Wednesday, Apr 18, 07:24 GMT
EUROPEAN Trading Newsletter
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Special Webinars
Forex Trading Live-on-the-News
Expert: Dustin Pass
Start: Wed, Apr 18, 14:00 GMT
Sponsored by: 
Type of Session: Webinar
Analysis on the recent US releases
Expert: Ashraf Laidi
Start: Wed, Apr 18, 15:00 GMT
Sponsored by: 
Type of Session: Webinar
The FX Mirror
Expert: Patrick Dyess
Start: Wed, Apr 18, 16:00 GMT
Sponsored by:
Type of Session: Webinar
Current Session: Europe
EUR/USD
Forex Technical Analysis - EUR/USD:(1.3583) Above LT channel off 1.2877 by KBC Bank
New year high, 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).
- GBP/USD watch by Tony Juste
- 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
Currency Majors Technical Analysis - 1,3587. EUR USD is in an uptrend by Mataf.net
Daily Market Commentary - The pound vaulted over $2 for the first time since September 1992 by Global Forex Trading Ltd.
Currencies at a Glance
- EUR/USD
- Moves up toward first resistant level at 1.3597
04/18/2007 07:08 GMT - GBP/USD
- Moves up toward first resistant level at 2.0133
04/18/2007 07:08 GMT - USD/CHF
- Moves down toward first support at 1.2049
04/18/2007 07:08 GMT - USD/JPY
- Back above 118.80 after bounced at first support 118.54
04/18/2007 07:08 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 CLAIMANT COUNT CHANGE
| Date (GMT) | Event | Cons. | Previous | |
| Apr 18 | 08:30 | Claimant Count Change | -5.0% | -3.8% |
Friday Notes - US employment heyday to fizzle in Spring by HVB Group
We expect unemployment to edge down to 2.8%, as employment growth remains sustained and the growth of the labor supply should slow down. Reports on wage negotiations showed only a moderate acceleration of wages. We expect average earnings ex-bonus to have risen by 3.7% in February.
[ Full Story ]Top Market Movers Review
New Zealand CONSUMER PRICE INDEX
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Apr 17 | 22:45 | Consumer Price Index (QoQ) | 0.5% | 0.5% | 0.8% |
Asia Market Update - Kiwi inflation data fails to provide clarity on rate outlook by Trade The News
New Zealand inflation data does not provide clarity on rate outlook: (NZ Q1 CPI QOQ: 0.5% V 0.6% expected; YOY: 2.5% V 2.6% prior, no revisions) The RBNZ governor Bollard recently said that he expected CPI to rise 0.3% in the quarter. K
[ Full Story ]- Read the Consumers Price Index data at Statistics New Zealand
- NZealand's Q1 CPI up 0.5 pct qtr-on-qtr, domestic inflation still high (AFX News)
Weekly Commentary - Core focus by Westpac Institutional Bank
Economic Events
| Date (GMT) | Country | Event | Actual | Cons. | Previous | |
| Apr 17 | 22:45 | NZ | Consumer Price Index (QoQ) (1Q) | 0.5% | 0.5% | 0.8% |
| Apr 18 | 08:30 | UK | Average Earnings excluding Bonus (3Mo/Yr) (Feb) | 3.6% | 3.6% | |
| 08:30 | UK | Average Earnings including Bonus (3Mo/Yr) (Feb) | 4.2% | 4.2% | ||
| 08:30 | UK | Bank of England Minutes (Apr 5) | ||||
| 08:30 | UK | Claimant Count Change (Mar) | -5.0% | -3.8% | ||
| Apr 19 | 06:00 | DE | Producer Price Index (MoM) (Mar) | 0.4% | 0.3% | |
| 06:00 | DE | Producer Price Index (YoY) (Mar) | 2.7% | 2.8% | ||
| 08:00 | EMU | ECB Publishes Monthly Report (Apr) | ||||
| 11:00 | CA | Bank of Canada Consumer Price Index Core (MoM) (Mar) | 0.2% | 0.5% | ||
| 11:00 | CA | Bank of Canada Consumer Price Index Core (YoY) (Mar) | 2.2% | 2.4% | ||