored by: 
Type of Session: Questions and Answers
Current Session: Europe
EUR/USD
Forex Technical Analysis - EUR/USD:(1.3540) Above LT channel off 1.2877 by KBC Bank
New year high on no big news on G7, with move above 1.3317 (monthly Downtrendline off 1992 on synthetic charts) and above 1.3471 (LT daily Downtrenline off 1992 on same charts). Above LT channel top off 1.2877 (see graph).
- Read Tony Juste's latest comments on the markets
- Check out how the currency moved on Live Currency Rates & Charts at FXstreet.com
- Follow up the most relevant Economic Data in the new Real Time Economic Calendar
- Be up to date with the Latest Forex News
- Read the comments to the latest market moves at our Forex Forum
Other Topics for this Session:
Daily Recommended Trades - EUR/USD daily outlook by E-Forex
Daily Forex Commentary - SEK – Cloudy outlook by Jyske Bank
Currency Majors Technical Analysis by Mataf.net
Currencies at a Glance
- EUR/USD
- Continues to trade around 1.3530 , below today's pivot at 1.3547
04/17/2007 07:06 GMT - GBP/USD
- Moves up above 1.9900 , above today's pivot at 1.9895
04/17/2007 07:06 GMT - USD/CHF
- Moves down below first support level at 1.2123
04/17/2007 07:06 GMT - USD/JPY
- Moves down below first support level at 119.18
04/17/2007 07:06 GMT
Analyst Sentiment Index (ASI)
Analysts Sentiment Index - USD/JPY
**Source : CMS Forex, Danske Bank A/S, FXstreet.com, Global Forex Trading Ltd. , KBC Bank, Mizuho Corporate Bank
[ View ASI page ] [ View USD/JPY page ]
Charting the Market Movers
EUR USD, Hourly
USD JPY, Hourly
Top Market Movers Preview
UK CONSUMER PRICE INDEX
| Date (GMT) | Event | Cons. | Previous | |
| Apr 17 | 08:30 | Consumer Price Index (MoM) | 0.3% | 0.4% |
| Apr 17 | 08:30 | Consumer Price Index (YoY) | 2.8% | 2.8% |
Friday Notes - US employment heyday to fizzle in Spring by HVB Group
After a blip in February, March CPI inflation should slow down again to 2.7%. The largest downward contribution should come from the housing component, following the announced reduction in electricity and gas tariffs. On the other hand, oil price increases in past months should be felt in transport costs and heating fuel.
[ Full Story ]Top Market Movers Review
Japan CONSUMER CONFIDENCE
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Apr 17 | 05:00 | Consumer Confidence | 46.8 | 47.8 | 48.4 |
Japan Govt: March Consumer Sentiment Index 46.8 Vs Feb 48.4 (Dow Jones)
Japanese consumer sentiment in March worsened for the first time in three months, the government said Tuesday. The index for the Cabinet Office's consumer confidence survey, which measures consumers' economic outlook for the coming six months, fell 1.6 points to 46.8 in March from February's reading at 48.4. The figure was 48.1 in January and 45.9 in December.
[ Full Story ]- Read the Consumer Sentiment Index report at Japan Cabinet Office
- Japan March consumer confidence index 46.8 vs 48.4 in Feb; 1st fall in 3 mths (AFX News)
Economic Events
| Date (GMT) | Country | Event | Actual | Cons. | Previous | |
| Apr 17 | 05:00 | JP | Consumer Confidence (Mar) | 46.8 | 47.8 | 48.4 |
| 08:30 | UK | Consumer Price Index (MoM) (Mar) | 0.3% | 0.4% | ||
| 08:30 | UK | Consumer Price Index (YoY) (Mar) | 2.8% | 2.8% | ||
| 08:30 | UK | Core Consumer Price Index (YoY) (Mar) | 1.8% | 1.7% | ||
| 08:30 | UK | Retail Price Index (MoM) (Mar) | 0.5% | 0.7% | ||
| 08:30 | UK | Retail Price Index (YoY) (Mar) | 4.6% | 4.6% | ||
| 09:00 | EMU | Trade Balance n.s.a. (Feb) | -€5.0B | -€7.8B | ||
| 09:00 | DE | ZEW Survey - Economic Sentiment (Apr) | 10.0 | 5.8 | ||
| 12:30 | US | Building Permits (MoM) (Mar) | 1.515M | 1.532M | ||
| 12:30 | US | Consumer Price Index (MoM) (Mar) | 0.6% | 0.4% | ||