Thursday, Apr 19, 07:47 GMT
EUROPEAN Trading Newsletter
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- One Day Forex Education Webinar: Trading tactics - doing well in turbulent times with Tony Juste & Derek Frey
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- Who call the shots in the Forex Market? Reply to Sonic in the Forum
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Special Webinars
Raghee Horner's Morning Forex
Expert: Raghee Horner
Start: Fri, Apr 20, 13:00 GMT
Sponsored by: 
Type of Session: Webinar
Live Trading with the FX Advisor
Expert: Tony Juste
Start: Fri, Apr 20, 14:00 GMT
Sponsored by: 
Type of Session: Webinar
Current Session: Europe
EUR/USD
Daily Analysis - Dollar Trades in record lows of 25 Years against the Pound by Finotec Group Inc.
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).
- 'Ghost Divergence' in GBP 60min confirmed the 15min regular divergence 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 Forex and Dow Jones Recommended Levels - Fxtechtrade by FXtechtrade
Currencies at a Glance
- EUR/USD
- Continues to move down below first support level at 1.3571
04/19/2007 06:59 GMT - GBP/USD
- Continues to move down below first support level at 2.0022
04/19/2007 06:59 GMT - USD/CHF
- Moves up toward today's pivot at 1.2051
04/19/2007 06:59 GMT - USD/JPY
- Continues to move down below second support level at 117.67
04/19/2007 06:59 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
Canada CONSUMER PRICE INDEX
| Date (GMT) | Event | Cons. | Previous | |
| Apr 19 | 11:00 | Consumer Price Index (YoY) | 2% | 2% |
| Apr 19 | 11:00 | Consumer Price Index (MoM) | 0.5% | 0.7% |
Weekly Economic Letter - U.S: the probability of a recession is higher than consensus estimates by National Bank of Canada
[ Full Story ]- Tony Juste, FX Advisor at FXstreet.com: "As rate hike speculation increases in Canada, the outcome of today's CPI will most probably drice the course of action in the short term, and the CAD should also be affected, as such speculation has boosted it lately (especially against the USD)." - FXstreet.com
Top Market Movers Review
Germany PRODUCER PRICE INDEX
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Apr 19 | 06:00 | Producer Price Index (MoM) | 0.3% | 0.4% | 0.3% |
| Apr 19 | 06:00 | Producer Price Index (YoY) | 2.5% | 2.7% | 2.8% |
German March PPI up 0.3 pct vs Feb, up 2.5 pct yr-on-yr (AFX News)
Producer prices in Germany rose 0.3 pct in March from February and rose 2.5 pct from March last year, the Federal Statistics Office said. Economists polled by AFX News had expected a 0.3 pct rise month-on-month and a year-on-year rise of 2.6 pct.
[ Full Story ]- Read the Producer prices March 2007: +2.5% on March 2006 at German Statistics
- German PPI increases 0.3% on the month; +2.5% on the year (FXstreet.com)
- DATA SNAP: German March PPI +0.3 On Month, +2.5% On Year -2- (Dow Jones)
- DATA SNAP: German March PPI +0.3 On Month, +2.5% On Year (Dow Jones)
Economic Events
| Date (GMT) | Country | Event | Actual | Cons. | Previous | |
| Apr 19 | 06:00 | DE | Producer Price Index (MoM) (Mar) | 0.3% | 0.4% | 0.3% |
| 06:00 | DE | Producer Price Index (YoY) (Mar) | 2.5% | 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% | ||
| 11:00 | CA | Consumer Price Index (MoM) (Mar) | 0.5% | 0.7% | ||
| 11:00 | CA | Consumer Price Index (YoY) (Mar) | 2% | 2% | ||
| 12:30 | US | Initial Jobless Claims (Apr 14) | 342K | |||
| 14:00 | US | Leading Indicators (MoM) (Mar) | 0.1% | -0.5% | ||
| 16:00 | US | Philadelphia Fed Manufacturing Survey (Apr) | 3.0 | 0.2 | ||