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Expert: Raghee Horner
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Type of Session: Webinar
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Type of Session: Webinar
Current Session: Europe
USD/JPY
Forex Technical Analysis - USD/JPY Trying to regain the channel off 115.16 by KBC Bank
Trying to regain the channel off 115.16 (see graph), with daily Flag bottom off 115.16 currently broken (118.96 today), putting $ on the defensive while below. 1st Resistance area at 118.76/ .86 (today's high?/ daily envelope + daily Short term Moving Average↓), with next levels at 118.96/ .02(see above/ daily Medium Term Moving Average→ + previus reaction high hourly), where pause favored.
- Main Crosses 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 - Currency Majors Technical Analysis by Mataf.net
US Trading Preview - The dollar traded to a fresh multi-year low against the euro by Forexnews.com
Currencies at a Glance
- EUR/USD
- Moves up above first resistant level at 1.3632
04/20/2007 06:33 GMT - GBP/USD
- Moves up above today's pivot at 2.0036 , toward first resistant level at 2.0089
04/20/2007 06:33 GMT - USD/CHF
- Moves down toward today's pivot at 1.2035
04/20/2007 06:33 GMT - USD/JPY
- Continue to move up toward first resistant level at 118.89
04/20/2007 06:33 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 RETAIL SALES
| Date (GMT) | Event | Cons. | Previous | |
| Apr 20 | 08:30 | Retail Sales (MoM) | 0.5% | 1.4% |
| Apr 20 | 08:30 | Retail Sales (YoY) | 4.7% | 4.9% |
Friday Notes - US employment heyday to fizzle in Spring by HVB Group
After a strong February figure, we expect growth of retail sales to have slowed down to 0.6%. The British Retail Consortium and Confederation of British Industry surveys pointed to an even stronger plus. Despite a soft reading in Q1, due to the weak January figure, the trend seems to be cooling off only moderately.
[ Full Story ]Top Market Movers Review
Japan ALL INDUSTRY ACTIVITY INDEX
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Apr 19 | 23:50 | All Industry Activity Index (MoM) | 0.9% | -0.3% | 0.7% |
Japan Outlook:Feb All Indus Activity, Daiei Last FY Earnings (Dow Jones)
[ Full Story ]- Read the Indices of All Industry Activity at Meti
- Tony Juste, FX Advisor at FXstreet.com: "Japan economy keeps on sending a warning message to the carry traders as the economic indexes keep o showing the actual strength (and recovery) of the Japanese economy. The Yen, up to this point, keeps a soft tone as it continues to be sold, but I wouldn't be surprised to see a U-turn soon with all the good data coming in." - FXstreet.com
Overnight Briefing: Far East Timezone - Yen steadies as stock market worries ease by Jyske Bank
Economic Events
| Date (GMT) | Country | Event | Actual | Cons. | Previous | |
| Apr 19 | 23:50 | JP | All Industry Activity Index (MoM) (Feb) | 0.9% | -0.3% | 0.7% |
| Apr 20 | 07:15 | CH | Producer and Import Prices (MoM) (Mar) | 0.3% | 0.3% | 0.3% |
| 08:30 | UK | Retail Sales (MoM) (Mar) | 0.5% | 1.4% | ||
| 08:30 | UK | Retail Sales (YoY) (Mar) | 4.7% | 4.9% | ||
| 12:30 | CA | Retail Sales (MoM) (Feb) | -0.3% | -0.2% | ||
| Apr 24 | 14:00 | US | Consumer Confidence (Apr) | 105.0 | 107.2 | |
| 14:00 | US | Existing Home Sales (Mar) | 6.50 | 6.69M | ||
| Apr 25 | 12:30 | US | Durable Goods Orders (Mar) | 2.5% | 2.5% | |
| 14:00 | US | New Home Sales (Mar) | 885K | 848K | ||
| 14:30 | US | EIA Crude Oil Stocks (Apr 20) | ||||